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...
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1. Zhang Company has a loan agreement that provides it with cash today, and the company...
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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...
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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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