Connect Access Card for Financial Accounting: Information and Decisions
Connect Access Card for Financial Accounting: Information and Decisions
8th Edition
ISBN: 9781259662966
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 12, Problem 17QS

1.

Summary Introduction

Concept Introduction:

Cash flows to total asset ratio indicates the rate of conversion of total assets into liquid assets. The ratio is calculated by dividing the net operating cash flows by average total assets.

To identify:the competitor with strongest position shown by the statement of cash flows.

2.

Summary Introduction

Concept Introduction:

Cash flows to total asset ratio indicates the rate of conversion of total assets into liquid assets. The ratio is calculated by dividing the net operating cash flows by average total assets.

To compare:the cash flows to total asset ratios of M and S.

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Ayayai Corp. employs a five-day workweek Monday - Friday and a September 30 year-end. Normal weekly wages amount to $32900. If September 30 is a Wednesday, what is the appropriate journal entry on October 2, the next payday for Ayayai? A. Salaries and Wages Expense 19740 Salaries and Wages Payable 13160 Cash 32900 B. Salaries and Wages Payable 13160 Cash 13160 C. Salaries and Wages Expense 19740 Cash 19740 D. Salaries and Wages Expense 13160 Salaries and Wages Payable 19740 Cash 32900
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Chapter 12 Solutions

Connect Access Card for Financial Accounting: Information and Decisions

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