Horizontal Analysis Showed a 25% Increase in Accounts Receivable in 2022

question 23

Multiple Choice

Horizontal analysis showed a 25% increase in accounts receivable in 2022 over 2021.Vertical analysis showed accounts receivable declining from 7.5% to 6.8% over the same period.Given this information, what conclusion(s) may be reached?

• A)The dollar amount of accounts receivable increased.
• B)The dollar amount of accounts receivable decreased.
• C)It cannot be determined if the dollar amount of accounts receivable increased or decreased.
• D)This result is impossible.An error has been made in the calculations.

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Definitions:

Homogenous Species

A term inaccurately suggesting a species is genetically or phenotypically uniform; in reality, most species exhibit significant genetic and phenotypic diversity.

Gene Flow

The movement of alleles or genes from one population to another through various mechanisms, such as migration.

Regional Variations

Differences in language, culture, practices, or characteristics that vary from one region to another.

Suites Of Traits

A collection or combination of characteristics or qualities that are typically found together within a particular context or entity.