Change in accounts receivable from 2012- 13,600 to 2013 -20,000 =
Change in accounts receivable from 2012- 13,600 to 2013 -20,000 =
Homework Answers
Accounts Receivable in 2012 = $13,600
Accounts Receivables in 2013 = $20,000
Hence, change in Accounts Receivables = $20,000 - $13,600
= $6,400
2013 2012 $1,038,159 Net Sales Accounts receivable, net of allowances for doubtful accounts of $453 in...
2013 2012 $1,038,159 Net Sales Accounts receivable, net of allowances for doubtful accounts of $453 in 2013 and $669 in 2012 $996,168 $ 176,917 $168,732 Schedule II—Valuation and Qualifying Accounts Years Ended December 31, 2013 and 2012 Balance at Charged to Balance Beginning Costs and at End of Period Expenses Deductions of Period 2013 Allowance for $ 669 $373 $589 $ 453 doubtful accounts 2012 Allowance for $1,560 $ 0 $891 $ 669 doubtful accounts 2011 Allowance for $1,459 $343...
LUMILUue, way2eue ALCULIS ILLETVE Net Sales Accounts receivable, net of allowances for doubtful accounts of $453...
LUMILUue, way2eue ALCULIS ILLETVE Net Sales Accounts receivable, net of allowances for doubtful accounts of $453 in 2013 and $669 in 2012 2013 $1,038,159 $ 176,917 2012 $996,168 $168,732 Schedule I-Valuation and Qualifying Accounts Years Ended December 31, 2013 and 2012 Balance at Beginning of Period Charged to Costs and Expenses Balance at End of Period Deductions 2013 Allowance for $ 669 $373 $589 $ 453 doubtful accounts 2012 Allowance for $1,560 $ 0 $891 $ 669 doubtful accounts 2011...
Sanders Company Balance Sheets At December 31, 2013 and 2012 2013 2012 2013 2012 Cash………………………………………….. ...
Sanders Company Balance Sheets At December 31, 2013 and 2012 2013 2012 2013 2012 Cash………………………………………….. 42,000 27,000 Salaries payable……………………. 8,700 9,400 Accounts receivable………………………………………….. 27,200 31,700 Accounts payable………………….. 13,200 8,400 Inventory………………………………………….. 88,300 86,400 Notes payable…………………… 90,000 75,000 Land……………………………………. 57,000 82,000 Bonds payable……………………. 80,000 100,000 Plant and equipment………………………………………….. 115,000 107,000 Common stock 25,000 22,700 Less: Accumulated depreciation………………………………………….. 50,300 47,400 Retained...
Data Table 2014 2013 2012 ASSETS Current Assets Cash $ $ Accounts receivable Inventory Other current...
Data Table 2014 2013 2012 ASSETS Current Assets Cash $ $ Accounts receivable Inventory Other current assets Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 ($ in thousands) 2014 2013 2012 LIABILITIES Current liabilities 7,010 $ 9,387 $ 17,662 Accounts payable 26,604 $ $ 25,881 Short-term debt 16,394 $ 12,595 Total current liabilities 11,504 $ 10,814 Long-term debt 62,401 $ 57,485 $ 65,181 Other liabilities 19,125 $ $ 20,977 Total liabilities OWNERS' EQUITY 203,828 $...
Sales Cost of goods sold Accounts receivable 2015 2014 2013 $ 603,805 $ 392,081 $ 324,034...
Sales Cost of goods sold Accounts receivable 2015 2014 2013 $ 603,805 $ 392,081 $ 324,034 292,276 189,899 158,786 29.224 22,858 22,132 2012 $ 238,260 116.265 13,962 2011 $ 180,500 86,640 12,346 Compute trend percents for the above accounts, using 2011 as the base you Trend Percent for Net Sales: Choose Denominator: Choose Numerator: 2015: 2014: 2013: 2012: Trend Percent for Cost of Goods Sold: Choose Denominator: Choose Numerator: Cost of goods sold 2015: 2014: 2013: Trend Percent for Accounts...
Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms...
Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, 1/45. 2013 2012 2011 Accounts receivable, end of year $149,600 $157,000 $164,200 Sales on account 981,120 915,420 a. For 2012 and 2013, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables, Round answers to one decimal place. Assume a 365-day year. 2013 2012 X 5.7 ✓ 1. Accounts receivable turnover 2. Number of...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760 $95 300 350 $745 1,490 $2,235 Total current assets Net plant and equipment Total assets $%150 75 160 $385 450 1,225 700 $2,760 Accounts payable Accruals Notes payable $85 50 185 $320 290 1,225 400 $2,235 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: 2013 2012 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest...
According to data below, can you please construct a balance sheet for 2012 and 2013? and...
According to data below, can you please construct a balance
sheet for 2012 and 2013? and calculate the change in net working
capital for the year 2013?
ABC Corporation Account Accumulated Depreciation Accounts Payable Accounts Receivable Cash Common Stock Inventory Long-Term Debt Plant, Property&Equipment Retained Earnings Balance 12/31/2012 Balance 12/31/2013 $2,020 $1,800 $2,480 $1,300 $4,990 $5,800 $7,800 $8,400 $1,370 $2,670 $2,060 $2,690 $1,090 $4,990 $6,030 $8,200 $9,200 $1,090
Balance Sheet as of December 31, 2012, 2013, and 2014 (in thousands) 2014 2013 2012 LIABILITIES...
