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All of the following statements regarding a horizontal analysis are true except:
1. When two statement are compared in horizontal analysis, the earlier statement is used as the base for computing the amount and the percent of change.
2. A horizontal analysis is used to compare an item in a current statement with the same item in prior statements.
3. A horizontal analysis can be performed on a balance sheet and income statement, but not on a statement of cash flows.
4. If Fees Earned in 2009 is $150,000 and Fees Earned in 2010 is $187,500, a horizontal analysis will indicate a 25% increase over this period.
Conduct a three factor DuPont analysis for Starbucks and Dunkin' Donuts for 2011 and 2012 end-of-year results. Use the information from financial statements in the 2012 annual reports.
On January 1, 2009, D Corp. granted an employee an option to purchase 6,000 shares of D's $5 par common stock at $20 per share.
Explain how both small and large organizations can benefit from budgeting. Explain why a company can show it has a substantial amount of revenue and yet not able to pay its current liabilities?
If a company uses the periodic inventory system, what is the impact on the current ratio of including goods in transit f.o.b. shipping point in the Purchases account and not in the Inventory account?
Explain disclosure requirements for nonprofit organizations, such as the tax-exempt determination letters required by Congress and the IRS. Discuss the reasons for these disclosure requirements and the sentiments of the public and government abou..
What assets qualify for interest capitalization? What assets do not qualify for interest capitalization?
A company's flexible budget for 48,000 units of production showed variable overhead costs of $72,000 and fixed overhead costs of $64,000. The company incurred overhead costs of $122,800 while operating at a volume of 40,000 units. The total contro..
What is the net amount of property, plant, and equipment that will appear on the balance sheet?
Suppose ARG Inc. estimate its cost of capital (WACC) for the year 2010 to be 12%, should the project officer used this WACC to evaluate all of its potential projects even if they vary in risk? If not, what is a reasonable cost of capital if the fi..
A university's meal plan for students provides that 40% of a student's meal fee is made available to the student to purchase food at "cost." At the end of the term, the student receives a refund for any of this amount that has not been spent. The ..
Sam has, however, made an election to not have the uniform capitalization rules apply to the farming business. Sam does elect not to take additional first-year depreciation. Determine the cost recovery deduction for 2009.
Ajax Corp's sales last year were $460,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio?
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