Homework Answers
Ans:
Debt -Equity Ratio Debt Equity = S 146515 /$ 442,421= 0.33 times
Debt = Accounts payable + Note Payable = 34951 + 111564=146515
Equity = Total Assets- Total Liabilities = $ 442,421- $ 146,515 = $ 295,906
Where Total Assets =Cash + Accounts receivable +0ffice Supplies
+0ffice equipment+Trucks +Building + Land
= 8697+ 21015+ 3097 + 138257 + 59791 + 169315 + 42249 = $
442,421
Total Liabilities =34951 + 111564=146515
Add Answer to:
Required information [The following information applies to the questions displayed below. The accounting records of Nettle...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49,381 26,805 4,228 129,795 50,791 0 0 70, 470 0 2019 $ 8,697 21,015 3,097 138,257 59,791 169, 315 42, 249 34,951 111, 564 2. Compute net income for 2019 by comparing...
Required Information (The following information applies to the questions displayed below) The accounting records of Nettle...
Required Information (The following information applies to the questions displayed below) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 5 54,300 26,240 3.15 44, Bee 143,00 2019 $ 15,648 19,100 1.96e 44.ee 157, Bee se, Bee 60,00 33,5ee 40.000 3, See 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Denominator...
Required information The following information applies to the questions displayed below. The accounting records of Nettle...
Required information The following information applies to the questions displayed below. The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 46,870 7,510 25,007 19,686 2,889 121,093 128,987 47,385 56, 385 8 157,962 0 39,418 65,745 32,608 0 97,380 3,945 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Choose Denominator: - Debt Ratio...
[The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show...
[The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2014 and 2015 2014 2015 $53,922 $ 10,324 29,270 22,947 4,617 3,382 41,731 150,970 55,460 64,460 0 184,884 0 46,137 76,950 38,165 0 131,021 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable NETTLE DISTRIBUTION Balance Sheet December 31, 2014 Assets Liabilities $53,922 Accounts payable Cash Accounts receivable...
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle...
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 2018 2019 Cash $ 51,084 $ 9,307 Accounts receivable 27,729 21,740 Office supplies 4,374 3,204 Office equipment 134,271 143,024 Trucks 52,542 61,542 Building 0 175,153 Land 0 43,707 Accounts payable 72,900 36,156 Note payable 0 118,860 Required: 1. Prepare balance sheets for the business as of December 31,...
Required information [The following information applies to the questions displayed below.] Part 3 of 3 The...
Required information [The following information applies to the questions displayed below.] Part 3 of 3 The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. 2.5 points $ December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 eBook 62,235 0 Print 3. Compute the 2019 year-end debt...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 2018 Cash $ 49,192 Accounts receivable26,702 Office supplies 4,212 Office equipment 129,298 Trucks 50,596 Building 0 Land 0 Accounts payable 70,200 Note payable 0 2019 $ 8,629 20,934 3,085 137, 727 59,596 168, 666 42,089 34,817 110, 755 2. Compute net income for 2019 by comparing total equity...
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle...
Required information [The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 2018 2019 Cash $ 51,084 $ 9,307 Accounts receivable 27,729 21,740 Office supplies 4,374 3,204 Office equipment 134,271 143,024 Trucks 52,542 61,542 Building 0 175,153 Land 0 43,707 Accounts payable 72,900 36,156 Note payable 0 118,860 Compute net income for 2019 by comparing total equity amounts for these...
WCUCCICUCULUM Required Information The following information applies to the questions displayed below] The accounting records of...
WCUCCICUCULUM Required Information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equiptent Trucks Building Land Accounts payable Note payable 2018 $ 64,300 26,240 3,160 44,000 148,000 2019 5 15,640 19,100 1.968 44,00 157,00 80,000 60,000 33,500 40.000 @ 3.500 Required: 1. Prepare balance sheets for the business as of December 31, 2018...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31,...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 2 December 31 2018 2019 Cash $ 49,760 $ 8,832 Accounts receivable 27,018 21,176 Office supplies 4,261 3,121 Office equipment 130, 790 139,316 Trucks 51,17960,179 Building 170,612 Land @ 42,575 Accounts payable 71,018 35,219 Note payable 113, 187 points 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following information. During...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable office supplies office equipment Trucks Building Land Accounts payable Note payable 2018 $ 49,381 26,805 4,228 129,795 50,791 0 0 70, 470 0 2019 $ 8,697 21,015 3,097 138,257 59,791 169, 315 42, 249 34,951 111, 564 2. Compute net income for 2019 by comparing...
