The assets of Dallas & Associates consist entirely of current assets and net plant equipment. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1.5 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet.What is the balance of current liabilities on the firm's balance sheet?
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The assets of Dallas & Associates consist entirely of current assets and net plant equipment. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1.5 million. The firm does have accounts payable and accruals on its
What is the balance of current liabilities on the firm's balance sheet?
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- The assets of Eve-Ate-It Farm consist entirely of current assets and net plant and equipment. The firm has total assets of $2,215,000 and net plant and equipment equals $1,300,000. It has notes payable of $125,000, long-term debt of $540,000, and total common equity of $1,200,000. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. What is the firm’s total debt?The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.4 million and net plant and equipment equals $2.1 million. It has notes payable of $150,000, long-term debt of $760,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. a. What is the company's total debt? $ b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? $ c. What is the balance of current assets on the firm's balance sheet? $ d. What is the balance of current liabilities on the firm's balance sheet? $ e.…The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable of $150,000, long-term debt of $750,000, and total common equity of $1.5 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. a. What is the company's total debt? b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? c. What is the balance of current assets on the firm's balance sheet? d. What is the balance of current liabilities on the firm's balance sheet? e. What is the amount of accounts payable and accruals on its balance sheet? (Hint: Consider this as a single line item on the firm's balance sheet.) f. What is the firm's net working capital? g. What is the firm's net…
- The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $3 million and net plant and equipment equals $2.7 million. It has notes payable of $145,000, long-term debt of $750,000, and total common equity of $1.5 million. Thi firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. a. What is the company's total debt? $ b. What is the amount of total liabilities and equity that appears on the firm's balance sheet? $ c. What is the balance of current assets on the firm's balance sheet? $ d. What is the balance of current liabilities on the firm's balance sheet? $ e. What…The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.6 million and net plant and equipment equals $2.2 million. It has notes payable of $145,000, long-term debt of $745,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet. Write out your answers completely. For example, 25 million should be entered as 25,000,000. Negative values, if any, should be indicated by a minus sign. Round your answers to the nearest dollar, if necessary. What is the company's total debt? $ What is the amount of total liabilities and equity that appears on the firm's balance sheet?$ What is the balance of current assets on the firm's balance sheet?$ What is the balance of current liabilities on the firm's…1. The assets of J&R Associates consist entirely of Current Assets and net plant and equipment. The firm has total assets of P2,500,000, and and net plant equipment of P2,000,000. It has notes payable of P150,000, long-term debt of P750,000, and total common equity of P1,500,000. The firm does have accounts payable and accruals on its statement of financial position. The firm only finances with debt and common equity, so it has no preferred stock on its statement of financial position. What is the amount of total liabilities and equity that appears on the firm's statement of financial position?
- The assets of Dallas & Associates consist entirely of current assets and netplant and equipment, and the firm has no excess cash. The firm has total assets of $2.5 millionand net plant and equipment equals $2 million. It has notes payable of $150,000, longtermdebt of $750,000, and total common equity of $1.5 million. The firm does have accountspayable and accruals on its balance sheet. The firm only finances with debt and commonequity, so it has no preferred stock on its balance sheet.a. What is the company’s total debt?b. What is the amount of total liabilities and equity that appears on the firm’s balance sheet?c. What is the balance of current assets on the firm’s balance sheet?d. What is the balance of current liabilities on the firm’s balance sheet?e. What is the amount of accounts payable and accruals on its balance sheet? (Hint:Consider this as a single line item on the firm’s balance sheet.)f. What is the firm’s net working capital?g. What is the firm’s net operating…The assets of the Dallas Corporation consist entirely of current assets and net plant and equipment. The firm has total assets of $2.5 million and net plant and equipment equals $2 million. It has notes payable $150,000, long-term debt $750,000 and total common equity $1.5 million. It only finances with debt and common equity, so no preferred stock on the balance sheet. What is the amount of total liabilities and equity that appears on the firm’s balance sheet? What is the balance of current assets on the firm’s balance sheet? What is the balance of current liabilities on the firm’s balance sheet? What is the amount of accounts payable and accruals on its balance sheet? Hint: Consider this as a single line item on the firm’s balance sheet. What is the firm’s net working capital? What is the firm’s net operating capital? What is the explanation for the difference in your answers to parts (e) and (f)?The assets of the River & Stone Corp. company include current assets, property, plant and equipment and does not have excess cash (Free Cash). It has assets valued at $ 4 million and its fixed assets are valued at $ 3 million. It reports debts payable of $ 350,000, long-term debts of $ 650,000 and equity of $ 2 million. Your balance sheet reflects that you have accounts payable and accumulated debts. Generally, the company operates on a debt and equity basis. 1. Determine the total amount of the company's debt. 2. Calculate the balance of current assets and liabilities. 3. Determine the net working capital of the company. 4. Calculate the net operating working capital. 5. Explain how net working capital and operating working capital can support managerial decisions and strategic goals.
- The assets of Karma Lin Corp. include current assets, property, plant and equipment; the company does not have excess cash (Free Cash). It has assets valued at $5 million and its fixed assets are valued at $3 million. It reports payables of $450,000, long-term debt of $750,000 and stockholders' equity of $3 million. Its balance sheet reflects that it has accounts payable and accrued debts. Generally, the company operates on a debt and stockholders' equity basis. Determine the total amount of the company's debt. Calculate the balance of current assets and current liabilities.Total assets of $2.5 million and net plant and equipment equals $2 million. Notes payable of $150k and long term debt of $750k. Total common equity of $1.5 million. The firm does have accounts payable and accurals on its balance sheet and only finances with debt and common equity, so no preferred stock on the balance sheet. a) What is the company's total debt?b) What is the amount of total liabilities and equity that appears on the firm's balance sheet?c) What is the balance of current assetsd) What is the balance of current liabilitiese) What is the amount of accounts payable and accruals on its balance sheet?f) What is the firm's net working capitalg) what is the firm's net operating working capitalh) what is the explanation for the different in your answers to parts f and g?Tinman, Inc., has current assets of $250 million; property, plant, and equipment of $370 million; and other assets totaling $140 million. Current liabilities are $140 million and long-term liabilities total $350 million. Requirements 1. Use these data to write Tinman's accounting equation. 2. How much in resources does Tinman have to work with? 3. How much does Tinman owe creditors? 4. How much of the company's assets do the Tinman stockholders actually own? (Enter all amounts in millions of dollars.) Requirement 1. Use the data provided to write Tinman's accounting equation. Requirement 2. How much in resources does Tinman have to work with? million in resources to work with. Tinman has $ Requirement 3. How much does Tinman owe creditors? Tinman owes creditors $ + million. Requirement 4. How much of the company's assets do the Tinman stockholders actually own? The Tinman stockholders actually own $ million of the company's assets.