Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Jack's business premises were destroyed in a fire and all his records were lost apart from a recent analysis that he had made of the latest period's results for his company Box Limited. He managed to retrieve the following:
Sales $375 000
Gross profit margin 28%
Total Expenses ratio 17%
Tax rate 30%
Debt to Equity 0.75:1
Current assets as a percentage of Cost of Sales 22%
Current ratio 1.8:1
Return on Equity 11%
Required - From the information given reconstruct a Statement of Profit or Loss and a Statement of Financial Position.
Consider your own personal accounting equation: Assets = Liabilities + Net Worth. Give an example of a transaction that would result in one effects
What The interest expense for 2014 would be?On January 1, 2014, Pearson Company signed a lease agreement requiring six animal payments of $60,000, beginning Dec
Identify the accounts that are added to or deducted from purchases to determine the cost of goods purchased under a periodic system. For each account, indicate (a) whether it is added or deducted, and (b) its normal balance.
employees at the hobby hut requested that the company provide assistance in locating professional- quality child care
Lisa Company had 157 units in beginning inventory at a total cost of $18,055. Compute the cost of the ending inventory and the cost of goods sold
On November 28, 2011, she sold 48 shares, which could not be specifically identified, for $576, What is her recognized gain or loss
State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. Also, indicate its normal balance
A Ltd's functional currency is Australian dollar and the company's financial year end is 30th June. Prepare journal entries to record the transaction
Complete an income statement for the year ended December 31, 2014 and Prepare a balance sheet as of December 31, 2014
Restin Co. uses the gross method to record sales made on credit. On June 1, 2010, it made sales of $50,000 with terms 3/15, n/45. On June 12, 2010, Restin received full payment for the June 1 sale.
The debits to Work in Process--Assembly Department for April, together with data concerning production
Comparing stocks versus bonds:
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd