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- Q4. ABC Company has opening stock of $50000 purchased goods worth $150,000 during the year and closingstock of $50000? What is the cost of goods sold for the year?Q5. Company XYZ sold furniture with $ 10,000 received $5000 in cash and rest will be paid in future bycustomer. How this affects the accounting equation for the company XYZ? Q 7. A’s initial capital investments is $500,000 dollars B’s initial investments is $500,000. A will receive$15000 as salary per year. B will receive commission $1500 dollars per year. Create a capital accountusing a) fixed capital method and b) fluctuating capital methodAccording to the information given in the table below, which of the following is cash flow from financing? Net income 42,000 Increase in Bank Loan 29,000 Decrease in Bonds 13,000 Increase in Equipment 19,000 Increase in Common 18,000 stock Select one: a. 34000 b. 71000 c. 59000 d. 63000When a company buys equipment for $161,000 and pays for one half in cash and the other one half is financed by a note payable, which of the following are the effects on the accounting equation? a. Total assets increase $161,000 b. Total liabilities increase $161,000 c. Total liabilities decrease $80,500 d. Total assets increase $80,500
- uality Service’s revenue on account is P60,000 and the cash basis is P90,000. The cost of services is P80,000. The capital of Quality will increase by: a. P 10,000 b. P 70,000 c. P 90,000 d. P150,00010. If the net income after tax of the company is P4,000,000, starting balance of assets is P500,000 and the ending balance of assets is P700,000, what is the return of assets? *a. 8b. 5.71c. 6.6667d. 3.3333 2. If the quick assets of the company amounted to P90,000, and the quick ratio is 9, how much is the current liabilities of the entity? *a. P810,000b. P89,997c. P90,009d. P10,000 7. If net sales amounted to P200,000, net income before tax is P80,000 and the income tax rate is 30%, how much is the profit margin ratio? *a. 0.40b. 0.28c. 2.5d. 3.57 8. Interest expense for the year amounted to P90,000. Income tax expense is P100,000. If net income after tax is P620,000, what is the times interest earned ratio? *a. 6.2b. 9c. 6.888d. P720,000 1. If current assets amounted to P600,000 and current liabilities amounted to P200,000, what is the current ratio of the entity? *a. P800,000b. P400,000c. 3d. 1/3 3. If net sales is P200,000 and the average accounts receivable is P50,000, what is…Mi-T-M sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000, purchase treasury stock for $230,000, and paid cash dividend of $20,000 What was the net cash flow from investing activities? A. $8,320,000 outflow B. $5,970,000 outflow C. $8,270,000 outflow D. $6,250,000 outflow
- An insurance company collected $4.1 million in premiums and disbursed $2.01 million in losses. Loss adjustment expenses amounted to 7.1 percent and dividends paid to policyholders totaled 1.7 percent. The total income generated from their investments was $220,000 after all expenses were paid. What is the net profitability in dollars? (Enter your answer in dollars not in millions)A Co made a profit for the year of $18,750, after accounting for depreciation of $1,250. During the year, non-current assets were purchased for $8,000, receivables increased by $1,000, inventories decreased by $1,800 and payables increased by $350. What was A Co’s increase in cash and bank balances during the year? A $10,650 B $10,850 C $12,450 D $13,150A firm's cash account grew by $300 over the year when the firm had cash flow from financing of -$150 and cash flow from investing of $100. The firm's operating cash flow must have been +$250. True False
- 5. The followings ate the information about Rainbow National Bank:Report of Income Tk.Interest income 1,250Interest expense 500Total assets 40,000Securities losses or gains 1,000Earning assets 30,000Total liabilities 30,000Taxes paid 1,000Shares of common stock outstanding 3,000Noninterest income 8,000Noninterest expense 6,000Provision for loan losses 2,500Calculate ROE, ROA, Net interest margin, Earnings per share, Net noninterest marginand Net operating margin.Alternative Scenarios:Suppose interest income, interest expenses, noninterest income, and noninterestexpenses each decline by 5 percent while all other revenue and expense items shown inthe preceding table remain unchanged. What will be happen to Rainbow ROE, ROA,and earnings per share?Branch Corp.'s total assets at the end of last year were $310,000 and its net income after taxes was $22,750. What was its return on total assets? Select the correct answer. a. 8.34% b. 7.34% c. 6.84% d. 7.84% e. 6.34%CBD Shop cash balance in the balance sheet ending June 30 20X0 shows $16 000. The net cash flows during the year ending 30 June 20X1 is $12 000 and Which of the following is true? a. The shop net loss for the year ending 20X1 is $4 000. b. The withdrawal during the year is $4 000. c. The equity in the balance sheet ending 30 June 20X1 is $28 000. d. The cash in the balance sheet ending 30 June 20X1 is $28 000