The Kiedis Company reported the following:   Year 3 Year 2 Year 1 Revenue 32,000   28,000   26,000 Cost of goods sold 28,400   25,600   22,500 Cash 3,200   2,920   3,500 Net income 3,558   2,340   3,465 Accounts receivable 640   710   600 Notes payable 18,000   21,000   19,000 Inventory 1,700   2,020   1,800 Tax expense 30   40   20 Equipment 18,800   19,400   20,000 Interest expense 12   20   15 Accounts payable 1,200   900   1,000 For a horizontal analysis, what is the percent change in cost of goods sold for year 3?  Convert your final answer to a percentage, round to one decimal place and enter without the “%” sign (e.g. a final answer of 0.105678 would be entered as 10.6).  

The Shakur Corporation manufactures hats.  When the company pays rent on machines that produce cotton, it would record that in a tabular analysis with [response1] and [resppne2].

The Armstrong Company currently has a return on assets ratio of 15 percent and is trying to improve interest by investors.  How many of the following actions would worsen the ratio? Buying equipment Selling inventory at a profit Paying off some current liabilities Obtaining a long-term loan

The Brooks Company manufactures wood guitars and in a recent cost variance report, there was a favorable price variance related to wood. Which of the following may help explain that variance?

If a company planned on purchasing some equipment next month which budgets would be immediately impacted?

The Cobain Company had the following transactions for the month: 1st Owner’s invested $20,000 to start the company 1st Purchased equipment for $9,720; management expects it will be useful for 6 years at which time it should be worthless. 1st Paid administrative rent on office space of $1,750 15th Performed $3,000 of services for customers 30th Received a $200 utility bill; will be paid next month What is the company’s net income for the month?

The Stipe Company recently sold 820 units for $200 each; reported total variable costs of $114,800 and net income of $21,000. If the company’s volume increased to 850 and its fixed costs increased by $3,000, what would be the company’s net income?

The O’Connor Company borrowed $40,000 from a local bank on January 1, 2024 at an interest rate of six percent that will be repaid in full at the end of the three-year term.  How much interest expense should be accrued for 2025?  As needed, round your final answer to the nearest whole dollar and enter as a positive number.

If a company recorded the payment of a dividend in a tabular analysis, the transaction would include (Cash) as a(n) [response1] activity as well as [reponse2] in the [response3] column.

Which of the following behaviors presents the highest risk of contracting hepatitis C?