Calculate the total assets shown in he Particulars OMR Particulars OMR Capital 200,000 Fixed deposit 15,000 Cash on hand 25,000 Furmiture 75,000 Cash with CBO 10,000 Loans 6,000 Investment in 150,000 Bills purchased and 13,000 government discounted securities Statutory reserve 15,000 Exchange and 2,250 commission otal Assets
Q: Debits Credits Cash 261,400 Taxes Receivable – Current 888,500 62,000 325,700 15,900 Estimated…
A: Working Note: 1. Budgetary fund balance A/c = Appropriation A/c - To Estimated Revenue A/c =…
Q: Net fixed assets" 403,000 Land 49,440 49,600 Total assets 618,000 620,000 30,900 24,800 Notes…
A: Cash flows statement is one of the financial statement for the business. This shows all cash inflows…
Q: Cash 0% Government Securities 0% Deposits at domestic banks 20% Residential Real Estate Loans 50%…
A: Given,…
Q: What total amount should be reported as noncurrent investments at the end of the reporting period?
A: Investment properties are not subject to depreciation & shall be recorded at fair market value…
Q: Liabilities OMR Assets OMR Equity share capital Accounts Payable Reserves and surplus Bills payable…
A: Net income = OMR 113,950 (as calculated below) Shareholders equity = OMR 27,800 (given)
Q: In an economy, it has the following monetary asset information as of December 2019. Cash in the…
A: Meaning Of M1 and M2 :- M1 money supply includes coins and currency in circulation—the coins and…
Q: State the effect (cash receipt or payment and amount) of each of the following transactions,…
A: Cash receipts are the cash inflows in the company and cash payments are the cash outflows of the…
Q: Give a brief report on the financial position of the company based on the above figures.
A: Financial Statement - Financial statements include information about the financial activity and…
Q: Surcharges 30,000.00 170,000.00 Interest from Loans Filling Fee 12,000.00 38,000.00 6,000.00 Service…
A: Claculation for surplus are as follows
Q: Empathy State Bank Assets Vault Cash Deposits at the Federal Reserve Loans Reference: Ref 12-1 This…
A: Disclaimer: "Since you have asked multiple questions, we will solve the first question for you. If…
Q: Calculate the source of funds from the given information Particulars OMR Particulars OMR Share…
A: The Source of funds is the different ways that lead to the inflow of funds into the business. It…
Q: Assets Liabilities and Equity Reserves $20,000 Deposits S100,000 Loans 95,000 Debt 30,000 Securities…
A: Currency in circulation = $40000 Checkable deposits = $100000 Bank reserves = $20000
Q: Payables Drawings Delivery vehicles Land and Buildings Capital Receivables 65000 15000 100000 350000…
A: Current assets are those assets which can be realised or converted into cash within one year or one…
Q: (C) The following information were gathered relating to the financing and construction of the…
A: Avg carryigng value of equipment is calculated by multiplying the no. months that expenses is put in…
Q: Using the Balance Sheet in the St. Johns County, Florida 2015 CAFR calculate the following ratios…
A: Current Ratio = Current Assets / Current LiabilitiesNet working capital = Current Assets - Current…
Q: termine whether each of the following accounts is an asset or a liability to XYZ nk. b.a) Cash held…
A: Assets provide future economic benefits such as cash, bonds ( investments), and home loans.…
Q: Based on SME’s financial statements, what is its current ratio? [Calculate to 2 decimal points…
A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Bank A Bank B 750,000 Total assets Total loans 950,000 8,000 18,500 Total reserves 40,000 8,000…
A: Formula of return on equity: Return on Equity=Net IncomeTotal Equity Formula of return on assets:…
Q: 3. The financial statements for MIB Bank are shown below: Balance Sheet Assets Liabilities and…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: . Using the Balance Sheet in the St. Johns County, Florida 2015 CAFR calculate the following ratios…
A: Before we get into the numbers, let's revist some of the concepts and our observations:Current Ratio…
Q: Assets Liabilities Cash 55,000 Demand deposits 207,000 Fed Funds…
A: Interest Rate Sensitive Liabilities: The interest rate-sensitive liabilities are those liabilities…
Q: Financial assets Twilight Co. has the following assets on Dec. 31, 20x1: Petty cash fund Cash in…
A: Financial assets: These often includes all the assets that are of non-physical nature and are…
