Calculate : (1) (2) (3) (4) (5) Current Assets to Fixed assets 31 मार्च को एक कम्पनी का आर्थिक चिट्ठा निम्न है : Current Ratio Quick Ratio Debt Equity Ratio Proprietary Ratio
Q: A 3-year bond with 10% compound rate and P1000 face value yields 8%. Assuming annual compounding…
A: A 3 Year Bond with 10% Annual Compounding rate having face value 1000 Annual Interest = 1000*10% =…
Q: 1. Do the record of sale of goods on January 10 2. Record the cost of sales for January 10 3.Record…
A: Perpetual Inventory - Under Perpetual Inventory method inventory is counted after every sale…
Q: A company reports the following amounts at the end of the year: Total sales revenue = $560,000;…
A: Sales revenue is the amount of revenue earned from sale of goods and services. Net sales revenue…
Q: Expenses for a Pizza restaurant include raw material for pizza at $4.00 per slice, $102.00 as…
A: Total sales made today = $2600 200 × $13 The total material cost = $800 200 × $4
Q: Beto Company pays $5.50 per unit to buy a part for one of the products it manufactures. With excess…
A: If we make the product then Cost per unit of product includes Direct material, Direct Labor,…
Q: Prepare statement of cash flows-indirect method. Beginning cash balance Accounts payable decrease…
A: Cash flow statements is one of the financial statement used to identify the cash spent and earned on…
Q: At December 31, Hawke Company reports the following results for its calendar year. Cash sales:…
A: Whenever a business makes credit sales, it will generate accounts receivables for the business.…
Q: Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the…
A: Amortization of Bond's :— It Means that Principle Value of Amount is paid regularly along with the…
Q: On October 10, the stockholders’ equity section of Sherman Systems appears as follows. Common…
A: Shareholder's Equity - This statement includes Common Stock, Paid in Capital in Excess of Par,…
Q: XYZ Inc issued 445 convertible bonds - each at a price of 101.95% of the $1,000 face value. At…
A: A board of directors is elected by common investors, and they vote on company issues. This type of…
Q: The Parent Company purchased common stock of Sub Company in a series of open-market purchases in…
A: INTRODUCTION: Common stock is what most people see when they consider "stock." All of the shares in…
Q: The net realizable value of Accounts Receivable represents the company's best estimate of what it…
A: Lets understand the basics. Account receivable is arise when credit sales are made to customer. It…
Q: Peterson Company Direct materials inventory Work-in-process inventory Finished-goods inventory…
A: Cost of goods sold is the costs related with manufacturing of an product where it consists of…
Q: 2. (a) If a developer plans to purchase a site for $150,000,000 on borrowed money at 6 per cent and…
A: Future Value :— Value of any cash flow in future date. It is calculated by using time value of…
Q: P 430,000
A: Opportunity cost refers to the cost which is incurred on the next best alternative that should be…
Q: On January 2, 2019, Whistler Company purchased land for $480,000, from which it is estimated that…
A: Depletion refers to the measure which is linked with the depletion amount of the extraction of the…
Q: 2016 Q.No. The income statement for Anupam Company Sales revenues Cost of goods sold Gross profit…
A: Lets understand the basics. Cashflow statement is prepared by management to understand the cash…
Q: Internal control is designed to provide: : A Certainty. B Freedom from fraud. C Reasonable…
A: Internal control is very useful and important for every business. It means those procedures which…
Q: A man earns $15.50 per hour with time and a half for overtime and he worked 48 hours during a recent…
A: Lets understand the basics. For answering the question, we are required to answer using below…
Q: A company reports the following amounts at the end of the year: Total sales revenue = $560,000;…
A: Introduction: Net revenues: Deduction of sales returns , sales allowances , and sales discounts from…
Q: National Company has 100,000 shares outstanding and just declared a 2-for-1 stock split. Before the…
A: Introduction: Stock split: Splitting of the share face value in to parts called as stock split.…
Q: i 5 Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs and…
A: Selling price = Manufacturing cost + (Manufacturing cost×20%)
Q: On January 1, 2020, Sapphire Mining Company purchased land with valuable natural ore deposits for…
A: The depletion expense refers to the decrease in the value of the natural resource used in the…
Q: Carla Vista Co. receives a $60,400, 6-year note bearing interest of 7% (paid annually) from a…
A: We shall calculate the present value of Note by discounting all cash flows during the 6 year period.…
Q: Current Attempt in Progress Sunland Company had an increase in inventory of $55200 The cost of goods…
A: Cost of Goods Sold (COGS) refers to the cost allocated to the units of products being sold. It is…
Q: Contingent Fees) Fatima Alabanza is president of Sizzling Corporation, a nonpublic manufacturer of…
A: Part A: By giving these services, Mendoza wouldn't go against "the Code of Ethics for Professional…
Q: two (2) reasons why ROI, RI and EVA may be inappropriate measures of performance.
