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Chapter 16 Tableau Dashboard Activities 0 1 333/333 points awarded Print Chapter 16 Tableau Dashboard Activities 0 1 3.33/3.33 points awarded Print Nessly Tootsey {f—} View on Tableau Public Submitted $(40,000) $(30,000) $(20,000) $(10,000) $O $10,000 $20,000 $30,000 $40,000 Net Loss Net Income Clv O o share 1. Which company generates the most cash inflow from operating activities? 2. Which of these companies report “Net cash used in investing activities™? 3. Calculate the total net increase or decrease in cash for (a) Gadberry, (b) Nessly, and (c) Tootsey. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 10/10 Total points awarded Help Submitted Complete this question by entering your answers in the tabs below. Required 1 Required 3 10/10 Total points awarded < Required 1 Required3 >
Chapter 16 Tableau Dashboard Activities 0 Submitted 10/10 Total points awarded Help 1 Complete this question by entering your answers in the tabs below. 3.33/333 points awarded Required 1 Required 2 Required 3 - - Calculate the total net increase or decrease in cash for (a) Gadberry, (b) Nessly, and (c) Tootsey. Total net print l Company EYeaeh Increase/Decrease (@) |Gadberry $ 2,000 @ |Increase (] (b) Nessly $ 10,000 @ | Increase (] (c) Tootsey $ 47,000 @ |Increase (] < Required 2
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$800,000.
$1,200,000.
$480,000.
Question 10 - EX
Forrester Company is considering buying new equipment that would decrease monthly fixed costs
from $360,000 to $360,000 and would decrease the current variable costs of $70 by $10 per unit.
The selling price of $100 is not expected to change. Forrester's current break-even sales are
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revised break-even point in dollars would be:
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Horizontal Analysis
The comparative accounts payable and long-term debt balances for a company follow.
Current Year
Previous Year
Accounts payable
$40,964
$41,800
Long-term debt
45,594
44,700
Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis?
Enter all answers as positive numbers.
Amount of Change
Increase/Decrease
Percentage
Accounts payable
Decrease
Increase
Long-term debt
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Exercise 9-6 (Algo) Note given to extend credit period LO P1
On March 1, LGE asks to extend its past-due $1,600 account payable to Tyson. Tyson agrees to accept $300 cash and a 180-
day, 8%, $1,300 note payable to replace the account payable. (Use 360 days a year.)
is
(1) Prepare the March 1 entry for LGE.
(2) Prepare the September 27 entry for LGE when it pays the note and interest to Tyson.
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Journal entry worksheet
Record LGE's entry to extend its past-due $1,600 account payable by paying cash of $300
and issuing a 180-day, 8%, $1,300 note payable.
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Required:
Calculate the amount recognised as expenses and amount disclosed as equity.
QUESTION 4
At 1.1.2017, KAZA Bhd grants 80,000 share appreciation rights to employee, with service
condition that the employee will still be employed in KAZA for three years. grant date,
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employee will be received cash by KAZA based on the value of the rights on that date. At the
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appreciated in value. Fair value of the share appreciation rights for the five-years are as
follows:
Year
Share price RM
Dividend yield
%
Value of rights
RM
0
3.00
1
0.81
2017…
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Knowledge Check 01
Coolidge Company owes $1,000 for merchandise inventory purchased from Ross Company during April. The amount owed is
now past-due. On June 15, Coolidge meets with Ross and convinces Ross to accept $400 cash and a 30-day, 10 percent, $600
note payable to replace the account payable.
Prepare the June 15 journal entry for Coolidge entry by selecting the account names from the drop-down menus and entering
the dollar amounts in the debit or credit columns.
View transaction list
Journal entry worksheet
Coolidge Company owes $1,000 for merchandise inventory purchased from Ross
7.
