2019 2020 2019 2020 Cash $1,200 $2,400 Accounts payable $4,400 $1,000 Accounts receivable $9,200 $1,100 Wages payable $4,000 $2,800 Inventory $5,500 $7,500 Utilities payable $800 $1,000 Prepaid rent $3,200 $6,000 Note payable $27,000 $30,000 Equipment $56,000 $56,000 Interest payable $2,200 $4,600 Accum. depreciation ($41,000) ($43,000) Common stock $2,000 $2,000 Land $10,000 $12,400 Retained earnings $3,700 $1,000 $44,100 $42,400 $44,100 $42,400 What is the company's approximate debt-to-equity ratio for 2020?

2019 2020 2019 2020 Cash $1,200 $2,400 Accounts payable $4,400 $1,000 Accounts receivable $9,200 $1,100 Wages payable $4,000 $2,800 Inventory $5,500 $7,500 Utilities payable $800 $1,000 Prepaid rent $3,200 $6,000 Note payable $27,000 $30,000 Equipment $56,000 $56,000 Interest payable $2,200 $4,600 Accum. depreciation ($41,000) ($43,000) Common stock $2,000 $2,000 Land $10,000 $12,400 Retained earnings $3,700 $1,000 $44,100 $42,400 $44,100 $42,400 What is the company's approximate debt-to-equity ratio for 2020?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 15P: Cash Flow Amounts On January 1, 2019, Philip Holding invests 40,000 in an annuity to provide 8 equal...

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Present Value of an Annuity Ralph Benke wants to make 8 equal semiannual withdrawals of 8,000 from a fund that will earn interest at 11 % compounded semiannually. Required: How much would Ralph have to invest on: 1. January 1, 2019, if the first withdrawal is made on July 1, 2019 2. July 1, 2019, if the first withdrawal is made on July 1, 2019 3. January 1, 2019, if the first withdrawal is made on January 1, 2022
Years Bank Loan advance2018 STANBIC 2,584,7352019. STANBIC. 3,946,591 2020. STANBIC 4,373,5292018. BARCLAYS 3,204,859 2019. ABSA 4,082,295 2019. Absa. 2,09,501 2020. ABSA. 244,620 2020. Absa. 4,481,173 Question: Calculate the Herfindahl-Hirschman Index (HHI) for each year using loan advances and comment on the level of competition.
2019 2020 2019 2020 Cash $1,300 $1,100 Accounts payable $2,100 $2,900 Accounts receivable $4,100 $4,400 Utilities payable $200 $450 Inventory $7,500 $8,800 Salaries payable $800 $1,80C Prepaid insurance $1,200 $1,500 Notes payable $18,000 $15,000 Equipment $16,000 $16,000 Interest payable $2,300 $2,600 Accum. depreciation ($2,400) ($3,600) Common stock $6,000 $6,000 Land $4,500 $9,200 Retained earnings $2,800 $8,650 $32,200 $37,400 $32,200 $37,40C Given the above information, how much cash was paid for depreciation during 2020? O $1,200 $0 O $3,600 $2,400 $6,000
2019 2020 2019 2020 Cash $2,200 $1,000 Accounts payable $3,100 $2,800 Accounts receivable $4,600 $8,200 Utilities payable $1,100 $1,800 Inventory $3,100 $7,200 Wages payable $500 $1,600 Prepaid insurance $800 $1,600 Notes payable $14,000 $16,000 Equipment $36,000 $36,000 Interest payable $2,000 $3,200 Accum. depreciation ($14,000) ($15,200) Common stock $9,000 $9,000 Land $7,600 $10,200 Retained earnings $10,600 $14,600 $40,300 $49,000 $40,300 $49,000 How much were fınancing cash flows during 2020 if net income was $87,000? $2,000 $89,000 ($81,000) O ($83,000) None of the above
2019 2020 2019 2020 Cash $2,200 $1,000 Accounts payable $3,100 $2,800 Accounts receivable $4,600 $8,200 Utilities payable $1,100 $1,800 Inventory $3,100 $7,200 Wages payable $500 $1,600 Prepaid insurance $800 $1,600 Notes payable $14,000 $16,000 Equipment $36,000 $36,000 Interest payable $2,000 $3,200 Accum. depreciation ($14,000) ($15,200) Common stock $9,000 $9,000 Land $7,600 $10,200 Retained earnings $10,600 $14,600 $40,300 $49,000 $40,300 $49,000 How much were investing cash flows if a plot of land that had been purchased in a prior year was sold during 2020 for $2,00O, which was a $1,500 loss? O $2,000 O ($3,600) O ($6,100) O ($4,100) O None of the above
