If cash is $5450, accounts receivable is $10059,notes payable is $5285, common stock is $1161 how much is retained earnings?
Q: Equivalent Units of Production Kellogg Company (K) manufactures cold cereal products, such as…
A: Answer - Equivalent Unit of Production - An equivalent unit of production term applied to the…
Q: The financial condition of two companies Assets = Liabilities + $ 7,590 $ 11,000 = Allen White $…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Problem: Compute for equivalent production in each of the following cases using the average method:…
A: Weighted Average Method :— It is one of the method of inventory valuation in which all average cost…
Q: Adjusting and Closing Entries and Post-Closing Trial Balance Below is the trial balance for…
A: Adjusting Entries - Adjusting Entries are recorded to adjust the income and Expense incurred and…
Q: In January, Dieker Company requisitions raw materials for production as follows: Job 1 $980, Job 2…
A: At the time of issue of material inventory for production, the work in process inventory account is…
Q: As of January 1, Year 2, Room Designs, Incorporated had a balance of $5,200 in Cash, $2,850 in…
A: Cash Flow Statement By monitoring an organization's cash flow, a cash flow statement is a crucial…
Q: The Mixing Department of Healthy Foods has 50,000 equivalent units of materials and 33,750…
A: Equivalent Units :— Equivalent units describe how much work has been done on a certain number of…
Q: On August 15, 2019, Orion Co. purchased 100,000 ordinary shares of Hercules Co. at P25 per share.…
A: Financial assets are purchased in order to increase the value of the excess fund available with the…
Q: On 1 October 2020, ABC Limited sold three machines to a customer for a total amount of R 1 900 000.…
A: As per IFRS 15, Revenue Recognition performance obligation is an promise given to customer to…
Q: ASSIMILATION ABM Company POST-CLOSING TRIAL BALANCE Dec. 31, 2016 Accounts Cash in Bank Petty Cash…
A: Accounting Equation :— Accounting Equation is Also Known as byalance sheet Equation. Accounting…
Q: Sherborn Construction, Inc. is a home builder in Arizona. Sherborn uses a job order costing system…
A: First, we need to calculate the predetermined overhead allocation rate for the year. For that, we…
Q: At the time of retirement, Tyre had 500 pcs of merchandise which was deemed sale at a value of…
A: Tax on merchandise (VAT) is the tax levied on the addition on the stage of production and service to…
Q: Dr Dr 9 Supples o ASSETS O Prop O Office Exppmant O LABAITS Accounts Payable O or Account Name Cash…
A: Ledgers - Ledgers are the T-Form of recording an account and post all the related transaction to…
Q: There are no reciprocal agreements between any of the states. For the year of the move, what should…
A: Tax return is the return which has to be file by the taxpayer for the incomes which has been earned…
Q: B and C Sporting Goods is opening for business this month. Complete the table on the provided…
A: Basic accounting equation is Total assets = Total liabilities + Owners equity
Q: As of January 1, Year 2, Room Designs, Incorporated had a balance of $5,200 in Cash, $2,850 in…
A: As per the honor code of Bartleby we are bound to give the answer of first three sub part only,…
Q: Leased assets On January 1, 2021, the chief operating officer of New Belgium, Jeff Stambaugh,…
A: Introduction: A journal entry is used to record a business transaction in the company's accounting…
Q: On January 1, 2018, Darna company granted an employee an option to purchase 40,000 ordinary shares…
A: For calculating the compensation expense , fair value of share option on grant date will be used .…
Q: Based on the foregoing facts, how much total current assets should be reported on the statement of…
A: Answer - Current Assets - A current asset is an item that get easily converted into cash on an…
Q: Accounting Victoria Ltd purchased from Albert Ltd the following parcel of assets and liabilities…
A: Golden rules of Accounting: Accounts Type Debit Credit Personal Accounts the receiver the giver…
Q: . Decrease beverage costs to 20% Decrease payroll costs to 32% (but benefit costs will increase by…
A: Budgeted Profit A business's budgeted profit calculation serves as a forecast of its financial…
Q: 3. The financial statements of Mugs Company appear below: MUGS COMPANY Comparative Balance Sheet…
A: Hi Dear, As per the honor code of Bartleby we are bound to give the answer of first three sub part…
Q: Would you mind sharing a secondary example please?
