Exercise 17-3 Computing and interpreting trend percents LO P1201920152017$ 485,044 S 319,108 $ 248,333 S 175,500 $ 135,000122,70020182016SalesCost of goods soldAccounts receivable235,32123,573154,72218,73285,99010,28464,8009.27516,986Compute trend percents for the above accounts, using 2015 as the base year.Trend Percent for Net Sales:Choose Numerator:Choose Denominator:Trend percent%3D2019:2018:%3D2017:%3D2016%%3DTrend Percent for Cost of Goods Sold:Choose Numerator:| Choose Denominator:Trend percent2019:%3!2018:%3D2017:2016:Trend Percent for Accounts Receivables:Choose Numerator:I Choose Denominator:Trend percent2019:%%3D2018:%2017:%3D%2016:%3D%rov. 03 24 2020 OC_CS-205360ReferencesExercise 17-3 Computingand interpreting trendpercents LO P1Expanded tablezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singleQuestionNo=4.&postSubmissionView=13252713870286193&wid=1325271438... 1

Name: Exercise 17-3 Computing and interpreting trend percents LO P120192015
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Exercise 17-3 Computing and interpreting trend percents LO P1201920152017$ 485,044 S 319,108 $ 248,333 S 175,500 $ 135,000122,70020182016SalesCost of goods soldAccounts receivable235,32123,573154,72218,73285,99010,28464,8009.27516,986Compute trend p

Trend analysis is used to analyze the trend on the basis of the base year. The management can make…

Business

Accounting

2019 2015 2017 $ 485,044 S 319,108 $ 248.333 S 175,500 $ 135,000 122,700 16,986 2018 2016 Sales Cost of goods sold Accounts receivable 235,321 85,990 10,284 64,800 9,275 154,722 23,573 18,732 Compute trend percents for the above accounts, using 2015 as the base year. Irend Percent for Net Sales: Choose Numerator: Choose Denominator: Trend percent 2019: %3! 2018: %3D 2017: %3D 2016: Trend Percent for Cost of Goods Sold: Choose Numerator: I Choose Denominator: %3D Trend percent 2019: 2018: %3D 2017: %3D 2016: %3D Trend Percent for Accounts Receivables: Choose Numerator: I Choose Denominator: Trend percent 2019: %3D 2018: %3! 2017: 2016: %%一% I II

2019 2015 2017 $ 485,044 S 319,108 $ 248.333 S 175,500 $ 135,000 122,700 16,986 2018 2016 Sales Cost of goods sold Accounts receivable 235,321 85,990 10,284 64,800 9,275 154,722 23,573 18,732 Compute trend percents for the above accounts, using 2015 as the base year. Irend Percent for Net Sales: Choose Numerator: Choose Denominator: Trend percent 2019: %3! 2018: %3D 2017: %3D 2016: Trend Percent for Cost of Goods Sold: Choose Numerator: I Choose Denominator: %3D Trend percent 2019: 2018: %3D 2017: %3D 2016: %3D Trend Percent for Accounts Receivables: Choose Numerator: I Choose Denominator: Trend percent 2019: %3D 2018: %3! 2017: 2016: %%一% I II

Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter6: Inventories

Section: Chapter Questions

Problem 6.6BPR: Lower-of-cost-or-market inventory Data on the physical inventory of Katus Products Co. as of...

