Q1:Denna company's working capital accounts at December 31, 19x6, are given below: Cash. $ 50,000 30,000 Marketable securities. Accounts receivable (net).. Inventory . Prepaid expenses.. Accounts payabl. Notes due within one year Accrued liabilities. 200,000 210,000 10,000 150,000 30,000 20,000 ....... ................ During 19x7, Denna Company completed the following transactions: x. Paid a cash dividend previously declared, $12,000. a. Issued additional shares of capital stock for cash, $100,000. b. Sold inventory costing $50,000 for $80,000, on account. c. Wrote off uncollectible accounts in the amount of $10,000. d. Declared a cash dividend, $ 15,000. e. Paid accounts payable, $ 50,000. f. Borrowed cash on a short-term note with the bank, $35,000. 8. Sold inventory costing $15,000 for $10,000 cash. h. Purchased inventory on account, $60,000. i. Paid off all short-term notes due, $30,000. j. Purchased equipment for cash, $15,000. k. Sold marketable securities costing $18,000 for cash, $15,000. 1. Collected cash on accounts receivable, $80,000. Required: 1- Compute the following amounts and ratios as of December 31,19x6 a. Working capital b. Current ratio c. Acid-test ratio

Q1:Denna company's working capital accounts at December 31, 19x6, are given below: Cash. $ 50,000 30,000 Marketable securities. Accounts receivable (net).. Inventory . Prepaid expenses.. Accounts payabl. Notes due within one year Accrued liabilities. 200,000 210,000 10,000 150,000 30,000 20,000 ....... ................ During 19x7, Denna Company completed the following transactions: x. Paid a cash dividend previously declared, $12,000. a. Issued additional shares of capital stock for cash, $100,000. b. Sold inventory costing $50,000 for $80,000, on account. c. Wrote off uncollectible accounts in the amount of $10,000. d. Declared a cash dividend, $ 15,000. e. Paid accounts payable, $ 50,000. f. Borrowed cash on a short-term note with the bank, $35,000. 8. Sold inventory costing $15,000 for $10,000 cash. h. Purchased inventory on account, $60,000. i. Paid off all short-term notes due, $30,000. j. Purchased equipment for cash, $15,000. k. Sold marketable securities costing $18,000 for cash, $15,000. 1. Collected cash on accounts receivable, $80,000. Required: 1- Compute the following amounts and ratios as of December 31,19x6 a. Working capital b. Current ratio c. Acid-test ratio

Name: * ASIACELL .قم بال لمس ل لعودة إلى الاتصال ۳:.سؤال امتحان ش2. . .Q1:D
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: * ASIACELL .قم بال لمس ل لعودة إلى الاتصال ۳:.سؤال امتحان ش2. . .Q1:Denna company's working capital accounts at December 31, 19x6, aregiven below:Cash .$ 50,000Marketable securities..Accounts receivable (net)Inventory.Prepaid expenses.Accounts payab

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

19. Ebasan Company have the following account balances: Cash (net of overdraft of P100,000) Accounts receivable Accounts payable Notes payable Loans payable Income tax payable Warranty obligations Deferred revenue Cumulative, redeemable preference shares at the option of the holder Non-cumulative, non-redeemable preference shares What is the total amount considered as financial liabilities? A. 4,620,000 B. 3,620,000 C. 4,600,000 D. 4,500,000 P300,0000 450,000 1,200,000 500,000 1,800,000 120,000 180,000 240,000 1,000,000 2,000,000
#1 O Category. Prior Year Current Year Accounts payable 3,134.00 5,904.00 Accounts receivable 6,978.00 8,907.00 Accruals 5,624.00 6,194.00 Additional paid in capital 20,362.00 13,212.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,484.00 18,100.00 Current portion long-term debt 500 500 Depreciation expense 1,003.00 1,011.00 Interest expense 1,257.00 1,156.00 Inventories 3,097.00 6,657.00 Long-term debt 16,532.00 22,027.00 Net fixed assets 75,252.00 74,022.00 Notes payable 4,045.00 6,536.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,789.00 34,684.00 Sales 46,360 45,408.00 Тахes 350 920 What is the firm's cash flow from financing? Submit Answer format: Number: Round to: 0 decimal places.
