CH 05 Homework Solutions

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Apr 3, 2024

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CH 05 Homework Solutions 1. Exercise 5-1 ANSWER KEY STUDENT RESPONSES Presented below are a number of balance sheet accounts of Deep Blue Something, Inc. For each of the accounts below, indicate the proper balance sheet classification. Balance Sheet Accounts Balance Sheet Classification (a) Debt Investments. Current Asset v (b) Treasury Stock. Stockholders’ Equity v (c) Common Stock. Stockholders’ Equity v (d) Dividends Payable. Current Liability v (e) Accumulated Depreciation-Equipment. Property, Plant, and Equipment v (f)(1) Construction in Process (Constructed for another party). Current Asset v (f)(2) Construction in Process (Constructed for the use of Deep Blue Something, Inc.). Property, Plant, and Equipment v (g) Petty Cash. Current Asset v (h) Interest Payable. Current Liability v (i) Deficit. Stockholders’ Equity (Retained Earnings) v (j) Equity Investments (ownership stake of less than 20%). (Expected to be sold within one year.) Current Asset v (k) Income Taxes Payable. Current Liability v (n Unearned Subscriptions Revenue. Current Liability v (m) Work in Process. Current Asset v (n) Salaries and Wages Payable. Current Liability v Solution (a) Ifthe debt investment (bonds) is readily marketable and held primarily for sale in the near term to generate income on short-term price differences, then the account should appear as a current asset and be included with trading securities. Available-for-sale securities are classified as current or noncurrent depending upon the circumstances. If the debt investment is a held-to-maturity investment, then it would be reported as noncurrent. (b) If the company accounts for the treasury stock on the cost basis, the account is shown as a reduction of total stockholders’ equity. (e) Property, plant, and equipment (as a deduction). (f) If the warehouse in process of construction is being constructed for another party. it is classified as an inventory account in the current assets section. This account will be shown net of any billings on the contract. On the other hand, if the warehouse is being constructed for the use of this particular company, it should be classified as a separate item in the property, plant, and equipment section. (i) Stockholder’s equity (Retained earnings). (4) Equity investments are reported as current assets if the shares are expected to be sold within one year. Otherwise, the equity investment is reported in the Investments section. (m) Current asset (inventory).
2. Brief Exercise 5-13 Question 2 of 14 ANSWER KEY ~ STUDENT RESPONSES Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e. (15,000).) TAMARISK COMPANY Cash Flow Statement Cash Flows from Operating Activities v Net Income v $ 151,200 Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation Expense v $ 48,100 Increase inAccounts Payable v 9,904 Increase in Accounts Receivable v (14,800) 43204 Net Cash Provided by Operating Activities v $ 194,404 3. Brief Exercise 5-14 ANSWER KEY STUDENT RESPONSES Concord Corporation engaged in the following cash transactions during 2020. Sale of land and building $197.000 Purchase of treasury stock 49,400 Purchase of land 43,700 Payment of cash dividend 92,500 Purchase of equipment 55,400 Issuance of common stock 151,900 Retirement of bonds 107,000 Compute the net cash provided (used) by investing activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
CONCORD CORPORATION Statement of Cash Flows (Parti Cash Flows from Investing Activities v Sale of Land and Building v $ 197,000 Purchase of Land v (43,700) Purchase of Equipment v (55,400) Net Cash Provided by Investing Activities v $ 97,900 4. Brief Exercise 5-12 ANSWER KEY STUDENT RESPONSES Culver Beverage Company reported the following items in the most recent year. Net income $43,000 Dividends paid 5,650 Increase in accounts receivable 10,850 Increase in accounts payable 7.220 Purchase of equipment (capital expenditure) 8,930 Depreciation expense 4,220 Issue of notes payable 24,120 Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.. (15,000))
