Cash Accounts Receivable Inventory Long-term Assets Accounts Payable Wages Payable Long-term Liabilities $20,000 $60,000 $160,000 $400,000 $60,000 $20,000 $140,000 PET
Q: Answer should be presented as: DECREASE 123456 or INCREASE 123456 :During 2021, the first year of…
A: The process of recording business transactions in the books of accounts for the first time is known…
Q: Christian and Dior are partners, who share profits equally, were incapacitated due to a car…
A: Cash available after expenses and payments = P35,000 - P19,000 - P10,000 = P6,000 Capital after…
Q: A businessman needs P50,000 for his operations. One financial institution is willing to lend him the…
A: Loan Requirement = 50,000 Time Period (N) = 1 year
Q: Sales in Province 1: $6,800,000 Sales in Province 2: $1,200,000 Total labour costs of the company:…
A: Income from Operation in Province = $550,000 + Dividend received = $50,000 Total Income $600,000
Q: AMT, Inc., is considering the purchase of a digital camera for the maintenance of design…
A: Annual worth is calculated over one life cycle of the asset and is usually used to compare the…
Q: In a review engagement, the CPA issues a report with: a-moderate assurance. b-limited…
A: review engagement provides moderate level of assurance that the information subject to review is…
Q: SKIP THIS IF YOU ALREADY ANSWERED THIS. I WILL ONLY UPVOTE IF IT IS TYPEWRITTEN. FOLLOW THE…
A: Financial Statements It is the summary of report about a company 's financial results, financial…
Q: XYZ Corporation is authorized to issue 150,000 ordinary shares with par of P150. On June 1 eight…
A: Statement of Profit and Loss Account The purpose of preparing the statement of profit and loss to…
Q: West Texas Exploration Co. was established on October 15 to provide oil-drilling services. West…
A: Journal Entry: A journal entry is a type of accounting entry that is used to record a business…
Q: Question 1 Zicco owns a provision shop at Keta. On 31" December, 2020 the following trial balance…
A: Inventory valuation is a process of calculating the inventory of the business. The specific…
Q: Question 8 Al Bakara company report the following results for its calendar year December 31,2021.…
A: Introduction: A bad debt expenditure is a percentage of accounts receivable that your company…
Q: whether this is a desirable investment by using the present worth method.
A: Present worth method means the difference between PV of cash inflow & Cash outflow. Decision…
Q: products that it sells to the same market. Excerpted below are its budgeted and actual operating…
A: The weighted-average budgeted contribution margin per unit is: Total budgeted contribution/ budgeted…
Q: Nicolo manufacturing produced 10,000 Kitchen clocks in 2021 for P50 each and sold them to San Mig…
A: Consolidation In the consolidation parent company acquired the subsidiary company above the 50%…
Q: Martinez Co. borrowed $69,589 on March 1 of the current year by signing a 60-day, 6%,…
A: Introduction: Journals: Each and every business transactions are to be recorded in journals. All the…
Q: If Pierce is to receive a final settlement of P 180,000, how much should be the proceeds from sale…
A: If Pierce is to receive a final settlement of P 180,000, proceeds from the sale of the non-cash…
Q: non stock Of earnings of $210,000 on that date. Equipment was unde 30,000 and buildings were…
A: Consolidated financial statements are prepared when two or more business entities are associated…
Q: fter the realization of non-cash assets, the following account balances appeared in the genera…
A: Realization Account: When the firm dissolved then a new account is opened that is known as…
Q: Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases -…
A: Introduction: Cost of good sold: Deduction of closing stock from opening stock and purchases derives…
Q: Fischer, Inc.'s trial balance contains the following balances: Cash $371 Accounts Payable $268…
A: Introduction: Trial Balance: All the final ledger accounts balances are posted in Trial balance to…
Q: Mixing Company manufactured 2,200 units of its only product during 2022. The inputs for this…
A: Partial operation productivity is a measure where the output of the production unit is to a single…
Q: A company has purchases a new machine for $7,500, and the machine is expected to have a residual…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called a…
Q: Selected accounts with amounts omitted are as follows Work in Process Aug. 1 Balance 269,610…
A: Direct Material: The term "direct material" refers to the tangible components that go into the…
Q: 18) Salaries of $675 were paid in cash. The journal entry A) debit to Accounts Payable and a credit…
A:
Q: ss for 3rd quarter
A: The answer has been mentioned below.
