The following data are the seasonally adjusted percent changes from the preceding month for the United States. November 2018 December 2018 Total PPI -0.1 -0.1 Core PPI +0.2 0.0 In December 2018, food and energy prices in the United States _____ from their November 2018 levels. Select one: A. remained unchanged B. decreased C. increased

The following data are the seasonally adjusted percent changes from the preceding month for the United States. November 2018 December 2018 Total PPI -0.1 -0.1 Core PPI +0.2 0.0 In December 2018, food and energy prices in the United States _____ from their November 2018 levels. Select one: A. remained unchanged B. decreased C. increased

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 3RE: Refer to RE22-2. Assume the pretax cumulative effect adjustment is 50,000. Prepare the journal entry...

See similar textbooks

Similar questions

Qw.02. Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable Sales Cost of goods sold Accounts receivable Numerator: 2024: 2023: Numerator: 2024 $ 463,414 234,107 22,522 2024: 2023: 2022: 2021: 2020: Is the trend percent for Net Sales favourable or unfavourable? Numerator: I 1 1 1 Trend Percent for Net Sales: 2023 $ 306,897 155,099 17,861 1 1 1 I 1 2022 2021 $ 249,510 $ 175,095 128,255 89,348 10,226 17,042 Trend Percent for Cost of Goods Sold: Denominator: 2024: 2023: 2022: 2021: 2020: Is the trend percent for Cost of Goods Sold favourable or unfavourable? 7 Denominator: 7 1 Trend Percent for Accounts Receivable: Denominator: 2022: 2021: 2020: Is the trend percent for Accounts Receivable favourable or unfavourable? = E # = S U = E = = 2020 $ 129,700 64,850 8,871 Trend percent Trend percent Trend percent 1% %6 % % % % 196 196 56…
Question 98 Using Financial Statements for 2020, average daily sales for the year 2020 is 1,452.05. TRUE OR FALSE?
The Korean manufacturing output per hour index is given for years 2014–2018 as follows: a. For each year from 2015 to 2018 determine the rate of increase in Korean manufacturing output per hour to two decimal places. b. Because this index, like inflation, is compounded from period to period (e.g., year to year), estimate the overall annual rate of increase in Korean manufacturing output per hour from 2015 to 2018. Suggestion! Do not simply average the rates of part (a).
Question 6 Anita Limited has shared their annual sales revenue over the last 6 financial years from 2015 to 2020. Year Sales ($ 000) 2015 4500 2016 5100 2017 4900 2018 5400 2019 5670 2020 6000 You are required to; Using linear trend equation forecast the sales revenue of Anita Limited for 2021. ANSWER: Calculate the forecasted sales difference if you use 3-period weighted moving average designed with the following weights: 2018 (0.1), 2019 (0.3) and 2020(0.6).
Calculate a base-weighted and current- weighted index. Years 1 is base and year 2 is current. Number of units bought Price paid per unit ($) Item 7. Year 1Year 2Year 1Year 2 A 121 141 $9 $10 B 149 163 $21 $23 C 173 182 $26 $27 D 194 103 $31 $33
26 Using the horizontal analysis, cost of sales at the end of 2018 and 2019 are ₱12,345,000 and ₱11,754,000. What is the percent of change? -4.79% -5.03% 4.79% 5.03%
Compute the breakeven point in sales dollars for the financial year ending 31 December 2022 under the following scenarios:(i) Using independent sales agents’ commission at 15%.(ii) Using independent sales agents’ commission at 20%.
Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable or unfavourable. 2024 2023 2022 2021 2020 Sales $ 521,076 $ 338,361 $ 275,090 $ 187,136 $ 137,600 Cost of goods sold 273,410 177,598 146,097 98,861 71,552 Accounts receivable 25,324 19,760 18,871 10,985 9,412
Size Premium Across Regions Year Month Global Market Developed Emerging Europe Japan Asia-Pacific Excluding Japan North America 2020 1 -1.2 -2.16 2.02 0.36 -1.37 -0.96 -2.66 2020 2 -8.54 -1.23 -0.05 0.29 -5.21 -2.53 -0.07 2020 3 -13.77 -3.29 -3.36 -4.22 1 -2.7 -8.07 2020 4 10.68 2.34 1.99 5.04 3.18 1.52 4.13 2020 5 5.3 2.65 1.27 1.21 3.66 6.68 3.13 2020 6 2.76 0.19 1.09 -1.2 0.76 -3.09 2.05 2020 7 4.34 -1.26 -0.78 2.69 -1.4 3.17 -2.32 2020 8 6.84 1.45 1.87 2.91 0.78 1.01 -0.87 2020 9 -3 2.39 0.5 0.85 5.11 3.08 0.79 2020 10 -2.6 1.22 -2.17 1.21 -1.38 -0.54 4.88 2020 11 13.34 0.67 1.03 0.3 -4.72 -2.25 5.23 2020 12 4.82 3.31 -1.79 4.66 -2 1.8 4.8 Question: Calculate the time-series average returns and standard deviations to the size premiums across the six regions/countries. You should also consider the reward to risk ratios calculated as premium divided by standard deviation.
Q5 On January 1, 2019 the Jindal Steel Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2019. Sales units: First quarter 15,000; second quarter 16,000; third quarter 17,000 Ending raw materials inventory 50% of the next quarter’s production requirements Ending finished goods inventory 30% of the next quarter’s expected sales units The ending raw materials and finished goods inventories at December 31, 2018, follow the same percentage relationships to production and sales that occur in 2019. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound. Instructions: (a) Prepare a production budget by quarters for the 6-month period ended June 30, 2019. (b) Prepare a direct materials budget for first quarters for the period ended on Mar.30th , 2019.
Using the following Quarterly Sales Demand Data; read and answer the questions listed below. Quarter # Actual Sales (dollars) 1 1416 2 1398 3 1274 4 1167 Calculate the average quarterly Seasonal Index value? (rounded to 2 decimal places). Calculate the total sales if there is a 35% total annual sales decrease next year? (rounded to the nearest whole number) Calculate the Seasonal Index value for Quarter 3? (rounded to 2 decimal places)
How does it change from year 1 to year 2? Answer: Real spending is 10 year-1 dollar in year 1, and 20 year-1 dollar in year 2. d. Defining the implicit price deflator as nominal spending divided by real spending, compute the deflator for each year. How does the deflator change from year 1 to year 2? Answer: The implicit price deflator is 1 in year 1, and 0.5 in year 2. Inflation is -50%. E. Suppose that Abby is equally happy eating red or green apples. How much has the true cost of living increased for Abby? Compare this answer to your answers to parts (a) and (d). What does this example tell you about Laspeyres and Paasche price indexes?