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PD FINANCIAL MANAGEMENT 1.pd x
O File | C:/Users/Montero%20Fam/OneDrive%20-%20Concierge%20Test%20Lab/Desktop/2nd%20year%20prelim/FINANCIAL%20MANAGEMENT%201%20.pdf
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Problem 2 (Common-Size Income Statement)
A comparative income statement is given below for Rainbow Company
Rainbow Company
Comparative Income Statement
For the Years Ended June 30, 2019, and 2018
2019
2018
Sales
5,000,000.00
4,000,000.00
Less: Cost of Goods Sold
3,160,000.00
2,400,000.00
Gross Margin
1,840,000.00
P
1,600,000.00
Selling Expenses
900,000.00
700,000.00
Administrative Expenses
680,000.00
584,000.00
Total Expenses
1,580,000.00
1,284,000.00
Net Operating Income
260,000.00
P
316,000.00
Interest Expense
70,000.00
40,000.00
Net Income Before Taxes
P
190,000.00
P
276,000.00
The president is concerned that net income is down in 2019 even though sales have increased
during the year. The president is also concerned that administrative expenses have increased,…
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Problem 1 (Common-Size Income Statements)
Prepare common size income statements for Wise Company, a sole proprietorship, for the
two years shown below by converting the peso amounts into percentages. For each year,
sales will appear as 100% and other items will be expressed as a percentage of sales.
(Income taxes are not involved as the business is not incorporated.) Comment on whether the
changes from 2018 to 2019 are favorable or unfavorable.
2019
2018
Sales
P 500,000.00
P 400,000.00
Cost of Goods Sold
330,000.00
268,000.00
Gross Profit
P 170,000.00
P 132,000.00
Operating Expenses
140,000.00
116,000.00
Net Income
P
30,000.00
P
16,000.00
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80,100 $ 26,700
43,700 $14,567
32,900 $10,967
14,200 $ 4,733
3,460 $ 1,153
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BP22603 FINANCIAL ACCOUNTING AND REPORTING III
SEM 2, 2021/2022
QUESTION 3
On 1.1.2016 the management of ANDY Bhd granted its 100 employees in the production units
options to buy 100 shares each. If production increased by a minimum of 10%, the options
granted would increase by 10% and if the production increased by 20% or more the options
granted would increase by 20%. The options would vest at the end of the third year.
In 2016, the company estimated that production would not increase and that ten employees
would leave before the end of year 2018. In year 2017, five employees left and the company
estimated that productivity would increase by 15% only and only 75 employees would remain
in service till end of year…
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Products X, Y, and Z are produced from the same process at a cost of $5,880. Five thousand pounds of raw material yields 2,600 X, 3,600 Y,
and 2,100 Z. Selling prices are: X $2 per unit, Y $4 per unit, and Z valueless. The ending inventory of X is 72 units. What is the value of the
ending inventory if joint costs are allocated using net realizable value?
Multiple Choice
$24.87.
$34.40.
$43.20.
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20,800
9,050
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Project Y
20,800
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8,900
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your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
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6,890.40
8,814.00
3,663.00
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13 FICA rate: 7.65%
14 State tax rate: 3%
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a. When an individual account is written off.
b.
When the loss amount is known.
c. For an amount that the company estimates it will not collect.
Several times during the accounting period.
d.
a. $100,000 loss on disposal
b. $40,000 loss on disposal
c. $40,000 gain on disposal
d. $25,000 loss on disposal
D
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6. A company sells an asset that originally cost $150,000 for $50,000 on December 31, 2016.
The accumulated depreciation account had a balance of $60,000 after the current year's
depreciation of $15,000 had been recorded. The company should recognize a
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Debenture Valuation
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5. Under the allowance method for uncollectible accounts, Bad Debts Expense is recorded
an individual account is written off
For an…
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Karryn Bilski made $2,400,000 in 2001, the base year. By 2004 she was earning $3,600,000. If the CPI rose to 120 by 2004, how
much were her real wages that year, and by what percentage had they changed?
Real wages (2004): $
Percentage change =
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Required information
On December 16, Carboy, Incorporated, borrows $120,000 cash from Third National Bank at 9 percent annual interest. The no
is due in 45 days. At December 31, Carboy records any unpaid interest with an adjusting entry. On January 30 of the next year,
Carboy pays the principal and interest owed on the bank note.
Prepare the January 30 entry by Carboy for the payment (maturity) of the note plus interest by selecting the account names
from the drop-down menus and entering the dollar amounts in the debit or credit columns.
