Choose the option that represents an example of a company's finances. -Sales for the year were good -Expenses for the year were high -Employee payrolls were paid on time. -Depreciation for the year was charged to expenses.
Q: Sales revenue Operating expenses: Cost of goods sold Depreciation expense Insurance expense General…
A: The various sections of cash flow statement are operating, investing and financing activities. The…
Q: ■ company but she is not performing any task in the company. This person will longer receive this…
A: Employees' salaries are the expenses, if these are paid. If salaries and wages are not paid, these…
Q: The characteristics of current assets are (Choose the INCORRECT answer) a) They are converted to…
A: Those assets that are convertible in cash and cash equivalents within time span of a year is term as…
Q: Joyner Company's income statement for Year 2 follows: Sales Cost of goods sold Gross margin Selling…
A: A Statement of cash flow is a financial statement that includes the inflow and outflow of cash…
Q: 3. Consider the following accounts and determine if the account is a current liability, a long-term…
A: Current liabilities are short term obligation that to be paid within one year and liabilities having…
Q: Shown below are the financial statements of Sanders Enterprises, Inc. What is the net capital…
A: Data given:Ending net fixed assets (2021) =$ 9,225,400Beginning net fixed assets (2020)=$…
Q: The company paid dividends of $15,000 last year. The "Investment in Buisson, S.A." on the balance…
A: The ratio analysis helps to analyze the financial statements of the business. The return on…
Q: 1.1 Calculate the net cash flow from financing activities. Also state whether it is a net cash…
A: Answer 1.1 Calculation of the net cash flow from financing activities. To calculate the net cash…
Q: Any amount by which capital at the end of a period exceeds the amount required to maintain opening…
A: Any amount by which capital at the end of a period exceeds the amount required to maintain opening…
Q: If Rose wood furniture Company purchased Teakwood from golden forest LLC on cash, it will cause for…
A: If a company sells goods at a price more than its purchase price it will result in Profit. If a…
Q: Use the above Adjusted Trial Balance to derive the full 2020 Statement of Income (Profit & Loss) of…
A: The financial statement which reports revenues and expenses from business operations and the result…
Q: From the list below categorize the items as they would appear on a: a. Statement of Cash Flow…
A: Statement of financial performance shows the revenues and expenses and any revenues over expenses is…
Q: There was a bit of concern about one of Big Rock's newer entities - Big Rock Paving Company.…
A: Ratio analysis: Ratio analysis helps in understanding and determining the performance of a business.…
Q: Berry Corporation reports the following information. Cash Net operating working capital Net…
A: The question is based on the concept of Cost Accounting.
Q: capital investment:
A: Capital investment refers to acquiring physical assets for the further use of achieving long-term…
Q: I need help figuring: G. operating profit margin H. Long-term debt ratio (use end of year balance…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Cash flow from assets (CFFA) is also known as “Free cash flow” (FCF). CFFA (or FCF) is calculated by…
A: Cash flow from assets = Operating Cash Flow - Net Capital Expenditure - Change in Net Working…
Q: Q2) Consider the financial statement of Kmart given in the table below. Kmart Income Statement Net…
A: Ratio analysis It is a quantitative method of measuring the company's liquidity, efficiency and…
Q: need answer with correct option
A: Given information, Sales collected from customers in cash = $700,000Beginning accounts receivable =…
Q: Yoric Company listed the net changes in its balance sheet accounts for the past year as follows:…
A: Cash Flow Statement - Statement of Cash Flow includes inflow and outflow of cash during the…
Q: When converting accounting profits to cash flows, we broadly deal with depreciation and working…
A: cash flow Statement: An organization's total cash inflows from current activities and outside…
Q: Cash Short-term investments Accounts receivable, net Merchandise inventory Prepaid expenses Plant…
A: Working Capital Year 2 = Current Assets Year 2 - Current Liabilities Year 2
Q: What kind of assets are cash and other assets that are expected to be converted to cash or sold or…
A: The financial statement consists of mainly three statements Income statement Balance sheet Cash…
Q: Which of the following is not true?
