A household has the following statistics related to Balance Sheet and annual Cash Flow: Balance Sheet Items: Cash CD Savings Account Balance Credit Card Debt Current Year Portion of mortgage Cash Flow Items: Salary Dividend Income Discretionary Expenses Nondiscretionary Expenses Debt Repayment Retirement Investments Capital Expenditure Compute the total Operating percentage in Dollars $2,500 $12,000 $3,500 $9,500 $7,800 $115,000 $1,500 $8,000 $28,975 $8,700 $15,500
Q: Net Assets…
A: It is the statement formed by non-profit organizations. It focuses on the revenues, and expenses of…
Q: You are saving for a Porsche Carrera Cabriolet, which currently sells for nearly half a million…
A: Time value of money :— It means that value of money in present days has more as compared from same…
Q: Answer in 20 minutes Mandy Corporation sells a single product. Budgeted sales for the year are…
A: Introduction: Direct materials are substances and resources which are directly related to the…
Q: The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a…
A: A segment report is a report of an organization's financial data. This is relevant to every part of…
Q: Gleeson Manufacturing Company uses an activity-based costing system. It has the following…
A:
Q: Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL)…
A: Taxable Income: $100,000 NOL Carryover: $90,000 Amount of tax in 2020: ? Amount of NOL carryover in…
Q: What is the full cost per room-night? Can Hotel+ meet the targeted return on investment based on the…
A: Full Cost :— It is total cost incurred for providing services or producing finished product.…
Q: Prepare the shar (b) financial position at Decen to shareholders' equity 1. The following…
A: Comment - Multiple Questions Asked. Shares- The business's financial resources are its shares.…
Q: MEME Corporation's Retained Earnings at December 31, 2021 amounted to P2,000,000 On that date, the…
A: Dividends are paid to shareholders of the company as a part of profit distribution. It can be cash…
Q: Create a spreadsheet with an output section that: calculates the ending balance of Work-in-Process…
A: a . Schedule of cost of goods manufactured Estimated total manufacturing overhead ( a )…
Q: The H2 Corp has the following classes of share capital outstanding as of Dec 31, 2021. Ordinary…
A: *Preference shares are of nine types, one of them is Cumulative and participating preference shares.…
Q: Required: 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease) 2. Prepare…
A: Comparative statement is a form of analysis under which we compare the financial figures of the…
Q: Do you think that the pandemic and shortages could cause some companies to decide to use a different…
A: The costing methods are the methods that are used by companies to determine the total cost incurred…
Q: The balance in Accounts Receivable at the beginning of the year was $520,000. The balance in…
A: Credit sales is a term in which the goods is transferred to the customer on a credit basis. In which…
Q: Blue Whale Moving and Storage recently purchased a warehouse building in Santiago. The manager has…
A:
Q: Daley Company prepared the following aging of receivables analysis at December 31. Accounts…
A: Allowance for doubtful accounts - Allowance for doubtful accounts is the provision made by the…
Q: During June, Fraser Company's material purchases amounted to 5,100 pounds at a price of $8.25 per…
A: Variances are the differences between the standard and actual costs of direct material, direct labor…
Q: Prepare a continuity schedule for the plan assets over the three-year period. (Round answers to O…
A: Business Continuity Plan :— it Include step by step Procedure. BCP is only required when there is a…
Q: Description Motor vehicles 50 000 Dt Accumulated depreciation on motor vehicles 5 000 Cr Debtors…
A: A financial statement represents the financial position and performance of the business entity…
Q: Badour Inc. is a job-order manufacturer. The company uses a predetermined overhead rate based on…
A: Underapplied Overhead: When a company does not allocate a sufficient amount of its budget to cover…
Q: tes The company considers its traceable fixed manufacturing overhead to be avoidable, whereas its…
A: Working Note :— Contribution = Selling price per unit - Variable Cost per unit Direct materials…
Q: Big Company consigned 1,000 units of ordinary printer, costing P700 each to a consignee to be sold…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Please also do parts 4 and 5 while showing work so that way I can understand better. Thank you.
