Wages payable 250,000 Cash 200,000 Mortgage payable 1,500,000 Dividends payable 150.000 Prepaid rent 100,000 Inventory 800,000 Sinking fund 500,000 Short-term investments 300,000 Investment in associate 2,000,000

Q: how to calculate Average Total Assets   is it total of non current asset + current asset or…

A: Average total Assets is calculated by using the following formula: Average Total Assets = (Total…

Q: What is meant by the term time value of money?

A: Time value of money is a concept that says amount today will have more value than amount in future…

Q: Is long term investment is classified as non-current assets?

A: Generally, the liquidity of the assets plays a significant role in determining whether they are…

Q: What is the classification of long term assets? Explain them.

A: Long-term assets: Long – term assets are those assets that are generally held by a company for more…

Q: Which assets are included in the definition of current assets?

A: Current asset refers to the asset which can be easily converted to cash with a year. Current assets…

Q: How compound interest related to time value of money?

A: Compound Interest is the interest calculated on the principal that also includes the interest amount…

Q: What are the effects of depreciation on the profit and loss account and balance sheet?

A: INTRODUCTION: A depreciation plan or chart makes it easier for organizations to keep track of…

Q: Define Current assets

A: Introduction: Assets are the properties acquired and managed by business as a result of past events…

Q: What is non current assets ?

A: Current assets means those assets which will be converted in to cash in near future generally one…

Q: What does the Total-Assets-Turnover Ratio measure?

A: The asset turnover ratio computes the value of the benefits or income of an organization comparative…

Q: le

A: Formula:  Current ratio = Current assets / Current liabilities Working capital = Current assets -…

Q: would the return on as

A: Return on Assets is net income divided by the average total assets

Q: In what way do current assets and fixed assets differ from each other?

A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…

Q: What is the relationship of the asset turnover to the return on assets?

A:

Q: what should be reported as total assets

A: In a Merger, The purchasing entity acquires all the assets and liabilities of the dispersing…

Q: What is the relationship between depreciation and net income?

A: Depreciation is the part of cost of a asset which is charged to income statement yearly as a expense…

Q: How do you evaluate an asset whose value is dependent on future cash flow expectations

A: The Answer :

Q: What are the various current assets? Name them.

A: Current assets are assets which are expected to be realised or converted to cash within one year…

Q: Define a financial asset

A: A contractual financial instrument is classified into financial assets and liabilities. They are an…

Q: Under what conditions should investments be classified as current assets? As long-term assets?

A: A current asset is a cash and other assets that are reasonably expected to be converted into cash…

Q: What makes current liabilities different from long term liabilities?

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: What are those long-lived assets?

A: Long lived assets are those assets that a business retains for long periods of time for use in the…