Calculate the amount of increase or decrease and the percent change of each title (round to nearest hundredth percent): 2017 2016 Amount Percent Cash $ 15,000 $ 6,000 $ 9,000 % Land 2$ 39,000 18,500 $ 20,500 % Accounts payable 12,000 $ 4,000 $ 8,000 %
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Calculate the amount of increase or decrease and the percent change of each title (round to nearest hundredth percent):
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- : Answers the days of Working capital based on the information below: 2020 2021 Profit of the year $126,000 $175,000 Depreciation/Amortization 25,000 35,000 Trade receivables 260,000 285,000 Inventories 350,000 390,000 Trade and other payables 290,000 310,000 Revenue 1,800,000 2,100,000how did you get these numbers ? Year 2022: Weighted-Average accumulated expenditure Date Amount Capitalization period Weighted Average Accumulated Expenditures 1-Jan-22 $8,100,000 9/9 $8,100,000 31-Jan-22 $450,000 8/9 $400,000 30-Apr-22 $783,000 5/9 $435,000 31-Aug-22 $1,080,000 1/9 $120,000 Total $10,413,000 $9,055,000How much is the gross profit realized in 2019? A. P1,600,000 B. P1,350,000 C. P500,000 D. P250,000
- 1. The balance sheets at the end of each of the first two years of operations indicate the following:20172016Total current assets$600,000$560,000Total investments60,00040,000Total property, plant, and equipment900,000700,000Total current liabilities125,00080,000Total long-term liabilities350,000250,000Preferred 9% stock, $100 par100,000100,000Common stock, $10 par600,000600,000Paid-in capital in excess of par--common stock60,00060,000Retained earnings325,000210,000Based on the above information, if net income is $130,000 and interest expense is $40,000 for 2017, and the market price is $40, what is the price-earnings ratio on common stock (round to one decimal place)?a. 14.9b. 19.8c. 17.3d. 18.4In 2018 an asset was purchased for $2,000,000. Initial Allowance (I.A) Rate was 20%. Annual Allowance (A.A) Rate was 10%. The asset was sold in 2020 for $1,000,000. Capital allowance is on the reducing balance basis. The balancing adjustment is: a. $200,000 b. $260,000 c. $740,000 d. $134,000Interest earned during the year will be: a. OMR 73,200,000 b. OMR 132,600,000 c. OMR 127,200,000 d. OMR 48,800,000 Non-interest incomes will be: a. OMR 2,800,000 b. OMR 2,400,000 c. OMR 4,400,000 d. OMR 4,200,000
- Nellie Company provided the following information at the end of each year: 2020 2019Borrowings 2,500,000 800,000Share capital 3,500,000 2,000,000Retained earnings. 950,000. 750,000 Borrowings of 300,000 were paid during 2020 and a new borrowing include P200,000 vendor financing arising on the acquisition of property.The movement in retained earnings comprised profit for 2020 of 900,000 and 700,000 net of cash dividend paid to the shareholders. The movement in share capital arose from issuance of share capital for cash during the year. What is the amount of net cash provided or used by financing activities?_________1. On 2020, an entity made cash sales of ₱3,000,000. It paid ₱1,000,000 in expenses and owed ₱300,000 for services it received in 2020 but payable in 2021. What is the profit for 2020? A. ₱1,200,000B. ₱1,700,000C. ₱2,000,000D. None of the above _________2. Calculate for the profit given the data below: Sales ₱2,000,000Prepaid Rent Expense (2 months advance payment) 50,000Cost of Sales 400,000Operating Expenses 300,000Admin Expenses 100,000A. ₱1,150,000B. ₱1,200,000C. ₱1,250,000D. None of the above _________3. Which of the following is an expense? A. Interest paid on loanB. Withdrawal of cash made by the ownerC. Payment received for service rendered to customerD. Repayment of principal amount of a loan _________4. How…If you are told that LSJ Company’s net income (12/31/2023) was $1,000,000 and net income (12/31/2022) was $500,000 …Applying your horizontal analysis tools and calculate the net increase in dollars and in a percentage year over year:
- Whatiseachofthefollowinginvestmentsworthtodayassuminganannualdiscountrateof 7%? 1.(a) A3-yearmaturity“B”ratedcorporatebondwith4%annualinterestpaymentsanda principal value of £1,000Comparative Balance Sheet December 31 2020 2019 Assets Cash $44,000 $28,000 Accounts receivable A 32,000 Inventories B 70,000 Prepaid rent 2,500 2,000 Property, plant, and equipment 224,000 200,000 Accumulated depreciation (55,000) (40,000) Total assets $341,500 $292,000 Liabilities and Shareholders’ Equity Accounts payable $38,000 $34,000 Accrued liabilities 10,000 12,000 Notes payable 130,000 150,0 Contributed capital 50,000 25,000 Retained earnings 113,500 71,000 Total liabilities and shareholders’ equity $341,500 $292,000 Income Statement Year Ended December 31, 2020 Sales $477,500 Expenses Cost of goods sold $290,000 Selling, general, and administrative expenses 94,000 Depreciation expense C Interest expense 9,000 Income taxes D 425,000 Net income $52,500…Goodwill of a firm is to be valued at two years' purchase of three years' average profits. The profits of the last three years were: 2015—OMR 30,000, 2016—OMR 40,000 & 2017—OMR 35,000. Calculate the amount of goodwill.