Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

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Answer 1

Question

Chapter 7, Problem 1CFSAP

1.

To determine

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

2.

To determine

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

3.

To determine

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

4.

To determine

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

5.

To determine

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

6.

To determine

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

7.

To determine

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

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Answer 2

Question

Chapter 7, Problem 1CFSAP

1.

To determine

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

2.

To determine

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

3.

To determine

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

4.

To determine

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

5.

To determine

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

6.

To determine

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

7.

To determine

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

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Answer 3

Question

Chapter 7, Problem 1CFSAP

1.

To determine

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

2.

To determine

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

3.

To determine

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

4.

To determine

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

5.

To determine

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

6.

To determine

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

7.

To determine

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

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Answer 4

Question

Chapter 7, Problem 1CFSAP

1.

To determine

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

2.

To determine

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

3.

To determine

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

4.

To determine

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

5.

To determine

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

6.

To determine

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

7.

To determine

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

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Answer 5

Chapter 7, Problem 1CFSAP

1.

To determine

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

2.

To determine

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

3.

To determine

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

4.

To determine

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

5.

To determine

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

6.

To determine

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

7.

To determine

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

Answer 6

Chapter 7, Problem 1CFSAP

1.

To determine

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

Answer 7

Chapter 7, Problem 1CFSAP

1.

To determine

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

Answer 8

2.

To determine

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

Answer 9

2.

To determine

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

Answer 10

3.

To determine

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

Answer 11

3.

To determine

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

Answer 12

4.

To determine

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

Answer 13

4.

To determine

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

Answer 14

5.

To determine

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

Answer 15

5.

To determine

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

Answer 16

6.

To determine

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

Answer 17

6.

To determine

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

Answer 18

7.

To determine

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

Answer 19

7.

To determine

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

Answer 20

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Answer 21

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Answer 22

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Answer 23

Ch. 7.A - Prob. 1SE Ch. 7.A - Prob. 2SE Ch. 7.A - Prob. 3AE Ch. 7.A - Prob. 4AE Ch. 7.A - Prob. 5BE Ch. 7.A - Prob. 6BE Ch. 7.A - Prob. 7AP Ch. 7.A - Prob. 8BP Ch. 7 - Which duties should be segregated in the...Ch. 7 - Prob. 2DQ

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

Solution Summary: The author analyzes the balance of cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016.

Ascertain the balance of Cash and cash equivalents of Incorporation DS as of January 28, 2017 and January 30, 2016. State whether the balance has gone up or down.

Explain the reasons behind the amount of cash and the changes in the cash during the year from Footnote 1.

Ascertain the amount of accounts receivable, net of allowance for doubtful accounts of Incorporation DS as of January 28, 2017 and January 30, 2016.

State the facts regarding accounts receivable that is being revealed by the Footnote 1 of Incorporation DS in its annual report.

Compute current ratio and quick ratio for the years ending January 28, 2017 and January 30, 2016 and state whether there have been any changes or not. Explain what the ratios indicate about the management of liquidity.

Compute accounts receivable turnover rate and receivable collection period for 2016. Explain what the ratios indicate about the management of liquidity.

Evaluate the performance of Incorporation DS through requirement 1 to 6. Explain the management of cash and receivables of Incorporation DS.

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Chapter 7 Solutions