User Account

All Pages

Calculate a company current assets

Assignment Help Financial Accounting
Reference no: EM132998794

Problem 1: Calculate a company's current assets based on the following data from its balance sheet: cash $100,000; accounts receivable $18,000; equipment $75,000; property $90,000; inventory $50,000.

Group of answer choices

Option 1: $168,000

Option 2: $118,000

Option 3: $333,000

Option 4: $243,000

Problem 2: Investments in which of the following would impact cash flow from investing activities on a cash flow statement?

Group of answer choices

Option 1: Accounts Receivable, Inventory, Equipment, Land

Option 2: Inventory, Dividends, Buildings, Ownership in Other Companies

Option 3: Sales, COGS, Income Tax, Net Income (EAT)

Option 4: Intangible Assets, Equipment, Buildings, Ownership in Other Companies

Reference no: EM132998794

Questions Cloud

Calculate the earnings before tax of a company : Calculate the earnings before tax (EBT) of a company which has $2 million in sales; cost of goods sold of $1 million; selling expenses of $200,000
Calculate the company net income or eat : Calculate the company's net income (EAT) (use only what data you need): Sales = 2,000. Income tax rate = 50%. COGS = 10% of sales.
Calculate the ebit of a company : Calculate the EBIT of a company which has $1 million in sales; $450,000 in cost of goods sold; selling expenses of $75,000; general and administrative expenses
Which category of expense on an income statement : Salaries of a company's chief executive officer (CEO) would fall under which category of expense on an income statement? Interest expense
Calculate a company current assets : Calculate a company's current assets based on the following data from its balance sheet: cash $100,000; accounts receivable $18,000; equipment $75,000
Prepare financial statements for the business for the month : Analyze the above transactions and record them in the accounting records of AH Consultancy Services and Prepare financial statements for the business
Calculate the gross profit for a company : Calculate the gross profit for a company which has $1 million in sales; $640,000 in cost of goods sold; sales/general/administrative (SG&A) expenses of $150,000
Which represents items that are usually converted to cash : Cash flow statements are generally organized into major sections. Which represents items that are usually converted to cash within a year?
Make a tabular analysis of the august transactions : Prepare a tabular analysis of the August transactions beginning with July 31 balances. Prepare an income statement for August.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the capitalized cost of the land

Sherman Inc. purchased or constructed the following assets during year 1. Use the spreadsheet below to calculate the amount that the company should capitalize for each of the following property, plant and equipment assets. Enter your answer in the ap..

  Describes the effect of reversal of this liability in future

Describes the effect of reversal of this liability in the future on the relationship between future financial reporting income and future taxable income?

  What the amount of depreciation to be recorded

What the amount of depreciation to be recorded for 2019 using the units of production method when 6,500 units were produced

  Assess the risks associated with integrating new ais system

Implementing a new AIS system could prove to be beneficial or detrimental to an organization’s IT infrastructure. Assess the risks associated with integrating a new AIS system and suggest what management can do to minimize those risks.

  Discuss what is the value of the bond today

paid twice yearly and rates in the marketplace are 8% pa compounded semi-annually. What is the value of the bond today

  How to prepare multiyear forecast of financial statements

How to apply a parsimonious method for forecasting net operating profit and net operating assets. How to prepare multiyear forecast of financial statements.

  How a decrease in eps would affect a company decision

How a decrease in EPS would affect a company's decision whether to issue equity (shares of stock) or debt (a bond issue) for raising capital.

  Record the bond issue and first interest payment on June

Interest is paid semiannually on June 30 and December 31. Record the bond issue and first interest payment on June 30, 2021

  Which of the about loan covernant is true

Which of the about loan covernant is/are TRUE? For the lender, loan covenants are usually used as a security measure to make sure.

  What amount related to the bonds would baddour report

On January 1, 2016, Baddour, Inc., issued 12% bonds with a face amount of $167 million. The bonds were priced at $146.3 million to yield 14%. Interest is paid semiannually on June 30 and December 31. Baddour’s fiscal year ends September 30. What amou..

  Record the current year long-service leave expense

Projected annual salary increase: 2% per year. Provide the journal entry to record the current year's long-service leave expense

  Find what account balance at the end of the second year

Find what would be his account balance at the end of the second year? Rahul deposits ?10,000 in a bank, which offers him an interest of 10% compounded annually.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd