Reference no: EM132620955
Questions -
Q1. Each of the following is included in computing the acid-test ratio except:
a. short term investments
b. cash
c. receivables
d. supplies
Q2. Noncash charges that are added back to net income in determining cash provided by operations under the Indirect Method do not include:
a. Depreciation expense
b. An increase in inventory.
c. Amortization expense
d. Loss on sale of equipment.
Q3. Candle Company reported net income of $100,000 for the year ended December 31, 2012. During the year, inventories increased by $21,000, accounts payable decreased by $24,000, depreciation expense was $30,000, and a gain on disposal of equipment of $17,000 was recorded. Compute Net cash provided by operations in 2012 using the indirect method?
a. $90,000.
b. $68,000.
c. $110,000.
d. $144,000.
Q4. Santo Corporation had net income of $300,000 and paid dividends to common stockholders of $50,000 in 2019. The weighted average number of shares outstanding in 2019 was 50,000 shares. Santo Corporation's common stock is selling at $40 per share on the New York Stock Exchange. Santo Corporation's price - earnings ratio is:
a. 8 times
b. 5 times
c. 7.5 times
d. 6 times
How the characteristics of the membrane structure influence
: Explain how the characteristics of the membrane's structure influence what is able to cross.
|
Make an entry in the cash payments journal for reimbursement
: Make an entry in the Cash Payments Journal for the reimbursement of the fund on November 30. Bought special order of merchandise, $13.14.
|
What is the expected phenotype ratio
: Your frogs reproduce and produce the following offspring: 102 Blue-eye short-toed, 312 Blue-eye long-toed, 305 Red-eyed short-toed, 905 Red-eye long-toed
|
Which is the correct total of susan equity
: On her most recent balance sheet, her liabilities total $4,500 and her assets total $28,500. Which of the following is the correct total of Susan's equity
|
Compute net cash provided by operations
: A gain on disposal of equipment of $17,000 was recorded. Compute Net cash provided by operations in 2012 using the indirect method
|
How do post the journal entries to the t accounts
: How do Post the journal entries to the T accounts, selecting the appropriate date to the left of each amount to identify the transactions?
|
Develop logical cause-and-effect diagram
: Develop a logical cause-and-effect diagram for the problem "inaccurate shipment." Explain how your solutions demonstrate the idea of enterprise leadership.
|
How do make an unadjusted trial balance for knaus architects
: How do make an unadjusted trial balance for Knaus Architects as of January 31, 20Y4.???List all accounts in the order of Assets, Liabilities
|
What would the company have reported on its balance sheet
: What would the company have reported on its balance sheet for inventory if it had used the FIFO method of accounting for inventory
|