Homework Answers
4: C
(A is long term. B is not issued in the money market. D is not issued by the company. Commercial paper is issued by the company to raise funds for working capital)
5: Option 3
Balance sheet lists the historical value of assets liabilities and equity. It is as on a particular date.
6: True
Depreciation is an expense but is a non cash expense since there is no real cash flow involved.
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Question 4 3 pts Which of the following debt instruments are issued by a company in...
Which of the following debt instruments are issued by a company
Which of the following debt instruments are issued by a company in the Money Markets to finance working capital investments (short term) - like inventory to sell to customers? A. Corporate notes or bonds (long-term debt securities w/ greater than 1 year) B. Short-term debt from financial institutions (i.e., bank line of credit) C.Commercial paper issued by the company. D. Treasury bills E. B. and C F.All of the above.
Question 7 1 pts Examples of current liabilities are 6-month notes payable, salaries payable, and unearned...
Question 7 1 pts Examples of current liabilities are 6-month notes payable, salaries payable, and unearned revenue. O True O False Question 8 1 pts Which of the following is true of the work sheet? Assets are extended into the Balance Sheet columns as credits. O Expenses are extended into the Income Statement columnas debits. Liabilities are extended into the Balance Sheet columns as debits. Revenues are extended into the Income Statement columns as debits. Question 5 1 pts Which...
Which of the following equations best describes the accounting identity? 0 Long-term assets-short-term assets + Equity....
Which of the following equations best describes the accounting identity? 0 Long-term assets-short-term assets + Equity. O Assets = Liabilities + Equity. O Total claims Liabilities + Equity 0 Short-term assets = Cash + Receivables. 0 Long-term liabilities-Notes + Bonds.
Company A has the following balance sheet in market values with duration in brackets Liabilities and...
Company A has the following balance sheet in market values with duration in brackets Liabilities and Equity Assets Short-term debt 10 (2) 90 (15) Corporate Loans 20 (5) 100 (14) Long-term debt Mortgages Equity 20 and company B has the following balance sheet in market values also with duration in brackets Liabilities and Equity Assets Short-term debt 40 (0) Government Bonds 80 (20) Cash (2) Longer-term debt 70 (25) 10 Equity 40 a. What is duration of equity of company...
On June 30, 2020, Kingbird Company issued $3,120,000 face value of 15%, 20-year bonds at $3,824,160,...
On June 30, 2020, Kingbird Company issued $3,120,000 face value
of 15%, 20-year bonds at $3,824,160, a yield of 12%. Kingbird uses
the effective-interest method to amortize bond premium or discount.
The bonds pay semiannual interest on June 30 and December 31.
Fill the blank and select on of the options below for each
number.
1)
A) December 31, 2021
B) For the year ended December 31, 2021
C) For the Quarter ended December 31, 2021
2)
A) current assets...
19 of 41 (0 complete) This Test: 100 pts possibl This Question: 2 pts Dynamic Software,...
19 of 41 (0 complete) This Test: 100 pts possibl This Question: 2 pts Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2019. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2019 transaction affect the accounting equation? O A. liabilities will increase O B. equity will decrease O C. long-term assets will...
gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or...
gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or equity securities in which the investor holds less than 50 percent of the voting stock and that the investor plans to sell in the very near future are debt and equity Securities that the investor expects to hold for more than a year are investments in debt and equity securities that are highly liquid and that the investor intends to convert to cash within...
Chapter 05 Group work - STU.xlsx Problem 3 Page 4 Presented below are a number of...
Chapter 05 Group work - STU.xlsx Problem 3 Page 4 Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2020. Goodwill Payroll taxes payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ $ $ $ $ $ $ $ $ 125,000 177,591 300,000 15,000 360,000 480,000 445,700 265,000 490,000 ? 97,630 1,600,000 Accumulated depreciation equipment Inventory...
Balance Sheet December 31s (Millions of dollars) Scramouche Opera N&B Equipment Scramouche Opera Company Company Company...
Balance Sheet December 31s (Millions of dollars) Scramouche Opera N&B Equipment Scramouche Opera Company Company Company Liabilities Current liabilities N&B Equipment Company Assets Current assets Cash $861 $553 Accounts $0 payable Accounts 315 203 Accruals 190 receivable Inventories 1,012 924 $2,100 594 $1,350 1,075 $1,265 Total current $1,012 assets Notes payable Total current liabilities Long-term bonds Total debt Net fixed assets 1,547 $2,812 1,238 $2,250 Net plant and 1,650 1,650 equipment Common equity Common stock $610 328 $488 262 Retained...
