ACCO2000_TAREA_3-2

Use the below information to answer the following questions:     20202021Sales$11,573$12,936Depreciation    1661     1736Cost of goods sold    3979     4707Other Expenses      846       924Interest Expense       776       926Cash     6067     6466Accounts Receivables     8034     9427Short-term Notes Payable     1171     1147Long-term debt    20,320    24,696Net fixed assets    50,888    54,273Accounts Payable       4384       4644Tax rate       26%       34%Inventory      14,283    15,288Payout ratio        33%       30%                       A.    Create the Balance Sheets for 2020 & 2021.

Use the following table:   Case X   Case Y   Case Z   Cash $ 940   $ 1,470   $ 1,940   Short-term investments   0     0     780   Receivables   0     1,690     1,360   Inventory   3,400     1,560     6,520   Prepaid expenses   2,600     1,020     1,460   Total current assets $ 6,940   $ 5,740   $ 12,060   Current liabilities $ 3,600   $ 1,800   $ 5,750     Required:Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily. (Round your answers to 2 decimal places.)

payable. Interest Payment Date Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Dec 31, 2026 Dec 31, 2027 Dec 31, 2028 Dec 31, 2029 Dec 31, 2030 Cash Payment Amount $927,185 $87,185 $840,000 Decrease Interest in Expense Discount $840,000 $911,169 $71,169 $840,000 $916,151 $76,151 $840,000 $921,481 $81,481 $840,000 $927,185 $87,185 $840,000 $933,288 $93,288 $840,000 $939,818 $99,818 $840,000 $946,805 $840,000 $954,282 $840,000 $962,281 $122,281 $840,000 $970,841 $130,841 $106,805 $114,282 Discount $912,133 $835,982 $754,501 $667,316 $574,028 $474,210 $367,404 $253,123 $130,841 $0 TUS How much CASH will the company pay related to bond interest in 2024? Book Value $13,087,867 $13,164,018 $13,245,499 $13,332,684 $13,425,972 $13,525,790 $13,632,596 $13,746,877 $13,869,159 $14,000,000

A company borrows as follows: amortiza oustanding t interest instalment tion amount 0 0 301.386 0 3.000.000 1 90.000 301.386 211.386 2.788.614 2 83.658 301.386 217.728 2.570.886 3 77.127 301.386 224.260 2.346.626 4 70.399 301.386 230.987 2.115.639 5 63.469 301.386 237.917 1.877.722 6 56.332 301.386 245.055 1.632.667 7 48.980 301.386 252.406 1.380.261 8 41.408 301.386 259.978 1.120.282 9 33.608 301.386 267.778 852.505 10 25.575 301.386 275.811 576.693 11 17.301 301.386 284.085 292.608 12 8.778 301.386 292.608 Loan was requested on 31 October 2019 and instalments are monthly. It is requested: a. Make accounting entries for year finished 2019. b. If company were to make a full prepayment on 15 January 2020, how much would it have to pay? Make respective accounting entry(s). Note: Remember that, to transform monthly interest rate to fortnightly interest rate, following formula must be applied: (1 + i_monthly)^ = (1+i_fortnightly) c. If at the time of applying for credit, agreed term for…

Use the information below to answer questions 3, 4, 5 and 6.                                                   2020        2021                                                       Sales$5,300 $5,900 Depreciation750850COGS24002900Interest180196Cash200500Accts Receivables200400Notes Payable800550Long-term debt15001950Net fixed assets30003500Accounts Payable250400Inventory700900Dividend payout30%30%Tax rate35%30%                                      What is the ROE for 2021?

Life-Positive’s Account Balances                                                       2021 ($) 2022 ($)  accounts payable                 24,600.00     21,250.00Accounts receivable             15,700.00    12,340.00Cash                                     23,450.00   28,600.00Cost of goods sold              19,700.00      23,000.00Depreciation                       3,090.00          4,590.00Dividends                           5,800.00       10,800.00Interest                              2,340.00         2,890.00Inventory                          7,050.00         8,640.00Long-term debt               28,000.00       30,000.00Net fixed assets             41,500.00       48,000.00Other expenses            2,400.00          2,800.00Sales                           58,000.00        62,500.00Short-term Notes Payable 2,890.00    2,340.00Shares outstanding      85,000.00     90,000.00 tax rate is 32% 4. Calculate the cash flow from assets, cash flow to creditors,and cash flow to stockholders…