2019 2020 2019 2020 Cash $1,300 $1,100 Accounts payable $2,100 $2,900 Accounts receivable $4,100 $4,400 Utilities payable $200 $450 Inventory $7,500 $8,800 Salaries payable $800 $1,800 Prepaid insurance $1,200 $1,500 Notes payable $18,000 $15,000 Equipment $16,000 $16,000 Interest payable $2,300 $2,600 Accum. depreciation ($2,400) ($3,600) Common stock $6,000 $6,000 Land $4,500 $9,200 Retained earnings $2,800 $8,650 $32,200 $37,400 $32,200 $37,400 Given the above information, how much were 2020 operating cash flows if investing cash flows were ($7,000) and financing cash flows were ($1,500)? ($7,200) O ($8,700) $5,300 $8,300 O None of the above
2019 2020 2019 2020 Cash $2,800 $4,100 Accounts payable $2,200 $2,500 Accounts receivable $3,900 $3,100 Utilities payable $2,600 $3,200 nventory $8,500 $9,700 Salaries payable $3,100 $3,800 Prepaid insurance $800 $1,100 Notes payable $24,000 $23,000 Equipment $32,000 $32,000 Interest payable $2,600 $2,800 Accum. depreciation ($4,800) ($6,000) Common stock $12,000 $12,000 Land $6,000 $7,500 Retained earnings $2,700 $4,200 $49,200 $51,500 $49,200 $51,500 Given the above information, how much cash was collected from customers during 2020 if total iales were $61,000? $59,700 $61,800 $62,300 O $60,200 None of the above
2019 2020 2019 2020 Cash $2,800 $4,100 Accounts payable $2,200 $2,500 Accounts receivable $3,900 $3,100 Utilities payable $2,600 $3,200 nventory $8,500 $9,700 Salaries payable $3,100 $3,800 Prepaid insurance $800 $1,100 Notes payable $24,000 $23,000 Equipment $32,000 $32,000 Interest payable $2,600 $2,800 Accum. depreciation ($4,800) ($6,000) Common stock $12,000 $12,000 .and $6,000 $7,500 Retained earnings $2,700 $4,200 $49,200 $51,500 $49,200 $51,50C Given the above information, how much were net cash flows from investing activities during 2020 if and was purchased during the year for $4,200 and there was a loss on sale of land of $1,000? O ($1,500) O ($1,700) O ($2,500) ($2,700) None of the above
2019 2020 2019 2020 Cash $2,000 $4,500 Accounts payable $4,000 $8,200 Accounts receivable $6,000 $8,200 Utilities payable $1,800 $2,100 Inventory $3,000 $3,400 Salaries payable $4,500 $4,100 Prepaid rent $800 $600 Notes payable $8,000 $9,200 Equipment $12,000 $12,000 Interest payable $400 $900 Accum. depreciation ($2,400) ($2,800) Common stock $6,000 $6,000 Land $6,200 $8,000 Retained earnings $2,900 $3.400 $27,600 $33,900 $27,600 $33,900 Given the above information, how much were total sales if $84,000 in cash was collected during 2020? $81,800 $86,200 $87,500 $81,500 O None of the above
2019 2020 2019 2020 Cash $2,800 $4,700 Accounts payable $4,800 $5,900 Accounts receivable $2,500 $2,900 Utilities payable $2,000 $2,300 Inventory $5,600 $8,100 Salaries payable $200 $1,900 Prepaid insurance $1,500 $2,000 Notes payable $29,000 $29,000 Equipment $45,000 $45,000 Interest payable $1,900 $2,600 Accum. depreciation ($15,500) ($16,200) Common stock $12,000 $13,000 Land $16,000 $15,000 Retained earnings $8,000 $6,800 $57,900 $61,500 $57,900 $61,500 What was the company's inventory turnover ratio in 2020 if inventory purchases were $90,000? 10.8 O 12.8 13.1 13.5 None of the above
Y8 Savings Calculator Initial Savings Balance $ 19,000.00 Deposit Amount Per Period $ 360.00 Deposit Interval Monthly Number of Deposits 12 Annual Rate of Return 3.250% Ending Balance $0.00 January 31, 2022 February 28, 2022 March 31, 2022 April 30, 2022 May 31, 2022 June 30, 2022 July 31, 2022 August 31, 2022 September 30, 2022 October 31, 2022 November 30, 2022 December 31, 2022
Amount financed 18200 number of payments 72 monthly payment 425.08 finace charge 12405.76 whats the apr%