Problem 7 NET WORKING Corporation's bala Lo Requirement: Determine the followi
Q: Q 2. Why We go for Ad-hoc Networking if we have a well-structured networking available? Explain
A: Connecting two computers does not always require a centrally managed network. Instead , users can…
Q: List 6 (SIX) qualitative characteristics of having IFRS
A: IFRS are the International Financial Reporting Standards (IFRS) framed for guiding the accountants.…
Q: Unit V question 3
A: (a) Direct material + Direct labor + Manufacturing overhead = 9,780 + 5110 + 8,880 (a) = 23,770…
Q: strategyusedinmanagementaccountingforachievebusinessgoals
A: Management accounting basically considered as an concept that helps an business organization to…
Q: 8. operational plans are usually
A: Operations planning is the alignment of strategic goals and objectives to the technical goals.…
Q: cember 31, th ping point th cember 31, th Corp. is the c
A: FOB shipping point refers to the shipping term which indicates that either the seller or the buyer…
Q: Unit v question 15
A: Journal entry is a process of recording and classifying business transactions into books of accounts…
Q: 6) Explain Realisation concept and provide example.
A: Accounting concepts are those rules, regulations and guidelines which are used for the…
Q: - subsidiary be valued
A: Investment in subsidiary held for sale is valued as per PFRS 5 - Non current assets held for sale…
Q: from opre
A: A cash flow statement refers to the financial documents which reflect the details of all the…
Q: Question 56 A company's customer database is an example of O External secondary data O Internal…
A: Internal secondary data is the data collected by company during its normal course of activity. It…
Q: estion 21 What is the earning spread, and why is it important? Briefly discuss your answer. For the…
A: In banking the spread is very important because that is indicator of the financial health of banks.
Q: 3. Рг Ils tw
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: . Comparability (consistency). 5. Neutrality.
A: The accounting process is based on various accounting principles and it has various characteristics…
Q: 12 jsecurity analysis is sometimes referred to Select one: O ABC analysis GBY analysis CPI analysis…
A: The security analysis is the analysis of worth of the security, the time value of security and the…
Q: 5. an example for available for s
A: Available for sale (AFS) is a type of securities are purchased with the intention to be sold before…
Q: Chapter 4 Pg. 318 Facility, Product, Batch and Unit Levels.Would you please explain in great…
A: The Facility, Product, Batch and Unit Levels are concerned with Activity based costing system which…
Q: 6*. Two firms
A:
Q: Question 1: Pamlico Manufacturing Ltd h
A: An Income statement shows the financial position of the company It is an important statement that…
Q: 11. concepts assume that a business will continue in operation indefinitely. А. В. Materiality…
A: Every businessman starts their business with the assumption that the business will survive for an…
Q: Quèstion 6 Internal users include employees, managers, officers, and customers. O True O False
A: Accounting information is used by various users for decision making. These can be internal users or…
Q: 1. Descibe JIT production and its features.
A: Just in time production represents the reduction in labor, material, and time so that the cost could…
Q: Complete requirement 1
A: Ratio analysis is a method of measuring the financial position of the organization with different…
Q: Discuss in detail Five benefits and drawbacks of throughput accounting
A: Through put accounting is a managerial decision making to maximize organization's profit. In this…
Q: 7. Based on NPV which project would you ассept?
A: Based NPV(Net Present Value) we should accept the project with highest Net Present Value. Here,…
Q: 5."ABC systems only apply to manufacturing companies." Do you agree? Explain.
A: Financial accounting and cost accounting are two significant branches of accounting. Financial…
Q: Ch. 5 Practice Questions Pg. 387 #4 The formula for estimating cost behavior is y=a + bx. Explain…
A: Cost Behavior: It refers to the method in which a cost changes with respect to the changes in its…
Q: 9. Answer what is required of the problem.
A: in the given problem we have to calculate the followings total Interest for the year 2021 Quarterly…
Q: Q. 7 a) Discuss the main assumptions of CAPM theory. b) Discuss the theoretical and practical…
A: Capital Asset Pricing Model (CAPM) is used to calculate the required rate of return of an asset or…
Q: 6. Compute the residual income of CBS. 7. Compute the EVA of CBS
A: Residual Income = Segment Margin - (Average Assets x Target Rate of Return) Economic Value Added =…
Q: Unit v question 14
A: Raw Materials Inventory Dec-01 Beginning Balance 6,384 Dec-31 Requisition 14,154…
Q: (b) State FOUR (4) assumptions efficient market.