View transaction list
Journal entry worksheet
On December 15, Carboy, Inc., borrows $120,000 cash from Third National Bank at 9
percent annual interest. The note is due in…
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Entries for notes payable
Bennett Enterprises issues a $660,000, 45-day, 9%, note to Spectrum Industries for merchandise inventory.
Assume a 360-day year. If required, round your answers to the nearest dollar.If an amount box does not require an entry, leave it blank.
a. Journalize Bennett Enterprises' entries to record:
1. the issuance of the note.
2. the payment of the note at maturity.
2
b. Journalize Spectrum Industries' entries to record:
1. the receipt of the note.
2. the receipt of the payment of the note at maturity.
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Organization goals include- Bin X +
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Page Company makes 30% of its sales for cash and70% on account 60% of the credit sales are collected in the month of sale, 20% in the
month following sale, and 16% in the second month following sale. The remainder is uncollectible. The following information has been
gathered for the current year.
Month
2.
$67,000 $70,000 $57,000 $37,000
Total sales
Total cash receipts in Month 4 will be:
Multiple Choice
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556.200
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Project: Company Accour X
D2L 7-1 Problem Set: Module Sev X
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A company reports the following:
Sales
$1,406,700
Average total assets (excluding long-term investments)
781,500
Determine the asset turnover ratio. If required, round your answer to one decimal place.
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Divide sales by average total assets (excluding long-term investments).
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Asset W has an expected return of 13.6 percent and a beta of 1.37. If the risk-free rate is
4.62 percent, complete the following table for portfolios of Asset W and a risk-free asset.
(Leave no cells blank - be certain to enter "O" wherever required. Do not round
intermediate calculations. Enter your portfolio expected return answers as a percent
rounded to 2 decimal places, e.g.., 32.16. Enter your portfolio beta answers rounded to
3 decimal places, e.g., 32.161.)
Portfolio Expected
Percentage of
Portfolio in Asset W
Portfolio Beta
Return
0 %
%
25
%
50
75
%
100
%
125
%
150
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5 The companu purchases office equipment by cash.
Asset
Increase
Decrease
No Effect
Liability
Increase
Decrease
No Effect
Owner's Equity
Increase
Decrease
No Effect
6 The owner contributes his personal truck to the business.
Decrease
No Effect
Asset
Increase
Decrease
No Effect
Liability
Increase
Decrease
No Effect
Owner's Equity
Increase
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Costs to date
Estimated costs to complete
Progress billings during the year
Cash collected during the year
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2021
$ 980,000
3,020,000
1,000,000
648,000
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Calculate the amount will be reported for accounts receivable on the statement of financial
position at December 31, 2022.
3. Accounts Receivable on the Statement of Financial Position at December 31, 2022 for
Newton Corp.:
Accounts Receivable is calculated as the cumulative billings to date minus the cumulative
cash collected:
Accounts Receivable at December 31, 2022 = Cumulative Billings- Cumulative Cash
Collected Accounts Receivable at December 31, 2022 = ($1,000,000+ $1,000,000) -
($648,000+ $1,280,000) = $2,000,000 - $1,928,000 = $72,000
Therefore, the amount reported…
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Chapter 14 Homework
#7
Wingter communications Corporation (WCC) produces.
airpods that
and this year's
Sales are expected to be 440, por set,
440,000 units. Vanable
Production costs at present are $1,560,000 WCC has
$4, 800,000 of debt outstanding at on
14
the
stack
7% There are 240,000 shares of common
outstanding, and there is no preferred stock. The dividend
payout ratio is 70% and wee is in the 25% federal-plus-
state tax brucket. WCC is a small company with average
Sales of $25 million or less during the past 3 years, so it
is exempt from the interest deduction limitation.
**
The company is considering inves has $7,200,000 in new equipment.
Sales would not increase, but variable costs per wit would decline
35 20%. Also, fixed operating costs would increase from $1,560,000
to $1,800,000. WCC could raise the required capital by bomowing
$7,200,000 at 10%
a) What would be wcC's EPS (1) under the old production process,…
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