User Account

All Pages

Compute the ending deficit or surplus

Assignment Help Accounting Basics
Reference no: EM132854507

Question - Rose Garden Store has the following information for the 1st quarter: Revenue of 425,000; Loan from previous quarter P 190,000 with 5% annual interest; collection of Receivable P125,000; Cash Sales P 325,000; Administrative expense of 85,000; selling expense of 42,500; cost of inventory sold 106,250; Beginning cash balance of 150,000. The required cash balance is 150,000.

Using the following information above. Please compute the ending deficit or surplus for the 1st quarter-end.

Reference no: EM132854507

Questions Cloud

Find the expected value? e to the player for one play : In the game of? roulette, a player can place a ?$5 bet on the number 29 and have a 1/38 probability of winning. If the metal ball lands on 29?, the player gets
Calculate the amount to be paid to or received : Calculate the amount to be paid to or received from Tujuh Todak Bhd on the repossession date and prepare the related journal entries
Chi square test of independence : Calculate the effect size (show all work and don't round until your final answer - then, use two decimal places) - even if the results were nonsigificant.
What is the role of social workers in equal rights : What is the role of social workers in equal rights and access to LGBTQ populations. Next provide a detailed explanation of reaction to United Nations Address
Compute the ending deficit or surplus : Revenue of 425,000; Loan from previous quarter P 190,000 with 5% annual interest; Compute the ending deficit or surplus
Internet affects international business activity : Explain how the Internet affects international business activity and the globalization of the world economy.
What do think of arnett ideas : How does culture factor into this concept? You might want to talk to someone who has recently immigrated to the US about this concept.
Compare the process of preparing a top-down budget : Compare the process and the advantages of preparing a top-down budget and a bottom-up budget
Compute amortization schedule for the lessee lease liability : Compute an amortization schedule for the lessee's lease liability formatted as follows: date; lease payment; interest expense; principal; lease liability

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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