User Account

All Pages

What are the amounts that AppsGalore owes for liabilities

Assignment Help Accounting Basics
Reference no: EM132536754

Question - The accountant for AppsGalore has compiled the following information about the company and its accounts:

Cash 2500

Service revenues 5000

Interest income 1000

Accounts payable 5500

Wages payable 2500

Prepaid rent 1000

Expenses 2000

Accounts receivable 1200

Equipment 10000

Loan payable 1000

Required -

What are the assets belonging to AppsGalore? List both names and amounts for each one and calculate the total amount.

What are the amounts that AppsGalore owes for liabilities? List each liability and calculate the total.

Using the accounting equation, what is the amount of Owners' Equity reported on AppsGalore balance sheet?

How much net profit did AppsGalore have for the year?

What are the three components of the balance sheet? Briefly discuss each.

Reference no: EM132536754

Questions Cloud

Calculate the firm predetermined and actual overhead rates : Calculate the firm's predetermined and actual overhead rates for the year using each of the machine hours and direct labour hours cost drivers
Question - Revenue and Related Transactions : Revenue and Related Transactions. Record the preceding transactions in general journal form. On which statement would restricted contributions be reported
How many jungle gyms need to be sold at break-even : Total fixed expenses are $880,000. Last year, Kiddie sold 1,600 gyms and 400 tree houses. How many jungle gyms need to be sold at break-even?
How might senior management motivate employees to behave : Using notions such as fixed costs per unit, and other management accounting concepts, explain this apparent paradox. What is the actual best approach?
What are the amounts that AppsGalore owes for liabilities : What are the amounts that AppsGalore owes for liabilities? List each liability and calculate the total. How much net profit did AppsGalore have for the year
Find what is the composite breakeven point of the company : Find What is the composite breakeven point of the company in units and amount at the given sales mix? Calculate individual units and amount also
Proton exchange membranes hydrogen fuel cell : Discuss the technology, current status and prospects of Proton exchange membranes hydrogen Fuel Cell in transport and electricity sector
Calculate the issue price of the debenture : Interest expense is determined using the effective-interest method. Calculate the issue price of the debenture
What is the estimated total cost at hours : Using the high-low method to split mixed costs, the variable rate is found to be $3 per hour,What is the estimated total cost at 350 hours?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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