Short term investments at cost year

Assignment Help Financial Accounting
Reference no: EM13966058

Cash= 5943 year- 2014 and year 2013 cash=3943

Short term investments at cost year 2014 =426 and year 2013 short term =192

Accounts and notes receivable year 2014=6323 and year 2013 =4624

Inventories year 2014=3372 and year 2013=2618

Prepaid expenses and other current assets year 2014=1505 and year 2013=1194

Short term obligations year 2014=4898 and year 2013 =8292

Accounts Payable year 2014 =10994 and year 2013 =464

  • Determine the current ratio for year 2014 and 2013?
  • Determine the quick ratio for year 2014 and 2014?

Reference no: EM13966058

Questions Cloud

Prepare a memo that explains the format of the statement : Prepare a memo that explains the format of the statement of cash flows and the rationale for each number included in Logan's statement of cash flows.
William company acquired : William Company acquired 30 percent of eGate Company's common stock, at underlying book value of $100,000. eGate has 100,000 shares of $2 par value, 5 percent cumulative preferred stock outstanding. No dividends are in arrears.
Promised her a big bonus : Last year, Diana’s boss promised her a big bonus if she met her goals. At the end of the year, after Diana had exceeded her goals, she found her bonus was very small. In the future, Diana’s _____ will probably be ____.
Chariot company acquired : Chariot Company acquired 100 percent of Stryder Company for $220,000 cash. The trial balances for the two companies on December 31, 20X8
Short term investments at cost year : Short term investments at cost year Accounts and notes receivable year Prepaid expenses and other current assets year
Program to create a class huge integer : program to create a class Huge Integer which uses a 40-element array of digits
How may culture influence an organization ability to balance : Think about the contradictory roles that differentiation and integration play in an organization's performance and its ability to innovate and operate efficiently. How may culture and/or geography influence an organization's ability to balance the..
Shipping corporations voting shares : Plimsol Company acquired 100 percent of Shipping Corporation's voting shares, at underlying book value. Plimsol uses the cost method in accounting for its investment in Shipping. Shipping's retained earnings was $75,000 on the date of acquisition.
Anova approach to test the appropriate hypotheses : (a) Use the ANOVA approach to test the appropriate hypotheses. Use α = 0.01. (b) What assumptions are necessary for the conclusion in part (a)?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How loss should lara immediately recognize on this trade

Lara Co. traded its old computer for a new model. The following information is pertinent to this transaction: How much loss should Lara immediately recognize on this trade-in?

  What number of diluted weighted-average shares outstanding

How many options were exercisable on March 29, 2010? 3) What number of diluted weighted-average shares outstanding was used by M&S in computing earnings per share for 2009 and 2010? What were M&S's diluted earnings per share in 2009 and 2010?

  What is the sales volume variance

Fuller Company builds swimming pools. Fuller budgets that they will build 13 pools during the month of April at a price of $20124 per pool. Actual pools built by Fuller during April were 16 pools at a price of $20740 per pool. What is the Sales Volum..

  Compute the applicable overvaluation penalty

John, a calendar-year taxpayer subject to a 34 percent marginal tax rate, claimed a charitable-contribution deduction of $15,000 for a sculpture that the IRS later valued at $10,000. Compute the applicable overvaluation penalty. Show your calculation..

  Compute the total gain and contract price

During 2014, Kay collected $9,000 in principal on the installment note and $2,000 of interest. Kay’s basis in the property was $110,000 [125,000, 15,000 (depreciation)]. The Federal rate is 6%. Compute the following: Total gain. Contract price. Payme..

  Which inventory costing method should abc consider

ABC Company is a retailer operating in an industry that experiences inflation. ABC wants the most realistic ending inventory. Which inventory costing method should ABC consider using?

  Define issuance of long-term bonds

Most decisions made by to management impact the ratios analysts use evaluate performance.  Indicate (by letter) whether each of the actions listed below will immediately increase (I), decrease (D) or have no effect (N) on the ratios shown.

  What is barbara basis in the property for the sale

A gift tax of $2,800 was paid by the aunt. Barbara sold the stock in the following year for $29,000. What is Barbara’s basis in the property for the sale.

  Context of accounting for overseas operations

Describe the concepts of functional and presentational currencies in the context of accounting for overseas operations.

  What will be the carrying amount of the bonds at december

Record the June 30, 2015, semiannual interest payment and amortization of discount and what will be the carrying amount of the bonds at December 31, 2015?

  Parent-subsidiary liquidation

In terms of the rules applying to a Section 332 parent-subsidiary liquidation, comment on each of the following:

  What was supplies expense for carolina mills during the year

Carolina Mills purchased $270000 in supplies this year. The supplies account increased by $10000 during the year to an ending balance of $66000. What was supplies expense for Carolina Mills during the year?

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