The following is a summary of information presented on the financial statements of a company on december 31, 2017.account20172016net sales revenue $604,000 $504,000cost of goods sold453,000400,000gross profit 151,000104,000selling expenses58,00050,000net income before income tax expense93,00054,000income tax expense41,00021,000net income$52,000$33,000with respect to net sales revenue, a horizontal analysis reveals

It shows a increment of 19.84% in net sales revenue.

Explanation:

In the horizontal analysis, the changes in the items of the financial statement should be recorded that would be proportionate to the sales amount.

The computation is shown below:

= (Difference in sales for two years ÷ last year sales) × 100

= ($100,000 ÷ $504,000) × 100

= 19.84%

Th difference of sales in two years is computed by

= Net Sales in 2017 - Net sales in 2016

= $604,000 - $504,000

= $100,000

It shows a increment of 19.84% in net sales revenue.

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23