What is the trend percentage for 2009

Assignment Help Accounting Basics
Reference no: EM13137806

Silva Corporation reported net sales of $240,000, $420,000, and $540,000 in the years 2007, 2008, and 2009 respectively. If 2007 is the base year, what is the trend percentage for 2009?

Reference no: EM13137806

Questions Cloud

Calculate budgeted rooms sale revenue : In August, no further room rate raises are contemplated, but occupancy is expected to be up to 92%. For each of the three months of June, July, and August, calculate the budgeted rooms sale revenue.
Financial report messages : The degree to which accounting 'messages' contained in financial reports are understood and convey the exact meanings which were intended by their senders seems a natural issue of interest.
Identify and discuss the transfer tax implications : Willie purchased a whole-life insurance policy on his brother, Benny. under the policy, the insurance company will pay the named beneficiary $100,000 upon the death of the insured, benny.
What is howell correct ending inventory balance at december : $9,000 of goods received on consignment from Westwood Company. What is Howell's correct ending inventory balance at December 31, 2010?
What is the trend percentage for 2009 : Silva Corporation reported net sales of $240,000, $420,000, and $540,000 in the years 2007, 2008, and 2009 respectively. If 2007 is the base year, what is the trend percentage for 2009?
Payments for operating expenses : Operating expenses other than depreciation for the year were $400,000. Prepaid expenses increased by $17,000 and accrued expenses decreased by $30,000 during the year. Cash payments for operating expenses to be reported on the cash flow statement ..
Race and institutional violence discussion : Violence breeds violence. Repression breeds retaliation and only a cleansing of our whole society can remove this sickness from our souls. For there is another kind of violence slower,but just as deadly, destructive.
Compute the power required to overcome the skin : Calculate the power required to overcome the skin friction drag on the keel of a sailing dingy moving through water at 2m/s. The keel projects 0.8m into the water and it is 0.4m wide
What was approximate amount of its alleged revenue over : ClearOne had stuffed inventory costing approximately $11.5 million into the distribution channel. On the basis of that assertion, what was the approximate amount of its alleged revenue overstatement by the end of 2002?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Vehicles in various stages of production

An auto manufacturer would classify vehicles in various stages of production as:

  Which would be opportunity costs

John has been offered a job in New York City at a salary of $50,000 per year. Currently, John lives and works in the Midwest at a salary of $35,000 per year.

  Determine ship methods from ratios

Many firms recognize revenus at the point of shipment. This provides an incentive to accelerate revenues by shipping goods at the end of the quarter.

  Question on notes receivable journal entries

Prepare the entries that would be recorded by Menachem Inc. for the sale and for the receipts and interest on the following dates. (Assume that the effective interest method is used for amortization purposes.)

  Conference method for estimating a cost function

Describe the conference method for estimating a cost function. what are two advantages of this method?

  Distribution from the partnership

Demarcus is a 50% partner in the DJ partner. DJ has taxable income for the year of $200,000. Demarcus received a $75,000 distribution from the partnership. What amount of income related to DJ must Demarcus recognize?

  Differences-nol-allocation methods and taxes

What are the permanent and temporary differences? What is NOL? Why does it occur? What are the allocation methods? What are the deferred tax assets and deferred tax liability?

  Characteristic of management accounting

The reason of the marketing idea is to rivet the attention of marketing managers on serving broad classes of requires supplier employee partner customer.

  Required tax year-end for the partnership

The partnership does not have a natural business year. What is the required tax year-end for the partnership (if no Sec. 444 election is made)?

  Fair value of the equipment

Circle Co. purchased a piece of equipment by paying $10,000 cash. Circle Co. also incurred a shipping cost of $600 to get the equipment back to its factory. The fair value of this equipment is $11,000. For what amount should Circle Co. record the ..

  Equity securities-expressing losses

Boulter, Inc. began business on January 1, 2006. At the end of December 2006, Boulter had the following investments in equity securities:

  Semiannually on a straight-line basis

Schuss Inc. issued $3,000,000 of 10%, 10-year convertible bonds on June 1, 2010, at 98 plus accrued interest. The bonds were dated April 1, 2010, with interest payable April 1 and October 1. Bond discount is amortized semiannually on a straight-li..

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