Homework Answers
Question 4: comparison of a company's financial condition and performance across time is called:
Horizontal analysis
Question 5: comparison of a company's financial condition and performance to a base amount is called:
vertical analysis
Question 9: A direct cost is a cost:
Traceable to a single cost object
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Question 9 2 pts A direct cost is a cost that is: Identifiable as controllable. Traceable...
Question 3 2 pts The ability to provide financial rewards sufficient to attract and retain financing...
Question 3 2 pts The ability to provide financial rewards sufficient to attract and retain financing is called: O Liquidity and efficiency Solvency Profitability. O Market prospects. Creditworthiness. 2pts tion 4 and performance across time is known as Question 2 2 pts External users of financial information: OAre those individuals involved in managing and operating the company Include internal auditors and managers. Are not directly involved in operating the company O Make strategic decisions for a company OMake operating decisions...
Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4,...
Help! Short or no explanations! Answer right and you will have
postivle feedback! Answer all 4, because accouding to the policy in
a single post I can ask 4 questions! Thanks
13. The ability to provide financial rewards sufficient to attract and retain financing is called: O Liquidity and efficiency Solvency O Profitability Market prospects O Creditworthiness. 14. Three of the most common tools of financial analysis are: O Financial reporting, ratio analysis, vertical analysis. O Ratio analysis, horizontal analysis,...
Question 11 2 pts Gordon Company sold 2,000 more units than budgeted of its only product....
Question 11 2 pts Gordon Company sold 2,000 more units than budgeted of its only product. How will ota fxed cost be affected? O Remain constant O Decrease by same percentage as sales increase. O Increase by same percentage as sales increase ODecrease $2,000. OIncrease $2,000 2pts Question 10 2 pts A fixed cost: Requires the future outlay of cash and is relevant for future decision making Does not change with changes in the volume of activity within the relevant...
Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4,...
Help! Short or no explanations! Answer right and you will have
postivle feedback! Answer all 4, because accouding to the policy in
a single post I can ask 4 questions! Thanks
Question 17 (of 33) 17 The comparison of a company's financial condition and performance to a base amount is known as: Financial reporting O Horizontal ratios. O Investment analysis Risk analysis. O Vertical analysis. 2020 MG 18. A company's sales in Year 1 were $360,000 and in Year 2...
The evaluation of company performance and financial condition focuses solely on past performance. T/F Market prospects...
The evaluation of company performance and financial condition focuses solely on past performance. T/F Market prospects are the ability to generate positive market expectations. T/F An example of a guideline (or rule of thumb) for comparison is the 2:1 level for the current ratio and 1:1 level for the acid-test ratio. T/F Three of the most common tools of financial analysis include horizontal analysis, vertical analysis, and ratio analysis. T/F A trend percent is calculated by dividing the analysis period...
This Question: 2 pts 8 Which of the following best describes horizontal analysis? A. comparing financial...
This Question: 2 pts 8 Which of the following best describes horizontal analysis? A. comparing financial statement line items from year to year for the same company O B. comparing a company's financial statements with other companies C. expressing each financial statement amount as a percentage of a budgeted amount OD. calculating key ratios to evaluate performance This Question: 2 pts 12 of 21 (3 complete) Mercer, Inc. provides the following data for 2019: Net Sales Revenue 599,000 Cost of...
Question 50 (2 points) When doing vertical analysis of the balance sheet, to get percentages for...
Question 50 (2 points) When doing vertical analysis of the balance sheet, to get percentages for each balance sheet item, you divide the dollar amount for the particular balance sheet item by the dollar amount of total Liabilities. the dollar amount of total Stockholders' Equity. the dollar amount of total Assets plus total Liabilities plus total Stockholders' Equity. the dollar amount of total Assets OR total Liabilities plus total Stockholders' Equity Submit Quiz 38 of 50 questions saved year. Question...
Question 33 2 pts The first step for implementing activity-based costing is Calculate activity rates Assign...
Question 33 2 pts The first step for implementing activity-based costing is Calculate activity rates Assign overhead costs to activity cost pools Define activities, activity cost pools, and activity measures Assign overhead costs to cost objects Question 34 2 pts The differences between ABC and Traditional Product Costs include the following except: Traditional cost systems create a more favorable net operating income (loss) Traditional cost systems allocate manufacturing overhead costs using a volume-related allocation base Traditional cost systems allocate all...
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year...
