Coca Cola - Team Orange
docx
keyboard_arrow_up
School
Franklin University *
*We aren’t endorsed by this school
Course
330
Subject
Accounting
Date
May 22, 2024
Type
docx
Pages
5
Uploaded by YoYoCHBA
Coca-Cola Company Analysis
Franklin University
ACCT320-U1WW Financial Accounting Theory
Team Orange – Krystal Rogols, John Motil, Yohanath Chavarria Barahona, Amanda Rupert
10/31/23
History
“
On May 8, 1886, Dr. John Pemberton brought his perfected syrup to Jacobs’ Pharmacy in downtown Atlanta where the first glass of Coca-Cola was poured” (
History
). As a result of that fateful day, Coca-Cola has become a thriving company, with a purpose of “refreshing the world and making a difference” and a vision to “craft the brands and choice of drinks that people
love, to refresh them in body and spirit” (
Purpose-and-Vision).
They have over 200 brands that vary widely in types such as soda, sports drinks, coffee and tea, juice, alcohol, and much more that are served worldwide (
About Us)
. One of Coca-Cola’s claims as a business is that they prioritize sustainability. “We do business the right way, not just the easy way” is the claim on their website (
About Us
). Doing business “the right way” is a subjective statement that can vary widely depending on the audience viewing the business, but there are several areas of business that most outside individuals review when considering if a business is solid. These areas are Profitability and Revenues, Liquidity and Flexibility, Debts and Investments, and Pension/Compensation Plans and Growth Plans. In the following paragraphs we will create a high-level review of each of these topics to determine help support the decision on whether Coca-Cola is truly doing business “the right way”.
Revenues, Accounts Receivable trends, and Profitability
Coca-Cola posts all financial statements publicly on their website, under the investors tab (
Financial information
). All revenue comparisons, accounts receivable trends, and profitability discussion in the following section are based on information published in this section.
Revenues, at their core, are sales and monies that come into a company based on their typical course of operation. Because Coca-Cola is a production based organization, operating revenue for them
would relate to the sales and distribution of their beverages that they produce. The Income Statement published on their website gives a side by side comparison of their six months ending 6/30/23 and 7/1/22 with all numbers listed in millions. For net operating revenue, the company has $22,952 for 2023 versus $21,816 for 2022, giving a increase of $1,136 million in revenue increase. Because these revenues are based on operations, it’s not sufficient to only look at increased revenues and not look to see if there is an offsetting increase in cost of goods sold. In Coca-Cola’s case there is an increase in this line as well. Cost of Goods Sold for 2023 are $9,229 vs $8,921 for 2022. When those are considered, it leaves a gross profit of $13,723 for 2023 versus $12,895. This $828 million in increase is a more accurate
view of how Coca-Cola’s revenues are trending. As a historical view, Gross Profits for 7/2/21 were $11,857 and for 6/26/20 were $9,367. When analyzing revenue, Coca-Cola has had a sound and steady increase even when considered against Cost of Goods Sold.
Account receivables are revenues that have been added to the operating revenue but have not yet been collected. This is an important number to review because a company can look very profitable but have no money if none of the sales have been paid. Account receivables can be found on the balance sheet and there are two things to consider when looking at them. The first is the Total outstanding receivables and the second is the allowance of doubtful accounts. Allowance for doubtful accounts is an offsetting contra account that reflects the portion of the accounts receivable that are deemed potentially uncollectable. In Coca-Cola’s case, accounts receivable net of allowance for doubtful accounts (gross receivables less doubtful) are as follows (in millions, all Q2 related): 2023-
$3970, 2022-$3487, 2021-$4036, 2022-$3144. The 2021 spike in accounts receivable is potentially due to COVID and the resulting turmoil on markets. There has been an increase from 2022 to 2023 of approximately 500 million, but that is less than the growth in revenue, so while it is a trend to monitor, it’s not necessarily something to be alarmed by.
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Reviewing Revenue and Accounts Receivable leads into the question of profitability. Is Coca-
Cola profitable? The revenue review shows that Coca-Cola has increased their revenues which is a wonderful trend on them being profitable. The Accounts Receivable review shows that they have a slight increase when comparing their Q2 year over year amounts (net of doubtful), but the increase is below the increase in revenue amounts, which shows that they are not selling more items without collecting the cash on them. An additional thing to view in profitability is the net income. This can be found on the income statement. For Coca-Cola, their Q2 consolidated net income over the years was: 2023-$5634, 2022-$4686, 2021-$4879, 2020-$4554. Over the years, they’ve had ebbs and flows on the amounts, with 2023 being their highest. This shows that there were not a lot of additional expenses incurred to generate their additional revenue for this year. Based on these numbers, Coca-Cola does seem profitable.
