Homework Answers
Option d (dollar amount of change / base period amount) * 100 is the correct answer.
Explanation:
We know that in horizontal analysis, the figures are compared from last year to this year taking the last year as its base and it is calculated by using the formula ((Current Year Amount - Base Year Movement) / base period amount) * 100 and (Current Year Amount - Base Year Movement) is also the dollar amount of change. Hence, option d is the correct answer.
Option A & B is incorrect as irrelevant.
Option C is incorrect First there should come later period amount rather than earlier period amount.
Add Answer to:
LLANT This Question: 2 pts 1 of 40 (0 com The horizontal analysis is computed by...
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...
This Question: 10 pts 16 of 44 In performing vertical analysis, the base for operating expenses...
This Question: 10 pts 16 of 44 In performing vertical analysis, the base for operating expenses is: O A. gross profit B. net sales. OC. operating income. OD. net income. Click to select your answer.
This Question: 2 pts 5 of 40 (3 complete) Modern Moving Company reported the following amounts...
This Question: 2 pts 5 of 40 (3 complete) Modern Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: 2019 2018 Cash and Receivables $175,000 $145,000 Merchandise Inventory 175,000 240,000 Property, Plant and Equipment, net 830,000 730,000 Total Assets $1,180,000 $1,115,000 Total Liabilities $475,000 $395,000 For the vertical analysis, what is the percentage of stockholders' equity as of December 31, 2019? (Round your answer to two decimal places.) OA 59.75%...
Question 9 2 pts A direct cost is a cost that is: Identifiable as controllable. Traceable...
Question 9 2 pts A direct cost is a cost that is: Identifiable as controllable. Traceable to the company as a whole. Does not change with the volume of activity. Traceable to a single cost object. Traceable to multiple cost objects. 2 pts Question 10 2pts Question 5 The comparison of a company's financial condition and performance to a base amount is known as Financial reporting. Horizontal ratios. Liquidation analysis. Sensitivity analysis. 2 pts Vertical analysis. Question 4 2 pts...
QS 13-3 Horizontal analysis LO P1 Compute the annual dollar changes and percent changes for each...
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...
This Question: 1 pt 4 of 40 (3 com Determine the points at which the function...
This Question: 1 pt 4 of 40 (3 com Determine the points at which the function f below has discontinuities. For each point state the conditions in f(x) in the continuity checklist that are violated. In order for f to be continuous at a, the following three conditions (Use 1. f(a) is defined (a is in the domain of f). must hold. 2. lim f(x) exists. Select 3. lim f(x)=f(a) (the value off equals the limit off at a). OA...
This Question: 2 pts 37 of 40 (33c The financial statements of Carrier Office Furniture Company...
This Question: 2 pts 37 of 40 (33c The financial statements of Carrier Office Furniture Company include the following items: 2019 2018 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable $49,500 29,000 97,000 162,000 534,000 271,000 57.000 $45,000 10,000 103,000 150,000 550,000 293,000 52,000 What is working capital for 2019? O A. $206,000 O B. $66,500 O c. $37,500 OD. $95,500 Click to select your answer sty W
This Question: 4 pts 1 of 21 (0 complete) This Test: 100 pts possi... Question Help...
This Question: 4 pts 1 of 21 (0 complete) This Test: 100 pts possi... Question Help Crane Fabrication allocates manufacturing overhead to each job using departmental overhead rates. Crane's operations are divided into a metal casting department and a metal finishing department. The casting department uses a departmental overhead rate of $59 per machine hour, while the finishing department uses a departmental overhead rate of $25 per direct labor hour. Job A216 used the following direct labor hours and machine...
This Test: 46 pts possible 4 30 of 46 (0 complete) This Question: 1 pt A radio station claims that the amount of advertising per hour of broadcast time has an average of 17 minutes and a standard dev...
This Test: 46 pts possible 4 30 of 46 (0 complete) This Question: 1 pt A radio station claims that the amount of advertising per hour of broadcast time has an average of 17 minutes and a standard deviation equal to 1.1 minutes. You listen to the radio station for 1 hour, at a randomly selected time, and carefully observe that the amount of advertising time is equal to 15 minutes Calculate the z score for this amount of advertising...
his Question: 50 pts 1 of 3 (0 complete) This Quiz: 100 pts poss Your firm...
his Question: 50 pts 1 of 3 (0 complete) This Quiz: 100 pts poss Your firm has the option of making an investment in new software that will cost $231,725 today, but will save the company money over several years. You estimate that the software will provide the savings shown in the following table over its 5-year life. Should the firm make this investment if it requires a minimum annual return of 6% on all investments? The present value of...
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...
This Question: 10 pts 16 of 44 In performing vertical analysis, the base for operating expenses is: O A. gross profit B. net sales. OC. operating income. OD. net income. Click to select your answer.
This Question: 2 pts 5 of 40 (3 complete) Modern Moving Company reported the following amounts on its balance sheet as of December 31, 2019 and December 31, 2018: 2019 2018 Cash and Receivables $175,000 $145,000 Merchandise Inventory 175,000 240,000 Property, Plant and Equipment, net 830,000 730,000 Total Assets $1,180,000 $1,115,000 Total Liabilities $475,000 $395,000 For the vertical analysis, what is the percentage of stockholders' equity as of December 31, 2019? (Round your answer to two decimal places.) OA 59.75%...
Question 9 2 pts A direct cost is a cost that is: Identifiable as controllable. Traceable to the company as a whole. Does not change with the volume of activity. Traceable to a single cost object. Traceable to multiple cost objects. 2 pts Question 10 2pts Question 5 The comparison of a company's financial condition and performance to a base amount is known as Financial reporting. Horizontal ratios. Liquidation analysis. Sensitivity analysis. 2 pts Vertical analysis. Question 4 2 pts...
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...
This Question: 1 pt 4 of 40 (3 com Determine the points at which the function f below has discontinuities. For each point state the conditions in f(x) in the continuity checklist that are violated. In order for f to be continuous at a, the following three conditions (Use 1. f(a) is defined (a is in the domain of f). must hold. 2. lim f(x) exists. Select 3. lim f(x)=f(a) (the value off equals the limit off at a). OA...
This Question: 2 pts 37 of 40 (33c The financial statements of Carrier Office Furniture Company include the following items: 2019 2018 Cash Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long-term Note Payable $49,500 29,000 97,000 162,000 534,000 271,000 57.000 $45,000 10,000 103,000 150,000 550,000 293,000 52,000 What is working capital for 2019? O A. $206,000 O B. $66,500 O c. $37,500 OD. $95,500 Click to select your answer sty W
This Question: 4 pts 1 of 21 (0 complete) This Test: 100 pts possi... Question Help Crane Fabrication allocates manufacturing overhead to each job using departmental overhead rates. Crane's operations are divided into a metal casting department and a metal finishing department. The casting department uses a departmental overhead rate of $59 per machine hour, while the finishing department uses a departmental overhead rate of $25 per direct labor hour. Job A216 used the following direct labor hours and machine...
This Test: 46 pts possible 4 30 of 46 (0 complete) This Question: 1 pt A radio station claims that the amount of advertising per hour of broadcast time has an average of 17 minutes and a standard deviation equal to 1.1 minutes. You listen to the radio station for 1 hour, at a randomly selected time, and carefully observe that the amount of advertising time is equal to 15 minutes Calculate the z score for this amount of advertising...
his Question: 50 pts 1 of 3 (0 complete) This Quiz: 100 pts poss Your firm has the option of making an investment in new software that will cost $231,725 today, but will save the company money over several years. You estimate that the software will provide the savings shown in the following table over its 5-year life. Should the firm make this investment if it requires a minimum annual return of 6% on all investments? The present value of...
Most questions answered within 3 hours.
-
Now that this course has taken you on a journey of introduction
to the world of...
asked 27 minutes ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 41 minutes ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 2 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 2 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 4 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 3 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 3 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 4 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 4 hours ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 4 hours ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 4 hours ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 5 hours ago