Q: The following data pertains to Camacho Company on December 31, 2020 Cash (including bond sinking…
A: Account receivable is referred as an asset account on the balance sheet of the company which…
Q: Cash and cash equivalents, Jan. 1, 2021 1,000,000 Transactions during the year. Matured time…
A: Balance of cash and cash equivalents at December 31, 2021 = Cash and cash equivalent Jan 1, 2021 +…
Q: 31 December 2020 and 31 December 2021: 2020 (RM) 2021 (RM) ASSETS: Freehold land 477,000 212,000…
A: Statement of cash flow is prepared to see the flow of cash in the company. It serves as cash book…
Q: Banking System Bank of Canada A B. Assets Assets Reserves Securities Securities Advances to Banks…
A: Reserve Ratio = 10% Bank of Canada redeposit =$2B of the government of Canada funds. Existing…
Q: Assets Liabilities and Equity Reserves $5,000 Demand deposits…
A: Dear student as per Bartleby answering guideline, we can answer only three sub-parts if a question…
Q: (a) Prepare a revised statement of financial position using the available information. Assume that…
A: Solution:- Given, Swifty Corp. has decided to expand its operations and given statement of financial…
Q: How much is the Net cash paid by the Government? Sale on Account to Government (VAT Inc) 672,000.00…
A: VAT is one of the indirect tax being imposed by the government on sale of goods. Business needs to…
Q: The following trial balance is taken from the General Fund of the City of Jennings for the year…
A:
Q: Katie Wright’s banker has asked her to submit a personal balance sheet as of June 30, 2020, in…
A: 1. Determination of balance sheet Katie Wright's Balance sheet Ended June 30, 2020 Assets $…
Q: Balance sheet ($ in millions) ASSETS Cash & Marketable Securities 449.90 Accounts…
A: Ratio Analysis: Ratio Analysis is a mathematical comparison of financial statement accounts. It…
Q: Calculate the Levered Cash on Cash Return. The property's assessed value at the time of purchase was…
A: Levered Cash: It is the amount that is left with the company after all the financial obligations…
Q: From the following compute (a) Current Ratio (b) Quick Ratio S.No. Items Amount S.No. Items Amount 1…
A: The given problem Contains two subparts.we have to calculate Current Ratio and Quick Ratio. We will…
Q: Balance Sheet (thousands of pesos Uruguayo, $U) Assets Liabilities and Net Worth Cash ŞU80,000…
A: The current rate method is an important method in terms of Forex as it is a procedure of foreign…
Q: Assets Liabilities Cash 55,000 Demand deposits 207,000 Fed Funds 192,500 Savings Accounts 362,200…
A: The interest sensitivity ratio for banks or financial institutions is the ratio of…
Q: Calculate bank’s ratio of Tier 1 capital to risk-weighted-assets and total capital to…
A: Basel 1 risk weights of on-balance-sheet assets Asset/Loan Amount ($) Risk weight (%)…
Q: Cash Receivable Inventories Plant& Equipment P25,000 Accounts Payable 25,000 Loan Payable to Allan…
A: Partnership: In the absence of partnership deed if profit and loss ratio is not given then the…
Q: Assume that the following asset values (in millions of dollars) exist in Iror Category Value…
A: The Federal Reserve System is a central bank for the USA, The responsibilities of the central bank…
Q: Cash $38,100; Short-term investments $4,100; Accounts receivable $48,500; Supplies $6,100; Long-term…
A: Notes to Account Note no. Particulars Amount 1. Tangible Assets Equipment $96,500…
Q: The total amount to be reported as cash and cash equivalent is;
A: cash and cash equivalents include cash , time certificate deposit , cash restricted for bonds…
Q: Gia Company has the fTollowing ihförma ion avallable. Cash pledged as collateral U.S. Treasury bill…
A: Cash and cash equivalent are cash and other liquid financial instruments that are convertible to…
Q: Using the given, compute the cash conversion cycle of the entity. Use 360 days in a year…
A: Cash conversion cycle is the amount of time that will take to convert raw material into cash means…
Q: Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventories Other Total…
A: Formula: Average Total Assets = ( 20x1 assets value + 20x2 assets value ) / 2
Q: Assume that the following banks have the same net amount of 2 million, but they are different due to…
A: A bank refers to a financial institution that is acts as a mediator in between the lenders and…
Q: Bonds with a face value of $450,000 are issued at 105. The statement of cash flows wouldreport a…
A: The question is multiple choice question. Required Choose the Correct Option.
