Cash $20,000 $60,000 $160,000 Accounts Receivable Inventory Long-term Assets Accounts Payable Wages Payable Long-term Liabilities $400,000 $60,000 $20,000 $140,000 Calculate the company's working capital.
Q: Using the percentage method, what is the amount of Oklahoma income tax withheld under each of these…
A: The amount of income tax withholding under the percentage method is calculated by looking for the…
Q: Question Content Area Given the following information, prepare a production report with materials…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: Mary Smith, Crane & James Fabricators' accounts receivable manager, has just received the company's…
A: Lets understand the basics. Management prepares master budget for whole organization and prepares…
Q: 00 Total DL
A: The journal entry is given as,
Q: In 2014,Craig and Kathy Koehler owned a small business which was held as a proprietorship in Kathy's…
A: Tax liability is an amount levied on the taxpayer's income on the basis of applicable slab rates.…
Q: Ebony Corporation has negotiated the acquisition of Ivory Company in an exchange of shares. Under…
A: The question requires us to calculate the post-merger earnings per share and the percentage…
Q: Which of the following is classified as a general expense? U A) Depreciation costs of showroom O B)…
A: General expenses are different from selling and distribution expenses A) Depreciation costs of…
Q: ssued credit memorandum to Dial Corp. for defective merchandise –$315, including 5% GST. Inventory…
A: Sales returns and allowances are a type of sales deduction that represents the selling price of…
Q: 2016 Purchased equipment costing $40,000 by issuing a five-year, 9% note payable. The note requires…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: If an individual itemizes deductions on his or her tax return, he or she may: a. deduct the gross…
A: Deductions: Deductions are the amounts which a taxpayer can claimed in order to reduce his/her tax…
Q: d. Non-cumulative an 3. The shareholders' equity of BTY Corporation as of December 31, 2021 is shown…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Assuming a 360-day year, when a $11,392, 90-day, 10% interest-bearing note payable matures, total…
A: Interest expense for 90 day period = issue price × Interest rate × 90/360
Q: On June 30, 2021, Coco Inc. incurred a P2,000,000 net loss from disposal of a business segment. Also…
A: The question is related to Interim period is a period less than one fiscal year. Generally…
Q: At December 31, 2022, before any year-end adjustments, Dallis Company's Prepaid Insurance account…
A: Lets understand the basics. Adjustment entry is required to pass to record revenue and expenses in…
Q: Your friend Harold is trying to decide whether to buy or lease his next vehicle. He has gathered…
A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)
Q: hen closing income statement accounts having debit balances, which of the osed? O Purchases Returns…
A: Solution: Accounts having debit balances that are closed includes expenses on the income, sales…
Q: SportsWorld purchased equipment costing $10,000. The equipment has a residual value of $1,000, and…
A: Formula used: Straight line method depreciation = ( Asset cost - Salvage value ) / Useful life years
Q: rue or False. All payments by cheque are recorded in the cash payments journal. Any GST/HST paid on…
A: Cash payment journal is a accounting book, which records all type of payments such as payment for…
Q: s the principle of caveat emptor (let the buyer beware) be applied to
A: The principle of caveat emptor is very old concept that favor more to the seller of product and…
Q: The financial manager of Company A is evaluating Company B as a possible acquisition. Company B is…
A: Acquisition of other company's business is known as business acquisition. Under acquisition, all…
Q: On June 1, 2020, Jayhawk Company paid $9,600 for a two-year insurance policy on its building.…
A: Introduction: Prepaid insurance: Prepaid insurance is a current Asset. Amount paid in advance called…
Q: e evaluated the proposed alternatives for your current year-end contribution to the United Way. I…
A: Cash contributions are deductible in the year in which they are aid, subject to AGI limitation…
Q: Required: 1. Compute the company's average operating assets for last year. 2. Compute the company's…
A: Accounting Ratios: Accounting Ratios are the financial ratios through which a company can analyze…
Q: Chapter 7 (Topics 7.4 &7.5) Little Sluggers Inc., manufacturer of aluminum bats, estimates sales of…
A: A flexible budget is one based on different volumes of sales. A flexible budget flexes the static…
Q: John Keeley begins operating his Black Hole Bar and Grill on 1/1/19 with an equity investment of…
A: You have posted multiple-part questions, so as per our policy only the first three sub-parts are…
Q: Windborn Company has 30,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of…
A: In case of cumulative preferred stock any amounts of dividend that has been missed in the past will…
Q: On January 1, Power House Co. prepaid the annual rent of $19,100. Journalize this transaction. If an…
A: Lets understand the basics. Adjustment entry is required to prepared to record correct amount of…
Q: the following information is taken from the balance sheet of Atlanta company: current assets $1,440…
A: The current ratio measures the organization's ability to meet the short-term liabilities due within…
Q: A firm with a cost of capital of 7 percent is evaluating three independent capital projects. The…
A: Internal Rate of Return: The internal rate of return (IRR) is a financial research indicator that is…
Q: -the SEC requires listed firms to use GAAP on 1938 1970 1930 d 1934
A: SEC stands for Securities and Exchange commission oversees the securities exchanges, disclosure of…
Q: 9. FAIRY DRAGON CORP. has been producing two bearings, components B12 and B18, for use in…
A:
Q: Oxford Co. has a materials standard of 21 pounds per unit of output. Each pound has a standard price…
A: Direct material quantity variance is the one that signifies the variation between the estimated…
