Compute Current Ratio and Quick Ratio. If Cash is ? 1.50 Lakhs, ST Investments are 2.50 Lakhs, Bank is { 8.50 Lakhs, Debtors is 5.50 Lakhs, Creditors is 3.50 Lakhs, Outstanding Expenses are 2.50 Lakhs, Bills Reveivables are 5.50 Lakhs, Stock is 7 8.00 Lakhs and Bills Payables are 6.50 Lakhs.
Q: A 1200 hectare forest currently has 900 hectares of old growth timber with a volume of 2100 cubic me...
A: Transition Period- The transition (sometimes called the functioning period) will end on 31 December ...
Q: independent parties and sent to the client. ___ 2. Proceeding forward through the accounting and con...
A: Audit is an independent examination of records wether profit oriented or not , with a view to expr...
Q: A building acquired at the beginning of the year at a cost of $104,000 has an estimated residual val...
A: Accounting defines depreciation as the systematic reduction of a fixed asset's reported cost until t...
Q: Prepare a journal entry to record the purchase.
A: The cost of land purchased would be split between intangible assets of surface rights and mineral ri...
Q: Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The ...
A: Breakeven point in terms of amounts is equal to the amount which must be sold to cover the fixed cos...
Q: 122) A company sells two products-J and K. The sales mix is expected to be $3 of sales of Product K ...
A:
Q: The following information pertains to YZ Company's CVP relationships: Breakeven point 200 units, var...
A: Solution Formula used Contribution margin = sales – variable cost Breakeven point in unit ...
Q: 3.a. AG Pharma has taken deposits from the public under the name Public Deposit, for a duration of 5...
A: Public deposits means the unsecured amount of money invited through companies from public mainly for...
Q: Journal Posting to Ledger and Trial Balance Preparation I'll upvote if its complete
A: Journal means the book of prime entry where all entries are recorded in different pages. Ledger mean...
Q: nd want to begin te e. ke the decision as
A: 1) pay rate as, =amount of money workers is paid per hour or week work in week =20 hours get paid pe...
Q: ABC Company has sales of $500,000, COGS of $250,000, operating expenses of $200,000, net income of $...
A:
Q: On January 1, 200A, ABC Company sells to XYZ, a used transportation equipment, which was acquired at...
A: Face value of note = P450,000 Interest amount = P450,000 x 11% = P49,500 Market rate of interest = 1...
Q: Operating expenses on the income statement for financial reporting included $10,000 of advertising c...
A: calculation of variable advertising cost per unit are as follows
Q: Based on their budget, Bryce and Sylvia have determined they can afford up to $2,500 per month for t...
A: Private mortgage insurance (PMI) is the insurance payable on the balance of the loan per year. At fi...
Q: You are working for a venture capitalist (VC). The VC is interested in acquiring a one-third stake i...
A: Venture capitalist refers to when the capital is invested in a project and there is a substantial el...
Q: If the incremental cost of producing an item in the short run is less than the outsourcing price, th...
A: Outsourcing price is the price paid to someone else for making a product whereas in house cost is th...
Q: Lin Corporation has a single product whose selling price is $136 per unit and whose variable expense...
A: Formula: Contribution margin = Sales price - variable cost
Q: Question One Njenge Bank has the following balance sheet (in millions) with the risk weights in pare...
A: As per Bartleby policy, only the first three interlinked parts are answered of the first question. I...
Q: m to sign an agreem
A: To find the correct option as,
Q: The directors of Transport Ltd produced the following Statement of profit or loss account for 2017 a...
A: GIVEN Statement of Profit or Loss Account for the year ended 31st December 2017 Revenue 320,...
Q: ompany has liabilities of $15,500 and $20,200 of owners' equity at the year end
A: Accounting equation (AE) is the equation which forms the basic of accounting and this equation helps...
Q: Question 6 of 8 -/ 40 E Prepare the journal entries to be made by Sheridan Inc. at August 31. (Cred...
A: There are two type of cash balances exists in the business books. One is cash balance as per cashboo...
Q: Based on the following information, which of the following is closest to days' sales outstanding? •R...
A: Since opening accounts receivable is not given , we cannot calculate average accounts receivable , t...
Q: . Evans Company produces stuffed toy animals; one of these is Randy the Reindeer. Each reindeer take...
A: Calculation of Budgeted Direct Labor cost for October Budgeted direct labor cost for October = Numbe...
Q: Process Cost Journal Entries In October, the cost of materials transferred into the Rolling Departme...
A: GIVEN In October, the cost of materials transferred into the Rolling Department from the Casting D...
Q: Sun 8 Ski Corporation is the producer ofa ski goggle. Next period's budget data appear below. Sellin...
A: Margin of safety = Total no. of units sold - Break-even sales units where, Break-even sales units = ...
Q: SUKON Company acquired equity securities at the beginning of 2020. SUKON Company provided you the fo...
A: Carrying value of the investment on December 31, 2021 = Number of shares on December 31, 2021 x Fair...
Q: a. Using the DuPont formula for return on investment, determine the profit margin, investment turnov...
A: The rate of return on investment is calculated as product of profit margin and investment turnover. ...
Q: 2. A gift store reported the following records for its operation during the month of February. @Cost...
A: Closing Inventory is the stock at the end of the closing period held by the entity. Markup percent i...
Q: An engineer bought a car worth Php 662192. He paid a immediate downpayment of Php 15165 a remaining ...
A: Formula: PMT = PV x i(1+I)^n/(1+I)^n - 1 Where, PV = Loan amount = 662192 - 15165= 647027 i= interes...
Q: Dallas and Weiss formed a partnership to manage rental properties, by investing $164,000 and $246,00...
A: The sharing of profit and loss in accordance with the profit and loss sharing ratio.it completely de...
Q: Given the following data for Calandrucci Company, calculate the cost of gocds manufactured: In $'s D...
A: Formula: Cost of goods manufactured = Direct materials + Direct labor + Manufacturing overhead + Beg...
Q: Resgan Corporation is a wholesale distributor of truck replacement parts. Initial amounts taken from...
A: The adjustment to the initial amount schedule is given as, Inventory($) Account payable($) sa...
Q: Africa Traders is in the business of selling computer equipment. On 8 October 2020, Africa Traders s...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: t but now is having cash flow issues and decided not to wait any longer for market conditions to imp...
A: Since the land was purchased in 2009 and sold in 2021, therefore the loss will be long term capital ...
Q: The balance sheet for the Litex Corporation on December 31, 2004, includes the following receivables...
A: You have posted multiple questions. As per Bartleby policy, only the first three interlinked parts a...
Q: I - PROBLEM SOLVING: Eugene and Alfred are partners in their Ghost Fighting business. Alfred is the ...
A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for y...
Q: On 1 February 2022, Linda established Linda Consulting. She contributed office equipment worth $20,0...
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is recor...
Q: a. Calculate each partner's share of net income for the period. b. What would be the effects, if any...
A: Partnership is the business which has been started and established by the partners to start the comm...
Q: D. Evans Company produces stuffed toy animals; one of these is Randy the Reindeer. Each reindeer tak...
A: The budget is prepared to estimate the requirements for the future period.
Q: How much is the cost of goods sold on January 8? 2.
A: The accounts receivable is the amount of goods sold on credit for which cash is yet not received fro...
Q: In divisional income statements prepared for LeFevre Company, the Payroll Department costs are charg...
A: Cost allocation refers to the process where the cost incurred by a service department is distributed...
Q: On January 1, 2020, Sage Company purchased $270,000, 6% bonds of Aguirre Co. for $248,099. The bonds...
A: The procedure of recording business transactions for the first time in the books of accounts is know...
Q: Question 7 of 8 -/ 30 E Prepare an aging schedule to determine the total estimated uncollectibles ac...
A: Allowance for doubtful accounts is an estimate for the accounts receivables that might not be receiv...
Q: Provide the pros and cons of Sarbanes –Oxley Act (SOX).
A: Pros of Sarbanes Oxley Act 1. Crucial information cannot be witheld from customers By requiring that...
Q: On January 1, 200A, ABC rendered services to XYZ at a price of P450,000. ABC received P500,000 5-yea...
A: If the notes receivable have a life of less than a year, they are normally listed in the current ass...
Q: (a) A car manufacturing company purchased an asset for welding and put it into service. Its initial ...
A: Solution Working note Under straight line method Annual depreciation =cost – residual value / ...
Q: PART 1 Exclusive Souvenirs Hut does customize, hand-crafted memorabilia for hotels, in which each ba...
A: GIVEN Exclusive Souvenirs Hut does customize, hand-crafted memorabilia for hotels, in which each...
Q: Keri & Nick Consulting’s partners’ equity accounts reflected the following balances on August 31, 20...
A: The sharing of profit and loss in accordance with the profit and loss sharing ratio.it completely de...
Q: Morgan Company issues 10%, 20-year bonds with a par value of $820,000 that pay interest semiannually...
