Answered: Find out the company's cash ratio which…

Find out the company's cash ratio which has cash of P7500, cash equivalents of P26,250, accounts receivables of P4,300. Its total current liabilities are P45,000. What are cash equivalents? Exe2.1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: What is the internal rate of return for the following set of cash flows?Year Cash Flow0 -$60,0001…

A: To find the Internal Rate of Return (IRR), we calculate the rate 𝑟r at which the Net Present Value…

Q: What is the payback period for the following set of cash flows? (Do not round intermediate…

A: The payback period is the period of calculating the investment recovery and it is a type of capital…

Q: What is the IRR of the following set of cash flows? (Do not round intermediate calculations and…

A: Internal Rate of Return (IRR) is the discount rate at which the present value of cash inflows is…

Q: * ?Goods were sold for 500,000 dinars in cash. Which account is credited Cash Purchases Capital…

A: The sale of goods means to sell off the products by the company in the market in order to earn…

Q: Rhoont 26. Vvnat is uhe amount of collecion from customers assuming all sales were made on credit?…

A: answer are as follows as per the guidelines we can provide the ans for one question. please post…

Q: What amount should be reported as Cash and Cash Equivalents? a. 3,548,000 b. 3,423,000 c.…

A: Cash and Cash Equivalent Cash and cash equivalent is one of the most important part in the balance…

Q: Consider the following cash flows: Year Cash Flow 0 1 2 3 33,000 13,900 17,800 11,300 Required: What…

A: Internal Rate of Return (IRR) is the discount rate at which the present value of cash inflow equals…

Q: The current asset of Bulldogs Inc. comprises only of cash, accounts receivables, and inventory. The…

A: Current ratio = Current assets / current liabilities 2 = Current assets / (P40000 x 50%) Current…

Q: Determine a single cash flow at t=0 that is equivalent to the cash flow series shown below at i-10%…

A: The present value of future cash investment is generally reflective of the value of future…

Q: Use the following excerpts from Brownstone Company’s financial statements and complete the worksheet…

A: Cash collected from sales revenue refers to the actual amount of money received from customers as…

Q: Answer the following questions regarding the balance sheet given below. Assume £1 = $1.40. a) Is…

A: In USD:Assets = $300 millionLiabilities = $ 800 millionTotal = -$500 millionIN GBP:Assets = $700…

Q: Calculate the value of the cash flows at time 6. The interest rate is 11.76%. 1 $1,136 $2,107 $3,096

A: The value of cash flows is calculated as sum of future value of cash flows at the end of year 6

Q: enow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLoca ris en les…

A: Solution... Net cash flow from operating activities = $180,269 Net cash used for investing…

Q: Calculate the missing figure using the basic accounting equation

A: Cash float : It means amount of cash kept in drawer at the beginning of each working day to ease…

Q: Please determine the value of C that makes these two cash flows equivalent. N Cash flows 1 Cash…

A: Cash Flow: It is the movement of cash into the company and out of the company. When company…

Q: Which of the following would NOT be considered a cash equivalent? OA. Foreign currency B. Money…

A: Step 1 Cash Equivalent Cash equivalents are assets-based short-term investment securities with a…

Q: PROBLEM 2.48. Prepare balance sheet from the following particulars : Current ratio 2.5, Acid test…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: What is the amount of cash to reconcile using the direct method on the Statement of Cash Flows?…

A: Solution: Amount of cash to reconcile using the direct method on the statement of cash flows =…

Q: Using the stylized balance sheet below, please 1) finish the balance sheet, and 2) use that…

A: Part 2: Explanation:Step 1: Calculate Interest Income:- Calculate interest income from assets: -…

Q: Goods were sold for 500,000 dinars in cash. Which account is debited Capital Purchases Cash Sales O

A: There are three golden rules in accounting for recording the transaction : Debit what comes in ,…

Q: Find the internal rates of return on a cash flow with deposit amounts of Ao = 40, A₁ = 120, A₂ 290,…

A: Net Cash Inflow at (t = 0) (N_1) = A_0 - B_0 = 40 - 240 = -200 Net Cash Inflow at (t = 1) (N_2) =…

Q: 5. The following list of balances obtained from Agro Trading as at 31 July 2020. PARTICULARS RM |…

A: Financial reporting means releasing the financial reports of the company to its shareholders and in…

Q: Which of the following machine to be selected based on The average rate of return. with clear steps…

A: The question is related to Capital Budgeting. The Average Rate of Return is calculated with the help…

Q: Year Cash Flow -$ 0 1 2 3 17,900 10,200 9,100 5,600 What is the profitability index for the set of…

A: Profitability index refers to the concept of capital budgeting used for the measurement of the…

Q: 2. Using the summary of the analysis approach, what is the total cash outflows for 2019? * O A)…

A: Cash flows mean cash inflows and cash outflows of the business. Cash inflows mean incoming of cash…

Q: Suppose Columbia Sportswear Company had accounts receivable of $271,448,000 at January 1, 2022, and…

A: Cash Receipts from Customers are used to calculate the amount of cash inflow from the beginning…

Q: A. How much is the net cash flow from operating? O P1,315,000 O P1,405,000 O P1,565.000 O P1,155,000…

A: Cash flow statement means the statement which shows the movement of cash in the business. It include…

Q: (27.50) 2$ 24 2$ The internal rate of return for the following cash flows is closest to: (state your…

A: A discount rate at which the net present worth of an investment is equal to zero is term as an…

