What is the total amount of liabilities in his business? a.R1 397 600 b.R1 122 300 c.R1 147 600 d.R1 454 000
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What is the total amount of liabilities in his business?
a.R1 397 600
b.R1 122 300
c.R1 147 600
d.R1 454 000
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Solved in 2 steps
- TM all al 87) 10:16 am GLOBE E Activity 5.docx Business Finance Activity 5 1. For each of the following items, identify whether the item is considered current or noncurrent, and explain why. Item Current or Noncurrent? Cash Inventory Machines Trademarks Accounts Payable Wages Payable Owner, Capital Accounts Receivable 2. For the items listed below, indicate how the item affects equity (increase, decrease, or no impact. Item Increase? Decrease? or No Impact? Expenses AssetsD received P4,800 of cash, net of interest for a loan of P5,000. The liability of D is increased by a. P5,000 b. P4,800 c. P5,200 d. P4,600What is the total dividend income during the year? a. 28,000 b. 16,000 c. 12,000 d. 40,000 e. None of the above
- Question 13 Using the following balance sheet items and amounts, calculate the total liquid assets. • Money market account $4056 • Retirement account $17200 • Medical bills $120 • Checking account $8308 • Credit card balance $670 Your Answer: AnswerQUESTION 13 Assets Liabilities Reserves $200 Deposits $800 Loans $ 700 Debt S100 Securities S 100 Capital $100 Refer to the same T-account. By how much do the assets need to cepreciate for the bank to go insolvent? a.more than 5%% b.more than 1OPE c.more than 8%6 d more tinan 26Question 10 of 25 Based on the following data, what is the amount of working capital? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable (short-term) Property, plant, and equipment Prepaid insurance $404240 O $411680 > O $458800 $79360 141360 86800 124000 171120 198400 248000 99200 69440 1661600 2480
- hw6 q1 Consider the following balance sheet and income statement for Mmm Good Foods Incorporated (the company that operates Tasty Fried Chicken and Pizza Party), in condensed form, including some information from the cash flow statement: (amounts are in millions) Mmm Good Foods Incorporated Balance Sheet 2019 Cash and short-term Investments $ 719 Accounts receivable 385 Inventory 51 Other current assets 447 Long-lived assets 4,086 Total assets $ 5,688 Current liabilities $ 1,444 Total liabilities 11,164 Noncontrolling interest Shareholders’ equity (5,476) Total liabilities and equity $ 5,688 Income Statement Sales $ 6,516 Cost of sales 3,573 Gross margin $ 2,943 Earnings before interest and taxes $ 1,640 Interest 322 Taxes 339 Income from discontinued operations 610 Net income $ 1,589 Share price $ 78 Earnings per share 5.61 Number of outstanding shares (millions) 356.5 Cash Flows Cash flow from operations $ 1,219…If a business has the following balances, what would be the amount of total liabilities?ASSETSCash $ 5000Accounts Receivable 2575Equipment 14000OWNER'S EQUITYAnne Miller, Capital 26002021 2$ Cash Available-for-sale debt securities (not cash equivalents) Accounts receivable Inventory Prepaid insurance Land, buildings, and equipment Accumulated depreciation 94,025 23,000 95,000 180,000 2,850 1,280,000 (625,000) $1,049,875 2020 31,955 100,000 81,750 158,500 3,500 1,140,000 (587,000) $ 928,705 $ 163,670 32,000 90,000 Total assets Accounts payable Salaries payable Notes payable (current) Bonds payable Common stock Retained earnings 2$ 89,840 26,000 38,500 215,000 300,000 380,535 300,000 343,035 $ 928,705 ces Total liabilities and shareholders' equity $1,049,875 Additional information for 2021: (1) Sold available-for-sale debt securities costing $77,000 for $83,000. (2) Equipment costing $20,000 with a book value of $6,500 was sold for $8,250. (3) Issued 6% bonds payable at face value, $215,000. (4) Purchased new equipment for $160,000 cash. (5) Paid cash dividends of $27,500. (6) Net income was $65,000. Required: Prepare a statement of cash flows for 2021 in good form…
- • REC • c12. ABC bank has assets of 180 million and a a net income after taxes of $4 million; and bank capital of $14 million. • b. What is the bank's debt-to-equity ratio? Debt-to-Equity Ratio = Total Liabilities/ Equity Table 12.1 Capital = Assets - Liabilities so Liabilities = Assets - Capital e 2017 MeOraw Hill Education. All Rights Reserved. 1-31 • • • • • •The answers to choose from are A. No gain or loss B. $5,000 loss C. $2,000 gain or D. $21.000 gain.Privett Company Accounts payable Accounts receivable Accrued liabilities Cash $36,632 72,986 6,134 15,305 38,400 71,968 119,728 79,667 31,336 20,560 662,428 2,681 Based on the data for Privett Company, what is the amount of quick assets? Oa. $119,627 Ob. $781,037 Oc. $46,641 Od. $1,601,593 Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses