Homework Answers
If you are benefited from the
solution then please LIKE , if disliked then please specify the
reason.
Add Answer to:
Calculate the current ratio using the following information: (Round your answer to two decimal places.) Cash...
Question 50 2 pts Calculate the current ratio using the following information: (Round your answer to...
Question 50 2 pts Calculate the current ratio using the following information: (Round your answer to two decimals) Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable -- long term $6,000 1,300 1,100 20,000 6,000 1,000 5,000 1,000 8,000 A) 1.40 B)1.68 09144 D) 1.22
Debit Credit Building Cash Office Supplies Fumiture Prepaid Insurance Accumulated Depreciation Furniture Land Accumulated Depreciation Building...
Debit Credit Building Cash Office Supplies Fumiture Prepaid Insurance Accumulated Depreciation Furniture Land Accumulated Depreciation Building Accounts Receivable $140,000 6,000 900 6,000 $3,000 33,000 4,500 2,200 he insurance has been prepaid until June 30, 2019. Determine the amount of total current assets reported on the balance sheet at December 31, 2018 O A. $14,200 ов. s6900 OC. $9,550 O D. $7,350
Print 5. Cynthia Elmer. CPA, had the following partial worksheet: (Click the icon to view the...
Print 5. Cynthia Elmer. CPA, had the following partial worksheet: (Click the icon to view the partial worksheet.) Read the requirements? Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Cynthia Elmer, CPA Worksheet December 31, 2018 Income Adjusted Trial Balance Balance Sheet Statement Account Names Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent 46,900...
The current ratio is (Round your answer to 2 decimal places.): The following partial balance sheet...
The current ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 228 79 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) - 61 307 Liabilities and Equity Current liabilities: $ 61 Accounts payable 176 Other current liabilities Total current liabilities 217 Long-term liabilities 39 Total liabilities 554 Shareholders' equity: 271 Common stock Retained earnings Total...
Use the information in the adjusted trial balance presented below to calculate the current ratio for...
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cr. Dr. $ 50,000 25,000 10,200 190,000 points (8 01:53:57 $ 95,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 104,000 26,000 4,650 7,700 57,000 188,850 $379,200 O O O O
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31,...
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2014 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings $140,000 $20,000 $160,000 $320,000 $130,000 Accounts payable $100,000 Salaries and wages payable $110,000 Mortgage payable $60,000 Total liabilities $170,000 $180,000 $210,000 Common stock $240,000 Less: Accumulated depreciation ($40,000) $170,000 Retained earnings $500,000 Trademarks $740,000 arks $140,000 Total stockholders' equity Total liabilities and stockholders' $1.060.000 equity Total assets $1.060,000 2.50:1 2.13:1 1.44:1 2.86:1
Make a cash flow statement using the following information below. 2017 Income Statement Sales 989 100...
Make a cash flow statement using the following information
below.
2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31,...
Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31, 2022 $199000 Accounts payable 158150 Salaries and wages payable 161000 Mortgage payable 90700 Total liabilities $197000 28500 241500 $467000 Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks 253000 293000 $313000 (56000) 257000 Common stock $424850 Retained earnings 725000 Total stockholders' equity $1149850 Total liabilities and stockholders' equity $1616850 205000 $1616850 Total assets O 1.58:1 03.09:1 2.30:1 O 2.70:1
Ashley Corp.'s trial balance included the following account balances at December 31, 2021: Accounts receivable (net)....
Ashley Corp.'s trial balance included the following account balances at December 31, 2021: Accounts receivable (net). $82,000 Trading securities. 14,000 Accumulated depreciation on equipment and furniture. 30,000 Cash 20,000 Inventory 54,000 Equipment 50,000 Patent 8,000 Prepaid expenses 3,000 Land held for future business site. 36,000 In Ashley's December 31, 2021 statement of financial position, the current assets total is $147,000 $209,000 Ob. $173.000 Ос. $181,000 Od
Dear tutor, please answer all the questions below. Given below are the account balances for Perniagaan...
Dear tutor, please answer all the questions below.
Given below are the account balances for Perniagaan Salam, and the necessary adjustments at year end. All accounts carry normal balances. Perniagaan Salam, Account Balances Year ended 31st December, 2019 Accounts Cash Accounts Receivables Supplies Prepaid Rent Furniture Accumulated Depreciation-Fumiture Land Accounts Payable Salary Payable Unearned Sales Revenue Capital Withdrawals Service Revenues Salary Expense Rent Expense Utilities Expense Maintenance Expense Supplies Expense Depreciation Expense-Furniture RM 98,000 22,000 39,000 7,000 41,000 8,000 120,000...
