Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should...
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 2017 2016 Short-term investments $ 376,765 $ 235,858 Accounts receivable 99,717 103,183 Notes payable 0 90,168
Homework Answers
| Calculation of Percent change | ||||
| Current Year | Base Year | |||
| 2017 | 2016 | Dollar Change | Percent Change | |
| Short-term investments | $ 376,765.00 | $ 235,858.00 | $ 140,907.00 | 59.74% |
| Accounts receivable | $ 99,717.00 | $ 103,183.00 | $ (3,466.00) | -3.36% |
| Notes Payable | $ - | $ 90,168.00 | $ (90,168.00) | -100.00% |
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Compute the annual dollar changes and percent changes for each
of the following accounts. (Decreases should...
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases...
Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) 2017 2016 Short-term investments $ 379,115 $ 238,413 Accounts receivable 101,380 105,474 Notes payable 0 93,207 Horizontal Analysis - Calculation of Percent Change Choose Numerator: / Choose Denominator: Percent Change = / 2017 2016 Dollar Change Percent Change Short-term investments $379,115 $238,413 % Accounts receivable 101,380 105,474 % Notes...
tudy Exercises Part 1 QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and...
tudy Exercises Part 1 QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable 2017 $374,634 97,364 2016 $234,699 101,000 88,000 Horizontal Analysis - Calculation of Percent Change Choose Denominator: 2016 Dollar Change Percent Change Choose Numerator: Percent change = 2017 Short-term investments S Accounts receivable Notes payable 374,634...
QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each...
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QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each...
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Burns Corporation's net income last year was $95,600. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Cash and cash equivalents $ 20,500 Accounts receivable $ 13,700 Inventory $ (16,500 ) Prepaid expenses $ 4,400 Long-term investments $ 10,400 Property, plant, and equipment $ 74,200 Accumulated depreciation $ 34,100 Liability and Equity Accounts: Accounts payable $ (19,600 ) Accrued liabilities $ 16,800 Income taxes payable $ 4,300 Bonds payable $ (61,800...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): ...
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Burns Corporation's net income last year was $99,000. Changes in the company's balance sheet accounts for...
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The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Cash Short-term in...
The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Cash Short-term investments Accounts receivable Debits 113,000 95,000 310,000 62,000 105,000 350,000 Credits Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 175,000 280,000 135,000 188,000 60,000 130,000 350,000 250,000 27,000 Totals 1,315,000 1,315,000 Additional information: 1. The short-term investments account includes $33,000 in U.S. treasury bills purchased in May. The...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 Sales Depreciation 2,386 2,494 5,740 6,741 Cost of goods sold Other expenses 1,350 1,183 1,115 1,330 8,681 9,277 Accounts receivable 11,49813,512 Interest Cash Short-term notes 1,684 1,651 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,2756,670 20,441 21,872 2,0292,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Account Title Debits Credits Cash 97,000 Short-term investments 212,000 Accounts receivable 153,000 Long-term investments 50,000 Inventories 230,000 Loans to employees 55,000 Prepaid expenses (for 2019) 31,000 Land 295,000 Building 1,700,000 Machinery and equipment 652,000 Patent 167,000 Franchise 55,000 Note receivable 325,000 Interest receivable 27,000 Accumulated depreciation—building 635,000 Accumulated depreciation—equipment 225,000 Accounts payable 204,000 Dividends payable (payable on 1/16/19) 25,000 Interest payable 31,000 Taxes...
tudy Exercises Part 1 QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable 2017 $374,634 97,364 2016 $234,699 101,000 88,000 Horizontal Analysis - Calculation of Percent Change Choose Denominator: 2016 Dollar Change Percent Change Choose Numerator: Percent change = 2017 Short-term investments S Accounts receivable Notes payable 374,634...
QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a minus sign. Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable Current Year $ 380, 834 103, 020 Prior Year $ 240, 061 106, 337 94, 802 Horizontal Analysis - Calculation of Percent Change Choose Numerator: Choose Denominator: Percent Change = Current Year D ollar Change Percent Change $ Short-term...
QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal place.) Short-term investments Accounts receivable Notes payable 2015 $377,232 99,828 O 2014 $236,026 103,326 90,624 Horizontal Analysis - Calculation of Percent Change ose Numerator: I Choose Denominator: Percent Change = Current Year minus Base Year Change = Current Year minus Base Year Base Year Amount 2015 2014 Dollar Change Short-term investments | $ 377,232...
Burns Corporation's net income last year was $99,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant and equipment Accumulated depreciation Liability and Equity Accounts: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings $ 46,800 $ 37,000 $(44,000) $ 11,200 $ 55,000 $ 85,000 $ 61,000 $(44,000) $ 34,000 $ 64,000 $(75,000) $ 73,000 $ 78,000...
The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Cash Short-term investments Accounts receivable Debits 113,000 95,000 310,000 62,000 105,000 350,000 Credits Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 175,000 280,000 135,000 188,000 60,000 130,000 350,000 250,000 27,000 Totals 1,315,000 1,315,000 Additional information: 1. The short-term investments account includes $33,000 in U.S. treasury bills purchased in May. The...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent) 2017 2018 $17,049 $ 18,798 Sales Depreciation 2,386 2,494 5,740 6,741 Cost of goods sold Other expenses 1,350 1,183 1,115 1,330 8,681 9,277 Accounts receivable 11,49813,512 Interest Cash Short-term notes 1,684 1,651 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,090 35,254 72,792 77,640 6,2756,670 20,441 21,872 2,0292,324 For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow...
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