In vertical analysis of the income statement, we usually express each income statement item as a percentage of:
Answers
Answer:
sales revenue
Explanation:
Under the vertical analysis for income statement of a firm, every line item is usually expressed as a percentage of sales revenue. Thus, one can get idea about the percentage of sales for every item such as cost of goods sold, selling and administrative expenses, gross profit, operating profit and net profit.
In vertical analysis of the income statement, we usually express each income statement item as a percentage of net sales or net revenue. Vertical analysis, also known as common-size analysis, is a financial analysis method that compares various components of an income statement relative to a primary financial statement line item.
To conduct a vertical analysis of the income statement, you would follow these steps:
1. Obtain the income statement for the period you want to analyze.
2. Identify net sales or net revenue as the primary line item for comparison. This is typically the first line item on the income statement and represents the total revenue generated during the period, excluding any discounts or returns.
3. Calculate the percentage of each income statement item relative to net sales or net revenue. To do this, divide the amount of each line item by the net sales or net revenue and multiply the result by 100. This will give you the percentage for each line item.
4. Record the percentages for each income statement item alongside their respective dollar amounts. This will allow you to compare the proportional relationships between line items easily.
By expressing each income statement item as a percentage of net sales or net revenue, you can quickly identify trends and variations in a company's financial performance. This method makes it easier to compare financial statements of companies with differing sizes or to analyze a company's performance over time. In summary, vertical analysis of the income statement involves calculating the percentage of each line item relative to net sales or net revenue, providing insights into a company's financial health and performance.
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Related Questions
mariana is going to invest $6,200 and leave it in an account for 9 years. assuming the interest is compounded monthly, what interest rate, to the nearest tenth of a percent, would be required in order for mariana to end up with $7,400?
Answers
Answer: 2.0%
Explanation:
what benefits and limitations of businesses specializing in the prodution and supply of just one type of good
Answers
Answer:
Limited market: If the demand for the product decreases or the market becomes saturated, the business may struggle to sell its products.
Dependence on a single product: If something goes wrong with the production of the product, the business may struggle to continue operating.
Lack of diversification: Specializing in just one product means that the business is not diversified and may be more vulnerable to market fluctuations.
Hello,
I hope you and your family are doing well!
The benefits of specializing in the production and supply of just one type of good include achieving economies of scale, developing expertise in a specific market, and reducing costs. Limitations include limited market opportunities, dependence on a single product, and difficulty diversifying.
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Happy Holidays!
An increase in government spending is more likely to lead to higher inflation when?
Answers
An increase in government spending is more likely to lead to higher inflation when there is excess demand in the economy.
This can happen when the increase in government spending is not accompanied by an increase in the supply of goods and services. In such a situation, the increased demand for goods and services will drive up prices, resulting in higher inflation.
To summarize, an increase in government spending is more likely to lead to higher inflation when there is excess demand in the economy and the supply of goods and services does not increase proportionately.
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An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways for the state in the vicinity of the investor's land and needed a supply of asphalt. The investor executed a document that, in return for a payment of $1 per barrel, gave the company the right to enter on the land and take asphalt in whatever quantities the company desired. The investor reserved the right to remove asphalt herself and to grant this right to others. Last year, the state commenced an action in eminent domain to take the investor's land for a public park. Is the construction company entitled to compensation
Answers
Answer: Yes
Explanation:
The construction company is entitled to compensation because it has a property right to enter and remove minerals.
The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.
Max has a net spendable income of $1,700 per month. He has a new job and is looking for a new car. Max is trying to develop a budget for himself. Look at the following budget he has created. Which category should he adjust?
Percent Amount Budgeted Amount Spent Amount Over/Under Budget
Net Spendable Income 100% 1700
1. Housing (30% - 36%) 600
a. Mortgage (rent)
b. Taxes
c. Insurance
d. Electricity
e. Gas
f. Water
g. Telephone
h. Sanitation
i. Other
2. Food (12% - 17%) 320
3. Transportation (15% - 20%) 300
a. Car Payments
b. Gas/Oil
c. Insurance
d. License/Registration
e. Taxes
f. Maintenance/Repair
4. Insurance (3% - 7%)
a. Life
b. Medical
5. Debts (5% - 6%) 150
6. Entertainment (5% - 8%)
7. Clothing (5% - 6%)
8. Savings 5%
9. Medical Expenses (4% - 8%)
a. Doctor
b. Dental
c. Prescriptions
10. Miscellaneous (5% - 10%)
a. Toiletries
b. Beauty/Barber
c. Laundry/Clothing
d. Subscriptions
TOTALS:
A. transportation
B. debts
C. housing
D. food
Answers
Answer:
the answer is 3
Explanation:
4
Answer: food
Max’s food budget is higher than it should be. He should look at finding ways to save money there. While the amount of money spent dealing with debts is higher than it ought to be, Max cannot lower these payments.
