Given: • Assets - P5,350,000 • Liabilities - P250,000 • Owner's equity - P5,100,000 • Income - P2,500,000 • Expense - P975,000 Compute the total credit.
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- The following table shows some selected financial information of Salalah Company. Net Profit/Income 44000 Interest Expenses 4000 Rent Expenses 2000 Vehicles 20000 Receivables 8000 Inventories 10000 Machinery 21000 Prepaid Expenses 5000 Bills Payable 14000 Long term loans 28000 According to the given information, which of the following shows the Return on Assets? Select one: O a. 1 O b. 0.50 O c. 0.75 O d. 0.25Given the following information for Smashville, Ic., construct a balance sheet: $22,000 $21,000 $102,000 $37,000 $120,000 $12,000 $33,000 $64,000 Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: Total assets Total liabilities and equityTotal value of advances after adjustments will be: a. OMR 145,500 b. OMR 117,000 c. OMR 115,500 d. OMR 130,500 Total non-interest expenses of OMR 69,750 of a bank will be recorded under: a. Note: 15 b. Note: 14 c. Note: 13 d. Note: 16 Outstanding salary of OMR 1,500 will be: a. Added with salaries in income statement and recorded under liability side of the statement of financial position b. Deducted with salaries in income statement and recorded under asset side of the statement of financial position c. Deducted with interest income in income statement and recorded under asset side of the statement of financial position d. Added with interest expenses in income statement and recorded under asset side of the statement of financial position
- At the end of June 30, 2022, FDN Company has the following summary ledger accounts: Asset = P500,000 Debit Liability = P300,000 Credit Equity = P200,000 Credit Sales = P350,000 Credit Expense = ? How much is the balance of the Expense account?Profile Co has the following assets and liabilities: Assets: Cash $100 , account receivable,$150 ; Inventory,$240 ,land $200, plant net of accumulated amortization $300 : liabilities short term bank loan, $60 : accounts payable long term loan mortage loan ,$160 ,profolio co long term assets total wasUse the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $36,767 Accounts receivable 74,993 Accrued liabilities 6,681 Cash 17,378 Intangible assets 41,965 Inventory 83,039 Long-term investments 90,147 Long-term liabilities 70,154 Marketable securities 39,256 Notes payable (short-term) 24,477 Property, plant, and equipment 689,894 Prepaid expenses 1,932 Based on the data for Harding Company, what is the amount of working capital?
- 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. TeIf a business has the following balances, what would be the amount of total liabilities?ASSETSCash $ 5000Accounts Receivable 2575Equipment 14000OWNER'S EQUITYAnne Miller, Capital 2600Use the information below for Harding Company to answer the questions that follow. Harding Company Accounts payable $ 40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 Based on the data for Harding Company, what is the amount of working capital? Group of answer choices $203,000 $168,000 $238,000 $128,000
- Given the following, calculate total current assets. Prepaid insurance=$300Long-term investments=$1,200Cash=$540Prepaid Rent=$2,050Inventory=$640Plant assets, at cost=$16,800Accounts receivable=$5,900Accumulated depreciation=$6,600(in millions) Net Income Total Assets Total Liabilities Total RevenuesExpedia $ 723 $ 15,504 $ 10,574 $ 6,672Priceline 2,551 17,421 8,625 9,224How would I figure out the net profit margin for these1. Accounting of accrued loan interest of €5002. Of the total amount of €3,500 that referred to accrued wages, €3,000.00 was paid while the rest is due. journal entries
