Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage. Formula: Percentage Change = 100 × Later Period Amount − Base Period Amount Base Period Amount (a) 1. To compute: The percentage increase / decrease in net sales and net income.

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Answer 1

Question

Chapter 14, Problem 14.3BYP

(a.1)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

(a)

1.

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2011.

b)

To determine

Conclusion about the companies

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The GNR Manufacturing Co. recorded overhead costs of $21,500 at an activity level of 5,000 machine hours and $8,000 at 2,500 machine hours. The records also indicated that overhead of $10,000 was incurred at 4,200 machine hours. Using the high-low method to estimate the cost equation, determine the variable cost per machine hour.

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Answer 2

Question

Chapter 14, Problem 14.3BYP

(a.1)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

(a)

1.

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2011.

b)

To determine

Conclusion about the companies

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 14, Problem 14.3BYP

(a.1)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

(a)

1.

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2011.

b)

To determine

Conclusion about the companies

Expert Solution & Answer

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Answer 4

Question

Chapter 14, Problem 14.3BYP

(a.1)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

(a)

1.

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2011.

b)

To determine

Conclusion about the companies

Expert Solution & Answer

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Answer 5

Chapter 14, Problem 14.3BYP

(a.1)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

(a)

1.

To compute: The percentage increase / decrease in net sales and net income.

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

3.

To determine

The basic earnings per share for 2011.

b)

To determine

Conclusion about the companies

Answer 6

Chapter 14, Problem 14.3BYP

(a.1)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

(a)

1.

To compute: The percentage increase / decrease in net sales and net income.

Answer 7

Chapter 14, Problem 14.3BYP

(a.1)

To determine

Horizontal Analysis: Horizontal analysis is prepared to make comparison between the financial statements to determine the changes in the financial statements for the previous year to the current year. The changes of the company are measured in dollars as well as in percentage.

Formula:

Percentage Change=100×Later Period Amount −Base Period AmountBase Period Amount

(a)

1.

To compute: The percentage increase / decrease in net sales and net income.

Answer 8

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

Answer 9

2.

To determine

To compute: The percentage increase / decrease in net sales and net income.

Answer 10

3.

To determine

The basic earnings per share for 2011.

Answer 11

3.

To determine

The basic earnings per share for 2011.

Answer 12

b)

To determine

Conclusion about the companies

Answer 13

b)

To determine

Conclusion about the companies

Answer 14

Expert Solution & Answer

Answer 15

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Answer 16

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Answer 17

Ch. 14 - Prob. 1Q Ch. 14 - 2. Distinguish among the following bases of...Ch. 14 - Prob. 3Q Ch. 14 - 4. (a) If Peoples Company had net income of...Ch. 14 - 5. What is a ratio? What are the different ways of...Ch. 14 - 11. Name the mayor ratios useful in assessing (a)...Ch. 14 - Prob. 7Q Ch. 14 - 8. What do the following classes of ratios...Ch. 14 - 9. What is the difference between the current...Ch. 14 - Prob. 10Q

Concept explainers

To compute: The percentage increase / decrease in net sales and net income.

The basic earnings per share for 2011.

Conclusion about the companies

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Chapter 14 Solutions