Explanation:
From Plato
What are the Human Resources Teasha needed to open her business?
Answers
The human resources that will be required by Teasha to open her business include a receptionist, cashier, and salesperson.
From the information given, Teasha has graduated from school and wants to open her own business. She has experience working in a gift store and wants to have her own gift store too.
Therefore, she'll need a receptionist, a cashier, and a salesperson. The receptionist will welcome customers and answer phone calls from clients.
The cashier will help with issuing and receiving payments. Lastly, the salesperson will be responsible for helping the customers find items in the store and increasing sales.
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what are the equivalent units for conversion costs for the month in the first processing department?
Answers
The equivalent units for conversion costs for the month in the first processing department are the units that have completed the processing in terms of conversion costs.
In a manufacturing process, conversion costs refer to the direct labor and manufacturing overhead costs incurred to convert raw materials into finished products. Equivalent units are used to measure the work done during a period in terms of completed units. To calculate the equivalent units for conversion costs in the first processing department, we need to consider the units that are partially completed (in process) and those that are fully completed (finished goods). Partially completed units have incurred some conversion costs but are not yet finished.
The equivalent units for conversion costs can be determined by multiplying the number of partially completed units by the percentage of completion and adding it to the number of fully completed units. This calculation takes into account the work done on both partially completed and fully completed units, giving us the total equivalent units for conversion costs for the month in the first processing department. By determining the equivalent units for conversion costs, companies can accurately allocate and track the costs associated with the manufacturing process and evaluate the efficiency of the department's operations.
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Which of the following choices is an example of an installment loan?
a fixed rate home loan
a variable rate credit card
a mutual fund
a utility bill
Capital, such as a car or home, is often used to secure a loan.
True
False
Answers
2. True
A downward sloping demand curve can be explained by i. diminishing marginal utility. ii. diminishing marginal returns. iii. the substitution effect. iv. the income effect.
Answers
A downward sloping demand curve can be explained by i. diminishing marginal utility, iii. the substitution effect, and iv. the income effect.
A downward sloping demand curve can be explained by i. diminishing marginal utility, iii. the substitution effect, and iv. the income effect.
1. Diminishing marginal utility: This refers to the idea that as a consumer consumes more of a good, the additional satisfaction (or utility) they gain from each additional unit decreases. This causes the demand curve to slope downward because consumers are less willing to pay a high price for additional units of the good.
2. Substitution effect: As the price of a good increases, consumers may choose to substitute it with other similar goods that are relatively less expensive. This causes the demand curve to slope downward because an increase in price results in a decrease in the quantity demanded as consumers switch to alternative products.
3. Income effect: When the price of a good decreases, consumers' real income effectively increases (since they can now purchase more of the good with the same amount of money). As a result, consumers may choose to buy more of the good, causing the demand curve to slope downward as lower prices lead to an increase in the quantity demanded.
Note that option ii. diminishing marginal returns is not relevant to the demand curve, as it refers to the production side of the economy (i.e., how output changes as additional units of input are used in production).
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Who are the communicators between employees and managers? * a. Supervisors b. Shift managers c. Department managers d. General managers
Answers
The communicators between employees and managers is the supervisors as they work to for both side. The Option A is correct.
What is the role of a communicator in a company?Mainly, business communication is communication that is intended to help a company achieve a fundamental goal by sharing information among employees and people outside the company.
An effective communicator in business seeks to unite the audience by using ideas and language that are appropriate for all readers or listeners of the message. Emotions and logic both influence people. The ethical communicator will be enthusiastic and passionate without being disrespectful.
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Feminist relational-cultural theory emphasizes the role of ___________ as an vital and essential context for the optimal development of one's identity and self-concept.
Answers
Feminist relational-cultural theory emphasizes the role of relationships as a vital and essential context for the optimal development of one's identity and self-concept.
