Business, 04.12.2020 17:20 genesis0523

20192018201720162015 Sales$656,856$432,142$358,624$243,1 35$180,100 Cost of goods sold 337,397 222,192 186,298 125,649 91,851 Accounts receivable 31,726 25,194 24,602 14,199 12,355 Compute trend percents for the above accounts, using 2015 as the base year.\

Answers: 1

Show answers

Answers

Answer from: Luis2737

Trend Percent for Net Sales :

2016 = 135.00 %

2017 =199.00%

2018 = 239.9 %

2019 = 364.7 %

Trend Percent for Cost of goods sold :

2016 = 136.7 %

2017 = 202.8 %

2018 = 241.9 %

2019 = 367.33 %

Trend Percent for Accounts receivable :

2016 = 114.9 %

2017 = 199.00 %

2018 = 203.9 %

2019 = 256.7 %

Explanation:

2019 2018 2017 2016 2015

Sales $656,856 $432,142 $358,624 $243,135 $180,100

Cost of goods sold 337,397 222,192 186,298 125,649 91,851 Accounts receivable 31,726 25,194 24,602 14,199 12,355

Trend Percent for Net Sales :

2016 Current Year Sales/ Base year Sales = $243,135 /$180,100

= 135.00 %

2017 Current Year Sales/ Base year Sales = $358,624 /$180,100 = 199.00%

2018 Current Year Sales/ Base year Sales =$432,142 / $180,100

= 239.9 %

2019 Current Year Sales/ Base year Sales = $656,856 /$180,100

= 364.7 %

Trend Percent for Cost of goods sold :

2016 Current Year CGS/ Base year CGS = $125,649 /91,851 = 136.7 %

2017 Current Year CGS/ Base year CGS = $ 186,298 /91,851 = 202.8 %

2018 Current Year CGS/ Base year CGS =$ 222,192/ 91,851 = 241.9 %

2019 Current Year CGS/ Base year CGS= $337,397 /91,851 = 367.33 %

Trend Percent for Accounts receivable :

2016 Current Year A/R/ Base year A/R = $14,199 /12,355 = 114.9 %

2017 Current Year A/R/ Base year A/R= $ 24,602 /12,355= 199.00 %

2018 Current Year A/R/ Base year A/R=$ 25,194 / 12,355 = 203.9 %

2019 Current Year A/R/ Base year A/R = $31,726 /12,355 = 256.7 %

Answer from: Quest

you get a crown by getting lots of points and you get points by answering other peoples questions

Answer from: Quest

answer///a road map;

Another question on Business

Business, 22.06.2019 11:00

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Answers: 3

Answer

Business, 22.06.2019 11:40

You are a manager at asda. you have been given the demand data for the past 10 weeks for swim rings for children. you decide to run multiple types of forecasting methods on the data to see which gives you the best forecast. if you were to use exponential smoothing with alpha =.8, what would be your forecast for week 22? (the forecast for week 21 was 1277.) week demand 12 1317 13 1307 14 1261 15 1258 16 1267 17 1256 18 1268 19 1277 20 1277 21 1297

Answers: 3

Answer

Business, 22.06.2019 13:40

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

Answers: 2

Answer

Business, 22.06.2019 19:40

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35

Answers: 2

Answer

You know the right answer?

20192018201720162015 Sales$656,856$432,142$358,624$243,1 35$180,100 Cost of goods sold 337,397 222,1...

Questions