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Assets Cash and cash equivalents Inventories Receivables (net) Taxes receivable (net) Due from General Fund Total assets Liabilities Accounts payable Due to Special Revenue Fund Total liabilities General Fund Revenue Fund $ 126,000 6,150 96,500 $ 12,500 7,700 Total $ 138,500 6,150 96,500 7,700 $ 228,650 $ 20,200 $ 248,850 86,550 4,000 7,700 90,550 7,700 94,250 4,000 98,250 6,150 6,150 16,200 16,200 128,250 128,250 134,400 16,200 150,600 Total liabilities and fund balance $ 228,650 $ 20,200 $ 248,850 Fund balance Nonspendable (inventories) Restricted for other purposes Unassigned Total fund balance Additional Information: a. Capital assets (net of accumulated depreciation) amounted to $326,500 at year-end. b. The liability for long-term compensated absences is estimated to be $87.075 at year-end. c. Long-term notes payable used to acquire equipment amounted to $223,250 at year-end. Requried: Prepare a combined Governmental Funds Balance Sheet or Statement of Net Position. Note: Amounts…

ADBRI Limited (ABC, formerly Adelaide Brighton Limited) is an integrated construction material and lime producing group of companies focused on the construction, engineering, infrastructure and resource sectors in Australia. ABC has three main operating divisions being: Cement, Lime, Concrete and Aggregates and Concrete Masonry Products. Acrow (ACF, formerly NMG Corporation Limited) operates in the Australian construction services industry, hiring formwork, falsework and scaffolding equipment and undertaking sales of formwork and scaffolding related consumables. The Formwork operation involves the supply of the temporary mould that supports concrete structures in their construction. The Scaffolding operation supplies scaffolding equipment and access solutions to builders and building contractors when working at heights. Below are extracts of ACF and ABC Limited's income statements and balance sheets for 2020. Item ACF ABC Limited Income Statement Income Statement Operating Revenue…

1.3Comment on the following:1.3.1Cash flows from operating activities R756 000(4 marks)1.3.2Increase in receivables (R396 000)(4 marks)1.3.3Cash flows from investing activities (R1 368 000)(4 marks)

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Problem 84 (LAA) Summa Company revealed the following account balances on December 31, 2020 Accota payable Accounta receivable, net of allowance for doubtful accounts PS0.000 Accrued taxes Aecrued interest receivable Autherined sbare capital, 60,000 aharea. P100 par Building, net ofaccumulated depreciation of P500,000 3,000.000 Cash on hand Cash in bank Bond sinking fund Furniture and equipment, net ofaccumulated depreciation of P900,000 Iaventory Investment property Land Deferred tax liability Bonds payable due June 30, 2021 Notes payable Notes reoeivable Patent Ocher accrued liabilities Prepaid expenses Share premium Retained earninge appropristed for contingencies Retained eantings Share ubecription receivable Subscribed share capital E000 shares Unianoed share capital 1000,000 50.000 30,000 5,000.000 50.000 650.000 2000.000 1,500,000 1,200,000 700.000 1,000,000 650.000 2.000.000 850.000 200,000 370,000 150,000 100,000 300,000 200,000 2.700,000 500,000 L000,000 2.000,000 Required:…

SAMPAGUITA INSURANCE COMPANY FINANCIAL STATEMENT 2021 ASSETS Cash and cash equivalents P2,574,335 Interest receivable 132,241 Investments 12,340,312 Investment in subsidiary 529,248 Premiums due from policyholders 10,831 Policy loans receivables - net 369,607 Coverage debt receivables - net 960,404 Reinsurance assets 53,439 Property and equipment - net 415,241 Right-of-use assets - net 533,003 Deferred acquisition costs 12,455,967 Other assets - net 1,647,258 Total General Assets 32,021,886 Assets Held to Cover Linked Liabilities 106,573,549 PI 38,595,435 ROSE INSURANCE COMPANY FINANCIAL STATEMENT ASSETS Cash and cash equivalents (Note 4) P 2,177,119,101 Insurance receivables (Note 26) Financial assets (Note 5) 133,720,939 Financial assets at fair value through profit or loss (FVPL) 60,091,263,262 Available-for-sale financial assets 42,348,896,307 Loans and receivables 10,508,989,111 Accrued income (Note 7) 379,787,097 Reinsurance assets (Note 13)…

Question 10 of 25 Based on the following data, what is the amount of working capital? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance $404240 O $411680 > O $458800 $79360 141360 86800 124000 171120 198400 248000 99200 69440 1661600 2480