Below Is a Partially Completed Horizontal Analysis of a Balance

question 9

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 total liabilities and owners equity from Year 1 to Year 2 for Rachels Candle Company?

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Definitions:

Effective Leadership

Involves influencing, motivating, and enabling others to contribute toward the effectiveness and success of the organizations of which they are members.

Psychologically Predisposed

Having a natural inclination or tendency towards certain behaviors or mental states due to psychological factors.

Instructed

means being directed or educated in a particular subject or activity by someone with knowledge or authority on the matter.

Situational Leadership Model

A leadership approach that suggests the most effective leadership style varies according to the task, situation, and level of maturity or readiness of the followers.