Homework Answers
Solution
| Increase or (Decrease) | ||
| Amount | Percentage | |
| (a) 2018-2019 | $ (88,400.00) | -17.0% |
| (b) 2019-2020 | $ 82,004.00 | 19.0% |
Working
| Increase or (Decrease) | ||
| Amount | Percentage | |
| (a) 2018-2019 | =431600-520000 | =88400/520000 |
| (b) 2019-2020 | =513604-431600 | =82004/431600 |
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Net income was $520,000 in 2018, $431,600 in 2019, and $513,604 in 2020. What is the...
Current Attempt in Progress Net income was $520,000 in 2018, $452,400 in 2019, and $515,736 in...
Current Attempt in Progress Net income was $520,000 in 2018, $452,400 in 2019, and $515,736 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (45). Round percentages to 1 decimal place, e.g. 12.3%) Increase or (Decrease) Amount Percentage (a) 2018-2019 % (b) 2019-2020 9 e Textbook and...
Send to be Swedrooks 25.0312 AM Question 3 View Policies Current Attempt in Progress Net income...
Send to be Swedrooks 25.0312 AM Question 3 View Policies Current Attempt in Progress Net income was $520,000 in 2018, 5442.000 in 2019, and $525.980 in 2020. What is the percentage of ch r om amounts using either a negative sin preceding the numbers -45 or parentheses: (451. Round protetto 1 dec 2018 18 2019, and 12.30 from 2019 20207 is the change an increase or decrease Increase or (Dece ) Amount Percentage (a) 2018-2019 [b] 2019-2020
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current...
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current liabilities 88,726 74,000 Long-term liabilities 129,860 86,000 Common stock, $1 par 166,838 119,000 Retained earnings 132,859 152,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed...
please show work :) Net income was $610,000 in 2018. $597,800 in 2019, and $633,668 in...
please show work :)
Net income was $610,000 in 2018. $597,800 in 2019, and $633,668 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to O decimal places, e.g. 12%.) Amount Percentage (a) 2018-2019 $ (b) 2019-2020 $
Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the...
Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $611,000 $506,000 Cost of goods sold 487,578 424,028 Gross profit 123,422 81,972 Operating expenses 86,762 48,576 Net income $ 36,660 $ 33,396 (a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either a negative...
Exercise 14-6 Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements...
Exercise 14-6 Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $663,000 $548,000 Cost of goods sold 521,781 455,388 Gross profit 141,219 92,612 Operating 92,157 52,060 expenses $ 49,062 $ 40,552 Net income (a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $123,400...
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$123,400
$100,000
Plant assets (net)
394,350
330,000
Current liabilities
86,328
72,000
Long-term liabilities
133,280
85,000
Common stock, $1 par
166,440
120,000
Retained earnings
131,702
153,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019...
Exercise 18-03 (Video) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $124,200 $100,000 Plant assets (net) 394,630 335,000 Current liabilities 88,416 72,000 Long-term liabilities 131,924 86,000 Common stock, $1 par 165,945 115,000 Retained earnings 132,545 162,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Pla...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,362 327,000 Current liabilities 86,325 75,000 Long-term liabilities 133,672 88,000 Common stock, $1 par 166,374 117,000 Retained earnings 130,391 147,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Question 1 Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current...
Question 1
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$124,600
$100,000
Plant assets (net)
395,010
330,000
Current liabilities
88,111
73,000
Long-term liabilities
135,198
87,000
Common stock, $1 par
166,838
119,000
Retained earnings
129,463
151,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages...
Current Attempt in Progress Net income was $520,000 in 2018, $452,400 in 2019, and $515,736 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses es (45). Round percentages to 1 decimal place, e.g. 12.3%) Increase or (Decrease) Amount Percentage (a) 2018-2019 % (b) 2019-2020 9 e Textbook and...
Send to be Swedrooks 25.0312 AM Question 3 View Policies Current Attempt in Progress Net income was $520,000 in 2018, 5442.000 in 2019, and $525.980 in 2020. What is the percentage of ch r om amounts using either a negative sin preceding the numbers -45 or parentheses: (451. Round protetto 1 dec 2018 18 2019, and 12.30 from 2019 20207 is the change an increase or decrease Increase or (Dece ) Amount Percentage (a) 2018-2019 [b] 2019-2020
December 31, 2020 December 31, 2019 Current assets $123,400 $100,000 Plant assets (net) 394,883 331,000 Current liabilities 88,726 74,000 Long-term liabilities 129,860 86,000 Common stock, $1 par 166,838 119,000 Retained earnings 132,859 152,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1 decimal place, e.g. 12.3%.) GLITTER INC. Condensed...
please show work :)
Net income was $610,000 in 2018. $597,800 in 2019, and $633,668 in 2020. What is the percentage of change from (a) 2018 to 2019, and (b) from 2019 to 2020? Is the change an increase or a decrease? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000). (20%). Round percentages to O decimal places, e.g. 12%.) Amount Percentage (a) 2018-2019 $ (b) 2019-2020 $
Exercise 14-6 Here are the comparative income statements of Delaney Corporation. Delaney Corporation Comparative Income Statements For the Years Ended December 31 2020 2019 Net sales $663,000 $548,000 Cost of goods sold 521,781 455,388 Gross profit 141,219 92,612 Operating 92,157 52,060 expenses $ 49,062 $ 40,552 Net income (a) Prepare a horizontal analysis of the income statement data for Delaney Corporation, using 2019 as a base. (Show the amounts of increase or decrease.) (Enter negative amounts and percentages using either...
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$123,400
$100,000
Plant assets (net)
394,350
330,000
Current liabilities
86,328
72,000
Long-term liabilities
133,280
85,000
Common stock, $1 par
166,440
120,000
Retained earnings
131,702
153,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets $122,400 $100,000 Plant assets (net) 394,362 327,000 Current liabilities 86,325 75,000 Long-term liabilities 133,672 88,000 Common stock, $1 par 166,374 117,000 Retained earnings 130,391 147,000 Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. (Enter negative amounts and percentages using either a negative sign preceding the number e.g. -45, -45% or parentheses e.g. (45), (45%). Round percentages to 1...
Question 1
Here is financial information for Glitter Inc.
December 31, 2020
December 31, 2019
Current assets
$124,600
$100,000
Plant assets (net)
395,010
330,000
Current liabilities
88,111
73,000
Long-term liabilities
135,198
87,000
Common stock, $1 par
166,838
119,000
Retained earnings
129,463
151,000
Prepare a schedule showing a horizontal analysis for 2020, using
2019 as the base year. (Enter negative amounts and
percentages using either a negative sign preceding the number e.g.
-45, -45% or parentheses e.g. (45), (45%). Round percentages...
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