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• In which type of business(es) are employee costs likely to be a significant part of the business's expenses?
• Which type of business(es) is not likely to have inventory?
• Discuss the cash flow timing differences a manufacturer might face between product manufacture, shipping, and payment
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• Describe the startup and operating expenses that a retailer, manufacturer, and services organization is likely to incur.
• Discuss how payment terms might differ between a manufacturer and a retailer.
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• Why should a business owner use percentage change as a tool to evaluate the change in financial statement values period
• In evaluating financial projections, what insight can the use of percentage change provide a business owner?
During 2018, the value of George and Julie's house increased from $300,000 to $345,000. What's the percentage increase
house?
• Sales during the Christmas season were $436,897 this year vs. $425,341 last year. What's the percentage change?
During his annual review, Luis was informed he would be receiving an 8% raise. His salary was $68,000. What's his new sal
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Exercises/Problems
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1. For each of the following companies, indicate whether they are primarily in the manufacturing, retail, or service business.
Retail,
ly
y.
ner