Alpine Corporation's accounts receivable accountbalance was $80,000 at the beginning of the yearand $96,000 at the end of the year. Alpine'spercentage change calculation at the end of thecurrent year is:A) 12.5% decreaseB) 12.5% increaseC) 15% decreaseD) 20% increase

Step 1: Definition of Percentage ChangePercentage change measures the extent of increase or decrease…

Answered: Alpine Corporation's accounts…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 8CDQ

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Sub. GENERAL ACCOUNT
Ramsey Corp. reported the following balances at the end of the year: Credit Sales: $275,000 Accounts Receivable: $68,000 Allowance for Uncollectible Accounts before adjustment: $2,800 debit Ramsey Corp. estimates that 7.5% of the credit sales are uncollectible. After the year-end adjustment, what is the Net Realizable Value of Accounts Receivable?
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A company reports the following: Sales $117,530 Average accounts receivable (net) 16,790 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables, Round interim calculations to the nearest dollar and final answers to one dedmal place. Assume a 365-day year.
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 Percent change= Short-term investments Accounts receivable Notes payable $ Current Year $ 374,634 97,364 0 Prior Year $ 234,000 101,000 88,000 Horizontal Analysis-Calculation of Percent Change Numerator: Current Year Prior Year 374,634 $ 234,000 97,364 101,000 0 88,000 Denominator: Dollar Change Percent Change % %
A company reports the following: Sales $572,320Average accounts receivable (net) 20,440Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover fill in the blank 1b. Number of days' sales in receivables fill in the blank 2 days
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Financial Accounting
A company reports the following: Sales $890,600 Average accounts receivable (net) 44,530 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover 20 b. Number of days' sales in receivables 18 X days
A company reports the following: Sales $859,940 Average accounts receivable (net) 45,260 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables days
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 Percent Change = Short-term investments Accounts receivable Notes payable $ Current Year $ 380,168 102,276 0 Prior Year $ 239,377 105,903 93,973 Horizontal Analysis - Calculation of Percent Change Numerator: Current Year 380,168 $ 102,276 1 Prior Year 239,377 105,903 93,973 Denominator: Dollar Change Percent Change % % %
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Alpine Corporation's accounts receivable account balance was $80,000 at the beginning of the year and $96,000 at the end of the year. Alpine's percentage change calculation at the end of the current year is: A) 12.5% decrease B) 12.5% increase C) 15% decrease D) 20% increase