========================================= ACC 561 Week 3 Wileyplus Practice Quiz
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Horizontal analysis( trend analysis) percentages for Phoenix Company’ s sales revenue, cost of goods sold, and expenses are listed here.
Horizontal Analysis 2017 2016 2015 Sales revenue |
96.2 |
% |
104.8 % |
100.0 % Cost of goods sold |
|
101.0 |
|
98.0 |
100.0 |
|
|
Expenses |
105.6 |
|
95.4 |
100.0 |
|
|
|
Explain whether Phoenix’ s net income increased, decreased, or remained unchanged over the 3-year period.
========================================= ACC 561 Week 3 Wileyplus Practice Quiz
For more course tutorials visit www. uophelp. com
1. A major purpose of cost accounting is to 2. The two basic types of cost accounting systems are 3. A process cost system would most likely be used by a company that makes 4. Which of the following would be accounted for using a job order cost system? 5. The flow of costs in a job order cost system 6. The entry to record the acquisition of raw materials on account is 7. Time tickets should be approved by