Raftar Enterprises had payments to suppliers of $520 and employees $150. The of company's customer receipts totaled $720, and it paid $15 in interest. Calculate the net fund of the business from operating activities.
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- The following information is available from the annualreport of Frixell, Inc.: Currentliabilities . . . . $300,000Operatingincome . . . . . 240,000Net income . . . . 80,000 Currentassets . . . . $ 480,000Average totalassets . . . . 2,000,000Average totalequity . . . . 800,000Which of the following statements are correct? (More thanone statement may be correct.)a. The return on equity exceeds the return on assets.b. The current ratio is 0.625 to 1.DV's Pest Control Products has the following information available: net income, $15,000; cash provided by operations, $21,000; cash sales, $65,000; capital expenditures, $11,000; and dividends paid, $3,000. What is DV's free cash flow? O $18,000. O $1,000. O $10,000. O $7,000.My business has a Stores and Distribution expense of $1,542,425, 80% was paid in Cash ($1,233,940), the rest was charged to Accured Liablilites ($308,485). How do I journalize this activity for the end of the fiscal year?
- Mr. Diretso is concurrently employed at Cumaliua Corporation and Cumanan Corporation. He received the following during the month:Compute for the VAT to be paid a. ₱0 b. ₱7,440 c. ₱9,643 d. ₱10,800During its first year of operations, Cooper Company bills credit customers $19,800 for services rendered. During the year, Cooper receives $16,500 from all customers, $3,700 of which is received from cash customers. Required: What amount of revenue should be shown on the income statement for the year?How are financial statements used by bJoe Fellows is attempting to categorize several items from his company’sfinancial statements so he can determine his working capital. Joenotices the following categories of accounts and amounts: cash, $3,500;accounts payable, $10,200; accounts receivable, $15,000; sales taxesdue the city of Phoenix, $750; sales taxes due the Arizona Departmentof Revenue, $3,450; inventory, $17,500; wages payable, $5,350; taxespayable (federal), $2,570; money market fund, $12,300; and computer,$3,400.a. List accounts classified as current assets and as current liabilities.b. Determine the amount of gross working capital.c. Determine the amount of net working capital.d. What is Joe’s current ratio?usiness?
- Darden Company has cash of $26,000, accounts receivable of $36,000, inventory of $19,000, and equipment of $56,000. Assuming current liabilities of $27,000, this company's working capital is: Multiple Choice $54,000. $9,000. $84,000. $35,000.Livro Company has three operating segments with the following information:In addition, corporate headquarters generates revenues of $2,000.What is the minimum amount of revenue that each of these segments must generate to be considered separately reportable?a. $2,900b. $3,200c. $3,300d. $3,400Oxford Company has the following account balances: Cash, $40,000; Accounts Receivable, $28,000; Inventory, $12,000; Land, $110,000; Building, $100,000; Accounts Payable, $30,000; Short-term Notes Payable, $10,000; Bonds Payable, $80,000; Oxford, Capital, $170,000; Sales, $120,000; Salaries Expense, $40,000; Utilities Ekpense, $15,000; and Interest Expense, $5,000. The current ratio for Oxford Company is O 2:1. O 2.42:1. O 2.27:1. O2.67:1. eTextbook and Media
- Oxford Company has the following account balances: Cash, $40,000; Accounts Receivable, $28,000; Inventory, $12,000; Land, $110,000; Building, $100,000; Accounts Payable, $30,000; Short-term Notes Payable, $10,000; Bonds Payable, $80,000; Oxford, Capital, $170,000; Sales, $120,000; Salaries Expense, $40,000; Utilities Expense, $15,000; and Interest Expense, $5,000. The current ratio for Oxford Company is a. 2.42:1. b. 2.67:1. c. 2:1. d. 2.27:1.please provide answer accounting questionGibson Company engaged in the following transactions for Year 1. The beginning cash balance was $28,100 and the ending cash balance was $74,991. 1. Sales on account were $283,100. The beginning receivables balance was $94,700 and the ending balance was $77,000. 2. Salaries expense for the period was $55,460. The beginning salaries payable balance was $3,815 and the ending balance was $2,180. 3. Other operating expenses for the period were $120,170. The beginning other operating expenses payable balance was $4,860 and the ending balance was $9,181. 4. Recorded $19,330 of depreciation expense. The beginning and ending balances in the Accumulated Depreciation account were $14,340 and $33,670, respectively. 5. The Equipment account had beginning and ending balances of $211,970 and $238,570, respectively. There were no sales of equipment during the period. 6. The beginning and ending balances in the Notes Payable account were $48,500 and $150,500, respectively. There were no payoffs of…