Complete: Current Assets Cash Accounts receivable Prepaid rent Merchandise inventory Total current assets Answer is not complete. Amount $ 12,000 $ 9,000 $ 5,000 $ 28,000 $ 54,000 Round to Nearest Hundredth Percent 12.00 100 % % % % %

Complete: Current Assets Cash Accounts receivable Prepaid rent Merchandise inventory Total current assets Answer is not complete. Amount $ 12,000 $ 9,000 $ 5,000 $ 28,000 $ 54,000 Round to Nearest Hundredth Percent 12.00 100 % % % % %

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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13. Alex launched a company with $500K initial investments and 100K shares. Angel X invested $200K through convertible note in a year. Convertible note parameters were: 8.5% coupon yield and 20% discount for conversion at the next round, valuation cap $2mln. In 9 months, a new investment round closed with pre-money valuation $10mln. Angel X converted the note. How many shares did the angel get?
2. Prepare a horizontal analysis for Year 2 using Year 1 as the base year. (Note: If the percentage increase or decrease cannot be calculated, then leave the cell blank. Decreases should be indicated by a minus sign. Round your percentage answers to 1 decimal place.) YEAR 1 YEAR 2 AMOUNT % Cash $ 2,310,000 $ 840,000 Accounts recievable $1,305,000 $1,044,000 Inventory $4,005,000 $2,136,000 Buildings $8,580,000 $8,580,000 Less accumilated depreciation $1,200,000 $600,000 Total assests $ 15,000,000 $12,000,000 Liabilities and Stockholders Equity Accounts payable $ 1,725,000 $1,2000,000 Contingent liability $ 1,230,000 common stock $…
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Probability of financial Value of debt distress $0 0% $2,500,000 1% $5,000,000 2% $7,500,000 4% $10,000,000 8% $12,500,000 16% $15,000,000 32% $20,000,000 64%
Complete the aging schedule. Number of Days Accounts Outstanding Receivable Estimated % Uncollectible 0-45 days $ $734,000 2% 46-90 days 265,000 5% Over 90 days 106,000 15% Total $1,105,000 +A $ Total Estimated Uncollectible Acco
%24 %24 %24 %24 %24 %24 %24 %24 decrease answers which should be indicated by a minus sign. Round your "percent" answ LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2019 and 2020 Increase (Decrease) 2020 2019 Amount Percent Gross sales $000' 0000 0 Sales returns and allowances 000 0 00 Net sales $ 000 Cost of merchandise (goods) sold 0000 Gross profit 24 $000'S Operating expenses: $ 00% 2,200 Depreciation 009 Selling and administrative Research 550 Miscellaneous Total operating expenses 3,810 $ 3,400 Income before interest and taxes 2,190 $ 2,500 Interest expense Income before taxes 1,630 Provision for taxes 640 Net income 066 %$4 1,200 < Prev 4 of 10 here to search 直 0 EM d晶 @
%24 %24 Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $735,000; Allowance for Doubtful Accounts has a debit balance of $6,500; and sales for the year total $3,310,000. Bad debt expense is estimated at 1/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. $ b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Accounts Receivable Allowance for Doubtful ACcounts Bad Debt Expense c. Determine the net realizable value of accounts receivable.
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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?
The following is an example of: Cash Accounts receivable Inventory Equipment Total assets 10 Multiple Choice O O Ratio analysis. Horizontal analysis. Vertical analysis. Year NOV 17 2024 $300,000 500,000 800,000 1,200,000 $2,800,000 $2,600,000 2023 $800,000 200,000 700,000 900,000 ST 2