Blitz Corp. has a book value of equity of $13,380. Long-term debt is $8,550. Net working...
|
Blitz Corp. has a book value of equity of $13,380. Long-term debt is $8,550. Net working capital, other than cash, is $3,235. Fixed assets are $17,730 and current liabilities are $1,770. |
| How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
| What are current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) |
Homework Answers
As we all know accounting equation is
Assets = Liabilities + Equity
Fixed assets + current assets + cash = current liabilities + long term liabilities + equity
$ 17,730 +$ 3,235 + cash = $ 8,550 +$ 13,380
cash = $ 965
Current assets will be as follows:
= $ 965 + $ 3,235 + $ 1,770
= $ 5,970
Feel free to ask in case of any query relating to this question
Add Answer to:
Blitz Corp. has a book value of equity of $13,380. Long-term
debt is $8,550. Net working...
Blitz Corp. has a book value of equity of $13,480. Long-term debt is $8,750. Net working...
Blitz Corp. has a book value of equity of $13,480. Long-term debt is $8,750. Net working capital, other than cash, is $3,605. Fixed assets are $17,930 and current liabilities are $1,850. How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What are current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash Current assets
Bear Tracks, Inc., has current assets of $2,270, net fixed assets of $10,300, current liabilities of...
Bear Tracks, Inc., has current assets of $2,270, net fixed assets of $10,300, current liabilities of $1,400, and long-term debt of $4,080. What is the value of the shareholders’ equity account for this firm? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Shareholders' equity $ How much is the company's net working capital? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Net working capital...
Trower Corp. has a debt–equity ratio of .90. The company is considering a new plant that...
Trower Corp. has a debt–equity ratio of .90. The company is considering a new plant that will cost $105 million to build. When the company issues new equity, it incurs a flotation cost of 7.5 percent. The flotation cost on new debt is 3 percent. What is the initial cost of the plant if the company raises all equity externally? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Do not round intermediate calculations and round your answer...
Jurion Co. Current $30,000 liabilities $ 6,300 Current assets Net fixed assets Long-term 34,200 debt Equity...
Jurion Co. Current $30,000 liabilities $ 6,300 Current assets Net fixed assets Long-term 34,200 debt Equity 10,500 47,400 Total $64,200 Total $64,200 James, Inc. $ 5,900 Current $ 3,300 Current assets Net fixed assets 10,100 liabilities Long-term debt Equity 2,600 10,100 Total $16,000 Total $16,000 Suppose the fair market value of James's fixed assets is $16,200 versus the $10,100 book value shown. Jurion pays $29,000 for James and raises the needed funds through an issue of long-term debt. Construct the...
2018 2019 Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Curre...
2018 2019 Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets $ 3,106 $ 3,312 Current liabilities 14,005 14,506 Net fixed assets Long-term debt $1,369 $ 2,028 10 points 7,317 8,364 Skipped CABO WABO, INC. 2019 Income Statement Sales 22,497 Costs $44,925 eBook 3,855 Print Depreciation Interest paid 1,005 References b. a. What is owners' equity for 2018 and 2019? (Do not round intermediate calculations and round your answers to...
Jurion Co. Current Current $30,000 $6,300 liabilities assets Net fixed assets Long-term debt Equity 10,500 34,200...
Jurion Co. Current Current $30,000 $6,300 liabilities assets Net fixed assets Long-term debt Equity 10,500 34,200 47,400 $64,200 $64,200 Total Total James, Inc. Current liabilities Long-term debt Current $ 5,900 $3,300 assets Net fixed 10,100 2,600 assets Equity 10,100 $16,000 Total $16,000 Total Suppose the fair market value of James's fixed assets is $16,200 versus the $10,100 book value shown. Jurion pays $29,000 for James and raises the needed funds through an issue of long-term debt. Construct the postmerger balance...
Prescott Football Manufacturing had the following operating results for 2019: sales = $30,774; cost of goods...
Prescott Football Manufacturing had the following operating results for 2019: sales = $30,774; cost of goods sold = $21,956, depreciation expense = $3,596, interest expense = $604, dividends paid = $897. At the beginning of the year, net fixed assets were $20,394, current assets were $1,973, and current liabilities were $5,108. At the end of the year, net fixed assets were $23,257, current assets were $4,579, and current liabilities were $3,269. The tax rate for 2019 was 23 percent. a....
The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term...
The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .36 and a current ratio of 1.34. Current liabilities are $2,430, sales are $10,570, profit margin is 10 percent, and ROE is 15 percent. What is the amount of the firm’s current assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current assets $ What is the amount of the firm’s net income?...
Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets...
Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets $3,025 $3,213 Current liabilities $ 1,315 $ 1,938 Net fixed assets 13,906 14,497 Long-term debt one 7,209 8,265 CABO WABO, INC. 2019 Income Statement Sales 44,790 22,452 Costs Depreciation 3.801 Interest paid 1,023 b. What is owners' equity for 2018 and 2019? (Do not round intermediate...
indicated by a minus sign. Do not rouna intermediate calculations and round your answer to the...
indicated by a minus sign. Do not rouna intermediate calculations and round your answer to the nearest whole number, e.g., 32.) C-1. In 2019, the company purchased $8,038 in new fixed assets. The tax rate is 23 percent. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. What is the cash flow from assets for the year? (Do not round intermediate calculations and...
Blitz Corp. has a book value of equity of $13,480. Long-term debt is $8,750. Net working capital, other than cash, is $3,605. Fixed assets are $17,930 and current liabilities are $1,850. How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) What are current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash Current assets
Jurion Co. Current $30,000 liabilities $ 6,300 Current assets Net fixed assets Long-term 34,200 debt Equity 10,500 47,400 Total $64,200 Total $64,200 James, Inc. $ 5,900 Current $ 3,300 Current assets Net fixed assets 10,100 liabilities Long-term debt Equity 2,600 10,100 Total $16,000 Total $16,000 Suppose the fair market value of James's fixed assets is $16,200 versus the $10,100 book value shown. Jurion pays $29,000 for James and raises the needed funds through an issue of long-term debt. Construct the...
2018 2019 Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets $ 3,106 $ 3,312 Current liabilities 14,005 14,506 Net fixed assets Long-term debt $1,369 $ 2,028 10 points 7,317 8,364 Skipped CABO WABO, INC. 2019 Income Statement Sales 22,497 Costs $44,925 eBook 3,855 Print Depreciation Interest paid 1,005 References b. a. What is owners' equity for 2018 and 2019? (Do not round intermediate calculations and round your answers to...
Jurion Co. Current Current $30,000 $6,300 liabilities assets Net fixed assets Long-term debt Equity 10,500 34,200 47,400 $64,200 $64,200 Total Total James, Inc. Current liabilities Long-term debt Current $ 5,900 $3,300 assets Net fixed 10,100 2,600 assets Equity 10,100 $16,000 Total $16,000 Total Suppose the fair market value of James's fixed assets is $16,200 versus the $10,100 book value shown. Jurion pays $29,000 for James and raises the needed funds through an issue of long-term debt. Construct the postmerger balance...
Prescott Football Manufacturing had the following operating results for 2019: sales = $30,774; cost of goods sold = $21,956, depreciation expense = $3,596, interest expense = $604, dividends paid = $897. At the beginning of the year, net fixed assets were $20,394, current assets were $1,973, and current liabilities were $5,108. At the end of the year, net fixed assets were $23,257, current assets were $4,579, and current liabilities were $3,269. The tax rate for 2019 was 23 percent. a....
Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019 2018 2019 Assets Liabilities and Owners' Equity Current assets $3,025 $3,213 Current liabilities $ 1,315 $ 1,938 Net fixed assets 13,906 14,497 Long-term debt one 7,209 8,265 CABO WABO, INC. 2019 Income Statement Sales 44,790 22,452 Costs Depreciation 3.801 Interest paid 1,023 b. What is owners' equity for 2018 and 2019? (Do not round intermediate...
indicated by a minus sign. Do not rouna intermediate calculations and round your answer to the nearest whole number, e.g., 32.) C-1. In 2019, the company purchased $8,038 in new fixed assets. The tax rate is 23 percent. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. What is the cash flow from assets for the year? (Do not round intermediate calculations and...
Most questions answered within 3 hours.
-
7.
________ involves individuals trading goods they already have or
providing services in exchange for something...
asked 2 minutes ago -
Share your research problem. What databases did you search as
you gathered evidence to support your...
asked 2 minutes ago -
what process occurs to form microspores and megaspores in flowering
plants?
asked 10 minutes ago -
C++
I need to use the function getData to put in all my data using
arrays....
asked 9 minutes ago -
A block is hung by a string from the inside roof of a van. When
the...
asked 16 minutes ago -
Do you think companies should not go for long term debt in their
capital structure to...
asked 24 minutes ago -
I create an address book where the user enters the name, phone
and email in the...
asked 30 minutes ago -
The production capacity for acrylonitrile
(C3H3N) in the United States exceeds 2
million pounds per year....
asked 38 minutes ago -
explain and comment out your answer
43. How many address lines are required to address a...
asked 44 minutes ago -
A sample of 45 observations is selected from a normal
population. The sample mean is 49,...
asked 59 minutes ago -
A construction company is planning to bid on a building
contract. The bid costs the company...
asked 57 minutes ago -
A firm operating in a purely competitive environment is faced
with a market price of $250....
asked 1 hour ago