A: Solution 4: No, we would not recommend closing the North Store as there is net financial…
Q: On December 31, 2020, Camiguin Company shows the following data with respect to its matured…
A: An equity swap is a trade of future cash flows between two parties that enables each party to…
Q: Can you verify step 2 from the answer with error?Thanks
A: Solution b: Contribution margin per unit = Selling price per unit - Variable cost per unit = $15 -…
Q: Aaron Company has a process costing system. All materials are introduced when conversion costs reach…
A: Material are the direct costs involved in the process of production and conversion costs are the…
Q: Superior Markets, Incorporated, operates three stores in a large metropolitan area. A segmented…
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…
Q: Pina Colada Corp. has income from continuing operations of $413,000 for the year ended December 31,…
A: Net income is a company's revenue that includes all of the revenues received and expenses incurred…
Q: 14 4
A: "Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: What are the correct accounts for long term liabilities? Cash $ ? Supplies…
A: Long term liabilities are those obligations and liabilities which needs to be paid or settled by the…
Q: Materials requisitioned: $5,000 for Job #600 and $6,250 for Job #601 and $400 for indirect…
A: Part (t): Ending balance of Work-in-Process Inventory (Job #601)=Cost of Job #601=$32,112
Q: Statement 1: Filing reference number is the system developed and maintained by the BIR for…
A: Taxes are the dues and obligations needs to be fulfilled by individual or business to the…
Q: Crane Company manufactures a product with a standard direct labor cost of two hours at $17 per hour.…
A: Variance is difference between actual and standard revenue or expenses. If actual expenses higher…
Q: C Question 3 - Financial Statement **Only enter your response in the blue c.. a) Statement of…
A: Retained earnings is amount of earnings accumulated over the period of time. Statement of retained…
Q: In the account below, calculate the balance for September 16, 20-. Then perform the forwarding…
A: Posting balances into Ledger account is one of an important process of accounting cycle in which…
Q: Eddy Co. is indebted to Cole under a P400,000, 12%, three-year note dated December 31, 2019. Because…
A: Indebted Amount: P400,000 Accrued Interest: P48,000 Fair Value of land: P360,000 Acquisition cost of…
Q: On January 1, MM Co. borrows $440,000 cash from a bank and in return signs an 8% installment note…
A: When the Notes are Issued Cash is Debited and Notes Payable is Credited. Interest Expense = Face…
Q: The condensed statements of Independent Auto Inc. follow: Independent Auto Inc. Income Statement…
A: Current ratio is the measure that helps in knowing the liquidity position of the entity. It is the…
Q: Fixed manufacturing costs Variable manufacturing costs $36000 pe $18.00 pe foot Crane installed…
A: Answer : Calculate Budgeted total manufacturing cost for 40,000 linear feet of block : Given : Fixed…
Q: FPJ Inc. received subscription for 5,250 Preference Shares at P 10 above par value of P 200 per…
A: Common shares and Preference shares are two type of shares being issued by the company for raising…
Q: The Alice Brittain Estate, valued at $14.8 million, includes the following assets: A joint and last…
A: Publicly held stock refers to the company where ownership is organized through the shares of stock…
Q: On October 1, 2021, Best Company purchased as debt investments at fair value through profit or loss,…
A: Accrued interest is one of the current asset being held by the business. This means interest revenue…
Q: Caesar Company uses a sales journal, purchases journal, cash receipts journal, cash payments…
A: Answer : Prepare sales Journal = Sales journal prepare to record credit sales of merchandise.
Q: Lawyers estimate that there is a 10% chance of losing the case. Susan Ltd incurred $8,000 in costs…
A: Acquisition analysis is prepared considering the fair value of assets and liabilities of the…
Q: Required: 1. Prepare Comparative Statement 2017, 2016 & 2015 (Increase, Decrease)
A: Comparative balance sheet shows the comparison of financial position with other years in both…
Q: Greenleaf Company uses a sales journal, purchases journal, cash receipts journal, cash payments…
A: Journal entry is the process of initially recording all the transactions into books of accounts to…
Q: A partial list of the accounts and ending account balances taken from the post-closing trial balance…
A: Shareholders Equity Equity held by shareholders refers to the sum that a company's founders have…
Q: The following are capital stock transactions of the BBC Corporation. Apr. 1 - Authorized to issue…
A: Journal Entry :- A journal entry is the act of recording any transaction, whether one that is…
Q: How much is the defined benefit cost for 2022?
