10. If a company has current assets of $230,000 and current liabilities of $100,000 the amount of its working capital is O $ 130,000 O $ 330.000 $ 130,000
Q: Red Company reported sales of $8,100,000 in 2010. At the end of the year, the following quality…
A: The question is related to Quality Cost. The quality cost is classified into two 1. Cost of…
Q: Jack Jones, an American residing in New Jersey, USA, single, died on October 1, 2020. His executor…
A: Promissory note from Jose Juan, a resident of Pampanga shall not be included in gross estate…
Q: On June 30, 2018, Parent Company sold some land to its subsidiary for $240,000. The land had cost…
A: As on December 31,2018 the land is not sold by subsidiary. Land was sold by subsidiary to outsider…
Q: On July 20, 2021, Benildo Corp. discounts a 120 days, 15% P250,000 note of a customer dated July 10,…
A: Cash proceeds from discounting the note = Maturity value of the Note - discount amount where,…
Q: factor that could explain why the falsifying of financial statements is occurring so frequently.
A: The practice of utilizing innovative accounting procedures to make a firm's financial statements…
Q: each 10 November Purchased 410 units of stock @ £40 each 23 December Sold 100 units of stock @ £75…
A: a) Month opening stock Purchases Sales Closing stock July 150x20 =3000 150x20 =3000…
Q: On January 3, 2022, P Company acquired 70% interest in S Company for P4,200,000. Consideration…
A: Consolidated Retained earnings include the beginning retained earnings, income of parent , share of…
Q: Karmee Company has been accumulating operating data in order to prepare an annual profit plan.…
A: Customer billing: When a customer receives its goods or service from the seller, he/she pays the…
Q: Steven Company has fixed costs of $365,640. The unit selling price, variable cost per unit, and…
A: Total breakeven point = Total fixed costs / Weighted average contribution margin per unit where,…
Q: The cost of an asset is $1,070,000, and its residual value is $220,000. Estimated useful life of the…
A: GIVEN The cost of an asset is $1,070,000, and its residual value is $220,000. Estimated useful…
Q: What are examples of various types of business-type funds used in governmental units? How are…
A: Fund used by Government Units: When the federal government completes tax-supported activities, a…
Q: stion 8 Golden Corporation have the following information from its books: Sales P1,600,000 Credit…
A: The average days sales tells about the number of days taken to convert inventory into sales. Average…
Q: Question 3 Assuming the following quotes, calculate how a market trader at Citibank with $1,000,000…
A: We are given quotes of three different banks for different currencies. The trader intends to make…
Q: investigative techniques used to uncover the fraud.
A: Fraud is defined as a false portrayal of the facts that cause the victim of the fraud to suffer harm…
Q: Through dividends and capital gains on changes in stock market prices, investing in the capital…
A: Available for sale securities are those which do not fall under any of the categories, namely held…
Q: Price 85 8 Price 75+ 26 7- 24 65- 22 Social Cost 6+ 20 55 18 Supply 16 45 14 Private Cost 4 - 12 35…
A: External Cost = Social Cost - Private Cost = 5 - 3.5 = 1.5 ( As per First Graph) External…
Q: 11. Chuck Wells purchased a condominium with a market value of $125,000 in The Villages. The…
A: The property tax can be defined as the annual payment required to be paid by the owners of the…
Q: How does evidence contribute to conducting a complete and ethical audi
A: Audit entails conducting an official inspection of a company’s books of accounts. The inspection and…
Q: ow much is the total deferred charges in 2023?
A: Basic Concept of Accounting Deferred Charges
Q: Question 5 Tomatsui Company provided the following annual data: Sales P3,500,000 Cost of Sales…
A: Minimum Cash Balance is the balance required to manage all the operations of the company including…
Q: 62. How much is the total EXCLUSIONS FROM GROSS INCOME?
