The following is an extract of Aster Inc.’s balances: Items Amount ($) Opening inventory 20,000 Closing...
The following is an extract of Aster Inc.’s balances:
| Items | Amount ($) |
|---|---|
| Opening inventory | 20,000 |
| Closing inventory | 10,000 |
| Sales | 50,000 |
What is Aster’s return-on-assets ratio?
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The following is an extract of Aster Inc.’s balances:
Items
Amount
($)
Opening inventory
20,000
Closing...
The following is an extract of the balances of a company. What is the company’s return-on-assets...
The following is an extract of the balances of a company. What is the company’s return-on-assets percentage? Items Amount ($) Revenue 50,000 Expenses 10,000 Tax paid 10,000 Fixed assets 80,000 Current assets 20,000
From the following balances for Alpha Inc., calculate the working capital of the company. Items Amount...
From the following balances for Alpha Inc., calculate the working capital of the company. Items Amount ($) Accounts payable 50,000 Inventory 80,000 Tax payable 10,000 Cash at bank 80,000 Prepaid rent 2,000
This is an extract from Kamal's trabalance for the year end 30 June 20x8 Opening inventory...
This is an extract from Kamal's trabalance for the year end 30 June 20x8 Opening inventory Closing inventory Purchases Carriage inwards Distribution costs Administration salanes Depreciation $ 19 500 22 250 325000 8250 28.125 96.750 31.400 Depreciation expense is split equally between cost of sales and depen What should be the cost of sales figure shown in Kamal's statement of proftross for year ended 30 June 20x8
2. Given the following, what is the amount of Capital? Assets: Premises $20,000; Inventory $8,500; Cash...
2. Given the following, what is the amount of Capital? Assets: Premises $20,000; Inventory $8,500; Cash $100. Liabilities: Accounts payable $3,000; Loan from A.Adams $4,000: $21,100 b. $21,600 c. $32,400 d. $21,400 3. A debit balance of $100 in a cash account shows that: There was $100 cash in hand Cash has been overspent by $100 $100 was the total of cash paid out The total of cash received was less than $100 4. Discounts...
Dexter Horton, Inc. had the following balances at the end of 2014: assets, $40,000; liabilities, $20,000;...
Dexter Horton, Inc. had the following balances at the end of 2014: assets, $40,000; liabilities, $20,000; retained earnings, $5,000; dividends, $7,000; and net income, $8,000. What is the amount of Dexter Horton, Inc.'s contributed capital at the end of 2014? 4. A. $35,000 B. $20,000 C. $15,000 D. $8,000 E. $7,000
16. 2 Calculate the closing book inventory given the following information: Retail opening inventory $150,000.00 gr...
16. 2 Calculate the closing book inventory given the following information: Retail opening inventory $150,000.00 gross purchases $125,000.00 returns to vendors $20,000.00 net purchases transfers in $35,000.00 transfers out $10,000.00 additional markup $2,000.00 total merch handled net sales $112,000.00 markdowns $18,000.00 markdown cancellations $3,000.00 employee discounts $3,000.00 total retail deductions closing book inventory
KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900;...
KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900; Interest Revenue $13,500; Retained Earnings $10,000; Cost of Goods Sold $556,000; Operating Expenses $189,000; Dividends $18,000 After closing revenues and expenses, what is the balance in Income Summary? (Be sure to indicate whether this is a debit balance or a credit balance). Your answer should be in the following form: $50,000 credit
KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900;...
KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900; Interest Revenue $13,500; Retained Earnings $20,000; Cost of Goods Sold $556,000; Operating Expenses $189,000; Dividends $12,000 After all closing entries have been posted, what is the balance in Retained Earnings to be reported on the balance sheet? (Be sure to indicate whether this is a debit balance or a credit balance). Your answer should be in the following form: $50,000 credit
7. Calculate the July closing book inventory for Boys' 4-7 at retail given the following Opening...
7. Calculate the July closing book inventory for Boys' 4-7 at retail given the following Opening book inventory Net sales $98,000 $16,000 $4,500 $27,500 $3,000 Markdowns Purchases Returns to vendor
Calculate (i) debt-equity ratio and (ii) Liquid ratio iii) Turnover ratios from the following balance sheet...
Calculate (i) debt-equity ratio and (ii) Liquid ratio iii) Turnover ratios from the following balance sheet and additional information. Balance Sheet Liabilities Amount - £ Assets Amount - £ Equity shares of £ 10 each 100,000 Goodwill 60,000 Reserves 20,000 Fixed Assets at cost 140,000 Profit and loss account 30,000 Stock 30,000 Secured loan 80,000 Sundry debtors 30,000 Sundry Creditors 50,000 Advances 10,000 Provision for taxation 20,000 Cash 30,000 300,000 300,000 The sales for the year were £ 560,000 and...
This is an extract from Kamal's trabalance for the year end 30 June 20x8 Opening inventory Closing inventory Purchases Carriage inwards Distribution costs Administration salanes Depreciation $ 19 500 22 250 325000 8250 28.125 96.750 31.400 Depreciation expense is split equally between cost of sales and depen What should be the cost of sales figure shown in Kamal's statement of proftross for year ended 30 June 20x8
Dexter Horton, Inc. had the following balances at the end of 2014: assets, $40,000; liabilities, $20,000; retained earnings, $5,000; dividends, $7,000; and net income, $8,000. What is the amount of Dexter Horton, Inc.'s contributed capital at the end of 2014? 4. A. $35,000 B. $20,000 C. $15,000 D. $8,000 E. $7,000
16. 2 Calculate the closing book inventory given the following information: Retail opening inventory $150,000.00 gross purchases $125,000.00 returns to vendors $20,000.00 net purchases transfers in $35,000.00 transfers out $10,000.00 additional markup $2,000.00 total merch handled net sales $112,000.00 markdowns $18,000.00 markdown cancellations $3,000.00 employee discounts $3,000.00 total retail deductions closing book inventory
KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900; Interest Revenue $13,500; Retained Earnings $10,000; Cost of Goods Sold $556,000; Operating Expenses $189,000; Dividends $18,000 After closing revenues and expenses, what is the balance in Income Summary? (Be sure to indicate whether this is a debit balance or a credit balance). Your answer should be in the following form: $50,000 credit
KS Company has the following year-end account balances (before closing); all balances are normal: Sales $728,900; Interest Revenue $13,500; Retained Earnings $20,000; Cost of Goods Sold $556,000; Operating Expenses $189,000; Dividends $12,000 After all closing entries have been posted, what is the balance in Retained Earnings to be reported on the balance sheet? (Be sure to indicate whether this is a debit balance or a credit balance). Your answer should be in the following form: $50,000 credit
7. Calculate the July closing book inventory for Boys' 4-7 at retail given the following Opening book inventory Net sales $98,000 $16,000 $4,500 $27,500 $3,000 Markdowns Purchases Returns to vendor
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