Using these data from the comparative balance sheet of Blossom Company, perform vertical analysis. (Round percentages to 1 decimal place, e. G. 12. 5%. )
Dec. 31, 2020 Dec. 31, 2019
Amount Percentage Amount Percentage
Accounts receivable $497,000 % $435,000 %
Inventory 735,000 % 555,000 %
Total assets 3,101,000 % 2,758,000 %
Answers
Inventory makes up almost a quarter of Blossom Company's total assets, with a 23.7% share.
Vertical analysis is a method of analyzing financial statements in which each item on a financial statement is expressed as a percentage of a base amount. In this case, the base amount is the total assets of Blossom Company.
The percentage of accounts receivable on December 31, 2020, is calculated as:
\($$\text{Accounts Receivable Percentage} =\)\(\frac{\text{Accounts Receivable}}{\text{Total Assets}} \times 100\%$$\)
Substituting the values, we get:
\($$\text{Accounts Receivable Percentage} =\)\(\frac{\$497,000}{\$3,101,000} \times 100\% \approx 16.0\%$$\)
This indicates that accounts receivable represents 16.0% of the total assets of Blossom Company.
Similarly, the percentage of inventory on December 31, 2020, is calculated as:
\($$\text{Inventory Percentage} =\)\(\frac{\text{Inventory}}{\text{Total Assets}} \times 100\%$$\)
Substituting the values, we get:
\($$\text{Inventory Percentage} =\)\(\frac{\$735,000}{\$3,101,000} \times 100\% \approx 23.7\%$$\)
This indicates that inventory represents 23.7% of the total assets of Blossom Company.
By analyzing the percentages of accounts receivable and inventory, we can see that they have increased as a percentage of total assets from 2019 to 2020, indicating that they have become relatively more significant to the company's overall financial position. Vertical analysis is a useful tool to identify trends and changes in a company's financial position over time.
To learn more about Inventory refer here:
https://brainly.com/question/31827018
#SPJ11
Related Questions
Resolve (7x+19)/(x+1)(x+5) into partial fraction
Answers
Answer:
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}\)
Explanation:
The given expression is
\(\dfrac{7x+19}{(x+1)(x+5)}\)
We need to resolve this into partial fraction.
The form of the partial fraction decomposition is
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A}{x+1}+\dfrac{B}{x+5}\) ...(1)
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{A(x+5)+B(x+1)}{(x+1)(x+5)}\)
\(7x+19=Ax+5A+Bx+B\)
\(7x+19=(A+B)x+(5A+B)\)
On comparing both sides, we get
\(A+B=7\) ...(2)
\(5A+B=19\) ...(3)
Subtract (2) from (3), we get
\(4A=12\)
\(A=3\)
Put A=3 in (1).
\(3+B=7\)
\(B=4\)
Put A=3 and B=4 in (1).
\(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}\)
Therefore, \(\dfrac{7x+19}{(x+1)(x+5)}=\dfrac{3}{x+1}+\dfrac{4}{x+5}\) .
What is the formal investigation prior to trial in which the defense uses various methods to obtain information from the prosecution to prepare for tri
Answers
The formal investigation prior to trial is a process in which both the prosecution and defense gather evidence and information to prepare for trial.
During this phase, the defense uses various methods to obtain information from the prosecution, such as filing discovery requests, conducting interviews, and examining physical evidence. The defense may also hire investigators or experts to assist in their investigation. This allows them to gather as much information as possible to prepare their case for trial. Similarly, the prosecution also uses this time to prepare for trial by conducting their own investigation and gathering evidence to build their case. Ultimately, the formal investigation prior to trial is critical for both sides to ensure a fair and just trial. The formal investigation prior to trial, in which the defense uses various methods to obtain information from the prosecution to prepare for trial, is called "discovery." Discovery allows both sides to gather evidence, identify witnesses, and understand the strengths and weaknesses of their respective cases, ensuring a fair and efficient trial process.
To know more about investigators, visit:
https://brainly.com/question/28158885
#SPJ11
do an investigation report on exportation or importation of solar systems in african countries The report should cover the following major things
a) general condition of solar system , its demand and supply in african countries , and influential factors of the markert
b ) procedures , cost, prices and file requirement of solar system in african countries
c ) explore more on the markert of exportation solar system in african countries
d) make a detailed plan financial analysis of importing
Answers
The exportation and importation of solar systems in African countries present significant opportunities for business ventures.
