This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Horizontal analysis is a percentage method of analyzing financial statements whereby each item on ... (Read 135 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
on: Jun 24, 2018
Horizontal analysis is a percentage method of analyzing financial statements whereby each item on the statement is expressed as a percentage of a base amount. For balance sheets, the base is assets, and for income statements, the base is net sales.
  Indicate whether the statement is true or false

Question 2

For every 10,000 square feet of lumber used, 116.8 square feet is scrap. What percent of the lumber is scrap? (Round to the nearest tenth of a percent)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mceravolo

  • Sr. Member
  • ****
  • Posts: 349
Reply #1 on: Jun 24, 2018
Answer to Question 1

FALSE

Answer to Question 2

1.2


skymedlock

  • Member
  • Posts: 561
Reply 2 on: Jun 24, 2018
Wow, this really help

kthug

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Much time and effort occurs between the development of a research idea and the statistical analysis Much time and effort occurs between the development of a research idea and the statistical analysis
How to solve a pair of linear equations using the Addition-Subtraction Method How to solve a pair of linear equations using the Addition-Subtraction Method
Longitudinal and horizontal effleurage to the thigh. Apply with medium pressure to warm tissues. Longitudinal and horizontal effleurage to the thigh. Apply with medium pressure to warm tissues.
Control you knife with one hand and hold the item being cut with the other (2 of 3) Control you knife with one hand and hold the item being cut with the other (2 of 3)
A bulldozer attempts to drag a log weighing 500 N along the rough horizontal ground. The cable ... A bulldozer attempts to drag a log weighing 500 N along the rough horizontal ground. The cable ...
Offset Method Plot of Land Offset Method Plot of Land
Video: Bone Growth and Remodeling

For a complete list of videos, visit our video library