Q: A Moving to another question will save this response. Question 9 Moon Co. decides to establish a…
A: Cash short and over account is expenses account. If ending balance of petty cash book is different…
Q: The following transactions took place in May 2021. May 1-5C's began the business by investing P…
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…
Q: X Dr Theory Exam - Intermediate X way pt-3958111&cmid=1071690&page=23 Theory Exam
A: Under the FIFO method of inventory valuation, goods purchased first are sold out first.
Q: Prepare the necessary requirements and use journal, ledger Owner's Equity (300-399) 311 5C's,…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: Evoc Company Statements of Financial Position December 31 Intangibles and other assets. Property,…
A: Introduction: Working capital : Deduction of Current liabilities from Current Assets derives the…
Q: Al Rahami Shop started the year with total assets of OMR210,000 and total liabilities of OMR120,000.…
A: The net income is calculated as difference between revenue and expenses of the current period.
Q: Centex, Inc. issued 47,000 shares of its $1 par value common stock for $30 per share. The journal…
A: The company can raise funds by various methods. Some of them are, by way of issuing common stock,…
Q: Al Rahami Shop started the year with total assets of OMR210,000 and total liabilities of OMR120,000.…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: Dash (Pty) Ltd provided the following information that was extracted from the financial records for…
A: It is the financial statement that analyses the changes in income statement and balance sheet items…
Q: ERCISE 6. Journal Entries - Capital share different from capital contrib June 1, 2022, Al and Ace…
A: Partnership is the relation between two or more partners who have agreed to share profit/loss of the…
Q: Sergei Company purchases land for $4,000,000 from which it expects to extract 2,000,000 tons of…
A: Introduction: Depletion rate per ton = ( Asset value - salvage value ) / Estimated Tons
Q: During 2021, Cassandra Albright, who is single, worked part-time at a doctor's office and received a…
A: Form 1040 is a form that is used by the US citizens and NRIs to file their annual income tax…
Q: a) Analyze the sales budget (in unit and value). b) Analyze the production budget of the Bobo Co. c)…
A: The question is related to Budgetory Control. The Sales budget and Production Budget are…
Q: Learning Competency: Posts transactions in the ledger. (ABM_FABM11-IVa-d-31) Activity 1…
A: As per your requirement ledger accounts uploading below
Q: Gent Designs requires three units of part A for every unit of A1 that it produces. Currently, part A…
A: Cost when producing Direct materials $4.00 Direct labor…
Q: Winny's Office Furniture has a contribution margin ratio of 16%. If fixed costs are $183,800, how…
A: Formulas: Break even point in sales dollars = Fixed cost / Contribution margin ratio Division of…
Q: issued 2,000 shares of preferred stock at $ 105 per share. Sep. 3 issued 80,000 share of common…
A: A journal entry is a branch of accounting entry used to document a commercial transactions in a…
Q: Cap Incorporated manufactures ball point pens that sell at wholesale for $0.80 per unit. Budgeted…
A: Full costing is nothing but absorption costing. In absorption costing method, the unit product…
Q: A payment of $700 is due in 3 years, and $5,000 is due in 5 years. What single payment made today…
A: PV=FV11+rn=$70011+4.54×1004×3+$500011+4.54×1004×5=$612.062293+$3997.59977=$4609.66206=$4609.66
Q: Super Company is planning to invest P 80,000 in a 3-year project. The internal rate of return (IRR)…
A: The sum over time of total cash received (inflow) from sales or loans less the total amount of money…
Q: LP Corporation uses an activity-based costing system with the following three activity cost pools:…
A: Cost allocated to fabrication activity - Wages and salaries = P460,000 x 5% = P23,000 Depreciation…
Q: porated makes two types of industrial component parts - the B300 and the T500. The Income Statement…
A: The predetermined overhead rate refers to the rate which is used to apply t the manufacturing…
Q: On January 1, 2021, Eno Company purchased 80% of Zosi Co's P10 par common stock for P2,437,500. On…
A: Non-controlling interest is recognized at fair value, or the value is proportionate to the fair…
Q: You are considering developing 2 buildings (32 units each) on a 4-Acre lot (2-Acre waterfront,…
A:
Q: f. The bank erroneously Required: Prepare a bank reconciliation as of December 31st
A: 1. NSF Checks are not sufficient funds checks which are recorded in books of accounts but was not…
555)
Step by step
Solved in 2 steps
- Baltusrol Inc. has the following three investment opportunities. A P70,000 10,000 B Initial investment Initial working capital required Cash inflows by year: Year 1 P70,000 5,000 P70,000 8,000 P35,000 35,000 10,000 5,000 8,000 P83.000 P1,250 P35,000 10,000 45.000 20,000 2,000 P112.000 P10,000 P4,000 8,000 10,000 98,000 5.000 P125.000 P12,500 Year 2 Year 3 Year 4 Released working capital Total Average annual income Required: 1. Rank the investment opportunities in order of desirability using. A. Payback period. B. Average book rate of return (use average net book value of the investment as the denominator), and C. NPV using a 16% discount rate. 2. Determine the profitability index for each opportunity and rank the investments based on these values.($ thousands) Present value at 19% Net cash flow Net present value 0 1 4 -13,700 -1,594 -13,700 -1,339 3,541 (sum of PVs). Period 2 3 6 3,057 6,433 10,644 10,095 5,867 2,159 3,817 5,308 4,230 2,066 5 7 3,379 1,000 Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 19% nominal rate and 11% expected inflation. NPV should be unchanged at +3,541, or $3,541,000. Note: Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole number. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Real Net Cash Flows NPVFor the value of P shown, what is the NPV for the cashflow? S1,000 5% Value of P Rate Year Cash Flow 0-12P 1$0 2$5,000 3$7,500 4+5P 5+2P 6+P $9,701 $14,037 $5,440 $7,500
- Income from Net Cash Year Operations Flow $100,000 $180,000 2 40,000 120,000 40,000 100,000 10,000 90,000 10,000 120,000 The net present value for this investment is 4, 5.Year Investment $13,000 $10,000 Cash Inflow $1,000 $2,000 $2,500 $4,000 $5,000 $4,000 $5,000 $4,000 $3,000 $2,000 Determine the Payback Period. 1234567899If discretionary expenses are $500, cash flow before discretionary expenses are $2,000, and discretionary capital expenditures are $500, what is the discretionary payout percentage? A. 50% B. 25% C. 20% D. 250%
- Information on four investment proposals is given below:Investment ProposalA B C DInvestment required ........................ $(90,000) $(100,000) $(70,000) $(120,000)Present value of cash inflows ......... 126,000 138,000 105,000 160,000Net present value ............................ $ 36,000 $ 38,000 $ 35,000 $ 40,000Life of the project ............................ 5 years 7 years 6 years 6 yearsRequired:1. Compute the project profitability index for each investment proposal.2. Rank the proposals in terms of preference.LiabilitiesOMRAssetsOMRShare capital400,000Land and building280,000Net profit60,000Plant and machinery700,000General reserve80,000Stock400,000Debentures840,000Debtors200,000Creditors200,000Bills receivables20,000Bills payable100,000Cash80,000Total1,680,000Total1,680,000 1>calculate total current liabilites 2>calculate total Current assetsWhat is the cash flow from operating activities? 2020 2021 Sales $5,300 $5,900 Depreciation 750 850 COGS 2400 2900 Interest 180 196 Cash 200 500 Accts Receivables 200 400 Notes Payable 800 550 Long-term debt 1500 1950 Net fixed assets 3000 3500 Accounts Payable 250 400 Inventory 700 900 Dividend payout 30% 30% Tax rate 35% 30%
- What is the present value of the following cash flow stream at a rate of 12.00%? Years: 0 1 2 3 4 CFs: $0 $75 $225 $0 $300 Select one: a. $511.28 b. $402.03 c. $546.24 d. $441.36 e. $436.99Net cash flow Present value at 20% Net present value (s thousands) Period 0 -13,100 1 2 3 4 5 6 7 -1,534 2,997 6,373 10,584 10,035 5,807 -13,100 -1,278 2,081 3,688 5,104 4,033 1,945 3,319 926 3,399 (sum of PVs) Restate the above net cash flows in real terms. Discount the restated cash flows at a real discount rate. Assume a 20% nominal rate and 10% expected inflation. NPV should be unchanged at +3,399, or $3,399,000. Note: Negative answers should be indicated by a minus sign. Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole number. Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Real Net Cash Flows NPV $ (13,100)Year Initial Cost & Carrying amount Annual net cash flows Annual net profit 0 $ 150,000.00 1 $ 70,000.00 $ 50,000.00 $ 15,000.00 2 $ 42,000.00 $ 45,000.00 $ 17,000.00 3 $ 21,000.00 $ 40,000.00 $ 19,000.00 4 $ 7,000.00 $ 35,000.00 $ 21,000.00 5 $ - $ 30,000.00 $ 23,000.00 1. Terrys titles ltd is reviewing a capital investment proposal.The inital cost of the project and the net cash flows for every year presented in the schedule above. It is estimate that there would be no salvage value at the end of the investments life.Terry's uses a required rate of return of 10 per cent to evaluate new capital investment proposals. a. Calculate the…