A: As per our protocol and guidelines we provide solution to the one question only but you have asked…
Q: Which of the following statements is true regarding the calculation of a C corporation's taxable…
A: Here discuss about the treatment of taxable income for the C corporation and the details which are…
Q: What is the revenue to be recognized by Entity A for the year ended December 31, 2020?
A: Particulars Stand-alone amount Revenue Royalty $25000 Non-Refundable Fees: Construction…
Q: 1. What is the pre-determined overhead rate? A. P 5.69 P 4.86 P 5.45 P 4.27 В. С. D.
A: Overhead refers to the operating expense of the business. Overheads are very important to for the…
Q: On January 1, 2019, ABC Company leased an office building with the following term Annual rental at…
A: Lease is legal contract between two parties to use assets or rent assets. Lease agreement is for…
Q: Using a periodic FIFO inventory system, determine the cost of the closing inventory and the cost of…
A: FIFO method is first come first basis. The units purchased first are sold first No of units sold =…
Q: Question 16 Covidfree Corp. has a credit line of P1,500,000. The bank requires compensating balance…
A: A compensating balance is the balance a borrower must keep with a lender, usually when taking out an…
Q: Kilos Cost 80,000.00 160,000.00 60,000.00 132,000.00 What is the estimated cost of handling 75,000…
A: The high low method can be used to separate the fixed and variable cost from the mixed cost and…
Q: Which of the following refers to the elements of Comprehensive Income? a) Net Income, Interest…
A: Net income is the excess of sales over all the expenses including interest expense and income taxes.
Q: Differential Costs are the difference in cost between any two alternative choices True False
A: Differential cost is the cost difference when two alternatives are projected. It also the cost…
Q: Ictcivubies, using AllUwance Method Journalize the following transactions in the accounts of Zippy…
A: Solution:- Preparation of journal entries as follows under:-
Q: Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it…
A: A cash flow statement indicates cash inflow and cash outflow information of a particular time…
Q: The following information is available for a potential capital investment. Initial investment…
A: Profitability index is ratio of the present value of cash flow to the initial investment of the…
Q: REQUIRED: prepare the Balance Sheet Equation for the following: 1) On 9/1/13, Strand Corp received a…
A: The accounting equation follows the concept that the assets are always equal to the sum of…
Q: These statements are presented to you for evaluation:
A: Any person can transfer his property to whom so ever he wants but there are certain conditions to be…
Q: When considering trade of two goods between Ann and Bob, if both have preferences that satisfy "more…
A: Answer:- Pareto efficiency:- Pareto efficiency is that kind of an economic condition in which…
Q: Pharoah Corp. has the following beginning-of-the-year present values for its projected benefit…
A: Introduction The corridor is equal to 10% of the higher between Projected Benefit Obligation and…
Q: Firm B, a calendar year, cash basis taxpayer, leases lawn and garden equipment. During December, it…
A: The total amount of money received by the taxpayer from all sources throughout the taxable year is…
Q: a. Under Normal Costing Method, how shall material over-application or under-application of factory…
A: We know that in Costing over application and under application of overhead is the difference between…
Q: Q/ Here are the inventory records for AT Co for the month of Mar. Date Account nameQuantity Unit…
A: Inventory is one of the current asset of the business reported in the balance sheet. It includes…
Q: Tomatsui Company provided the following annual data: Sales P3,500,000 Cost of Sales P2,275,000…
A: Incase of calculation of minimum cash balance there is a simple way to calculate exactly how much…
Q: Central Drug Store carries a variety of health and beauty aids, including elastic ankle braces. The…
A: Projected sales is the pre-determined sales units or dollar sales for a certain date or…
Q: Required information [The following information applies to the questions displayed below.] The…
A: Partnership Assets: Partnership assets are the economic resources which are contributed by partners…
Q: ABC Company budgeted the following production in units for the second quarter of the year: April…
A: Budget means the expected value for future. Raw material means the goods which is processed to make…
Q: A land development company is considering the purchase of earth-moving equipment. This equipment…
A: It is the annual cost of purchasing, operating and maintaining the asset throughout the life of the…
Q: b. Ef sells capital assets to EFG for a $45,000 loss. What type of loss is it and how much of this…
A: When a loss is incurred due to the selling of a capital asset, it is known as a capital asset. It is…
Q: 4. What is the balance in Warranty Liability at the end of 2021 and 20 O Answer is complete but not…
A: Warranty refers to a promise or guarantee given by the seller or manufacturer of a product to its…
Q: April Ltd. is located in Alberta, a province which does not participate in the HST program and has…
A: Input tax credit refers to the GST paid on purchases and it being eligible for tax deduction. It…
Q: On J anuary 1, 2019, kelly Corporation acquired bonds wiili a face value of $500,000 for $483841.79,…
A: A journal entry is the technique through which a firm records every individual financial…
Q: The following changes took place last year in Pavolik Company’s balance sheet accounts: Asset and…
A: The question is based on the concept of Cash flow statement. Cash flow statement is the statement…
Step by step
Solved in 2 steps
- 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. $58,000The following information is available on Company A: Sales Operating Income $900,000 $36,000 Shareholders' Equity Average Operating Assets $100,000 $180,000 Minimum Required Rate of Return 15% What is the fixed asset turnover for Company A? ○ 25 ○ 5 O 9 O2A company has $120,000 in current liabilities and $200,000 in noncurrent liabilities. What would the total amount of the company's liabilities be? O A. $160,000 O B. $200,000 C. $320,000 D. $80,000 SUBMIT
- 13 - ABC Company's selected financial statements items are given as following. Its cash and cash equivalent 5.000 TL, account receivable 8.000 TL, inventory 6.000 TL, financial debt 9.000 TL, account payable 7.000 TL for the year 2020. Calculate Operating Net Working Capital for 2020. a) O 7000 b) O -3000 c) O 4000 1383170 d) O 3000q. 19 A frim has net working capital of $509, net fixed assets of $2,336, sales of $7,000 and current liabilities of $900. How many dollars worth of sales are generate from every $1 in total assets? $3.00 $1.83 $1.53 $2.16 $2.39The following are available for divison X and Y Profit before interest and tax X 185 000 Y172 000 Capital employed X 1 540 000 Y 1 650 000 The cost of capital is 10% comment on the performance of the departments based on a. Return on capital employed b.residual income
- The following data pertain to Dakota Division's most recent year of operations. $ 17,500,000 200,000,000 65,000,000 Income Sales revenue Average invested capital Assume that the company's minimum desired rate of return on invested capital is 12 percent. Required: Compute Dakota Division's residual income for the year. Residual income 20 CE FB F6 F9 F10 Prisc Inse F11 F12 & 3 6 9. R U FThe following results are available for Division X and Y:Division X Division YProfit before interest and tax P185 000 P172, 000Capital employed P1, 540, 000 P1, 650, 000The cost of capital is 10%.Calculate and comment on the performance of the departments based on:a. Return on capital employed (4 marks)b. Residual incomQUESTION 8 Calculate the Working Capital Ratio for the following: Current assets: $805,000 Current l'abilities: $1,450,000
- 12:09 pm a Bll 36% O 4 58346850211... Assignment- project analysis and evaluation Business management -ext -3d year 2021 g.c Ex: 1. A company is considering to appraise two projects. Two projects are available X and Y each costing $ 50, 000. the annual cash flows are expected as below, ACFS Year Plant X Plant Y 1 $ 15, 000 $ 5, 000 20, 000 15, 000 3 25, 000 20, 000 4 15, 000 30, 000 5 10, 000 20, 000 The cost of capital is 10%. Calculate 3) Profitability Index 4) Internal Rate of Return Scanned by CamScannerThe current ratio of Company X is 3.0. Company X has working capital of $20,000. Total current assets for Company X are: A. $6,667 B. $10,000 C. $30,000 D. $60,000'Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600000. What is the return on investment for Division A? A. 20% B. 25% C. 33% D. 40%