Homework Answers
*Cash is not a long term asset
*definitions
asset allocations:Option D achieving the right mix of investment.............
personal risk tolerance;Option C identifying the appropriate...............
liquidity:Option B an asset or security with high liquidity.................
investor life cycle:Option A 4 stages with early.........
*Medium term goal is 1-10 years out
monthly expense ratio =operating expense/average value of fund assets
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Which of the following is NOT a long-term asset. A commercial building that you own. O...
4. Which of the following is not a long-term or non-current asset? a. Furniture and fixtures...
4. Which of the following is not a long-term or non-current asset? a. Furniture and fixtures b. Trucks and automobiles C. Prepaid insurance d. Land 5. Accounts receivable can best be described as.. a. Amounts owed to the bank abou b. Funds transferred from one bank account to another C. Amounts due from customers for services already performe d. Amounts received from customers for services to be perfor 6. Which is not a type of fixed asset? a. Furniture b....
Cash Wages payable Merchandise inventory Building Accounts receivable Long-term notes payable Land Accounts payable Sales revenue...
Cash Wages payable Merchandise inventory Building Accounts receivable Long-term notes payable Land Accounts payable Sales revenue Expenses Aspen Willow $ 30,000 $20,000 30,000 25,000 65.000 35.000 95.000 95.000 35,000 40.000 145,000 110.000 60.000 55,000 55,000 50,000 325,000 265.000 295,000 230.000 Required a-1. Determine the amount of current assets and current liabilities for each company a-2. Compute the current ratio for each company. b. Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. C-1....
Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term...
Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term Liquidity current assets / current liabilities quick assets / current liabilities net sales /accounts receivable 365 days/receivables turnover rate cost of goods sold/inventory current ratio quick ratico receivables turnover rate days to collect receivables inventory turnover rate Measures of Long-term Credit Risk total liabilities/total assets operating income /annual interest expense debt ratio Times Interest Earned Measures of Profitability net income / sales net income/total...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
plz solve this question BALANCE SHEET Assets 2001 2000 Cash 7.282 9,000 Short term investment 0...
plz solve this question
BALANCE SHEET Assets 2001 2000 Cash 7.282 9,000 Short term investment 0 48,600 Acc. Receivable 632,160 351,200 Inventories 1.297.380 715,200 Total current assets 1,926,802 1,124,000 Fixed Assets Plant & Equipment Less: Acc dep 1 202,950 263,160 939,790 491.000 146.200 344,800 Total assets 2,866,592 1,468,800 Liabilities & Equities Current liability Ale Payable 524 150 145,600 Notes payable 720.000 200.000 Accruals 489,600 1,733,760 136.000 461,600 total Current liability Long-term debt 1,000,000 323.432 Common Stock 460.000 460,000 Retained Earning...
Which one of the following is defined as anything a firm owns that has value? asset...
Which one of the following is defined as anything a firm owns that has value? asset cash outflow equity liability cash inflow QUESTION 8 A firm has total equity of $61,600 and total liabilities of $18,900. Current assets are $44,700 and current liabilities are $15,200. What is the value of the net fixed assets? $10,600 $35,800 $8,300 $29,500 $42,700 QUESTION 9 Which one of the following represents the amounts owed by a firm to other parties? assets liabilities equities cash...
E10-16B (L03,4) (Asset Acquisition) Ogden Industries purchased the following assets and constructed a building as well. All this was done during the current year. Asset 3 This machine was acquired by...
E10-16B (L03,4) (Asset Acquisition) Ogden Industries purchased
the following assets and constructed a building as well. All this
was done during the current year.
Asset 3
This machine was acquired by making a $25,000 down payment and
issuing a $75,000, 1-year, zero-interest-bearing note. The note is
to be paid off in at the end of the first year. It was estimated
that the asset could have been purchased outright for $91,000.
Asset 4
This machinery was acquired by trading in...
Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 95,900 Debt investments (short-term) 75,350 Accounts...
Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 95,900 Debt investments (short-term) 75,350 Accounts receivable 142.480 Inventory 315.100 Prepaid expenses 34,250 Land 178,100 Building and equipment (net) 356,200 Total assets $1,197,380 Liabilities and Stockholders' Equity Notes payable (short-term) $232,900 Accounts payable 89,050 Accrued liabilities 54,800 Bonds payable, due 2023 342.500 Common stock, 510 par 274.000 Retained earning 204,130 Total liabilities and stockholders' equity $1.197.380 2019 $ 89,050 54,800 123,300 226,050 31,510 178,100 253.450 $956 260 $164.400 71.240 54,800...
2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 136,500 Debt investments (short-term) 107,250...
2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 136,500 Debt investments (short-term) 107,250 Accounts receivable 202,800 Inventory 448,500 Prepaid expenses 48,750 Land 253,500 Building and equipment (net) 507,000 Total assets $1,704,300 Liabilities and Stockholders' Equity Notes payable (short-term) $331,500 Accounts payable 126,750 Accrued liabilities 78,000 Bonds payable, due 2023 487,500 Common stock, $10 par 390,000 Retained earnings 290,550 Total liabilities and stockholders' equity $1,704,300 $ 126,750 78,000 175,500 321,750 44,850 253,500 360,750 $1,361,100 $234,000 101,400 78,000 331,500...
Which of the following is considered part of the asset classification Long-Term Investments? A. B. C....
