calculate Net Income and total assets
Q: Which method use net income and which use cashflow.
A: Statement of cash flows: It is one of the financial statement that shows the cash and cash…
Q: tatements:
A: The income statement determines the net income of the business by subtracting the total expenses…
Q: measurement of the value of an item appearing in the Financial Statements
A: Option 1 is wrong because the value of property, plant and equipment may appear at fair value, not…
Q: Explain the following measurement bases of the elements of financial statements and indicate how…
A: Basis of accounting, is the way through which the various financial transactions are recorded in the…
Q: What is the significance of preparing the Income Statement
A: The income statement is one of the financial statements of the business which records the revenues…
Q: The flow of money or its equivalent produced by an asset dividends and interest a. investment b.…
A: An investment is defined as an asset or invested, which used in building the wealth as well as…
Q: Prepare the income statement and balance sheet
A: Income Statement: An income statement is one of the financial statements that display the financial…
Q: Define the concept of Financial Assets
A: Definition:- Generally Financial assets are not in physical nature assets. Which are liquid assets…
Q: e accrued interest income
A: Interest on note = Amount of note * Interest rate * Number of months elapsed/Number of months in a…
Q: Describe the format used to report the components of net income.
A: Net income: Net income is the excess amount of revenue after deducting all the expenses of a…
Q: Define (a) assets, (b) liabilities, (c) equity, and (d) net assets.
A: Step 1 The elements of financial statements are the general categorization of items contained…
Q: Explain income statement?
A: Financial accounting means summarizing, analyzing, reporting of financial transactions of a…
Q: Which are the total interest expense in the income statement?
A: Interest expenses mean costs related to financing. It is also called finance costs. From the above…
Q: How can we determine the net income from operations and then adjust the net income?
A:
Q: Compute for the total current assets, non-current assets, current liabilities, non-current…
A: Assets, Liabilities and Equity are three important elements of the balance sheet of the business
Q: Define return on total assets.
A: Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities,…
Q: How to calculate or compute the operating income and the net income
A: Operating Income: Income generated from the business operation is called operating income. In simple…
Q: From the following, calculate what would be the total of assets on the balance sheet.
A: Asset: Assets are tangible or intangible items that are used and controlled by the company for…
Q: Explain the accounting equation while considering the relationship between asset, liabilities and…
A: Accounting equation of accounting says that after every business transaction total of assets should…
Q: What is the purpose of the income statement?
A: Financial statement: Financial statements are condensed summary of transactions communicated in the…
Q: Current Assets value in the balance sheet ?
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…
Q: How to compute the amount of net income or net loss
A: Net Income or net loss is computed by preparing the income statement.The first step in computing the…
Q: Income Statement, i
A: Impairment Loss 280 Service Income 204500 Salary Expense 114600 Rental Income 22000 Rent…
Q: State the meaning of Income and Expenditure Account.
A: Accounting: It refers to the process of recording the financial transactions of an organization…
Q: Total Current assets value to be reported in Balance sheet?
A: Introduction: Current Assets: Current Assets are the most liquid Assets like cash and cash…
Q: Which concept is applied to net income and other comprehensive income? A. Borrowed Capital B.…
A:
Q: Accrued revenues would appear on the balance sheet as A. assets B. liabilities C. capital D.…
A: As per revenue recognition principle, revenues earned during a period should be recognized as…
Q: Return on Total Assets
A: Return on Investment: Return on Investment is a measure of how well the company is performing using…
Q: O Assets and Liabilities Income and Capital Revenue and Expenses O Assets and Liabilities and…
A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first…
Q: Distinguish between operating income and net income?
A: The main purpose of carrying on business operation is earning profits or income. It is the incentive…
Q: Define financial assets and explain their valuation in the balance sheet.