A: It means recognizing income and expenses when it is received or paid and not when it has been…
Q: Based upon the given financial statement, would you provide a credit line to this company? Support…
A: We are given the various ratios calculated from the income statement and the balance sheet of the…
Q: Which of the following statements is correct? Statement 1. Asset utilization ratios describe how…
A: Assets can be defined as the objects which are held by a firm for the purpose of generating future…
Q: Required: a. Develop a pro forma statement of cash flow for a base year showing net operating income…
A: A pro forma statement of cash flow is the presentation of cash flows on which a movement of cash is…
Q: Required: Match each term with its related definition by selecting the appropriate letter from the…
A: The accounting consists of various terms including assets, liabilities and other related terms.
Q: Required: Compute the necessary Liquidity Ratios for this year and last year to find out the…
A: Current Ratio (This Year): 2.39Current Ratio (Last Year): 2.53Current Ratio FormulaCurrent Ratio =…
Q: lie is contemplating buying a 10-year, $1,000 bond with a 7% coupon rate (coupons paid…
A: Price of bond is the present value of coupon payments plus present value of the par value of bond…
Q: An asset which ____________ is defined as a liquid asset. A. is readily and easily converted…
A: Liquid asset An asset to which we can convert into cash easily and quickly is called liquid asset.…
Q: A company is deciding whether to purchase a new machine or not, which among the following is not a…
A: A company is deciding whether to purchase a new machine or not is deiced by the Net present value of…
Q: Presented below are four different transactions related to materiality. Explain whether you would…
A: Most of the companies and the auditors has made the rule that any item which is under 5% of net…
Q: Which one of the following would not decrease if a business decided to increase its depreciation…
A: The correct answer is: (D) Cash Cash would not decrease if a business decided to increase its…
Q: hen cash has been received by the company prior to the performance of service, it should be recorded…
A: As per the guidelines, only one question is allowed to be solved. Please upload different questions…
Q: What is the operating cash flow or OCF? Explain why interest paid is not a component of operating…
A: Note: Since you have asked multiple questions, we will solve the first question for you. If you…
Q: Sierra and Jackson were discussing different types of assets that their company is managing. Which…
A: Assets are the items your company owns that can provide future economic benefit such as:CashAccounts…
Q: The company's sustainable growth : rate The company's Z-score
A: SGR is calculated by multiplying the entity's return on equity by its retention rate . It indicates…
Q: Cash Accounts rec. Inventory Total C.A. Net fixed assets Total assets Last Year Year Year $1,380…
A: Cash flow from assets represents all cash flows that are recorded by the company that relate to…
Q: 1. Should the $10 million paid to employees and the $10 million received from WTD be presented gross…
A: The Financial Accounting Standards Board (FASB) has recognised the FASB Codification as the…
Q: The calculation of working capital requires the inclusion of: A.liabilities expected to be paid in…
A: Lets understand the basics. Working capital is a capital required to run day to day business…
Q: A. What is the liquidity position of the company? Support your answer with relevant ratios B.…
A: A. Liquidity position of the company based on ratio CURRENT RATIO Current Assets / Current…
Q: Match the correct answer with these terms : cash, cell, SL depreciation, tangible, fiscal, a…
A: Given options,
Q: Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Pls help stepwise thanks. ..
A: Cash Received from Customers$600,000Cash paid for merchandise(375,000)Cash paid for Operating…
Q: Bauer Industries is an automobile manufacturer. Management is currently evaluating a proposal to…
A: Discount rate = 12.3%Tax rate = 20%Free cash flow for year 1-9=$45.40 millionFree cash for year 10 =…
2.-
Choose the option that represents an example of a company's finances.
-Sales for the year were good
-Expenses for the year were high
-Employee payrolls were paid on time.