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LVER BEVERAGE COMPANY Statement of Cash Flows Cash Flows from Operating Activities v Net Income v Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation Expense v Increase in Accounts Receivable v Increase in Accounts Payable v Net Cash Provided by Operating Activities ¥ Cash Flows from Investing Activities v Purchase of Equipment v $ 43,000 $ 4220 (10,850) 7,220 590 4359 (8,930)
Cash Flows from Financing Activities v Issue Notes Payable v 24120 Dividends Paid v (5,650) Net Cash Provided by Financing Activities v 18,470 Net Increase in Cash v $ 53,130 Compute free cash flow. FreeCashFlow $ 29,010 eTextbook and Media Solution Netincrease in cash = $43,590 - $8,930 +$18,470 = $53,130 Free Cash Flow = $43,590 (Net cash provided by operating activities) - $8,930 (Purchase of equipment) - $5,650 (Dividends) = $29,010. 5. Exercise 5-15 ANSWER KEY ~ STUDENT RESPONSES The following s a condensed version of the comparative balance sheets for Monty Corporation for the last two years at December 31. 2020 2019 Cash $230,100 $101,400 Accounts receivable 234,000 240,500 Investments 67,600 96,200 Equipment 387,400 312,000 Accumulated Depreciation-Equipment ~ (137.800 ) (115700 ) Current liabilities 174,200 196,300 Common stock 208,000 208,000 Retained earnings 399,100 230,100 Additional information: Investments were sold at a loss of $13,000; no equipment was sold; cash dividends paid were $39,000; and net income was $208,000.
(a) Prepare astatement of cash flows for 2020 for Monty Corporation. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e:. (15,000)) MONTY CORPORATION Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities v Net Income v $ 208,000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Vv Depreciation Expense v $ 22,100 Loss on Sale of Investments v 13,000 Decrease in Accounts Receivable v 6,500 Decrease in Current Liabilities v (22,100) 19,500 Net Cash Provided by Operating Activities v 227,500 Cash Flows from Investing Activities v Sale of Investments v 15,600
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Purchase of Equipment v (75,400) Net Cash Used by Investing Activities v (59,800) Cash Flows from Financing Activities v Payment of Cash Dividends v (39,000) NetIncrease in Cash v 128,700 Cash at Beginning of Year v 101,400 Cash at End of Year v $ 230,100 eTextbook and Media Solution Depreciation expense = ($137,800 - $115,700) = $22,100 Sale of investments = [($96,200 - $67.600) - $13,000] = $15,600 Purchase of equipment = ($387.400 - $312,000) = $75,400
6. Exercise 5-12 ANSWER KEY ~ STUDENT RESPONSES Presented below is the trial balance of Blossom Corporation at December 31, 2020. Debit Credit Cash $ 201970 Sales $8,104,060 Debt Investments (trading) (at cost, $145,000) 157,060 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 303,970 Equity Investments (long-term) 281,970 Notes Payable (short-term) 94,060 Accounts Payable 459,060 Selling Expenses 2,004,060 Investment Revenue 66,860 Land 264,060 Buildings 1,044,970 Dividends Payable 140,970 Accrued Liabilities 100,060 Accounts Receivable 439,060 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,060 Administrative Expenses 903,860
