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- The following data apply to A.L Kaiser & Company ($ million) : Cash and Equivalents $ 100.00Fixed Assets $ 283.50Sales $1,000.00Net Income $ 50.00Quick Ratio $ 2.0xCurrent Ratio 3.0xDSO 40.0 DaysROE 12.0% Kaiser has no preferred stock - Only common equity, current liabilities, and long-term debt. b. You should found Kaiser's accounts receivable (A/R) to be $111.1 million. If Kaiser could reduce its DSO from 40 days to 30 days while holding other things constant, how much cash would it generate? if this cash were used to buy back common stock (at book value) and thereby reduce the amount of common equity, how would this action affect the company's (1) ROE, (2) ROA, and (3) total deby/total assets ratio?5.The Hamada Company sales for 2021 totaled $150,000 and purchases totaled $92,000. Selected January 1, 2021,balances were: accounts receivable, $18,400;inventory, $15,200;accounts payable, $11,700. December 31, 2021, balances were:accounts receivable, $15,800;inventory, $18,400;accounts payable, $14,900. Net cash flows from these activities were: Group of answer choices $57,400 $58,000 $76,400 $60,60014 - Entity A sold its registered $ 1000 at a rate of 4.60 TL at a rate of 4.65 TL. Which of the following accounts is correct in the journal entry to be made?A) 100 02 DOLLAR CASH ACCOUNT RECEIVABLE 4600 TLB) NoneC) 656 EXCHANGE LOSS ACCOUNT DEBTED 150 TLD) 100 01 TL CASH ACCOUNT RECEIVABLE 4.650 TL E) BORROWED 646 EXCHANGE PROFIT ACCOUNT 50 TL
- Katok Company factored P 750,000 of accounts receivable at year end. Control was surrendered. The factor accepted the accounts receivable subject to recourse for non-payment. The factor assessed a fee of 2% and retained a hold back equal to 4% of the accounts receivable In addition, the factor charged 12% interest computed of 51 days. What is the amount of cash initially received from the factoring? a. 692,425b. 720,000c. 722,425d. 705,000The following summarized statement of financial position relate to Track Ltd as at 30th June: Details 20x7 20x8 Shs '000' Shs '000' Shs '000' Shs '000' Non-current assets 500 650 Less: Accumulated Depreciation (200) (300) Net Book Value 300 350 Investments at cost 200 50 Current Assets Inventory 400 00 Accounts receivable 1,350 1,550 Cash and Bank 100 - 1850 2,250 Current Liabilities Bank Overdrafts - 60 Accounts payable 650 90 Taxation 230 190 Proposed dividends 150 130 (1030) (110) Total Assets 1320 1,480 Capital and Reserves Called-up share capital Shs I ord. Shares 500 50 Share premium A/c 150 200…The XYZ Company had the following income statement on 31.12.2020 Deprecation 5000 Net income 110000 OMR The following accounts decreased during 2020: Accounts receivable 24000 inventory 18000 OMR, Rent payable 15000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 14000 Accounts Payable 8000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities Select one: a. 149000 OMR b. 145000 OMR c. NONE OF THESE d. 136000 OMR
- JEY-4322 Inc. reported the following data for last year: JEY-4322 Inc.Balance Sheet Beginning BalanceEnding BalanceAssets Cash$ 128,000$ 139,000Accounts receivable331,000481,000Inventory567,000471,000Plant and equipment, net894,000869,000Investment in Tesla Inc.400,000428,000Land (undeveloped)246,000249,000Total assets$ 2,566,000$ 2,637,000Liabilities and Stockholders' Equity Accounts payable$ 382,000$ 341,000Long-term debt981,000981,000Stockholders' equity1,203,0001,315,000Total liabilities and stockholders' equity$ 2,566,000$ 2,637,000 JEY-4322 Inc.Income StatementSales $ 3,880,000Operating expenses 3,336,800Net operating income 543,200Interest and taxes: Interest expense$ 111,000 Tax expense197,000308,000Net income $ 235,200 JEY-4322 Inc. paid dividends of $123,200 last year. The “Investment in Tesla Inc.” item on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return is 15%. What was the company’s residual income…The following selected information pertains to Brock Company:Cash balance, January 1, 20x1 P130,000Accounts receivable, January 1, 20x1 190,000Collections from customers in 20x1 2,100,000Capital account balance, January 1, 20x1 380,000Total assets, January 1, 20x1 750,000Additional cash investment, July 1, 20x1 50,000Total assets, December 31, 20x1 1,010,000Cash balance, December 31, 20x1 200,000Accounts receivable, December 31, 20x1 360,000Withdrawals made during 20x1 110,000Total liabilities, December 31, 20x1 410,0007. Net income for the year ended December 31, 20x143. In 2021, Allen company reported cash basis income of P 7,800,000. Tracing back its records, accounts receivable and accounts payable on December 31, 2021 were P5,200,000 and P 1,950,000 respectively. During the year, the accounts receivable increased by 200% while accounts payable decreased by 50%. How much were net income using accrual method? CHOICES: P 7,800,000 P 12,350,000 P 8,450,000 P 7,150,000
- Cash conversion cycle: Company X reported the following information for the last fiscalyear. COMPANY X Assets As of Liabilities and Equity 12/31/2021 Inventories USD 200 000 Accounts Receivable 180 000 Borrowings USD 190 000 Cash and financial assets 25 000 Accounts payable and 200 000 available for sale accruals Other current assets 18 000 Total current assets USD 423 000 Total current liabilities USD 390 000 Fixed Assets 500 000 Long-term debt 150 000 Equity 383 000 Total Assets USD 923 000 Total Liabilities & USD 923 000 Equities Net sales (credit) USD 800 000 Cost of goods sold 380 000 a. Calculate the firm’s cash conversion cycle and operating cycles b. What is the financing strategy of Company X? Aggressive or conservative? Is the strategyalready proper enough for the company? Please give your recommendation for them!Maple Group LtdComparative Balance SheetDecember 31, 2020 and 20192020 2019 Increase/(Decrease)Assets Cash and cash equivalent ? 31,500 (10,000)Accounts Receivable ? 87,500 ? Inventories 97,100 ? ? Fixed Assets, net 142,300 ? 32,000 Total Assets 302,900 323,000 (20,100)Liabilities Accounts payable 25,600 26,600 ? Accrued liabilities 24,000 ? 1,200 Long-term notes payable 58,200 ? (20,000)Stockholders' Equity: Common Stock ? 131,400 ? Retained earnings 54,800 64,000 (9,200)Total liabilities and stockholders' equity 302,900 323,000 (20,100)- - - Maple Group Ltd Income Statement Year Ended December 31,2020 Revenues and gains: Sales revenue 370,000 Interest revenue 11,800 Total revenues and gains 381,800 Expenses Cost of goods sold 205,500 Depreciation expense 15,500 Other operating expense 126,000 Interest expense 24,300 Total expenses 371,300 Income before income taxes 10,500 Income tax expense 16,300 Net Loss (5,800) Notes Acquisition of fixed asset during 2020 47,500 Sale proceed…The balance of Total Assets for Virtue Company is $500,000 on November 30. During November, the following took place:Sold $60,000 of inventory for cashPurchased a $100,000 machine for cashIncreased accounts payable $50,000 by acquisitions of inventory on accountWrote off accounts receivable of $20,000Total Assets for Virtue Company on November 1 is: Multiple Choice $550,000 $530,000 none of the other alternatives are correct $500,000 $450,000
