December 31 2021 2020 sh P 430,000 P? zounts Receivable 1,020,000 420,000 epaid Rent 18,000 12,000 rentories 650,000 500,000 nd 4,500,000 4,500,000 ildings, net 9,950,000 3,600,000 tal Assets ? 9,462,000 counts Payable P 55,000 P 340,000 tes Payable 6,000,000 laries Payable 240,000 120,000 erest Payable 20,000 come Tax Payable 604,700 tal Liabilities 6,919,700 450,000
Q: Fiscal Year June 30, 2021 (5th yr) 2022 Sales 80,000,000.00 75,000,000.00 Cost of Sales…
A: Allowable deductions: Apart from the cost of sales, there are other operating expenses incurred…
Q: Period Ending: 2020 31/12 2020 30/06 2019 31/12 2019 30/06 Net Interest Income 9371 9317 9350 8986…
A: The income statement shows the items of income and expense that help determine the net income of the…
Q: nstruction were as follows: n 1, 2020. $600,000 $1800,000 $1800,000 arch 31,2021. $1800,000…
A: A... Weighted Average Expense Jan2 = Time in Month taken / Total Month x Expense of Asset…
Q: What interest was earned if P500 500 is invested at 10 1/2% from October 20, 2019 to March 20, 2020?…
A: Solution: Amount invested = P500,500 Interest rate = 10.5% Period invested = Oct 20, 2019 to March…
Q: From the following information calculate the gain on holding a monetary liability Jan 2020 Dec. 2020…
A: Following is the answer to the given question
Q: P1,000 a month. How much is to be included as gross income in 2020? Select one: а. Р318,000 b.…
A: Given information is: Basic Salary = 8000 per month Gross premium in 2020 = 42,00,000 Commission =…
Q: E10.7 (LO 1) Allison Hardware Ltd.'s payroll for November 2020 is €200.000. The Social Security rate…
A: Social Security tax = Gross Earnings x Social Security tax rate = 200000*8% = 16000
Q: 2018 2019 2020 Receivables 2,870 2,944 1,963 4,051 Payables 1,862 3,613 Long-term debt 500 1,000 950…
A: Horizontal analysis indicates percentage growth from the previous year to the current year. It is…
Q: 2019 2020 2019 2020 'ash $1,300 $1,100 Accounts payable $2,100 $2,900 .ccounts receivable $4,100…
A: Cost of goods sold means total costs incurred in goods, which are sold in particular period of time.…
Q: 2019 2020 2019 2020 ash $1,000 $1,400 Accounts payable $4,100 $4,8C Lccounts receivable $8,000…
A: please like the answer your response matters Calculate net income Beginning retained earnings…
Q: 2019 2020 2019 2020 Cash $1,200 $2,400 Accounts payable $4,400 $1,000 Accounts receivable $9,200…
A: Given that, opening balance of Accounts payable = $4400 The closing balance of accounts Payable =…
Q: own payment: 20% nstallment sales: P545, 000 in 2020, P785,000 in 2021, and P968,000 in 2022 Markup…
A: Realized gross profit on instalment basis is equal to the amount of cash collected X gross profit %…
Q: 31/12/2020 31/12/2019 non-current assets: PPE at cost 100,000 50,000 50,000 100,000 40,000 60,000…
A: A cash Flow statement is a statement which discloses the changes in cash position between two…
Q: 2020 Php 165,000 Liability for unredeemed coupons as of December 31, 2020 Php 99,000 Required: 2.…
A:
Q: 2019 2020 Assets Coo,024,רה 68,109,000 120000,רה 26,107,000 248,357,000 137,332,000 646,648,000…
A: Accounting policies and rules and regulations that are used in preparing the financial statement…
Q: 2019 2020 2019 2020 Cash $1,400 $2,000 Accounts payable $4,700 $4,200 Accounts receivable $3,500…
A: Cash dividends paid = Beginning retained earnings + net income - ending retained earnings =…
Q: The insurance total of R9000 on 29 February 2020, the end of the financial year, included a premium…
A: As per expense recognition concept, all expenses and revenues relating to the particular period…
Q: . Estimate the duration of Deposit NBank Balance SheetCash = $ 50Loan M (7%, 6 years) = $200Deposit…
A: Given Information:Loan M (7%, 6 years) is $200 Deposit N (3 years, 2%) is $200 Equity is $50 Total…
Q: 2019 2020 2019 2020 Cash $2,800 $4,100 Accounts payable $2,200 $2,500 Accounts receivable $3,900…
A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…
Q: 10/1/2020 Received a $945,000, 5-year loan from M&T Bank with a 4.25% interest rate. Interest is…
A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…
Q: 2020 2021 2022 Costs incurred $400,000 $425,000 $245,000 Estimated costs to complete 600,000 275,000…
A: Gross profit recognized in 2020 Contract price=$1,600,000 Costs incurred= $400,000 +$600,000…
Q: December 31, 2020 December 31, 2020 Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit…
A: Income Statement as on 31st December 2020 Particular Amount Amount Sales Revenue 657000…
Q: project in 2021. The project re ailable for release to custome ne 30, 2021 were $3,200,000 ere…
A: The right option is D $560,000.