Interest Expense 214,860 Inventory 601,970 Gain 83,860 Notes Payable (long-term) 904,970 Equipment 604,060 Bonds Payable 1,004,970 Accumulated Depreciation-Equipment 60,000 Franchises 160,000 Common Stock ($5 par) 1,004,060 Treasury Stock 195,060 Patents 195,000 Retained Earnings 82,970 Paid-in Capital in Excess of Par 84,970 Totals $12,371,930 $12,371,930 Prepare a balance sheet at December 31, 2020, for Blossom Corporation. (Ignore income taxes). (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment. Enter account name only and do not provide the descriptive information provided in the question.) BLOSSOM CORPORATION Balance Sheet Assets Current Assets v Cash $ 201,970 Debt Investments 157,060 Accounts Receivable $ 439,060 Less v : | Allowance for Doubtful Accounts (29,060) n 410,000 Inventory 601,970 Total Current Assets v $ 1,371,000 Long-term Investments v Debt Investments 303,970 Equity Investments 281,970 Total Long-term Investments v 585,940
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Property, Plant and Equipment v Land Buildings Less v : | Accumulated Depreciation-Buildings Equipment Less v @ Accumulated Depreciation-Equipment Total Property, Plant and Equipment v Intangible Assets v Franchises Patents Total Intangible Assets v Total Assets v Current Liabilities v Accounts Payable Notes Payable Dividends Payable Accrued Liabilities Total Current Liabilities v Long-term Liabilities v Notes Payable Bonds Payable Total Long-term Liabilities v Total Liabilities v Stockholders’ Equity © Paid-in Capital v 264,060 1044970 (152,000) n 892,970 604,060 (60,000) n 544,060 lities and Stockholders’ Equity 1,701,090 160,000 195,000 355,000 $ 4,013,030 $ 459,060 94,060 140970 100060 $ 794,150 904970 1,004,970 1,909,940 2,704,090
Common Stock Additional Paid-in Capital v Retained Earnings Total Paid-in Capital and Retained Earnings v Less v 1 | Treasury Stock Total Stockholders' Equity ¥ Total Liabilities and Stockholders' Equity v Solution Computation of Retained Earnings: Sales Investment revenue Gain Cost of goods sold Selling expenses Administrative expenses Interest expense Net income Beginning retained earnings Net income Ending retained earnings 1,004,060 84970 1,089,030 414970 1,504,000 195,060 n 1,308,940 4,013,030
Or ending retained earnings can be computed as follows: Total stockholders’ equity ($4,013,030 - $2,704,090) $1,308,940 Add: Treasury stock 195,060 Less: Paid-in capital in excess of par ($1,004,060 + $84,970) 1,089,030 Ending retained earnings $414,970 7. Brief Exercise 5-02 Question 7 of 14 ANSWER KEY ~ STUDENT RESPONSES Teal Corporation's adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7.200, Land $44,500, Patents $13,000, Accounts Receivable $94,620, Prepaid Insurance $6,060, Inventory $34,900, Allowance for Doubtful Accounts $5,190, and Equity Investments (to be sold in the next quarter) $13.740. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.) TEAL CORPORATION Balance Sheet (Partial) December 31,2020 Current Assets v Cash $ 7,200 Equity Investments 13,740 Accounts Receivable $ 94,620 Less v @ | Allowance for Doubtful Accounts 5190 n 89,430 Inventory 34,900 Prepaid Insurance 6060 Total Current Assets v $ 151,330
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8. Problem 5-02 ANSWER KEY STUDENT RESPONSES Presented below are a number of balance sheet items for Flounder, Inc. for the current year, 2020. Goodwill $129,510 Accumulated Depreciation-Equipment $292,500 Payroll Taxes Payable 182,101 Inventory 244,310 Bonds payable 304,510 Rent payable (short-term) 49,510 Discount on bonds payable 15,500 Income taxes payable 102,872 Cash 364,510 Rent payable (long-term) 484,510 Land 484,510 Common stock, $1 par value 204,510 Notes receivable 450,210 Preferred stock, $10 par value 154,510 Notes payable (to banks) 269,510 Prepaid expenses 92,430 Accounts payable 494,510 Equipment 1,474,510 Retained earnings ? Debt investments (trading) 125,510 Income taxes receivable 102,140 Accumulated Depreciation-Buildings 270,700 Notes payable (long-term) 1,604,510 Buildings 1,644,510 Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of debt investments (trading) are the same. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.)
