Chapter 8, Problem 8.18E

Sales Cost of goods sold Accounts receivable 2021 $ 611,353 302,063 29,467 2020 $ 399,577 197,543 23,375 2019 $ 313,394 156,763 21,499 2018 $ 213,921 105,871 12,557 2017 $ 153,900 75,411 10,511 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.

please explain how they get these answers?

Which of the following recording procedures would result in the highest of goods sold for 2020?               1. Recording purchase at gross amounts                                                                                                                                     2. Recording purchases at net amounts, with the amount of discounts not take shown under "other expenses" in the income statement. A) 1 B) 2 C) Either 1 or 2 will result in the same cost of goods sold D) Cannot be determined from the information provided