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: 1) Decreased RM80,000 2) Increased RM40,000 3) Increased RM20,000 4) Decreased RM40,000
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- If total assets increased P20,000 during a period of time and total liabilities increased by P12,000 during the same period, the amount and direction (increase or decrease) of the period's change in capital is: Choices: a.P32,000, increase b.P32,000, decrease c.P8,000 increase d.P8,000 decreaseThe owner's capital is ₱150,000. The creditors have 60% claims on total assets. What is the correct amount of total assets? ₱250,000 ₱60,000 ₱90,000 ₱375,000 The owner's equity of BSA Company is ₱90,000 representing 30% of the total assets. How much is the amount of total its total liabilities? ₱120,000 ₱210,000 ₱300,000 ₱200,000 My Fried Towel Company collected a note of ₱200,000 plus interest of ₱20,000. The total assets of the company has increased by: ₱220,000 ₱200,000 ₱20,000 ₱180,000X 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 tables
- If accounts receivable increase by R500, inventory increases by R200 and accounts payable increase by R400, net working capital would ... Select one: decrease by R300. a. b. increase by R700. C. increase by R300. Od. remain unchanged. Clear my choice9. At the beginning of the year, an Entity had total assets of P700,000 and total liabilities of P500,000. If the total assets increased by 30% which corresponds to decrease in total liabilities by 20%, what is the amount of owner's equity at the end of the year?* O A. P200,000 O B. P210,000 O C. P110,000 O D. P510,000If accounts receivable increase by R500, inventory increases by R200 and accounts payable increase by R400, net working capital would... Select one: decrease by R300. a. b. increase by R700. C. increase by R300. O d. remain unchanged. Clear my choice
- Thomas Company issues spok to new investors. $32.000. Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account? Check all that apply. Aa asset account ineases An aset ccou decases Alabilay account increases O A lahlity account decreases. Capital Stok increases. O Capital Sock decreases. Retained Earminggs increase ORetained Eamings decrease. Clear Undo Help Neat I dont know() The total assets of Shumway Company Lid. are £600,000 and its liabilities are equal to one half of its total assets. What is the amount of Shurmway Company Lid.'s equity? BE1-3 At the beginning of the year, Gonzales Company SLU had total assets of €870,000 and total liabilities of €500,000. Answer the following questions (a) I total assets increased €l50,000 during the year and total liabilities decreased E80,000, what is the amount of cquity at the end of the year? (h) During the year, total liabilities increased €100,000 and equity decreased €S5,000. What is the amount of total assets at the end of the year? (c) If total assets decreased €80,000 and equity increased €120,000 during the year, what is the amount of total liabilities at the end of the year? BE1-4 Use the accounting equation to answer each of the following questions (a) The liabilities of Alli Company Lad. are C90,000. Share capital-ordinary is C150,000; dividends are f40,000; revenues, £450,000; and expenses,…H6. BDU Company has net income of $500,000 and average assets of $2,000,000 for the current year. If its asset turnover is 1.25 times, what is its profit margin? Show proper step by step calculation
- What is the investment turnover for stone land inc on these financial accounting question?A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will a. increase and remain the same, respectively b. remain the same and decrease, respectively c. both decrease d. both increaseConsider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWC
