Victory Worship Partnership has the following account balances before liquidation (see attached photo):
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Victory Worship
During December, some non-cash assets were sold for a loss of P1,845. Liquidation expenses of P7,000 were paid and additional expenses amounting to P3,600 were expected to be incurred through the following months of liquidating the partnership. Liabilities to outsiders amounting to P35,000 were paid.
What is the book value of non-cash assets sold for Co to receive P22,222?
A. 83,355
B. 85,200
C. 95,000
D. 93,155
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- Balance sheet Assets (in KD) Liabilities (in KD) Cash 154674 Accounts payable 80000 Accounts receivable 100000 Accrued expenses 100000 Inventory 210000 Notes payables 180000 Property, Equipment, Plants 1500000 Long-term borrowings 400000 Less: Amortization 50000 Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. Calculate the retun on assets of this company In the reasons box, explain your answer in a sentence. Note Use three decimal poants in your answer (0.023 0.058 Answer Give your reasonsLiabilities (in KD) Accounts payable Assets (in KD) Cash 154674 80000 Accounts receivable 100000 Accrued expenses 100000 Inventory 210000 Notes payables 180000 Property, Equipment, Plants 1500000 Long-term borrowings 400000 Less: Amortization 50000 Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expeses 50000 EBT Taxes 20000 Net Incomebalance sheet 20201231 (mkr): fixed assets 9540 current assets 2630 s: a assets. 1280 equity 2070 long loans 5650 short-term. liabilities. 4360 s: a EQ and liabilities 12080 Let us assume that a new share issue is carried out where the owners invest SEK 1,400 million. The money is then used to repay long-term loans of SEK 900 million and short-term liabilities of SEK 400 million. Your task is to fill in the amounts for the following items in the balance sheet after the new share issue and associated transactions described above have been completed: S assets:mkr Equity:mkr Short loans:mkr
- Pergunta 11 Use the information for the question(s) below. Omicron Industries Market Value Balance Sheet (5 Millions) and Cost of Capital Assets Cash Other Assets 0 500 x Liabilities $50.00 million $67.25 million $38.50 million $10.25 million $75.50 million Debt 200 Equity 300 Omicron Industries New Project Free Cash Flows (Millions) 0 3 40 Year Free Cash Flows (100) The debt capacity for Omicron's new project in year O is closest to: 2 50 Cost of Capital ▷ Exibir comentários da pergunta 11 TC 60 Det 6% Equity 12%Delta Itd has $820 in inventory, $640000 in fixed assets, $670 in accounts receivable, $800 in accounts payable, $5980 in long- term debt, and $360 in cash. What is the amount of the net working capital of Delta Ltd? $12000 $1050 $1,460 only correct option need $5000Assets (in KD) Liabilities (in KD) 20000 Accounts Cash 80000 payable Accrued Accounts receivable 100000 100000 expenses 210000 Notes payables 180000 Inventory Property, Equipment, Plants Less: Amortization 1500000 Long-term borrowings 400000 50000 Total liabilities Total equity Total Liabilities and Total Equity Total assets Income statement Sales COGS 900000 400000 Gross profit Operating expenses200000 EBIT Interest expenses EBT 50000 Taxes 20000 Net Income Consider the above balance sheet and income statement. The average collection period is equal to: (Show calculation steps in reasons box) a. 100.55 days b. 54.50 days C. 55.40 days d. 40.55 days
- Balance sheet Assets (in KD) Liabilities (in KD) Cash 20000 Accounts payable 80000 Accounts receivable 100000 Accrued expenses 100000 Inventory 210000 Notes payables 180000 Property, Equipment, Plants 1500000 Long-term borrowings 400000 Less: Amortization 50000 Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. The account payable deferral period is equal to: (Note: Show calculation details in the reasons box) Oa 52.40 days Ob 365 days Oc 32 44 days Cd 73 daysBalance sheet Liabilities (in KD) Assets (in KD) 80000 20000 Accounts payable Cash 100000 Accrued expenses 100000 Accounts receivable 180000 208231 Notes payables Inventory 400000 Property, Equipment, Plants 1500000 Long-term borrowings Less: Amortization 50000 Total liabilities Total equity Total assets Total Liabilities and Total Equity income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. Calculate the inventory turnover ratio of this company In the reasons box, explain your answer in a sentence Note Use two decimal points in your answer (2.54, 4.26,) Answer Give your teasonsUsing the data given below, compute for the total amount of items that meet the definition of financial asset Cash P 100,000 Fair value through profit or loss securities 500,000 Investment in associate 2,000,000 Trade receivable 1,000,000 Inventories 800,000 Prepaid insurance 50,000 Interest rate swap receivable 200,000 Investment in debt securities – FVTOCI 400,000 Investment in debt securities – AC 350,000 Land 2,000,000 Buildings 3,000,000 Machinery and equipment 1,500,000 Patents 250,000
- Assets (in KD) Liabilities (in KD) Cash 20000 Accounts payable 80000 Accounts receivable 100000 Accrued expenses 100000 210000 Notes payables Property, Equipment, Plants 1500000 Long-term borrowings Inventory 180000 400000 Less: Amortization 50000 Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes 20000 Net Income The fixed asset turnover ratio can be explained as follows: (Note: Show calculation steps in the reasons box) Oa Each dinar of fixed assets is generating $0.6 in sales. Ob Each dinar of fixed assets is generating $0.62 in sales Oc Each dinar of sales is generating $0.6 in fixed assets 04 Each dinar of sales is generating $0.62 in fixed assets.Balance sheet Liabilities (in KD) Assets (in KD) 20000 Accounts payable 80000 Cash Accounts receivable 100000 Accrued expenses 100000 Inventory 210000 Notes payables 180000 Property, Equipment, Plants 1500000 Long-term borrowings 50000 400000 Less: Amortization Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Тахes 20000 Net Income The fixed asset turnover ratio can be explained as follows: (Note: Show calculation steps in the reasons box) Oa Each dinar of fixed assets is generating $0.6 in sales. Ob Each dinar of fixed assets is generating $0.62 in sales. Oc Each dinar of sales is generating $0.6 in fixed assets. Od Each dinar of sales is generating $0.62 in fixed assets.Balance sheet Assets (in KD) Liabilities (in KD) 80000 Accounts payable Accrued expenses Cash 20000 100000 100000 Accounts receivable Inventory 210000 Notes payables 180000 Property, Equipment, Plants 1500000 Long-term borrowings 50000 400000 Less Amortization Total liabilities Total equity Total assets Total Liabilities and Total Equity Income statement Sales 900000 COGS 400000 Gross profit Operating expenses 200000 EBIT Interest expenses 50000 EBT Taxes 20000 Net Income Consider the above balance sheet and income statement. The account payable deferral period is equal to: (Note: Show calculation details in the reasons box) Oa 52.40 days Ob 365 days Oc 32 44 days 73 days