Use the following information for questions 2-9 Category 2016 2017 34,500 37,500 96,000 102,000 13,500 11,250 187,500 204,000 6,000 16,800 10,500 11,550 109,500 144,000 18,000 19,500 13,500 13,800 93,000 96,000 112,500 116,250 315,000 ??? 49,500 54,000 42,000 52,500 102,000 114,000 213,000 282,000 8,250 15,750 Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Gross fixed assets in 2017. 1) increased by $38,250 O2) decreased by $52,650 3) increased by $50,250 4) increased by $49,250 O 5) decreased by $72,650 compared to 2016.

Use the following information for questions 2-9 Category 2016 2017 34,500 37,500 96,000 102,000 13,500 11,250 187,500 204,000 6,000 16,800 10,500 11,550 109,500 144,000 18,000 19,500 13,500 13,800 93,000 96,000 112,500 116,250 315,000 ??? 49,500 54,000 42,000 52,500 102,000 114,000 213,000 282,000 8,250 15,750 Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Gross fixed assets in 2017. 1) increased by $38,250 O2) decreased by $52,650 3) increased by $50,250 4) increased by $49,250 O 5) decreased by $72,650 compared to 2016.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter11: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 11.18E

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