Using horizontal analysis, what is the change experienced by a company whose Accounts Receivable balance was $400,000 in 2009 and $325,000 in 2008?
a. 19 percent
b. 23 percent
c. 81 percent
d. Cannot be determined from the information as 3 years of data are needed.
b
You might also like to view...
The highest-ranking companies in a 2013 Forrester study of services that meet customer needs and were easy and enjoyable to do business with included Marshalls, TJ Maxx, JCPenney, and Marriott Hotels & Resorts
Indicate whether the statement is true or false
According to the text, a basic rule of research is to examine secondary data first
Indicate whether the statement is true or false
During the sales decline stage of the product life cycle,
A. price competition usually declines. B. brand loyalty declines rapidly. C. monopoly is a typical end result. D. across the board, no profits are earned. E. good product differentiation is profitable.
DelauderEnterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that ABC system are listed below:Activity Cost PoolActivity MeasureActivity RateSupporting assemblyDirect labor-hours (DLHs)$3.45per DLHProcessing batchesNumber of batches$193.30per batchProcessing ordersNumber of orders$83.05per orderServing customersNumber of customers$1,608.00per customerThe cost of serving customers, $1,608.00 per customer, is the cost of serving a customer for one year. Grennon Corporation buys only one of the company's products. The details of last year's purchases of this product are listed below: Number of units purchased 1,500unitsNumber
of batches 5batchesNumber of orders 2ordersDirect labor-hour requirement 0.25DLHs per unitSelling price$18.55per unitDirect materials cost$8.35per unitDirect labor cost$3.95per unitAccording to the ABC system, the total cost of the activity "Supporting assembly" for this customer this past year was closest to: A. $1,293.75 B. $5,175.00 C. $0.86 D. $375.00