Contrast the circumstances where horizontal analysis would be an effective analysis tool with those where common-sized analysis would be more useful
Horizontal analysis reveals meaningful information about changes in a particular line item on a financial statement. It compares an account or account group balance to some past balance. As an example, if a company's salaries expense is 8 percent higher this year than last year, it can be compared to an industry average. Horizontal analysis can also determine if a significant increase in advertising expense has created a significant increase in sales.
Common-sized, or vertical, analysis reveals the proportional size of accounts or account groups when compared to the same account. For example, every line item on an income statement can be expressed as a percentage of net sales. This informs the analyst how each dollar of revenue is allocated through operations. Calculations such as this are often presented in the form of a pie chart, with each piece representing portions of some common whole.
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The purchase requisition is sent from the inventory control department to the ______________________________ department
Fill in the blank(s) with correct word
In marketing cosmetics, laundry detergent, and products like Pringles to consumers, P&G manages ________ such as eye-catching package designs and innovative product functions
A) events B) prospects C) markets D) brands E) touch points
Prepare the statement of partner's equity for the year ending December 31, 2020.
A partnership began on January 1, 2020, with two partners Kelly Simmons and Dawn Jones. The partnership is called Simmons and Jones Partnership. Kelly contributed $40,000 cash and Dawn contributed equipment with a fair market value of $70,000. The partners share profits and losses 50:50. Partners' withdrawals were $10,000 by Kelly and $5,000 by Dawn. Net income for 2020 was $60,000.
Effective MPR goals and objectives are specific, measurable, attainable, realistic, and tangible
Indicate whether the statement is true or false