Liquidity, Solvency, Financial Flexibility, and Cash Flow
Debt, Other Liabilities, and Investments
Pensions/Post Retirement Plans, Share-Based Compensations, and Growth Plans
Conclusion
References
About Us
. Coca. (n.d.). https://www.coca-colacompany.com/about-us
Financial information
. The Coca-Cola Company. (n.d.). https://investors.coca-
colacompany.com/financial-information History
. Coca. (n.d.). https://www.coca-colacompany.com/about-us/history
Purpose-and-Vision
. Coca. (n.d.). https://www.coca-colacompany.com/about-us/purpose-and-
vision
Schroeder, R. G., Clark, M. W., & Cathey, J. M. (2019). Financial Accounting Theory and Analysis: Text and Cases
(13th ed.). Wiley Global Education US.
Related Documents
Related Questions
Analyze, Think, Communicate
ATC 7-1 Business Applications Case Preparing and using pro forma statements
Mary Helu and Jason Haynes rccently graduated from the same university Aftcr graduation thcy decidcd not to scck jobs at cstablishcd
organizations but, rather, to start thcir own small busincss hoping they could have morc flexibility in their personal lives for a few ycars.
Mary's family has operated Mexican restaurants and taco trucks for the past two gcncrations, and Mary noticcd thcre were no taco truck
Scrviccs in the town where their university was locatcd. To reduce the amount they would nced for an initial investment, they dccided to start
a business opcrating a taco cart rather than a taco truck, from which they would cook and scrve traditional Mexican-style strect food.
They bought a used taco cart for $18,000. This cost, along with the cost for supplics to get startcd, a busincss liccnse, and street vendor
licensc brought their initial cxpenditures to S22,000. They took…
arrow_forward
Bb https://learn-us-east-1-prod-fleet02...
Bb https://learn-us-east-1-prod-fleet02...
C
ormat Tools Add-ons Help
Normal text
Arial
Last edit was seconds ago
18 +
BI
UA
▼
1
1
2
1
3
4
51
6
BUS 208 - Principles of Accounting II
Chapter 12
Karen Smith and Abby Jones formed a partnership, investing $250,000 and $125,000,
respectively. Determine their participation in the year's net income of $420,000 under each of
the following independent assumptions. Please show your calculations.
M
THERN FIL
I
d. Salary allowances of $50,000 and $60,000, respectively, and the remainder divided
equally.
e. Allowance of interest at the rate of 5% on original investments, salary allowances
of $40,000 and $80,000 respectively and the remainder divided equally.
MAY
1
25
SC
7198
280
Bb https://learn-us-east-
E
11
I
átv
arrow_forward
financial management ch 15 hw
please show work.
question 10
(EBIT-EPS analysis) Three recent graduates of the computer science program at the University of Tennessee are forming a company that will write and distribute new application software for the iPhone. Initially, the corporation will operate in the southern region of Tennessee, Georgia, North Carolina, and South Carolina. A small group of private investors in the Atlanta, Georgia area is interested in financing the startup company and two financing plans have been put forth for consideration:
• The first (Plan A) is an all-common-equity capital structure.
$2.5 million dollars would be raised by selling common stock at $20 per common share.
• Plan B would involve the use of financial leverage.
$1.1 million dollars would be raised by selling bonds with an effective interest rate of 10.6
percent (per annum), and the remaining $1.4 million would be raised by selling common stock at the $20 price per share.…
arrow_forward
все
Google Chrome - D...
My Learning Progre... N Northwestern Univ...
Solution Manual Fo... Business Law
Question 28 of 40
View Policies
Show Attempt History
<
Current Attempt in Progress
X Your answer is incorrect.
0/0.3
Your grandfather has agreed to deposit a certain amount of money each year into an account paying 7.90 percent annually to help you
go to graduate school. Starting next year, and for the following four years, he plans to deposit $2,350, $8,600, $7,200, $6,600, and
$12,150 into the account. How much will you have at the end of the five years? (Round answer to 2 decimal places, e.g. 15.25.)