A: The efficient market is a hypothesis theory which exhibits that stock prices reflect all information…
Q: Complete requirement 3
A: Income statement: It is one of the financial statements prepared by an organization. This statement…
Q: Determine the total service department costs incurred by S2
A: Cost allocation refers to the process which is used by the company to allocate the cost of product…
Q: 15. Which of the following transactions will include an adjunct account?
A: An adjunct account represents an account where the credit balance of an account has been added to…
Q: 3. Identify the seven categories of Enterprise Enablers
A: Comment: The Question is Multiple type, so SME will answer only one question as per Bartleby…
Q: 15. State the different branches of accounting.
A: Accounting is art of recording ,classifying, and summarizing of financial transaction and events in…
Q: 7. Explain and evaluate the Innovation theory of Schumpeter.
A: Schumpeter is often known for his views on business cycles and the evolution of capitalist…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- Using the following balance sheet, calculate net working capital: Cash Marketable Securities Accounts receivable Inventory Current assets Net fixed assets Total assets Select one: O A. $60.00 O B. $40.00 O C. $10.00 O D. $90.00 $10 Accounts payable 30 Accruals 50 Notes payable 40 Current liabilities $130 Long-term debt 100 Common equity Retained earnings $230 Total liab. & equity $20 20 50 $90 0 30 50 $230ok 7 ences The balance sheet of XYZ Company is shown below. What is the Net Working Capital for the company? LIABILITIES & OWNERS' EQUITY Current liabilities Long-term debt Owners' equity Total liabilities and equity Mc graw Hill ! 1 ASSETS Current assets Net fixed assets A Total assets N Multiple Choice @ 2 C W S $180 $860 $1,800 $1,560 #3 X 80 E $ 300 1,500 D $1,800 4 R F olo 5 % U 00 * $ 240 700 860 $1,800 8 A J ( 1 9 K N M )Transaction Analysis Goal Systems, a business consulting firm, engaged in the following transactions: a. Issued common stock for $100,000 cash. b. Borrowed $60,000 from a bank. c. Purchased equipment for $42,000 cash. d. Prepaid rent on office space for 6 months in the amount of $9,000. e. Performed consulting services in exchange for $7,100 cash, f. Performed consulting services on credit in the amount of $19,250. 9. Incurred and paid wage expense of $10,200. h. Collected $13,500 of the receivable arising from Transaction f 1. Purchased supplies for $1,680 on credit. 3. Used $1,100 of the supplies purchased in Transaction i k. Paid for all of the supplies purchased in Transaction 1. Required: For each transaction described above, indicate the effects on assets, liabilities, and stockholders' equity using the format below. If an amount box does not require an entry, leave it blank. Enter decreases in account values as negative numbers. If the effect of a transaction is to increase AND…
- Financial statement analysis 2. Given below are the summarized accounts of Belper Ltd for the past five years. These the basis for the questions which follow. Summarized profit and loss accounts of Belper Ltd Sales Cost of sales Trading profit Depreciation Interest Net profit before tax Taxation Net profit after tax Extraordinary items Dividends Retained profits Retained at start of year Retained at end of year Fixed assets Freehold land and buildings Leasehold land and buildings Plant and machinery Total gross fixed assets Depreciation freehold Depreciation leasehold Depreciation plant, etc. Total depreciation Net fixed assets Intangible fixed assets Goodwill Investments Patents and trade marks Current assets Stock Debtors Bank and cash Current liabilities Creditors Taxation Dividends Bank loans and overdraft 19X4 Net current assets £000 Financed by Ordinary share capital Share premium account Retained profits Revaluation reserves 93,930 81,750 12,180 1,023 2,727 8,430 2,517 5,913…Problem 7 NET WORKING CAPITAL, CURRENT RATIO, AND QUICK RATIO. Charles Corporation's balance sheet at December 31, 20X7, shows the following: Current assets $4.000 Cash 8.000 Marketable securities 100.000 Accounts receivable 120.000 Inventories 1.000 Prepaid expenses Total current assets S233.000 Current liabilities Notes payable $5.000 150.000 Accounts payable Accrued expenses 20.000 Income taxes payable 1.000 Total current liabilities $176.000 Long-term liabilities S340.000 Requirement: Determine the following: a. net working capital; b. current ratio; and c. qguick ratio.24 range the following items in proper balance sheet presentation: (Be sure to list the assets in order of their liquidity. Input all swers as positive values.) Accumulated amortization Retained earnings Cash Bonds payable Accounts receivable Plant and equipment-original cost Accounts payable Allowance for bad debts Common stock, 100,000 shares outstanding Inventory Preferred stock, 1,000 shares outstanding Marketable securities Investments Notes payable $230,000 195,300 12,000 136,000 51,500 700,000 42,000 5,200 172,000 73,000 60,000 20,000 22,000 38,000 Help Save & Exit Submit