Required Information (The following information applies to the questions displayed below) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 5 54,300 26,240 3.15 44, Bee 143,00 2019 $ 15,648 19,100 1.96e 44.ee 157, Bee se, Bee 60,00 33,5ee 40.000 3, See 3. Compute the 2019 year-end debt ratio. Debt Ratio Choose Denominator...
Required information The following information applies to the questions displayed below. The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 46,870 7,510 25,007 19,686 2,889 121,093 128,987 47,385 56, 385 8 157,962 0 39,418 65,745 32,608 0 97,380 3,945 3. Compute the 2017 year-end debt ratio for the business. Debt Ratio Choose Denominator: - Debt Ratio...
[The following information applies to the questions displayed below.] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2014 and 2015 2014 2015 $53,922 $ 10,324 29,270 22,947 4,617 3,382 41,731 150,970 55,460 64,460 0 184,884 0 46,137 76,950 38,165 0 131,021 December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable NETTLE DISTRIBUTION Balance Sheet December 31, 2014 Assets Liabilities $53,922 Accounts payable Cash Accounts receivable...
Required information [The following information applies to the questions displayed below.] Part 3 of 3 The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. 2.5 points $ December 31 Cash Accounts receivable Office supplies Office equipment Trucks Building Land Accounts payable Note payable 2018 $ 43,611 23,672 3,734 114,628 44,855 2019 6,629 18,559 2,735 122,100 53,855 149,529 37,314 30,867 86,843 eBook 62,235 0 Print 3. Compute the 2019 year-end debt...
Required information [The following information applies to the questions displayed below.) The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 2018 Cash $ 49,192 Accounts receivable26,702 Office supplies 4,212 Office equipment 129,298 Trucks 50,596 Building 0 Land 0 Accounts payable 70,200 Note payable 0 2019 $ 8,629 20,934 3,085 137, 727 59,596 168, 666 42,089 34,817 110, 755 2. Compute net income for 2019 by comparing total equity...
WCUCCICUCULUM Required Information The following information applies to the questions displayed below] The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. December 31 Cash Accounts receivable Office supplies Office equiptent Trucks Building Land Accounts payable Note payable 2018 $ 64,300 26,240 3,160 44,000 148,000 2019 5 15,640 19,100 1.968 44,00 157,00 80,000 60,000 33,500 40.000 @ 3.500 Required: 1. Prepare balance sheets for the business as of December 31, 2018...
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2018 and 2019. Part 2 December 31 2018 2019 Cash $ 49,760 $ 8,832 Accounts receivable 27,018 21,176 Office supplies 4,261 3,121 Office equipment 130, 790 139,316 Trucks 51,17960,179 Building 170,612 Land @ 42,575 Accounts payable 71,018 35,219 Note payable 113, 187 points 2. Compute net income for 2019 by comparing total equity amounts for these two years and using the following information. During...
Most questions answered within 3 hours.
-
What is facilitated diffusion and how does it differ from
symport and antiport transportation? How do...
asked 32 minutes ago -
if a firm producing 100 units at $5.00 each experience
an 80% experience curve, what will...
asked 1 hour ago -
A solid, uniform disk of radius 0.250 m and mass 53.7 kg rolls
down a ramp...
asked 3 hours ago -
Given the following table of high speed internet access vs.
annual home income:
Home Income
%...
asked 3 hours ago -
A baseball batter hits a 0.145kg baseball straight up into the
air. The baseball leaves the...
asked 4 hours ago -
An FM modulator is tested using
single-tone baseband signal with frequency of 50kHz and a sprectrum...
asked 4 hours ago -
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 6 hours ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 7 hours ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 8 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 8 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 9 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 9 hours ago