Reference no: EM132969394
Question - The following information is obtained from the financial records of Weekend Corporation for the year ended December 31, 2020:
Accounts Payable 180,000
Accounts Receivable 320,000
Allowance for Bad Debt 20,000
Cash 225,000
Common Stock ($5 Par Value) 600,000
Common Stock-Additional Paid-in Capital 150,000
Current Portion of Long-Term Debt 30,000
Interest Payable 12,000
Marketable Securities 135,000
Merchandise Inventory 230,000
Mortgage Payable 125,000
Notes Payable 30,000
Notes Payable (Due in 2024) 50,000
Notes Receivable 38,000
Notes Receivable (Due in 2023) 40,000
Prepaid Insurance 2,000
Prepaid Rent 4,000 Plant Assets 800,000
Accumulated Depreciation-Plant Assets 240,000
Salaries Payable 13,000
Supplies 10,000
Taxes Payable 12,000
Unearned Revenue 8,000
2020 Net Income was 480,000.
REQUIRED - Calculate (1) The Current Ratio (2) The Quick Ratio and (#) Earnings Per Share?
|
How industries develop and change in industry life cycles
: Use Porter's Five Forces Framework to analyse industries or sectors: rivalry, threat of entrants, substitute threats, customer's power and supplier power
|
|
What is the amount of Baker recognized gain
: Four weeks prior to the sale, Baker paid a handyman $1,000 to paint and fixed up the residence. What is the amount of Baker's recognized gain
|
|
What is the pervasive conversion scale
: What is the pervasive conversion scale? What company expects to acquire 64646 and 456400 in individually for a period skyline of one year
|
|
Calculate the net cash from operating activities for period
: Given the following information, Accounts receivable decreased by 5000, calculate the net cash from operating activities for the period
|
|
Calculate the current ratio and quick ratio
: The following information is obtained from the financial records of Weekend Corporation. Calculate the Current Ratio and Quick Ratio
|
|
What are the budgeted cash receipts from sales
: If sales are budgeted to be $300,000 for March and $200,000 for April, what are the budgeted cash receipts from sales on account for April
|
|
What is its yield
: Question - A $50,00 9% (6 month interest) bond is purchased by a dealer for $51,880. What is its yield, if interest is paid 6 monthly
|
|
TACC613 Mergers and Acquisitions Assignment
: TACC613 Mergers and Acquisitions Assignment Help and Solution, Australian National Institute of Management and Commerce - Assessment Writing Service
|
|
How should the accounted for in cash flows
: The company paid $10,000 cash and the remaining $25,000 was financed in a long-term note payable. How should the $25,000 be accounted for in cash flows
|