A: As per IAS 19 the entity should recognize the expenses to be paid to employee in future due to the…
Q: Required information [The following information applies to the questions displayed below.] Legacy…
A: The bonds are issued at par, premium or discount on the basis of market rate of bonds payable. If…
Please help me to solve this problem
Step by step
Solved in 2 steps
- (3) A household's "debt service ratio" is best defined as: Select one: a.Actual monthly investment sum/ desired monthly investment sum b.Loan repayments/ gross income on a monthly or annual period. c.Net worth/Assets d.Current Assets/ Current Liabilities. please give deep explaination with all question pointBase on the income statement below, and if my Ave total assets is 1,725.What is my Return on assets? Formula:Return on Assets = Net Income (before Interest znd Tax) / Average Total assets Thanks in Advance, expert!The list of assets, equity and liability to be filled. Assets Amount (RO) Land and Building Plant and Equipment Furniture and Fitting Inventories Accounts and other receivables Cash Bank 43,789 11,571 11,571 Interest Expenses Taxes 35,097 62,796 40,875 160,531 Equity & Liabilities Equity Share Capital Bonds Payable Accounts Payable Outstanding Expenses Short Term Bank Borrowing The list of Income Statement items is given below. Sales Cost of goods sold General and Administrative Expenses Selling and Marketing Expenses Depreciation Expenses Amount (RO) 165,588 87028 18,469 18,861 6,144 Amount (RO) 78,560 5,591 Additional Information: 1. Dividend paid by the company in the year 2022 is RO 30,277 2. The face value of each share is RO 0.196 3. The market price of shares at end 2022 is Ro 318,685,485.58 162,59 5 34,465 10,58 0 183,36 3 54578 You are required to calculate - Earnings per share, Interest cover, Dividend cover, Price/Earnings ratio, Gross Profit Margin Ratio, Operating profit…
- Calculate the Quick Ratio using the following information: Cash Short Term Investments Accounts Receivable Inventory Other Current Assets Total Current Assets Long Term Assets Current Liabilities Long Term Liabilities 2.00 2.30 O 2.50 O 2.45 5,000 1,000 2,000 1,200 600 9,800 12,000 4,000 3,000Calculating Net Worth and Net Surplus Jennifer Pontesso, from Lincoln, Nebraska, wants to better understand her financial situation. Use the following balance sheet and cash flow statement information to determine her net worth and her net surplus for a recent month. Liquid assets: $10,000; home value: $190,000; monthly mortgage payment: $1,200 on $160,000 mortgage; investment assets: $90,000; personal property: $22,000; total assets: $312,000; short-term debt: $3,240 ($270 a month); total debt: $163,240; monthly gross income: $11,000; monthly disposable income: $6,500; monthly expenses: $5,000. Round your answers to the nearest dollar.You are given the following information. What is your liquidity ratio? Annual disposable income: $45,000 Total liabilities: $17,400 Annual savings: $2,400 Long-term assets: $85,000 Current ratio: 2 Debt-to-asset ratio: 0.2 Select one: a. 0.90 b. 0.56 c. 0.89 d. 0.53
- After-Tax Cash Flows Using the data that is shown below - (a) calculate the individual after-tax cash flow effect of each relevant item in each independent situation, and (b) sum the individual after-tax cash flows in each situation to determine the overall net after-tax cash flow. A B C Cash revenue received 66,000 315,000 165,000 Cash operating expenses paid 38,400 231,000 99,000 Depreciation on tax return 8,400 19,200 15,000 Income tax rate 30% 25% 20% Do not use negative signs with any of your answers below. A B C (a) Cash revenue Answer Answer Answer Cash operating expenses Answer Answer Answer Depreciation expense Answer Answer Answer (b) Net after-tax cash flow Answer Answer AnswerYogi has the following financial data: Investment assets at year end Investment assets at beginning of the year Savings made during the year by Yogi Employer match to Yogi's 401(k) plan Total assets on ending statement of financial position Gross income on income statement Total assets on beginning statement of financial position Total liabilities at beginning of year Total liabilities at year end What is Yogi's ROI for the year? O 13.01% O 18.37% 15.56% 4 21.17% $475.000 $392,000 $27,000 $5,000 $700.000 $100,000 $600,000 $200.000 $180,000Financial data for Otto Company follow: a. Compute the ratio of cash to monthly cash expenses. b. Interpret the results computed in (a).
- Ratio of cash to monthly cash expenses Pacira Pharmaceuticals Inc. (PCRX) Develops, produces, and sells products used in hospitals and surgery centers. The following data (in thousands) were adapted from recent financial statements. Including short-term investments as part of cash and cash equivalents, compute the ratio of cash to monthly cash expenses for Years 1 and 2. Round to one decimal place.Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1,120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month $ 1,520 Monthly take-home salary $ 4,070 Cash in checking account 920 Savings account balance 2,420 Spending for food 1,260 Balance of educational loan 2,340 Current value of automobile 7,820 Telephone bill paid for month 104 Credit card balance 307 Loan payment 84 Auto insurance 319 Household possessions 3,880 Home entertainment system 3,290 Payment for electricity 150 Lunches/parking at work 194 Donations 148 Computers 2,430 Value of stock investment 1,670 Clothing purchase 146 Restaurant spending 145