Correctly answer each part of question 2 2 Liquidity ratios Aa Aa Most firms borrow money...
Correctly answer each part of question 2
2 Liquidity ratios Aa Aa Most firms borrow money to finance some of their assets, and most will choose to borrow some long-term funds and some short-term funds. Which group of lenders would put greater emphasis on a firm's liquidity ratio when evaluating a potential borrower? Short-term lenders O Long-term lenders follows: The most recent data from the annual balance sheets of N8B Equipment Company and Scramouche Opera Company are as Balance Sheet...
Question 7 1 pts Examples of current liabilities are 6-month notes payable, salaries payable, and unearned revenue. O True O False Question 8 1 pts Which of the following is true of the work sheet? Assets are extended into the Balance Sheet columns as credits. O Expenses are extended into the Income Statement columnas debits. Liabilities are extended into the Balance Sheet columns as debits. Revenues are extended into the Income Statement columns as debits. Question 5 1 pts Which...
Which of the following equations best describes the accounting identity? 0 Long-term assets-short-term assets + Equity. O Assets = Liabilities + Equity. O Total claims Liabilities + Equity 0 Short-term assets = Cash + Receivables. 0 Long-term liabilities-Notes + Bonds.
Company A has the following balance sheet in market values with duration in brackets Liabilities and Equity Assets Short-term debt 10 (2) 90 (15) Corporate Loans 20 (5) 100 (14) Long-term debt Mortgages Equity 20 and company B has the following balance sheet in market values also with duration in brackets Liabilities and Equity Assets Short-term debt 40 (0) Government Bonds 80 (20) Cash (2) Longer-term debt 70 (25) 10 Equity 40 a. What is duration of equity of company...
On June 30, 2020, Kingbird Company issued $3,120,000 face value
of 15%, 20-year bonds at $3,824,160, a yield of 12%. Kingbird uses
the effective-interest method to amortize bond premium or discount.
The bonds pay semiannual interest on June 30 and December 31.
Fill the blank and select on of the options below for each
number.
1)
A) December 31, 2021
B) For the year ended December 31, 2021
C) For the Quarter ended December 31, 2021
2)
A) current assets...
19 of 41 (0 complete) This Test: 100 pts possibl This Question: 2 pts Dynamic Software, Inc. invests excess cash of $100,000 in corporate bonds on March 30, 2019. The bonds mature 20 years from the date of purchase. Dynamic plans to hold the bonds until maturity and has the ability to do so. How does the March 30, 2019 transaction affect the accounting equation? O A. liabilities will increase O B. equity will decrease O C. long-term assets will...
gy.com/assigny 2332078316/assessment Question 10 Short-term investments 0 а 0 b are investments in debt securities or equity securities in which the investor holds less than 50 percent of the voting stock and that the investor plans to sell in the very near future are debt and equity Securities that the investor expects to hold for more than a year are investments in debt and equity securities that are highly liquid and that the investor intends to convert to cash within...
Chapter 05 Group work - STU.xlsx Problem 3 Page 4 Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2020. Goodwill Payroll taxes payable Bonds payable Discount on bonds payable Cash Land Notes receivable Notes payable (to banks) Accounts payable Retained earnings Income taxes receivable Notes payable (long-term) $ $ $ $ $ $ $ $ $ 125,000 177,591 300,000 15,000 360,000 480,000 445,700 265,000 490,000 ? 97,630 1,600,000 Accumulated depreciation equipment Inventory...
Balance Sheet December 31s (Millions of dollars) Scramouche Opera N&B Equipment Scramouche Opera Company Company Company Liabilities Current liabilities N&B Equipment Company Assets Current assets Cash $861 $553 Accounts $0 payable Accounts 315 203 Accruals 190 receivable Inventories 1,012 924 $2,100 594 $1,350 1,075 $1,265 Total current $1,012 assets Notes payable Total current liabilities Long-term bonds Total debt Net fixed assets 1,547 $2,812 1,238 $2,250 Net plant and 1,650 1,650 equipment Common equity Common stock $610 328 $488 262 Retained...
Correctly answer each part of question 2
2 Liquidity ratios Aa Aa Most firms borrow money to finance some of their assets, and most will choose to borrow some long-term funds and some short-term funds. Which group of lenders would put greater emphasis on a firm's liquidity ratio when evaluating a potential borrower? Short-term lenders O Long-term lenders follows: The most recent data from the annual balance sheets of N8B Equipment Company and Scramouche Opera Company are as Balance Sheet...
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