- Font Paragraph Drawing EXAMPLE 4: The capital employed in a business has been financed, as below: Equity Share Capital OMR 600,000 7% Preference Share Capital OMR 400,000 6% Debentures OMR 800,000 OMR 200,000 Reserves and Surplus The company earns a profit of OMR 4,00,000 before interest and Tax. Calculate Return on capital employed (ROCE) ces NOTES COMMENTSQ7 Prepare common size Balance Sheet of XRI Ltd. from the following information: Particulars I. Equity and Liabilities 1. Shareholders' Fund a) Share capital b) Reserves and surplus 2. Non-current liabilities Long-term borrowings 3. Current liabilities Trade Payable Total II. Assets 1. Non-current assets a) Fixed assets - Tangible asset Total Plant & machinery - Intangible assets Goodwill b) Non-current investments 2. Current assets Inventories Note No. March 31, 2016 15,00,000 5,00,000 6,00,000 14,00,000 March 31, 2017 16,00,000 10,00,000 12,00,000 5,00,000 15,50,000 10,50,000 41,50,000 32,50,000 5,00,000 8,00,000 12,00,000 10,00,000 1,50,000 2,50,000 41,50,000 32,50,000Lassiter Equity Fund 1/1/21 12/31/21 Assets $250,000,000 $282,000,000 Liabilities $53,000,000 $51,000,000 Shares Outstanding $2,500,000 $2,750,000 Income Distributions (per share) $0.65 Capital Gains Distributions (per share) $0.85 Required: Using the information in the table above, please calculate the beginning and ending Net Asset Value. Also, please calculate the annual rate of return for this mutual fund.
- M,Band/Aweretthree partnerssharing profits i int the ratio 2::2::11Their|Balance Sheetas at 31.3.2012 was as under: BALANCE SHEET as at 31.3.2012 Liabilities $ Assets $ General ReservE M's Capital B's Capital FAs Capital Creditors 28,000 30,000 20,000 10,000 25,000 17,500 4,C00 TZ1500 28,500 45,500 15,000 30,000 Casih Debtors Stock Land & Building Motor Vehicle Bilis Payable Goodwill 1,30,500 1,30,500 Bdied on 12th June, 2012. According to the deed, his legal representatives entitied ito: (fa) Batanceiin Capital A/c ((b) Shareof goodwill valued on the basis of thrice the averoge profits far ithe pastifourcompieted years. ((0) Shareinprofits upto the dote of death on the basis of average profits forthe pastifour completet yeurs. ((d) ifntereston capital@ 18% p.a. Profits forithe yearsending on/March 31“ of 2009, 2010, 2011 and2012 respectively.were $50,000, $E8,00, $40,000, $52,0ODirespectively. Theifirmihaitaken amatonvéhičteibutítwas mot recordetdi inthelhooksitillttate. The market…perience p....pptm ^ Type here to search w X # 3 E Coronado Company's condensed financial statements provide the following information. C Cash Accounts receivable (net) Short-term investments Inventory Prepaid expenses Total current assets Property, plant, and equipment (net) Total assets Current liabilities ACC341-2022-Ho....xlsx $ 4 Bonds payable R F % 5 O CORONADO COMPANY BALANCE SHEET T At O+ 6 V B ▶ music 2.jpeg n H & 7 Dec. 31, 2020 $52,100 197,700 80,800 442,700 3,000 $776,300 849,900 $1,626,200 237,700 401,800 U 20 8 J Dec. 31, 2019 $60,200 O 80,800 39,600 N M 360,200 $547,700 849,900 $1,397,600 6,900 155,700 ( 401,800 9 W K F11 ) O 0 888 P Home End C Rair InseUse the following information for the next three questions:The ledger of COLTISH UNDISCIPLINED Co. in 20x1 includes the following:Jan. 1, 20x1 Dec. 31, 20x1Current assets 1,200,000 ?Noncurrent assets 4,000,000 ?Current liabilities 900,000 1,000,000Noncurrent liabilities ? 3,000,000 Additional information:- COLTISH’s working capital as of December 31, 20x1 is twice as much as the working capital as of January 1, 20x1.- Total equity as of January 1, 20x1 is ₱1,700,000. Profit for the year is ₱2,400,000 while dividends declared amounted to ₱1,000,000. There were no other changes in equity during the year. How much is the total current assets as of December 31, 20x1?a. 1,600,000b. 800,000c. 300,000d. 2,200,000