Calculate the Percent Increase or Decrease for Each of the Following

question 93

Essay

Calculate the percent increase or decrease for each of the following financial statement items:
$$\begin{array} { | l | r | r | } \hline & { 2014 } &2013 \\\hline \text { Cash } & \$ 37,500 & \$ 30,000 \\\hline \text { Accounts receivable } & 63,000 & 52,500 \\\hline \text { Inventory } & 61,500 & 90,000 \\\hline \text { Accounts payable } & 35,100 & 27,000 \\\hline \text { Sales } & 187,500 & 150,000 \\\hline \text { Equipment } & 165,000 & 125,000 \\\hline\end{array}$$

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Definitions:

Evaporation

The process by which liquid water turns into water vapor, removing heat from the environment, which can cool surfaces.

Venation Patterns

The arrangement of veins in a leaf or insect's wing, which can be used for identification and classification purposes.

Eudicots

One of the two major groups of flowering plants, characterized by having two cotyledons (seed leaves), net-veined leaves, and flower parts usually in multiples of four or five.

Monocots

A group of flowering plants (angiosperms) that have a single embryonic leaf, or cotyledon, in their seeds.