Homework Answers
Note: Dividend will be paid in the next fiscal year. So, there is no effect on the current ratio of the current year.
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Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September...
Assume that the following transactions (in millions) occurred during the next fiscal year (ending on September...
Assume that the following transactions (in millions) occurred
during the next fiscal year (ending on September 29, 2018):
Borrowed $18,279 from banks due in two years.
Purchased additional investments for $22,200 cash; one-fifth
were long term and the rest were short term.
Purchased property, plant, and equipment; paid $9,584 in cash
and signed a short-term note for $1,422.
Issued additional shares of common stock for $1,481 in cash;
total par value was $1 and the rest was in excess of...
Starfhuit Inc,heedquartered in Rdgway, Colorado, designs, manufactures, and markets mobde communcation and mecia devices, personal computers,...
Starfhuit Inc,heedquartered in Rdgway, Colorado, designs, manufactures, and markets mobde communcation and mecia devices, personal computers, and portable digital music players and sells a variety of seted services. The tolowing is Starthurs pumplihed bellance s sheet from a recont year (fiscal year ending on the last Saturday of Septomber) STARFRUT INC s 14,004 Long tem ineessments Property,plant and IAITES AND STOCKHOLDERS E s 30 520 18 653 Shotsem sotes payable 29.303 Long term deb 25112 Assume that the following transactions...
year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September...
year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 14,054 Short-term investments 11,401 Accounts receivable 17,718 Inventories 2,138 Other current assets 24,186 Total current assets 69,497 Long-term investments 131,998 Property, plant, and equipment, 20,915 net Other noncurrent assets 12,702 Total assets $ 235,112 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,625 Accrued expenses 18,717 Unearned revenue 8,617 Short-term notes payable 6,398...
following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last...
following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 14,054 11,401 17,718 2,138 24,186 69,497 131,998 20,915 12,702 $ 235, 112 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses...
Starfhuit Inc,heedquartered in Rdgway, Colorado, designs, manufactures, and markets mobde communcation and mecia devices, personal computers,...
Starfhuit Inc,heedquartered in Rdgway, Colorado, designs, manufactures, and markets mobde communcation and mecia devices, personal computers, and portable digital music players and sells a variety of seted services. The tolowing is Starthurs pumplihed bellance s sheet from a recont year (fiscal year ending on the last Saturday of Septomber) STARFRUT INC s 14,004 Long tem ineessments Property,plant and IAITES AND STOCKHOLDERS E s 30 520 18 653 Shotsem sotes payable 29.303 Long term deb 25112 Assume that the following transactions...
prepare a classified balance sheet for mango at September 29, 2018 based on these transactions, im...
prepare a classified balance sheet for mango at September 29, 2018
based on these transactions,
im having trouble filling in the rest.
$ 13,884 11,265 17,509 2, 116 23,939 68,713 130, 508 20,679 12,556 $ 232,456 September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned...
prepare a trial balance for the period ended September 29, 2018 [The following information applies to...
prepare a trial balance for the period ended September 29,
2018
[The following information applies to the questions displayed below.] Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 13,884 11,265 17,509 2,116 23,939 68, 713 130,508...
The Electronics Appliance Corporation was organized on September 1 The following transactions occurred during the month...
The Electronics Appliance Corporation was organized on September 1 The following transactions occurred during the month of September: (1) The firm issues 4/000 no-par-value common shares for $12 cash per share on September 1 (2) The firm's lawyer is given 600 no-par-value common shares on September 2 in payment for legal services rendered in the organization of the corporation. The bill for the services is $7,200. (3) A factory building is leased for the three years beginning October 1. Monthly...
MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term...
MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities...
MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $...
MANGO INC.