Balance Sheet as of December 31, 2012, 2013, and 2014 (in thousands) 2014 2013 2012 LIABILITIES ASSETS Current Assets Cash 2014 2013 2012 S 9,456 $ S Accounts receivable $ 7,097 $ 26,694 $ $ $ $ Inventory Other current assets $ 2331 s 80,952 $ 60.905 $ $ $ $ 16,375 $ 10,975 S 57,369 $ $ 11,433 $ 74,365 S 66 231 $ 266 74,794 5 $ 185,000 28,804 S 20,183 243,626 $ $ Total current assets $...
Joshua Tree Inc. reported that at the end of 2012 net accounts receivable of 2,050 (the...
Joshua Tree Inc. reported that at the end of 2012 net accounts receivable of 2,050 (the net value at the end of 2011 was 1,090). Their allowance for doubtful accounts at the end of 2012 was 150 (the allowance was 140 at the end 2011). Joshua Tree Inc. had sales of 20,000 during the year, 10% of which were on credit. They also had write- offs of 50. 1. Record the journal entry reflecting the cash Joshua Tree Inc. collected...
2013 2012 $1,038,159 Net Sales Accounts receivable, net of allowances for doubtful accounts of $453 in 2013 and $669 in 2012 $996,168 $ 176,917 $168,732 Schedule II—Valuation and Qualifying Accounts Years Ended December 31, 2013 and 2012 Balance at Charged to Balance Beginning Costs and at End of Period Expenses Deductions of Period 2013 Allowance for $ 669 $373 $589 $ 453 doubtful accounts 2012 Allowance for $1,560 $ 0 $891 $ 669 doubtful accounts 2011 Allowance for $1,459 $343...
LUMILUue, way2eue ALCULIS ILLETVE Net Sales Accounts receivable, net of allowances for doubtful accounts of $453 in 2013 and $669 in 2012 2013 $1,038,159 $ 176,917 2012 $996,168 $168,732 Schedule I-Valuation and Qualifying Accounts Years Ended December 31, 2013 and 2012 Balance at Beginning of Period Charged to Costs and Expenses Balance at End of Period Deductions 2013 Allowance for $ 669 $373 $589 $ 453 doubtful accounts 2012 Allowance for $1,560 $ 0 $891 $ 669 doubtful accounts 2011...
Data Table 2014 2013 2012 ASSETS Current Assets Cash $ $ Accounts receivable Inventory Other current assets Barron Pizza, Inc. Balance Sheet as of December 31, 2012, 2013, and 2014 ($ in thousands) 2014 2013 2012 LIABILITIES Current liabilities 7,010 $ 9,387 $ 17,662 Accounts payable 26,604 $ $ 25,881 Short-term debt 16,394 $ 12,595 Total current liabilities 11,504 $ 10,814 Long-term debt 62,401 $ 57,485 $ 65,181 Other liabilities 19,125 $ $ 20,977 Total liabilities OWNERS' EQUITY 203,828 $...
Sales Cost of goods sold Accounts receivable 2015 2014 2013 $ 603,805 $ 392,081 $ 324,034 292,276 189,899 158,786 29.224 22,858 22,132 2012 $ 238,260 116.265 13,962 2011 $ 180,500 86,640 12,346 Compute trend percents for the above accounts, using 2011 as the base you Trend Percent for Net Sales: Choose Denominator: Choose Numerator: 2015: 2014: 2013: 2012: Trend Percent for Cost of Goods Sold: Choose Denominator: Choose Numerator: Cost of goods sold 2015: 2014: 2013: Trend Percent for Accounts...
Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, 1/45. 2013 2012 2011 Accounts receivable, end of year $149,600 $157,000 $164,200 Sales on account 981,120 915,420 a. For 2012 and 2013, determine (1) the accounts receivable turnover and (2) the number of days' sales in receivables, Round answers to one decimal place. Assume a 365-day year. 2013 2012 X 5.7 ✓ 1. Accounts receivable turnover 2. Number of...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760 $95 300 350 $745 1,490 $2,235 Total current assets Net plant and equipment Total assets $%150 75 160 $385 450 1,225 700 $2,760 Accounts payable Accruals Notes payable $85 50 185 $320 290 1,225 400 $2,235 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: 2013 2012 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest...
According to data below, can you please construct a balance
sheet for 2012 and 2013? and calculate the change in net working
capital for the year 2013?
ABC Corporation Account Accumulated Depreciation Accounts Payable Accounts Receivable Cash Common Stock Inventory Long-Term Debt Plant, Property&Equipment Retained Earnings Balance 12/31/2012 Balance 12/31/2013 $2,020 $1,800 $2,480 $1,300 $4,990 $5,800 $7,800 $8,400 $1,370 $2,670 $2,060 $2,690 $1,090 $4,990 $6,030 $8,200 $9,200 $1,090
Balance Sheet as of December 31, 2012, 2013, and 2014 (in thousands) 2014 2013 2012 LIABILITIES ASSETS Current Assets Cash 2014 2013 2012 S 9,456 $ S Accounts receivable $ 7,097 $ 26,694 $ $ $ $ Inventory Other current assets $ 2331 s 80,952 $ 60.905 $ $ $ $ 16,375 $ 10,975 S 57,369 $ $ 11,433 $ 74,365 S 66 231 $ 266 74,794 5 $ 185,000 28,804 S 20,183 243,626 $ $ Total current assets $...
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