Homework Answers
| Answer | ||||||||||
| Assets and Equities at a point of time | ||||||||||
| Because we prepare balance sheet on a particular date (Eg: most commonly year end, balance sheet as on 31-3-2019) | ||||||||||
| and it shows the financial position of the company. | ||||||||||
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Question 14 (1 point) The balance sheet reports: Net income at a point in time. Cash...
Question 12 (1 point) Which is a shareholders' equity account in the balance sheet? Salaries payable....
Question 12 (1 point) Which is a shareholders' equity account in the balance sheet? Salaries payable. Accumulated depreciation. Accounts receivable. Paid-in capital. Previous Page Next Page Submit Quiz of 15 questions saved Page 13 of 1 Previous Page Question 13 (1 point) eastern is preparing its annual report for the current fiscal year. The company's controller has asked for your help in determining how best to disclose information about the following item: 1. Inventory costing method. Required: Indicate whether the...
Previous Page Question 6 (1 point) Lack of long-term solvency refers to: Long-term assets. The length...
Previous Page Question 6 (1 point) Lack of long-term solvency refers to: Long-term assets. The length of time becfore long-term debt becomes duce. Risk of nonpayment of long-term liabilities The ability to refinance long-term debt when it becomes due. Previous Page Next Page Submit Quiz 0 of 15 questions saved Next Pa Page / of 15 Previous Page Question 7 (1 point) Hogan Supply is preparing its annual report for the current fiscal year. The company's controller has asked for...
Question 10 (1 point) The acid-test ratio is: Current assets minus inventory divided by current liabilities...
Question 10 (1 point) The acid-test ratio is: Current assets minus inventory divided by current liabilities minus accounts payable. Current assets minus inventory and prepaid items divided by current liabilities. Cash divided by accounts payable. The liquidity ratio divided by the equity ratio. Previous Page Next Page Pa Submit Quiz 0 of 15 questions saved Question 11 (1 point) Management's Report on Internal Control Over Financial Reporting: Contains personal certification of the financial statements by the company's executives. Contains a...
Help Save & Ex Saved Cain Inc. reports net income of $15,600. Its comparative balance sheet...
Help Save & Ex Saved Cain Inc. reports net income of $15,600. Its comparative balance sheet shows the following changes: accounts receivable increased $6,600; inventory decreased $8,600: prepaid insurance decreased $1,600; accounts payable increased $3,600 and taxes payable decreased $2,600. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Changes in...
Question 3 (1 point) ✓ Saved You are given a cash flow with an expense at...
Question 3 (1 point) ✓ Saved You are given a cash flow with an expense at EOY O, and revenues from EOY 1 to EOY 5. To compute the NAW of this cash flow using Excel, you must: a) Use the PMT function for cash flows from EOY O to EOY 5 b) Compute the NPV of this cash flow and then compute the PMT of this NPV value where Nper=1 Compute the NPV of this cash flow at EOY...
Time Left:0:56:27 Emma Elgan: Attempt 1 Previous Page Next Page Question 2 (1 point) What is...
Time Left:0:56:27 Emma Elgan: Attempt 1 Previous Page Next Page Question 2 (1 point) What is the mass of 2.0 moles of boron trifluoride (BF3)? 29.88 33.98 59.6g 67.88 136g Previous Page Next Page Submit Quiz 1 of 10 questions saved 9 Search or enter website name
Question 15 (1 point) The following partial balance sheet (S in thousands) for Paisano Seafood Inc....
Question 15 (1 point) The following partial balance sheet (S in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Liabilities and Equity Current liabilities: S 240 80 320 110 430 S 60 Accounts payable Other liabilities 200 Long-term liabilities 505 Shareholders' equity: Retained earnings S 760 Total liabilities and equity 170 Accounts receivable (net) Notes receivable Inventories Prepaid expenses Total current assets Plant assets (net) 50 Total current liabilities 25 Total liabilities 255 Capital stock 150...
Income statement _______ Click on an event in any transaction report b. Balance sheet _______ Click...
Income statement _______ Click on an event in any transaction report b. Balance sheet _______ Click an account on any report c. Statement of cash flows _______ Click to add a new column in a report d. AR aging report _______ Reflects unpaid bills for the current period e. AP aging report _______ Reports revenues and expenses f. Inventory valuation report _______ Includes operating, investing, and financing activities g. Profit and Loss report _______ Reports inventory quantities on hand h....
The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning...