Instruction: Write the solution of the problems below (in good form): Problem 1. The ledger of COVID19 Co. as of December 31, 2019 includes the following: Assets 10,000 Trade accounts receivable (net of P10,000 credit balance in accounts) 40,000 80,000 30,000 70,000 60,000 10,000 12,000 36,000 46,000 38,000 100,000 28,000 Cash Held for trading securities Financial assets designated at FVPL Investment in equity securities at FVOCI Investment in bonds measured at amortized cost (due in 3 years) Prepaid assets Deferred tax asset (expected to reverse in 2020) Investment in Associate Investment property Sinking fund Property, plant, and equipment Goodwill Totals 560,000 How much is the total current assets?
# 3 Category. Prior Year Current Year Accounts payable 3,136.00 5,904.00 Accounts receivable 6,838.00 9,068.00 Accruals 5,663.00 6,026.00 Additional paid in capital 20,182.00 13,570.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,844.00 18,591.00 Current portion long-term debt 500 500 Depreciation expense 955.00 1,036.00 Interest expense 1,275.00 1,169.00 Inventories 3,020.00 6,732.00 Long-term debt 16,947.00 22,144.00 Net fixed assets 75,056.00 74,173.00 Notes payable 4,022.00 6,569.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,957.00 34,753.00 Sales 46,360 45,431.00 Таxes 350 920 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places.
Create a balance sheet with the following information. Create a balance sheet for the following information. Bank Accoutns recievable Equipement Accounts payable Long-term debt Capital Retained earning Withdrawis msi in ^ 00 C 4 I P JOOOOL K V B m 2050 6100 900 150 2000 5000 10900 9000 0 ALTOR in
Q. No. 3. ABC Industries Balance sheet ending December 31, 2016 Assets Liabilities and stockholder's Equity cash 32,720 Accounts Payable 120,000 Marketable securities 25,000 Notes payable Accounts Accruals 20000 account receivables .......... Total current liabiliyies .......... inventories .......... Long-term debt .......... total current assets .......... Stockholder's equity 600,000 .......... net fixed assets .......... Total liabilities and stockholder's equity .......... Total assets ........ The following financial data for 2016 is also available; (a) Sales totalled $1,800,000. (b) The gross profit margin was 25%. (c) Inventory turnover was 6.0. (d) There are 365 days in the year. (e) The average collection period was 40 days. (f) The current ratio was 1.60. (g) The total asset turnover ratio was 1.20. (h) The debt ratio was 60%. Complete the 2016 balance sheet for ABC Industries using the given information
Q1:Denna company's working capital accounts at December 31, 19x6, are given below: Cash $ 50,000 Marketable securities... 30,000 Accounts receivable (net). 200,000 Inventory.. Prepaid expenses.. Accounts payable. Notes due within one year 210,000 10,000 150,000 30,000 Accrued liabilities 20,000 During 19x7, Denna Company completed the following transactions: x. Paid a cash dividend previously declared, $12,000. a. Issued additional shares of capital stock for cash, $100,000. b. Sold inventory costing $50,000 for $80,000, on account. c. Wrote off uncollectible accounts in the amount of $10,000. d. Declared a cash dividend, $ 15,000. e. Paid accounts payable, $ 50,000. f. Borrowed cash on a short-term note with the bank, $35,000. g. Sold inventory costing $15,000 for $10,000 cash. h. Purchased inventory on account, $60,0000. i. Paid off all short-term notes due, $30,000. j. Purchased equipment for cash, $15,000. k. Sold marketable securities costing $18,000 for cash, $15,000. I.…
Exercise No. (7): From the following ledger balances of Nizwa Bank as on 31st Dec.2016, prepare income statement and Balance Sheet OMR OMR ('000) 3,250 | Share Capital 17,750 Statutory Reserves 38,750 Profit (previous year) ('000) Fixed Deposit Savings Deposit 2,500 1,500 Current Accounts 100 Money at call and short notice 2,400 | Bills Payable 15,500 Sundry Creditors 1,000 | General reserve 4,000 Investments 250 Interest accrued 700 General Expenses 50 Borrowed from other banks 4,800 Dividend 250 Non-Banking assets 1,200 Cash in hand 750 Interest and Discount 3,250 6,500 | Unclaimed Dividends 7,050 | Loans, Overdrafts 5,200 Payment to Employees Premises 50 Cash at Central Bank 35,000 Cash at Other Banks 400 Bills Discounted and Deposits from other banks 1.000 | Purchased 2,500 Rent, taxes 100 Additional Information: Rebate on bills discounted to OMR 25 а. b. Allow 5% depreciation on Premises on cost. c. Provide OMR 250 for provision for doubtful debts с.
