P1,600,000. How much is
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A: Revenue = 130,000 Expenses = 32000 Depreciation = 12000 Tax Rate = 23%
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A: Gemini Sold an asset acquired in 2019 in 2020, to calculate whether it is in profit or loss.
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A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
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A: Cash flow from financing activities include the cash paid or received from the financing activities…
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A: In accounting total assets are always equal to toal…
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A: When one company acquires or buys shares of the other company the parent company has to record all…
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A: Formula used: Operating cash flow = Net income + Depreciation. Sum of both net income and…
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A: Let number of units produced per year be Q. Variable Cost Per Hour as,
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A: The answer is $22000
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A: Gross profit is calculated as difference between sales and cost of goods sold. Gross profit = Sales…
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A: Formula: Balance of payment method: Current Account= Capital Account+ Financial Account
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A: Formula: Gross profit = sales revenue - cost of goods sold
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A: Retained earnings: The retained earnings contain the net income that is retained after distributing…
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A: Net profit = Total sales - Total expenses
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A: Working note:
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A: Depreciation is the amortization of a company's assets over its useful life which shows as a…
Q: 00; its capital expenditures were $95,000
A: Free income (FCF) addresses the money an organization produces subsequent to representing cash…
Q: a. $40,000
A: Internal rate of return refers to the method of financial analysis for computing the profitability…
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A: The individual profit at the branch is not equal to its true profit. Their difference is equals to…
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A: Annual Revenue = 130,000 Expenses = 32,000 Depreciation = 15,000
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A: Given: Net profit = Gross profit x 25%
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A:
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A: Current asset are include those cash equivalent, stock, inventory and other liquid asset
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A: Basic Concept of Accounting Deferred Charges
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A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
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A: a)The effect of the scholarship on Sally's gross income is given as,
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A: Earnings before tax(EBT) measures a companies profitability before income taxes are factored.
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A: We can get Net Profit by preparing Branch Account. Given: Sales…
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Q: P 325,000 P380 Louie Floyd 117,000 25,000 12,000 15,000 10,000 105 30 8 7 18 Personal…
A: The answer is stated below: Note: Answering the first question as there are multiple…
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Q: $26,000.
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A: Present Value = Future Value x 11+rn where r= Rate of Interest n= Tenure of loan
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- the retained earnings on a balane sheet are $80,000. Without seeing the rest of hte balance sheet, can you conclue that stockholders shoudl be able to receive a divident in the amount of $80,000 cash from the business? Justify your answerOn January 1,2018, Western Motors paid $450 million for a 40% investment in Yaza Motors. Yaza earned netincome of $65 million and declared and paid cash dividends of $45 million during 2018.1. What method should Western Motors use to account for the investment in Yaza? Give yourreason.2. Journalize these three transactions on the books of Western Motors. Show all amounts inmillions of dollars (rounded to the closest million), and include an explanation for eachentry.3. Post to the Equity-Method Investment T-account. What is its balance after all the transactions are posted?The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed long-term debt of $6.5 million, and the 2018 balance sheet showed long-term debt of $6.4 million. The 2018 income statement showed an interest expense of $175,000. What was the firm’s cash flow to creditors during 2018? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
