Identify a USE of cash: (select only one alternative) Inventory is sold Long-term Debt is issued...
Identify a USE of cash: (select only one alternative)
Inventory is sold
Long-term Debt is issued
Machinery is sold
Accounts Receivable goes up
Accounts Payable goes up
Homework Answers
Accounts Receivable goes up meaning sales has occurred on credit. For sales to occur, company must use cash to buy inventory and produce goods.
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Identify a USE of cash: (select only one alternative)
Inventory is sold
Long-term Debt is issued...
Identify a SOURCE of cash: (select only one alternative) Group of answer choices Long-term Debt is...
Identify a SOURCE of cash: (select only one alternative) Group of answer choices Long-term Debt is retired Dividends are paid Accounts Payable goes down Accounts Receivable goes down Inventory is purchased
Identify a SOURCE of cash: (select only one alternative) Group of answer choices Dividend is paid...
Identify a SOURCE of cash: (select only one alternative) Group of answer choices Dividend is paid Accounts Receivablle goes up Accounts Payable goes down Machinery is sold Bank loan is repaid
Identify a SOURCE of cash: Bank loan is repaid Dividend is paid Accounts Payable goes down...
Identify a SOURCE of cash: Bank loan is repaid Dividend is paid Accounts Payable goes down Machinery is sold Accounts Receivable goes up
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
Identify and discuss the advantages and disadvantages of one type of long-term debt. Suggest to management...
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Identify whether each of the following items increases or decreases cash flow: Increase in inventory Increase...
Identify whether each of the following items increases or decreases cash flow: Increase in inventory Increase in short-term notes payable Decrease in prepaid expenses Amortization expense Decrease in accounts receivable Decrease in accounts payable Decrease in inventory Increase in long-term investments Dividend payment
Financial Data for Energy Power Co. as of December 31, 2018: Inventory $200,000 Long-term debt 300,000...
Financial Data for Energy Power Co. as of December 31, 2018: Inventory $200,000 Long-term debt 300,000 Interest expense 15,000 Accumulated depreciation 440,000 Cash 260,000 Net sales (all credit) 1,500,000 Common stock 800,000 Accounts receivable 225,000 Operating expense (incl. depr. Exp. And taxes) 525,000 Notes payable-current 180,000 Cost of goods sold 940,000 Plant and equipment 1,300,000 Accounts payable 160,000 Marketable securities 90,000 Accrued wages 65,000 Retained earnings 130,000 From the information presented in Tables Above, calculate the following ratios for the...
Chapter 14 Long-Term Liabilities Directed Reading Guide LO1. How are long-term notes payable and mortgages payable...
Chapter 14 Long-Term Liabilities Directed Reading Guide LO1. How are long-term notes payable and mortgages payable accounted for? In your own words, what is a long-term liability? Long term-liabilities are liabilities that do not need to be paid within one year or within the entity’s operating cycle, whichever is longer. Both long-term notes payable and mortgages payable are common long-term liabilities. To record the purchase of a building for $150,000, paying $100,000 in cash and signing a 30-year mortgage...
A company has net working capital of $752. Long term debt is $4,213, total assets are...
A company has net working capital of $752. Long term debt is $4,213, total assets are $6.381. and fixed assets are $4.083. What is the amount of total abilities? Η Ο Ο Ο Ο Ο A company has $1,385 in inventory, 51,836 in net fixed assets, 5670 in accounts receivable, $302 in cash, $6.34 in accounts payable, and $5,431 in equity. What is the company's long-term debt? Multiple Choice o О 51726 o $1165 o O S107 o O sses...
Debits Credits > Credits by: Debits by: Cash Accounts receivable Inventory Prepaid expenses Long-term loans to...
Debits Credits > Credits by: Debits by: Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 110,000 $65,00e 8,000 30,000 80,000 220,000 5,000 32,000 9,000 16,000 170,000 50,000 $606,000 $606,000 The following additional information is available about last year's activities: a. Net income for the year was $?- b. The company sold equipment during the year for $15,000. The...
Long-term debt ratio Times interest earned Current ratio Quick ratio Cash ratio Inventory turnover Average collection period 0.6 5.0 73 days Use the above information from the tables to work out the following missing entries, and then calculate the company's return on equity. Note: Turnover and the average collection period are calculated using start-of-year, not average, values. (Enter your answers in millions. Round intermediate calculations and final answers to 2 decimal places.) INCOME STATEMENT (Figures in $ millions) Net sales...
Identify whether each of the following items increases or decreases cash flow: Increase in inventory Increase in short-term notes payable Decrease in prepaid expenses Amortization expense Decrease in accounts receivable Decrease in accounts payable Decrease in inventory Increase in long-term investments Dividend payment
A company has net working capital of $752. Long term debt is $4,213, total assets are $6.381. and fixed assets are $4.083. What is the amount of total abilities? Η Ο Ο Ο Ο Ο A company has $1,385 in inventory, 51,836 in net fixed assets, 5670 in accounts receivable, $302 in cash, $6.34 in accounts payable, and $5,431 in equity. What is the company's long-term debt? Multiple Choice o О 51726 o $1165 o O S107 o O sses...
Debits Credits > Credits by: Debits by: Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 110,000 $65,00e 8,000 30,000 80,000 220,000 5,000 32,000 9,000 16,000 170,000 50,000 $606,000 $606,000 The following additional information is available about last year's activities: a. Net income for the year was $?- b. The company sold equipment during the year for $15,000. The...
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