Using a BalanceSheetMOON CORPORATIONBALANCE SHEETJULY 31, 2011Assets Liabilities & Owners’ EquityCash . . . . . . . . . . . . . . . . $ 18,000 Liabilities:Accounts Receivable . . . 26,000 Notes PayableLand . . . . . . . . . . . . . . . . 37,200 (due in 60 days) . . . . . . . . . . . . . $ 12,400Building. . . . . . . . . . . . . . 38,000 Accounts Payable . . . . . . . . . . . . . 9,600Office Equipment . . . . . . 1,200 Total liabilities . . . . . . . . . . . . . . $ 22,000Stockholders’ equity:Capital Stock . . . . . . . . . $60,000Retained Earnings. . . . . 38,400 98,400Total . . . . . . . . . . . . . . . . $120,400 Total . . . . . . . . . . . . . . . . . . . . . . . . . $120,400STAR CORPORATIONBALANCE SHEETJULY 31, 2011Assets Liabilities & Owners’ EquityCash . . . . . . . . . . . . . . . . $ 4,800 Liabilities:Accounts Receivable . . . 9,600 Notes PayableLand . . . . . . . . . . . . . . . . 96,000 (due in 60 days) . . . . . . . . . . . . . $ 22,400Building. . . . . . . . . . . .…
Bank ABC has 0.06 of spread, 391 million OMR of interest expenses, 531 millions of Interest bearing liabilities, and 671 million OMR of Earning Assets. Calculate Net Interest Income for АВС Bank. Select one: O a. 925.35 Million OMR O b. 534.35 Million OMR Oc. 143.35 Million OMR O d. 62.83 Million OMR
Q1:Denna company's working capital accounts at December 31, 19x6, are given below: Cash $ 50,000 Marketable securities.. 30,000 Accounts receivable (net). Inventory. Prepaid expenses. Accounts payable. Notes due within one year .. Accrued liabilities 200,000 210,000 10,000 150,000 30,000 20,000 During 19x7, Denna Company completed the following transactions: x. Paid a cash dividend previously declared, $12,000. a. Issued additional shares of capital stock for cash, $100,000. b. Sold inventory costing $50,000 for $80,000, on account. c. Wrote off uncollectible accounts in the amount of $10,000. d. Declared a cash dividend, $ 15,000. e. Paid accounts payable, $ 50,000. f. Borrowed cash on a short-term note with the bank, $35,000. g. Sold inventory costing $15,000 for $10,000 cash. h. Purchased inventory on account, $60,000. i. Paid off all short-term notes due, $30,000. j. Purchased equipment for cash, $15,000. k. Sold marketable securities costing $18,000 for cash, $15,000. I. Collected…
Now ant evaluating the balance sheet for Mari Corporation. from the balance sheet you find the following balances Cast and marketable securities = $420,000, Ramunds Race hase = $ 80000 inventony = $t. 120.000. Prepaid Rent Expense= $360. 000 Accrued Taves = $24.00 Accounts Payeble = $1.030.000 Notes Payable = $ 370.000 Net Profit After Tax $ 250.000 What is the amount of Marin's Net Working Capital?