Cash Flow Type 10 11 12 13 Cash 1 FA 2 3 4 5 6 OA (21,000) 7 8 9 61,500 IA (18,000) OA (1,500) Accts. Allow for Rec. 42,300 OA 37,700 (37,700) Totals 58,700 4,600 D/A Supplies Equip. A/D 1,500 (1,300) 25,000 (5,625) Land - 18,000 = (92) (92) 200 25,000 (5,625) 18,000 = = = = = = = Accts. Notes Salaries Interest Common Payable Payable Payable Payable Stock R/E 1,500 (1,500) 25,000 3,500 1,063 Using the horizontal model, answer the following questions: 25,000 3,500 1,063 61,500 61,500 What are the company's total Current Assets? Revenue -Expense = Net Inc 42,300 42,300 (21,000) 21,000 (3,500) 3,500 (1,300) 1,300 (1,063) 1,063 (5,625) 5,625 (92) 92 9,721 42,300 32,580 What is it? 42,300 Revenue (21,000) Operating Exp (3,500) Salaries Exp (1,300) Supplies Exp (1,063) Interest Exp (5,625) Depr. Exp (92) Bad Debt Exp 9,721

Cash Flow Type 10 11 12 13 Cash 1 FA 2 3 4 5 6 OA (21,000) 7 8 9 61,500 IA (18,000) OA (1,500) Accts. Allow for Rec. 42,300 OA 37,700 (37,700) Totals 58,700 4,600 D/A Supplies Equip. A/D 1,500 (1,300) 25,000 (5,625) Land - 18,000 = (92) (92) 200 25,000 (5,625) 18,000 = = = = = = = Accts. Notes Salaries Interest Common Payable Payable Payable Payable Stock R/E 1,500 (1,500) 25,000 3,500 1,063 Using the horizontal model, answer the following questions: 25,000 3,500 1,063 61,500 61,500 What are the company's total Current Assets? Revenue -Expense = Net Inc 42,300 42,300 (21,000) 21,000 (3,500) 3,500 (1,300) 1,300 (1,063) 1,063 (5,625) 5,625 (92) 92 9,721 42,300 32,580 What is it? 42,300 Revenue (21,000) Operating Exp (3,500) Salaries Exp (1,300) Supplies Exp (1,063) Interest Exp (5,625) Depr. Exp (92) Bad Debt Exp 9,721

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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Cash $ 200,490 Sales $ 8,104,080 Debt Investments (trading) (at cost, $145,000) 157,080 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 302,490 Equity Investments (long-term) 280,490 Notes Payable (short-term) 94,080 Accounts Payable 459,080 Selling Expenses 2,004,080 Investment Revenue 64,820 Land 264,080 Buildings 1,043,490 Dividends Payable 139,490 Accrued Liabilities 100,080 Accounts Receivable 439,080 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,080 Administrative Expenses 901,820 Interest Expense 212,820 Inventory 600,490 Gain 81,820 Notes Payable (long-term) 903,490 Equipment 604,080 Bonds Payable 1,003,490 Accumulated Depreciation-Equipment…
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Camaro GTO Torino Cash $ 2,400 $ 230 $ 1,300 Short-term investments 0 0 600 Current receivables 260 510 500 Inventory 2,175 2,020 3,050 Prepaid expenses 300 600 900 Total current assets $ 5,135 $ 3,360 $ 6,350 Current liabilities $ 2,220 $ 1,320 $ 3,550 a. Compute the acid-test ratio for each of the separate cases above.b. Which company is in the best position to meet short-term obligations?
119il 12.6KB/s 8:48 VOLTE 60% Q2.pdf 1 The following is the Schedule of balances as on 31.3.1988 extracted from the bo Gavaskar, who caries on business under the name and style of Messrs Gavaskar Visuanin Co., at Bombay: Dr. Cr. Amount Amount Particulars Rs Rs 1,400 S Cash in Handr. •Cash at Bank Cn S Sundry Debtors lor, 2,600 86,000 Stock as on 1.4.1987– 62,000 Furniture & Fixtures 21,400 Office Equipment Buildings 16,000 60,000 Motor Car 20,000 Sundry Creditors Loan from Viswanath 43,000 30,000 Reserve for Bad Debts 3,000 Purchases u Purchase Returgs pr 1,40,000 2,600 Sales- Sales Returns 2,30,000 Salaries 4,200 Rent for Godown Pr 11,000 Interest on loan from Viswanath . 5,500 Rates and taxes 2,700 Discount allowed to Debtors 2,100 Discount received from Creditors 2,400 Freight on Purchases Carriage Outwards Drawings Printing & Stationery Electric Charges 1,600 1,200 2,000 12,000 1,800 2,200 Contd.... 1/2
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n Ltd is considerinc X O VitalSource Bookshelf: Manageria X G Marian Ltd is considering two mu X ses/1155/quizzes/6003/take - LIBIS - Sampoerna... Dashboard A VitalSource Booksh... O Spotify - Web Player MLA For Show your computation Scooby Doo Ltd is considering two mutually-exclusive projects with the following details: Project A Initial investment is $450,000 Scrap value in year 5 is $20,000 Year: 1 3 4 5 Annual cash flows 200 150 150 55 100 ($000) Project B Initial investment $100,000 Scrap value in year 5 is $10,000 Year: 1 2 3 4 Annual cash flows ($000) 20 20 30 40 40 33%