The growing demand for solar systems in African countries, driven by factors such as energy needs, cost reduction, and environmental concerns, creates a favorable market for exporting and importing solar systems. By exploring market conditions, procedures, costs, and documentation requirements, businesses can tap into this potential and contribute to sustainable energy development in Africa. Additionally, conducting a detailed financial analysis plan helps assess the feasibility and profitability of importing solar systems, ensuring informed decision-making.
Learn more about business ventures here:
https://brainly.com/question/31130234
#SPJ11
For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review
Answers
If the liabilities of a business are Rs.7,50,000 and the capital is Rs. 8,50,000. Find the total assets.
Answers
Rs 1600000
Explanation:
accounting equation= asset= liability+capital
PLZ HELP EXTRA POINTS!!!
Without freedom of expression ____.
A. Congress would have too much power
B. democracy could not exist
C. all kinds of unpopular ideas would become popular
D. the result would be a utopia
Answers
Answer:
A. Congress would have too much power
Explanation: I hope this helps :)
The value of an S&P 500 futures contract is $500 times the index. Assume the futures price on the S&P 500 index is 1612 at the time of purchase. If the index price is $1,619 when the position is closed out, the gain is $_______. A) 700 B) 7,000 C) 3,190 D) 3,500
Answers
C) $3,190. The gain from closing out the S&P 500 futures contract can be calculated by subtracting the initial futures price from the final index price and multiplying the difference by the contract value, which is $500.
The gain from closing out the S&P 500 futures contract can be calculated by subtracting the initial futures price from the final index price and multiplying the difference by the contract value, which is $500.
To calculate the gain, we subtract the initial futures price from the final index price: $1,619 - $1,612 = $7. Next, we multiply the difference by the contract value: $7 * $500 = $3,500. Therefore, the gain from closing out the S&P 500 futures contract is $3,500.
learn more about value here:
https://brainly.com/question/13404385
#SPJ11
Dr. Peabody recorded $6,820 in services provided to clients who make monthly payments. Which of the following statements is correct?
A. The dental revenues account is debited $6,820; accounts receivable is credited $6,820.
B. Accounts receivable is credited $6,820; the dental revenues account is credited $6,820.
C. Accounts receivable is debited $6,820; the dental revenues account is debited $6,820.
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Answers
Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
T/F : The costs related to rent, utilities, and salaries in the current reporting period are examples of liabilities.
Answers
This statement is False. The costs related to rent, utilities, and salaries in the current reporting period are not examples of liabilities.
Liabilities refer to obligations or debts owed by a company to external parties. They represent the company's financial obligations that arise from past transactions or events. Examples of liabilities include accounts payable, loans, and accrued expenses. On the other hand, costs related to rent, utilities, and salaries are typically considered as expenses or operating costs. These expenses are incurred by a company as part of its day-to-day operations and are recorded on the income statement. They are not classified as liabilities because they do not represent obligations or debts owed to external parties.
To know more about operating costs, click here https://brainly.com/question/15699967
#SPJ11
What should appear in this section of a check register?
CHECK
NO
DATE
DESCRIPTION
TRANSACTION
AMOUNT
DEPOSIT
AMOUNT
BALANCE
$3667
$216.30
$15067
161
6/4
Sound Out
$216.30
new tape deck
withdrawal
ATM
6/18
$35.00
$35.00
$11567
$5500
$6067
spending money
check card
Food & groceries
Chkcd|6/18
$55.00
2010 Gynton, in
amount withdrawn
balance
check number
amount deposited
Answers
Answer:
how much you took out i think this is weird
Explanation:
Answer:
the answer is amount deposited
Explanation:
Which of the following should appear in the income statement of a limited
company. I auditors fees, Il debenture Interest, III directors remuneration *
I and II Only
I and Ill only
II and III Only
I, II and III
Answers
Explanation:
I, II and III
In the short run, the price charged by a monopolistically competitive firm attempting to maximize profits
Multiple Choice
a. must be less than ATC.
b. must be more than ATC.
c. may be either equal to ATC, less than ATC, or more than ATC.
d. must be equal to ATC.
Answers
c. may be either equal to ATC, less than ATC, or more than ATC.
In the short run, a monopolistically competitive firm can set its price at various levels. It is not necessarily tied to the average total cost (ATC) of production.
