Incomplete version of a company balance sheet

Assignment Help Finance Basics
Reference no: EM132037449

The statement below shows a condensed, but incomplete version of a company's balance sheet. Assuming cash is zero, how do I find notes payable?

Assets

Current Assets

  • Cash $0
  • Accounts Receivable $1,500,000
  • Other current assets $550,000

Total Current Assets: $2,050,000

Fixed Assets: $6,075,000

  • Goodwill $300,000

Total Assets $8,425,000

Liabilities

Current Liabilities

  • Notes Payable jQuery22406513820477121679_1530111690001?
  • Other current liabilities $150,000

Total Current Liabilities ???

Long Term Debt $2,015,000

Shareholder's Equity $3,600,000

Total Liabilities and Shareholder's Equity

Reference no: EM132037449

Questions Cloud

Calculate the firm net income : Juniper has sales of $4,932,570; income tax of $500,022; the selling, general and administrative expenses of $292,213; depreciation of $345,021
Calculate the amount of the firm income before tax : Banana Box Corporation has sales of $4,390,510; income tax of $382,018; the selling, general and administrative expenses of $294,255; depreciation
Calculate the amount of the firm gross profit : Calculate the amount of the firm's gross profit.
Which is eventually followed by an economic crisis : Describe a typical financial bubble that usually begins with some kind of displacement and which is eventually followed by an economic crisis.
Incomplete version of a company balance sheet : The statement below shows a condensed, but incomplete version of a company's balance sheet. Assuming cash is zero, how do I find notes payable?
Determine the optimum order quantity of baskets : Determine the optimum order quantity of baskets assuming the order costs per order is $600 and it costs $2 to carry a unit of basket in inventory per period.
List and define the four financial statements : List and define the four financial statements. If you had to put them in order of importance, what would that order be? Why?
What is the forward rate with semiannual compounding : What is the forward rate for the 6-month period starting in one year? What is the forward rate with semiannual compounding?
Cash from various friends and relatives : Your newborn daughter has received a total of $2,500 in cash from various friends and relatives. If you deposit this money for her in an investment

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd