Question :
71. Trend analysis also called: A. Financial analysisB. Ratio analysisC. Index number trend analysisD. Industry analysisE. Output : 1256463
71. Trend analysis is also called: A. Financial analysisB. Ratio analysisC. Index number trend analysisD. Industry analysisE. Output analysis
72. The dollar change for a financial statement item is calculated by: A. Subtracting the analysis period amount from the base period amount.B. Subtracting the base period amount from the analysis period amount.C. Subtracting the analysis period amount from the base period amount, dividing the result by the base period amount, then multiplying that amount by 100.D. Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, then multiplying that amount by 100.E. Subtracting the base period amount from the analysis amount, then dividing the result by the base amount.
73. A company’s sales in 2013 were $250,000 and in 2014 were $287,500. Using 2013 as the base year, the sales trend percent for 2013 is: A. 87%B. 100%C. 115%D. 15%E. 13%
74. In horizontal analysis the percent change is computed by: A. Subtracting the analysis period amount from the base period amount.B. Subtracting the base period amount from the analysis period amount.C. Subtracting the analysis period amount from the base period amount, dividing the result by the base period amount, then multiplying that amount by 100.D. Subtracting the base period amount from the analysis period amount, dividing the result by the base period amount, then multiplying that amount by 100.E. Subtracting the base period amount from the analysis amount, then dividing the result by the analysis period amount.
75. Selected comparative income statement amounts for a company are shown below. Using 2013 as the base year for a horizontal analysis, compute the account with the most significant change.
2013
2014
Sales
$400,000
$520,000
General and administrative expenses
$27,000
$29,700
Interest expense
$1,000
$1,700
Miscellaneous expense
$100
$200
A. Sales.B. General and administrative expenses.C. Interest expense.D. Miscellaneous expense.E. Cannot be determined from the given data.
76. Based on the data given below, which of the following statements are true?
Case
Analysis Period
Base Period
A
$1,500
$(4,500)
B
(1,000)
2,000
C
8,000
—
D
0
$10,000
A. The percent change for case C is 100%.B. A percent change either cannot be computed or is not meaningful for cases A, B, C, and D.C. A percent change either cannot be computed or is not meaningful for case C.D. A percent change either cannot be computed or is not meaningful for cases B and C.E. A percent change either cannot be computed or is not meaningful for cases A, B, and C.
77. In which comparative financial statements is each amount expressed as a percentage of a base amount?A. Asset comparative statements.B. Percentage comparative statements.C. Common-size comparative statements.D. Sales comparative statements.E. General-purpose financial statements.
78. Comparative financial statements in which each amount is expressed as a percentage of a base amount and in which the base amount is expressed as 100% are called: A. Comparative statements.B. Common-size comparative statements.C. General-purpose financial statements.D. Base line statements.E. Index statements.
79. Common-size statements: A. Reveal changes in the relative magnitude of each financial statement item.B. Do not emphasize the relative magnitude of each item.C. Compare financial statements over time.D. Show the dollar amount of change for financial statement items.E. Consist of two or more balance sheets arranged side-by-side.
80. The common-size percent is computed by: A. Dividing the analysis amount by the base amount.B. Dividing the base amount by the analysis amount.C. Dividing the analysis amount by the base amount and multiplying the result by 100.D. Dividing the base amount by the analysis amount and multiplying the result by 1,000.E. Subtracting the base amount from the analysis amount and multiplying the result by 100.
