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Question 8 An increase change in Accounts Receivable during the year indicates no change in cash...
An increase change in Accounts Receivable during the year indicates A. no change in cash received....
An increase change in Accounts Receivable during the year indicates A. no change in cash received. B. decrease in cash received. C. increase in cash received. D. either an increase or decrease depending upon the situation.
Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents Accounts receivable...
Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expense:s $61,000 $ 40,00e 530,000 860,00e 5,000 1,629,000 1,435,000 3,170,000 2,600,00e 755,000 2,360,000 1,845,000 110,000 170,000 $4,263,000 $3,560,006e 710,000 848, 000 10,000 Total current assets Property, plant, and equipment Less accumulated depreciation 810,00e Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets 60,000 214,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 970,000...
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash...
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities $13,500 6,000 4,500 9,000 33,000 22,500 43.500 135,000 90,000 52,500 25,500 43,500 6,000 19,500...
Question 1: Short answer 1. Indicate whether each of the actions listed below will immediately increase...
Question 1: Short answer 1. Indicate whether each of the actions listed below will immediately increase (1), decreas have no effect on the ratios shown. Assume each ratio is less than 10 before action is taken. 18 points] . Current Ratio = Current Assets / Current Liabilities Acid-test Ratio = Quick Assets / Current Liabilities Quick Assets = unrestricted cash + short-term investments + accounts receivable Action Current Ratio Acid-test Ratio A firm purchased inventory on account A firm received...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $70,434 $55,900 Accounts receivable (net) 54,054 70,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash A Accounts Receivable A increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,141 $36,700 Accounts receivable (net) 42,180 55,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400 45,800 Current Year $49,368 Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown with decrease using a minus sign before the amount and the percentage. Account Cash Accounts Receivable increase,decrease 25,648 horizontal analysis? Enter a Dollar Change Percent Change
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $39,370 $31,000 Accounts receivable (net) 40,610 65,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash $ % Accounts Receivable $ % increase,decrease
Determine the effect on the current ratio, quick ratio, net working capital (current assets minus current...
Determine the effect on the current ratio, quick ratio, net working capital (current assets minus current liabilities), the debt ratio (total liabilities to total assets) of each of the following transactions. Consider each transaction seperately and assume that prior to each transaction the current ratio is 1.8x, the quick ratio is 1.5x, and the debt ratio is 75%. Think about what is included in each portion of the ratio. Use "I" for increase, "D" for decrease, and "N" for no...
Dec. 31, 2049 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 $292,800 105,160 311,350...
Dec. 31, 2049 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 $292,800 105,160 311,350 120,620 Inventories 323,750 O 166,050 Investments Land Equipment Accumulated depreciation-equipment Total assets 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par $216,230 21,500 11,950 64,510 242,510 637,930 $1,194,630 $203,100 26,810 9,280 50,520 140,210 601,050 $1,030,970 Paid-in capital in excess of par--common stock Retained earnings Total liabilities and stockholders'...
Comparative Balance Sheet This Year Last Year Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expense:s $61,000 $ 40,00e 530,000 860,00e 5,000 1,629,000 1,435,000 3,170,000 2,600,00e 755,000 2,360,000 1,845,000 110,000 170,000 $4,263,000 $3,560,006e 710,000 848, 000 10,000 Total current assets Property, plant, and equipment Less accumulated depreciation 810,00e Net property, plant, and equipment Long-term investments Loans to subsidiaries Total assets 60,000 214,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable $ 970,000...
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities $13,500 6,000 4,500 9,000 33,000 22,500 43.500 135,000 90,000 52,500 25,500 43,500 6,000 19,500...
Question 1: Short answer 1. Indicate whether each of the actions listed below will immediately increase (1), decreas have no effect on the ratios shown. Assume each ratio is less than 10 before action is taken. 18 points] . Current Ratio = Current Assets / Current Liabilities Acid-test Ratio = Quick Assets / Current Liabilities Quick Assets = unrestricted cash + short-term investments + accounts receivable Action Current Ratio Acid-test Ratio A firm purchased inventory on account A firm received...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $70,434 $55,900 Accounts receivable (net) 54,054 70,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash A Accounts Receivable A increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,141 $36,700 Accounts receivable (net) 42,180 55,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400 45,800 Current Year $49,368 Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown with decrease using a minus sign before the amount and the percentage. Account Cash Accounts Receivable increase,decrease 25,648 horizontal analysis? Enter a Dollar Change Percent Change
Dec. 31, 2049 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 $292,800 105,160 311,350 120,620 Inventories 323,750 O 166,050 Investments Land Equipment Accumulated depreciation-equipment Total assets 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable Common stock, $10 par $216,230 21,500 11,950 64,510 242,510 637,930 $1,194,630 $203,100 26,810 9,280 50,520 140,210 601,050 $1,030,970 Paid-in capital in excess of par--common stock Retained earnings Total liabilities and stockholders'...
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