If the liabilities of a business increased RM75,000 during a period of time and the owner's equity in the business decreased R30,000 during the same period, the assets of the business must have: a. Decreased RM105,000 b. Increased RM45,000 c. Increased RM30,000 d. Decreased RM45,000
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- D. An entity reported the following information during the first year of operations:Pretax financial income 9,000,000Nontaxable interest received 1,000,000Nondeductible life insurance premiums paid 500,000Long-term loss accrual in excess of deductible amount 1,500,000Tax depreciation in excess of financial depreciation 2,000,000Income tax rate 25%1. What is the current tax expense?2. What is the total tax expense?3. What is the deferred tax liability at year-end?4. What is the deferred tax asset at year-end?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 decreaseIf 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 choice
- 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. O d. remain unchanged. Clear my choice9. If total assets decreased by RM10,500 and owner's equity increased by RM3,000 during the same period, then the amount and direction of the period's change in total liabilities is A. RM13,500 increase B. RM7,500 decrease c. RM7,500 increase D. RM13,500 decreasethe income statement of x ltd for the year ended was as follows: net sales 4032000, cost of sales 3168000, depreciation 96000, salaries and wages 384000, opex 128000, provision for taxation 140800, net operating profit 11520. compute net profit before working capital changes
- What is the asset turnover ratio on these general accounting question?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 tablesPlease need answer the accounting question
- 1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? *a. P800,000b. P400,000c. 3d. 1/3 3. If net sales is P200,000 and the average accounts receivable is P50,000, what is the accounts receivable turnover ratio? *a. 4b. 1/4c. P150,000d. P250,000 5. If total assets amounted to P800,000 and total liabilities amounted to P200,000, what is the debt to equity ratio? *a. 4b. 0.3333c. 0.25d. 3The 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 ₱180,000Branch Corp.'s total assets at the end of last year were $310,000 and its net income after taxes was $22,750. What was its return on total assets? Select the correct answer. a. 8.34% b. 7.34% c. 6.84% d. 7.84% e. 6.34%