Future value at end of five years
eTextbook and Media
Save for Later
Using multiple attempts will impact your score.
20% score reduction after attempt 2
Q Search
41719.11
GUND
Attempts: 1 of 3 used Submit Answer
arrow_forward
Cashaun Wo x
CCU
brightspace.wiltech.edu/d2l/le/7659/discussions/topics/2429/View
Subscribe
New Wave Images is a graphics design firm that prepares its financial statements using a calendar year.
Manny Kinn, the company treasurer and vice president of finance, has prepared a classified balance sheet
as of December 31. In January, this balance sheet will be submitted along with an application for a loan
from First Peoples Community Bank. An excerpt from the balance sheet follows:
Cash
$ 25,000
Accounts Receivable
85,000
Total Assets
$ 250,000
The accounts receivable balance includes a $56,000 loan to Tom Morrow, the company president. Tom
borrowed the money from New Wave 18 months earlier for a down payment on a new home. Tom has
orally assured Manny that he will pay off the loan within the next year. Because Tom is the company
president, Manny treats the amount due as a trade account receivable. In addition, Manny knows that the
bank will consider a large balance in trade accounts…
arrow_forward
Alpesh
Don't upload image please
arrow_forward
al
ing
the
cerns
ssage
CASES FOR ANALYSIS
wor
Case 7-1
incisione dovolment
ant esinspo by blow wat
(1910
The Oracle of Omaha Speaks About
Board Members
YOY 100W 200odonW
Warren Buffett, the chairman and CEO of
Berkshire Hathaway, published his annual letter
to shareholders on February 22, 2020. The letter
discussed how Berkshire Hathaway's business
fared throughout 2019 and addressed a number of
topics, including corporate governance. In the fol-
lowing excerpt, Buffett described the qualities of a
meddai yosh
good director: pisan
I'd like you to know that almost all of the
directors I have met over the years have
been decent, likable and intelligent. They
dressed well, made good neighbors and
Bur
76
airil to anot udi sahesh oy oy
ndow april baloobs fiet
were fine citizens.... Nevertheless, many
of these good souls are people whom I
would never have chosen to handle money
or business matters. It simply was not
their game. They, in turn, would never
have asked me for help in removing a…
arrow_forward
Bb https://learn-us-east-1-prod-fleet02...
Bb https://learn-us-east-
Last edit was seconds ago
-1
18
+ BIU
EEEE
1
2
3
4
5
6
L
BUS 208 - Principles of Accounting II
Chapter 12
Karen Smith and Abby Jones formed a partnership, investing $250,000 and $125,000,
respectively. Determine their participation in the year's net income of $420,000 under each of
the following independent assumptions. Please show your calculations.
a. No agreement concerning division of net income.
b. Divided in the ratio of original capital investment.
c. Interest at the rate of 4% allowed on original investments and the remainder divided in
the ratio of 4:1.
X
d. Salary allowances of $50,000 and $60,000, respectively, and the remainder divided
equally.
e. Allowance of interest at the rate of 5% on original investments, salary allowances
of $40,000 and $80,000 respectively and the remainder divided equally.
MAY
25
280
J
ormat Tools Add-ons Help
Normal text
Arial
Bb https://learn-us-east-1-prod-fleet02...
G
-
1…
arrow_forward
edugen.wileyplus.com
| 山 + G
Return to Blackboard
Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College
Help | System Announcements
CALCULATOR
PRINTER VERSION
1 BACK
NEXT
Exercise 133 a-b
On September 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $245,000; the Accounts
Payable control account had a credit balance of $109,000.
The October transactions recorded in the special journals are presented below.
Special Journals
October Transactions
Sales journal
Total sales
$183,000
Purchases journal
Total purchases
75,000
Cash receipts journal
Accounts receivable column total
128,000
Cash payments journal
Accounts payable column total
49,000
Compute the balance of the accounts receivable control accounts after the monthly postings on October 31.
Accounts Receivable
Compute the balances of the accounts payable control accounts after the monthly postings on…
arrow_forward
formation - FIINA222
Class Kapoor, Personal Finance
M MHE Reader
A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F116%5Bdata-uuid-84008053bad84db28aaafelaf7ae
->
Restaurant spending, $130
Page 110
4. Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount.
a. Assets $48,000; liabilities $12,800; net worth $
b. Assets $78,780; liabilities $
; net worth $13,700.