The firm's price will depend on various factors, including its demand curve, cost structure, and desired level of profit.
Therefore, the price charged by a monopolistically competitive firm can be equal to ATC, less than ATC, or more than ATC.
To know more about monopolistically refer here
brainly.com/question/31640700#
#SPJ11
Weib Manufacturing experienced the following events during its first accounting period:
a. Recognized revenue from cash sale of products.
b. Recognized cost of goods sold from sale referenced in Event 1.
c. Acquired cash by issuing common stock.
d. Paid cash to purchase raw materials that were used to make products.
e. Paid wages to production workers.
f. Paid salaries to administrative staff.
g. Recognized depreciation on manufacturing equipment.
h. Recognized depreciation on office furniture.
Required:
Indicate whether the event increases (A, decreases (D), or has no effect (NA) on each element of the financial statements.
Answers
Given events of Weib Manufacturing company during its first accounting period are given below;
a. Recognized revenue from cash sale of products - Increases revenue on Income statement, Increases cash on Cash flow statement and has no effect on Balance sheet.
b. Recognized cost of goods sold from sale referenced in Event 1 - Decreases gross profit on Income statement, Decreases cash on Cash flow statement and has no effect on Balance sheet.
c. Acquired cash by issuing common stock - Increases equity on Balance sheet, Increases cash on Cash flow statement and has no effect on Income statement.
d. Paid cash to purchase raw materials that were used to make products - Decreases cash on Cash flow statement, Increases inventory and no effect on Income statement.
e. Paid wages to production workers - Decreases cash on Cash flow statement, Increases expense on Income statement and no effect on Balance sheet.
f. Paid salaries to administrative staff - Decreases cash on Cash flow statement, Increases expense on Income statement and no effect on Balance sheet.
g. Recognized depreciation on manufacturing equipment - Decreases PP&E (Property, Plant and Equipment) and Accumulated Depreciation on Balance sheet, Increases expense on Income statement and has no effect on Cash flow statement.
h. Recognized depreciation on office furniture - Decreases PP&E and Accumulated Depreciation on Balance sheet, Increases expense on Income statement and has no effect on Cash flow statement.
Therefore, these are the effects of the given events on the elements of financial statements.
Learn more about financial statements from the given link.
https://brainly.com/question/14951563
#SPJ11
Current Attempt in Progress Concord Company reported total manufacturing costs of $64200, manufacturing overhead totalling $12400, and direct materials totalling $16600. How much is direct labour cost? a. Cannot be determined from the information provided. b. $93200 c. $29000 d. $35200
Answers
The direct labor cost is calculated by subtracting the direct materials cost and the manufacturing overhead from the total manufacturing costs. In this case, the total manufacturing costs were reported as $64,200, the direct materials cost was $16,600, and the manufacturing overhead was $12,400. By subtracting these values, we find that the direct labor cost amounts to $35,200.
To determine the direct labor cost, we need to subtract the direct materials cost and manufacturing overhead from the total manufacturing costs.
Total manufacturing costs = Direct materials + Direct labor + Manufacturing overhead
Given:
Total manufacturing costs = $64,200
Manufacturing overhead = $12,400
Direct materials = $16,600
To find the direct labor cost, we can rearrange the equation:
Direct labor = Total manufacturing costs - Direct materials - Manufacturing overhead
Direct labor = $64,200 - $16,600 - $12,400
Direct labor = $35,200
Therefore, the direct labor cost is $35,200 (option d)
Learn more about manufacturing costs:
https://brainly.com/question/14987071
#SPJ11
What are some factors that would influence supply? Explain
Answers
Answer:
6 Factors Affecting the Supply of a Commodity (Individual Supply) |
Price of the given Commodity: ADVERTISEMENTS: ...
Prices of Other Goods: ...
Prices of Factors of Production (inputs): ...
State of Technology: ...
Government Policy (Taxation Policy): ...
Goals / Objectives of the firm:
Explanation:
Please mark as brain list
Outline why it is important for a business owner to respond to technological and global issues when establishing a business?
Answers
Technology enables an increase in the efficiency of systems, products, and services. It helps track and streamline strategies, hold records go with the flow, and control contacts and employee records.
In reality, this expanded efficiency in operation enables lessened costs as well as allows the commercial enterprise to develop swiftly.