A: ROI ( Return on Investment)- This measure is used to measure the return on any investment. This is a…
Q: a servicemember receives reimbursement ➡r moving expenses, how much will the mount be reported to…
A: Moving expenses : These are the expenses incurred when the employees are allowed by the employer to…
Q: Rush Company incurred a total cost of $5,600 to produce 400 units of pulp. What is the total fixed…
A: Total variable cost = 400 units × $7.5 per unit = $3,000
Q: You want to buy a house. The loan amount will be $285,000.00. A bank is offering a 5% interest rate…
A: Monthly Payment: A borrower pays down portion of the remaining sum together with the interest on the…
Q: The following selected accounts and their current balances appear in the ledger of Fernandez Co. at…
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: 15. In preparing a trial balance, how many of the above accounts will you list in the debit column…
A: Trial balance refers to a statement or worksheet which show the balance of all debit accounts and…
Q: What is the most commonly used Comparison pertaining to the budget
A: the budgeting process is considered to be an essential component of the management control system as…
Q: 4. The process of entering journal page numbers of transactions in the ledger and then entering the…
A: The journal entries which are recorded in the books to maintain daily records are posted to ledger…
Q: 4. Pay next quarter rent in cash in advance Assets Increase Decrease Liability Increase Decrease…
A: Lets understand the basics. As per balance sheet equation, total assets is always equal to total…
Q: c. Clearly show the cash flow profile for each alternative using an opportunity cost approach…
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: The Nelson Company has a taxation year end of December 31. On January 1, 2021, the UCC of Class 8…
A: Here discuss about the calculation of Capital cost allowance for purchase of class 8 Assets and its…
Q: During 2021, Gamma Ltd discovered that some of their products sold during 2020 were incorrectly…
A: In the context of the given question, we are required to compute and explain the effect of the error…
Q: On January 1, 2015, ML Company grants 100 cash share appreciation rights to each of its 500…
A: Number of employees who can exercise their option in 2018 or 2019 = 140+ 150 = 290 Since the…
Q: On June 1, 2022 Bedu, Budi, and Bobi were three friends who wanted to form a new firm which would be…
A: Partnership is one of type of business formation where two or more individuals come together and…
Q: Magenta Corporation wants to raise $50.6 million in a seasoned equity offering, net of all fees.…
A: The desired shares to be sold are determined with respect to the net price per share, after…
Q: March 31 is the end of PDT Co.'s monthly pay period. PDT Co. has one sole employee, Sally, with a…
A: Journal Entry: It the act through which economic or non-economic transactions are recorded .…
Q: Dimitri Designs has capacity to produce 30,000 desk chairs per year and is currently selling all…
A: Introduction: In the decision making, incremental cost plays a vital role in assessing whether a…
Q: Oster Company Ltd. manufactures dusk to dawn lamps. The following are the details of their operation…
A: Economic order quantity (EOQ) is a calculation used by firms to calculate their best order size,…
Q: used for the prior five years-see Analys me statement, identify with numbers the a isposal on se ne…
A: Income statement (IS) is the statement which states the position at the end of the fiscal year or…
Q: Mountainview Company produces colorful 100% cotton shirts and the entity needs 50,000 kilos of raw…
A: Given data, Call option entered for 50,000 kilos of raw materials Option Strike Price = P100 per…
Q: Analyze the following: I – The features most frequently associated with preference shares exclude…
A: Preference shares are one of the type of shares. These are the shares who get the benefit of…
Q: A man is paid on a salary-plus-commission basis. He receives $275 weekly in salary and a commission…
