Samson Corporation has $200,000 of outstanding long-term debt, $400,000 in total liabilities, and $1,000,000 of total assets of which $75,000 is goodwill. Its long-term debt to tangible assets would be
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Samson Corporation has $200,000 of outstanding long-term debt, $400,000 in total liabilities, and $1,000,000 of total assets of which $75,000 is
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- The entity has an unsecured overdraft of R20000 at prospect Bank that carries an interest rate of 22% per annum. In which one of the following statement will this item be shown? A.Statement of financial position as a current liability B.Statement of financial position as a non current liability C.Statement of income and expenditure as finance costs C.Statement of financial position as current assetHardevPresented below are two independent cases related to available-for-sale debt investments. Case 1 Case 2 Amortized cost $40,000 $100,000 Fair value 30,000 110,000 Expected credit losses 25,000 92,000 For each case, determine the amount of impairment loss, if any.
- Banque Langenberg holds $400 million of interest-sensitive assets and $325 million of interest-sensitive liabilities. Total assets are $500 million. Interest-sensitive assets (millions) Interest-sensitive liabilities (millions) $400.0 $325.0 Total assets $500.0 $ interest sensitive gap Relative interest sensitive gap $75.00 15.00% Interest sensitive ratio 1.23 What is the initial $ interest-sensitive gap? What is the initial relative interest-sensitive gap?On January 2, 2030, Esko Corp. acquired all the net assets of Tolits Inc. Esko Corp. paid P6,000,000 for the net assets of Tolits Inc. On this date, the following accounts of Tolits, Inc. are as follows: Cash – P150,000; Accounts Receivable – P1,600,000; Inventories – P600,000; Property, plant, and equipment – P2,600,000; Accounts Payable – P1,400,000. On the date of acquisition, it was determined that the fair values of inventories and property, plant, and equipment were P660,000 and P3,400,000, respectively. Esko Corp. has estimated a restructuring provision of P500,000 representing costs of exiting the activity of Tolits Inc., cost of terminating the employees of Tolits Inc. Compute the goodwill or gain from acquisition. * a. P 2,950,000 b. P 1,590,000 c. P 2,090,000 d. P 2,450,000 pls. answer it asap thank you:)ABC Corporation has P5,000,000 total assets, P500,000 gross working capital, P200,000 net working capital, and P1,500,000 of noncurrent liabilities. The gross working capital can be sold only at 80% of book value. The noncurrent assets are equal to their market values except for a building (book value = P500,000) and an equipment (book value = P300,000). They are 75% depreciated. The building has the following relevant information. Square Cost to Total Cost to Component Footage Reproduce Reproduce Foundation 100.00 P 1,000.00 P 100,000.00 Floor 3,000.00 500.00 1,500,000.00 Walls 900.00 300.00 270,000.00 Ceiling 1,500.00 400.00 600,000.00 Water, electrical and heating system 1,000.00 700.00 700,000.00 P3,170,000.00 Total For the equipment, a 1.25 index can be used to update its value. Based on the above, what is the value of the equity of the entity?
- CARAT CORP. has completed its current year financial statements which reveal, in part, the following information: *Profit for the year - P110,000 *Total Comprehensive Income - P130,000 *Other comprehensive income relates to the revaluation of land and buildings to fair value *Dividends paid - P35,000 *Opening equity balances - share capital P300,000, retained earnings P220,000, asset revalution surplus P60,000 *No more share capital was issued during the reporting period The total equity at the end of the current year is: Choices a. 695,000 b. 675,000 c. 655,000 d. 580,000The Yellow Corp has $750,000 of debt outstanding, and it pays an interest rate of 8% annually. Its annual sales are $2.25 million, its average tax rate is 25%, and its net profit margin on sales is 12%. The company has depreciation expense of $27,000 with no amortization. What is the EBITDA coverage for Yellow Corp? O 7.38x 0742 O 745x 07.34xWhat is the actual debt service coverage ratio on these financial accounting question?
- Use the following information for the next two questions: On January 1, 20x1, Entity A had the following general borrowings. A part of the proceeds was used to finance the construction of a qualifying asset: Principal P1,000,000 12% bank loan (1.5 years) 10% bank loan (3-year) P8,000,000 Expenditures made on the qualifying asset were as follows: Jan.1 P 5,000,000 4,000,000 March 1 August 31 December 1 3,000,000 2,000,000 Construction was completed on December 31, 20x1. .How much borrowing costs are capitalized to the cost of the constructed qualifying asset?Swifty Corporation has income from continuing operations of $319,000 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of $58,800 on available-for-sale securities. 2. A gain of $25,300 on the discontinuance of a division (comprised of a $8,200 loss from operations and a $33,500 gain on disposal). Assume all items are subject to income taxes at a 20% tax rate.Prepare a partial income statement, beginning with income from continuing operations, and a statement of comprehensive income. SWIFTY CORPORATIONPartial Income Statementchoose the accounting period select an income statement item $enter a dollar amount select an income statement item select an income statement item…Under the net asset value method, the practitioner determined the Widget Company's assets had a value of $850,000 and liabilities had a value of $300,000, including notes payable of $100,000. Determine the fair market value of a 75 percent equity interest in the Widget Company.
