Homework Answers
| Option C is the answer | |
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Cash equivalents are those which are readily convertible to cash. And these cash equivalents includes cash, short term highly liquid trading investments. Comment if you face any issues |
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Cash equivalents include short-term, highly liquid trading investments plus accounts receivable less any bank overdrafts. O...
Cash equivalents include short-term, highly liquid trading investments plus accounts receivable less any bank overdraft...
Cash equivalents include short-term, highly liquid trading investments plus accounts receivable less any bank overdrafts. O are reported as non-current assets. O include short-term, highly liquid trading investments less any bank overdrafts. O include all investments in shares.
Cash and Equivalents are $1,561; Short minus −Term Investments are $1,000; Accounts Receivables are $3,616; Accounts...
Cash and Equivalents are $1,561; Short minus −Term Investments are $1,000; Accounts Receivables are $3,616; Accounts Payable are $5,121; Short minus −Term Debt is $288; Inventories are $1,816; Other Current Liabilities are $1,401; and Other Current Assets are $707. What is the amount of Total Current Liabilities?
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
2019 2018 Current assets: Cash $ 9,000 9,000 Short-term investments 12,500 7,500 Accounts receivable 82,000 (9,000)...
2019 2018 Current assets: Cash $ 9,000 9,000 Short-term investments 12,500 7,500 Accounts receivable 82,000 (9,000) $ 71,800 73,000 (7,000) Less: Allowance for uncollectibles 64,800 Inventory 191,000 2,000 193,000 2,000 Prepaid insurance Total current assets 287,500 276,300 Total current liabilities 105,000 109,000 Net sales (all on account). 757,900 732,000 Score: 0.83 of 5 pts 4 of 4 (4 complete) HW Score: 79.17% W S5-12 (similar to) Que Western Products reported the following amounts in its 2019 financial statements. The 2018...
Q2/ A first-year co-op student is trying to determine the amount of cash and cash equivalents...
Q2/ A first-year co-op student is trying to determine the amount of cash and cash equivalents that should be reported on a company’s statement of financial position. The following information was provided to the student at year end: 1. Cash on hand in the cash registers totals $3,160. 2. The balance in the commercial bank savings account is $53,600 and in the commercial bank chequing account, $22,000. The company also has a U.S. bank account, which contains the equivalent of...
Trading securities (at cost) Short-term stock investments (at cost) Equity method investments Held-to-naturity securities (long-tern) $...
Trading securities (at cost) Short-term stock investments (at cost) Equity method investments Held-to-naturity securities (long-tern) $ 5,200 23.500 70.500 13.500 Cash Fair value adjustment-stock Accounts receivable Fair value adjustment-trading $ 10.500 (-1.100) 2.500 600 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases Stock investments (Amounts deducted should be indicated by a minus sign.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets Cash Stock investments...
The Pioneer Company has provided the following account balances: Cash $39,400; Short-term investments $5,400; Accounts receivable...
The Pioneer Company has provided the following account balances: Cash $39,400; Short-term investments $5,400; Accounts receivable $7,400; Supplies $55,000; Long-term notes receivable $3,400; Equipment $103.000; Factory Building $194,000; Intangible assets $7,400; Accounts payable $28,600; Accrued liabilities payable $3,300; Short-term notes payable $16,800; Long-term notes payable $99,000; Common stock $194,000; Retained earnings $73,300. What is Pioneer's current ratio? 4 A company's January 1, 2019 balance sheet reported total assets of $157,000 and Total liabilities of $63,500. During January 2019, the company...
Assets 2018 Liabilities 2018 Cash and Cash Equivalents 63,000 Current Liabilities 40,000 Short-term Investments 3,000 Long-term...
Assets 2018 Liabilities 2018 Cash and Cash Equivalents 63,000 Current Liabilities 40,000 Short-term Investments 3,000 Long-term Liabilities 120,000 Inventory 21,000 Total Liabilities 160,000 Accounts Receivables 20,000 Total Current Assets 107,000 Total Owners' Equity 597,000 Fixed Assets 650,000 Total Assets 757,000 What is the firm’s current ratio and quick ratio in this order? 1.58; 2.68 2.68; 1.58 1.58; 2.15 2.68; 2.15
ASSETS 2016 2017 Current Assets: Cash and cash equivalents $125,000 $200000 Short-term investments $575 $600 Accounts...
ASSETS 2016 2017 Current Assets: Cash and cash equivalents $125,000 $200000 Short-term investments $575 $600 Accounts receivable $1500 $1700 Inventories $135 $150 Total Current Assets $127210 $202450 Investments: $800 $850 Property & Equipment: Medical equipment $600 $650 Office equipment $250 $800 Total $850 $1450 Accumulated depreciation ($126) ($135) Total Assets: $128734 $204615 LIABILITIES & EQUITY Current Liabilities: Salaries $175000 $225000 Benefits $1750 $2500 Accrued expenses $1100 $1200 Bad debt $375 $1500 Total current liabilities $178225 $230200 Long-Term Debt $1500 $1500...
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data...
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 185,000 $1,610,000 3.1 2.10 1.8 Required: Compute the long-term assets for Bronco: Long-term assets
Cash equivalents include short-term, highly liquid trading investments plus accounts receivable less any bank overdrafts. O are reported as non-current assets. O include short-term, highly liquid trading investments less any bank overdrafts. O include all investments in shares.
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
2019 2018 Current assets: Cash $ 9,000 9,000 Short-term investments 12,500 7,500 Accounts receivable 82,000 (9,000) $ 71,800 73,000 (7,000) Less: Allowance for uncollectibles 64,800 Inventory 191,000 2,000 193,000 2,000 Prepaid insurance Total current assets 287,500 276,300 Total current liabilities 105,000 109,000 Net sales (all on account). 757,900 732,000 Score: 0.83 of 5 pts 4 of 4 (4 complete) HW Score: 79.17% W S5-12 (similar to) Que Western Products reported the following amounts in its 2019 financial statements. The 2018...
Trading securities (at cost) Short-term stock investments (at cost) Equity method investments Held-to-naturity securities (long-tern) $ 5,200 23.500 70.500 13.500 Cash Fair value adjustment-stock Accounts receivable Fair value adjustment-trading $ 10.500 (-1.100) 2.500 600 Prepare the assets section of a classified balance sheet. Hint Fair Value Adjustment-Trading increases trading securities; Fair Value Adjustment-Stock decreases Stock investments (Amounts deducted should be indicated by a minus sign.) GERMX CO. Assets Section of Balance Sheet December 31 Assets Current assets Cash Stock investments...
The Pioneer Company has provided the following account balances: Cash $39,400; Short-term investments $5,400; Accounts receivable $7,400; Supplies $55,000; Long-term notes receivable $3,400; Equipment $103.000; Factory Building $194,000; Intangible assets $7,400; Accounts payable $28,600; Accrued liabilities payable $3,300; Short-term notes payable $16,800; Long-term notes payable $99,000; Common stock $194,000; Retained earnings $73,300. What is Pioneer's current ratio? 4 A company's January 1, 2019 balance sheet reported total assets of $157,000 and Total liabilities of $63,500. During January 2019, the company...
Bronco Electronics' current assets consist of cash, short-term investments, accounts receivable, and inventory. The following data were abstracted from a recent financial statement: Inventory Total assets Current ratio Acid-test ratio Debt to equity ratio $ 185,000 $1,610,000 3.1 2.10 1.8 Required: Compute the long-term assets for Bronco: Long-term assets
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