Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 13-3 (algo) computing and analyzing trend

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold...

80.2K

Verified Solution

Question

Accounting

image

Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable 2021 $ 598,456 301,778 29,085 2020 $ 393,721 198, 611 22,915 2019 $ 312,477 159,689 21,373 2018 $ 220,832 112,416 12,875 2017 $ 164,800 82,400 11,272 Compute trend percents for the above accounts, using 2017 as the base year. Trend Percent for Net Sales: 1 Denominator: Numerator: Trend percent 1 1 2021: % 2020: 1 % 2019: / % / % 2018: 2017: 1 % Trend Percent for Cost of Goods Sold: 1 Denominator: Numerator: / Trend percent 1 % 2021: 2020: 2019: 1 = % 1 % 2018: 1 % 2017: 1 % Trend Percent for Accounts Receivables: 1 Denominator: Numerator: 1 Trend percent 2021: / % 2020: 1 % 1 = % 2019: 2018: 2017: 11111111 1 % 1 %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

________ is a condition characterized by high blood pressure and protein in the urine of a...

Medical Sciences
Q

A solenoid having 200 turns of length 2m carries a current of 5 A The...

Physics
Q

In the figure shown ground smooth whereas surface between 3 kg block and 2 kg...

Physics
Q

A ball was thrown upward into the air. The height, in feet, of the ball...

Basic Math
Q

The following plot is a sampling distribution for the average Hollywood Movie Budget from the...

Statistics
Q

Which expression OOC A B C D is equal to 9x 15 6x 15 9x...

Algebra
Q

At calendar year end, Logan Corporation had total stockholders' equity of $10,000,000. The calendar year...

Accounting
Q

Stone Company produces carrying cases for CDs. It has compiled the following information for the...

Accounting
Q

Lydia had the following income items in 2020: Salary $75,000 Prize from quiz show 25,000...

Accounting
Q

Required information Exercise 6-21(Algo) Complete the accounting cycle using inventory transactions (LO6-2,6-3,6-5,6-6,6- ...

Accounting
Q

3-1 Assuming that the data given below is information in the learning curve for an...

Finance
Q

Chen wants to know which of the benefits to be paid out to his beneficiaries...

Finance