Financial Accounting
15th Edition
ISBN: 9781337272124
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Question
Chapter 5, Problem 5PEB
To determine
To prepare: Horizontal and vertical analysis of the segments.
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Students have asked these similar questions
Back Country Life, Inc., does business in two product segments, Camping and Fishing.
The following annual revenue information was determined from the accounting system's
invoice information:
20Y3
20Υ2
Camping
Fishing
$280,000
$240,000
140,000
160,000
$400,000
Total revenues
$420,000
Prepare horizontal and vertical analyses of the segments. Round to one decimal place.
Bleeker Street Bounty
Work Sheet (partial)
For the year ended December 31, 20--
Account Title
Income Statement
Balance Sheet
'Debit
Credit
Debit
Credit
Cash
12,300
Accounts Receivable
25,000
Merchandise Inventory
16,000
Store Supplies
1,100
Office Supplies
600
Prepaid Insurance
1,500
Store Equipment
66,000
Accumulated Depreciation-Store Equipment
38,000
Office Equipment
18,000
Accumulated Depreciation-Office Equipment
10,000
Accounts Payable
22,300
Salaries Payable
400
Long-Term Notes Payable
36,000
Carlo Perez, Capital
50,600
Carlo Perez, Drawing
32,000
Income Summary
17,000
16,000
Sales
61,500
Sales Returns and Allowances
500
Purchases
23,000
700
Purchases Returns and Allowances
Waller Company does business in two regional segments: North and South. The following annual revenue information was determined from the accounting system's
invoice data:
Current Year
Prior Year
Segment
North
South
$ 80,000
260,000
$100,000
200,000
Total revenues
$340,000
$300,000
Using horizontal analysis, determine the percentage change in revenues for the North region.
Round to one decimal place.
Oa. (20.0)%
Ob. (22.4)%
Oc. 22.4%
Od. 20.0%
Chapter 5 Solutions
Financial Accounting
Ch. 5 - Why would a company maintain separate accounts...Ch. 5 - What are the major advantages of the use of...Ch. 5 - In recording 400 fees earned on account during a...Ch. 5 - How many postings to Fees Earned for the month...Ch. 5 - During the current month, the following errors...Ch. 5 - Assuming the use of a two-column general journal,...Ch. 5 - What is an electronic form, and how is it used in...Ch. 5 - When are transactions posted in a computerized...Ch. 5 - What happens to the special journal in a...Ch. 5 - Prob. 10DQ
Ch. 5 - The following revenue transactions occurred during...Ch. 5 - Prob. 1PEBCh. 5 - The debits and credits from two transactions are...Ch. 5 - The debits and credits from two transactions are...Ch. 5 - The following purchase transactions occurred...Ch. 5 - The following purchase transactions occurred...Ch. 5 - The debits and credits from two transactions are...Ch. 5 - Prob. 4PEBCh. 5 - McHale Company does business in two customer...Ch. 5 - Prob. 5PEBCh. 5 - Using the following revenue journal for Bowman...Ch. 5 - Based on the data presented in Exercise 5-1,...Ch. 5 - Assuming the use of a two-column (all-purpose)...Ch. 5 - Assuming the use of a two-column (all-purpose)...Ch. 5 - The debits and credits from three related...Ch. 5 - Horizon Consulting Company had the following...Ch. 5 - The revenue journal for Sapling Consulting Inc....Ch. 5 - Prob. 8ECh. 5 - Transactions related to revenue and cash receipts...Ch. 5 - Lasting Summer Inc. has 2,510 in the October 1...Ch. 5 - Using the following purchases journal, identify...Ch. 5 - Prob. 12ECh. 5 - Prob. 13ECh. 5 - Guardian Services Inc. had the following...Ch. 5 - Prob. 15ECh. 5 - The cash payments and purchases journals for...Ch. 5 - Transactions related to purchases and cash...Ch. 5 - Happy Tails Inc. has a September 1, 20Y4, accounts...Ch. 5 - After Bunker Hill Assay Services Inc. had...Ch. 5 - Prob. 20ECh. 5 - Prob. 21ECh. 5 - Most computerized accounting systems use...Ch. 5 - Prob. 23ECh. 5 - For each of the following companies, determine...Ch. 5 - Prob. 25ECh. 5 - Prob. 26ECh. 5 - Prob. 27ECh. 5 - Sage Learning Centers was established on July 20...Ch. 5 - Transactions related to revenue and cash receipts...Ch. 5 - Sterling Forest Landscaping designs and installs...Ch. 5 - Prob. 4PACh. 5 - The transactions completed by Revere Courier...Ch. 5 - Guardian Security Services was established on...Ch. 5 - Transactions related to revenue and cash receipts...Ch. 5 - Plumb Line Surveyors provides survey work for...Ch. 5 - Prob. 4PBCh. 5 - The transactions completed by AM Express Company...Ch. 5 - Ethics in Action Netbooks Inc. provides accounting...Ch. 5 - Prob. 3CPCh. 5 - The following conversation took place between...Ch. 5 - A subsidiary ledger is used for accounts...Ch. 5 - For the past few years, your client, Omni Care,...
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