24 - Which of the following journal entries is credited in a limited liability company that fulfills its capital commitment in cash, fixtures and machinery? A) 501- Unpaid Capital Hs B) 253- Plant machinery and devices Hs. C) 255 - Fixed Assets Hs. D) 500- Capital Hs. E) 100- Cash Hs.
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24 - Which of the following
A) 501- Unpaid Capital Hs
B) 253- Plant machinery and devices Hs.
C) 255 - Fixed Assets Hs.
D) 500- Capital Hs.
E) 100- Cash Hs.
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- Based on the Republic Bank TT, an investment holding company, answer the following questions below using the following link below for help. Provide a detail explanation and examples to the answers. https://www.republictt.com/pdfs/annual- reports/RFHL-Annual-Report-2022.pdf 1. Assess the company's working capital position by analyzing its current assets and liabilities using common methods and measures( using the figures in the financial statements) 2. Evaluate the efficiency of the company's working capital management strategies, including inventory management, accounts receivable, and accounts payable( using figures from the financial statements) 3. Based on the assessment and evaluation above, provide ten recommendations for improving the company's working capital management practices.13. What is the correct amount that must be disclosed as acquisition of listed investments in the cash flows from investing activities section of the statement of cash flows of Moletji Limited for the year ended 31 December 2020?suppose that the following information is related to X company for 2020 net cash flows from operating activities 12000 net cash flows from financing activities 18000 beginning cash balance 5000 Ending cash balance 10000 The net cash flows from investing activities is O a. (25000) O b. 10000 O c. 30000 O d. 8000
- From the following data, indicate the effect that the changes in the relevant items will have on the working capital:ParticularsJan 1, 2020Dec 31, 2020ParticularsJan 1, 2020Dec 31, 2020 Land4400068000Goodwill1300013000 Debentures2000025000Prepaid Expenses70300 Stock3000028000Bills Payable1500900 Machinery180000180000Bills Receivable30002000 Trade Creditors80005320Mortgaged Loan5000040000 Cash290009000Equity Share Capital100000120000 Long Term Investments100006250Preference Share Capital12000075000 Accrued Expenses350160Trade Debtors1900020000 Short-term Debt32205170 Your answer must indicate the overall and individual effect of changes in relevant items.Not Applicabl 16. UWner s Capital Activity #6: Accounting Equations 15,500,000. What is the amount of liabilities? respectively. What is the amount of the assets? c) The liabilities of Mindanao Farms equal one-third of the assets, and the oWners equity is 16,000,000. What is the amount of the liabilities? d) At the beginning of the year. LVM Consulting assets were 27,500,000, and its owner's equity was 15,000,000. During the year, assets increased 7,500,000 and liabilities decrease 2,250,000. What is the owner's equity at the end? 19 | Page Instructions: Use the accounting equations to answer the following: b) The liabilities and owner's equity of Visayas Tours are 7,200,000 and 7,950,00, a) The assets of Luzon Petroleum are 40,000,000, and the owner's equity isExercise 4-17 (Part Level Submission) The following information was taken from the records of Whispering Inc. for the year 2020: Income tax applicable to income from continuing operations $243,100; income tax applicable to loss on discontinued operations $33,150, and unrealized holding gain on available-for-sale securities (net of tax) $19,500. Gain on sale of equipment Loss on discontinued operations Administrative expenses $123,500 97,500 312,000 52,000 78,000 Rent revenue Loss on write-down of inventory Shares outstanding during 2020 were 100,000. Cash dividends declared Retained earnings January 1, 2020 Cost of goods sold Selling expenses Sales Revenue $195,000 3,480,000 1,105,000 390,000 2,470,000 ▼ (a) Prepare a single-step income statement (with respect to items in Income from operations). (Round earnings per share to 2 decimal places, e.g. 1.48.)
- You have been provided with the following information for City Projects Ltd: Statement of Comprehensive Income for the year ended 31 March 2021 R Revenue (all credit) Gross profit Operating profit Interest expense 610 000 390 000 170 000 17 000| Profit before tax 153 000 Net profit after tax 110 000 Statement of Financial Position as at 31 March 2021 R R Assets Non -current assets 700 000 Current assets 340 000 Inventory 70 000 REGENT BUSINESS SCHOOL (RBS) JANUARY 2022 16 POSTGRADUATE DIPLOMA IN PROJECT MANAGEMENT - ACADEMIC AND ASSESSMENT CALENDAR Debtors 150 000 Bank 120 000 1 040 000 Equity and Liabilities Owners' equity 600 000 Non-current liabilities 300 000 Current liabilities 140 000 1040 000 Required: Calculate and comment on each of the following ratios (where applicable round off answers to two decimal places): 4.4 Debtors collection period 4.5 Inventory turnover 4.6 Return on assets#21 The trustee for John Corp. prepares a statement of affairs which shows that unsecured creditors whose claims total P540,000 may expect to receive approximately P405,000 if assets are sold for the benefit of creditors. Danielle Corp. holds a note for P22,500 on which interest of P1,350 is accrued, property with a book value of P18,000 and a realizable amount of P27,000 is pledged on the note Randolph, an employee is owed P6,750 for his salary Baltimore Corp. holds a note of P54,000 on which interest of P2,700 is accrued, securities with a book value of P58,500 and a realizable amount P45,000 is pledged on the note Nick Corp. holds a note for P9,000 on which interest of P500 is accrued, nothing has been pledged for the note How much may each of the following creditors receive? Group of answer choices P23,850; P6,750; P53,775; P7,125 P27,000; P6,750; P53,775; P0 P23,850; P6,750; P56,700; P7,125 P27,000; P6,750; P56,700; P0block A/2019/3 Which sub-items of property, plant and equipment are to be reported in a HGB balance sheet of a large capital company?
- Proper descriptive solution of both (a) and (b)Would you advise a friend to invest in that company? Support your answer with a comprehensive explanation incorporating sound reasoning. Your advice should be well written with introductory and concluding paragraph. References should be appropriately cited.49. The following balances are extracted from the records of CPA Corporation as of December 31, 2021:· Commercial savings account, BDO- P1,500,000· Commercial checking account, BDO- P1,800,000· Travel advances for executive travel for the 1st quarter of 2022 (employee to reimburse through salary deduction)- P375,000· Cash fund for retirement of long-term debt- P2,000,000· Petty cash fund- P20,000· I.O.U. from an officer- P50,000· Bank overdraft, BPI- P450,000· Certificates of deposits, maturity of 120 days acquired on December 1, 2021- P3,000,000· Check received from customer dated January 2, 2022- P175,000· Maintaining balance at BDO to ensure future credit availability- P200,000· Currency and coin on hand not yet deposited - P25,000 How much will be reported as cash and cash equivalents on December 31, 2021?
