Question

Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal place.)

2015 2014
Short-term investments $ 380,168 $ 239,377
Accounts receivable 102,276 105,903
Notes payable 0 93,973
Answer the table below.
Horizontal Analysis-Calculation of Percent Change
Choose Numerator: / Choose Denominator
Percent Change = /
2015 2014 Dollar Change Percent Change
Short-term investments $ 378,398 $237,313 %
Accounts receivable 100,704 104,650 %
Notes payable 0 91,913 %

Answer 1

Answer and Explanation:

The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-

Particulars 2015 2014 Changes in dollar Percent change

a b c = (a - b) d = c ÷ b

Short term

investments $380,168 $239,377 $140,790 58.82%

Accounts

receivable $102,276 $105,903 -$3,627 -3.42%

Notes

payable 0 $93,973 -$93,973 -100%