Diry secret chapter-1 Accounting from Incomple-te. Records - If Sundry assets are z 20,000 and outside liabilifies are 10,00,000 Hacw much should be the capital2 20,00,000 2. Debtors on 1st January ,2007 Ž 60,000 Debtors. Lon 3lst December, 2007 F 70,000 collection from. Debtors F l,20,000 sales Return 10,000. Find aat the amount of credit sales Y Ar F 1,40,000

Diry secret chapter-1 Accounting from Incomple-te. Records - If Sundry assets are z 20,000 and outside liabilifies are 10,00,000 Hacw much should be the capital2 20,00,000 2. Debtors on 1st January ,2007 Ž 60,000 Debtors. Lon 3lst December, 2007 F 70,000 collection from. Debtors F l,20,000 sales Return 10,000. Find aat the amount of credit sales Y Ar F 1,40,000

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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Account Title Ch. remainder Believer. remainder Furniture 15.000 Damped Furniture 1.200 Goods 4.000 Domestic Customers 21.000 Promissory notes in the portfolio 6.800 Shares Listed on the Stock Exchange 10.750 Current Deposits in Euro 2.000 Paid-in Share Capital 39.000 Regular reserve 6.000 Long-term bank loans 10.000 Domestic Suppliers 4.000 Promissory notes payable in euro 4.300 Bank A- short-term loan account 5.000 Dividends payable 900 Insurance Organizations (EFKA) 800 Staff Remuneration 26.000 Employer's contributions and personnel charges 9.000 Telecommunications 2.000 Rentals 1.500 Premiums 600 Third Party Facilities (lighting - water supply) 3.100 Travel expenses 900 Promotional and Advertising Expenses 2.500 Interest on Long-term Liabilities 1.800 Furniture depreciation…
14. 15. 16. 17. 18. 19. 20. Question Workspace Check My Work The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $) 2021 Assets Cash and securities $ 3,000 Accounts receivable 15,000 Inventories 18,000 Total current assets $ 36,000 Net plant and equipment 24,000 Total assets $ 60,000 Liabilities and Equity Accounts payable $ 15,004 Accruals 9,196 Notes payable 7,000 Total current liabilities $ 31,200 Long-term bonds 12,000 Total liabilities $ 43,200 Common stock 4,536 Retained earnings 12,264 Total common equity $ 16,800 Total liabilities and equity $ 60,000 Income Statement (Millions of $) 2021 Net sales $…
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9:40 OX ll 25% ebooks.cenreader.com/#!/re 3 ,еТextbook: 'PEIN Quick Print Search Annotations Acce Tour Calculating debt safety ratio. Use Worksheet 7.1. Every six months, Leo Perez takes an inventory of the consumer debts that he has outstanding. His latest tally shows that he still owes $4,000 on a home improvement loan (monthly payments of $125); he is making $85 monthly payments on a personal loan with a remaining balance of $750; he has a $2,000, secured, single-payment loan that's due late next year; he has a $70,000 home mortgage on which he's making $750 monthly payments; he still owes $8,600 on a new car loan (monthly payments of $375); and he has a $960 balance on his MasterCard (minimum payment of $40), a $70 balance on his Shell credit card (balance due in 30 days), and a $1,200 balance on a personal line of credit ($60 monthly payments). Use Worksheet 7.1 to prepare an inventory of Leo's consumer debt. Find his debt safety ratio, given that his take- home pay is $2,500 per…
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