rofit M #DIV/0! ating Pr #DIV/0! Earning #DIV/0! n on As #DIV/0! non Eq #DIV/0! asset management ratios 2039 s 2040E tory Turnover Assets Turnover Assets Turnover Liquidity ratios 2039 #DIV/0! Not Given Net Profit slightly increases from last year. #DIV/0! Not given #DIV/0! Not given #DIV/0! Not Given #DIV/0! Not given s int Ratio Ratio 2040E Industry Comment Industry Comment Assets (million $) Assets (million $) Cash S-T investments Accounts receivable (A/R) Inventories Total current assets (CA) Gross fixed assets (FA) Less: Depreciation Net FA Total assets Liabilities and Equity (million $) Accounts payable (A/P) Notes payable Accruals Total current liabilities (CL) 2039 100 30 600 800 1530 5000 1300 3700 5230 2039 500 300 250 1050 2039 2040E 2040 120 60 630 700 810 5000 1100 3900 4710 400 150 300 850 (million $) Sales COGS Depreciation Other expenses Tot. op. sosts EBIT Intrest expense Pre-tax earnings Tax rate Taxes @25% Net income 2039 7000 5000 300 450 5750 1250 110 1140 25% 285 855 20408

Q: ould you please provide an image of the balance reconciliation account

A: In a balance reconciliation account, you typically have two sides: the debit side and the credit…

Q: Define sales journal.

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: Which one of the following documents is not needed to process a payment to a vendor?A. vendor…

A: Purchases of material and inventory is very important for the business. Payment for purchases can be…

Q: A. What document is used to create the Purchase Order in the Expenditure Cycle and wheredoes it come…

A: Answer a: The purchase requisition document is used to create the Purchase Order. It comes from the…

Q: 16. A source document prepared by the seller that lists the the a. sales invoice. b. purchase…

A: solution note Dear student as per the Q&A guideline we are required to answer the first question…

Q: How to journaalize entries from accounting for purchase with frieght transaction?

A: A journal entry is the first step to recording any transaction of monetary nature. Journalizing is…

Q: Define prepaid accounts? Give example?

A: Prepaid account: It is an account which records the prepayment transactions. From the buyer’s point…

Q: Describe and use the purchases journal. What steps are followed in posting from the purchases…

A: Purchase Journal:   Purchase journal records all the merchandise purchase on credit. In a single…

Q: Demonstrate, using practical example how to prepare accounts from the Sales day book and Sales…

A: The sales day book is a manually-maintained ledger in which is recorded the key detailed information…

Q: Which of the following forms cannot be customized? Select one: A. Estimate B. Sales Receipt C.…

A: Under QBO there is a feature to customize your forms.

Q: Customer sales should only be recorded usin

A: Customer sales should only be recorded using Sales Receipts or Invoices .

Q: ich the following onscreen Vendors and Expenses transaction forms typically should be prepared.…

A: The payments are done to the vendors in the order bills and invoices are received and they are paid…

Q: Which of the following types of transactions can be uploaded into QBO using the Receipt action.…

A: QBO : It stands for QuickBook Online, an online platform for recording the business transactions.…

Q: Explain an example how to record sales revenue.

A: Sales revenue is the revenue from the sales generated by the company. The sales may be either cash…

Q: Why is a “blind” purchase order used as a receiving report document?

A: Blind Purchase Order: Blind purchase order contains all the information related to the purchase of…

Q: Define Book value.

A: Asset Asset refers to an economic resource that an entity or an individual holds for gaining future…

Q: Describe and use the purchases jornal. What steps are followed in posting from the purchases journal…

A: Purchase Journal:   Purchase journal records all the merchandise purchase on credit. In a single…