C. Assets $44,280; liabilities $12,265; net worth $
d. Assets $
: liabilities $38,374; net worth $53,795.
arrow_forward
Chapter X +
mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheduca
apter 15, 16, and 17 i
Saved
10
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars):
Pretax accounting income:
Pretax accounting income included:
$ 160
N
Overweight fines (not deductible for tax purposes)
8
80
119
Depreciation expense
Depreciation in the tax return
The applicable tax rate is 25%. There are no other temporary or permanent differences.
Franklin's taxable income ($ in millions) is:
Multiple Choice
here to search
$121.
F3
F4
F5
F6
F7
F8
F9
F10
F11
F12
Priser
%
00
75°F Cle
arrow_forward
earning Hub
its itslearning
G Select all that apply to x
O Business Chapter 8 Fla x
G Rent-to-own
A wayne.itslearning.com/ContentArea/ContentArea.aspx?LocationID=D47229&LocationType=1&ElementID=1468926
okmarks ts e pa M 9 SC
4 R Home
田
Select all that apply to a saving account
Your answer:
emergency fund
community stock owned by family members
Lower amount of risk
lower rate of return
arrow_forward
erd-2020 Fall T x
spurs meaning Google
Upitan
Oregon Trail Map
magnetic packag..
Señor Wooly
How to Ens Your
Board
CP1-4 Communication
There are two common causes of business and accounting fraud:
• A failure of individual character
• A culture of greed or ethical indifference within an organization
Required:
Write a brief memo describing how these two factors could lead to accounting
fraud.
Thread:
Wnte Your response as reguested above, It should be in memo format as
cholarly sources to
arrow_forward
multiplymovement.com/english_multiply.pdf
WileyPLUS
WileyPLUS: MyWileyPLUS | Help I Contact Us | Log C
Weygandt, Accounting Principles, 13e
FINANCIAL/MANAGERIAL ACCOUNTING (ACC 124/125/201/20
CALCULATOR
STANDARD VIEW
PRINTER VERSION
1 BACK
NEXT
Exercise 10-13 a1-a2 (Part Level Submission) (Video)
Gill Company, organized in 2020, has the following transactions related to intangible assets.
1/2/20
Purchased patent (7-year life)
$595,000
4/1/20
Goodwill purchased (indefinite life)
360,000
7/1/20
10-year franchise
480,000
9/1/20
Research and development costs
185,000
- (a1)
Prepare the necessary entries to record these intangibles. All costs incurred were for cash. Make the adjusting entries as of December 31, 2020, recording any necessary amortization. (Credit
account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required,
select "No Entry" for the account titles and enter 0…
arrow_forward
Neep help with this . Thank you
arrow_forward
Question 1
arrow_forward
Homework: Corporate Reporting X M Question 10 Homework.
o.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Flms.mheducation.com%252Fmghmiddlewar
Dorate Reporting and Analysis Problems...
X
Saved
Required information
[The following information applies to the questions displayed below.]
Raphael Corporation's balance sheet shows the following stockholders' equity section.
Preferred stock-5% cumulative, $ par value, 1,000 shares authorized, issued, and outstanding
Common stock-$ par value, 4,000 shares authorized, issued, and outstanding
Retained earnings
Total stockholders' equity
Total amount paid to the preferred shareholders
Total amount paid to the common shareholders
$ 75,000
100,000
400,000
$575,000
2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $23,750,
compute the total amount paid to (a) preferred shareholders and (b) common shareholders.
arrow_forward
ting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College
Return to Blackboard
SOFTWARE UPC
Help | System Announcements
macOS Big Sur 11.:
later tonight.
Problem 5A-3A
CALCULATOR
PF
Vaughn Corporation makes blenders (its merchandise) and entered into the following transactions during the month of September 2017.
Sept. 2
Purchased merchandise from Jones Company on credit for $4,330. Credit terms were 2/10, n/30.
Paid $240 for the delivery charges on the merchandise purchased on September 2.
5.
Purchased merchandise from Moses Company on credit for $4,270. Credit terms were 3/10, n/30.
6.
Sold merchandise for cash, $1,310.
8.
Purchased store equipment for $8,400 from Santa Corporation. A down payment of $3,900 was made, and a note was signed for the remaining balance.
6.
