========================================= 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