Accounts Dr Cr Cash OMR 65,000 Prepaid Insurance 30,000 Accounts Receivable 50,000 Inventory 70,000 Long term 75,000 investment Land 90,000 Building 100,000 Accumulated 20,000 Depreciation- Building Trademark 70,000 Shared Capital 120,000 Retained Earnings 250,000 Accounts Payable 60,000 Salaries Payable 10,000 Bond Payable 90,000 Total

Accounts Dr Cr Cash OMR 65,000 Prepaid Insurance 30,000 Accounts Receivable 50,000 Inventory 70,000 Long term 75,000 investment Land 90,000 Building 100,000 Accumulated 20,000 Depreciation- Building Trademark 70,000 Shared Capital 120,000 Retained Earnings 250,000 Accounts Payable 60,000 Salaries Payable 10,000 Bond Payable 90,000 Total

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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Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders
if you have the following information Sales 250,000 Cost of goods sold 260,000 Gross loss (10000) Operating expenses 80,000 Deprecation 20,000 Net income 110000 The following accounts increase Accounts receivable 22000 land 18000 Accounts payable 35000 building 47000 Long term investment 150000 The following accounts decrease: bonds 24000 Rent payable 25000 Common stock 35000 The cash flows from operating activities is: Select one: O a 119000 O b. 118000 O C The corect answer not available Od 115000
What is the amount of current assets, assuming the accounts Accounts Payable $12,000 Buildings 70,000 Cash 8,000 Accounts Recelvable 7,000 Seles Tex Payable 5,000 Retained Earnings 47,000 Supplies 2,000 Notes Payable (due in 18 months) Interest Payable 35,000 3,000 Common Stock 45,000
Total 213 500 Monaro Motors Cash and credit sales in the General Ledger Capital contribution of $10 000 stock (agreed value) and $30 000 cash Purchased prem ises worth $150 000 paying a $10 000 cash deposit with the balance funded by a mortgage from QV Bank Cash sale of parts for $400 (cost price $200) Paid $2 500 cash to Wilson Fittings for shelv ing Purchased stock on credit from HolFord Parts for $2 600 Sold parts on credit to Lemon Rentals for $900 (cost price $450) 7. Aug. 1 Paid wages of apprentice $600 8. Kim Swood took home stock worth $1 500 6. Received $500 cash from Lemon Rentals Analysing Chart an A Date Accounts affected Classification Increase/ Debit Credit (A/L/Oe/R/E) Decrease Bank capital 24 2$ Aug 1. Asset awner'sequity Decreave Increase
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Accounting Accounts payable $18,200 Accounts receivable 8,500 Accumulated depreciation—equipment 5,300 Bonds payable 17,500 Cash 25,000 Common stock 26,800 Cost of goods sold 28,800 Depreciation expense 5,000 Dividends 5,900 Equipment 45,500 Interest expense 2,300 Patents 7,260 Retained earnings, January 1, 2022 19,300 Salaries and wages expense 6,100 Sales revenue 53,800 Supplies 6,540 1. Find the Current ratio 2. Debt to assets ratio enter debt to assets ratio in percentages rounded to 1 decimal place % 3. Working capital $enter working capital in dollars 4. Earnings per share value plzz help me in these ratios thnx
answered Accounts Dr Marked out of Cash OMR 50,000 2.00 Accounts receivable 20,000 P Flag question Supplies 10,000 Prepaid expenses 12,000 Buildings-at cost 160,000 10,000 Accumulated depreciation - Buildings 30,000 Notes payable (due in 2 months) 30,000 Accounts payable 12,000 Interest payable 10,000 Unearned service revenue 120,000 Shared- Capital 100,000 Service revenues 40,000 Salaries Expenses 10,000 Depreciation Expenses 30,000 Utilities Expenses 10,000 Dividends / drawings 342,000 342,000 Total If this information was used to prepare a statement of financial position, Total Liabilities should be: Cull lis islO
Problems 1. The capital investment committee of Taiwan Semiconductor Company is considering two capital investments. The estimated income from operations and net cash flows from each investment are as follows: 123 45 Year Total Lithography Machine Income from Operations $26,000 21,000 7,000 4,000 Problem 1 Instructions 1,450 $59,450 Net Cash Flow a. Compute the following: i. ii. $41,000 35,000 22,500 18,000 16,150 $132,650 Photoresist Machine Income from Operations $12,250 12,250 12,250 12,250 12,250 $61,250 Net Cash Flows Each project requires an investment of $75,000. Straight-line depreciation will be used, and no residual value is expected. The committee has selected a rate of 12% for purposes of the net present value analysis. $25,250 25,250 25,250 25,250 25,250 $126,250 The average rate of return for each investment. The net present value for each investment. Use the present value of $1 table appearing in this chapter (Exhibit 2). (Round present values to the nearest dollar.) b.…
Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: $ 50,000 $ 70,000 25,000 35,000 110,000 100,000 Cash Accounts receivable Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) Total assets 20,000 30,000 120,000 80,000 170,000 $470,000 170,000 $510,000 Liabilities and owners' equity: Accounts payable Long-term debt Owners' equity $ 70,000 250,000 150,000 $ 90,000 250,000 170,000 Total liabilities and owners' equity $470,000 $510,000