Sold merchandise on credit to Stephanie Company for $1,200. The credit terms of the sale were 3/15, n/45.
10
Returned $230 of defective merchandise to Jones Company and received the appropriate…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you

Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning

Survey of Accounting (Accounting I)
Accounting
ISBN:9781305961883
Author:Carl Warren
Publisher:Cengage Learning
Related Questions
- Analyze, Think, Communicate ATC 7-1 Business Applications Case Preparing and using pro forma statements Mary Helu and Jason Haynes rccently graduated from the same university Aftcr graduation thcy decidcd not to scck jobs at cstablishcd organizations but, rather, to start thcir own small busincss hoping they could have morc flexibility in their personal lives for a few ycars. Mary's family has operated Mexican restaurants and taco trucks for the past two gcncrations, and Mary noticcd thcre were no taco truck Scrviccs in the town where their university was locatcd. To reduce the amount they would nced for an initial investment, they dccided to start a business opcrating a taco cart rather than a taco truck, from which they would cook and scrve traditional Mexican-style strect food. They bought a used taco cart for $18,000. This cost, along with the cost for supplics to get startcd, a busincss liccnse, and street vendor licensc brought their initial cxpenditures to S22,000. They took…arrow_forwardBb https://learn-us-east-1-prod-fleet02... Bb https://learn-us-east-1-prod-fleet02... C ormat Tools Add-ons Help Normal text Arial Last edit was seconds ago 18 + BI UA ▼ 1 1 2 1 3 4 51 6 BUS 208 - Principles of Accounting II Chapter 12 Karen Smith and Abby Jones formed a partnership, investing $250,000 and $125,000, respectively. Determine their participation in the year's net income of $420,000 under each of the following independent assumptions. Please show your calculations. M THERN FIL I d. Salary allowances of $50,000 and $60,000, respectively, and the remainder divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $40,000 and $80,000 respectively and the remainder divided equally. MAY 1 25 SC 7198 280 Bb https://learn-us-east- E 11 I átvarrow_forwardfinancial management ch 15 hw please show work. question 10 (EBIT-EPS analysis) Three recent graduates of the computer science program at the University of Tennessee are forming a company that will write and distribute new application software for the iPhone. Initially, the corporation will operate in the southern region of Tennessee, Georgia, North Carolina, and South Carolina. A small group of private investors in the Atlanta, Georgia area is interested in financing the startup company and two financing plans have been put forth for consideration: • The first (Plan A) is an all-common-equity capital structure. $2.5 million dollars would be raised by selling common stock at $20 per common share. • Plan B would involve the use of financial leverage. $1.1 million dollars would be raised by selling bonds with an effective interest rate of 10.6 percent (per annum), and the remaining $1.4 million would be raised by selling common stock at the $20 price per share.…arrow_forward
- все Google Chrome - D... My Learning Progre... N Northwestern Univ... Solution Manual Fo... Business Law Question 28 of 40 View Policies Show Attempt History < Current Attempt in Progress X Your answer is incorrect. 0/0.3 Your grandfather has agreed to deposit a certain amount of money each year into an account paying 7.90 percent annually to help you go to graduate school. Starting next year, and for the following four years, he plans to deposit $2,350, $8,600, $7,200, $6,600, and $12,150 into the account. How much will you have at the end of the five years? (Round answer to 2 decimal places, e.g. 15.25.) Future value at end of five years eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 2 Q Search 41719.11 GUND Attempts: 1 of 3 used Submit Answerarrow_forwardCashaun Wo x CCU brightspace.wiltech.edu/d2l/le/7659/discussions/topics/2429/View Subscribe New Wave Images is a graphics design firm that prepares its financial statements using a calendar year. Manny Kinn, the company treasurer and vice president of finance, has prepared a classified balance sheet as of December 31. In January, this balance sheet will be submitted along with an application for a loan from First Peoples Community Bank. An excerpt from the balance sheet follows: Cash $ 25,000 Accounts Receivable 85,000 Total Assets $ 250,000 The accounts receivable balance includes a $56,000 loan to Tom Morrow, the company president. Tom borrowed the money from New Wave 18 months earlier for a down payment on a new home. Tom has orally assured Manny that he will pay off the loan within the next year. Because Tom is the company president, Manny treats the amount due as a trade account receivable. In addition, Manny knows that the bank will consider a large balance in trade accounts…arrow_forwardAlpesh Don't upload image pleasearrow_forward
