Jadara Company compiled the following financial information as of December 31, 2014: Revenues 140,000 Equipment 80,000 Accounts receivable 14,000 Note Payable 8,000 Expenses 125,000 Account Payable 10,000 Share capital 65,000 Dividends 10,000 Jadara's Total liabilities on December 31, 2014, are

Jadara Company compiled the following financial information as of December 31, 2014: Revenues 140,000 Equipment 80,000 Accounts receivable 14,000 Note Payable 8,000 Expenses 125,000 Account Payable 10,000 Share capital 65,000 Dividends 10,000 Jadara's Total liabilities on December 31, 2014, are

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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और अधिशेष : अधिशेष (लाभ और हानि के विवरण में संतुलन) Liabilities Share capital Profite and Loss Alc General Reserves 12% Debentures Sundry creditors Bills Payable 6. The following is the Balance sheet of a company as on 31st March: 3101-06/8060 40,000 4,20,000 1,00,000 2015 (Rs.) Assets 2,00,000 Land and Building 30,000 Plant Machinary 50,000 8,40,000 1,32,000 ( 15 ) Stocks Sundry Debtors (5.) 2014 Bills Receivable Cash at Bank 24,000 (Rs.) 140,000 3,50,000 200,000 1,00,000 10,000 40,000 8,40,000 [P.T.O.]
A moodle1.du.edu.om P Flag question Some selected financial statement items belonging to Mirbat Company are given in the table below. According to this information, which of the following is Receivables Turnover ratio? Average Receivables 15,000 Sales 77,000 Gross Profit 30,000 Non-current Assets 80,000 Sales returns 2,000 Shareholders' Equity 65,000 Select one: а. 3.33 O b. 0.20 c. 5.13 O d. 5 Previous page Next page II
Problem 17-6 (AICPA Adapted) statement of financial position: 2017 2016 Cash and cash equivalents Accounts receivable, net of allowance Inventory Investment in Hall Company at equity Land 2,350,000 600,000 1,000,000 2,200,000 2,000,000 5,000,000 ( 1,050,000) ( 800,000) 400,000 350,000 700,000 850,000 2,000,000 1,500,000 4,000,000 Property, plant and equipment Accumulated depreciation Goodwill 400,000 12,500,000 9,000,000 550,000 Accounts payable Note payable - long term Bonds payable Share capital, P100 par Share premium Retained earnings Treasury shares, at cost 600,000 500,000 1,600,000 5,250,000 2,700,000 1,850,000 1,300,000 2,100,000 4,000,000 1,750,000 ( 700,000) 12,500,000 9,000,000 Additional information 1. The net income for the current year was P3,050,000. 2. Cash dividend paid amounted to P2,500,000. 3. The entity sold equipment costing P200,000, with carrying amount of P50,000, for P70,000 cash. 4. The entity issued 10,000 shares of capital for P150 per share cash. 5. The…
Moon Corporation JULY 31, 2011Balance sheet July 31, 2011 AssetsLiabilities & Owners’ Equity Cash . . . . . . . . . . . . . . . . $ 18,000Liabilities: Accounts Receivable . . . 26,000Notes Payable Land . . . . . . . . . . . . . . . . 37,200(due in 60 days). . . . . . . . . . . . . $ 12,400 Building. . . . . . . . . . . . . . 38,000Accounts Payable . . . . . . . . . . . . . 9,600 Office Equipment . . . . . . 1,200Total liabilities . . . . . . . . . . . . . . $ 22,000 Stockholders’ equity: Capital Stock . . . . . . . . . $60,000 Retained Earnings. . . . . 38,400 98,400 Total . . . . . . . . . . . . . . . . $120,400 Total . . . . . . . . . . . . . . . . . . . . . . . . . $120,400 STAR CORPORATIONBALANCE SHEET Star Corporation JULY 31, 20112011Balance sheet July 31, 2011 Assets Liabilities & Owners’ Equity Cash . . . . . . . . . . . . . . . . $ 4,800Liabilities: Accounts Receivable . . . 9,600Notes Payable Land . . . . . . . . . . . . . . . . 96,000(due in 60 days). . . . . . . .…
* ASIACELL . قم بال لمس ل لعودة إلى الاتصال ۳:. سؤال امتحان ش2. . . Q1:Denna company's working capital accounts at December 31, 19x6, are given below: Cash . $ 50,000 Marketable securities.. Accounts receivable (net) Inventory. Prepaid expenses. Accounts payable. Notes due within one year 30,000 200,000 210,000 10,000 150,000 30,000 Accrued liabilities 20,000 During 19x7, Denna Company completed the following transactions: x. Paid a cash dividend previously declared, $12,000. a. Issued additional shares of capital stock for cash, $100,000. b. Sold inventory costing $50,000 for $80,000, on account. c. Wrote off uncollectible accounts in the amount of $10,000. d. Declared a cash dividend, $ 15,000. e. Paid accounts payable, $ 50,000. f. Borrowed cash on a short-term note with the bank, $35,000. g. Sold inventory costing $15,000 for $10,000 cash. h. Purchased inventory on account, $60,000. i. Paid off all short-term notes due, $30,000. j. Purchased equipment for cash, $15,000. k. Sold…
Provide a Conclusion and Recommendation for the company.