Technology has vital consequences on commercial enterprise operations. Irrespective of the scale of your business enterprise, technology has both tangible and intangible advantages that will help you make money and produce the results your customers demand. Technological infrastructure affects the subculture, performance, and relationships of a business.
The use of technology has made commercial enterprises and clients closer in many areas. E-mail and Social Media are getting used for answering queries related to products and services with clients. Giving customers all feasible methods to contact the agency is simple with the latest technology and packages over the internet.
Learn more about Technology here: https://brainly.com/question/25110079
#SPJ1
Your building plan for your restaurant includes 4 bathrooms - 2 women’s and 2 men’s. The city inspector informs you , that you must have at least 400 square feet per bathroom. If your building is a total of 8,000 square feet, how many square feet are left for the development of other , non bathroom areas?
A) 4,000 square feet
B) 4,800 square feet
C) 6,400 square feet
D) 8,000 square feet
Answers
Answer:
C) 6,400 square feet
Explanation:
Each bathroom requires at least 400 square feet. There are four bathrooms.
In total, the four bathrooms will need 400 square feet multiplied by four.
= 400 square feet x 4
=1600 square feet
The space left for other developments
=total space - bathroom space
=8000 square feet - 1600 square feet
=6400 square feet
True or False?
Social workers work at both the state and national level.
Answers
Explanation: because true
to pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute.
true
false
Answers
To pay for social insurance programs administered by the social security administration, employers, employees, and the unemployed must contribute is a false statement.
What does the term "social insurance program" mean?A sort of compulsory public insurance known as social insurance provides protection against a number of financial risks, including the loss of income due to illness, old age, or unemployment.
There are four primary social insurance programs in the US. The largest is the Federal OldAge, Survivors, and Disability Insurance System, or Social Security, which provides retirement benefits, benefits to survivors, and benefits to those who are totally and permanently disabled.
Read more on social insurance here brainly.com/question/29349829
#SPJ4
You're given a monthly budget of $400 for social media advertising. You want to set a daily budget for February to insure you don't overspend for the month. What is your daily budget? (It is not a leap year.)
Answers
Answer:
$14.28
Explanation:
you will have a couple of cents left over at the end because you cant evenly divide 400 by 28
in the year, for the year, most group pieces of business that will be booked is in the other market segment (smerf)? true false
Answers
The statement in the year, for the year, most group pieces of business that will be booked is in the other market segment (smerf) is true because SMERF, an acronym for the five small group meeting market categories of Social, Military, Education, Religious, and Fraternal, is used in the travel and tourism sector.
The SMERF group travel market is particularly beneficial to the tourism sector as they frequently attract tourists to your market during off-peak travel seasons and sluggish times of the week. SMERF stands for Social, Military, Educational, Religious, and Fraternal groups and is frequently used to refer to organizations that participate in sports, entertainment, and leisure activities. In the hospitality industry, the smaller sector that makes up your group firm is referred to as SMERF.
To learn more about market segment, click here.
https://brainly.com/question/31008073
#SPJ4
Explain the difference between buffet and fast food restaurants.
Answers
Answer:
The difference is that buffets don't actually have to prepare the food quickly.
Explanation:
Buffet can be considered a form of fast food: you walk in and pay, and can then immediately grab whatever you like and eat it.
distinguish between products tax and production tax
Answers
Answer:
Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.
Select a product, either a good or service, that you consider to be in the decline phase of the Product Life Cycle. Discuss some of the options the company has for dealing with this product. What do you think is the best option, and why do you think so?
Answers
Answer:The product example in the declining phase is the Sony VCRs
Explanation:Decline phase is reached when sales and profits of a product fall.it is therefore characterised by rate of change to consumers tastes and rate by which new prosucts reach the market.
Company can deal with the product at a declining phase in the following ways:
1.The company can aid by reducing the promotional expenditure
2.The company can opt to reducing the number of distribution outlet that deal with sales of the products
3.The company can concentrate on the price cuts so that they can obtain customers who van purchase their products
4.The company can look upon the alternative use of the product.
Best option is maintaining the product , in a way rejuvenating it so that we ad features to it so that we can find its alternative use.
Which of the following are ways in which people can get an aptitude?
D born with it
buy it
O acquire it
borrow it
Answers
Answer:
born with it
Explanation:
hopefully it helps if not then I'm sorry
Answer:
Born with it & Acquire it
Explanation:
You can naturally be born with it or you can learn it. I got it right so gg to whoever needs this.