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year 2 Year 3 $15,000 $21,000 $31,500 If you performed a horizontal analysis between year 2 and year 3, what is the percentage change? O 50.00% O 110.00% 150.00% 40.00% 2 pts The Nichols Corporation data for the current year: 2 pts AM 000 000 Long-term Commonstad 5,000 Shares Remed cam Net COGS Gross Pro Selling Generales Net Income before taxe Income tax expen Net...
1 pts In performing a vertical analysis of an income statement, which of the following is...
1 pts In performing a vertical analysis of an income statement, which of the following is used as the base amount? X Total expenses Net sales Gross profit O Cost of goods sold Question 8 1 pts The ability of a company to collect receivables is measured by which ratio? Current ratio Day's sales in receivables Acid-test ratio Inventory turnover ratio Question 9 Working capital is a measure of: A company's ability to pay its current obligations The amount of...
Question 3 2 pts The ability to provide financial rewards sufficient to attract and retain financing is called: O Liquidity and efficiency Solvency Profitability. O Market prospects. Creditworthiness. 2pts tion 4 and performance across time is known as Question 2 2 pts External users of financial information: OAre those individuals involved in managing and operating the company Include internal auditors and managers. Are not directly involved in operating the company O Make strategic decisions for a company OMake operating decisions...
Help! Short or no explanations! Answer right and you will have
postivle feedback! Answer all 4, because accouding to the policy in
a single post I can ask 4 questions! Thanks
13. The ability to provide financial rewards sufficient to attract and retain financing is called: O Liquidity and efficiency Solvency O Profitability Market prospects O Creditworthiness. 14. Three of the most common tools of financial analysis are: O Financial reporting, ratio analysis, vertical analysis. O Ratio analysis, horizontal analysis,...
Question 11 2 pts Gordon Company sold 2,000 more units than budgeted of its only product. How will ota fxed cost be affected? O Remain constant O Decrease by same percentage as sales increase. O Increase by same percentage as sales increase ODecrease $2,000. OIncrease $2,000 2pts Question 10 2 pts A fixed cost: Requires the future outlay of cash and is relevant for future decision making Does not change with changes in the volume of activity within the relevant...
Help! Short or no explanations! Answer right and you will have
postivle feedback! Answer all 4, because accouding to the policy in
a single post I can ask 4 questions! Thanks
Question 17 (of 33) 17 The comparison of a company's financial condition and performance to a base amount is known as: Financial reporting O Horizontal ratios. O Investment analysis Risk analysis. O Vertical analysis. 2020 MG 18. A company's sales in Year 1 were $360,000 and in Year 2...
This Question: 2 pts 8 Which of the following best describes horizontal analysis? A. comparing financial statement line items from year to year for the same company O B. comparing a company's financial statements with other companies C. expressing each financial statement amount as a percentage of a budgeted amount OD. calculating key ratios to evaluate performance This Question: 2 pts 12 of 21 (3 complete) Mercer, Inc. provides the following data for 2019: Net Sales Revenue 599,000 Cost of...
Question 50 (2 points) When doing vertical analysis of the balance sheet, to get percentages for each balance sheet item, you divide the dollar amount for the particular balance sheet item by the dollar amount of total Liabilities. the dollar amount of total Stockholders' Equity. the dollar amount of total Assets plus total Liabilities plus total Stockholders' Equity. the dollar amount of total Assets OR total Liabilities plus total Stockholders' Equity Submit Quiz 38 of 50 questions saved year. Question...
Question 33 2 pts The first step for implementing activity-based costing is Calculate activity rates Assign overhead costs to activity cost pools Define activities, activity cost pools, and activity measures Assign overhead costs to cost objects Question 34 2 pts The differences between ABC and Traditional Product Costs include the following except: Traditional cost systems create a more favorable net operating income (loss) Traditional cost systems allocate manufacturing overhead costs using a volume-related allocation base Traditional cost systems allocate all...
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year 2 Year 3 $15,000 $21,000 $31,500 If you performed a horizontal analysis between year 2 and year 3, what is the percentage change? O 50.00% O 110.00% 150.00% 40.00% 2 pts The Nichols Corporation data for the current year: 2 pts AM 000 000 Long-term Commonstad 5,000 Shares Remed cam Net COGS Gross Pro Selling Generales Net Income before taxe Income tax expen Net...
1 pts In performing a vertical analysis of an income statement, which of the following is used as the base amount? X Total expenses Net sales Gross profit O Cost of goods sold Question 8 1 pts The ability of a company to collect receivables is measured by which ratio? Current ratio Day's sales in receivables Acid-test ratio Inventory turnover ratio Question 9 Working capital is a measure of: A company's ability to pay its current obligations The amount of...
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