Answer the following statements true (T) or false (F)
1. A trend analysis would be used if an analyst wants to see how the gross profit of a company has
changed from one year to the next.
2. A horizontal analysis would be used if an analyst wants to see how the assets of a company have
changed from one year to the next.
3. A vertical analysis of a financial statement reveals the relationship of each statement item to its base
amount, which is the 100% figure.
4. A vertical analysis percent is computed by dividing the base amount by the specific item and then
multiplying by 100.
5. In a vertical analysis of the income statement, each line item is shown as a percentage of net sales
revenue.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. TRUE
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Entities such as manufacturers, retailers, and government agencies that buy goods and services for their own use or for resale are referred to as
A. brokers. B. intermediate buyers. C. manufacturing agents. D. selling agents. E. organizational buyers.
Unit loading is grouping one or more boxes on a skid.
Answer the following statement true (T) or false (F)
Which term is synonymous with the New Media Tradition?
a. The New Age b. First Media Age c. Digital Tradition d. Social Media Age
Computerized systems can be used to capture accounting information such as accounts receivable, inventory items, accounts payable, and sales
Indicate whether the statement is true or false