Determine the missing 2022 change percentages for (a) Intangible assets and (b) Total assets in the horizontal analysis for Mort Company

The information that the question is referring to is this:

Assets                      2017             2016          Amount      Percent

Current Assets      $900,000   $800,000    $100,000    12.50%

Plant Assets         $475,000    $550,000   ($75,000)     (13.6%)

Intangible Assets  $300,000    $225,000   $75,000    

Total Assets       $1,675,000    $1,575,000  $100,000

Explanation:

Change in intangible assets

75,000 x 100 / 225,000 = 33.3%

Change in total assets

100,000 x 100 / 1,575,000 = 6.3%

consumer credit. an advantage is that it allows consumers to afford expensive goods and services now, increasing their standard of living. however, a disadvantage is that it creates a trap for debt, if people do not have self control, they may see themselves filing personal bankruptcy.