Which of the following is considered part of the asset classification Long-Term Investments? A. B. C. D. A building housing a company's administrative activities. Cash equivalents. A sinking fund established to retire bonds payable maturing in 20 years. Securities classified as held-to-maturity that mature within the next 12 months. Which of the following events related to accounts receivable causes a decrease to total assets? B. C. D. A write-off of an account receivable. A collection of an account receivable. A...
4. Which of the following is not a long-term or non-current asset? a. Furniture and fixtures b. Trucks and automobiles C. Prepaid insurance d. Land 5. Accounts receivable can best be described as.. a. Amounts owed to the bank abou b. Funds transferred from one bank account to another C. Amounts due from customers for services already performe d. Amounts received from customers for services to be perfor 6. Which is not a type of fixed asset? a. Furniture b....
Cash Wages payable Merchandise inventory Building Accounts receivable Long-term notes payable Land Accounts payable Sales revenue Expenses Aspen Willow $ 30,000 $20,000 30,000 25,000 65.000 35.000 95.000 95.000 35,000 40.000 145,000 110.000 60.000 55,000 55,000 50,000 325,000 265.000 295,000 230.000 Required a-1. Determine the amount of current assets and current liabilities for each company a-2. Compute the current ratio for each company. b. Assuming that all assets and liabilities are listed above, compute the debt-to-assets ratios for each company. C-1....
Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term Liquidity current assets / current liabilities quick assets / current liabilities net sales /accounts receivable 365 days/receivables turnover rate cost of goods sold/inventory current ratio quick ratico receivables turnover rate days to collect receivables inventory turnover rate Measures of Long-term Credit Risk total liabilities/total assets operating income /annual interest expense debt ratio Times Interest Earned Measures of Profitability net income / sales net income/total...
Cash Investments (short-term) Accounts receivable Inventory Notes receivable (long-term) Equipment Factory building Intangibles $20,000 Accounts payable 3,200 Accrued liabilities payable 3,600 Notes payable (current) 26,000 Notes payable (noncurrent) 2,600 Common stock 50,000 Additional paid-in capital 97,000 Retained earnings 4,400 $21,000 2,600 7,300 41,000 9,500 85,500 39,900 During the current year, the company had the following summarized activities: a. Purchased short-term investments for $8,400 cash. b. Lent $5,700 to a supplier who signed a two-year note. c. Purchased equipment that cost...
plz solve this question
BALANCE SHEET Assets 2001 2000 Cash 7.282 9,000 Short term investment 0 48,600 Acc. Receivable 632,160 351,200 Inventories 1.297.380 715,200 Total current assets 1,926,802 1,124,000 Fixed Assets Plant & Equipment Less: Acc dep 1 202,950 263,160 939,790 491.000 146.200 344,800 Total assets 2,866,592 1,468,800 Liabilities & Equities Current liability Ale Payable 524 150 145,600 Notes payable 720.000 200.000 Accruals 489,600 1,733,760 136.000 461,600 total Current liability Long-term debt 1,000,000 323.432 Common Stock 460.000 460,000 Retained Earning...
Which one of the following is defined as anything a firm owns that has value? asset cash outflow equity liability cash inflow QUESTION 8 A firm has total equity of $61,600 and total liabilities of $18,900. Current assets are $44,700 and current liabilities are $15,200. What is the value of the net fixed assets? $10,600 $35,800 $8,300 $29,500 $42,700 QUESTION 9 Which one of the following represents the amounts owed by a firm to other parties? assets liabilities equities cash...
E10-16B (L03,4) (Asset Acquisition) Ogden Industries purchased
the following assets and constructed a building as well. All this
was done during the current year.
Asset 3
This machine was acquired by making a $25,000 down payment and
issuing a $75,000, 1-year, zero-interest-bearing note. The note is
to be paid off in at the end of the first year. It was estimated
that the asset could have been purchased outright for $91,000.
Asset 4
This machinery was acquired by trading in...
Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 95,900 Debt investments (short-term) 75,350 Accounts receivable 142.480 Inventory 315.100 Prepaid expenses 34,250 Land 178,100 Building and equipment (net) 356,200 Total assets $1,197,380 Liabilities and Stockholders' Equity Notes payable (short-term) $232,900 Accounts payable 89,050 Accrued liabilities 54,800 Bonds payable, due 2023 342.500 Common stock, 510 par 274.000 Retained earning 204,130 Total liabilities and stockholders' equity $1.197.380 2019 $ 89,050 54,800 123,300 226,050 31,510 178,100 253.450 $956 260 $164.400 71.240 54,800...
2019 Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 136,500 Debt investments (short-term) 107,250 Accounts receivable 202,800 Inventory 448,500 Prepaid expenses 48,750 Land 253,500 Building and equipment (net) 507,000 Total assets $1,704,300 Liabilities and Stockholders' Equity Notes payable (short-term) $331,500 Accounts payable 126,750 Accrued liabilities 78,000 Bonds payable, due 2023 487,500 Common stock, $10 par 390,000 Retained earnings 290,550 Total liabilities and stockholders' equity $1,704,300 $ 126,750 78,000 175,500 321,750 44,850 253,500 360,750 $1,361,100 $234,000 101,400 78,000 331,500...
Which of the following is considered part of the asset classification Long-Term Investments? A. B. C. D. A building housing a company's administrative activities. Cash equivalents. A sinking fund established to retire bonds payable maturing in 20 years. Securities classified as held-to-maturity that mature within the next 12 months. Which of the following events related to accounts receivable causes a decrease to total assets? B. C. D. A write-off of an account receivable. A collection of an account receivable. A...
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