Compute current ratio , debt ratio and earning per share of Incorporation NF.

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Answer 1

Question

Chapter 12, Problem 33AP

1.

To determine

Compute current ratio, debt ratio and earning per share of Incorporation NF.

2a.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

2b.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

2c.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

2d.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

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MYS App Ch 1 M Ques M X Chat Use ta gaut Soluta acco a webs a wear a acco calcuTelesa Requ /ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect ework i ces Saved [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed 35,200 units 52,800 units Units completed and transferred out Ending work in process inventory 88,000 units 17,900 units Help Save & Exercise 16-4 (Algo) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when…

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Answer 2

Question

Chapter 12, Problem 33AP

1.

To determine

Compute current ratio, debt ratio and earning per share of Incorporation NF.

2a.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

2b.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

2c.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

2d.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 33AP

1.

To determine

Compute current ratio, debt ratio and earning per share of Incorporation NF.

2a.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

2b.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

2c.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

2d.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 33AP

1.

To determine

Compute current ratio, debt ratio and earning per share of Incorporation NF.

2a.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

2b.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

2c.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

2d.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 33AP

1.

To determine

Compute current ratio, debt ratio and earning per share of Incorporation NF.

2a.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

2b.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

2c.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

2d.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

Answer 6

Chapter 12, Problem 33AP

1.

To determine

Compute current ratio, debt ratio and earning per share of Incorporation NF.

Answer 7

Chapter 12, Problem 33AP

1.

To determine

Compute current ratio, debt ratio and earning per share of Incorporation NF.

Answer 8

2a.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

Answer 9

2a.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

Answer 10

2b.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

Answer 11

2b.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

Answer 12

2c.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

Answer 13

2c.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

Answer 14

2d.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

Answer 15

2d.

To determine

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

Answer 16

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Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 12 - Prob. 1DQ Ch. 12 - Which amount is the base amount for vertical...Ch. 12 - Prob. 3DQ Ch. 12 - Prob. 4DQ Ch. 12 - Prob. 5DQ Ch. 12 - Prob. 6DQ Ch. 12 - Prob. 7DQ Ch. 12 - How would you expect a recession to affect asset...Ch. 12 - Prob. 9DQ Ch. 12 - Prob. 10DQ

Compute current ratio , debt ratio and earning per share of Incorporation NF.

Compute current ratio, debt ratio and earning per share of Incorporation NF.

Compute each of the same three ratios after, evaluating the effect of transaction of purchasing merchandise of $40,500 on account by debiting inventory.

Compute each of the same three ratios after, evaluating the effect of transaction of issued 8,000 shares of common stock, receiving cash of $80,000.

Compute each of the same three ratios after, evaluating the effect of transaction of borrowing $70,000 on a long term notes payable.

Compute each of the same three ratios after, evaluating the effect of transaction of receiving cash on account of $15,000.

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