If current assets are $100,000 and current liabilities are $42,000, what is the working capital? A. 200 percent B. 50 percent C. 2.0 D. $58,000
Q: How much is the adjustment to the Cost of Sales account to set up its correct balance?
A: Cost of sales, also known as cost of products sold, represents the direct costs connected with the…
Q: List four items that will contribute to the achievement of a smooth operating cycle
A: Working Operating cycle includes inventory management and management of accounts receivables and…
Q: [The following information applies to the questions displayed below.] Antuan Company set the…
A: The variable cost per unit remains constant and total fixed costs remains constant at every level of…
Q: A total of 6,850 kilograms of a raw material was purchased at a total cost of 20,550. The material…
A: Introduction: A Material Price Variance occurs when the actual price billed for materials used in…
Q: The following balances were extracted from the books of Good, Gooder & Goodest Limited at December…
A: 1. Income Statement 2. Balance Sheet The first statement shows the income earned and loss incurred…
Q: The accountant for ABC established a petty cash fund of P2,000. During October. The fund was…
A: Petty cash: Petty cash fund is established to manage the payment for the small business expenditure…
Q: In 2021, Borland Semiconductors entered into the transactions described below. In 2018, Borland had…
A: Treasury stocks are repurchased shares of the company. The firm has the power to retire these shares…
Q: On January 1, 20x1, ABC sold a used vehicle with a historical cost of P2,000,0000 and accumulated…
A: Carrying value of Vehicle sold: Historical cost = p2,000,000 Accumulated depreciation = p700,000…
Q: How much is the goodwill on the consolidated balance sheet on December 31, 2021?
A: The requirement is to compute goodwill on the consolidated balance sheet on December 31, 2021. The…
Q: Compute the net profit if, Service Revenue OMR 110,000; Other income OMR12,000; salary Expenses OMR…
A: Introduction: Income statement: All revenue and expenses are to be shown in income statement. It…
Q: Banjo Corporation produces and sells two models of vacuum cleaners, Standard and Deluxe. Company…
A: Step 2 in the solution.
Q: Shown below are the direct cost data related to jobs started in October: Job 26 Job 27 Job 28 Total…
A:
Q: This year, Amy purchased $2,000 of equipment for use in her business. However, the machine was…
A: Equipment is the asset reported under the head plant, property, and equipment in the balance sheet…
Q: QUESTION ONE. Complete the table by showing the accounts to be debited and credited for Favor…
A: A transaction is a company contact that has an institutional impact on financial statements and is…
Q: When Job 117 was completed, direct materials totaled $9,518; direct labor, $14,467; and factory…
A: Cost per unit is calculated by dividing the total cost of production by the no. of units produced.…
Q: Jason Rover, Sara Down, and Cam Pret each have a $240,000 capital balance. They share profits and…
A: A journal entry is being used to record a commercial activity in an organization's accounting…
Q: 03 March 2022 ●Crisswork • CASH TRANSACTIONS • WORK WITH ACTIVITY • Credit Card Transaction • On 17…
A: Here discuss about the details of the effect in the transaction when the events are occurred in the…
Q: paration time, rest
A: The labors whose are slow, lazy , does not do work with full efficiency or the fresh labors will be…
Q: One, Two and Three were partners with capital balances on January 2, 20x10 of P100,000; P150,000 and…
A: Under bonus method ,excess payment to retiring partner bear by existing partner. In this case…
Q: Which of the following is not a question that can be answered with the cash flow statement? A. How…
A: Cash Flow Statement is one of the Financial Statements which shows the movement of cash in the…
Q: ABC Co. purchased goods with invoice price of P1,000 on account on Dec. 27, 2019. The related…
A: Lets understand the basics. FOB shipping point is a term in which goods ownership gets transfer once…
Q: 7. Em and Fifty formed a tax consulting partnership on February 1, 2018. Each partner contributed…
A: A partnership is a legally binding agreement between two or more parties to jointly own and…
Q: The income statement of Mus Plaga Services for the year ending 31 May 2021 showed service revenue of…
A: Cash received from customers will be beginning balance of accounts receivable plus total revenue…
Q: Given the following information, compute the current ratio Cash $ 120,000 Accounts receivable…
A: The current ratio is calculated as current assets divided by current liabilities.
Q: An investor was presented with a production line project in which the investment volume is 285,000…
A: The question is related to the Return on Investment and Breakeven Point. The Return on Investment is…
Q: The following information is for BOUNTY Company for December 2015: 1. On December 1, purchased…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: Healthy Spices Ltd has prepared a statement of profit or loss for the 12-month reporting period…
A: Accrual-Based Statement Of Profit & Loss- The accrual basis of accounting means that all the…
Q: enback Company sells both designer and moderately priced fashion accessories. Top management is…
A: A contribution margin is an excess value of sales revenue over the variable cost. It is also an…
Q: 4: If you make 6 annual deposits of $500 in your savings account, which earns a 5% compounded annual…
A: Future value of money grow with more deposits and more amount of interest being accumulated over the…
Q: use the calculations arrived at from the time value of places as displayed in the factor table…
A: Explanation of Concept Bond is that debt instrument which is used by the organization to finance its…
Q: ABC Co. purchased goods with invoice price of P1,000 on account on Dec. 27, 2019. The related…
A: Journal entries should not be used to record routine transactions including customer billings and…
Q: Kelly Pitney began her consulting business, Kelly Consulting, on April 1, 20Y5. The accounting cycle…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: After completing a horizontal and vertical analysis of the Balance Sheet and Income Statement. It…
A: The answer is stated below:
Q: QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues…
A: Businesses are always seeking for innovative ways to increase revenue. An rise in revenue without a…
Q: Required: A. Prepare a schedule of cash collections for July, August, and September B. Prepare a…
A: Depreciation is a non-cash expenses, so need to record the item in cash budget.
