Reference no: EM132615572
Questions -
Q1) For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $47,000, accounts receivable $117,000, inventories $117,000, prepaid expenses $20,000, accounts payable $86,000, and accrued expenses $54,000. Use this information to determine the Current Ratio.
Q2) For the FY 2018, Frederick Company had net sales of $800,000 and net income of $70,000, paid income taxes of $30,000, and had before tax interest expense of $10,000. Use this information to determine the Times Interest Earned Ratio.
Q3) The following financial information is for Annapolis Corporation are for the fiscal years ending 2019 & 2018 (all balances are normal):
|
Item/Account
|
2019
|
2018
|
|
Accounts Receivable
|
$38,000
|
$44,000
|
|
Inventory
|
42,000
|
38,000
|
|
Net Sales (all credit)
|
450,000
|
350,000
|
|
Cost of Goods Sold
|
154,000
|
152,000
|
|
Net Income
|
27,200
|
24,800
|
Use this information to determine the accounts receivable average collection period for FY 2019.
|
Which statements about accrual accounting is correct
: Which statements about Accrual Accounting is correct? Accrual Accounting requires managers' judgement and does not reflect economic reality.
|
|
Describe factors which influence surface evaporation
: Describe factors which influence surface evaporation
|
|
List two areas of the lab you would prefer to work
: In Chapter 1 of the text, the author discusses several forensic science specialties. Whether or not your goal is to have a career in forensic science.
|
|
Determine what is the ending balance of accounts receivable
: What is the ending balance of Accounts Receivable in 2017? Sold goods for $10,000 receiving $8,000 in cash and charging $2,000 to a costumer's credit account
|
|
Determine the Times Interest Earned Ratio
: For the FY 2018, Frederick Company had net sales of $800,000 and net income of $70,000, Determine the Times Interest Earned Ratio
|
|
System reliability analysis of a hydraulic conveying system
: Prepare Project on System Reliability Analysis Of A Hydraulic Conveying System
|
|
What are your steps in securing the scene and evidence
: You are the lead investigator of a small agency, which means your forensic lab is limited. You are called to a report of a decomposed body.
|
|
What is the output voltage
: A transformer has 200 turns on its primary and 12 turns on its secondary. If the input voltage is 2000 V, what is the output voltage?
|
|
Determining the perpendicular to a uniform magnetic field
: A flat coil has a maximum flux 4.0 × 10-3 T·m2 through it as its area is perpendicular to a uniform magnetic field.
|