Step by step
Solved in 2 steps
- 1. SaKanya Company provided the following information on December 31, 2020: Cash in Bank (net of bank overdraft of P500,000) P5,000,000, Petty cash fund (unreplenished PCF P10,000) 50,000, Notes Receivable P4,000,000. Accounts receivable (net of customers credit balance of P1,500,000) P6,000,000, Inventory P3,000,000, Bond Sinking fund P3,000,000, Total current assets P21,050,000. Accounts payable (net of suppliers debit balances of P1,000,000) P7,000,000, Notes payable P4,000,000, Bonds payable due June 20, 2021 P3,000,000, Accrued expenses P2,000,000. Total current liabilities P16,000,000. What amount should be reported as total current liabilities on December 31, 2020?Let us assume that a bank acquired reserves and deposits equal to ₱1,000 with a required reserve of 10% as imposed by the central bank. Solve for the amount of money that the bank can lend, given the reserves that are legally required to support the ₱ 1,000 deposit and the money multiplierSuppose that Bank of America sells $10 million in Treasury bills to PNC Bank. Use T-accounts to show the effect of this transaction on the balance sheet of each bank Bank of America Assets Liabilities Reserves Securities PNC Bank Liabilities Reserves Securities
- For the purpose of stating the working capital of WWE Inc. on December 31,2021, the following data are submitted: Cash in bank, net of bank overdraft of P500,000 P5,000,000 Petty cash (unreplenished petty cash expenses, P10,000) 50,000 Notes receivable 4,000,000 Accounts receivable, net of accounts with credit balances of P1.5M 6,000,000 Inventory 3,500,000 Bond sinking fund 3,000,000 Total current assets P21,550,000 Accounts payable, net of…Show the Bank’s balance sheet if the Bank purchases liabilities to offset a net deposit drain of $10 million (required reserves ratio 7%): Assets :Cash $10Traiding portfolio $15Loans $50Investment portfolio $25Liabilities and Equitites:Deposits $68Interbank loans $20Equity $12A Company provided the following account balances on December 31, 2021: Financial assets at FVTOCI 300,000 Cash in bank (net of bank overdraft of P100,000) 500,000 Petty cash fund 40,000 Inventory (including inventory out on consignment amounting P50,000) 200,000 Financial assets at amortized cost/held to maturity 600,000 Accounts receivable 2,100,000 Undeposited collections (including P10,000 customer’s check return, DAIF) 100,000 Allowance for uncollectible accounts 200,000 Trade installment accounts receivable, including P60,000 due after a year 145,000 Cash surrender value of life insurance 50,000 Prepaid expenses 200,000 Equipment and furniture 1,300,000 Accumulated depreciation 700,000 Patent 300,000 Accumulated amortization 20,000 [Q2]: Determine total amount of (5) current assets and (6) non-current assets on December 31, 2021.