The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year, respectively. Sales revenues are $11 million ($0.8 million in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track's cash return on assets compare to the industry average of 10%? Multiple Choice 0 0 0 0 Cannot be determined with the data provided.
Question 3 (1 point) Using the following balance sheet and income statement data, what is the...
Question 3 (1 point) Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 21,000 Net income Current liabilities 12.000 Stockholders' equity Average assets 132.000 Total liabilities Total assets 90.000 Average common shares outstanding was 15,000. $ 45,000 63.000 27,000 1) 0.78:1 2) 3.33:1 3) 0.57 : 1 4751 :00 Time Left:0:32:35 LIUI Vvulueyesus. AerHPL I Question 4 (1 point) Use the following data to determine the total dollar amount of assets to...
Question 12 (1 point) Which is a shareholders' equity account in the balance sheet? Salaries payable. Accumulated depreciation. Accounts receivable. Paid-in capital. Previous Page Next Page Submit Quiz of 15 questions saved Page 13 of 1 Previous Page Question 13 (1 point) eastern is preparing its annual report for the current fiscal year. The company's controller has asked for your help in determining how best to disclose information about the following item: 1. Inventory costing method. Required: Indicate whether the...
Previous Page Question 6 (1 point) Lack of long-term solvency refers to: Long-term assets. The length of time becfore long-term debt becomes duce. Risk of nonpayment of long-term liabilities The ability to refinance long-term debt when it becomes due. Previous Page Next Page Submit Quiz 0 of 15 questions saved Next Pa Page / of 15 Previous Page Question 7 (1 point) Hogan Supply is preparing its annual report for the current fiscal year. The company's controller has asked for...
Question 10 (1 point) The acid-test ratio is: Current assets minus inventory divided by current liabilities minus accounts payable. Current assets minus inventory and prepaid items divided by current liabilities. Cash divided by accounts payable. The liquidity ratio divided by the equity ratio. Previous Page Next Page Pa Submit Quiz 0 of 15 questions saved Question 11 (1 point) Management's Report on Internal Control Over Financial Reporting: Contains personal certification of the financial statements by the company's executives. Contains a...
Help Save & Ex Saved Cain Inc. reports net income of $15,600. Its comparative balance sheet shows the following changes: accounts receivable increased $6,600; inventory decreased $8,600: prepaid insurance decreased $1,600; accounts payable increased $3,600 and taxes payable decreased $2,600. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Changes in...
Question 3 (1 point) ✓ Saved You are given a cash flow with an expense at EOY O, and revenues from EOY 1 to EOY 5. To compute the NAW of this cash flow using Excel, you must: a) Use the PMT function for cash flows from EOY O to EOY 5 b) Compute the NPV of this cash flow and then compute the PMT of this NPV value where Nper=1 Compute the NPV of this cash flow at EOY...
Time Left:0:56:27 Emma Elgan: Attempt 1 Previous Page Next Page Question 2 (1 point) What is the mass of 2.0 moles of boron trifluoride (BF3)? 29.88 33.98 59.6g 67.88 136g Previous Page Next Page Submit Quiz 1 of 10 questions saved 9 Search or enter website name
Question 15 (1 point) The following partial balance sheet (S in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Liabilities and Equity Current liabilities: S 240 80 320 110 430 S 60 Accounts payable Other liabilities 200 Long-term liabilities 505 Shareholders' equity: Retained earnings S 760 Total liabilities and equity 170 Accounts receivable (net) Notes receivable Inventories Prepaid expenses Total current assets Plant assets (net) 50 Total current liabilities 25 Total liabilities 255 Capital stock 150...
The balance sheet of Tech Track reports total assets of $400,000 and $500,000 at the beginning and end of the year, respectively. Sales revenues are $11 million ($0.8 million in the previous year), net income is $40,000, and net cash flows from operating activities are $50,000. How does Tech Track's cash return on assets compare to the industry average of 10%? Multiple Choice 0 0 0 0 Cannot be determined with the data provided.
Question 3 (1 point) Using the following balance sheet and income statement data, what is the current ratio? Current assets $ 21,000 Net income Current liabilities 12.000 Stockholders' equity Average assets 132.000 Total liabilities Total assets 90.000 Average common shares outstanding was 15,000. $ 45,000 63.000 27,000 1) 0.78:1 2) 3.33:1 3) 0.57 : 1 4751 :00 Time Left:0:32:35 LIUI Vvulueyesus. AerHPL I Question 4 (1 point) Use the following data to determine the total dollar amount of assets to...
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