←!1QQuestion 1- Ch 13 Ex 13-3- Con X +→ CACh 13 Ex 13-3112pointsSkippedezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q...eBook6→HintAskDPrintDReferencesMcGrawHillType here to search@2W2018:2017:Is the trend percent for Net Sales favorable or unfavorable?2021:2020:2021:2020:2019:2018:2017:Is the trend percent for Cost of Goods Sold favorable or unfavorable?F2#Numerator:3ENumerator:2019:/2018:I2017:1Is the trend percent for Accounts Receivable favorable or unfavorable?F3$481xTrend Percent for Cost of Goods Sold:1Denominator:1/RTrend Percent for Accounts Receivable:Denominator:H111F4%511/16TPrevn OF5^6SavedICEY1 of 1F6wwwPrtScn&v lo=7F7UTrend percentTrend percentNextHome* 008FB1%%%%%%%%%%%%End(953°F SunnyF9OHelpPgUp)0F10Save & E:PChecDPgDr stion 1 Ch 13 Ex 13-3- Con X +1ссezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/q...Ch 13 Ex 13-3 i112points.SkippedeBookBHintAskbPrintReferences.F12Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1SalesCost of goods soldAccounts receivableMcGrawHillType here to search2021:2020:2019:2018:2017:F2#Numerator:2021:12020:12019:112018:2017:1Is the trend percent for Net Sales favorable or unfavorable?3Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether thesituation as revealed by the trend percents appears to be favorable or unfavorable.Numerator:Ⓒwww▶/11F32021$599,194302, 14728,941Et$41xTrend Percent for Net Sales:11HF42020$ 389,087196,34422,684Trend Percent for Cost of Goods Sold:1Denominator:1111Do%5201920182017$ 320,236 $216,376 $159,108163,46821,84010F5SavedDenominator:PrevO<61 of 1109,93812,781F6wwwwwwwww&=PrtScn7=79,55010,930Trend percentF7Trend percentNext >Home8%1%%%%%%%%%FBEnd9Help53°F SunnyF9PgUp0Save & ExitF10CheckPoD

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Trend Analysis - Under Trend Analysis company takes 100% to base year and compare the rest of the…

Business

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Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable. 2021 $ 599,194 302,147 28,941 2020 $389,087 196,344 22,684 2019 $ 320,236 163,468 21,840 2018 $216,376 109,938 12,701 2017 $ 159,100 79,550 10,930 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable. 2021 $ 599,194 302,147 28,941 2020 $389,087 196,344 22,684 2019 $ 320,236 163,468 21,840 2018 $216,376 109,938 12,701 2017 $ 159,100 79,550 10,930 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sales Cost of goods sold Accounts receivable Numerator: 2021 $ 446,762 225,881 21,623 Numerator: Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 1 1 1 1 1 1 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2020 $ 290,105 146,803 16,913 Trend Percent for Net Sales: 2019 $ 232,084 119,092 15,828 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend Percent for Cost of Goods Sold: 1 Denominator: 7 1 1 1 1 1 I 1 Denominator: Trend Percent for Accounts Receivable: Denominator: 1 1 1 1 2021: 2020: 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? 2018 $ 167,570 84,885 9,820 = = = = = = = = = = 2017 $ 128,900 64,450 8,804 = Trend percent Trend percent Trend percent % % % % % % % % % % % % %…
A. Devine and Vicky are partners dealing in cosmetics and other assorted goods. They share profit and losses in ratio 3:2. The trial balance below was extracted from the books of the partners as at 31“ December, 2020. DR CR Rent Expenses 400,000 Bank overdraft 100,000 Discount 50,000 100,000 Turnover 2,100,000 Cost of Sales 700,000 Receivable 400,000 Patent 400,000 Stocks (31/12/2019) 150,000 Loan from Devine at 15% per annum 200,000 Land 900,000 Motor vehicle 600,000 Equipment 400,000 Provision for depreciation:
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