Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. help 2021 2020 2019 2018 2017 sales $ 454,905

help 2021 2020 2019 2018 2017 Sales $ 454,905 $...

60.1K

Verified Solution

Question

Accounting

help
image
image
2021 2020 2019 2018 2017 Sales $ 454,905 $ 295,393 5 243,122 $ 167,670 $ 121,500 Cost of goods sold 234,602 152,400 127.242 87,112 61,965 Accounts receivable 21,972 17,192 16,605 9,809 8.298 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. Numerator: Trend Percent for Not Sales: Denominator: 2021: 1 2020: 1 2019: 1 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? Trend percent 0 % OS 0 % OS 0% Trond Percent for Cost of Goods Sold: Numerator: 1 Denominator: 1 2021: / 2020: 2019: 2018: 1 2017: 1 Is the trend percent for Cost of Goods Sold favorable or unfavorable? Trend percent O 0 % 0 % 0 0 % Trend Percent for Accounts Receivable: Denominator: Numerator: 2021 2020 2019: 2018: 2017: Is the trend percent for Accounts Receivable favorable or unfavorable? Trend percent OS OS OS

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

A ________ is a normal defense mechanism meant to combat pathogen infection in a variety of...

Biology
Q

QUESTION 21 Listed below are seven errors or problems that might occur in the processing of cash...

Accounting
Q

I have three tubes A B and C with billions of copies of a linear...

Biology
Q

QUESTION 11 You have discovered a single sequence of the complemen CCT

Biology
Q

The work function of a substance is 4 0 eV The longest wavelength of light...

Physics
Q

60 A short bar magnet placed in a horizontal plane has its axis aligned along...

Physics
Q

Suppose that you decide to borrow 16 000 for a new car You can select...

Algebra
Q

Project A requires a $280,000 initial investment for new machinery with a five-year life and...

Accounting
Q

list and discuss the pros and cons of using historical-based budgeting? Why type of companies...

Accounting
Q

Austin Enterprises makes and sells three types of dress shirts. Management is trying to determine...

Accounting
Q

Which is not a required element of a contract? Agreement Capacity Lawful Object Duty

Accounting
Q

What would be the tax liability for a single taxpayer who has a gross income...

Finance