Homework Answers
Correct option is "C"- 140300
Total book value of current asset = Cash +Accounts receivable + Inventory
= 22500 + 41000 + 76800
= 140300
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Kat Outfitting currently has $22.500 in cash. The company owes $49.500 to suppliers for merchandise and...
Mahalo Tours currently has $10,500 in cash. The company owes $26,900 to suppliers for merchandise and...
Mahalo Tours currently has $10,500 in cash. The company owes $26,900 to suppliers for merchandise and $47,500 to the bank for a long-term loan. Customers owe the company $33,000 for their purchases. The inventory has a book value of $62,400 and an estimated market value of $65,600. If the store compiled a balance sheet as of today, what would be the book value of the current assets? $105,900 $100,700 $79,500 $117,500
5. MT bank is a traditional bank. Since FinTech became popular in recent years, the number...
5. MT bank is a traditional bank. Since FinTech became popular in recent years, the number of customers of the MT bank declined quickly. Therefore, the CEO of the MT bank decided to invest to FinTech to improve its business. Which of the following services can be achieved after invested in FinTech? I. Provide faster money transfer services with lower transaction cost. II. Provide integrated personal service to manage personal bills, accounts and/or credit. III. Provide a user-friendly payment system,...
1. Zhang Company has a loan agreement that provides it with cash today, and the company...
1. Zhang Company has a loan agreement that provides it with cash today, and the company must pay $25,000 4 years from today. Zhang agrees to a 6% interest rate. The present value of 1 (single sum) for 4 periods at 6% is 0.7921. What is the amount of cash that Zhang Company receives today? 2. The current year-end balance sheet data for a company are shown below. Assets: Cash $ 38,000 Marketable securities 45,000 Accounts receivable (net) 127,500 Merchandise...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $24,000 Cash paid for dividends, $6,800 Cash dividends received, $4,800 Cash proceeds from bank loan $37,000 Cash purchase of treasury stock, $15,000 Cash paid for equipment purchase, $31.000 Cash received from issuance of common stock, $41,000 Cash received from sale of land with a $36,000 book value, $28,200 Acquisition of land costing $55,000 in exchange for preferred stock issuance. Payment of...
Exam. Help now. Do 1-7 or more. Give me the answer. No need explanation. Fail or...
Exam. Help now. Do 1-7 or more. Give me the answer. No need
explanation. Fail or pass is on your hands. Thank you
or answers the question. 3 that best completes the statement cost of soods sold of s$12,900, and inventory of $74,315. What is the E) 5.70 times MULTIPLE CHOC. Choose the one alternative D UXZ has sales of $683,200, inventory turnover rate? D) 8.47 times A) 7.14 times B) 7.33 times C) 6.90 times 2) On March 2nd...
INSTRUCTIONS A. Prepare a Statement of Cash Flows B. Determine the Free Cash Flow The Company...
INSTRUCTIONS
A. Prepare a Statement of Cash Flows
B. Determine the Free Cash Flow
The Company has an unmatched pharmaceutical supply chain and procurement expertise, offering customers innovative solutions and optimal efficiencies a portfolio of retail and business brands, including Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics diversified and robust profit pools across the U.S., Europe and key...
Account Name Debit Credit Cash $35,000 Accounts Receivable 5,600 Food Inventory 21,000 62,500 Merchandise Inventory Prepaids...
Account Name Debit Credit Cash $35,000 Accounts Receivable 5,600 Food Inventory 21,000 62,500 Merchandise Inventory Prepaids 3,400 Computers 30,000 12.000 Accumulated Amortization - Computers Bakery Equipment 90,000 18,000 Accumulated Amortization - Bakery Equipment Furniture and Fixtures 150,000 15,000 Accumulated Amortization - Furniture and Fixtures Accounts Payable Accrued Liabilities Interest Payable Dividend Payable Long-term Loan 220,000 Common Shares Retained Earnings 50,000 22,000 468,500 Food Revenue Internet Revenue 127,000 Merchandise Revenue 103,000 Food Expense 2 40,000 Internet Expense 54,000 Electricity Expense 65,000...
b. Merchandise Inventory, before adjustment has a balance of $7,400. The newly counted inventory balance is...
b. Merchandise Inventory, before adjustment has a balance of $7,400. The newly counted inventory balance is $7.900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019 d. Prepaid Insurance has a balance of $11.400 for six months' insurance paid in advance on May 1, 2019 Store equipment costing $13,450 was purchased on March 31, 2019....
3 a. b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory...
3 a. b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory balance is $7.900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019 d. Prepaid Insurance has a balance of $11.400 for six months' insurance paid in advance on May 1, 2019. e. Store equipment costing $13,450 was purchased on...
Near the end of 2017, the management of Dimsdale Sports Co., a merchandising company, prepared t...
Near the end of 2017, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2017 DİMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets Cash $ 35,000 142,500 588,000 Accounts receivable Total current assets $ 697,500 Equipment Less: accumulated depreciation Total assets Accounts payable 73,500 Equipment, net 514,500 S 1,212,000 Liabilities and Equity 360,00 16,000 92,000 Bank loan payable axes payable (due 3/15/2018) Common stock Total stockholders' equity $468,000 1...
Mahalo Tours currently has $10,500 in cash. The company owes $26,900 to suppliers for merchandise and $47,500 to the bank for a long-term loan. Customers owe the company $33,000 for their purchases. The inventory has a book value of $62,400 and an estimated market value of $65,600. If the store compiled a balance sheet as of today, what would be the book value of the current assets? $105,900 $100,700 $79,500 $117,500
. Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $24,000 Cash paid for dividends, $6,800 Cash dividends received, $4,800 Cash proceeds from bank loan $37,000 Cash purchase of treasury stock, $15,000 Cash paid for equipment purchase, $31.000 Cash received from issuance of common stock, $41,000 Cash received from sale of land with a $36,000 book value, $28,200 Acquisition of land costing $55,000 in exchange for preferred stock issuance. Payment of...
Exam. Help now. Do 1-7 or more. Give me the answer. No need
explanation. Fail or pass is on your hands. Thank you
or answers the question. 3 that best completes the statement cost of soods sold of s$12,900, and inventory of $74,315. What is the E) 5.70 times MULTIPLE CHOC. Choose the one alternative D UXZ has sales of $683,200, inventory turnover rate? D) 8.47 times A) 7.14 times B) 7.33 times C) 6.90 times 2) On March 2nd...
INSTRUCTIONS
A. Prepare a Statement of Cash Flows
B. Determine the Free Cash Flow
The Company has an unmatched pharmaceutical supply chain and procurement expertise, offering customers innovative solutions and optimal efficiencies a portfolio of retail and business brands, including Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics diversified and robust profit pools across the U.S., Europe and key...
Account Name Debit Credit Cash $35,000 Accounts Receivable 5,600 Food Inventory 21,000 62,500 Merchandise Inventory Prepaids 3,400 Computers 30,000 12.000 Accumulated Amortization - Computers Bakery Equipment 90,000 18,000 Accumulated Amortization - Bakery Equipment Furniture and Fixtures 150,000 15,000 Accumulated Amortization - Furniture and Fixtures Accounts Payable Accrued Liabilities Interest Payable Dividend Payable Long-term Loan 220,000 Common Shares Retained Earnings 50,000 22,000 468,500 Food Revenue Internet Revenue 127,000 Merchandise Revenue 103,000 Food Expense 2 40,000 Internet Expense 54,000 Electricity Expense 65,000...
b. Merchandise Inventory, before adjustment has a balance of $7,400. The newly counted inventory balance is $7.900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019 d. Prepaid Insurance has a balance of $11.400 for six months' insurance paid in advance on May 1, 2019 Store equipment costing $13,450 was purchased on March 31, 2019....
3 a. b. Merchandise Inventory, before adjustment, has a balance of $7,400. The newly counted inventory balance is $7.900. c. Unearned Seminar Fees has a balance of $5,900, representing prepayment by customers for five seminars to be conducted in June, July, and August 2019. Two seminars had been conducted by June 30, 2019 d. Prepaid Insurance has a balance of $11.400 for six months' insurance paid in advance on May 1, 2019. e. Store equipment costing $13,450 was purchased on...
Near the end of 2017, the management of Dimsdale Sports Co., a merchandising company, prepared the following estimated balance sheet for December 31, 2017 DİMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets Cash $ 35,000 142,500 588,000 Accounts receivable Total current assets $ 697,500 Equipment Less: accumulated depreciation Total assets Accounts payable 73,500 Equipment, net 514,500 S 1,212,000 Liabilities and Equity 360,00 16,000 92,000 Bank loan payable axes payable (due 3/15/2018) Common stock Total stockholders' equity $468,000 1...
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