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School
Strayer University *
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Course
JWI 530
Subject
Finance
Date
Nov 24, 2024
Type
png
Pages
1
Uploaded by ncpreferred
Question
3
0.4
/0.4
pts
Financial
Statements
like
the
Balance
Sheet
are
required
to
have
standard
titles
and
formats.
Match
the
correct
phrases
-
in
the
correct
sequence
-
with
the
3
lines
on
a
Balance
Sheet
for
"Company
ABC":
Line
1:
Company
ABC
4
|
Ji
o
Line
2:
Balance
Sheet
%
|
Jie
Line
3:
As
of
12/31/2
4
Other
Incorrect
Match
Options:
e
Forthe
Yearended
12/31/2015
e
|n
accordance
with
US
GAAP
e
Balance
Sheet
of
Company
ABC
The
correct
phrases
and
sequence
of
the
3
lines
on
a
Balance
Sheet
are:
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Related Questions
HCS/ x
What x SAAM X
Cove X
G how X
Hosp X
G beau X
+
O Week 4 Horizontal and Vertical Analysis
DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical
analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance.
Dec. 31, 2022
Dec. 31, 2021
Accounts Receivable
460,000
400,000
Inventory
780,000
650,000
Total Assets
3,164,000
2,800,000
NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point
for the answer, as seen in the example below. The text box will highlight red if incorrect after
clicking the Submit button (bottom right corner).
Example:
30000 ÷
500000
6.0
%
Inventory 2022
÷
3164000 = 24.75
%
^4)
End
Insert
10
D
C
0 +
F7
(41)
F8
O
F9
780000
F10
F11
53°F Mostly cloudy
000
Home
F12
10
5/2
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Exercise 5.1 (Static) Accounting Terminology (LO5-1, LO5-2, LO5-3, LO5-4, LO5-5, LO5-6 LO5-7)
Listed as follows are nine technical terms:
.
Liquidity
Adequate disclosure
Income summary
Nominal accounts
.
After-closing trial balance.
. Interim financial statements
.Real accounts
Closing entries
Dividends
Each of the following statements may (or may not) describe one of these technical terms. For each statement, indicate the accounting
term described, or answer "None" if the statement does not describe any of the items.
a. The accounting principle intended to assist users in interpreting financial statements.
b. A term used to describe a company's ability to pay its obligations as they come due.
c. A term used in reference to accounts that are closed at year-end.
d. A term used in reference to accounts that are not closed at year-end.
e. A document prepared to assist management in detecting whether any errors occurred in posting the closing entries.
f. A policy decision by a corporation…
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Hcs/380 week 4 terminology matching???
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Solve #35 please
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takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress3Dfalse
☆ 国
The balances for the accounts listed below appear in the Adjusted Trial Balance columns of the end-of-period spreadsheet. Indicate whether each balance
should be extended to an Income Statement column or a Balance Sheet column.
1. Retained Earnings
2. Common Stock
3. Depreciation Expense
4. Accumulated Depreciation
5. Fees Earned
6. Unearned Fees
7. Supplies
8. Supplies Expense
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Complete requirement 5
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question 23 attached tot ss belowthanks for help
appareicted itj25
h2i
2h6ho2
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Problem 13-17A (Algo) Horizontal analysis LO 13-1
Prepare a horizontal analysis of both the balance sheet and income statement.
Complete this question by entering your answers in the tabs below.
Analysis Analysis
Bal Sheet Inc Stmt
Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by
a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).)
Show less
Assets
Current assets
Cash
Marketable securities
Accounts receivable (net)
Inventories
Prepaid items
Total current assets
Investments
RUNDLE COMPANY
Horizontal Analysis of Balance Sheets
Year 4
Plant (net)
Land
Total long-term assets
Total assets
Liabilities and Stockholders' Equity
Liabilities
Current liabilities
Notes payable
Accounts payable
Salaries payable
Total current liabilities
Noncurrent liabilities
Bonds payable
Other
Total noncurrent liabilities
Total liabilities
Stockholders' equity
Preferred stock (par value $10, 4%
cumulative, nonparticipating; 7,700…
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tests.mettl.com/test-window/f55ac827#/testWindow/0/16/1
EY
Accounting Assessment O
Total 00:54.47
Finish Test
Section 1 of 1 Section #1 v
10
11
12
13
14
15
16
17
18
19
20
17 of 45
All
2
43
Question # 17
G Revisit
Choose the best option
Which of the following formula best describes the acid test or quick ratio?
Current assets: Current liabilities.
Debtors: Creditors
O (Current assets stock) Current liabilities.
O Current assets: (Current liabilities - bank overdraft).
Frev Cueston
Next Question
+91-82878-03040
Zaineh | Support +1-650-924-9221
metil
413 PM
1/16/2021
Type here to search
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Problem 13-18A (Algo) Vertical analysis LO 13-1
Required
Prepare a vertical analysis of both the balance sheets and Income statements for Year 4 and Year 3.
Complete this question by entering your answers in the tabs below.
Balance Sheet
Prepare a vertical analysis of the income statements for Year 4 and Year 3.
Note: Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be
entered as 23.45).
