Below Is a Partially Completed Horizontal Analysis of a Balance

question 13

Short Answer

Below is a partially completed horizontal analysis of a balance sheet.
Rachel is completing a comparative analysis of her business balance sheet. What is the amount and percent of change in accounts payable from Year 1 to Year 2 for Rachels Candle Company?

---

Definitions:

Coupon Bond

A type of bond that pays the holder a fixed interest payment (coupon) at regular intervals until the maturity date, at which point the principal is repaid.

Maturity

The date on which a debt must be paid back in full or the final payment is due.

Price Sensitivity

The degree to which the price of a product or service affects consumers' purchasing decisions.

Interest Rates

The cost of borrowing money or the return earned from lending money, expressed as a percentage of the principal.