Ratio= Real asset/Total asset
Real assets are tangible assets. for example equipment,building,inventory.
Cash is covered in financial asset.
Lanni Products is a start-up computer software development firm. It currenty owns computer equipment worth $3...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. • Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years. • Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. • Lanni sells the software...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. • Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years. • Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. • Lanni sells the software...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $23,000 and has cash on hand of $26,000 contributed by Lanni's owners. Lanni takes out a bank loan. It receives $34,000 in cash and signs a note promising to pay back the loan over 3 years. a-1. Prepare the balance sheet just after it gets the bank loan. Cash Liabilities & Shareholders' Equity Bank loan Shareholders' equity Total Computers Total a-2. What is the ratio...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $25,000 and has cash on hand of $24,000 contributed by Lanni's owners. Lanni takes out a bank loan. It receives $36,000 in cash and signs a note promising to pay back the loan over 3 years. a-1. Prepare the balance sheet just after it gets the bank loan. Assets Liabilities &Shareholders' Equity Cash $ 60,000 Bank loan 25,000 Shareholders' equity $ 85,000Total $ 36,000 49,000...
Lanni Products is a start-up computer software development firm, It curently owns computer equipment worth $25,000 and has cash on hand of $24,000 contributed by Lanni's owners. Lanni takes out a bank loan. It receives $36,000 in cash and signs a note promising to pay back the loan over 3 years a-1. Prepare the balance sheet just after it gets the bank loan. Assets Liabilities & Shareholders' Equity Bank loan Shareholders' equity Cash Computer Total Total a-2. What is the...
I need help with this please. Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $34,000 and has cash on hand of $12,000 contributed by Lanni’s owners. Lanni takes out a bank loan. It receives $42,000 in cash and signs a note promising to pay back the loan over 3 years. a-1. Prepare the balance sheet just after it gets the bank loan. Assets Liabilities & Shareholders' Equity Cash Bank loan Computers Shareholders' equity...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $28,000 and has cash on hand of $21,000 contributed by Lanni’s owners. Lanni takes out a bank loan. It receives $39,000 in cash and signs a note promising to pay back the loan over 3 years. a-1. Prepare the balance sheet just after it gets the bank loan. a-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. Choose the correct answer in the following statements about financial and real assets. a. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years. The bank loan is a for Lanni. Lanni's $50,000 IOU is the bank's . The...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni's owners. For each of the following transactions, identify the real and/or financial assets that trade hands. Are any financial assets created or destroyed in the transaction? a. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over 3 years. b. Lanni uses...
Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by Lanni’s owners. For each of the following transactions, identify the real and/or financial assets that trade hands. Are any financial assets created or destroyed in the transaction? a. Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years. b. Lanni uses...