A: Given information Weekly salary = $275 Commission = 5% over Sales of $2020 Weekly sales = $7825
Q: Which of the following statements about a forged drawer's signature on a check is true? a.) A…
A: The answer for the multiple choice question and relevant working are presented hereunder : A check…
Q: Prepare a cash budget per month for the third quarter
A: Cash budget is the budget which is prepared by the company so that it can be estimated about the…
Step by step
Solved in 5 steps
- Angela Corporation has the following selected assets and liabilities: Given the said data, determine the company’s net working capital. (check the photo) Choose the letter of correct answer a. P35,000.00b. P39,000.00c. P33,000.00d. P72,000.00e. P52,000.00PLS HELP ASAP The balance sheet of Sunrise Company shows that capital P360,000 is equal to ⅓ of its total assets. How much is total liabilities? a. P480,000 b. P720,000 c. P1,080,000 d. P120,000he following is an extract from the trial balance of Tempo Ltd on 30 June 2022:£Land and buildings 114 000Equipment 210 000Investment (80 000 shares of £1 each in Rhythm Ltd at cost price) 650 000Inventory (30/6/2008 - £382 000) 418 000Trade receivables (30/6/2021 – £180 000) 206 000Cash and cash equivalents 92 000Share capital:Ordinary share capital including premium 450 000Preference share capital 200 000Retained earnings:Balance – beginning of year 160 000Retained profit for the year 40 00012% Long term loan 420 000Trade payables (30/6/2021 – £190 000) 210 000Tax payable 110 000Dividends payable 100 000Additional information:1. Issued share capital:- 400 000 ordinary shares of £1 each- 40 000 10% preference shares of £5 each.2. Gross profit for the year amounted to £1 344 000 and represents 40% of turnover for the year.3. All sales and all purchases are on credit.4. Income from investment for the year amounted to £24 000.5. The dividends payable represents the total amount of…
- In column A, identify the account to which element it belongs whether Current Asset (CA), Noncurrent Assets (NCA), Current Liabilities (CL), Noncurrent liabilities (NCL) or Shareholders’ equity (SHE). In column B, indicate the line item to which the account belongs. Column A Column B1. Share Capital2. Accounts Payable 3. Plant Expansion Fund4. Trading Securities 5. Employees income tax payable6. Goodwill 7. Raw Materials8. Share Premium 9. Advances from customers 10. Serial bonds not collectible currently 11. Investment in Bonds 12. Notes Payable 13. Prepaid Insurance 14. Income Tax Payable 15. LandAssuming a business entity has a total asset of 25,000,000 its total liabilities is 1/3 of the said amount. How much is the equity? 16,000,000,00 16,666,666.67 13,333,333.33 13,000,000.001. The following balances were obtained from the books of The Hartland Ltd as at December 31, 2015:DETAILS DR CRPremises800,00010% Mortgage250,000Retained earnings40,000Goodwill100,000Debtors110,000Creditors65,000General reserves30,000Management fees30,000Ordinary shares @ $0.50200,0005% Preference shares @ $1200,000Share premium50,000Motor vehicle80,000Prov. for depreciation on motor vehicle12,00010% Debenture120,000Mortgage interest7,000Debenture interest5,000Cost of sales750,000Closing stock80,000Insurance20,000Wages & salaries60,000Interim ordinary shares dividend2,000Bank53,000Sales1,100,000Commission received4,0002,084,0002,084,000Notes:a. Provide for depreciation on motor vehicle at 5% on the reducing balanceb. Insurance is prepaid by $4,000 while wages and salaries is owing by $20,000c. The goodwill should be written down by 25%d. Transfer $25,000 from profits to the general reservese. Corporation tax is estimated at $30,000f. The…
