If the liabilities of a business increased RM60,000 during a period of time and the owner's equity in the business decreased RM20,000 during the same period, the assets of the business must have:
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If the liabilities of a business increased RM60,000 during a period of time and the owner's equity in the business decreased RM20,000 during the same period, the assets of the business must have:
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- Assume that the Current Assets for Rain Co. as of Decebmer 31, 20Y8, are listed below. A. Assume further that the total Current Liabilites on the same date are $75,000. What is the amount of the working capital for Rain Co. on December 31, 20Y8? B. Assume further that the total Current Liabilites on the same date are $75,000. What is the amount of the working capital for Rain Co. on December 31, 20Y8? ASSETS Current assets: Cash $ 17,500 Temporary Investments 15,000 Accounts Receivable (net) 42,500 Inventories 72,000 Prepaid Expenses 3,000 Total current assets $150,000Assuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.00A company with $60,000 in current assets and $35,000 in current labilities pays a $1,000 current liability. As a resu of this transaction, the current ratio and working capital will a. remain the same and decrease, respectively. b. both decrease. C. both increase. d. increase and remain the same, respectively.
- 8. If total liabilities decreased by RM66,000 and owner's equity increased by RM90,000, what is the amount and direction (increase or decrease) of total assets’ change during the period? Select one: A. RM156,000; decrease B. RM24,000; increase C. RM24,000; decrease D. RM156,000; increaseNeed help this question solutionLook for the assets. Typewritten.
- What is the asset turnover ratio on these general accounting question?From the following information for BlueInks Corporation, compute the rate of return on assets. Hint: The numerator is income before interest expense and taxes. Net income $40,878 Total assets at beginning of year $250,100 Total assets at end of year $158,680 a. 15% b. 25% c. 16% d. 20%The net income of Blue-Sky Ltd. for the year ended March 31, 2021 was Rs. 4,89,000. Depreciation charged for the year was Rs. 87,000. Income for the year was arrived at after adjusting for gain on sale of land Rs. 1,05,000, loss on sale of equipment Rs. 48,000 and writing off cost of equity issue Rs. 25,000. The current assets and current liabilities of Blue Sky Ltd. as March 31, 2020 and 2021 are given here: 31-Mar-20 31-Mar-21 Rs. Rs. Stocks 1,85,000 1,67,000 Receivables 1,42,000 1,45,000 Prepaid Expenses 12,000 8,000 Cash in hand and at bank 17,000 32,000 Payables 95,000 1,07,000 Expenses outstanding 13,000 9,000 Bank Overdraft 60,000 80,000 Required: Calculate cash from operating activities. don't give hand written answers plz
- Resolve and explain the result of the current ratio for XYZ Company and compare andexplain this result with the Industry average, where current liabilities = $581,000 andcurrent assets = $832,000. a. Resolve the current ratio for XYZ Company b.Explain the result of the current ratio for XYZ Company c.Compare and explain the result of the current ratio for XYZ Company with the Industryaverage.X Ltd. made a profit of Rs. 1,00,000 after charging Depreciation of Rs. 20,000 on assets and a transfer to General Reserve of Rs. 30,000. The goodwill written off was Rs. 7,000 and the gain on sale of Machinery was Rs. 3,000. The other information available to you (changes in the value of Current Assets and Current Liabilities) is as follows: At the end of the year, Debtors showed an increase of Rs. 6,000; Creditors as the increase of Rs. 10,000; Prepaid Expenses an increase of Rs. 200; Bills Receivable a Decrease of Rs. 3,000; Bills Payable a Decrease of Rs. 4,000 and Outstanding Expenses a Decrease of Rs. 2,000. Ascertain the cash flow from the operating activities. handwritten answers are not allowed ..use tablesHelp with the Question