Sheree_Johnson_BUS340_assignment1

# Sheree_Johnson_BUS340_assignment1 - ShereeM.JohnsonII...

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Sheree M. Johnson II October 11, 2010 BUS340 Managerial Accounting Week 1 Assignment Exercise 17-1  Step 1: Dollar change= analysis period amount – base period amount Step 2: Percent change = Dollar change/base period amount x 100%            2007 sales:                    234,560 – 150,000 = 84,560                                                 84,560/150,000 x 100 = 56.4%                  cost of goods sold: 106,440 – 67,000 = 39,440                                                39,440/67,000 x 100 = 58.9%                   account receivable: 15,200 – 9,000 = 6,200                                                 6,200/9,000 x 100 = 68.9%            2008 sales:                    252,600 – 150,000 = 102,600                                                 102,600/150,000 x 100 = 68.4%                   cost of goods sold: 115,280 – 67,000 = 48,280                                                48,280/67,000 x 100 = 72.1%                   account receivable: 16,400 – 9,000 = 7,400                                                 7,400/9,000 x 100 = 82.2%           2009 sales:                    270,800 – 150,000 = 120,800                                                 120,800/150,000 x 100 = 80.5%                   cost of goods sold: 122,080 – 67,000 = 55,080                                                55,080/67,000 x 100 = 82.2%                  account receivable: 17,300 – 9,000 = 8,300

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## This note was uploaded on 01/16/2011 for the course BUS 340 taught by Professor Linlu during the Spring '10 term at Stratford.

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Sheree_Johnson_BUS340_assignment1 - ShereeM.JohnsonII...

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