Swifty Park, a public camping ground near the Four Corners National Recreation Area, has compiled the following financial information as of December 31, 2022 Revenues during 2022-camping fees Revenues during 2022-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $145,600 48,880 11,440 20,800 109,720 145,600 Notes payable Expenses during 2022 Supplies on hand Common stock Retained earnings $62,400 156,000 2,600 20,800

The cash balance of Lalana Company is 434000OMR at the beginning of the year. The cash flows during the year are given as follows; Operating cash inflow:38490 Financing cash outflow: 22430 Investing inflow: 95800 Which of the following is the cash balance at the end of the year. Select one: a. 468890 b. 465760 C. 554520 d. 545860

Timmins Company of Emporia, Kansas, spreads herbicides and applies liquid fertilizer for local farmers. On May 31, 2022, the company's Cash account per its general ledger showed a balance of $6,738.90. The bank statement from Emporia State Bank on that date showed the following balance. EMPORIA STATE BANK Checks and Debits Deposits and Credits Daily Balance XXX XXX 5-31 6,968.00 A comparison of the details on the bank statement with the details in the Cash account revealed the following facts. 1. The statement included a debit memo of $40.00 for the printing of additional company checks. Cash sales of $883.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $933.15. The bank credited Timmins Company for the correct amount. 2. 3. Outstanding checks at May 31 totaled $276.25, and deposits in transit were $1,880.15. On May 18, the company issued check No. 1181 for $685.00 to H. Moses, on account. The check, which cleared…

SydMel Ltd Statement of financial position As of 30 June 2020.       2020 2019 Assets     Cash at Bank 18000 - Account Receivable 34000 28000 Inventories 112000 96000 Land 40000 80000 Buildings 120000 120000 Accumulated depreciation-Buildings (10000) (6000) Equipment 72000 60000 Accumulated depreciation-Equipment (30000) (18000) Total assets 356000 360500 Liabilities     Account Payables 52000 48000 Bank Overdraft - 20000 Equity     Share Capital 214000 200000 Retained Earnings   90000 92500 Total liabilities and equity 356000 360500   SydMel Ltd Statement of profit and loss and other comprehensive income For the year ended 30 June 2020.     2020 income $ $ Sales revenue - 445500 Less: expenses     Cost of sales 288000   Employee expenses 78000   Interest expenses 5000   Loss on…

9.Hong Kong Clothiers reported revenue of $5,150,000 for its year ended December 31, 2021. Accounts receivable at December 31, 2020 and 2021, were $321,400 and $354,300, respectively. Using the direct method for reporting cash flows from operating activities, Hong Kong Clothiers would report cash collected from customers of: Group of answer choices $5,117,100 $5,150,000 $5,192,900 $5,182,900

Upton Computers makes bulk purchases of small computers, stocks them in conveniently located warehouses, ships them to its chain of retail stores, and has a staff to advise customers and help them set up their new computers. Upton's balance sheet as of December 31, 2019, is shown here (millions of dollars): Cash Receivables Inventories 5 Total current assets. Net fixed assets million % $3.5 26.0 58.0 $87.5 35.0 Accounts payable Notes payable Line of credit Accruals Total current liabilities. Mortgage loan Common stock Retained earnings Total assets $122.5 Total liabilities and equity Sales for 2019 were $375 million and net income for the year was $11.25 million, so the firm's profit margin was 3.0%. Upton paid dividends of $4.5 million to common stockholders, so its payout ratio was 40%. Its tax rate was 25%, and it operated at full capacity. Assume that all assets/sales ratios, (spontaneous liabilities)/sales ratios, the profit margin, and the payout ratio remain constant in 2020. Do…

This fourth, and final, project for the semester will involve the following items to turn in: 1) A statement of cash flows from information I will provide you. You can turn in the information in excel, best choice, word or hand written and scanned.   All files need to be uploaded to this assignment.

The following information on selected cash transactions for 2021 has been provided by Ehrlich Company:           Proceeds from sale of land                                                        $300,000 Proceeds from long-term borrowings                                         600,000 Purchases of plant assets                                                             216,000 Purchases of inventories                                                           1,020,000 Proceeds from sale of Ehrlich common stock                            360,000 What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information? Group of answer choices $84,000 $684,000 $315,000 $1,044,000

Selected financial data for Surf City and Paradise Falls are as follows:  ($ in millions) Surf City  Surf City Paradise Falls Paradise Falls   2021 2020 2021 2020 Total assets $16,103 $14,862 $32,816 $34,061 Total liabilities 9,780 8,165 13,398 14,158 Total stockholders’ equity 6,323 6,697 19,418 19,903           Sales revenue $6,473   14,586   Interest expense 309   402   Tax expense     41   Net income 562   2,318   1-a. Calculate the debt to equity ratio for Surf City and Paradise Falls for the most recent year. (Do not round intermediate calculations. Round ratios answers to 2 decimal places. Enter your answer in millions. (i.e., $5,500,000 should be entered as 5.5))     Debt to Equity Ratio Surf City       =                   Paradise Falls       =       2-a. Calculate the return on assets for Surf City and Paradise Falls. (Do not round intermediate calculations. Round ratios answers to 2 decimal places. Enter your answer in…

Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Gross Fixed Assets $16,251,665 $20,567,330 Less $7,460,897 $10,117,819 Total Assets O 11.58% O 44.90% O 8.37% $5,268,485 $10,268,485 O 4.35% $2,574,230 $2,314,672 O 6.02% $529,062 $696,685 $8,371,777 $13,279,842 Total Liabilities and Equity What is the common size value for 2022 Notes Payable? $8,790,768 $10,449,511 $17,162,545 $23,729,353 Current Liabilities 2021 Accounts Payable Notes Payable $1,033,110 $1,987,233 2022 $1,673,992 $2,438,271 $2,707,102 $4,425,504 Long Term Debt $9,242,830 $11,468,302 Total Liabilities $11,949,932 $15,893,806 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353