9. At the beginning of the year, anEntity had total assets of P700,000and total liabilities of P500,000. If thetotal assets increased by 30% whichcorresponds to decrease in totalliabilities by 20%, what is the amountof owner's equity at the end of theyear?*O A. P200,000O B. P210,000O C. P110,000O D. P510,000

Ending total assets = beginning total assets + beginning total assets x 30% = 700000 + 700000 x 30%…

Answered: 9. At the beginning of the year, an…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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q. 10 A company has net working capital of $687. Long term debt is $4,078, total assets are $6,201, and fixed assets are $3,948. What is the amount of total liabilities? $8,026 $6,888 $4,765 $5,514 $5,644
A9 please help.....
• The following is available for Golden Corporation for 2019: Sales 2,000,000 Average invested capital (assets) 500,000 Net income 300,000 Cost of capital 18% What is the return on investment for Golden Corp.? 1. 15% 2. 18% 3.33% 4. 60% O 1 O 2 3. 4
If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200 percent B. 50 percent C. 2.0 D. $50,000
Assets= 300% of total liabilities Liabilities= 50% of Owner's Equity Owner's Equity= 80% of total Assets Difference between Owner's Equity and Liabilities = 2,000,000 pesos How much is the total liabilities?
7. New World has total assets of $31,300, long-term debt of $8,600, net fixed assets of $20,300, and owners' equity of $21,100. What is the value of the net working capital?
What amount of residual income did National Co. have?
ratio. Deana Company's working capital accounts at December During 19x7, Denna Company completed the following transactions P17-11 Effect of various transa given below: Cash Marketable securities Accounts receivable (net) Inventory - Prepaid expenses Accounts payable Notes due within one year Accrued llabilities. S 50,000 30,000 200,000 210,000 10,000 150,000 30,000 20,000 R Paid a cash dividend previously declared, $12.000 b. Soid inventory costing $50,000 for $30,000, on account Wrote off uncollectible accounts in the amount of $10 000 Declared a cash dividend, $15,000. Paid accounts payable, $50,000. f. Borrowed cash on a short-term note with the bank, $35.000 A Sold inventory costing $15,000 for SI0,000 cash. Purchased inventory on account, $60,000. DI Paid off all short-term notes due, $30,000. Purchased equipment for cash, $15,000. d. e. h. j. Sold marketable securities costing $18,000 for cash, $15,000 k. Collected cash on accounts receivable, $80,000. ves Compute the following…
• The following is available for Golden Corporation for 2019: Sales 2,000,000 Average invested capital (assets) 500,000 Net income 300,000 I Cost of capital 18% What is the residual income for Golden Corp.? 1. P - 0 - 2. P 200,000 3. P 210,000 4. P 246,000 0 1 O 2 O 3 O 4
10 - T&T Company's selected financial statements items are given as following. Total net sales equals to 100.000 TL, COGS equals to 50.000 TL, operating expenses equals to 20.000 TL, interest expenses equals to 10.000 TL, tax expenses 5.000 TL, total depreciation & amortization expenses equals to 15.000 TL. Calculate the EBITDA/Interest Expense ratio of the company for the year 2020. a) 2,50 b) O 01374 3,00 c) O 4,50 d) 5,00
EB12. LO 5.3 Using the following Balance Sheet summary information, calculate for the two years presented: A. working capital B. current ratio Current assets Current liabilities 12/31/2018 $366,500 120,000 12/31/2019 $132,000 141,500
The following is available for Golden Corporation for 2019: Sales 2,000,000 Average invested capital (assets) 500,000 Net income 300,000 Cost of capital 18% What is the residual income for Golden Corp.? P – 0 - P 200,000 P 210,000 P 246,000 Group of answer choices 1 2 3 4

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