A: Allowance Method - Under allowance method company make provision of uncollectible accounts at the…
Q: On October 26, you plan to purchase a $1,800 computer by using one of your two credit cards. The…
A: A credit card refers to a credit facility that is provided by the banks or financial institutions…
Q: Which of the following statements are true? 1. The sum of all manufacturing costs except for direct…
A: The manufacturing costs also called product cost includes direct materials, direct labor and…
Q: At the beginning of 2019, Enif Co. purchased 100,000 of Cetus Co.'s ordinary shares for P3,000,000.…
A: Journal entries in the books of Enif Date particulars debit credit Beginning jan 2019 ordinary…
Q: Carl and Karina file a joint return. Karina earned a salary of $40,250 and received dividends of…
A: Social Security payments provide a percentage of wages for qualified retired and disabled persons,…
Q: is the entire answer for all the transactions. The entire T i
A: T accounts refer to the form of financial recording accounts which is based on the concept of a…
Q: Which of the following statements are true? 1. The fact that one department may be labor intensive…
A: Statement I and III are true option number 3 is the correct option
Q: The balance sheets at the end of each of the first two years of operations indicate the following:…
A: Lets understand the basics. Price earning ratio is a ratio which compare earning per share with the…
Q: Emley Company incurred direct materials costs of $750,000 during the year. Manufacturing overhead…
A: d. $2,450,000Solution: $750,000 + ($700,000 / .70) + $700,000 = $2,450,000
Q: The financial condition of two companies is expressed in the following accounting equation: Assets =…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: amount of income tax relating to those components.
A: There are standards set by the Indian Accounting standard board for the preparation of financial…
Q: D. Hepare the entry to assign factory labor to production. E15.2 (LO 1, 2, 3, 4), AP Stine Company…
A: JOB Costing :— Job costing is an accounting method designed to help you to track the cost of…
Q: Lighthouse Paper Company manufactures newsprint. The product is manufactured in two departments,…
A: Under process costing two methods can be used , weighted average or FIFO process costing method.…
Q: E2.2 (LO 1) Selected transactions for M. Acosta, an interior decorator, in her first month of…
A: Hi student Since there are multiple questions, we will answer only first question. If you want…
Q: What are inventories and what would they be the same for a company selling finished goods and for a…
A: Manufacturing company, manufacturers goods in various process and then make it ready to sale. The…
Q: On January 1, Year 2, the following information was drawn from the accounting records of Carter…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and…
A: Disclaimer: As per instruction of question we have to solve question 2 Activity-based costing…
Q: What are the most common DCF valuation models?
