6. As of December 31, 2020, V CorporatIon reported the fol Php 240,000 520,000 350,000 3,000,000 850,000 400,000 500,000 1,000,000 250,000 Cash Receivables Inventory Property and Plant Equipment Accounts Payable Short-term notes payable Long-term debt Weighted Average of outstanding shares in 2020 V Corporation contracted with a third-part appraiser to determine how much replacement cost of its assets. Based on the report of the appraiser, The property and plant have replacement cost of 125% of its reported value. On the other hand, the equipment only commands replacement costs of 70% of its value. According to the appraiser. The equipment was designed using an old technology thus lower replacement cost, other assets and liabilities are valued fairly. How much is the non-current asset reflected in the books of V Corporation as of Dec 31,2020? a) Php4,960,000 b) Php3,850,000 c) Php2,860,000 d) Php2,150,000 7. How much is the book value per share of V Corporation as of December 31, 2020? a) Php19.84 b) Php16.24 c) Php15.84 d) Php12.24 8. How much is the replacement value of the non-current assets of V Corporation? a) Php3,345,000 b) Php3,850,000 c) Php4,345,000 d) Phn5.455.000

Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet: Total Current Assets $200,000 Total Assets $500,000 Total Current Liabilities $91,500 Total Non Current Liabilities $300,000 On January 2020 Excelsior pays off $36,900 in long term debt by transferring title to one of its idle factories to the creditor Required 1: Assume no other transaction in 2020. How much will working capital increase/decrease by when comparing December 2019 with January 2020? $ Required 2: The current ratio of 2019 is: Required 3: Excelsior's financial leverage in 2019 is (calculate it as a debt to equity ratio): Required 4: Excelsior's financial leverage in 2019 is (calculate the Equity Ratio and not the Equity Ratio percentage): Required 5: If sales for 2019 amount to $570,000, the working capital turnover for 2019 is:

vv. Subject Finance

Gold Company provided the following trial balance on December 31, 2019: Cash overdraft   P100,000 Accounts receivable P350,000   Inventory 600,000   Prepaid expenses 100,000   Land held for sale 1,000,000   Property, plant and equipment 950,000   Accounts payable   200,000 Accrued expenses   150,000 Ordinary share capital   1,500,000 Share premium   250,000 Retained earnings   800,000   P3,000,000 P3,000,000   Checks amounting to P300,000 were written to vendors and recorded on December 29, 2019 resulting in a cash overdraft of P100,000. The checks were mailed on January 15, 2020. Land held for sale was sold for cash on January 31, 2020. The entity issued the financial statements on March 31, 2020.   What total amount should be reported as current liabilities?

Seoul Company, the head office of a network of multinational companies, had the following information for 2020: Depreciation expense Increase in receivables Increase in other current assets P 1,408,885 4,208 463,407 580,195 Increase in payables Additional property, plant and equipment purchased during the year, paid in cash Long-term notes payable 209,920 15,510,698 17,931,234 Net loss Cash at the beginning of the year amounted to P2,204,671. 1. How much is the net cash from operating activities? 2. How much is the net cash from investing activities? 3. How much is the net cash from financing activities? How much is the cash balance as at December 31, 4. 2020?

Barakah Company Balance Sheet as at 31st December 2019 Financed by: Fixed Assets (net after depreciation) 2$ $ Paid-up: Share Capital Retained Earnings Reserves 350,500 200,500 150,000 50,000 Land & Buildings 600,000 155,500 75,000 830,500 Equipment Vehicles Fixtures & Fittings Long Term Liabilities 25,000 751,000 Current Assets 125,000 Accounts Receivable 215,000 10,000 110,000 20,000 1,231,000 Inventory Current Other payables Trade creditors Liabilities 100,000 245,500 Prepayments Cash at Bank Cash in Hand Accrued expense 30.000 375,500 1,231.000 Additional Information: i) Work-in-Progress is one sixth of the total Inventory. Prepayments is related to rental of buildings. ii) ii) Bad Debts is 5% for the year. iv) Non Muslim ownership is at 20%. Required: Determine the zakat base and due for the company using: (a) Net Current Assets method; and (b) Net Invested Fund Method.

*please se attached photo How much is the estimated amount to be paid as settlement of the notes payable and what is the estimated recovery percentage?

Additional information: * All purchases of inventories are on credit * The selling and administrative expenses include depreciation of R320 000 * Property, plant and  equipment were purchased during the year but there were no disposals  * The total dividends for the year ended 31 December 2021 amounted to R360 000 * The issued share capital consisted of 100 000 ordinary shares * The market price of the shares on 31 December 2021 was R35

Excelsior Corporation has the following headings on its December 31, 2019 Balance Sheet: Total Current Assets $200,000 Total Assets $500,000 Total Current Liabilities $169,000 Total Non Current Liabilities $300,000 On January 2020 Excelsior sells temporary investments to pay off $56,400 in long term debt Required 1: How much will working capital increase (decrease) by when comparing December 2019 with January 2020?   Required 2: If no other transaction took place in January 2020, the current ratio at the end of January 2020 is:    Required 3: If no other transaction took place in January 2020, the debt to equity ratio at the end of January 2020 is:  Required 4: If no other transaction took place in January 2020, the financial leverage in January 2020  is (calculate the Equity Ratio and not the Equity Ratio percentage):  Required 5: If last 12 month sales as of January 2020 amount to $480,000, the working capital turnover for the period ended January 31st 2020 is:

The comparative balance sheets for Naomi Corporation show the following information:     2021   2020         Cash $24,400   $20,700 Accounts receivable, net 43,300   20,300 Inventory 40,000   42,000 Investments 20,000   15,000 Building 160,000   100,000 Accumulated depreciation – building (27,700)   (20,000) Equipment 61,500   50,000 Accumulated depreciation - equipment (10,000)   (17,500)      Total $311,500   $210,500         Accounts payable $17,000   $26,500 Salaries payable 21,000   17,000 Long-term notes payable 100,000   50,000 Common stock   110,000   90,000 Retained earnings 63,500   27,000   Total $311,500   $210,500               Additional data related to 2021 are as follows:   $10,000 of the long-term note payable was paid by cash. Equipment that had cost $15,000 and had accumulated…