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Q. Horizontal and vertical analysis?
Management carry out horizontal and vertical analyses along with other forms of analysis to help evaluate the wisdom of its past decisions and to plan for the future. Other data would have to be inspecting before decisions could be made regarding the assets shown. For example if you discovered the liabilities that would have to be paid within a short time by Hewlett-Packard were more than USD 30 billion you might conclude that the company is short of cash even though current assets increased substantially during 2000. We exemplify horizontal and vertical analyses to a much greater extent later in the text.
Limitations of Ratio Analysis : In spite of the a variety of uses of ratio analysis, it go through from certain limitations, some of which are as under; 1. Limited use
1. My accountant has told me that my business made a profit of £100,000 last year. However over the same time period my bank balance has decreased and not increased as I expected.
I am trying to figure out FIFO LIFO and AVERAGE COST of the ending inventory and the cost of goods sold.
what is the matching rule applied?
Q. Define Auditing? Auditing A business in quest of a loan or attempting to have its securities traded on a stock exchange typically must provide financial statements to suppor
The Company changed its process of accounting for pre-opening costs. These changes had no cash impact and the pro forma amounts accessible in the consolidated statement of income r
Please explain I'm so lost Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows. Month Units April 2,550 May 2,475 June 2,390 The t
On June 1st, Green Pea, Inc. purchased $1,200 worth of supplies on account. How does this transaction affect Green Pea's accounts? a. Increase supplies and accounts payable by $
WHAT DO YOU MEAN BY ACCRUAL CONCEPT
Q. What is Perpetual inventory records? Perpetual inventory records Even though companies could apply perpetual inventory procedure by hand tracking units and dollars in and ou
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