- Use the following information that was drawn from the books of Ralesego as on 31December 2020 to draw the bank reconciliation statement. Details Amount ‘Pulas’Cash at bank as per cashbook bankcolumn 2,910Unpresented Cheques 730 Bank lodgments 560Credit transfers appearing in the bank 340statement but not entered in the cashbookCash balance as per bank statement 3,420On 30 September 2022, Piston Limited had a balance in its ‘Cash in Bank’ general ledger account of $13,034.30 debit. The bank statement from ANZ bank on that date showed a credit balance of $19,495.00. A comparison of the September 2022 bank statement with the ‘Cash in Bank’ general ledger account and the bank reconciliation for August 2022 revealed the following facts (ignore GST): Ref: (1) Electronic Funds Transfers (EFTs), totalling $1,770.10, from the August 2022 bank reconciliation has still not been presented to the bank. (2) Cash sales of $2,945 on 20 September 2022 were deposited in the bank. The general journal entry was incorrectly recorded as $2,954. Piston Limited’s bank statement showed the correct amount of $2,945 was recorded. (3) From the review of the September 2022 cash journals, it was established that outstanding EFTs totalled $3,567.10, and outstanding deposits were $1,190.40. (4) On 24 September 2022 Piston Limited made a payment (EFT…On December 31, 2022, the cash account of AA Company shows the following composition: Petty cash fund, P180,000; Cash in bank (payroll fund). P2,000,000, Interest and dividend fund, P250,000; Tax fund, P120,000; Cash in bank (current account). P3,000,000; Certificate of deposit (terms 90 days), P1,000,000; Certificate of deposit (terms 180 days). P1.500,000; Cash in foreign bank-restricted, P500.000; Money market fund, (60 days), P500,000; Money market funds (6 months), P900,000; Customer's check dated February 15, 2021, P60,000: Customer's check dated December 30, 2020 returned for lack of funds, P40,000: A 30-day BSP treasury bill, P1,000,000; A 3-year BSP treasury bill acquired three months prior to maturity, P1 200,000; Sinking fund cash, P800,000,Contingent fund, P900,000 Fund for the acquisition of fixed asset, P500,000, Travelers checks, P60,000, and Cashiers' checks, What is the correct cash and cash equivalents balance to be reported by AA Company on P100,000. December…
- Blue Corporation requires a P150,000minimum cash balance on its:checkingaccount. Based on the control limit model, itsspread should be P120,000. If as of the end ofthe day, the cash balance is P30,000, it shouldinfuse cash or (invest in marketablesecurities) amounting to : a. 160,000b. 190,000c. 240,000d. 120,000The following information was taken from the books of Zia Traders on 30 June2019: 1. The items appearing on the bank reconciliation statement of Zia Traders asat 31 May 2019.Details Amount(R)Balance as per bank statement (unfavourable) 25 400Outstanding deposit 5 700Outstanding cheques: CHQ116 1 430CHQ135 2 780Correction of incorrect cheque (see note 2.5 below) 570Balance as per bank account ?2. A comparison of the cashbooks for June, the above bank reconciliationstatement and the bank statement for June showed the following:2.1 Provisional totals in the cashbooks on 30 June: Cashbook Receipts R 113 200 Cashbook Payments R 96 0002.2 The outstanding deposit at the end of May for R5 700 appeared onthe bank statement on 5 June 2019.2.3 Cheque number CHQ135 appeared on the bank statement on 7 June for R3 100. An investigation revealed that the bankstatement amount was correct.2.4 Cheque number CHQ116 still did not appear on the bank statementfor June 2019. The cheque was originally…The following information was taken from the books of Zia Traders on 30 June2019:1. The items appearing on the bank reconciliation statement of Zia Traders asat 31 May 2019.Details Amount(R)Balance as per bank statement (unfavourable) 25 400Outstanding deposit 5 700Outstanding cheques: CHQ116 1 430CHQ135 2 780Correction of incorrect cheque (see note 2.5 below) 570Balance as per bank account ?2. A comparison of the cashbooks for June, the above bank reconciliationstatement and the bank statement for June showed the following:2.1 Provisional totals in the cashbooks on 30 June: Cashbook Receipts R 113 200 Cashbook Payments R 96 0002.2 The outstanding deposit at the end of May for R5 700 appeared onthe bank statement on 5 June 2019.2.3 Cheque number CHQ135 appeared on the bank statement on 7 June for R3 100. An investigation revealed that the bankstatement amount was correct.2.4 Cheque number CHQ116 still did not appear on the bank statementfor June 2019. The cheque was originally…