14 - Entity A sold its registered $ 1000 at a rate of 4.60 TL at a rate of 4.65 TL. Which of the following accounts is correct in the journal entry to be made?A) 100 02 DOLLAR CASH ACCOUNT RECEIVABLE 4600 TLB) NoneC) 656 EXCHANGE LOSS ACCOUNT DEBTED 150 TLD) 100 01 TL CASH ACCOUNT RECEIVABLE 4.650 TL E) BORROWED 646 EXCHANGE PROFIT ACCOUNT 50 TL
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ADBRI Limited (ABC, formerly Adelaide Brighton Limited) is an integrated construction material and lime producing group of companies focused on the construction, engineering, infrastructure and resource sectors in Australia. ABC has three main operating divisions being: Cement, Lime, Concrete and Aggregates and Concrete Masonry Products. Acrow (ACF, formerly NMG Corporation Limited) operates in the Australian construction services industry, hiring formwork, falsework and scaffolding equipment and undertaking sales of formwork and scaffolding related consumables. The Formwork operation involves the supply of the temporary mould that supports concrete structures in their construction. The Scaffolding operation supplies scaffolding equipment and access solutions to builders and building contractors when working at heights. Below are extracts of ACF and ABC Limited's income statements and balance sheets for 2020. Item ACF ABC Limited Income Statement Income Statement Operating Revenue…
JUBILEE’s trial balance from the general ledger at 31 December 2012 showed the following balances:GH¢’mGH¢’mRevenue 2,648Loan note interest paid3Purchases1,669Distribution costs514Administrative expenses345Interim dividend paid6Inventories at 1 January 2012444Trade receivables545Trade payables434Cash and cash equivalents2850Gp ordinary shares100Capital surplus814Retained earnings at 1 January 20123494% loan note repayable 2018 (issued 2010)150Land and buildings: Cost (including GH¢60m land) 380 Accumulated depreciation at 1/1/201264Plant and equipment: Cost 258 Accumulated depreciation at 1/1/2012126Investment property at 1 January 2012548Rental income48Proceeds from sale of equipment7,4,7404,740Further information to be taken into account:i. Closing inventories were counted and amounted to GH¢388m at cost. However, shortly after the year end out-of-date inventories with a cost of GH15m were sold for GH¢8m.ii. The company decided to change its accounting policy with respect to its 10…
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e 2018 Cash Co X+ com/quiz/28465383 press Lazada a Agoda.com e Quiz | Edmodo Department of Edu. e Classes | Ec Question 1 5 points You are a financial Manager of Chevron Corp. You need to assess the effectiveness of working capital management of the company for 2018 using the following data. What is t 2018 Receivable turnover? 2017 Account Receivable = 15 3o00 2018 Account Receivable = 15.050,00 2017 Inventory =5585.000 2018 Inventory = 5.704.000 2017 ACcounts Payable = 14.565:.000 2018 Accounts Payable = 10 952 0 2017 Sales = 134,674,000 2018 Sales = 158 902.000 2017 Cost of Saies = 95, 114 CUD 2018 Cost of Sales = 110 997 000 2017 PUtchases = 96 114000 2018 Purchases 123 435 000 10 17 f8 f6