This perspective asserts that human beings grow and thrive through connections with others, and that our sense of self is formed within the context of interpersonal interactions. It challenges traditional views of individualism and autonomy, asserting that individuals are inherently interconnected and interdependent. By promoting empathy, mutual empowerment, and authentic communication, relational-cultural theory fosters a more equitable and supportive environment for all individuals, regardless of gender.
This approach seeks to address and dismantle oppressive social structures, recognizing the importance of fostering diverse and inclusive relationships for the well-being and development of every person.
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A ledger account is divided into. *
2 points
2 parts
3 parts
4 parts
5 parts
14 parts
Which of the following transactions involves contra entry? *
2 points
Bank charges
Cash sales paid into the bank
Paid cash into the bank
Withdrew cash from the bank for private use
Putting it in one's pocket
The main book of account is the *
2 points
petty cash book
journal
purchases book
ledger
none of the options
The following keys are found in both the computer and typewriter except *
2 points
back space
delete key
home row keys
space bar
number lock key
Which of the following analyses cash expenses into various sub-heads? *
2 points
Double column cash book
Multiple cash book
Petty cash book
Single column cash book
Quadruple column cash book
“Continue with the preceding one” is represented with which of these symbol signs in manuscript? *
2 points
L. c
B. U. c
insert
Run on
go away
How many columns has the simplest form of a ledger? *
2 points
2
4
6
8
12
When typing a document in a hanging paragraph, the second and subsequent lines are type in how many space/s to the right of the first line? *
2 points
One
Two
Three
Five
Four
A memorandum should not contain *
2 points
date and reference
date and subject
salutation and address
name and date
subject, date and reference
The source document that is used to prepare the petty cash book is called *
2 points
invoice
debit note
receipt
petty cash voucher
cash booklet
Answers
Answer:
1) 2 parts
2) withdrew cash from Bank for personal reasons
3) ledger
4) delete key
5) petty cash book
6) run on
7) 4
8)three
9) date and subject
10) receipt
a society that depends on mechanization to produce its goods and services is called a(n)
Answers
A society that depends on mechanization to produce its goods and services is called an industrial society.
Industrial societies are societies where mechanization is the primary means of production. This means that they rely heavily on machines to produce goods and services, as opposed to relying on manual labor or traditional techniques. Industrial societies are characterized by a high level of technological advances, such as automation and robotics, and a large degree of specialization in labor.
Industrial societies are also often characterized by a high level of economic inequality, as the majority of the wealth is concentrated in the hands of a few. Additionally, industrial societies are often characterized by high levels of pollution and environmental degradation.
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What is the ultimate goal of data analytics?
Answers
The primary goal of a data analyst is to increase efficiency and improve performance by discovering patterns in data.
The graphical depiction of data and information is the focus of the interdisciplinary topic of data and information visualization. When the data or information is plentiful, such as a time series, it is an especially effective technique for conveying.Data visualization is the graphical display of various kinds of information or data using visual components like charts, graphs, or maps. Data trends, anomalies, and patterns can be easily and intuitively seen and understood with the aid of data visualization tools.To know, more about Data here
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Why is it important to develop an idea of your potential career cluster now?
Answers
Answer:
It is important for you to get a idea what you would to be in because it is going to help you understand your purpose in life. It is going to help you choose the right college for you.
Explanation:
consider service processes. they usually have a) output that can be inventoried.b) physical, durable output.c) shorter response times.d) low levels of customer contact.
Answers
In the context of service processes, the statement "they usually have" suggests that we are discussing general characteristics or trends rather than absolute rules. Option B is the correct answer.
Output that can be inventoried: Service processes typically do not have inventoryable outputs. Unlike manufacturing processes that produce physical goods, services are intangible and typically consumed at the same time they are produced. For example, a haircut, a consultation, or a software installation are services that cannot be stored or inventoried.
Physical, durable output: Service processes generally do not produce physical, durable outputs. Services are often based on interactions, experiences, or knowledge transfer between the service provider and the customer. The output of a service process is often intangible and non-physical, such as advice, expertise, or assistance. Option B is the correct answer.
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1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
If the price index moves from 107 to 110, the rate of inflation is: Group of answer choices 3% 30% 28% 2. 8%
Answers
If the price index moves from 107 to 110, the rate of inflation is 2.8 %.The percentage change in inflation is then calculated by multiplying this by 100.Option D is correct.
Evaluating:Rate of inflation = 110 - 107 ÷107
= 0.0280 × 100 %
= 2.8 %
How is the rate of inflation determined by price index?The price index from the interest year is subtracted from the base year, and then the result is divided by the base year to determine inflation. The percentage change in inflation is then calculated by multiplying this by 100.
