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Question - Kevin Company reported the following current assets on December 31, 2020: Cash, net of bank overdraft of P 200,000 4,300,000 Accounts receivable 7,500,000 Inventory, excluding goods out consignment 4,000,000 Available for sale financial asset 1,500,000 Deferred tax asset 1,200,000 Total current assets 18.500.000 An analysis disclosed that accounts receivable comprised trade accounts of P 5.000,000, allowance for doubtful accounts of P 500,000 and selling price of P 3,000,000 of goods out on consignment with a markup of 50% on cost. What total amount should be reported as current assets on December 31, 2020?
McBride Medical had a cash balance of 7000 on January 1. The company desires to maintain a cash cushion of 5000. Prepare a cash budget
a. atkinson oxford engineering manufactures small engines. the engines are sold to manufacturers who install them in
lesley chomski is the supervisor of the new product division of mco corporation. her annual bonus is based on the
The issuance price of a bond does not depend on the-Which of the following is true of a premium on bonds payable?
Apply your knowledge of variable costing and review a sample budget for a charter school (attached). This budget is prepared assuming three levels of student enrollment (66, 100 and 120). Revenue and expenses projections are shown in the budget.
What changes in the city's budgeting and accounting structure would overcome these limitations? What additional problems might these changes cause?
Indicate one (1) ratio from each of the three categories (profitability, liquidity, and solvency) that you believe to be most indicative of future performace
Access Jardine Matheson's most recent annual report on the company's website . Review the company's consolidated financial statement
Determine the cash payback period for each proposal, and chose between Proposal M and N
A salary allowance of $45,000 to Ahmed and $25,000 to Mohamed. Prepare a schedule which shows the division of net income to each partner
The increased sales are expected to last for 8 years. Assuming a discount rate of 4%, what is the net present value of this investment?
Apple Enterprises acquired Development Company Holdings Inc on May 1, 2019, for a cash payment of $916,830 for the stock. Prior to the acquisition.
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