Showing posts with label accounts. Show all posts
Showing posts with label accounts. Show all posts

Saturday, 25 February 2017

Compute the annual dollar changes and percent changes for each of the following accounts

Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal place.)
 
 
 20152014
  Short-term investments $377,232  $236,026 
  Accounts receivable  99,828   103,326 
  Notes payable  0   90,624 






The following information for Tide Corporation:
  
  ($ thousands)20152014
  Net sales $803,338  $454,951 
  Cost of goods sold  394,621   135,683 

   
 
Determine the 2014 and 2015 common-size percents for cost of goods sold using net sales as the base. (Enter your answers in thousands.)

Thursday, 23 February 2017

Barga Co. reported net sales for 2014 and 2015 of $665,000 and $741,000, respectively

Barga Co. reported net sales for 2014 and 2015 of $665,000 and $741,000, respectively. Its year-end balances of accounts receivable follow: December 31, 2014, $58,000; and December 31, 2015, $89,000.

(a)
Complete the below table to calculate the days' sales uncollected at the end of each year. (Do not round intermediate calculations and round your "Days' Sales Uncollected" answer to 1 decimal place.)



 
Explanation: