(1) Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash. To discuss: The total amount of company −A future payment for unconditional purchase obligation.

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Answer 1

Question

Chapter 3, Problem 1AA

To determine

(1)

Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To discuss:

The total amount of company −A future payment for unconditional purchase obligation.

To determine

(2)

Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To compute:

The ratio of unconditional purchase for future payment and total liabilities.

To determine

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

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Ansari Basketball Inc. had a player contract with Rodriguez that is recorded in its books at $3,500,000 on July 15, 2022. Delta Basketball Inc. had a player contract with Williams that is recorded in its books at $4,200,000 on July 15, 2022. On this date, Ansari traded Rodriguez to Delta for Williams and paid a cash difference of $800,000. The fair value of the Williams contract was $5,300,000 on the exchange date. The exchange had no commercial substance. After the exchange, the Williams contract should be recorded in Ansari's books at $ __? Answer

Answer 2

Question

Chapter 3, Problem 1AA

To determine

(1)

Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To discuss:

The total amount of company −A future payment for unconditional purchase obligation.

To determine

(2)

Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To compute:

The ratio of unconditional purchase for future payment and total liabilities.

To determine

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 3, Problem 1AA

To determine

(1)

Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To discuss:

The total amount of company −A future payment for unconditional purchase obligation.

To determine

(2)

Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To compute:

The ratio of unconditional purchase for future payment and total liabilities.

To determine

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 3, Problem 1AA

To determine

(1)

Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To discuss:

The total amount of company −A future payment for unconditional purchase obligation.

To determine

(2)

Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To compute:

The ratio of unconditional purchase for future payment and total liabilities.

To determine

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 3, Problem 1AA

To determine

(1)

Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To discuss:

The total amount of company −A future payment for unconditional purchase obligation.

To determine

(2)

Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To compute:

The ratio of unconditional purchase for future payment and total liabilities.

To determine

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

Answer 6

Chapter 3, Problem 1AA

To determine

(1)

Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To discuss:

The total amount of company −A future payment for unconditional purchase obligation.

Answer 7

Chapter 3, Problem 1AA

To determine

(1)

Unconditional purchase obligation means it’s an obligation to supplier that the company pays the amount in future &this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To discuss:

The total amount of company −A future payment for unconditional purchase obligation.

Answer 8

To determine

(2)

Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To compute:

The ratio of unconditional purchase for future payment and total liabilities.

Answer 9

To determine

(2)

Unconditional purchase obligation means it’s an obligation to the supplier that the company payable the amount in future this amount is not be fixed. This amount payable against the purchase of goods and delivery always before the payment of cash.

To compute:

The ratio of unconditional purchase for future payment and total liabilities.

Answer 10

To determine

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

Answer 11

To determine

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 3 - Prob. 1MCQ Ch. 3 - Prob. 2MCQ Ch. 3 - Prob. 3MCQ Ch. 3 - 4. A company’s beginning work in process in...Ch. 3 - Prob. 5MCQ Ch. 3 - What is the main factor for a company in closing...Ch. 3 - Prob. 2DQ Ch. 3 - Prob. 3DQ Ch. 3 - Prob. 4DQ Ch. 3 - Prob. 5DQ

Solution Summary: The author compares the results of the ratio of unconditional purchase for future payment and total liabilities.

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(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.

Want to see the full answer?

Chapter 3 Solutions

Solution Summary: The author compares the results of the ratio of unconditional purchase for future payment and total liabilities.

Videos

(3) Accounts payable ratio shows that how much time taken by the company for payment the accounts payable. In this question compare the result with future payment and accounts payable. To compute: Comparison of the results of two ratios either greater or less.

Want to see the full answer?

Chapter 3 Solutions

(3)

Accounts payable ratio shows that how much time taken by the company for payment the accounts payable.

In this question compare the result with future payment and accounts payable.

To compute:

Comparison of the results of two ratios either greater or less.