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Question - For the FY 2016, Alpha Company's balance sheet included the following current items: cash $40,000, accounts receivable $160,000, inventories $100,000, prepaid expenses $20,000, accounts payable $90,000, and accrued expenses $70,000. Use this information to determine the: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.)
1. Quick Ratio
2. Current Ratio
3. Working Capital
Prepare income statements for 2010 and 2011. (The final amount reported on the income statement should be income before income taxes.)
Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2013, assuming that an interest rate of 10% properly reflects the time value of money in this situation.
Now assume Exeter's 2020 ending inventory contains $125,000 in merchandise purchased from Fenton, What is the impact on 2020 equity in net income
Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following fair market values an..
Zerox Copying Company plans to borrow $202,000. New Jersey National Bank will lend the money at one-half percentage point over the prime rate at the time of 10.
on january 1 2009 carlin corporation issued 2400000 of 5-year 8 bonds at 95 the bonds pay interest semiannually on july
Prepare a cash distribution plan as of September 30, 2009, showing how much cash each partner will receive if the offer to sell the assets is accepted.
Elm Company is considering a special order from Gadget Inc. for 15,000 units, How much are the incremental revenues associated with the special order
It returned $3,000 (gross price before trade or cash discount) on February 4. At what amount would the purchase on February 1 be recorded if the net method used
What would happen to the value of the bond if the inflation rate unexpectedly goes up? What the bond value increase or decrease? Now suppose the bond still.
Develop and diagram an activity-based costing system using information in the case. Calcu¬late the profitability of Wilkerson's three product lines.
How do you think these weaknesses would effect the financial statements and what should you do to try and resolve the situation?
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