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Notes Payable 1604510 Bonds Payable $ 304,510 Less v © | Discount on Bonds Payable 15,500 n 289,010 Rent Payable 484,510 2,378,030 Total Liabilities v 3,476,533 Stockholders' Equity < Capital Stock v Preferred Stock 154510 Common Stock 204,510 359,020 Retained Earnings 713,397 Total Stockholders' Equity v 1072417 Total Liabilities and Stockholders' Equity ¥ $ 4,548,950 Solution ($4,548,950 - $3,476,533) Total stockholders’ equity $1,072,417 Retained earnings ($1,072,417 - $359,020) $713,397 Capital stock Preferred stock, $10 par; 20,000 shares authorized, 15,451 shares issued $154,510 Common stock, $1 par; 400,000 shares authorized, 204,510 issued $204,510
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9. Brief Exercise 5-15 ANSWER KEY ~ STUDENT RESPONSES Waterway Corporation engaged in the following cash transactions during 2020. Sale of land and building $186290 Purchase of treasury stock 48,000 Purchase of land 39.300 Payment of cash dividend 91,600 Purchase of equipment 54,200 Issuance of common stock 156,800 Retirement of bonds 101,600 Compute the net cash provided (used) by financing activities. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e. (15,000).) WATERWAY CORPORATION Statement of Cash Flows (Partial) For the Year Ended December 31, 2020 Cash Flows from Financing Activities v Issuance of Common Stock v $ 156,800 Purchase of Treasury Stock v (48,000) < Payment of Cash Dividend (91,600) Retirement of Bonds v (101,600) Net Cash Used by Financing Activities v $ (84,400)
10. Exercise 5-04 ANSWER KEY STUDENT RESPONSES Assume that Denis Savard Inc. has the following accounts at the end of the current year. 1. Common Stock. 14. Accumulated Depreciation-Buildings. 2. Discount on Bonds Payable. 15. Restricted Cash for Plant Expansion. 3. Treasury Stock (at cost). 16. Land Held for Future Plant Site. 4, Notes Payable (short-term). 17. Allowance for Doubtful Accounts. 5. Raw Materials. 18. Retained Earnings. 6. Preferred Stock Investments (long-term). 19. Paid-in Capital in Excess of Par-Common Stock. 7. Unearned Rent Revenue. 20. Unearned Subscriptions Revenue. 8. Work in Process. 21. Receivables-Officers (due in one year). 9. Copyrights. 22. Inventory (finished goods). 10. Buildings. 23. Accounts Receivable. 11. Notes Receivable (short-term). 24, Bonds Payable (due in 4 years). 12. Cash. 25. Noncontrolling Interest. 13. Salaries and Wages Payable. Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do ot provide the descriptive information provided in the question.)
Denis Savard Ii December 31, Assets Current Assets v Cash 530K Less v : | Restricted Cash 300C $00¢C Accounts Receivable YK Less v : | Allowance for Doubtful Accounts YK KK Notes Receivable KK Receivables-Officers KK Inventory Finished Goods YK Work-in-Process YK Raw Materials YK
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Total Current Assets v Long-term Investments v Preferred Stock Investments Land Held for Future Use Restricted Cash Total Long-term Investments v Property, Plant and Equipment v Buildings Less v : | Accumulated Depreciation-Buildings Intangible Assets v Copyrights Total Assets v X X
Current Liabilities Salaries and Wages Payable Notes Payable Unearned Subscriptions Revenue Unearned Rent Revenue Total Current Liabilities Long-term Debt Bonds Payable Less v : DiscountonBonds Payable Total Liabilities Stockholders’ Equity Capital Stock Common Stock ies and Stockholders' Equity $0K XX XX XX X
Common Stock Additional Paid-in Capital v Paid-in Capital in Excess of Par - Common Stock Total Paid-in Capital v Retained Earnings Total Paid-in Capital and Retained Earnings ¥ Less v : TreasuryStock Equity Attributable to Denis Savard, Inc. v, Noncontrolling Interest Total Stockholders' Equity M Total Liabilities and Stockholders' Equity v XX XX XX OOXX ) XX XX XX X
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11. Exercise 5-14 ANSWER KEY STUDENT RESPONSES The comparative balance sheets of Flounder Inc. at the beginning and the end of the year 2020 are as follows. e v A BALANCE SHEETS Dec. 31,2020 Jan.1,2020 Inc./Dec. Assets Cash $47,100 $15,100 $32,000 Inc. Accounts receivable 95,620 90,520 5,100 Inc. Equipment 43,620 24,520 19,100 Inc. Less: Accumulated Depreciation-Equipment 21,620 11,000 10,620 Inc. Total $164,720 $119,140 Liabilities and Stockholders’ Equity Accounts payable $24,620 $17,520 7,100 Inc. Common stock 102,100 82,520 19.580 Inc. Retained earnings 38,000 19,100 18,900 Inc. Total $164,720 $119,140 Net income of $48,620 was reported, and dividends of $29,720 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis eg. (15,000))
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FLOUNDER INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities v Net Income v Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation Expense v Increase in Accounts Receivable v Increase in Accounts Payable v Net Cash Provided by Operating Activities ¥ Cash Flows from Investing Activities v Purchase of Equipment v Cash Flows from Financing Activities v $ 48,620 10620 (5,200) 7,100 12620 61,240 (19,100)
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13. Supplies. 14. Common stock. 15. Land. 16. Bond sinking fund. 17. Inventory. 18. Prepaid insurance. 19. Bonds payable. 20. Income taxes payable. 13. Exercise 5-05 ANSWER KEY ~ STUDENT RESPONSES Exercise 5-05 View Policies Pharoah Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. Current Assets Capital Stock Property, Plant, and Equipment Investments Current Assets Current Assets NonCurrent Liabilities Current Liabilities PHAROAH COMPANY == THE YEAR ENDED 2020 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $126,500) Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use Intangible assets $236,500 346,500 407,500 146,500 576,500 166,500 181,500
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Goodwill 86,500 Cash surrender value of life insurance 96,500 Prepaid expenses 18,500 Current liabilities Accounts payable 141,500 Notes payable (due next year) 131,500 Pension obligation 88,500 Rent payable 55,500 Premium on bonds payable 59,500 Long-term liabilities Bonds payable 506,500 Stockholders’ equity Common stock, $1.00 par, authorized 400,000 shares, issued 296,500 296,500 Additional paid-in capital 166,500 Retained earnings ? Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $166,500 and for the equipment, $111,500. The allowance for doubtful accounts has a balance of $23,500. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)
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PHAROAH COMPANY _ g — December 31,2020 Assets Current Assets v Cash $ 236,500 Equity Investments 126500 Accounts Receivable $ 370,000 Less v © | Allowance for Doubtful Accounts 23500 n 346500 Inventory 407,500 Prepaid Expenses 18,500 Total Current Assets v $ 1,135,500 Long-term Investments v Land Held for Future Use 181500 Cash Surrender Value of Life Insurance 96500 Total Long-term Investments v 278,000 Property, Plant and Equipment v Buildings 743,000 Less v Accumulated Depreciation-Buildings 166,500 n 576,500 Equipment 278,000 Less v Accumulated Depreciation-Equipment 111,500 n 166,500 Total Property, Plant and Equipment v 743,000 Intangible Assets v Goodwill 86500 Total Assets v $ 2243000
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ies and Stockholders' Equity Current Liabilities v Accounts Payable 141,500 Notes Payable 131,500 Rent Payable 55,500 ‘Total Current Liabilities v $ 328,500 Long-term Liabilities v Bonds Payable 506,500 Add v : | Premium onBonds Payable 59,500 566,000 Pension Obligation 88,500 654500 Total Liabilties v 983,000 Stockholders' Equity v Common Stock 296,500 Additional Paid-in Capital v 166,500 463,000 Retained Earnings 797,000 Total Stockholders' Equity v 1,260,000 Total Liabilities and Stockholders' Equity v $ 2,243,000 eTextbook and Media Solution Retained earnings = $2,243,000 - $983,000 - $463,000 = $797,000 14. Exercise 5-13 ANSWER KEY ~ STUDENT RESPONSES The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1 Operating activity-add to net income. 2. Operating activity-deduct from net income. 3. Investingactivity. 4. Financing activity. 5. Reported as significant noncash activity
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education.wiley.com Ch 1: Ho... WP NWP AS... С Maria Q.. b Search.. The Acc... Cengag... financia... WileyPL... financia... BB Financi.. Accoun... X - Cha... e Ch 1: Homework Question 4 of 5 - / 20 View Policies Current Attempt in Progress Van Occupanther is the bookkeeper for Roscoe Company. Van has been trying to get the balance sheet of Roscoe Company to balance. Roscoe's balance sheet is as follows. ROSCOE COMPANY Balance Sheet December 31, 2022 Assets Liabilities Cash $ 9,400 Accounts payable $25,000 Supplies 7,100 Accounts receivable (19,500) Equipment 45,000 Common stock 40,000 Dividends 9,200 Retained earnings 25,200 Total assets $70,700 Total liabilities and stockholders' equity $70,700 Prepare a correct balance sheet. (List Assets in order of liquidity.) ROSCOE COMPANY Balance Sheet 田 II
Solve #35 please
E-F:8-14 Defining common receivables terms (Learning Objective 1) Match the terms with their correct definition. Terms 1. Accounts receivable 2. Other receivables 3. Debtor 4. Notes receivable 5. Maturity date 6. Creditor Definitions a. The party to a credit transaction who takes on an obligation/payable. b. The party who receives a receivable and will collect cash in the future.. c. A written promise to pay a specified amount of money at a particular future date. d. The date when the note receivable is due. e. A miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. The right to receive cash in the future from customers for goods sold or for services performed.
