The net cost of goods purchased of Apple for the year ended September 28 t h , 2013.

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Answer 1

Question

Definition Definition Items on the balance sheet that are created when the tax paid is more than tax considered on the income statement. Deferred tax assets result from overpayment and advance payment of taxes. They are recorded on the assets side of the balance sheet. A deferred tax asset results in the reduction of a future tax payment and is beneficial to the company. It arises when the profit as per tax laws is more than the profit as per books of accounts.

Chapter 5, Problem 1BTN

Requirement-1:

To determine

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

Requirement-2.a:

To determine

To compute:

The current Ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its short term liabilities with the current assets.

Computation of Current Ratio:

Particulars September 28^t^h2013 ($) September 28^t^h2012 ($)
Current Assets:

Cash and cash equivalents
14,259
10,746
Short-term marketable securities
26,287
18,383
Accounts Receivables
13,102
10,930
Inventories
1,764
791
Deferred tax assets
3,453
2,583
Vendor non-trade receivables
7,539
7,762
Other currents assets
6,882
6,458
Total Current Assets 73,286 57,653
Current Liabilities:
Accounts payable
22,367
21,175
Accrued expenses
13,856
11,414
Deferred revenue
7,435
5,953
Total Current Liabilities 43,658 38,542
Current Ratio ($73,286/$43,658)1.67 ($57,653/$38,542)1.49

Requirement-2.b

To determine

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

Requirement-3.a

To determine

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

Requirement-3b

To determine

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

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Answer 2

Question

Definition Definition Items on the balance sheet that are created when the tax paid is more than tax considered on the income statement. Deferred tax assets result from overpayment and advance payment of taxes. They are recorded on the assets side of the balance sheet. A deferred tax asset results in the reduction of a future tax payment and is beneficial to the company. It arises when the profit as per tax laws is more than the profit as per books of accounts.

Chapter 5, Problem 1BTN

Requirement-1:

To determine

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

Requirement-2.a:

To determine

To compute:

The current Ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its short term liabilities with the current assets.

Computation of Current Ratio:

Particulars September 28^t^h2013 ($) September 28^t^h2012 ($)
Current Assets:

Cash and cash equivalents
14,259
10,746
Short-term marketable securities
26,287
18,383
Accounts Receivables
13,102
10,930
Inventories
1,764
791
Deferred tax assets
3,453
2,583
Vendor non-trade receivables
7,539
7,762
Other currents assets
6,882
6,458
Total Current Assets 73,286 57,653
Current Liabilities:
Accounts payable
22,367
21,175
Accrued expenses
13,856
11,414
Deferred revenue
7,435
5,953
Total Current Liabilities 43,658 38,542
Current Ratio ($73,286/$43,658)1.67 ($57,653/$38,542)1.49

Requirement-2.b

To determine

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

Requirement-3.a

To determine

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

Requirement-3b

To determine

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

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Answer 3

Question

Definition Definition Items on the balance sheet that are created when the tax paid is more than tax considered on the income statement. Deferred tax assets result from overpayment and advance payment of taxes. They are recorded on the assets side of the balance sheet. A deferred tax asset results in the reduction of a future tax payment and is beneficial to the company. It arises when the profit as per tax laws is more than the profit as per books of accounts.

Chapter 5, Problem 1BTN

Requirement-1:

To determine

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

Requirement-2.a:

To determine

To compute:

The current Ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its short term liabilities with the current assets.

Computation of Current Ratio:

Particulars September 28^t^h2013 ($) September 28^t^h2012 ($)
Current Assets:

Cash and cash equivalents
14,259
10,746
Short-term marketable securities
26,287
18,383
Accounts Receivables
13,102
10,930
Inventories
1,764
791
Deferred tax assets
3,453
2,583
Vendor non-trade receivables
7,539
7,762
Other currents assets
6,882
6,458
Total Current Assets 73,286 57,653
Current Liabilities:
Accounts payable
22,367
21,175
Accrued expenses
13,856
11,414
Deferred revenue
7,435
5,953
Total Current Liabilities 43,658 38,542
Current Ratio ($73,286/$43,658)1.67 ($57,653/$38,542)1.49

Requirement-2.b

To determine

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

Requirement-3.a

To determine

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

Requirement-3b

To determine

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

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Answer 4

Question

Definition Definition Items on the balance sheet that are created when the tax paid is more than tax considered on the income statement. Deferred tax assets result from overpayment and advance payment of taxes. They are recorded on the assets side of the balance sheet. A deferred tax asset results in the reduction of a future tax payment and is beneficial to the company. It arises when the profit as per tax laws is more than the profit as per books of accounts.

Chapter 5, Problem 1BTN

Requirement-1:

To determine

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

Requirement-2.a:

To determine

To compute:

The current Ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its short term liabilities with the current assets.

Computation of Current Ratio:

Particulars September 28^t^h2013 ($) September 28^t^h2012 ($)
Current Assets:

Cash and cash equivalents
14,259
10,746
Short-term marketable securities
26,287
18,383
Accounts Receivables
13,102
10,930
Inventories
1,764
791
Deferred tax assets
3,453
2,583
Vendor non-trade receivables
7,539
7,762
Other currents assets
6,882
6,458
Total Current Assets 73,286 57,653
Current Liabilities:
Accounts payable
22,367
21,175
Accrued expenses
13,856
11,414
Deferred revenue
7,435
5,953
Total Current Liabilities 43,658 38,542
Current Ratio ($73,286/$43,658)1.67 ($57,653/$38,542)1.49

Requirement-2.b

To determine

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

Requirement-3.a

To determine

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

Requirement-3b

To determine

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

Expert Solution & Answer

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Answer 5

Chapter 5, Problem 1BTN

Requirement-1:

To determine

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

Requirement-2.a:

To determine

To compute:

The current Ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its short term liabilities with the current assets.

