How are past performance useful in companys performancee

Assignment Help Financial Accounting
Reference no: EM13914032

1. How are past performance and industry norms useful in evaluating a company's performance? What are their limitations?

2. In a five-year trend analysis, why do the dollar values remain the same for their respective years while the percentages usually change when a new five-year period is chosen?

3. Why does a decrease in receivables turnover create the need for cash from operating activities?

4. Why would ratios that include one balance sheet account and one income statement account, such as receivables turnover or return on assets, be questionable if they came from quarterly or other interim financial reports?

Reference no: EM13914032

Questions Cloud

Explain the role that market interest rates play : Explain role that market interest rates play in causing a premium in requirement 1 and a discount in requirement Prepare the journal entries for March 1, 2014, August 31, 2014, and February 28, 2015.
Liability section : Prepare the appropriate journal entries for the 2013 transactions.Prepare the liability section of the balance sheet at December 31, 2013, based on the data supplied.Prepare the appropriate journal entries for the 2014 transactions.
Change in kinetic energy of the mass : An applied force of 875 N (up) acts on a 4.63 kg mass over a displacement of 4.80m (up). Assuming that no friction is involved in this movement, what is the change in kinetic energy of the mass?
Mean and the standard deviation of the number of students : The mean and the standard deviation of the number of students that will be admitted to Harvard university next year? The probability of admitting 5000 or fewer students in Harvard university next year
How are past performance useful in companys performancee : How are past performance and industry norms useful in evaluating a company's performance? What are their limitations?
Profit maximization : Mary Tudor decides to use insider information to sell stock. She justifies this decision by saying that if she did not do this, she will lose money and have to cut down on her staff which will hurt her employees. This defense best illustrates.A. prof..
Change in gravitational potential energy : What change in gravitational potential energy occurred while the force acted on the mass?
What is limitation of free cash flow in comparing companies : What is a limitation of free cash flow in comparing one company to another? In what way is selling an investment for a gain potentially a negative in evaluating quality of earnings?
The stockholders equity section of the balance sheet : The stockholders equity section of the balance sheet for Gator Company at December 31, 2013, is as follows:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Percentage of completion method of accounting

In 2013, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2015. Information related to the contract is as follows:

  What incentives are necessary to improve rate of compliance

Develop a brief explanation of the finding that many inspections were not in compliance with state standards. What incentives are necessary to improve the rate of compliance?

  The may 31 20xx post-closing trial balance for the lampl

the may 31 20xx post-closing trial balance for the lampl accounting firm appears below.during june the firm engaged in

  Job order costing-determining costs

Competitors often want to know the cost of a competing product. For a price, a company called supply will disassemble sophisticated electronics and tell you what it would cost to replicate the product. Explain nonproduction costs (research, design, m..

  Illustrate what is the total cost when wahoo produces

Wahoo Inc. Has fixed costs per unit of $20 when the company produces 25,000 units. At the same level of production, total variable costs are $200,000. Illustrate what is the total cost when Wahoo produces 50,000 units?

  The equivalent units for materials under the FIFO method

Solis Company uses the FIFO method to compute equivalent units. It has 12,000 units in beginning work in process, 20% complete as to conversion costs and 40% complete as to materials costs, 65,000 units started, and 5,000 units in ending work in proc..

  Budgeting-use in making your personal budget

In your everyday life, budgeting is a best practice in order to keep living expenses and savings within your financial means. In many instances, personal budgeting is as important as budgets prepared by companies. Why? Remember that companies exist b..

  Items is not subject to federal income tax

Which of the following items is not subject to federal income tax?

  Prepare the journal entries to record tax collections

Prepare the journal entries to record tax collections and remittances for the Kirby County Tax Agency Fund and what percentage interest in the pool is held by the town and the school district

  Bill and bob formed a partnership on 1st january 2008 bill

bill and bob formed a partnership on 1st january 2008. bill contributed capital of 100000. bob contributed capital of

  Journalize the transactions for horner corporation

Journalize the transactions for Horner Corporation and Prepare a cash distribution schedule

  How should this losses be treated

maggie lost her job in the current year. She paid the expenses of owning aher home, interest on the mortgage, and property taxes out of savings. Her tax return shows negative taxable income of $20000. how should this loss be treated?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd