Suppose Hunt Company has receivables of $65,000, furniture totaling $205,000, and cash of $52,000. The business has a $109,000 note payable and owes $81,000 on the account. How much is Hunt's owner equity? a. $28,000 b. $132,000 c. $190,000 d. $322,000
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- Suppose your business has cash of P50,000, receivables of P60,000 and furniture totaling P200,000. The store owes P80,000 on account and has a P100,000 note payable. How much is your equity? Group of answer choices P130,000 P180,000 P310,000 P20,000Interest Revenue on the income statement is $3.900, beginning Interest Receivable is $360, ending Interest Receivable is $420, and Net Sales Revenue is $31,800. What is the cash receipt for interest? OA. $27,860 OB $3,100 OC. $3,140 OD. $3.860In reviewing the Accounts Receivable, the Net Cash Realizable Value is __ before a write off of $1500. What is the Net Cash Realizable Value after the write off?a. $16,000b. $1500c. $17300d. $14500
- A firm starts with $5,000 of accounts receivables and ends the period with $4,000 of receivables. If it collected $4,000 of receivables during the period, what was the amount of sales? Select one: a. $20,000 b. $25,000 c. $19,000 d. $21,000Directions: Read each senterce carefully and determine whether the statement is TRUE or FALS E. Write your answers on the space provided before each number. 1. At the beginning of the day, you have P200 cash in your pocket. At the end of the day, you have P50 left. If you make a horizontal analysis of your cash, you would conclude that your cash has decreased by 80% during the day. 2. In 2019, Entity A reported sales of P100 and profit of P20. In a vertical analysis, a financial statement user would conclude that Entity A was able to generate 20% profit from every peso of its sales during the period. 3. Entity A reported irventory balances of P100 and P50 in 2019 and 2018, respectively. In a horizontal analysis, a financial statement user would conclude that Entity A's inventory has increased by 50% from2018 to 2019. 4. An analysis of the intenelationships of infomation in a single period, expressed as parcentages of a common denomirator, is called horizortal analysis. 5. A comparison…??
- A. Provide exercises. Here are sample questions: Current assets is PHP2,000, current liabilities is PHP3,500. What is current ratio? Inventory is PHP150. Accounts payable is PHP450. Cash and accounts receivable total PHP800. What is the current ratio? Quick ratio? If current ratio is 1.7, what is the total accounts receivable if cash is PHP20,000, inventory is PHP7,500, and accounts payable is PHP30,000. Cash is 30% of total current assets. If current ratio is 2.3, what is the new current ratio if total non-cash current assets grow by 50%? B. 1. compute the ratios of the sample companies and ask them to compare the three companies using the ratios computed. B. 2 what are the possible reason why the sample companies have different ratios. What could have possibly caused these differences? What are the implications? B. 3 How to interpret the liquidity ratios? B4. Which ratio is more relevant - quick ratio or current ratio? B 5. What other factors would a bank or supplier look into in…Can you please answer this with soution so I can undrstand the problems. thank you so much! this is intermediate accounting problems.($000's) Cash Quarter Account Receivable Inventory Account Payable 1 100 200 200 100 Need assistance with question #5. 5. If you hold only $100 in cash at any time, what is your maximum short- term borrowing and when? 2 100 100 500 100 3 100 100 900 100 100 600 50 100
- 6. 131 3) Northern Industries accepted a credit card sale for $14,000. The credit card company charges 2%. a. What is the entry for this transaction on the horizontal equation? b. What is the impact of collecting the payment from the credit card company? (Show the individual accounts impacted in the asset section) Assets Liabilities Stockholders' Equity Revenues Expenses Net Income Cash %3D Flow a. b. 4) Here are the inventory purchases and sales for Fraser Company: Inventory Layers Available for Sale: October 1 Beginning Inventory 14 @ $16 $224 9. Study guide - Chapter 5 (with solutions).docx 19 f12 Oly prt sc 114Larry’s Lawn Equipment Company gives terms of 2/10, n/30. Larry hasannual credit sales of $500,000 and average accounts receivable of $60,000.a. What is Larry’s accounts receivable turnover?b. What is Larry’s average daily collection?c. What is the relationship between the terms that Larry is giving and hisaverage daily collection?E shop inc has...Accounting question