Homework Answers
| choose numerator | / | choose denominator | * | Days | = | Days sales uncollected | ||
| 2016 | $ 57,000 | / | $ 669,000 | * | 365 | = | 31.1 | days |
| 2017 | $ 95,000 | / | $ 746,000 | * | 365 | = | 46.5 | days |
Days sales uncollected = Accounts receivables at end of year / Net sales for the year *365
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G trncc Ch 06 Homework Saved Help Save & Exin Check 6 Exercise 6-12 Liquid assets...
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively. Barga Co....
Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $57000, and December 31, 2017 $91,000 ar Complete the below table to calciulate the doys' sales uncollected at the end of each yeor (Round your Days' Sales Uncollectedr answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator:...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.] Simon Companyâ€s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 26,619 $ 31,115 $ 32,412 Accounts receivable, net 89,000 62,100 53,200 Merchandise inventory 114,500 83,000 57,000 Prepaid expenses 8,572 8,168 3,601 Plant assets, net 217,041 208,489 184,487 Total assets $ 455,732 $ 392,872 $ 330,700 Liabilities and Equity Accounts payable $ 112,342 $ 65,731 $ 43,216...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 (The following information applies to the...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,733 $ 32,418 $ 32,457 89,500 63,000 52,300 114,000...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 27,904 $ 32...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.j Simon Company's year-end balance sheets follovw At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 31,800 35,625 $37,800 50,200 54,000 5,000 278, 500 255,000 230,500 $523,000 $445,000 377,500 89,500 62,500 112,500 82,500 9,375 10,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 $ 51,250 mortgages on plant assets Common...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,230 $ 37,673 $ 39,243 89,400 62,800 50, 100...
Make sure the steps are clear please 4 Check ny w Required information Exercise 13-8 Liquidity...
Make sure the steps are clear please
4 Check ny w Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 (The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. Part 1 of 4 714 points Cash Accounts receivable, net Merchandise inventory Prepaid expensers Plant assets, net Total assets 34,644 40,496 42,184 89,200 62,800 50,600 112,500 84,000 5,000 10,630 345,624 313,389 278,929 $593,125 $ 511,315 $430,400 11,157 Hint Liabilities and Equity Accounts payable Long-term...
Chapter 13 Homepage Managerial Acetil apter 13 Homework Required information The following information applies to the...
Chapter 13 Homepage Managerial Acetil apter 13 Homework Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow At December 31 2017 2016 2015 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asete Liabilities and Equity $ 29,951 $ 35,010 $ 37.221 89.300 62,900 51,200 111,500 84,500 57.000 9,645 9,190 4,136 282.957 259,566 238,043 $ 523,353 $ 451.166 $ 387,600 $ 126,405 73,960 $ 49.628 Long-term totes payable secured by...
i need help and a expaination please ? Selected year-end financial statements of Cabot Corporation follow....
i need help and a expaination please ?
Selected year-end financial statements of Cabot Corporation follow. All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory, $52.900; total assets. $229.400; common stock, $88,000; and retained earnings, $32,712.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450,600 Cost of goods sold 297,650 Gross profit 152,950 Operating expenses 99, 100 Interest expense 3,800 Income before taxes 50.050 Income taxes 20, 162 Net income...
Simon Company's year-end balance sheets follow $ 26,172$30,593 $30,930 58,800 83,50056,000 89,700 110,000 8,428 62,800 Accounts receivable, net se inventory 3,437 200,597 189,987 157,133 $...
Simon Company's year-end balance sheets follow $ 26,172$30,593 $30,930 58,800 83,50056,000 89,700 110,000 8,428 62,800 Accounts receivable, net se inventory 3,437 200,597 189,987 157,133 $ 434,897 $374,911 $ 306,30e 8,031 Prepaid expenses Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $ 110,455 $ 64,627$ 41,240 mortgages on plant assets Common stock, $1e par value Retained earnings Total liabilities and equity 83,396 87,954 69,046 162,500 162,500 162,500 33,514 $ 434,897 $ 374,911 $306,300 78,546 59,830 The company's...
Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $57000, and December 31, 2017 $91,000 ar Complete the below table to calciulate the doys' sales uncollected at the end of each yeor (Round your Days' Sales Uncollectedr answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator:...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 27,733 $ 32,418 $ 32,457 89,500 63,000 52,300 114,000...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.j Simon Company's year-end balance sheets follovw At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 31,800 35,625 $37,800 50,200 54,000 5,000 278, 500 255,000 230,500 $523,000 $445,000 377,500 89,500 62,500 112,500 82,500 9,375 10,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 $ 51,250 mortgages on plant assets Common...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,230 $ 37,673 $ 39,243 89,400 62,800 50, 100...
Make sure the steps are clear please
4 Check ny w Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 (The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. Part 1 of 4 714 points Cash Accounts receivable, net Merchandise inventory Prepaid expensers Plant assets, net Total assets 34,644 40,496 42,184 89,200 62,800 50,600 112,500 84,000 5,000 10,630 345,624 313,389 278,929 $593,125 $ 511,315 $430,400 11,157 Hint Liabilities and Equity Accounts payable Long-term...
Chapter 13 Homepage Managerial Acetil apter 13 Homework Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow At December 31 2017 2016 2015 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asete Liabilities and Equity $ 29,951 $ 35,010 $ 37.221 89.300 62,900 51,200 111,500 84,500 57.000 9,645 9,190 4,136 282.957 259,566 238,043 $ 523,353 $ 451.166 $ 387,600 $ 126,405 73,960 $ 49.628 Long-term totes payable secured by...
i need help and a expaination please ?
Selected year-end financial statements of Cabot Corporation follow. All sales were on credit: selected balance sheet amounts at December 31, 2016, were inventory, $52.900; total assets. $229.400; common stock, $88,000; and retained earnings, $32,712.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 450,600 Cost of goods sold 297,650 Gross profit 152,950 Operating expenses 99, 100 Interest expense 3,800 Income before taxes 50.050 Income taxes 20, 162 Net income...
Simon Company's year-end balance sheets follow $ 26,172$30,593 $30,930 58,800 83,50056,000 89,700 110,000 8,428 62,800 Accounts receivable, net se inventory 3,437 200,597 189,987 157,133 $ 434,897 $374,911 $ 306,30e 8,031 Prepaid expenses Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $ 110,455 $ 64,627$ 41,240 mortgages on plant assets Common stock, $1e par value Retained earnings Total liabilities and equity 83,396 87,954 69,046 162,500 162,500 162,500 33,514 $ 434,897 $ 374,911 $306,300 78,546 59,830 The company's...
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