question 67
Multiple Choice
Comparative financial statements for Bent Stew Enterprises are shown below: Assets Current assets: Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment, net Intangible assets, net Total assets Liabilities and Stockholders’ Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term debt Total liabilities Stockholders’ equity: Common stock Additional paid-in capital Retained earnings Total stockholders’ equity Total liabilities and stockholders’ equity Sales Cost of goods sold Gross margin Operating expenses Operating income Interest expense Earnings before income taxes Income taxes Net earnings December 312018$3,0008,50012,0001,40024,900103,60064,000$192,500$11,00011,80022,800120,000142,80015,00020,00014,70049,700$192,500 Year Ended December 312018$250,000164,00086,00064,00022,0007,50014,5007,800$6,7002017$8006,0008,20090015,900123,30047,000$186,200$12,0003,20015,200128,000143,20015,00020,0008,00043,000$186,2002017$230,000142,30087,70054,00033,7005,90027,8007,140$20,680 Using horizontal analysis, how much is the percentage change in cash for Bent Stew Enterprises from 2017 to 2018?
Definitions:
Assertiveness
The quality of being self-assured and confident without being aggressive, allowing an individual to express themselves and stand up for their rights.
Cooperativeness
Cooperativeness is the willingness or propensity of individuals to work together for a common goal or benefit.
Conflict Process Model
A framework that outlines the progression of conflict from its origins through the stages of manifestation, escalation, and resolution.
Manifest Conflict
A conflict that is openly expressed or visible, as opposed to being hidden or suppressed.