Q: $ 8,000,000 at 10% $ 6,000,000 at 11% Prepare the journal entries to record the interest…
A: Capitalization of Interest Expenses For the Calculation of Interest Expenses which are incurred for…
Q: etails 2020 2021 OMR 4,000,000 OMR 5,832,00 ts to complete ngs during the year d during the year…
A: Given: The data is given as,
Q: E10.7 (LO 1) Allison Hardware Ltd.'s payroll for November 2020 is €200,000. The Social Sccurity rate…
A: Social Security tax = Gross Earnings x Social Security tax rate = 200,000*8% = 16,000
Q: 12/31/2020 12/31/2021 nventory 150,000 over 100,000 under eciation 85,000 under surance premium of…
A: Net income refers to the total sum of money earned by an individual or an entity in a desired period…
Q: Parker & Washington, Inc. borrows $120,000 on January 1, 2021 anuary 1, 2022. P&W closes its books…
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: How much is the salaries expense to be recognized in 2018? P80,000 P100.000 c. P180,000 d. P300.000
A: The fair value at grant date i.e P30 will be taken for expense calculation. The share options will…
Q: 1. January 1, 2020? a. 6,000,000 b. 5,000,000 c. 5,494,500 d. 3,850,000 2. What is the gain on…
A: Prevent value: Present value is the sum of the current value of money of future cash flows. It is…
Q: Payment Interest Principal Balance ($) ($) ($) ($) 30 June 2018 500,000 30 June 2019 55,000 445,000…
A:
Q: 2019 2020 2019 2020 Cash $1,200 $2,400 Accounts payable $4,400 $1,000 Accounts receivable $9,200…
A: The debt to equity ratio can be defined as a solvency ratio that is debt obligations of the company…
Q: Principal P405, 000 P750, 000 PI, 320, 000 P5, 600, 000 PI7, 000, 000 Rate Mode of Payment Monthly…
A:
Q: 2019 2020 2019 2020 Cash $1,200 $2,400 Accounts payable $4,400 $1,000 Accounts receivable $9,200…
A: First, compute the cost of land sold as shown below: Loss on sale of land = Cost of land sold - Sale…
Q: 2020 2019 Net sales.. P2,200,000 P2,000,000 Total Expenses. 1,998,000 1,800,000 Required:
A: Formula: Difference amount = 2020 value - 2019 value
Q: What is the cash value of the 120.000 TL receivables with a maturity of 20.04.2020, held by the…
A: Working notes :- Rate of discount…
Q: Lebit ured 9/30/2020 Cash 100,000 Note payable (CNY) 100,000 2/31/2020 Interest expense 525 Interest…
A: The answer is stated below:
Q: Question 13 Not yet answered Marked out of 1 P Flag question the statement of financial position for…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 2019 P 40,000 Accounts receivable, net Inventory 40,000 Current assets 120,000 Total assets, net…
A: Formulas: Age of receivables = 360 days / Accounts receivable turnover where, Accounts receivable…
Q: Salaries payable Accounts payable Employees' income tax payable Estimated warranty payable 450,000…
A: Current liabilities includes the amounts which are obligated for a period of 1 year or less than it.…
Q: please all parts Find the following accumulated values on December 31, 2020 a) $6000 invested on…
A: Compounding is a technique through which future value of present amount is computed at fixed rate.
