(a) Introduction: Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis. To calculate: The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

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Answer 1

Question

Chapter 12, Problem 59BE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of goods sold to that of net sales.

Expert Solution & Answer

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Direction: The following list of accounts for Pazado, Inc is available at the end of December 2020. Make a summary of Income Statement from the given information below with the following required data. 1. Calculate the turnover/ROI 2. Calculate the consumption of goods for sale 3. Prepare the Income Statement of Pazado, Inc for year 2020. Sales Rent Expense Depreciation Expense Utilities Expense Taxes and Licenses Goods Available for Sale Merchandise, Inventory, January 31 Salaries Expense Freight, out Uncollectible Accounts Sales Discount Sales Returns and Allowance 902,000 30,000 11,250 18,000 15,000 714,900 102,000 50,000 3.920 19,100 5,000 13,000

Perform a horizontal analysis for the entry "Gross Sales" shown on the income statement portion below. (Round percentages to one decimal place.) Increase/Decrease Revenue 2019 2018 Amount Percent Gross Sales $271,000 $200, 500 Less: Sales Returns 14,200 12,400 and Allowances Net Sales 256,800 188,100 Cost of Goods Sold Merchandise Inventory 31,900 33,800 Net Purchases 60,300 55,500 Goods Available for Sale 92,200 89,300 Less: Merchandise 43,000 60,200 Inventory, Dec. 31 Cost of Goods Sold 49,200 29,100 207,600 159,000 Gross Margin

Answer 2

Question

Chapter 12, Problem 59BE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of goods sold to that of net sales.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 59BE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of goods sold to that of net sales.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 59BE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of goods sold to that of net sales.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 59BE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of goods sold to that of net sales.

Answer 6

Chapter 12, Problem 59BE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

Answer 7

Chapter 12, Problem 59BE

To determine

(a)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To calculate:

The difference between accounts receivable, merchandise inventory, total assets, net sales, cost of goods sold from 2018 to 2019.

Answer 8

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of goods sold to that of net sales.

Answer 9

To determine

(b)

Introduction:

Time Series analysis helps the companies to measure its performance across time or in other words it is a technique that helps a company to compare its present operational results and present financial position with that of previous years. There are two type of trend analysis i.e. horizontal and vertical analysis.

To find:

The percentage of account receivable and merchandise inventory to that of total assets and percentage of cost of goods sold to that of net sales.

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 12 - Describe how some of the primary groups of users...Ch. 12 - Prob. 2DQ Ch. 12 - Prob. 3DQ Ch. 12 - Prob. 4DQ Ch. 12 - Prob. 5DQ Ch. 12 - Prob. 6DQ Ch. 12 - Prob. 7DQ Ch. 12 - Prob. 8DQ Ch. 12 - Prob. 9DQ Ch. 12 - Prob. 10DQ

Solution Summary: The author explains that Time Series analysis helps companies compare their present operational results and present financial position with that of previous years.

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Chapter 12 Solutions