- al ing the cerns ssage CASES FOR ANALYSIS wor Case 7-1 incisione dovolment ant esinspo by blow wat (1910 The Oracle of Omaha Speaks About Board Members YOY 100W 200odonW Warren Buffett, the chairman and CEO of Berkshire Hathaway, published his annual letter to shareholders on February 22, 2020. The letter discussed how Berkshire Hathaway's business fared throughout 2019 and addressed a number of topics, including corporate governance. In the fol- lowing excerpt, Buffett described the qualities of a meddai yosh good director: pisan I'd like you to know that almost all of the directors I have met over the years have been decent, likable and intelligent. They dressed well, made good neighbors and Bur 76 airil to anot udi sahesh oy oy ndow april baloobs fiet were fine citizens.... Nevertheless, many of these good souls are people whom I would never have chosen to handle money or business matters. It simply was not their game. They, in turn, would never have asked me for help in removing a…arrow_forwardBb https://learn-us-east-1-prod-fleet02... Bb https://learn-us-east- Last edit was seconds ago -1 18 + BIU EEEE 1 2 3 4 5 6 L BUS 208 - Principles of Accounting II Chapter 12 Karen Smith and Abby Jones formed a partnership, investing $250,000 and $125,000, respectively. Determine their participation in the year's net income of $420,000 under each of the following independent assumptions. Please show your calculations. a. No agreement concerning division of net income. b. Divided in the ratio of original capital investment. c. Interest at the rate of 4% allowed on original investments and the remainder divided in the ratio of 4:1. X d. Salary allowances of $50,000 and $60,000, respectively, and the remainder divided equally. e. Allowance of interest at the rate of 5% on original investments, salary allowances of $40,000 and $80,000 respectively and the remainder divided equally. MAY 25 280 J ormat Tools Add-ons Help Normal text Arial Bb https://learn-us-east-1-prod-fleet02... G - 1…arrow_forwardedugen.wileyplus.com | 山 + G Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Community College Help | System Announcements CALCULATOR PRINTER VERSION 1 BACK NEXT Exercise 133 a-b On September 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $245,000; the Accounts Payable control account had a credit balance of $109,000. The October transactions recorded in the special journals are presented below. Special Journals October Transactions Sales journal Total sales $183,000 Purchases journal Total purchases 75,000 Cash receipts journal Accounts receivable column total 128,000 Cash payments journal Accounts payable column total 49,000 Compute the balance of the accounts receivable control accounts after the monthly postings on October 31. Accounts Receivable Compute the balances of the accounts payable control accounts after the monthly postings on…arrow_forward
- formation - FIINA222 Class Kapoor, Personal Finance M MHE Reader A https://player-ui.mheducation.com/#/epub/sn_7cac#epubcfi(%2F6%2F116%5Bdata-uuid-84008053bad84db28aaafelaf7ae -> Restaurant spending, $130 Page 110 4. Computing Balance Sheet Amounts. For each of the following situations, compute the missing amount. a. Assets $48,000; liabilities $12,800; net worth $ b. Assets $78,780; liabilities $ ; net worth $13,700. C. Assets $44,280; liabilities $12,265; net worth $ d. Assets $ : liabilities $38,374; net worth $53,795.arrow_forwardChapter X + mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheduca apter 15, 16, and 17 i Saved 10 The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: Pretax accounting income included: $ 160 N Overweight fines (not deductible for tax purposes) 8 80 119 Depreciation expense Depreciation in the tax return The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is: Multiple Choice here to search $121. F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 Priser % 00 75°F Clearrow_forwardearning Hub its itslearning G Select all that apply to x O Business Chapter 8 Fla x G Rent-to-own A wayne.itslearning.com/ContentArea/ContentArea.aspx?LocationID=D47229&LocationType=1&ElementID=1468926 okmarks ts e pa M 9 SC 4 R Home 田 Select all that apply to a saving account Your answer: emergency fund community stock owned by family members Lower amount of risk lower rate of returnarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage LearningSurvey of Accounting (Accounting I)AccountingISBN:9781305961883Author:Carl WarrenPublisher:Cengage Learning

Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning

Survey of Accounting (Accounting I)
Accounting
ISBN:9781305961883
Author:Carl Warren
Publisher:Cengage Learning