User Account

All Pages

What is the change in cash base on the preceding information

Assignment Help Financial Accounting
Reference no: EM132555816

The following data are from the Sagesser Company:

                                 December 31, 2015                   December 31, 2014

Account receivable            P20,000                              P25,000

Accounts payable              15,000                                18,000

Retained earnings            80,000                                      60,000

Net income for 2015=P60,000

Purchase of equipment for cash during 2015 = 26,000

Depreciation expense for 2015 = 15,000

Question 1: What is the change in cash base on the preceding information?

Reference no: EM132555816

Questions Cloud

Implementing change business case : You will be measured on how you apply key managerial skills to foster innovation and lead change in a dynamic business as well as your ability to listen activel
Why gram-positive bacteria retain the crystal violet : There are three reasons why Gram-positive bacteria retain the crystal violet better than Gram-negative bacteria, name two reasons.
Business Statistics-Touring a Process : Touring a Process. How the measurements are used to manage and improve the process.
What is the company net income using accrual accounting : What is the company's 2016 net income using accrual accounting? Purchased airline tickets for $500 in December for a trip to take place in 2017
What is the change in cash base on the preceding information : What is the change in cash base on the preceding information? Purchase of equipment for cash during 2015,Depreciation expense for 2015
Discuss company organizational culture : Discuss your company's organizational culture. What are the ways you can help ensure that company's culture fosters creativity and innovation among employees?
Calculate the amount of accounts receivable : Calculate the amount of accounts receivable that were 31-60 days past due. Betty DeRose, Inc. estimated its bad debt expense to be $6,210 for 2018.
Explain the impact on the consolidated financial statements : Explain the impact on the consolidated financial statements if the non-controlling interest are measured using the proportionate share of net identifiable asset
Develop new information security policy : If you were asked by your employer to develop a new Information Security Policy, where would you turn to find resources to build this policy?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Discuss what hoger have to gain by advocacy

Discuss what Hoger have to gain by advocacy of early implementation. Identify who might be affected by the decision against early implementation.

  What journal entry is sent from the process receive payment

What journal entry is sent to GL from the process "compare receiving report and purchase order"? What journal entry is sent from the process "receive payment"?

  Prepare necessary general journal entries - ending december

Prepare all necessary general journal entries for the year ending December 31, 2009 in an excel sheet. Include supporting calculations of all amounts in a separate schedule.

  What is the present value of the plan

A pension fund will deposit at the end of the year $75,000 into a plan. These deposits will increase by 3%, what is the present value of this plan?

  What is the npv of the new production line

ACME Manufacturing is considering replacing an existing production line with a new line that has a greater output capacity and operates with less labor than the existing line. The new line would cost $1 million, have a five-year life, and be deprecia..

  What factors would impact petes bid to the new customer

When Pete uses a distributor to sell additional pet houses, he has to pay a sales commission of 8% of the sales price. On average, he sells 60% of each pet house through distributors.

  Number of unrelated transactions for the village

Following are a number of unrelated transactions for the Village of Centerville, some of which affect governmental activities at the government-wide level. None of the transactions has been recorded yet. Prepare in general journal form the necessary ..

  Weighted cost of capital for new division after-tax cost

Technico plans to start a new product division that will have a capital structure of 60 percent debt and 40 percent equity. The levered beta for this division has been estimated to be 2.10. What will be Technico's weighted cost of capital for this ne..

  Indicate whether the cost will be capitalized or expensed

For each of the transactions that follow, indicate whether the cost will be capitalized or expensed by Action Corporation. Action paid $50,000 in salaries for research and development on a process in hopes to patent in another year. Action paid $10,0..

  Ending inventory and cost of goods sold

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost.

  Prepare a statement of cash flows

Prepare a Statement of Cash Flows in good form using the above information and the indirect method. Prepare the Net Cash Provided by Operating Activities section, using the above information, using the direct method.

  What you see as the pros and cons of fund-based accounting

What you see as the pros and cons of fund-based accounting and whether or not you believe that it is time for governmental entities to move away.

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