Q: The cost formulas for Emory Company's manufacturing overhead costs are given below. These cost…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: When closing income statement accounts having credit balances, which of the following accounts will…
A: Income statement is one of the financial statements that indicates the profit earned or loss…
Q: Prepare the journal entry to record the sale of 1,800 units that cost $9 per unit and sold for $15…
A: Journal entries recording is the first step of accounting cycle process, under which one account is…
Q: if the form has a NEGATIVE beginning balance of net monetary assets as S(50,0001. during the year…
A: Answer:- Purchasing power meaning:- The quantity of products and services that may be purchased…
Q: Algoe expects to invest $2,500 annually for 15 years to yield an accumulated value of $67,880.25 on…
A: Interest Rate: For the usage of assets, a lender will charge an additional sum on top of the loan in…
Q: Natural Desserts has 2,500 gallons of paint in WIP inventory, with all materials already added. The…
A: Introduction:- Equivalent units are the units in production multiplied by the percentage of units…
Q: Prepare the journal entry to record the sale of 1,300 units that cost $6 per unit and sold for $17…
A: Journal entry recording is the initial step of accounting cycle process. Under this atleast one…
Q: Old Backhoes New Backhoes Purchase cost when new $89,000 $198,095 Salvage value now $41,900…
A: The net Present Value method is a capital budgeting technique in which the present values of all the…
Q: Consider the following information taken from the Adjusted Trial Balance of a business as of…
A: The current assets are the assets which can be converted into cash within one year. For example,…
Q: Administrative Expenses include: O Advertising Expense. O Sales - Salaries Expense. O Accounting -…
A: Administrative expenses are sort of fixed cost that will occur whether production is there or not…
Q: Prepare Closing Entries
A: The questions is related to Journal Entries. Journal entries are the first step of accounting. All…
Q: The inventory data for an item for November are: Nov. 1 Inventory 25 units at $23 4 Sold 9 units 10…
A: The perpetual inventory system is the system where the company counts the inventory on regular…
Q: Required information [The following information applies to the questions displayed below] EagleEye…
A: The question requires us to calculate the Target Cost per unit for entry into the digital binocular…
Q: Given the following information, prepare a production report with materials added at the beginning…
A: GIVEN Given the following information, prepare a production report with materials added at the…
Q: 28,890 Determine the net income (loss) for the period. a. Net income $4,212 Ob. Net loss $4,212 Oc.…
A: Net income is calculated after deducting all the expenses from all the income during the current…
Q: A debit order of R1500 for payment of rates will appear in ____________during the bank…
A: Answer:- Bank reconciliation:- A bank reconciliation is the process of reconciling the bank account…
Q: Pinnacle Co., prepares quarterly interim financial reports. The entity sells electric fans and…
A: GIVEN The provision in the first quarter was calculated at 5% of sales to date which amounted to…
Q: Prepare the Profit and Loss Appropriation Account and Partners' Current Account.
A: Profit and loss appropriation a/c Dr.…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyIf current assets are $100,000 and current liabilities are $42,000, what is the working capital? A. 200 percent B. 50 percent C. 2.0 D. $58,000LiabilitiesOMRAssetsOMRShare 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 assets
- 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.determine the working capital rom the following information Debtors $ 148000, cash balance $ 69000 bank balance $ 129000 stock of Finished goods $ 188000 & current liabilities amount to $ 645000 ans options are : -12000 -111000 121000 18000The following selected information pertains to Brock Company:Cash balance, January 1, 20x1 P130,000Accounts receivable, January 1, 20x1 190,000Collections from customers in 20x1 2,100,000Capital account balance, January 1, 20x1 380,000Total assets, January 1, 20x1 750,000Additional cash investment, July 1, 20x1 50,000Total assets, December 31, 20x1 1,010,000Cash balance, December 31, 20x1 200,000Accounts receivable, December 31, 20x1 360,000Withdrawals made during 20x1 110,000Total liabilities, December 31, 20x1 410,0007. Net income for the year ended December 31, 20x1
- A firm has $1,120 in inventory, $2,780 in fixed assets, $1,470 in accounts receivable, $930 in accounts payable, and $540 in cash. What is the amount of the net working capital? Question 9 options: $4980 $3130 $4060 $2200A corporation makes an investment of $20,000 that will provide the following cash flows after the corresponding amounts of time:Year 1 - $10,000Year 2 - $10,000Year 3 - $2,000Should the company make this investment? What is the net present value at a 7 percent discount rate?($ 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 NPV
- Balance of Cash after AJE (in unit dollars, two decimal places, use standard accounting rounding): After completing Part C of the term project you have the following: Revenue 100,000.00 15,000.00 45,000.00 CGS Costs Depreciation 15,000 Salaries 30,000 Net Income Assets Cash 40,000.00 110,000.00 20,000.00 Equipment 100,000.00 AD Equipment (10,000.00) Answer: Liabilities 70,000.00 Salaries Payable 70,000.00 Net Income 40,000.00 Total Liabilities + OE 110,000.00Year Amount $20,000/yr. 35,000/yr. 1-5 6-10 Find the present value of cash flows, assuming that the firm's opportunity cost is 14 percent. Lütfen birini seçin: a. $120,820 O b. $131,065 c. $ 14,850 d. $ 19,830The following table tracks the main components of working capital over the life of a four-year project. 2021 2022 2023 2024 2025 Accounts receivable 0 174,000 249,000 214,000 0 Inventory 87,000 142,000 142,000 107,000 0 Accounts payable 31,000 56,000 62,000 41,000 0 Calculate net working capital and the cash inflows and outflows due to investment in working capital.