Hello tutor please provide this question solution general accounting
Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that information to answer the following question, entering your answer in the place provided. Avg. Avg. Amount Amount Interest Interest Demand Vault Cash $1,573 $1,123 Deposits US Treas. Savings 3.43% 2,212 3.02% 8,497 Securities Deposits Consumer/Bus. 8.23% 15,315 CD's 3.54% ???? Loans Mortgage 6.82% 8,719 Borrowings 3.10% 2,747 Loans Property 2,032 Equity 3,423 Equipment Total Liab.& Total Assets ???? ???? Equity What is the net interest income the this bank? (Please enter the answer to the nearest penny!) ed 39,211.64 ver 1,091.41 margin of error +/- 1
Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that information to answer the following question, entering your answer in the place provided. Avg. Interest Avg. Amount Amount Interest Demand Vault Cash $577 $5,650 Deposits US Treas. Savings 4.85% 2,139 1.99% 6,622 Securities Deposits W Consumer/Bus. 6.94% 15,835 CD's 4.76% ???? Loans Mortgage 7.54% 10,410 Borrowings 4.34% 2,766 Loans Property Equipment Total Assets 740 Equity Total Liab.& ???? Equity 2,741 ???? What is the net interest margin the this bank? (Please enter the answer without the % sign - so for instance is the answer is 5.67%, then enter just 5.67)
Assets 1. A $100 bill 2. The funds in a savings account 3. A painting you own 4. A bond issued by a publicly traded company Select the assets in order of their liquidity, from most liquid to least liquid. Most Liquid Second-Most Liquid Third-Most Liquid Least Liquid Asset
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In column A, identify the account to which element it belongs whether Current Asset (CA), Noncurrent Assets (NCA), Current Liabilities (CL), Noncurrent liabilities (NCL) or Shareholders’ equity (SHE). In column B, indicate the line item to which the account belongs.                                                                     Column A                                 Column B1. Share Capital2. Accounts Payable 3. Plant Expansion Fund4. Trading Securities 5. Employees income tax payable6. Goodwill 7. Raw Materials8. Share Premium 9. Advances from customers 10. Serial bonds not collectible currently 11. Investment in Bonds 12. Notes Payable 13. Prepaid Insurance 14. Income Tax Payable 15. Land
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213erform the 3 step DuPont Return on Equity (ROE) analysis for Brady Corp. using cell references. (25 pts) Write a brief analysis (50-100 words) of what you learn from the DuPont analysis on your Excel worksheet. Balance Sheet ($000) Ratios Calculation Assets Liabilities and Equity Liquidity Cash 2$ Accounts payable Notes payable 1,500 12,500 Current Marketable securities $ $ $ 2,500 12,500 Quick Accounts receivable 15,000 Total current liabilities $ 25,000 Inventory 33,000 Long-term debt 22,000 Asset Management Total current assets 2$ 52,000 Total liabilities 47,000 Average collection period Fixed assets (net) 35,000 Common stock (par value) 2$ 5,000 Inventory turnover Total assets $ Fixed-asset turnover Contributed capital in excess of par Retained earnings 87,000 18,000 17,000 Total asset turnover Total stockholders' equity 40,000 Total liabilities and stockholders' equity 87,000 Financial Leverage Debt Income Statement ($000) Other Info Debt-to-equity Times interest earned Sales…
d Question 7 Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that information to answer the following question, entering your answer in the place provided. Avg. Interest Amount Avg. Interest Amount Demand Vault Cash $1,262 $1,408 Deposits US Treas. Savings 5.51% 2,372 3.46% 9,071 Securities Deposits Consumer/Bus. 5.76% 12,678 CD's 2.34% ???? Loans Mortgage 6.08% 7,692 Borrowings 5.12% 1,600 Loans Property Equipment Total Assets 986 Equity Total Liab.& ???? Equity 3,433 ???? What is the net interest margin the this bank? (Please enter the answer without the % sign-so - so for instance is the answer is 5.67%, then enter just 5.67) 1.565 er 3.13 margin of error +/- 0.05
Question 33.