Question 50 2 pts Calculate the current ratio using the following information: (Round your answer to two decimals) Cash Accounts Receivable Prepaid Rent Land Equipment Accumulated Depreciation Accounts Payable Salaries Payable Notes Payable -- long term $6,000 1,300 1,100 20,000 6,000 1,000 5,000 1,000 8,000 A) 1.40 B)1.68 09144 D) 1.22
Debit Credit Building Cash Office Supplies Fumiture Prepaid Insurance Accumulated Depreciation Furniture Land Accumulated Depreciation Building Accounts Receivable $140,000 6,000 900 6,000 $3,000 33,000 4,500 2,200 he insurance has been prepaid until June 30, 2019. Determine the amount of total current assets reported on the balance sheet at December 31, 2018 O A. $14,200 ов. s6900 OC. $9,550 O D. $7,350
Print 5. Cynthia Elmer. CPA, had the following partial worksheet: (Click the icon to view the partial worksheet.) Read the requirements? Requirement 1. Complete the worksheet. Complete the worksheet by preparing the Income Statement and Balance Sheet columns. Be sure to calculate the total debits and credits in each step. Cynthia Elmer, CPA Worksheet December 31, 2018 Income Adjusted Trial Balance Balance Sheet Statement Account Names Debit Credit Debit Credit Debit Credit Cash Accounts Receivable Office Supplies Prepaid Rent 46,900...
The current ratio is (Round your answer to 2 decimal
places.):
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. $ 228 79 Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) - 61 307 Liabilities and Equity Current liabilities: $ 61 Accounts payable 176 Other current liabilities Total current liabilities 217 Long-term liabilities 39 Total liabilities 554 Shareholders' equity: 271 Common stock Retained earnings Total...
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cr. Dr. $ 50,000 25,000 10,200 190,000 points (8 01:53:57 $ 95,000 Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 104,000 26,000 4,650 7,700 57,000 188,850 $379,200 O O O O
Use the following data to calculate the current ratio. Koonce Office Supplies Balance Sheet December 31, 2014 Cash Accounts receivable Inventory Prepaid insurance Stock investments Land Buildings $140,000 $20,000 $160,000 $320,000 $130,000 Accounts payable $100,000 Salaries and wages payable $110,000 Mortgage payable $60,000 Total liabilities $170,000 $180,000 $210,000 Common stock $240,000 Less: Accumulated depreciation ($40,000) $170,000 Retained earnings $500,000 Trademarks $740,000 arks $140,000 Total stockholders' equity Total liabilities and stockholders' $1.060.000 equity Total assets $1.060,000 2.50:1 2.13:1 1.44:1 2.86:1
Make a cash flow statement using the following information
below.
2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
Use the following data to calculate the current ratio. Cash Wildhorse Co. Balance Sheet December 31, 2022 $199000 Accounts payable 158150 Salaries and wages payable 161000 Mortgage payable 90700 Total liabilities $197000 28500 241500 $467000 Accounts receivable Inventory Prepaid insurance Stock investments (long-term) Land Buildings Less: Accumulated depreciation Trademarks 253000 293000 $313000 (56000) 257000 Common stock $424850 Retained earnings 725000 Total stockholders' equity $1149850 Total liabilities and stockholders' equity $1616850 205000 $1616850 Total assets O 1.58:1 03.09:1 2.30:1 O 2.70:1
Ashley Corp.'s trial balance included the following account balances at December 31, 2021: Accounts receivable (net). $82,000 Trading securities. 14,000 Accumulated depreciation on equipment and furniture. 30,000 Cash 20,000 Inventory 54,000 Equipment 50,000 Patent 8,000 Prepaid expenses 3,000 Land held for future business site. 36,000 In Ashley's December 31, 2021 statement of financial position, the current assets total is $147,000 $209,000 Ob. $173.000 Ос. $181,000 Od
Dear tutor, please answer all the questions below.
Given below are the account balances for Perniagaan Salam, and the necessary adjustments at year end. All accounts carry normal balances. Perniagaan Salam, Account Balances Year ended 31st December, 2019 Accounts Cash Accounts Receivables Supplies Prepaid Rent Furniture Accumulated Depreciation-Fumiture Land Accounts Payable Salary Payable Unearned Sales Revenue Capital Withdrawals Service Revenues Salary Expense Rent Expense Utilities Expense Maintenance Expense Supplies Expense Depreciation Expense-Furniture RM 98,000 22,000 39,000 7,000 41,000 8,000 120,000...
Most questions answered within 3 hours.
-
What taboo subject did Ida B. Wells suggest was consensual
between black men and white women?...
asked 46 minutes ago -
You have just been hired by the EPA to help with the new gas
mileage standards...
asked 1 hour ago -
4) A firm is hit by increases in its wage rate, w.
a) How does this...
asked 1 hour ago -
A square current loop 5.4 cm on each side carries a 510 mA
current. The loop...
asked 4 hours ago -
What are five tips in conducting knowledge assessment/literature
review research? Each of these tips needs to...
asked 4 hours ago -
Antigen presenting cells link innate and adaptive immune
responses. In the theoretical scenario where phagosomes cannot...
asked 4 hours ago -
Dealing with conflict, in my opinion, is a skill and an art. I
believe that those...
asked 5 hours ago -
6. A long straight wire with circular cross section and radius
1.5 cm carries a 1.2...
asked 5 hours ago -
Deacon Corporation has provided the following financial data
from its balance sheet and income statement:
Year...
asked 6 hours ago -
List and discuss at least three variables from everyday life for
which you expect the variable ...
asked 6 hours ago -
A high-pass filter consists of a 1.60 μF capacitor in series
with a 125 Ω resistor....
asked 6 hours ago -
A newly developed artificial intelligence has trouble
distinguishing hand-written numbers from hand-written alphabets.
There are pictures...
asked 6 hours ago