A: There are different types of DCF valuation models such as: 1.) BY using the terminal value technique…
Q: 3. The financial statements of Mugs Company appear below: MUGS COMPANY Comparative Balance Sheet…
A: The return on assets (ROA) shows the percentage of how profitable a company's assets are in…
Q: Required information [The following information applies to the questions displayed below.] NewTech…
A: Introduction: Straight-line depreciation is a popular method of reducing the value of a fixed asset…
Q: A Co. acquired 60% of the outstanding shares of B Co. on January 2, 2021. A Co. acquired it at book…
A: A consolidated income statement is prepared by the parent company which combines the standalone…
Q: Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead…
A: Introduction: An allocation rate known as a predetermined overhead rate is used to apply the…
Q: Select one:
A: All sorts of future cash flows in respect of adding interest on present value are known as future…
Q: On June 30, 2019, Cassiopeia purchased the following shares at a total cost of P3,600,000: Aquila…
A: The investment made in equity shares of other company may be recorded as trading securities or as…
Q: On November 20, 20X5, Diamond Corporation, a calendar-year US corporation, had merchandise delivered…
A: Solution Explanation- Dec 13 20x5 1- Unrealised gain on payable = Initial value - Closing value. =…
Q: In a mid-year purchase when the subsidiary's books are not closed until the end of the year, the…
A: During the mid-year purchase, when the books of the subsidiary are not closed till the end of the…
Q: The following were taken from the books of Amihan Company: Long-term Payable Notes Payable Property,…
A: The SFP is also known as balance sheet, which is one of the important financial statements of the…
Q: Balance Sheet MaxFit Weight Loss Co. offers personal weight reduction consulting services to…
A: The balance sheet represents the financial position of the business with assets, liabilities and…
If cash is $5450, accounts receivable is $10059,notes payable is $5285, common stock is $1161 how much is
Step by step
Solved in 2 steps
- Assets: Cash Accounts receivable (net) Investments Inventory Prepaid rent Total current assets Property & Equipment, (net) Total assets $66 179 55 200 28 528 264 $792 Liabilities and Stockholder's Equity: Accounts payable Other liabilities Total current liabilities Long-term liabilities Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity What is the debt to equity ratio? (Round your answer to two decimal places.) $246 81 327 118 445 156 191 347 $792Find out the company's cash ratio which has cash of P7500, cash equivalents of P26,250, accounts receivables of P4,300. Its total current liabilities are P45,000. What are cash equivalents? Exe2.1Based on the following data and assuming that the common stock account balance is $63000, what is the balance in retained earnings? Accounts payable $88000 Accounts receivable 51000 Cash 87000 Inventory 155000 Buildings 166000 Bonds payable 517000 Supplies 10300 Notes payable 66000 Equipment 351000 $149300 $240300 $86300 $174300
- Use the following information to answer all accounting questions Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes 2020 1726 2812 705 2000 4028 170 1755 99 185 2574 8754 8312 750 799 3621 4338 450 2021 1120 2254 800 2300 175 2056 120 271 1829 8245 10254 547 1021 4021 5768 690ASSETS = LIABILITIES + EQUITY Show Computation If accounts payable are 12.5 percent of total assets, and capital is twice as much as accounts payable, how much are the notes payable?If you have total liabilities of P1,200 and equity of P800, how much is your total assets?
- What is the Days Payables Outstanding? Use the attached financial data to calculate the ratios. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 42.3 days, 37.0 days OB. 76.1 days, 89.4 days OC. 89.4 days, 37.0 days OD. 76.1 days, 97.7 days 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1The balance sheet of Koehn, Incorporated, has the following balances: Cash Accounts receivable Inventory Beginning balance $ 30,300 48,200 126,500 611,900 Ending balance 43,200 415,000 $ 32,800 51,600 129,200 574,300 53,600 304,200 Net fixed assets Accounts payable Long-term debt What is the amount of the change in net working capital?The following items are reported on a company's balance sheet: $212,700 90,200 252,800 196,700 278,400 Cash Marketable securities Accounts receivable Inventory Accounts payable Determine the (a) current ratio, and (b) quick ratio. Round your answers to one decimal place. a. Current ratio b. Quick ratio
- suppose that a company's cash flow statement showed the following: net income: 22,523.99 deprecitation 4580.77 accounts receivable -543.32 inventory 592.81 accounts payable 880.05 what is this companys net cash from operating activities? A. 23,453.53 B. 27,154.25 C. 27,697.57 D. 28,034.30 E. 27,441.48You are given the following information: Cash=$407, inventory= $579, Notes payable=$301, Long-term debt=$1,680, Accounts payable=$393, Accounts Receivable=$265, Net fixed Assets=$6,141 and total shareholder equity =???. Build a balance sheet and solve for and include shareholder's equity. a. what is the company's quick ratio? b. what is the company's total debt to equity ratio? c. what is the company's total working capital?The following items are reported on a company's balance sheet: Cash $579,700 Marketable securities 452,900 Accounts receivable (net) 520,200 Inventory 258,800 Accounts payable 647,000 Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place. a. Current ratio b. Quick ratio