User Account

All Pages

What is the amount for the company current liabilities

Assignment Help Managerial Accounting
Reference no: EM132821580

Question - Gibson, Pty, Ltd. a retailer, reports the following information:

Accounts Payable

$600

Accounts Receivable

$5,200

Cash

$7,000

Loan Payable in 6 months

$4,400

Revenue received in advance

$12,000

Bank Loan - Mortgage

$30,000

Retained Profits

$7,800

Inventory

$10,200

Buildings

$17,600

Office Supplies

$1,600

Required - What is the most likely amount for the company's current liabilities?

a. $35,000.

b. $17,000.

c. $600.

d. $47,000.

e. $5,000.

Reference no: EM132821580

Questions Cloud

Salesperson travel costs and commissions : In a recent annual report, a major soft drink manufacturer and distributor announced that their gross profit margin was down 1%. (One percent may not sound like
Review your completed child development chart : Review your completed Child Development Chart, and give yourself credit for creating such a rich and informative reference tool. Consider making a commitment.
Hofstede Six Factor Theory of Culture : Describe your cultural background in light of Hofstede's theory of cultural dimensions. Where does this culture sit in regard to these six dimensions?
How much is the ending capital balance of partner : Net income allocation to Partner A is $4,500. How much is the ending capital balance of Partner A? Partner A has a beginning capital balance $10,000.
What is the amount for the company current liabilities : Question - Gibson, Pty, Ltd. a retailer, reports the following information: What is the most likely amount for the company's current liabilities
How what was observed impact teaching and learning : You will watch and provide a 3-5 page reflection on the Science video series "Mind of Our Own" Be sure you write reflectively using supporting details.
What the state of florida best argument : Lawsuit claiming the Florida law is unconstitutional. The state of Florida's best argument as to why this law is constitutional would be based upon?
What advice would give to the client : What advice would you give to the client and his father regarding gifting the stock vs. allowing the stock to pass to the client upon the father's death?
Nutrition facts label on food package : Do you think this food is a healthy choice with respect to the amounts and types of fats? If not, is there a healthier food that you could substitute?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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