Computation of Current Ratio:

Particulars September 28^t^h2013 ($) September 28^t^h2012 ($)
Current Assets:

Cash and cash equivalents
14,259
10,746
Short-term marketable securities
26,287
18,383
Accounts Receivables
13,102
10,930
Inventories
1,764
791
Deferred tax assets
3,453
2,583
Vendor non-trade receivables
7,539
7,762
Other currents assets
6,882
6,458
Total Current Assets 73,286 57,653
Current Liabilities:
Accounts payable
22,367
21,175
Accrued expenses
13,856
11,414
Deferred revenue
7,435
5,953
Total Current Liabilities 43,658 38,542
Current Ratio ($73,286/$43,658)1.67 ($57,653/$38,542)1.49

Requirement-2.b

To determine

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

Requirement-3.a

To determine

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

Requirement-3b

To determine

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

Answer 6

Chapter 5, Problem 1BTN

Requirement-1:

To determine

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

Answer 7

Chapter 5, Problem 1BTN

Requirement-1:

To determine

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

Answer 8

Requirement-2.a:

To determine

To compute:

The current Ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its short term liabilities with the current assets.

Computation of Current Ratio:

Particulars September 28^t^h2013 ($) September 28^t^h2012 ($)
Current Assets:

Cash and cash equivalents
14,259
10,746
Short-term marketable securities
26,287
18,383
Accounts Receivables
13,102
10,930
Inventories
1,764
791
Deferred tax assets
3,453
2,583
Vendor non-trade receivables
7,539
7,762
Other currents assets
6,882
6,458
Total Current Assets 73,286 57,653
Current Liabilities:
Accounts payable
22,367
21,175
Accrued expenses
13,856
11,414
Deferred revenue
7,435
5,953
Total Current Liabilities 43,658 38,542
Current Ratio ($73,286/$43,658)1.67 ($57,653/$38,542)1.49

Answer 9

Requirement-2.a:

To determine

To compute:

The current Ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its short term liabilities with the current assets.

Computation of Current Ratio:

Particulars September 28^t^h2013 ($) September 28^t^h2012 ($)
Current Assets:

Cash and cash equivalents
14,259
10,746
Short-term marketable securities
26,287
18,383
Accounts Receivables
13,102
10,930
Inventories
1,764
791
Deferred tax assets
3,453
2,583
Vendor non-trade receivables
7,539
7,762
Other currents assets
6,882
6,458
Total Current Assets 73,286 57,653
Current Liabilities:
Accounts payable
22,367
21,175
Accrued expenses
13,856
11,414
Deferred revenue
7,435
5,953
Total Current Liabilities 43,658 38,542
Current Ratio ($73,286/$43,658)1.67 ($57,653/$38,542)1.49

Answer 10

Requirement-2.b

To determine

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

Answer 11

Requirement-2.b

To determine

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

Answer 12

Requirement-3.a

To determine

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

Answer 13

Requirement-3.a

To determine

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

Answer 14

Requirement-3b

To determine

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

Answer 15

Requirement-3b

To determine

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 5 - Prob. 1DQ Ch. 5 - 2. In comparing the accounts of a merchandising...Ch. 5 - Prob. 3DQ Ch. 5 - Prob. 4DQ Ch. 5 - Prob. 5DQ Ch. 5 - Prob. 6DQ Ch. 5 - Prob. 7DQ Ch. 5 - Prob. 8DQ Ch. 5 - Prob. 9DQ Ch. 5 - Prob. 10DQ

The net cost of goods purchased of Apple for the year ended September 28 t h , 2013.

Videos

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

Want to see the full answer?

Chapter 5 Solutions

Particulars	September 28^t^h2013 ($)	September 28^t^h2012 ($)
Current Assets:
Cash and cash equivalents	14,259	10,746
Short-term marketable securities	26,287	18,383
Accounts Receivables	13,102	10,930
Inventories	1,764	791
Deferred tax assets	3,453	2,583
Vendor non-trade receivables	7,539	7,762
Other currents assets	6,882	6,458
Total Current Assets	73,286	57,653
Current Liabilities:
Accounts payable	22,367	21,175
Accrued expenses	13,856	11,414
Deferred revenue	7,435	5,953
Total Current Liabilities	43,658	38,542
Current Ratio	($73,286/$43,658)1.67	($57,653/$38,542)1.49

The net cost of goods purchased of Apple for the year ended September 28 t h , 2013.

Videos

To Compute: The net cost of goods purchased of Apple for the year ended September 28th, 2013.

To compute: The acid-test ratio of Apple for the year ended September 28th, 2013 and September 29th, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

To Compute: The current ratio of Apple for fiscal ending after September 28th,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

To compute: The acid-test ratio of Apple for fiscal ending after September 28th, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.

Want to see the full answer?

Chapter 5 Solutions

To Compute:

The net cost of goods purchased of Apple for the year ended September 28^t^h, 2013.

To compute:

The acid-test ratio of Apple for the year ended September 28^t^h, 2013 and September 29^t^h, 2012 to determine the capacity of the company to pay off its current liabilities with the available quick assets or cash.

To Compute:

The current ratio of Apple for fiscal ending after September 28^t^h,2013 to analyse the capacity of Apple to meet its short-term obligations with the current assets.

To compute:

The acid-test ratio of Apple for fiscal ending after September 28^t^h, 2013 to analyse the capacity of Apple to meet its current liabilities with the available quick assets.