Calculate the Percent Increases for Each of the Following Selected

question 85

Essay

Calculate the percent increases for each of the following selected balance sheet items.
$\begin{array}{|l|r|r|}\hline&2018&2017\\\hline \text { Cash } & \$ 569 & \$448 \\\hline \text { Accounts receivable } & 2,234 & 2,337 \\\hline \text { Merchandise inventory } & 1,062 & 1,071 \\\hline \text { Plant assets } & 2,432 & 2,138 \\\hline \text { Bonds payable } & 1,164 & 1,668 \\\hline \text { Equity } & 2,777 & 2,894 \\\hline\end{array}$

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Definitions:

Tax

An obligatory fiscal contribution or alternative form of charge enforced by a government body on taxpayers to support government activities and public spending.

Demand Function

A mathematical representation showing the relationship between product demand and various factors like price, income, and preferences.

Supply Function

A relation that shows the quantity of a good or service that producers are willing and able to sell at each possible price, holding all other factors constant.

Equilibrium Quantity

The quantity of a good or service at which supply equals demand, and the market is in balance, without any excess supply or shortage.