Q: mula to calculate residual income (RI). now Sports division is Non-snow Sports division is have Its…
A: Residual Income = Operating Income - (Percent Cost of Capital * Average Operating Assets)
Q: How can a bank mitigate LIQUIDITY RISK? Hold a large percentage of its liabilities in Core Deposits…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: Adjustment for accrued revenue requires a/an choose correct answer a. decrease liabilities…
A: Lets understand the basics. Adjustment entry is required to make to record correct amount of revenue…
Q: Chang Optical manufactures surgical lasers. Information for the year related to the company appears…
A: Applied overhead is the amount of overhead cost that has been applied to a cost item. Some…
Q: 1. What is the amount of dividend per share that MOONSTONE paid on March 31, 2021? 2. How much is…
A: The dividend is that portion of income that is distributed amongst shareholders (equity or…
Q: Business tran saction Jan 1 started business with RM 20000 cash. 2 Purchased furniture worth RM 5000…
A: A profit and loss statement is a summary of a company's revenue and expenses for a given period of…
Q: So the answer is 1394 or2450?
A: The deductible business expenses are the expenses which are incurred for business. If the expenses…
Q: For taxable year 2018, the company's sixth year of operations, the records of Mega Specialties, a…
A: Lets understand the basics. For solving this question, we are require to use below formula. Net…
Q: At 1 July 2019, the fair value of the non-controlling interest was $39 000 and SydMel Ltd adopts the…
A:
Q: Carrefour Company's gross profit is OMR 550,000. The other balances are: Insurance OMR 70,000, Rent…
A: Net Income before Interest and Tax = Gross Profit - Other Operating Expenses + Other Income
Q: ! Required information [The following information applies to the questions displayed below.] Nick's…
A: Payback period is Initial investment/ annual cash inflows Initial investment is $332000 Net cash…
Q: Entries for Materials Kingsford Furnishings Company manufactures designer furniture. Kingsford…
A: Journal Entry Recording the journal entry in the manufacturing process are different in accounting…
Q: In the review of records of King Company for the year ended December 31,2021, the following data…
A: Since you have posted a question with multiple sub parts, we will solve first three sub parts (As…
Q: s cannot contravene, much less overrid
A: The answer has been mentioned below.
Q: When raw materials are purchased, the cost is debited to an inventory account called ________.
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Answr with in a hour for upvotes
Step by step
Solved in 2 steps
- If current assets are $112,000 and current liabilities are $56,000, what is the current ratio? A. 200 percent B. 50 percent C. 2.0 D. $50,000If current assets are $112,000 and current liabilities are $56,000, what is the current ratio?A. 200 percentB. 50 percentC. 2.0D. $50,000If current assets are $100,000 and current liabilities are $42,000, what is the working capital?A. 200 percentB. 50 percentC. 2.0D. $58,000
- If the value of liabilities is 30000 OMR and Assets are 100000 OMR. Which of the following is the amount of Owner Capital? Select one: O a. 100000 OMR b. 90000 OMR c. 10000 OMR O d. 70000 OMRWhat is the value of assets if: Liabilities = R50,000 and Capital = R10,000If the annual interest on capital investment is $2000 and annual deposit into depletion reserve is $1000 then what is annual net income Select one: a. 5000 b. 6000 C. 4000 d. 3000
- Two capital assets display the following: E(RA) = 12% σA = 1.5% E(RB) = 15% σB = 1.0% If asset A´s return is 5% below the Capital Market Line (CML), and asset B´s return is 1% below the CML, what is the equation of the CML? a) E(Ri) = 0.1203 − 0.02σi b) E(Ri) = 0.09 + 2σi c) E(Ri) = 0.1227 + 0.02σi d) E(Ri) = 0.15 − 2σi e) E(Ri) = 0.14 + 2σi16. What would income property be valued at if it had $50,000 annual gross income with 40% expense ratio and the agent uses 10% capitalization rate? A. $300,000 B. $200,000 C. $250,000 D. $500,000Determine the future value of the following single amounts (FV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount.): Invested Amount Future Value 1. 14,000 7% 15 2. 21,000 6% 16 3. 33,000 12% 15 54,000 5% 11 4.
- If the annual deposit into depletion reserve is $ 1000 and annual interest on capital investment is $ 125, then find annual net income- -- Select one: O a. $ 1125 b. $ 875 c. $ 1025 d. $ 975If assets are $375,000 and equity is $125,000, then llablikies are: O O Multiple Choice O $500,000. $125,000. $625,000. $250,000. $375,000 15Current assets = 1000000 Current liabilities = 2000000 Find current ratio and net working capital?