PART I- FMT Company had the following balance sheets and income statements accounts over the lastthree years (in thousands).2018201920204,0513,613950Receivables1,9632,870PayablesLong-term debt1,86250011,8632,9441,000Sales14,95216,3493,287Inventories2,0312,613Bank loan2509001,050Accruals301516587Cash561387202Net fixed assets2,5814,4304,3642,793Selling, general, and administrative expensesShareholder's equity2,2762,4714,2234,9405,704Interest73188200Cost of goods sold8,53711,12412,016Таxes390452576Total assetsCurrent assets???Current liabilities??Total liabilities and shareholder's equity?Gross Profit?Profit before taxesNet IncomeRequirements:2. Conduct a vertical and horizontal analysis for Balance sheet and Income statement.

Horizontal analysis indicates percentage growth from the previous year to the current year. It is…

Answered: 2018 2019 2020 Receivables 2,870 2,944…

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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Problem 6 Luna Company discounted its own 2-year P500,000 12% interest bearing note at the bank onSeptember 1, 2020. The note was dated August 1, 2020. The discount rate was 15%. Preparethe journal entries relating to the said note starting September 1, 2020 until its payment.
2-3 Loans Receivables Green Bank loaned P9,000,000 to a borrower on January 1, 2018. The terms of the loan were payment in full on January 1, 2023, plus annual interest payment at 12%. The interest payment was made as scheduled on January 1, 2019. However, due to financial setbacks, the borrower was unable to make the 2020 interest payment. The bank considered the loan impaired and projected the cash flows from the loan on December 31, 2020. The bank has accrued the interest on December 31, 2019, but did not continue to accrue interest for 2020 due to the impairment of the loan. The projected cash flows are: Amount Projected on December 31, 2020 1,500,000 Date of Cash flow December 31, 2022 December 31, 2023 2,000,000 December 31, 2024 2,500,000 December 31, 2025 3,000,000 The present value of 1 at 12% is .89 for one period; .80 for two periods; .71 for three periods; .64 for four periods; and .57 for five periods. R. What is the interest income for 2021?
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evious Ned 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 the 2018 Cash Conversion Cycle using 365 days? 2017 Account Recevable-15.653 000 2018 Account Receivable=15:050 000 2017 Inventory= 5 585 000 2018 Inventory = 5704 000. 2017 Accounts Payable 14.565 000 2018 Accounts Payable 13 053 000 2017 Sales134674 000 2018 Sales 158 902 000 2017 Cost of Sales=9511430 2018 COs oSales = 1:3997 0 2017 Purchases 2018 Purchases 總 I99
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Bank 3 Assets (millions) 6 11 Liabilities (millions) Maturities 1 day +1 day-3mos +3 mos- 6 mos +6 mos-12 mos +1 year-5 years 17 10 15 90 43 52 11 Use the Repricing Model. If interest rates rise by 56 basis points for assets and 142 basis points for liabilities over the next year, then how will impact the interest income of Bank 3 over the next year? Bank 3 will experience a loss of $1,483,000 O Bank 3 will experience a gain of $679,400 Bank 3 will experience a loss of $679,400 Bank 3 will experience a gain of $1,953,400
Franklin's new snowmobile cost $9,500. After his down payment of $1,500, he financed the remainder at 10% for 3 years. Use the table to find the monthly payment for the amortized loan. Find the total interest paid on the loan. Click the icon to view a table of monthly payments on a $1,000 loan. The monthly payments for this loan are $. (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. ? 1 part remaining Clear All Greck Answer javascript:doExercise(5); Copyright © 2020 Pearson Education Inc. All rights reserved. | 99 a 近

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