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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 %
Cost of goods
sold
101.0
Expenses
105.6
0
104.8 %
98.0
100.0 %
100.0
95.4
100.
Explain whether Phoenix’s net income increased, decreased, or
remained unchanged over the 3-year period.
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ACC 561 Week 3 Wileyplus Practice Quiz
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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