See similar textbooks

Similar questions

Problem 13-02A (Video) The comparative statements of Cullumber Company are presented here: Cullumber CompanyIncome StatementsFor the Years Ended December 31 2020 2019 Net sales $1,891,640 $1,751,600 Cost of goods sold 1,059,640 1,007,100 Gross profit 832,000 744,500 Selling and administrative expenses 501,100 480,100 Income from operations 330,900 264,400 Other expenses and losses Interest expense 23,700 21,700 Income before income taxes 307,200 242,700 Income tax expense 93,700 74,700 Net income $213,500 $168,000 Cullumber CompanyBalance SheetsDecember 31 Assets 2020 2019 Current assets Cash $60,100 $64,200 Debt investments (short-term) 74,000 50,000 Accounts receivable 118,900 103,900 Inventory 127,700 117,200 Total current assets 380,700 335,300 Plant assets (net)…
Inventory (01/10/18)Raw materials 28800Work in progress 37000Finished goods 33600Sales (114000 @c5) 57000Carriage on raw materials 1470General expenses 25200Selling expenses 51840Plant and machinery 250280Land 50000Bank overdraft 32120Retained earnings 816Ordinary share capital 2000008% preference share 22000Goodwill 40000Bad debts 830Trade receivables 36433Discount allowed 1440Sundry payable 56636Trade investment 8840Advertising 2250Return inwards 9000Discount received 1920Carriage outwards 2280Production wages 126000Office salaries 4860Purchases of raw materials 168000Noodles 15000Factory rent 13600Office insurance 40800Depreciation on plant and machinery 4920InventoryRaw materials 35400Work in progress 39120Loose tools 3000Additional informationDuring the year, 129000 pieces were completed. The closing inventory of finished goods is valued at the cost price per nose mask produced.Goods manufactured during the year are to be transferred to the trading account at GHc 390000.Provide…
D1 Retention: 50%, D7 Retention: %20, D30 Retention: 8% Interstitial Impressions per DAU: 4, Rewarded Impressions per DAU: 2 Interstitials eCPM: $30, Rewarded eCPM: $50 1) What is day 7 ARPU? 2) How would you estimate d30 ARPU?
pvn.4 The following information pertains to inventory for a company:March 1Beginning inventory = 32 units @ $5.60March 3Purchased 21 units @ 4.30March 9Sold 29 units @ 8.10What is the cost of goods sold, assuming the company uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
chapter 7 9. Calculate the maintained markup percent. Present your answer with a percent sign, rounded to two decimal places (i.e. 19.64%). (HINT: Page 196) NOTE. There are four questions associated with this data. You will ultimately complete a complete RIM exercise. Cost ($) Retail ($) Opening inventory 130,410 201,543 Gross purchases 418,390 884,916 Returns to vendors 1,726 3,514 Cash discounts 2,040 Alteration costs 1,620 Freight 1,690 Gross Sales 806,430 Customer returns 60,340 Markdowns 120,630 Markdown cancellations 3,048 Additional markup 360 Employee discounts 1,010 Closing physical inventory 212,803
Lower-of-cost-or-market inventory Data on the physical inventory of Katus Products Co. as of December 31 follows: Description Inventory Quantity Market Value per Unit (Net Realizable Value) A54 37 56 C77 24 178 F66 30 132 H83 21 545 K12 375 5 Q58 90 18 S36 8 235 V97 140 20 Y88 17 744 Quantity and cost data from the last purchases invoice of the year and the next-to-the-last purchases invoice are summarized as follows: Description Last Purchases Invoice Next-to-the-Last Purchases Invoice Quantity Purchased Unit Cost Quantity Purchased Unit Cost A54 30 60 40 58 C77 25 174 15 180 F66 20 130 15 128 H83 6 547 15 540 K12 500 6 500 7 Q58 75 25 80 26 S36 5 256 4 260 V97 100 17 115 16 Y88 10 750 8 740 Instructions Determine the inventory at cost and also at the lower of cost or market, using the first-in, first-out method. Record the appropriate unit costs on the inventory sheet, and complete the pricing of the inventory. When there are two different unit costs applicable to an item, proceed as follows: 1. Draw a line through the quantity, and insert the quantity and unit cost of the last purchase. 2. On the following line, insert the quantity and unit cost of the next-to-the-last purchase. 3. Total the cost and market columns and insert the lower of the two totals in the LCM column. The first item on the inventory sheet has been completed as an example. Inventory Sheet December 31 Description Unit Inventory Quantity Cost per Unit Market Value per Unit(Net Realizable Value) Total Cost Market LCM A54 37 30 60 56 1,800 1,680 7 58 56 406 392 2,206 2,072 2,072
EX 17-11 INVENTORY ANALYSIS THE FOLLOWING DATA WERE EXTRACTED FROM THE INCOME STATEMENT OF SALEH INC; CURRENT YEAR PRECEDING YEAR SALES 12,750,000 13,284,000 BEGINNING INVENTORIES 840,000 800,000 COGS 6,375,000 7,380,000 ENDING INVENTORIES 860,000 840,000 DETERMINE FOR EACH YEAR (1) THE INVENTORY TURNOVER AND (2) THE NUMBER OF DAYS' SALES IN INVENTORY. ROUND TO THE NEAREST DOLLAR AND ONE DECIMAL POINT.