Horizontal Analysis The comparative temporary investments and inventory balances of a company follow. Current Year Previous Year Accounts payable $48,654 $47,700 Long-term debt 57,200 71,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Amount of Change Increase/Decrease Percentage Accounts payable Increase 954 0.02 X % Long-term debt 14,300 Decrease 0.2 X %

Q: Rates of returns on annuities cannot be calculated with a formula. True False

A: Rate of return refers to the return earned by the investors over the investment ampunt which is…

Q: how do I calculate the quick ratio in a balance sheet?

A: Quick ratio is a liquidity ratio which is used to analyse the ability of a company to pay their…

Q: Solve the following by using formulas. Do not round intermediate calculations. Round your answer to…

A: The calculation is done below: The formula sheet of the above value represented below:

Q: In what situation would LIFO not provide a better match of revenues and expense

A: "LIFO" stands for last-in, first-out, meaning that the recently purchased inventory items are…

Q: What are the major differences in translating liabilities between the What are the…

A: liabilities  The financial responsibilities of a business, such as money owed to suppliers, wages…

Q: What are two ways to calculate returns for a holding period?

A: It is also called as HPR, which states to the total returns during a period for which a investment…

Q: How can we find the present worth of any uneven stream of payments?

A: The question is based on the concept of present value of uneven cash flow

Q: Can you please provide the formula to calculate it? The answer does not explain that

A: Amount borrowed = $53,000Loan term = 5 yearsInterest rate = 4.5%

Q: erform the Reperformance or Recalculation procedures to check the mathematical accuracy of the…

A:

Q: Why does balance of payments contain an account called statistical discrepancy?

A: The equilibrium of installments (BOP), otherwise referred to as equilibrium of worldwide…

Q: Define Long-Term Notes.

A: Liability: It is the sum of money owed by the company to external entities.

Q: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

A: Time lines can be constructed for annuities where the payments occur at either the beginning or the…

Q: Which of the two methods of estamting uncollectable provides   for the most accurate estimates of…

A: Allowance method It is a method for accounting bad debt expense, where uncollectible accounts…

Q: how to calculate vertical or horizontal analysis.

A:

Q: In performing horizontal analysis, why is it important to look at both the amount and the percentage…

A: Definition: Horizontal analysis: The comparison of an item of a financial statement of one year…

Q: Can we compute the IRR for each option without knowing the revenue figure? Why?

A: The internal rate of return (IRR) is a capital budgeting metric used to gauge the benefit of…

Q: The Current Ratio Although the current ratio can be useful, what does it not disclose or not take…

A: Accounting Ratios are financial ratios through which a company can analyze its performance in terms…

Q: Amounts of interest depend on lengths of time.Explain how?

A: Interest is also dependent on the base of the length of time A loan taken for a long period of time…

Q: It says to round it to two decimal places which I did and its still says its wrong? Is there…

A: Current Ratio=The current ratio compares all of a company's current assets to its current…

Q: Write an equation for determining the value of the series of end-of-period payments?

A: Formula:

Q: What is the Annual Equivalence Analysis?

A: The criteria for annual equivalent analysis provides a basis for computing the value of an…

Q: What are some possible financial decisions in which using the Number of Periods (NPER)  formula…

A: NPER is a financial formula or function of excel that signifies the length of term of an investment.…

Q: What is a break-even point and how is it calculated?

A: Break-even point: Break-even point is defined as a situation where a firm’s expenses and revenues…

Q: Do time lines deal only with years, or can other time periods be used?

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Q: What is difference between PERIODIC FIFO and PERPETUAL FIFO.

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A: Monetary transmission technique or the mechanism is referred to as the process through which the…

Q: What is aging of receivables?

A:

Q: How can we determine the amount of a periodic payment?

A: The amount of periodic payment is determined using the following formula: