Please conduct a balance sheet for this them park.
Q: Present entries to record the selected transactions described below.
A: Given: Issue of the bond = $ 2,750,000 Bond rate = 8 % Carried value = $ 2,692,250
Q: can you help me fill out the balance sheet
A: Working:
Q: Classify the accounts as either an asset (A), liability (L), or equity (EQ) account. Land
A: Asset represents resource of the business. Liability represents obligation of the business to the…
Q: t Assets and Non-
A: The current assets are given as,
Q: Which of the following would be typically added to the Adjustments column on a worksheet? A.…
A:
Q: rcome Sement on the nohe payat henote cone
A: The balance sheet represents the financial position of the business on a particular date.
Q: Identify the following items and relate them to one of the financial elements Prompts Submitted…
A: Financial statement elements are the main kinds of line items contained within the statements. These…
Q: xplain what are contra asset accounts, where they are on shown on the financial statements and give…
A: Contra Asset: A contra asset is, well, a contra asset. All assets, in general, have a debit balance,…
Q: Le fol berio
A: Ledger or General Ledger is a secondary book of entry. From General…
Q: Match each account name to the financial statement section in which it would appear. Clear Al…
A: 1. ACCUMULATED DEPRECIATION - BUILDINGS AND LAND IMPROVEMENTS BOTH ARE RELATED TO FIXED ASSETS . 2.…
Q: erform the Reperformance or Recalculation procedures to check the mathematical accuracy of the…
A:
Q: Compute the following: (provide all the solutions) a. Total Permanent Current Assets b. Total…
A: Answers) Total Permanent Current Assets.. Cash::100000 Account receivable::300000 Inventory::250000…
Q: How much should be debited for the land account?
A: Land account should be debited with p5,000,000
Q: ubmit a picture that is related to Accountancy. Give three mathematical terms describing the…
A: Basic Accounting, needs to explain accounting concept with the help of picture
Q: Using two revenue and capital ledgers, explain how you will treat them in the trial balance
A: A trial balance is one of the intermediate steps in an accounting cycle. The first few steps in the…
Q: ch he will provide snowplowing for the en ter which of the following entries? (Check Check all that…
A: John Grey collects cash for snow plowing for $ 12,000. There is an inflow of cash . The cash is for…
Q: Distinguish between the cost of land and the cost of land improvements with example.
A: Land improvements means any type of alteration to the land to make it more usable. Land improvements…
Q: What is Land in the adjusted trial balance columns of worksheet? A. Income statement debit B.…
A: Trial balance is the summary of all general ledger account balances of the business. Adjusted trial…
Q: Instructions Identify each item by letter and list the items in columnar form, using the headings…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Using the attached financial statement footnote. Explain why the application of time value is…
A: Foot notes: Foot notes to the financial statement can be defined as the additional information…
Q: PRACTICE EXERCISE 3: EVALUATION: Use a separate paper to create a projected balance sheet worksheet…
A: Balance sheet: Balance sheet can be defined as one of the financial statements that records assets,…
Q: the building and journalize the purchase.
A: Definition: Property, plant, and equipment: These assets are long-lived economic resources which are…
Q: The five basic account types are: Asset Liability Owners Equity Revenue Expense What is the…
A: 1. Asset = Debit Balance 2. Liability = Credit Balance 3. Owners Equity = Credit Balance 4. Revenue…
Q: Prepare a corrected balance sheet.
A: The Balance Sheet of the Company represents the financial position of the company which shows the…
Q: What are the various current assets? Name them.
A: Current assets are assets which are expected to be realised or converted to cash within one year…
Q: What is return on assets (roa ) ?? please comment own word.
A: Ratio analysis is based on the fact that a single accounting figure by itself may not communicate…
Q: accounts available to meet the goals of monetary asset
A: SOLUTION:- Monetary asset (cash) management encompasses the way you take care of all your monetary…
Q: Determine the Total Assets value
A: Assets show the company's balance and the valuable resource controlled by the company. Assets can be…
Q: Create a Final Balance Sheet
A: A balance sheet is one of the financial statements of businesses. It shows all assets, liabilities,…
Q: hi please write down in details the calculations of this assignment thank you
A: Make or Buy Decision: The process of deciding whether to produce a product or service in-house or to…
Q: Tell me the current assets And non-current assets And current liabilities And non-current liablities…
A: Answer: Current assets are those assets which are expected to be realized within the period of 12…
Q: can you explain how to get the opening balances
A: Opening balances of the account is the balance of an account which it is having at the beginning of…
Q: 1. How many types of Transcation explain each with suitable example? 2. Define Capital Account and…
A: Accounting: It is the process of recording, classifying, summarizing all transactions of a business…
Q: Write note on current assets.
A: Assets: These are the resources owned and controlled by business and used to produce benefits for…
Q: Find Total Current Assets.
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…
Q: Submit a picture that is related to your field, Accountancy. Give three mathematical terms…
A: Answer:- Picture related to Accountancy:-
Q: Match each of the following accounts to its proper balance sheet classification. Accounts Balance…
A: Answer - A classified balance sheet is a financial statement with classifications like current…
Q: A. Work out the changes for the above transaction. Remember to include the opening capital. Record…
A:
Q: Classify each of the following accounts as either an asset (A), liability (L), or equity (EQ)…
A: Meaning of Assets Assets are the items which a company holds in the view that it provides some…
Q: Use the following question set for practice. For each transaction, tell whether the assets,…
A: Assets = Owner's Equity + Liabilities These are the possible cases: 1. Increase in an Asset and a…
Q: Determine the missing Land balance.
A: Accounting Equation: The accounting equation indicates that a company's total assets are equal to…
Q: how do you find assets
A: Assets: These are the resources owned and controlled by business and used to produce benefits for…
Q: invoice. Using the historical-cost principle, at which amount will Foster report the equipment on…
A: Historical cost principle: The historical cost principle is one of the basic principles of…
Q: List the steps you would take to create a balance sheet for a date other than the current system…
A: QuickBooks: It is an accounting software package to assist small and medium sized businesses in…
Q: Instructions: Enter the trail balance on a worksheet and complete it.
A: Trial balance: Trial balance is a summary of all the ledger accounts balances presented in a tabular…
Q: How is the account Land classified and what kind of balance should it have? Group of answer choices…
A: One of the golden rules of accounting is Real account, Real account rule is debit what comes in…
Q: A ___________________________is a detailed plan for acquiring and using financial and other…
A: Financial plan: It can be defined as the comprehensive evaluation and overview of the financials of…
Q: CREATE ONLY A BALANCE SHEET TO ANSWER THIS QUESTION. I WILL ASK YOU TO PRODUCE ADDITIONAL STATEMENTS…
A: The balance sheet is a report that outlines an entity's assets, liabilities, and equity as of a…
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- Problem Situation: MVM Corporation seeks to partner with another company by letting them use and sell our software platform as a service, white labeled, in exchange for a revenue share. Data Price per customer 40,000 Revenue share (to us) 40% Total new customers 3 in first year, then 25 in year 2, then 100 in year 3, then 175 in year 4. Support rep cost per account 2,000 Hosting cost per account 500 New office for whitelabel team (annual) 75,000 Overhead payroll for whitelabel team (annual) 600,000 Capex buildout of whitelabeling platform 750,000 Find: (1) Revenue (2) COGS (3) Gross Profit (4) Gross Profit margin (5) Operating expenses (6) Operating income Assumptions: (1) Taxes 35% (2) Useful life of CAPEX 4 years Important: Analyze the result and…Q5. Hemisphere, LLC is planning to outsource its 51-person information technology (IT) department to Dyonyx. Hemisphere’s president believes this move will allow access to cuttingedge technologies and skill sets that would be cost prohibitive to obtain on its own. If it is assumed that the loaded cost of an IT employee is $100,000 per year and that Hemisphere will save 25% of this cost through outsourcing, determine the present worth of the total savings for a 5-year contract at an interest rate of 6% per year, compounded monthly.Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows: Sales $8,200,000 Operating income $2,788,000 Total assets $3,280,000 Current liabilities $400,000 Required rate of return 14% Weighted average cost of capital 3% What is the Photocopier Division's residual income? Question 16 options: $459,200 $2,328,800 $3,247,200 $2,689,600
- Apple creates a franchise for the sale of a particular product. Apple incurs $600,000 initial direct costs for each franchise granted. At December 31, 20xx, Apple granted the following people franchises that have open accounts with Apple. A B C D Cash paid (Down payment) 200,000 200,000 200,000 200,000 Note unpaid (Face 1,000,000) 700,000 400,000 910,000 550,000 Services completed 25% 10% 95% 100% Probability of collection Likely Unlikely Unlikely Likely Continuing Franchise fee 1% of NI 1% of NI 1% of NI 1% of NI Period of refund January 31, 2017 February 28, 2017 December 30, 2016 December 30, 2016 What is the total revenue to be recognized by Apple on December 31,20xx?Solve it quickly please Manufacturing company sold 100 car to wholesale trader 7000 RO each plus VAT , wholesale trader sold all 100 cars to retailers for 8000 RO each plus VAT , the retailer realised 850000 RO after selling all 100 cars . Assume VAT 5% . There is input available in manufacturing company was 42500 RO What will be VAT payable by wholesale, manufacturing companies, retailers to government?INCOME STATEMENT Hermann Industries is forecasting the following income statement:Sales $8,000,000Operating costs excluding depr. & amort. 4,400,000EBITDA $3,600,000Depreciation & amortization 800,000EBIT $2,800,000Interest 600,000EBT $2,200,000Taxes (40%) 880,000Net income $1,320,000The CEO would like to see higher sales and a forecasted net income of $2,500,000. Assumethat operating costs (excluding depreciation and amortization) are 55% of sales and thatdepreciation and amortization and interest expenses will increase by 10%. The tax rate, whichis 40%, will remain the same. What level of sales would generate $2,500,000 in net income?
- The follooving information relates to Snorbird Corporation Sales at the breakeven point P312.500 lotal foed expenses 250,000 et opetating income 150,000 what is Sncwbird s margin of safetyUnderstanding the effects of operating leverage HighTech, Inc., andOldTime Co. compete within the same industry and had the following operatingresults in 2012:HighTech, OldTimeInc. Co.Sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,100,000 $2,100,000Variable expenses . . . . . . . . . . . . . . . . . . . . . . 420,000 1,260,000Contribution margin . . . . . . . . . . . . . . . . . . . . . $1,680,000 $ 840,000Fixed expenses . . . . . . . . . . . . . . . . . . . . . . . . 1,470,000 630,000Operating income . . . . . . . . . . . . . . . . . . . . . . $ 210,000 $ 210,000Required:a. Calculate the break-even point for each firm in terms of revenue.b. What observations can you draw by examining the break-even point of each firm given that they earned an equal amount of operating income on identical sales volumes in 2012?c. Calculate the amount of operating income (or loss) that you would expect each firm to report in 2013 if sales were to1. Increase by 20%.2. Decrease…Q7 Consider the following data from two divisions of a company, P and Q: Divisional P Q Sales $ 1,500,000 $ 1,000,000 Operating Income $ 600,000 $ 450,000 Investment $ 4,000,000 $ 2,750,000 If both divisions were presented with an opportunity to invest in a project that is estimated to achieve an ROI of 15%, what will the units likely decide? Multiple Choice Division P will not invest; Division Q will invest. Division P will invest; Division Q will not invest. Neither unit will invest in the projects. Division P will be indifferent; Division Q will not invest. Division P will invest; Division Q will be indifferent.
- The Break Division of Zoe motors Company had the following financial data for the year: Assets available for use P 1,000,000 BV P1,500,000 MV Residual income P 100,000 Return on investment 15% A. What was the Break Division’s segment income? B. If the manager of the Break Division is evaluated based on return on investment, how much would she willing to pay for an investment that promise to increase net segment income by P50,000?INVESTMENT CENTER: The AAA Division has permanent current assets of P50,000 and operating non-current assets of 350,000. It provides annual operating income after tax of P100,000. Its cost of capital is 15% but the minimum required rate of return by the entity is 16%. How much is its current return on investment? How much is its economic value added? How much is its residual income? Assume that the Senna Division is presented by the head office to manage a P60,000 investment option yielding a 20% return on its investment. Should the Division agree to manage this investment opportunity? Yes, because the ROI will increase. Yes, because the RI and EVA will increase. No, because the ROI will decrease. No, because the RI and EVA will decrease.The Magazine Division of XYZ publication Company had the following financial data for the year: Assets available for use P 1,000,000 BV P1,500,000 MV Residual income P 100,000 Return on investment 15% A. What was the Magazine Division’s segment income? B. If the manager of the Magazine Division is evaluated based on return on investment, how much would she willing to pay for an investment that promise to increase net segment income by P50,000?