What were the dollar amount of change and the percentage of each change in Oak Hill Lodges
Question:
What were the dollar amount of change and the percentage of each change in Oak Hill Lodge’s working capital during 2014 and 2013? Is this trend favorable orunfavorable?
Transcribed Image Text:
2014 2013 2012 Total current assets Total current liabilities S60,000 $215,000 $250,000 25,000 108,000 125,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (7 reviews)
The decrease in 2014 working capital is unfav...View the full answer
Answered By
Nancy Onwonga
I have a Bachelor of Commerce degree in procurement and supply chain management. My experience as a qualified academic tutor began over six years ago. I started by working as a freelancer guiding students in high school to score A+ in their exams. I later on advanced into tutoring university students in business commerce-related subjects. I have worked with students who are in universities both local and abroad. I aim to help them understand the concept and get excellent grades in their subjects. I am proficient in the following areas; procurement, logistics, supply chain, business law, marketing, management, microeconomics, macroeconomics, general business, and accounting. My experience in this field has enabled me to master the different academic writing and formatting styles. In addition, I like providing my students with plagiarism and grammar report. I aim to protect my students' academic future in their institutions. I have a passion for tutoring and would love to work with you.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
Question Posted:
Students also viewed these Managerial Accounting questions
-
Compute the dollar amount of change and the percentage of change in DuBois Enterprises' working capital each year during 2011 and 2012. Is this trend favorable or unfavorable? 2011 S380,080 $348,000...
-
Compute the dollar amount of change and the percentage of change in Business News Group's working capital each year during 2013 and 2014. Is this trend favorable orunfavorable? 2014 2013 2012 Total...
-
What is the dollar amount of the firms current bad debt losses? What losses would be expected under the new policy? Rich Jackson, a recent finance graduate, is planning to go into the wholesale...
-
Suppose that we are at time 0 and the interest rate is 10% (d) What is the PV of an asset that pays 20 installments of $5 a year starting today?
-
Assume that on December 2, YY, the cheapest bond to deliver was the 6 1/4s maturing on August 15, YY+18. The March contract is priced June futures price is 111.75. The conversion factor for the 6...
-
(a) When n balls, numbered 1, 2, 3, ... , n are taken in succession from a container, a rencontre occurs if the mth ball withdrawn is numbered m, for some 1 m n. Find the probability of getting (i)...
-
In a reaction turbine, steam is expanded partially in the _____ and remaining expansion takes place in _____ blades.
-
Jason Bieler and Nancy Delirion are production managers in the Appliances Division of Meester Corporation, which has several dozen plants scattered in locations throughout the world. Delirion manages...
-
Organizational adaptability occurs when the organization strategically engages and manages multiple sources of talent, including employees and non-employee workers, in response to both internal...
-
Bottle-Up, Inc., was organized on January 8, 2010, and made its S election on January 24, 2010. The necessary consents to the election were filed in a timely manner. Its address is 1234 Hill Street,...
-
Two companies with different economic-value-added (EVA®) profiles are Dakota Oil Pipeline, Inc., and Arkansas Bank Limited. Adapted versions of the two companies financial statements are...
-
Prepare a horizontal analysis of the comparative income statements of Murillo Music Co. Round percentage changes to the nearest one-tenth percent (three decimalplaces). A1 Murillo Music Co....
-
The Filling Department of Satin Skin Lotion Company had 25,000 ounces in beginning work in process inventory (70% complete). During the period, 486,000 ounces were completed. The ending work in...
-
In an attempt to streamline the ordering and invoicing process within your organization, all documents are now routinely formatted as read-only and cannot be edited. This is meant to secure the...
-
Rewrite the following sentences so that they are direct and concise. If necessary, break your answer into two sentences. a. Enraptured by the performance of the lead opera singer in the musical, Sir...
-
As the chief executive of a leading magazine, what are the four levels of introspection that you would expect from your editorial team in planning their messages?
-
As someone who came of age in the postemailworld of social networks and workgroup messaging, you were rather disappointed to find your new employer solidly stuck in the age of email. You use email,...
-
A software package your team created last month has just created errors in a clients files. This was because the client has incompatible file formats. How would you politely convey this to your...
-
Youngs double slit experiment breaks a single light beam into two sources. Would the same pattern be obtained for two independent sources of light, such as the headlights of a distant car? Explain.
-
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
-
Discuss the biases that are commonly present in reported hedge fund returns.
-
Melvina Corporation has been authorized to issue 20,000 shares of $100 par value, 7%, noncumulative preferred stock and 1,000,000 shares of no-par common stock . The corporation assigned a $5 stated...
-
On January 1, 2012, Neville Inc. had these stockholders equity balances. Common Stock , $1 par (2,000,000 shares authorized, 600,000 shares issued and outstanding) ..............$ 600,000 Paid-in...
-
Tejada Company manufactures backpacks. During 2012, Tejada issued bonds at 10% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for...
-
Popular furniture company, IKEA, has purchased forests in Romania as well as land in Alabama to assist with keeping up with the wood demand necessary to complete customer orders. This was one way...
-
How does China being Turkey's biggest import partner affect Turkey's exchange rate?
-
Assignment 4 In this assignment you are provided information on an experiment and you are required to investigate and interpret the output which is provided below. Problem: Consider the...
Study smarter with the SolutionInn App