Revenues
Sales (net)
Other revenues
Income
Statement
Total revenues
Expenses
Cost of goods sold
Net income
RUNDLE COMPANY
Vertical Analysis of Income Statements
Selling, general, and administrative expense
Interest expense
Income tax expense
Total expenses
Amount
$ 231,300
8,100
239,400
120,000
53,200
7,800
22.300
203,300
$ 38,100
< Balance Sheet
Percentage of
Total
Amount
Year 3
S 212,000
5,200
217,200
101,700
49,500
7,000
21,300
179,500
%$ 37,700
Income Statement
Percentage of
Total
arrow_forward
Please do not give solution in image format thanku
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HCS 986 Week 4 Horizontal and Vertical Analysis
O
100
DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a vertical
analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance.
Dec. 31, 2022
Dec. 31, 2021
Accounts Receivable
460,000
400,000
Inventory
780,000
650,000
Total Assets
3,164,000
2,800,000
NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point
for the answer, as seen in the example below. The text box will highlight red if incorrect after
clicking the Submit button (bottom right corner).
Example:
30000 =
6.0
%
Accounts Receivable 2022
= 400000
460000
=
1.15
%
53°F Mostly cloudy
10:23 PM
5/23/2022
arrow_forward
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
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PM Sat Mar 6
Done
AA
A ezto.mheducation.com
Ch 17 - Connect Assignment i
Saved
Help
Save & Exit
Submit
Check my work
1
Required information
Problem 17-2A Ratios, common-size statements, and trend
Part 1 of 2
percents LO P1, P2, P3
[The following information applies to the questions displayed below.]
25
Selected comparative financial statements of Korbin Company follow.
points
KORBIN COMPANY
Comparative Income Statements
For Years Ended December 31, 2019, 2018, and 2017
2019
2018
2017
еВook
$ 401,594 $307,654
192,899
114,755
42,456
27,074
69,530
45,225
9,271
Sales
$213,500
241,760
159,834
Cost of goods sold
Gross profit
Selling expenses
Administrative expenses
136,640
76,860
28,182
57,026
36,143
93,169
66,665
12,400
Ask
17,721
45,903
30,957
6,284
Total expenses
Income before taxes
Print
Income tax expense
Net income
$ 54,265
$ 35,954 $ 24,673
References
KORBIN COMPANY
Comparative Balance Sheets
December 31, 2019, 2018, and 2017
2019
2018
2017
Assets
$ 59,658
$ 39,929
$ 53,376
3,870…
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Subject: acounting
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Please answer the 10 questions thank you
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More info
- X
December 1
Ritchie sold 14 go-karts on account. The selling price of each go-kart was $1,900;
the cost of goods sold for each was $400.
December 5 Ritchie received notice of a class-action lawsuit being filed against it. The lawsuit
claims that Ritchie's go-karts have engine defects that appear after the warranty
period expires. The plaintiffs,want Ritchie to replace the defective engines and pay
damages for the owners' losé of use. The cost of replacing the engines would be
approximately $380,000 (not including any damages). Ritchie's attorney believes
that it is reasonably possible that Ritchie will lose the case, but the attorney cannot
provide a dollar estimate of the potential loss amount.
December 20 Ritchie performed repairs due to product warranty complaints for two go-karts sold
earlier in the year. Ritchie's cost of the repairs, paid in cash, was $850.
December 22 An individual claims that he suffered emotional distress from a high-speed ride on a
Ritchie…
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Top-Value Corporation has 242,000 shares of $30 par common stock outstanding. On September 2, Top-Value Corporation declared a 2% stock dividend to be issued
November 30 to stockholders of record on October 3. The market price of the stock was $55 per share on September 2.
Required:
Journalize the entries required on September 2, October 3, and November 30. If no entry is required, simply skip to the next transaction. Refer to
the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal
page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.
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It's not incomplete
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Eexamine the following
attached in ss beelow
thanks for help
l4py2
y25yp
2y
2
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The following balances apply to this question
BANK
Mar
Balance b/d 20
Mar Total
83
1
000
31
раyments
138
Mar
Total
31
receipts
Balance c/d 8
021
A
A
Apr | Balance
b/d 8
1
021
Which one of the following amounts represents B?
A. R45 118
B. R56 337
OC. R55 128
D. R55 117
arrow_forward
Problem 13-17A (Algo) Horizontal analysis LO 13-1
Prepare a horizontal analysis of both the balance sheet and income statement.
Complete this question by entering your answers in the tabs below.
Analysis Analysis
Bal Sheet Inc Stmt
Prepare a horizontal analysis of the income statement. (Negative answers should be
indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be
entered as 23.4).)
Revenues
MUNOZ COMPANY
Horizontal Analysis of Income Statements
Year 4
Year 3
Sales (net)
Other revenues
Total revenues
Expenses
Cost of goods sold
Selling, general, and administrative
expenses
Interest expense
Income tax expense
Total expenses
Net income (loss)
$
$
230,400
210,200
6,000
8,100
238,500 216,200
118,200 102,400
53,300
49,600
6,400
5,600
21,500
20,500
199,400
178,100
$ 39,100
$38,100
Show less
arrow_forward
Plz explain properly
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