A: Definition:
Q: calculate return on assest for this statement
A: Introduction:- Return on asset ratio indicates how efficiently a company can manage its assets to…
Q: The monetary value of the net assets is reported at its historical cost on the balance sheet? a.…
A: Physical capital is represented by the capital utilized for acquiring tangible fixed assets or…
Q: Define and explain the relationship between Assets, Liabilities, Equity, Revenues and Expens
A: Corporation - An organization that has been registered as a corporation under a corporation act has…
Q: Income statement and balance sheet
A: Income statement and balance sheet are two important financial statements which are prepared for the…
Q: Total current Assets in the balance sheet
A: Introduction:- Current assets:- Current assets are all the assets of a company that are expected to…
Q: The income statement reflects which of the following? Choose one answer. Liabilities and revenue…
A: An income statement is a financial statement that shows you the company’s income and expenditures.…
Q: Indicate in which financial statement each item would most likely appear: income statement (I),…
A: Income statement of the business shows profit or loss of the business for the particular period of…
Q: Prepare an income statement and balance sheet
A: Trial Balance Dr. Cr. Cash 45450 Common Stock 50000 Prepaid rent 3000 Equipment 5000…
Q: A balance sheet classifies items into one of three main groups. These groups are: a. Income,…
A: Balance sheet: It can be defined as one of the financial statements that shows all the liabilities…
Q: Identify the uses and limitations of an income statement.
A:
calculate Net Income and total assets
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- Net Income Interest (Loss) $ 185, 000 179, 600 157, 250 188, 100 Expense $ 59, 200 Income Taxes $ 46, 250 64,656 66, 045 90, 288 a. b. 80, 820 44,030 11, 286 c. d. Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers In the tabs below. Times Interest Interest Earned Ratio Coverage Which company indicates the strongest ability to pay interest expense as it comes due? Which company indicates the strongest ability to pay interest expense as it comes due? < Times Interest Earned RatioPartial Income Statement Excel Exercise Compute the Following ՀԱՐ Sales COGS SG&A Depreciation Debt Int. Rate Tax Rate* 2019 100 40 EBITDA EBIT 25 Interest 10 EBT 0.08 Tax 0.25 Net Income ? ? ? ? ? ? Partial Balance Sheet Debt and Loans 150 Total Equity 150 Total Assets 300 Inv. Change 10 A/R Change A/P Change 35 20 Net Profit Margin Equity Multiplier Verify Dupont ROE ? סיי ? ? ? ? ? * Assume all taxes paid in current period (no accrued taxes) for rest of course CF from Operations ROE Asset Turnover CED Tt O 24Compared to the ROE in 2020, the ROE in 2021 has Improved / 6.65% Improved / 3.43% Worsened / -6.65% Worsened / -3.43% Stayed the same / 0% by
- Liabilities Liquid assets Monthly credit payments Monthly savings $ 8,800 $ 5,000 24668 $ 150 Net worth Current liabilities Take-home pay Gross income $ 59, 000 $ 1,350 $ 2,600 2,900 a. Debt ratio b. Current rationeed the calculation for debt to assets ratio, debt equity ratio, long-term debt to equity and times interest earned ratio. CURRENT ASSETS Cash and cash equivalents $ 5,910 $ 5,238 Marketable securities 406 503 Accounts receivable 10,888 9,645 Less: Allowance for credit losses (138) (93) Accounts receivable, net 10,750 9,552 Assets held for sale 1,197 0 Other current assets 1,953 1,810 Total Current Assets 20,216 17,103 Property, Plant and Equipment, Net 32,254 30,482 Operating Lease, Right-of-Use Asset 3,073 2,856 Goodwill 3,367 3,813 Intangible Assets, Net 2,274 2,167 Investments and Restricted Cash 25 24 Deferred Income Tax Assets 527 330 Other Non-Current Assets 672 1,082 Total Assets 62,408 57,857 Current Liabilities: Current maturities of long-term debt, commercial paper and finance leases 2,623 3,420 Operating Lease, Liability, Current 560 538 Accounts payable 