Sales Cost of goods sold Accounts receivable 2021 $ 677,594 348,023 32,863 2020 $ 451,729 231,982...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sales Cost of goods sold Accounts receivable 2021 $ 677,594 348,023 32,863 2020 $ 451,729 231,982 26,336 2019 $ 376,441 195,235 25,711 2018 2017 $ 256,956 $ 193,200 132,448 15,083 98,532 13,234 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: Trend Percent for Net Sales: Numerator: Denominator: = Trend percent % 1 % 10 % 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? = % 10 % = Trend percent = % = = = % % do do do % Sales Cost of goods sold Accounts receivable 2021 $ 677,594 348,023 32,863 2020 $ 451,729 231,982 26,336 2019 $ 376,441 195,235 25,711 2018 2017 $ 256,956 $ 193,200 132,448 15,083 98,532 13,234 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: Trend Percent for Net Sales: Numerator: Denominator: = Trend percent % 1 % 10 % 2017: Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: Is the trend percent for Cost of Goods Sold favorable or unfavorable? = % 10 % = Trend percent = % = = = % % do do do %
Expert Answer:
Answer rating: 100% (QA)
For Accounts Receivable Trend Percent 2021 32863 13234 1 100 248 1 100 148 Trend Percent 2020 26336 ... View the full answer
Related Book For
Accounting Principles Volume 2
ISBN: 978-1119502555
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Posted Date:
Students also viewed these accounting questions
-
required information Exercise 5-29C (Static) Net & gross methods: Recording purchases, sales, returns, and discounts-buyer and seller LO P7 [The following information applies to the questions...
-
5.62 Determine the amount of gamma and alpha phases (Fig. 5.4b in a 10-kg, 1060 steel casting as it is being cooled to the following temperatures: (a) 750C; (b) 728C; and (c) 7260 1600 8 (Ferrite)....
-
11. A 5002 line and a 9002 line are connected in tandem as shown in the Figure 6. The 50 S line is terminated in a 2002 resistance. Both lines are lossless and their lengths are indicated on the...
-
Find the maximum volume of a box inscribed in the tetrahedron bounded by the coordinate planes and the plane 1 1 x+2y+12=1 3
-
What is a T-account? What is its purpose?
-
20.0 cm 3 of a metal hydroxide of concentration 0.0600 mol dm 3 was titrated with 0.100 mol dm 3 hydrochloric acid. It required 24.00 cm 3 of the hydrochloric acid to exactly neutralise the metal...
-
Differentiate between sensitivity and scenario analyses. What advantage does scenario analysis have over sensitivity analysis? AppendixLO1
-
Moriband Corp. paid a dividend of $2.15 yesterday. The companys dividend is expected to grow at a steady rate of 5 percent for the forseeable future. If investors in stocks of companies like Moriband...
-
Inventory records for Dunbar Incorporated revealed the following: Number Date Transaction Apr. 1 Beginning inventory Apr. 20 Purchase of Units 430 320 Unit Cost $2.13 2.68 Dunbar sold 590 units of...
-
The Durham Insurance Company sells a five-year term insurance policy with face value of $100,000 to a 47-year-old man for a monthly premium of $63. The mortality table is given below. d. What is the...
-
Twenty years ago, Michael invested $5000. His investment has grown to $15,817.36. Determine the nominal rate of interest, compounded quarterly, that he received?
-
1. The interest rate charged on a loan of $85,000 is 7.75% compounded annually. If the loan is to be paid off over seven years, calculate the size of the annual payments. 2. A $10,000 debt is repaid...
-
Referring to the NISSAN Navara 5L SE M/T, which is using Nissan YD25 engine, provide your analysis to the following questions: A. What will be the maximum power produced by this vehicle at the...
-
Convert each pair of rectangular coordinates to polar coordinates where r> 0 and 0 <2.
-
Please type your answers and submit them on Blackboard by the due time. AAA corp. had the following PP&E values on Dec. 31, 2018. Cost $ 100 Accumulated Depreciation $ 20 Undiscounted Future Cash...
-
Compute the standard deviation"sigma symbol"for ages of British nurses in 1851. Assume that the table below shows the age distribution of nurses in Great Britain in 1851. Round your answer to nearest...
-
A company is currently using aggressive approach of working capital Management at present the company faces a lot of challenges in the management of current assets and it seems that aggressive...
-
Discrete sample spaces: suppose there are N cable cars in San Francisco, numbered sequentially from 1 to N. You see a cable car at random; it is numbered 203. You wish to estimate N. (See Goodman,...
-
July 1, 2021, Moon Corporation, a private company, purchased $400,000 of sixyear, 6% Star Corporation bonds for $420,000. The bonds pay interest each June 30. The bonds were purchased to earn...
-
Aritzia is a retail company that designs and retails womens fashions and accessories. Its first store was opened in 1984 in Vancouver by its founder, Brian Hill. Since then, it has expanded to more...
-
Westcoast Corporation reported the following in its December 31, 2021, financial statements. Calculate the cash receipts from customers. 2021 $123,850 640,000 2020 Accounts receivable balance,...
-
Denzel and Shantell form a partnership by contributing $70,000 and $35,000, respectively. They agree to an interest allowance equal to 10% of each partners capital balance at the beginning of the...
-
Hansen and Fleming are partners and share equally in income or loss. Hansens current capital balance in the partnership is $125,000 and Flemings is $124,000. Hansen and Fleming agree to accept Black...
-
Prepare entries for partnership formation. (p. D-5) AppendixLO1
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App