Horizontal analysis of financial statement: In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base. To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

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Answer 1

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Chapter 2, Problem 2.5MAD

(a)

To determine

Horizontal analysis of financial statement:

In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.

To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

(b)

To determine

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

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4. ABG produces and sells a single product at the price of 20 euros. During its first year of operation (20X7), the company had no initial stocks. The production cost of a product unit is as follows: Variable production cost of 8 euros per unit. Fixed production cost 9,600 euros. Also, the company has fixed sales expenses of 5,400 euros. In the first year of operation, the company had budgeted that it would produce and sell 3,200 units of product. In fact, during the period production and sales amounted to 3,200 units of product. Requested: To calculate the operating result of the company for the first year of its operation using absorption and marginal costing. Calculate the operating result of the company for the first year of its operation using absorption and marginal costing, assuming that sales for the period amounted to 2,700 units and 500 units remained as final inventory. What is the value of the final inventory of stocks with both costing techniques in this case?

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Answer 2

Question

Chapter 2, Problem 2.5MAD

(a)

To determine

Horizontal analysis of financial statement:

In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.

To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

(b)

To determine

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

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Answer 3

Question

Chapter 2, Problem 2.5MAD

(a)

To determine

Horizontal analysis of financial statement:

In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.

To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

(b)

To determine

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

Expert Solution & Answer

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Answer 4

Question

Chapter 2, Problem 2.5MAD

(a)

To determine

Horizontal analysis of financial statement:

In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.

To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

(b)

To determine

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

Expert Solution & Answer

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Answer 5

Chapter 2, Problem 2.5MAD

(a)

To determine

Horizontal analysis of financial statement:

In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.

To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

(b)

To determine

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

Answer 6

Chapter 2, Problem 2.5MAD

(a)

To determine

Horizontal analysis of financial statement:

In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.

To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

Answer 7

Chapter 2, Problem 2.5MAD

(a)

To determine

Horizontal analysis of financial statement:

In horizontal analysis of financial statement, the amount of each item of the current year financial statement is compared with the previous year financial statement. The amount of each item increased or decreased in the current financial statement, and its respective percentage can be computed by taking the earlier statement as the base.

To determine: The amount of change in millions, and the percentage of change from the year 1 to the year 2.

Answer 8

(b)

To determine

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

Answer 9

(b)

To determine

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

Answer 10

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Answer 11

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Answer 12

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Answer 13

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Solution Summary: The author compares the amount of each item in the current year financial statement with the previous year's financial statements.

To discuss: The conclusions drawn from the analysis of the revenue, and the operating expenses.

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