Q: P10.6 (LO 2) Chen Group has been operating for several years, and on December 31, 2020, presented…
A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…
Q: Under accrual basis, Debbie would report 2020 sales of
A: The required formula as follows:- Sales = Closing balance of debtors + Collections from customers -…
Q: 3. What is the premium expense for 2021? a. 2,400,000 b. 2,000,000 c. 2,120,000 d. 1,920,000 4. What…
A: As per expense recognition principle and accrual concept of accounting, all expenses that belongs to…
Q: Hello, I wanted to know why for the calculation of the current ratio and working capital, on the one…
A: Financial Position: A financial position is the current adjusted sum of the recorded resources,…
Q: RM 200,000 6,000 Account Receivable Provision for doubtful debt On 30 June 2019, the following…
A: The provision for doubtful debts account is created to record estimated bad debt expense for the…
Q: December 31, 2021 December 31, 2020 P 250,000 P 300,000 How much is adjusted / accrual balance of…
A: Liabilities are the dues and obligations which needs to be paid out by the business. It can be…
Q: Fiscal Year June 30, 2021 (5th yr) 2022 2023 Sales 81,000,000.00 75,000,000.00 86,000,000.00 Cost of…
A: Solution: Particulars 2021 2022 2023 Sales 81000000 75000000 86000000 Less: Cost of Sales…
Q: 2019 2020 2019 2020 Cash $2,800 $4,700 Accounts payable $4,800 $5,900 Accounts receivable $2,500…
A: The amount paid to the supplier is computed by adding the beginning account payable and purchases…
Using either Direct or Indirect Method of presenting Cash flows from Operations, Net Cash flow from operations for the year 2021 amounted to?
Step by step
Solved in 3 steps with 3 images
- Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).Price/ earnings ratio: Years 2020 2019 2018 Price per share 0.667 0.665 0.674 EPS 0.404 0.203 0.214 P/E 1.650 3.27 3.14 interpert and analyze
- Aa v AaBbCcDdEe AaBbCcDdE AaBbCcDdEe Normal Body Text List Paragraph No Spacing Table Par -Ov A v Question 1: In the table below, you are given the financial performance indicators forCari Farm during the period 2018 to 2020. 田 Cari Farm Industry Performance Area 2018 2019 2020 2018 2019 2020 Leverage: Assets/Equity Debt/Equity (%) Interest Coverage 0.81 1.21 0.92 1.00 1.20 1.15 101.3 81.5 81.6 73.0 77.0 81.0 1.63 2.78 2.04 4.00 3.50 3.30 Liquidity: Current Ratio 1.22 1.49 1.45 2.00 1.70 1.50 Acid-test Ratio 1.10 1.30 1.20 1.00 0.90 0.90 Profitability: Profit Margin (%) 11.77 15.58 10.81 15.60 15.71 15.80 Efficiency: Revenue/Assets 0.47 0.49 0.50 0.60 0.62 0.68 Please use the table above to answer the following questions: a. Discuss the trend analysis on how Cari Farm performed over the period for each ratio category. b. Report on how Cari Farm performed as compared to the industry norms for each ratio category. c. Calculate the return on assets (ROA) as a percent and the return on…Help me answer this A. Marketable securities for general aviation inc for 2020 B. Accounts receivable for general aviation inc for 2020 C.Inventory for general aviation inc for 2020Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 446,122 $ 293,501 $ 242,563 $ 173,880 $ 128,800 Cost of goods sold 221,100 145,365 122,206 87,101 63,112 Accounts receivable 21,592 17,140 16,664 10,137 8,784 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