need answer for this account questions
Transaction 1: Received interest of $200 cash from bonds held as an investmentPlease fill all the T - Accounts for this transaction as shown (GL) General Ledger (T-Accounts) complete the general journal entry as well as complete the general ledger t account
What Statements Do The Following Belong To and Do They Appear On One Or More1) Fund To Retire Bonds2) Retained Earnings3) Trucks4) Cash5) Prepaid Insurance6) Investment in XYZ7) Additional Paid-Capital8) Copyrights9) Machinery10) Merchandise Inventory
Financial statement analysis 2. Given below are the summarized accounts of Belper Ltd for the past five years. These the basis for the questions which follow. Summarized profit and loss accounts of Belper Ltd Sales Cost of sales Trading profit Depreciation Interest Net profit before tax Taxation Net profit after tax Extraordinary items Dividends Retained profits Retained at start of year Retained at end of year Fixed assets Freehold land and buildings Leasehold land and buildings Plant and machinery Total gross fixed assets Depreciation freehold Depreciation leasehold Depreciation plant, etc. Total depreciation Net fixed assets Intangible fixed assets Goodwill Investments Patents and trade marks Current assets Stock Debtors Bank and cash Current liabilities Creditors Taxation Dividends Bank loans and overdraft 19X4 Net current assets £000 Financed by Ordinary share capital Share premium account Retained profits Revaluation reserves 93,930 81,750 12,180 1,023 2,727 8,430 2,517 5,913…
Refer to the information provided in Table below to answer the question(s) that follow. Table First Charter Bank Assets Select one: O Reserves $800 Loans $400 Total $1,200 Refer to Table First Charter Bank's total assets are Liabilities a. $800. b. $400. C. $2,400 d. $1,200. Deposits Net Worth Total
perience p....pptm ^ Type here to search w X # 3 E Coronado Company's condensed financial statements provide the following information. C Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Total assets Current liabilities ACC341-2022-Ho....xlsx $ 4 Bonds payable R F % 5 O CORONADO COMPANY BALANCE SHEET T At O+ 6 V B ▶ music 2.jpeg n H & 7 Dec. 31, 2020 $52,100 197,700 80,800 442,700 3,000 $776,300 849,900 $1,626,200 237,700 401,800 U 20 8 J Dec. 31, 2019 $60,200 O 80,800 39,600 N M 360,200 $547,700 849,900 $1,397,600 6,900 155,700 ( 401,800 9 W K F11 ) O 0 888 P Home End C Rair Inse
View Assessment se data from Rollaird Live balance sheets, perform a Use Chapter 13 "Financial ture" as a guidance. g your numbers, use whole ation, and one decimal point een in the example below. The ht red if incorrect after clicking bottom right corner). Terminology Matching - Academic Resources EHCS380 Week 4 Horizontal and Vertical Analysis 00 multimedia.phoenix.edu b Answered: Terminology Matching Independent... | bartleby Accounts Receivable Inventory Total Assets 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 460,000 780,000 3,164,000 Example: Dec. 31, 2021 Accounts Receivable 2022 400,000 650,000 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).…
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