- The following is an extract from the trial balance of Tempo Ltd on 30 June 2022:£Land and buildings 114 000Equipment 210 000Investment (80 000 shares of £1 each in Rhythm Ltd at cost price) 650 000Inventory (30/6/2008 - £382 000) 418 000Trade receivables (30/6/2021 – £180 000) 206 000Cash and cash equivalents 92 000Share capital:Ordinary share capital including premium 450 000Preference share capital 200 000Retained earnings:Balance – beginning of year 160 000Retained profit for the year 40 00012% Long term loan 420 000Trade payables (30/6/2021 – £190 000) 210 000Tax payable 110 000Dividends payable 100 000Additional information:1. Issued share capital:- 400 000 ordinary shares of £1 each- 40 000 10% preference shares of £5 each.2. Gross profit for the year amounted to £1 344 000 and represents 40% of turnover for the year.3. All sales and all purchases are on credit.4. Income from investment for the year amounted to £24 000.5. The dividends payable represents the total amount of…Use the following information for the next three questions:The ledger of COLTISH UNDISCIPLINED Co. in 20x1 includes the following:Jan. 1, 20x1 Dec. 31, 20x1Current assets 1,200,000 ? Noncurrent assets 4,000,000 ? Current liabilities 900,000 1,000,000Noncurrent liabilities ? 3,000,000 Additional information:- COLTISH’s working capital as of December 31, 20x1 is twice as much as the working capital as of January 1, 20x1. - Total equity as of January 1, 20x1 is ₱1,700,000. Profit for the year is ₱2,400,000 while dividends declared amounted to ₱1,000,000. There were no other changes in equity during the year.How much is the total noncurrent liabilities as of January 1, 20x1?a. 2,600,000b. 2,800,000c. 3,200,000d. 3,400,000Use the following information for the next three questions:The ledger of COLTISH UNDISCIPLINED Co. in 20x1 includes the following:Jan. 1, 20x1 Dec. 31, 20x1Current assets 1,200,000 ?Noncurrent assets 4,000,000 ?Current liabilities 900,000 1,000,000Noncurrent liabilities ? 3,000,000 Additional information:- COLTISH’s working capital as of December 31, 20x1 is twice as much as the working capital as of January 1, 20x1.- Total equity as of January 1, 20x1 is ₱1,700,000. Profit for the year is ₱2,400,000 while dividends declared amounted to ₱1,000,000. There were no other changes in equity during the year. How much is the total current assets as of December 31, 20x1?a. 1,600,000b. 800,000c. 300,000d. 2,200,000
- The following information is about Green Tea Ltd. Year Net income ($’000 000) Beginning book value of equity ($’000 000) 1 32 42 2 28 39 3 44 47 Required: Calculate Equity value using discounted abnormal earnings valuation method. The cost of capitalis 10%.Orbit Limited Statement of Financial Position as at 31 December: 2022 2021 R R ASSETS Non-current assets 11 810 000 7 560 000 Property, plant and equipment 10 025 000 6 250 000 Investments 1 785 000 1 310 000 Current assets 4 190 000 4 690 000 Inventories 1 875 000 2 350 000 Accounts receivable 1 925 000 2 200 000 Cash 390 000 140 000 Total assets 16 000 000 12 250 000 EQUITY AND LIABILITIES Equity ? ? Ordinary share capital 5 480 000 3 680 000 Retained earnings ? ? Non-current liabilities 4 500 000 3 800 000 Loan (20% p.a.) 4 500 000 3 800 000 Current liabilities 2 300 000 1 500 000 Accounts payable 2 300 000 1 500 000 Total equity and liabilities 16 000 000 12 250 000 Statement of Comprehensive Income for the year ended 31 December: 2022 2021 R R Sales 10 800 000 7 150 000 Cost of sales (6 000 000) (3 650 000) Gross profit 4 800 000 3 500 000 Operating expenses (1 800 000) (1 200 000) Depreciation 580 000 200 000…On August 1, 2020, the business accounts of Peter and Senen appear below:Assets Peter SenenCash P11,000 P22,354Accounts receivable 84,536 217,890Inventories 100,035 240,102Land 603,000 428,267Buildings 200,345 384,789Other Assets 22,000 23,600Total P1,020,916 P1,317,002Liabilities and CapitalAccounts payable P178,940 P243,650Notes payable 200,000 345,000Peter, Capital 641,976Senen, Capital 728,352Total P1,020,916 P1,317,002Peter and Senen agreed to form a partnership contributing their respective assets and liabilitiessubject to the following adjustments:Accounts receivable of P20,000 and P35,000 are uncollectible in Peter and Senen’s respectivebooks.Inventories of P5,500 and P6,700 are worthless in Peter and Senen’s respective booksOther Assets of P2,200 and P3,600 in Peter and Senen’s books are written off.After five days Ethel was offered to join Peter and Senen and will contribute for a 20% interestin the firm. They also agreed to divide profits and losses in the ratio of 4:4:2…