If inflation is too high, what happens?The consumer price index (CPI) is used to measure inflation, which maintains economic health at low rates. But when inflation rises quickly, it can have negative effects on the economy in the form of lower purchasing power, higher interest rates, slower economic growth, and other things.
Question incomplete:If the price index moves from 107 to 110, the rate of inflation is:
a. 3%
b. 30%
c. 28%
d. 2.8%
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if you take and hour shower with the hot water how much water will the bill cost Avery day.
Answers
Answer:
$1000000000000000000
Answer:
Assuming that the rates of electricity and water in your area are near the national average, 12 cents per kilowatt-hour and $1.50/1k U.S. gallons, each shower will cost you 25 cents or 51 cents per day for the whole household, according to the shower cost calculator by Omni.
What are some possible short-term savings goals and why are they important? (give examples)
Answers
Savings goals for the short term involve planning for the immediate future.
EXAMPLES: Paying for holidays, buying a new TV or smartphone or putting down a deposit on a house are all short-term savings goals.
It's easier and more convenient to save when you have goals. Setting goals gives you more time to save.
It is still very common for people to be very impulsive with their money, resulting in them rarely having the cash on hand needed to buy things they truly want or to cover emergencies. So, by having short term saving goals you would be able buy something you really wanted, pay for a holiday etc
if a food server worker follows directions, how long does it take to wash his/her hands
Answers
Answer:
A food server worker should wash his/her hands for 20 sec or longer.
Hopefully this helped :)
Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN
Answers
Answer:
The answer would be B. Political.
Explanation:
PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.
The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.
What is political in PEST analysis?The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.
A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.
Thus, the ideal selection is option B.
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the ability to withdraw money at any time without penalty
Answers
aco ltd mined diamonds at a cost of fc 1,000,000 and sold them to beako for fc 2,500,000. beako distributed the diamonds to its customers and received fc 4,000,000. if the national vat is 20%, how much tax did beako pay on purchase from aco ltd.
Answers
Beako paid FC 250,000 in tax on the purchase from Aco Ltd.
The value-added tax (VAT) is calculated based on the selling price at each stage of the supply chain. Aco Ltd sold the diamonds to Beako for FC 2,500,000. To find the VAT amount, we need to calculate 20% of this selling price.
VAT = 20% x FC 2,500,000 = FC 500,000
Therefore, Beako paid FC 500,000 as VAT on their purchase from Aco Ltd. The VAT paid by Beako represents the tax liability associated with the purchase transaction.
When Beako purchased the diamonds from Aco Ltd, the VAT was levied on the transaction based on the national VAT rate of 20%. The selling price of FC 2,500,000 incurred a VAT amount of FC 500,000. This means that Beako paid FC 500,000 as tax on their purchase.
It's important to note that VAT is a consumption tax imposed on the value added at each stage of production or distribution. In this case, Aco Ltd mined the diamonds and sold them to Beako, who then distributed them to customers. The VAT is collected and remitted by Beako to the tax authority, reflecting the tax liability associated with the purchase transaction from Aco Ltd.
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A company expects to sell 500 units during the second quarter and 550 units in the third quarter. Currently, during the second quarter, they have 46 units in beginning inventory. If they desire ending inventory of 10% of the next quarter's sales, units will need to be produced in the second quarter.
Answers
509 units will need to be produced in second quarter.
The company wants to have a 10% safety stock for the second quarter. Since 550 units are the aim for the following quarter, we can calculate the safety inventory as follows: (550 * 10%) = 55 units.
The number of units that must be created can be determined by using the following formula:
55 (Safety inventory) - 500 (Expected) - 46 (On hand) = 509
What is beginning inventory?
The entire dollar amount of stock goods that are available for use or sale at the beginning of an accounting period is known as beginning inventory. Beginning inventory, also known as starting inventory, is the same as ending inventory from the preceding accounting period.
A safety stock is a surplus of a product that is kept in the warehouse to avoid running out of stock. It acts as protection against shifts in demand.
Running out of stock is made easier by having safety stock. If you have enough safety stock on hand, you won't need to rely on your suppliers' prompt deliveries or turn away clients because of low stock levels. Up until your next shipment of ordered stock arrives, you are covered by safety stock.