6,455 5,555 Accrued wages and withholdings 3,569 2,552…The following are the Financial Statements of Louise Company: Loulse Company Statement of Financial Position As of December 31, 2015, and 2016 2015 2016 ASSETS Current Assets Cash Accounts Receivables, net Merchandise Inventory Marketable Securities 198,000 30,000 15,000 20,000 10,000 273,000 270,000 40,000 10,000 20,000 8.000 348,000 Prepaid Expenses Total Current Assets Non-Current Assets Land Building, net Machinery, net Fumiture and Fixtures, net Long-term Investments Total Non-Current Assets 500,000 390,000 100,000 50,000 100,000 L140.000 500,000 380,000 90,000 45,000 80,000 1,095,000 TOTAL ASSETS 1413.000 1.443.000
- Balance SheetAssets LiabilitiesCurrent Assets Current LiabilitiesCash 46 Accounts payable 39Accounts receivable 23 Notes payable/short-term debt 5Inventories 20Total current assets 89 Total current liabilities 44Long-Term Assets Long-Term LiabilitiesNet property, plant,and equipment 121 Long-term debt 133Total long-term assets 121 Total long-term liabilities 133Total Liabilities 177Stockholders' Equity 33Total Assets 210 Total Liabilities and 210Stockholders' Equity The above diagram shows a balance sheet for a certain company. Allquantities shown are in millions of dollars. What is the company's networking capital? Explain19. Ebasan Company have the following account balances: Cash (net of overdraft of P100,000) Accounts receivable Accounts payable Notes payable Loans payable Income tax payable Warranty obligations Deferred revenue Cumulative, redeemable preference shares at the option of the holder Non-cumulative, non-redeemable preference shares What is the total amount considered as financial liabilities? A. 4,620,000 B. 3,620,000 C. 4,600,000 D. 4,500,000 P300,0000 450,000 1,200,000 500,000 1,800,000 120,000 180,000 240,000 1,000,000 2,000,000Given the following information interest income 3500, interest expense 2700, total assets 14000, 12 security losses or gain (75), earning assets 6781. total liabilities 9005, tax 30 percent, shares of common stock outstanding 3444, non-interest income 80, non-interest expense 130 and O ?provision for loan losses 120. what is the ROE
- Question 4: Us the information below to answer the following questions AR, Net of allowance for uncollectable accounts of 16 and 17 Partial Income statement Revenue COGS Gross Profit SG&A Expense Bad Debt Expense Pre Tax Income Other information Write offs were $9 and $14 in years 1 and 2, respectively There was a recovery of $2 in year 2 Year 1 140 Year 1 1,120 680 440 (350) (12) 78 Year 2 168 Year 2 1,480 720 760 (375) (13) 372 Question 4, Part 1: What entries did the firm make to the allowance for uncollectable accounts in year 1?A Madison Makeup reported the following on its most recent financial statements (in 2! 3 Miscellaneous financial information 4 Total liabilities 5 Marketable securities 6 Net working capital 7 Short-term debt 8 Total current liabilities b9 Total revenue B 10 Total stockholders' equity 11 Current portion of LT debt bl 12 Operating net working capital 13 Long-term debt (in LT liabilities) 14 m 15 What did Madison Makeup report as long-term assets? 16 Amount 298,916 0 360,058 27,135 129,494 358,570 1,187,584 18,285 224,100 128,901Question No. 1: Given Data Net interest income 810 Provision for loan loss 90 Total non-interest expenses 840 3060 Total interest income A Income taxes 60 Increase in bank's undivided profits 84 Total non-interest income 360 Securities gain (losses) (30) Extraordinary items (15) Using the above data please calculate the following items: | No. Item 1 Net Income after Taxes 2 Total Operating Revenues Total Operating Expenses to Dividends Paid Common Stockholders. Net Noninterest Income 3 4 $ Solve for Net Income After Taxes Total Interest Income Total Int. Expenses Provision Loan Loss Noninterest Income Noninterest expenses Pretax Securities losses Pretax net Tax Before Extraordinary Extraordinary Net Income after Taxes Calculation I