A: Given, Face value = $820,000 Coupon rate = 10%/2 Coupon rate = 5%
Step by step
Solved in 3 steps
- Janah Company has P20,000 in cash, P8,000 in marketable securities, P36,000 in current receivables, P18,000 in inventories, and P68,000 in current liabilities. Janah’s quick ratio is closest to * Choices: 1.88. 1.21. .41. .94.A firm has an ROE of 4.4%, a debt-to-equity ratio of 0.7, and a tax rate of 35% and pays an interest rate of 5% on its debt. What is its operating ROA (round to 2 decimal places)? ROA ?%Toby’s has a profit margin of 8.6 percent, a return on assets of 14.5 percent, and a debt to equity ratio of 1.4. What is the return on equity?
- Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for 20X3 it as follows (amounts in millions): Required: Next Level Compute the following for 20X3. Provide a brief description of what each ratio reveals about McCormick 1. return on common equity 2. debt-to-assets 3. debt-toequity 4. current 5. quick (McCormick uses cash and equivalents, short-term securities and receivables in their quick ratio calculation.) 6. inventory turnover days 7. accounts receivable turnover days 8. accounts payable turnover days 9. operating cycle (in days) 10. total asset turnover Use the following information for 14-17 and 14-18: The Hershey Company is one of the worlds leading producers of chocolates, candies, and confections. It sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hersheys consolidated balance sheets for 20X2 and 20X3 follow.In the following balance sheet, estimate the impact on the economic value of equity (EVE). If interest rates of assets fall by 1% and deposit rates increase by 1%. EVE=$( )Loan A(8%, 3 year)= $150 Deposit A(5%, 2 years)=$250 Loan B(11%, 4 years)= $200 Deposit B(7%, 3 year)= $100Total Assets = $350 Total Liabilities = $350 a. 16.44 b. 17.44 c. 18.44 d. 19.44Use the following information about IGI security dealer. Market yields are in parenthesis, and amounts are in millions. Assets Liabilities and Equity Cash $10 Overnight Repos $170 1 month T-bills (7.05%) 75 Subordinated debt 3 month T-bills (7.25%) 75 7-year fixed rate (8.55% 150 2 year T-notes (7.50%) 50 8 year T-notes (8.96%) 100 5 year munis (floating rate) (8.20% reset every 6 months) 25 Equity 15…
- Gates Appliances has a return-on-assets (investment) ratio of 20 percent. a. If the debt-to-total-assets ratio is 25 percent, what is the return on equity? (Input your answer as a percent rounded to 2 decima) places.) b. If the firm had no debt, what would the return-on-equity ratio be? (Input your answer as a percent rounded to 2 decimal places.)A firm's current ratio is 1.7, and its quick ratio is 1.0. If its current liabilities are $11,500, what are its inventories?The Maurer Company has a long-term debt ratio of .20 and a current ratio of 1.60. Current liabilities are $980, sales are $5,155, profit margin is 9.40 percent, and ROE is 17.00 percent. What is the amount of the firm's net fixed assets?
- For a firm, EBIT is Rs 1 lakh, 10 percent bonds are for Rs 3 lakh and overall cost of capital is 12.5%. What will be the value of equity a. Rs 5 lakh b. Rs 8 lakh c. Rs 3 lakh d. Rs 6 lakhIn the following balance sheet, estimate the impact on the economic value of equity (EVE). If interest rates of assets fall by 1% and deposit rates increase by 1%. EVE=$( ) Loan A (8%, 3 year) = $150 Deposit A (5%, 2 years) =$250 Loan B (11%, 4 years) = $200 Deposit B (7%, 3 year) = $100 Total Assets = $350 Total Liabilities = $350 16.44 17.44 18.44 19.44Nienge Bank has the following balance sheet (in millions) with the risk weights in parentheses.AssetsCashOECD Interbank depositsK3Mortgage loansConsumer loansTotal Assets(0%) K20(20%) K25liabilities and EquityDepositsSubordinated debt (2.5 years)K175(50%) K70(100% K70K185Cumulative preferred stockEquityTotal Liabilities & EquityK5K2K185In addition, the bank has K30 million in performance-related standby letters of credit(SLCs), and K300 million in six-year interest rate swaps. Credit conversion factors follow:Performance-related standby LCs50%1-5 year foreign exchange contracts5%1-5 year interest rate swaps0.5%5-10 year interest rate swaps1.5%d.Discuss the major shortcomings of the Basle I accord.