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What you don’t want to do when using job boards is __________________ endlessly. To prevent that from happening, you should first create a __________________ describing you, so that recruiters can find you. You should also use the platform’s features to set up __________________, using filters for the types of jobs you’re interested in. The alerts will notify you when there’s a potential match. Although job boards are by nature impersonal, you should aim to make personal connections by introducing yourself to the __________________ for an open role or find someone you already know at the company who can introduce you. If there’s a company you’d love to work for that is hiring in other areas, it can’t hurt to reach out, unsolicited, and see if they might be hiring for your role soon. And any time you upload a resume, be sure it is __________________ and tailored toward the job posting itself.
Answers
Make connections with both new and old individuals to locate your future career. In fact, networking is the greatest way to get a job, according to magazines like Payscale, The Balance, SHRM, The Muse, and others.
How can you utilize job boards to discover your next job in these 6 clever ways?Make connections with both new and old individuals to locate your future career. In fact, networking is the greatest way to get a job, according to magazines like Payscale, The Balance, SHRM, The Muse, and others.
There are appropriate and inappropriate methods to utilize traditional job boards, but this does not imply that job searchers shouldn't use them in their search.
The following are six sage ways to use job boards:
Create a profile- Having a profile set up enables recruiters to find you and get in touch with you for interviews.Create alerts- Don't waste time poring over job advertisements to find the one you should apply for.Introduce yourself out front.- By getting in touch with the hiring manager directly by phone or email, you can reduce your chances of being overlooked by HR.Find someone you can introduce to others.- Make contact with anyone you know who may be able to put you in touch with a contact at the firm you want.Post a résumé that is brand- and keyword-rich- Make sure your resume is "keyword rich" before applying for a position via a job posting. Use words and phrases that are relevant to the position and field for which you are applying."Fire is where there is smoke,"- Consider how recruiting in your immediate region may be impacted if you observe hiring activities at a firm.Learn more about job advertisements: https://brainly.com/question/18311790
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Anyone have a good name for a sports media company?
Answers
steven consumes only two goods, both of which are normal goods. he is maximizing his utility in consumption of both goods. now assume the price of one of the goods falls. how should steven adjust his consumption after the change in price?
Answers
Steve should consume more of the item whose price has decreased and less of the item whose price has not changed.
The income effect and the substitution effect both work in the same direction for normal goods; a decrease in the relative price of the good will increase quantity demanded because the good is now cheaper than substitute goods and because the lower price means that consumers have more total purchasing power.
In general, when the price of one good falls, the demand for another rises, and the two goods are referred to as complements.When the price of one good falls, the demand for another falls, and the two goods are referred to as substitutes.
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Monopolistic competition is an inefficient market structure because?
Answers
Monopolistic competition is considered inefficient because it leads to excess capacity, price markups, high advertising costs, and an inefficient allocation of resources. These factors contribute to a less-than-optimal market outcome. However, it's important to note that monopolistic competition also allows for innovation and product diversity, which can benefit consumers in certain ways.
Monopolistic competition is considered an inefficient market structure due to several reasons. Here's a step-by-step explanation:
1. Product differentiation: In monopolistic competition, each firm produces a slightly different product or service, leading to a high degree of product differentiation. This means that firms have some control over pricing and can charge higher prices compared to perfect competition.
2. Excess capacity: Monopolistically competitive firms often operate with excess capacity, producing less than the efficient level of output. This is because firms differentiate their products to create a unique selling point, resulting in duplication of resources and wasteful production.
3. Price markups: Due to product differentiation, firms in monopolistic competition have some degree of market power. They can set prices higher than the marginal cost, resulting in price markups. This leads to inefficiency as prices are higher and resources are not allocated optimally.
4. Advertising and marketing expenses: In order to differentiate their products, firms in monopolistic competition engage in extensive advertising and marketing efforts. These expenses add to the overall cost structure of firms and may not necessarily result in higher consumer satisfaction or welfare.
5. Inefficient allocation of resources: Monopolistic competition leads to an inefficient allocation of resources as firms focus on product differentiation rather than cost efficiency. Scarce resources may be used inefficiently, resulting in a loss of overall economic welfare.
In conclusion, monopolistic competition is considered inefficient because it leads to excess capacity, price markups, high advertising costs, and an inefficient allocation of resources. These factors contribute to a less-than-optimal market outcome. However, it's important to note that monopolistic competition also allows for innovation and product diversity, which can benefit consumers in certain ways. Therefore, the inefficiencies should be weighed against these potential benefits.
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