- OkyOTcw/a/MjUwNDEyNDM20TEx/details Particulars Credit (RM) 48,400 Debit (RM) Capital Drawings Trade receivables Trade payables Sales Purchases Sales returns Purchases retums Wages and salaries Discounts allowed Discounts received Provision for doubtful debts Insurance Inventory as at 1 September 2018 Utilities 3,500 9,000 12,500 40,400 31,000 300 250 5,600 120 200 300 700 2,400 950 350 10,000 3,000 20,000 Rates Premises Fixtures and fittings Motor van Cash in hand Cash at bank TOTAL 330 14,800 102.050 102.050 Additional information as at 31 August 2019: i. Inventory as at 31 August 2019 amounted RM3,300 ii. An entity from whom there is accounts receivables of RM200 was unable to settle his debt and this amount is to be written off as bad debts. iii. The provision for doubtful debts is 1% of the outstanding trade receivables. iv. The owner took RM100 worth of goods from the business for his own use Required: a) Statement of Profit or Loss and Others Comprehensive Income for the year…1 nts eBook → Print 5 eferences Mc Graw Hill Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: Numerator: Base year cost of goods sold 2021 $ 719,206 376,387 34,953 Numerator: Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2020 $ 467,017 244,349 27,274 Trend Percent for Net Sales: 1 Denominator: /Base year accounts receivable 1 1 7 / 1 1 1 1 1 Trend Percent for Cost of Goods Sold: 1 Denominator: 2021: 2020: 2019: 2018: 2017: Is the trend percent for Cost of Goods Sold favorable or unfavorable? 2019 $ 379,689 200,588 26,085 1 1 7 1 Trend Percent for Accounts Receivable: Denominator: 2021: 2020: 2019: 2018: 2017: 1 Is the trend percent for Accounts Receivable favorable or unfavorable? 1 2018 $ 253,126 132,876 14,808 = = = = = = = =…Calculate the Horizontal (Trend) Analysis and horizontal analysis % change for the year 2020, 2019, 2020 Please use excel to calculate the formula Thank you! Toyota Motor Corporation Consolidated Balance Sheet 2020 2019 2018 Assets Current Assets Cash and Cash equivalents 4190518 3574704 3,052,269 Time Deposits 828220 1126352 901244 Marketable securities 678731 1127160 1768360 Trade accounts and notes recievables 2094894 2372734 2219562 less A.F.D.A. Finance receivables, net 6614171 6647771 6438306 Other recievables 564854 568156 489338 Inventories 2434918 2656396 2539789 Prepaid expenses and other current assets 1236225 805964 833788 Total current assets 18642531 18879237 18,242,656 Noncurrent finance recievables, net 10423858 10281118 9481618 Investments and other assets: Marketable…
- What is the gearing ratio for the year 2018? Use the information from IBM’s financial statements below Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Current assets R 48 116 000 R 48 935 000 R 49 004 000 Current liabilities R 40 562 000 R 36 002 000 R 42 435 000 Inventory R 2 450 000 R 2 494 000 R 2 701 000 Owners’ equity R56 455 000 R55 932 000 R53 657 000 Total liabilities R 90 405 000 R 86 385 000 R 96 058 000 Total assets R 113 452 000 R 109 022 000 R 109 524 000 Net income R 14 833 000 R 13 425 000 R 12 334 000 Net profit R 46 014 000 R 43 785 000 R 45 661 000 Sales R 99 870 000 R 95 758 000 R 103 630 000Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear Refer to the 10-K reports of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com. Required: Are debt and equity likely to be available as inflows of cash in the near future?Investment in Trading Securities The following information relates to Sanders Companys investment in trading securities for 2019: Required: 1. Prepare journal entries to record the previous information for 2019. Use the effective interest method and round all amounts to the nearest dollar. Assume that Sanders prepares semiannual financial statement. 2. Show the items of income or loss from investment transactions that Sanders reports for each 2019 semiannual income statement. 3. Show how the investment items are reported on each of the 2019 semiannual balance sheets, assuming that management expects to dispose of all investments within one year of purchase.