- Kamikazi Investment Limited had the following balances as at the end of September, 2022 Balances Debit (Dr) “000” Credit (Cr) Plant and Machinery 160,000 Land 674,000 Depreciation on Plant and Machinery 16,000 Purchases(Adjusted) 400,000 Closing stock 150,000 Wages 120,000 Sales (Net) 1,000,000 Salaries 80,000 Bank overdraft 200,000 10% debentures (issued on 1st April, 2016) 100,000 Equity share capital 200,000 Preference share capital@6% 1000 100,000 1,600,000 1,600,000 Required: With reference to the above table and using the knowledge you have acquired in this module, explain the type of Financial reports you would produce at the end of the year stating the rationale for each.The December 31, 2015, balance sheet of Schism, Inc., showed long-term debt of $1,730,000, and the December 31, 2016, balance sheet showed long-term debt of $1,420,000. The 2016 income statement showed an interest expense of $97,000. What was the firm's cash flow to creditors during 2016? (A negative answer should be indicated by a minus sign. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)On July 1, 2021, the assets and liabilities of Lui Company are as follows: Cash, $96,000; Accounts Receivable, $75,800; Prepaid Rent, $12,000; Land, $318,000; Accounts Payable, $58,700; Mortgage Payable, $162,000. What is the amount of stockholders’ equity as ofbJuly 1, 2020? 722,500 281,100 296,100 assuming that 15,000 of dividends were paid 125,100
- Consider the following potential events that might have taken place at Global Conglomerateon December 30, 2018. For each one, indicate which line items in Global’s balance sheet wouldbe affected and by how much. Also indicate the change to Global’s book value of equity. (In allcases, ignore any tax consequences for simplicity.)a. Global used $20 million of its available cash to repay $20 million of its long-term debt.b. A warehouse fire destroyed $5 million worth of uninsured inventory.c. Global used $5 million in cash and $5 million in new long-term debt to purchase a $10 million building.d. A large customer owing $3 million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment.e. Global’s engineers discover a new manufacturing process that will cut the cost of its flagshipproduct by over 50%.f. A key competitor announces a radical new pricing policy that will drastically undercutGlobal’s prices.In December 2018, Apple had cash of $86.77 billion, current assets of $140.69 billion, and current liabilities of $108.31 billion. It also had inventories of $4.99 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard? a. What was Apple's current ratio? Apple's current ratio was _____. (Round to two decimal places.)In December 2018, Apple had cash of $86.43 billion, current assets of $140.49 billion, and current liabilities of $108.13 billion. It also had inventories of $4.99 billion. a. What was Apple's current ratio? b. What was Apple's quick ratio? c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard? a. What was Apple's current ratio? Apple's current ratio was enter your response here . (Round to two decimal places.) Part 2 b. What was Apple's quick ratio? Apple's quick ratio was enter your response here . (Round to two decimal places.) Part 3 c. In January 2019, Hewlett-Packard had a quick ratio of 0.55 and a current ratio of 0.78. What can you say about the asset liquidity of Apple relative to Hewlett-Packard? (Select the best choice below.) A. Apple's higher current and quick ratios demonstrate that it has much lower asset liquidity than does Hewlett-Packard. This…
- The current asset of Jackie Inc. comprises only of cash, accounts receivables, and inventory. The firm has a current ratio of 2, and a quick ratio of 1.8. The total liabilities of the company are P40,000 on which 50% is current. How much is the cash of Bulldogs Inc. if the accounts receivable balance shows a balance of P56,000?Consider the following potential events that might have occurred to Global on December 30, 2019. For each one, indicate which line items in Global's balance sheet would be affected and by how much. Also indicate the change to Global's book value of equity. a. Global used $19.2 million of its available cash to repay $19.2 million of its long-term debt. b. A warehouse fire destroyed $4.7 million worth of uninsured inventory. c. Global used $4.9 million in cash and $5.4 million in new long-term debt to purchase a $10.3 million building. d. A large customer owing $3.1 million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment. e. Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than 51%. f. A key competitor announces a radical new pricing policy that will drastically undercut Global's prices. c. Global used $4.9 million in cash and $5.4 million in new long-term…Consider the following potential events that might have occurred to Global on December 30, 2019. For each one, indicate which line items in Global's balance sheet would be affected and by how much. Also indicate the change to Global's book value of equity. a. Global used $19.2 million of its available cash to repay $19.2 million of its long-term debt. b. A warehouse fire destroyed $4.7 million worth of uninsured inventory. c. Global used $4.9 million in cash and $5.4 million in new long-term debt to purchase a $10.3 million building. d. A large customer owing $3.1 million for products it already received declared bankruptcy, leaving no possibility that Global would ever receive payment. e. Global's engineers discover a new manufacturing process that will cut the cost of its flagship product by more than 51%. f. A key competitor announces a radical new pricing policy that will drastically undercut Global's prices. Global used $19.2 million of its available cash to repay $19.2 million…