Q: How much cash is received from sales to customers for year 2021? Assume all the sales were made on…

A: The cash flow statement is prepared to record the cash flow from various activities during the…

Q: 2. Consider the following table, which is extracted from the company balance sheet and answer the…

A: 2. networking capital is the difference between current assets and current liabilities. current…

Q: Saxe Banners reported the following figures in its financial statements: Cash Cash Equivalents…

A: Cash ratio is calculated by dividing cash and cash equivalents by current liabilities. Cash and…

Q: Find the internal rates of return on a cash flow with deposit amounts of A = 40, A₁ = 120, A₂ = 290,…

A: Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of an…

Q: If the total of cash on the debit side (DR) is 7800 OMR and 2300 on the credit side (CR), the…

A: Debit balance of cash means positive balance of cash. Credit balance of cash means negative balance…

Q: Please correct answer and step by step

A: Given information: Initial investment (CF0) = $32,000 Cashflow in year 1 (CF1) = $14,200 Cashflow…

Q: 1. The following item would be classified as an investing activity on the statement of cash flows: *…

A: Answer - 1. Correct Option is Option B - Acquisition of Equipment. Because, Items reported on a…

Q: What is the IRR of the following set of cash flows? (Do not round intermediate calculations and…

A: Here, YearCash Flow0 $ (15,500.00)1 $ 6,200.002 $…

Q: Can you calculate the cash position indicator?

A: The cash position of a company or financial institution refers to the level of its liquid assets and…

Q: Golden Corporation's current year income statement, comparative balance sheets, and additional…

A: Statement of Cash Flows - Statement of Cash Flow is the statement that includes cash inflow and…

Q: What is the internal rate of return (IRR) of the following set of cash flows? (Enter your answer as…

A: Capital budgeting helps to make good investment decisions, prioritizes projects and ensures the…

Q: If cash is $5450, accounts receivable is $10059,notes payable is $5285, common stock is $1161 how…

A: Retained earnings is the amount which is retained or kept by the entity out of the net profits…

Q: 1. What is the total present value of the cash receipts X today (at time 0) if interest is 4.4%…

A: An annuity is a fixed cash flow received at fixed intervals. Present value of Annuity = Cash flows ×…

Q: Dec. 31, 2017 $20,000 From Balance Sheets Dec. 31, 2018 Accounts Receivable $ 25,000 From Income…

A: Cash Collected from Sales revenue Beginning Balance, Accounts Receivable $ 20,000 Add:…

Q: 11. Consider the cash flows in the table below: Year Cash Flow 0 -$100 1 $50 2 $60 Which one of the…

A: From the given cash the present net worth can be calculated by using the gradient series and the…

Q: 14. Given: Bank ending balance of 6250, deposits in transil of 560, outstanding checks of 340, book…

A: Note: Hi! Thank you for the question As per the honor code, We’ll answer the first question since…

Question

Find out the company's cash ratio which has cash of P7500, cash
equivalents of P26,250, accounts receivables of P4,300. Its total current
liabilities are P45,000.
What are cash equivalents? Exe2.1

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Find out value of account receivable from following Cash P48,000 accounts payable P33,000 office equipment P21,000 owner equity P77,000? a. P110,000 b. P15,000 c. P41,000 d. P21,000
From the following information, balance the ledger Cash A/c Date Particulars Amount Date Particulars Amount 1.6.2017 CAPITAL 84000 5.6.2017 Purcahses 14600 10.6.2017 sales 9500 30.6.2017 General expenses 178 30.6.2017 Salaries 4500 30.6.17 Bal C/d ? Select one: a. 84222 OMR b. 45522 OMR c. 74222 OMR d. 94222 OMR
What is the payback period for the following set of cash flows? (Round your answer to 2 decimal places, e.g., 32.16.) Year Cash Flow 0 –$ 4,700 1 1,200 2 1,400 3 1,800 4 1,300
(e) Find the present sum of the following cash flow diagram with i = 5%. $250 3 EOY $8,750 $8,750 $15,500 $21,750
Topic: Cash and Cash Equivalents / Intermediate Accounting 1
If the cash account balance on the balance sheet is $25,000, total current assets is $150,000, and total assets equals $500,000, using vertical analysis determine the percentage for cash. Group of answer choices 5% 17% 30% none of these
What is the IRR of the following set of cash flows? Year 0 123 Cash Flow -$ 10,640 6,500 5,500 3,500
Consider the following cash flows: Year Cash Flow 0 1 2 3 $19,400 10,400 9,320 6,900 What is the IRR of the above set of cash flows? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Internal rate of return 4 Prev
Based on the following cash flows (t=0 to t=5), calculate the Precise(Exact) ERR. Assume the MARR is at 10%. t=0 receipt of $20,000. t=1 disbursement of $15,000. t=2 disbursement of $10,000. t=3 no cash flow t=4 no cash flow t=5 receipt of $2,400. 2.82% 6.78% 9.26% 4.17% 1.43%
Calculate the amount of Cash if Asset is OMR 10000 Liabilities is OMR 6000 and Capital is OMR 9000 Select one: a. OMR 5000 O b. OMR 10000 O c. OMR 9000 O d. OMR 6000
Franklins Superstores has the following financial information. Sales 91, 500 COGS 80,000 Accounts Receivables Inventory Accounts Payables 30, 000 15, 000 35,000 What is the length of their cash conversion cycle? decimal places)
E47.