Josh pays $2,000 for a treasury inflation-protected security that has an annual interest rate of three percent. By the end of the first year that he owns the bond, consumer prices have increased by 10 percent. After this adjustment, how much interest is he paid per year?.
Answers
The interest rate on a Treasury Inflation-Protected Security (TIPS) is fixed, but the amount of interest paid to the bondholder is adjusted for inflation.
The interest on a TIPS is based on the bond's face value, which is adjusted for inflation. At the time of purchase, the face value of the bond is $2,000. Since consumer prices have increased by 10%, the face value of the bond has also increased by 10% to $2,000 + ($2,000 * 10%) = $2,200. The annual interest rate on the bond is 3%. So, the interest paid per year is (3/100) * $2,200 = $66. Josh is paid $66 of interest per year. It is usually measured by the Consumer Price Index (CPI), which tracks the average change in prices for a basket of goods and services consumed by households. When prices rise, the purchasing power of a unit of currency decreases, meaning that people need more money to buy the same goods and services. Inflation can have a variety of causes, such as an increase in the money supply, an increase in demand for goods and services, or a decrease in the supply of goods and services. The inflation rate is the rate at which the general price level of goods and services is increasing over time. It is usually measured as the percentage change in the CPI over a certain period of time, such as a year.
To know more about inflation:
https://brainly.com/question/30112292
#SPJ4
A list of all accounts and their balances at a particular date showing that debits equal credits is referred to as a(n):_________
Answers
A list of all accounts and their balances at a particular date showing that debits equal credits are referred to as a(n) Trial balance.
This is further explained below.
What is a Trial balance.?Generally, A list of all of the general ledger that are included in the ledger of a company is what is known as a trial balance for that company.
This list will include the name of each nominal ledger account as well as the value that corresponds to that account in the nominal ledger.
In conclusion, Trial balances consist of a list of all accounts and their balances as of a given date, demonstrating that debits equal credits.
Read more about Trial balance.
https://brainly.com/question/15059786
#SPJ1
Which statement best explains why the United States grew into a world
economic power in the 20th century?
O A. The United States prevented other countries from abandoning the
gold standard.
O B. The United States increased its participation in international trade.
C. The United States put effective trade barriers in place to limit trade
with other nations.
D. The United States stayed out of major world wars and instead
made economic investments.
Answers
Answer:
B. The United States increased its participation in international trade.
Explanation:
The correct option is - B. The United States increased its participation in international trade.
Shelly hired mostly high school and college students at her landscaping business. Although her company was earning a profit, it wasn't the success she envisioned. After talking with customers and potential customers, Shelly began to hire additional workers from different age groups and experience levels. Hiring workers with more experience enabled her to bid for more complicated projects and increased customers' confidence and satisfaction. This scenario illustrates the leadership concept of:
Answers
Answer:
Diversity promoter
Explanation:
Analyzing the scenario of the question above, it is correct to say that Shelly promoted diversity in the organization by hiring additional employees of different age groups and levels of experience, and thus managed to compete for more complicated projects and increased customer confidence and satisfaction.
The diversity in the organization promotes greater innovation, creativity and a culture more favorable to development, through the exchange of experiences, which benefits the internal and external environment, since there is greater identification of the problems related to each age group and greater satisfaction of the customers' needs. , which increases the company's positioning in the market and customer loyalty.
use the values in the range b12:c12 to extend the incremented percentage to the range d12:h12
Answers
Using the values in B12:C12, extend the incremented percentage to D12:H12 by calculating the percentage increment, applying it to C12, and filling in D12:H12.
To use the values in the range B12:C12 to extend the incremented percentage to the range D12:H12, follow these steps:
1. Calculate the percentage increment between B12 and C12 by using the formula: (C12-B12)/B12.
2. Apply the calculated percentage increment to C12 and fill it in D12 with the formula: C12 * (1 + percentage increment).
3. Copy the formula in D12 and paste it into E12:H12.
Determine the percentage increment between B12 and C12, then apply this increment to C12 to get D12. Copy the formula from D12 to E12:H12 to fill the rest of the range. This will ensure the same percentage increment is applied across the entire D12:H12 range.
To know more about percentage increment click on below link:
https://brainly.com/question/24490227#
#SPJ11