Reference no: EM132805347
Questions -
Q1. Jaffers Corporation has a current ratio (defined as current assets dividend by current liabilities) of 1.7 as of the end of 2020. Which of the following transaction would increase the current ratio?
a. Jaffers receives payment of an outstanding account receivable.
b. Jaffers pays an outstanding long-term liability
c. Jaffers purchases more inventory on account.
d. Jaffers issues long-term debt and receives cash
Q2. Quantum, LLC. Reported net income of $9,289,296 and a net cash inflow from operations of $8,984,892 for 2021. Quantum, LLC. used the straight-line depreciation method to determine depreciation expense for 2021 of $1,729,100. If Quantum, LLC. had used the double-declining balance depreciation method, depreciation expense for 2021 would have been $2,950,000. What would cash flow from operations have been if Quantum, LLC. had used the double-declining balance method?
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How much is the combined total assets
: The provisional fair value of the noncurrent assets of Charm increased by P2, 250. How much is the combined total assets at the end of 2013?
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How much Baltimore Company should report for its investment
: Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018
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Explain the sex trafficking and labor trafficking
: While the media and certain NGOs (non-governmental organizations) focus on sex trafficking, labor trafficking is nearly as prevalent, or even more so.
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What amount of total assets did beta reported
: What amount of total assets did Beta reported in its balance sheet immediately after the acquisition; what amount of assets was reported in the consolidate
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What would cash flow from operations have been
: What would cash flow from operations have been if Quantum, LLC. had used the double-declining balance method
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Network scanning techniques
: Explain in your own words what type of information can be obtained by using network scanning techniques
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What is the value of the inventory transferred
: What is the value of the inventory transferred to the next department if beginning inventory was 2,000 units; 9,000 units were started; and 1,000 units
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Calculate payback period for investment for jlk corporation
: Net incremental after-tax cash flows are RM25,000 per year and for the last two years they are RM20,000 per year. Calculate the payback period for investment.
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How is the development applicable outside of social sciences
: Describe how the developments changed society's understanding. How is the development applicable outside of the social sciences?
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