The following balance sheet information is available: Cash $154,000 Accounts Receivable 7,000 Merchandise Inventory 56,000 Property,...
The following balance sheet information is available: Cash $154,000 Accounts Receivable 7,000 Merchandise Inventory 56,000 Property, Plant & Equip. 119,000 Intangible Assets 64,000 Total Assets $400,000 Intangible Assets is what percentage of Total Assets?
Homework Answers
% of Intangible Assets =Intangible Assets / Total Assets
=64,000/400,000
which is equal to
=16%
Add Answer to:
The following balance sheet information is available: Cash
$154,000 Accounts Receivable 7,000 Merchandise Inventory 56,000
Property,...
The following balance sheet information was provided by O'Connor Company Assets Cash Accounts receivable Inventory Year...
The following balance sheet information was provided by O'Connor Company Assets Cash Accounts receivable Inventory Year 2 $ 2,900 $ 7,900 $29,000 Year 1 $ 1,900 $ 5,900 $30,000 Assuming that net credit sales for Year 2 totaled $154,000, what is the company's most recent accounts receivable turnover?
Chapter 5-Balance Sheet Using the following information, prepare a Classified Balance Sheet Accounts Payable Accounts Receivable...
Chapter 5-Balance Sheet Using the following information, prepare a Classified Balance Sheet Accounts Payable Accounts Receivable $19,4 82460Office Equipment 7.900 Office Supplies 23,00 18,75 Accumulated Depreciation Office Equipment Accumulated Depreciation Store Administrative Expenses Allowance for Doubtful Accounts 32,000 Revenue 68,19 28,980 36,000Sales ed Earnings Payable Ex Cost of Merchandise Sold Common Stock 9,09 42,780 nterest Expense 800 Equipment 25,100 nearned Rent Merchandise Inventory Notes Payable (due in two years) 20 Total Current Assets Net Property, Plant, & Equipment I Assets...
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information related to its December 31, 2022, balance sheet.
Accounts receivable $15,000 Equipment $188,000 Accumulated
depreciation-equipment 46,300 Inventory 63,000 Cash 19,500 Supplies
6,300 Stock investments (long-term) 1,500 Goodwill 5,000
Do It! Review 2-012 Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $15,000 46,300 19,500 1,500 Equipment Inventory Supplies Goodwill $188,000 63,000 6,300 5,000 Prepare the assets section of Pharoah...
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Cash Accounts Receivable Inventory Property Plant & Equipment Other Assets Dansko Integrated Balance Sheet As of March 11, 2020 (amounts in thousands) 9,900 Accounts Payable 4,500 Debt 3,800 Other Liabilities 16,800 Total Liabilities 1,600 Paid-In Capital Retained Earnings Total Equity 36,600 Total Liabilities & Equity 2,700 3,500 1,000 7,200 8,000 21,400 29,400 36,600 Total Assets Use T-accounts to record the transactions below, which occur on March 12, 2020, close the T-accounts, and construct a balance sheet to answer the question....
GANDER, INC. Balance Sheet As of December 31, 2018 Cash $62,106 Accounts payable $44,616 Accounts receivable...
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Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments...
Classify each of the following accounts with their balance sheet classifications Accumulated Depreciation Equipment Short-term investments Merchandise Inventory Land L. Dawn, Capital 1. Current Assets Salaries Payable 2. Current Liabilties Prepaid Insurance 3. Long Term Investments Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Accounts receivable 4. Long Term Liabilties 5. Property Plant and Equipment Patents 6. Intangible Assets Cash 7. Owner's Equity Notes Payable (due in 2 years) Accounts payable Equipment Supplies...
Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 15,000 Accounts receivable...
Harbor City Corporation's end-of-year balance sheet consisted of the following amounts: Cash $ 15,000 Accounts receivable $50,000 Property, plant, and equipment 70,000 Long-term debt 40,000 Capital stock 100,000 Accounts payable 20,000 Retained earnings ? Inventory 35,000 What amount should Harbor City report on its balance sheet for total assets?
adidas Group reported the following balance sheet accounts in a recent year (euros in millions) Property,...
adidas Group reported the following balance sheet accounts in a recent year (euros in millions) Property, plant and equipment Total equity Accounts receivable Total noncurrent liabilities Cash and cash equivalents Total current assets Other noncurrent assets € 1,915 6,454 2. zee 1,957 1,510 8,886 1. 116 Intangible assets Total current liabilities Inventories Total liabilities Other current assets Total noncurrent assets € 3,259 6,765 3,763 8,722 1.413 6,290 Prepare the balance sheet for this company, following usual IFRS practices. Assume the...
The following balance sheet information was provided by O'Connor Company Assets Cash Accounts receivable Inventory Year 2 $ 2,900 $ 7,900 $29,000 Year 1 $ 1,900 $ 5,900 $30,000 Assuming that net credit sales for Year 2 totaled $154,000, what is the company's most recent accounts receivable turnover?
Chapter 5-Balance Sheet Using the following information, prepare a Classified Balance Sheet Accounts Payable Accounts Receivable $19,4 82460Office Equipment 7.900 Office Supplies 23,00 18,75 Accumulated Depreciation Office Equipment Accumulated Depreciation Store Administrative Expenses Allowance for Doubtful Accounts 32,000 Revenue 68,19 28,980 36,000Sales ed Earnings Payable Ex Cost of Merchandise Sold Common Stock 9,09 42,780 nterest Expense 800 Equipment 25,100 nearned Rent Merchandise Inventory Notes Payable (due in two years) 20 Total Current Assets Net Property, Plant, & Equipment I Assets...
Problem 4-A Classified Balance Sheet Accounts Payable ✓ Accounts Receivable Accumulated Depreciation - Building Building ✓ Cash Common Stock Land Mortgage Payable Prepaid Insurance Retained Earnings Salaries Payable 6,000 5,000 40,000 120,000 12,000 60,000 ? 64,000 2,000 15,000 3,000 1,000 2,000 Supplies Unearned Fees Requirement: Using the above amounts prepare a classified balance sheet, for the Plum Company at December 31 of the current year, that includes the correct balance for Land. Assets Current assets: Liabilities Current liabilities: Total current...
Pharoah Company has collected the following
information related to its December 31, 2022, balance sheet.
Accounts receivable $15,000 Equipment $188,000 Accumulated
depreciation-equipment 46,300 Inventory 63,000 Cash 19,500 Supplies
6,300 Stock investments (long-term) 1,500 Goodwill 5,000
Do It! Review 2-012 Pharoah Company has collected the following information related to its December 31, 2022, balance sheet. Accounts receivable Accumulated depreciation-equipment Cash Stock investments (long-term) $15,000 46,300 19,500 1,500 Equipment Inventory Supplies Goodwill $188,000 63,000 6,300 5,000 Prepare the assets section of Pharoah...
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adidas Group reported the following balance sheet accounts in a recent year (euros in millions) Property, plant and equipment Total equity Accounts receivable Total noncurrent liabilities Cash and cash equivalents Total current assets Other noncurrent assets € 1,915 6,454 2. zee 1,957 1,510 8,886 1. 116 Intangible assets Total current liabilities Inventories Total liabilities Other current assets Total noncurrent assets € 3,259 6,765 3,763 8,722 1.413 6,290 Prepare the balance sheet for this company, following usual IFRS practices. Assume the...
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