CONSOLIDATED BALANCE SHEET
September 30, 2017
(dollars in millions)
ASSETS
Current assets:
Cash
$
14,054
Short-term investments
11,401
Accounts receivable
17,718
Inventories
2,138
Other current assets
24,186
Total current assets
69,497
Long-term investments
131,998
Property, plant, and equipment, net
20,915
Other noncurrent assets
12,702
Total assets
$
235,112
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable
$
30,625
Accrued expenses
18,717
Unearned revenue
8,617
Short-term notes payable
6,398
Total current liabilities
64,357
Long-term debt
29,404
Other noncurrent liabilities...
Assume that the following transactions (in millions) occurred
during the next fiscal year (ending on September 29, 2018):
Borrowed $18,279 from banks due in two years.
Purchased additional investments for $22,200 cash; one-fifth
were long term and the rest were short term.
Purchased property, plant, and equipment; paid $9,584 in cash
and signed a short-term note for $1,422.
Issued additional shares of common stock for $1,481 in cash;
total par value was $1 and the rest was in excess of...
Starfhuit Inc,heedquartered in Rdgway, Colorado, designs, manufactures, and markets mobde communcation and mecia devices, personal computers, and portable digital music players and sells a variety of seted services. The tolowing is Starthurs pumplihed bellance s sheet from a recont year (fiscal year ending on the last Saturday of Septomber) STARFRUT INC s 14,004 Long tem ineessments Property,plant and IAITES AND STOCKHOLDERS E s 30 520 18 653 Shotsem sotes payable 29.303 Long term deb 25112 Assume that the following transactions...
year (fiscal year ending on the last Saturday of September). MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash $ 14,054 Short-term investments 11,401 Accounts receivable 17,718 Inventories 2,138 Other current assets 24,186 Total current assets 69,497 Long-term investments 131,998 Property, plant, and equipment, 20,915 net Other noncurrent assets 12,702 Total assets $ 235,112 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 30,625 Accrued expenses 18,717 Unearned revenue 8,617 Short-term notes payable 6,398...
following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 14,054 11,401 17,718 2,138 24,186 69,497 131,998 20,915 12,702 $ 235, 112 MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses...
Starfhuit Inc,heedquartered in Rdgway, Colorado, designs, manufactures, and markets mobde communcation and mecia devices, personal computers, and portable digital music players and sells a variety of seted services. The tolowing is Starthurs pumplihed bellance s sheet from a recont year (fiscal year ending on the last Saturday of Septomber) STARFRUT INC s 14,004 Long tem ineessments Property,plant and IAITES AND STOCKHOLDERS E s 30 520 18 653 Shotsem sotes payable 29.303 Long term deb 25112 Assume that the following transactions...
prepare a classified balance sheet for mango at September 29, 2018
based on these transactions,
im having trouble filling in the rest.
$ 13,884 11,265 17,509 2, 116 23,939 68,713 130, 508 20,679 12,556 $ 232,456 September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned...
prepare a trial balance for the period ended September 29,
2018
[The following information applies to the questions displayed below.] Mango Inc., headquartered in Cupertino, California, designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players and sells a variety of related software and services. The following is Mango's (simplified) balance sheet from a recent year (fiscal year ending on the last Saturday of September). $ 13,884 11,265 17,509 2,116 23,939 68, 713 130,508...
MANGO INC. CONSOLIDATED BALANCE SHEET September 30, 2017 (dollars in millions) ASSETS Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term notes payable Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 per value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities...
MANGO INC.
CONSOLIDATED BALANCE SHEET
September 30, 2017
(dollars in millions)
ASSETS
Current assets:
Cash
$
14,054
Short-term investments
11,401
Accounts receivable
17,718
Inventories
2,138
Other current assets
24,186
Total current assets
69,497
Long-term investments
131,998
Property, plant, and equipment, net
20,915
Other noncurrent assets
12,702
Total assets
$
235,112
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable
$
30,625
Accrued expenses
18,717
Unearned revenue
8,617
Short-term notes payable
6,398
Total current liabilities
64,357
Long-term debt
29,404
Other noncurrent liabilities...
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