-
(Class exercise)
Step by step
Solved in 2 steps
- Select the financial statement to which the item belongs. Items a. The change in retained earnings due to net income and dividends. b. Amount of cash received from borrowing money from a local bank. c. Revenue from sales to customers during the year. d. Total amounts owed to workers at the end of the year. Financial StatementsAnalyse and comment on the impact of the following events on a companies balance sheet, income statement and cash flow statement. E. g. Company purchases Machinery for $100,000 in cash. Effect. Obvious impact Fixed Asset increased, Balance sheet affected. Company will start recording depreciation expense in Income Statement Cash Outfi ow will reduce balance of cash on balance sheet. Current Ratio likely affected adversely and Working Capital. Analysis. Company may experience increase in Accounts Payable because of such a substantial cash outflow. This will affect Current Liabilities. Or. Company may have to seek short term loan from the bank as a back up in case there is any disturbance in receivables in the future. To counter this substantial cash outflow. Company should have negotiated with a bank a low interest loan to purchase machine over time in instalments. 1)A Manufacturing company ABC: relies on several suppliers for raw materials, often these materials are purchased on 90…On May 1, Soriano Company reported the following account balances along with their estimated fair values: Carrying Amount $ 245,300 79,200 Fair Value $ 245,300 79,200 505,500 658,000 125,500 875,000 $ 1,325,000 $ 1,488,000 $ 253,000 729,800 Account Receivables Inventory Copyrights Patented technology Total assets Current liabilities Long-term liabilities Common stock Retained earnings $ 253,000 740,000 100,000 232,000 $ 1,325,000 On that day, Zambrano paid cash to acquire all of the assets and liabilities of Soriano, which will cease to exist as a separate entity. To facilitate the merger, Zambrano also paid $100,000 to an investment banking firm. The following information was also available: • Zambrano further agreed to pay an extra $71,200 to the former owners of Soriano only if they meet certain revenue goals during the next two years. Zambrano estimated the present value of its probability adjusted expected payment for this contingency at $35,600. • Soriano has a research and…
- Please help me to solve this problemNn.21. Subject :- Account1. Calculate the following values for the company for the year ending in 20x9. Present evidence of all your calculations.a. NOPAT - Net Operating Profit after Taxesb. OCF - Operating Cash Flowc. FCF - Free Cash Flow2. Discuss what meaning each of the measures calculated in the previous question has, both for management and for investors and creditors, among other constituents.3. What is the main cause of the differences that exist between the company's earnings and the cash flows of the same evaluated period?
- Show solutions in good accounting form.Hi! Could you verife what I did. Could you take into accout the comment that are written. Please. For the second comment on the picture a) it's between; cash, income summary, sue capital, madga capital and sur drawing.Required: Explain how each of the following events or series of events and the related adjustments will affect the amount of net income and the amount of cash flow from operating activities reported on the year-end financial statements. Identify the direction of change (increase, decrease) and the amount of the change. Organize your answers according to the following table. The first event is recorded as an example. If an event does not have a related adjustment, record only the effects of the event. Note: Not all cells require entry. Do not round intermediate calculations and round your final answers to nearest whole dollar amount. Paid $2,300 cash on October 1 to purchase a one-year insurance policy. Purchased $1,100 of supplies on account. Paid $850 cash on accounts payable. The ending balance in the Supplies account, after adjustment, was $250. Provided services for $7,700 cash. Collected $10,400 in advance for services to be performed in the future. The contract called for…
- 3. II 1. Show the impact (with amounts) of each of the following items on the horizontal C. equation. For the asset section, name the specific accounts impacted. i. Record Sales during the year on account of $205,000. ii. Show the impact of $190,000 cash collected during the year. ii. Establish an Allowance for Uncollectible Accounts at year-end. Study guide - Chapter 5 (with solutions).docx iv. In the following year, an account worth $6,000 is determined to be uncollectible, what is the entry? V. A receivable for $3,500 that was previously written off is collected. What is the 2 step entry? Cash + Stockholders' Equity Assets = Liabilities Revenues Expenses Net Income Flow 2. Te* A company has, by the end of its financial period, paid out more Tax than it has to ?pay. How would this be shown in the balance sheet As a 'creditor due within one year O As a Prepaid within current assets As an accrual Revenue As a creditor due after more than one year' OApplication Directions: On the space provided, write your FIRST NAME if the idea being expressed is CORRECT, and your LAST NAME, if otherwise. 1. When an entity's net working capital is positive, current liabilities exceed current assets. 2. Marketing managers prefer lower inventory quantities since costs are associated with carrying inventories 3. When an entity's net working capital is negative, current liabilities exceed current assets. 4. Entities would prefer to convert inventories to cash the fastest way possible. 5. Working capital management is critical in every organization. 6. At the economic order quantity, carrying costs exceed ordering costs. 7. The higher the firm's current assets, the higher the profitability and the higher the risk. 8. The reorder point is measured as the lead time in order processing multiplied by daily inventory usage. 9. A firm's choice in the level of its working capital reflects its risk preference. 10.A safety stock prevents the occurrence of…