Homework Answers
| A vertical balance sheet is prepared for the above problem. Steps: 1. List out the current assets and total them. 2. List out the long-term assets and total them. | |||
| Balancesheet | |||
| Particulars | Amount | ||
| Liabilities: | |||
| Student Loan Balance | $ 6,000.00 | ||
| Automobile Loan Balance | $ 12,000.00 | ||
| Credit Card Balance | $ 4,000.00 | ||
| mortagage loan balance | $ 99,000.00 | ||
| Capital Account | $ 40,800.00 | ||
| Total Liabilities | $161,800.00 | ||
| Assets: | |||
| Cash | $ 50.00 | ||
| Checking Account | $ 2,500.00 | ||
| Stock and Bonds | $ 2,600.00 | ||
| Savings Account | $ 5,850.00 | ||
| Residence | $ 110,000.00 | ||
| Autombile | $ 12,000.00 | ||
| Savings Account | $ 5,800.00 | ||
| 401K retirment account | $ 15,000.00 | ||
| Furniture and others | $ 8,000.00 | ||
| Total Assets | $ 161,800.00 | ||
Add Answer to:
this subject is supposed to be Accounting for
Entrepreneurship
* please explain your answer and right...
this subject is supposed to be Accounting for Entrepreneurship * please explain your answer and right...
this subject is supposed to be Accounting for
Entrepreneurship
* please explain your answer and right the formula , orgonize
it but not too sophisticated .
(7) George's Pizzeria has the following information as of December 31, 2012: cash, $2,000; pizza ovens, $25,000; furniture, $12,500; accounts payable, $3,500; notes payable, $12,500; accumulated depreciation, $10,000; wages payable, $1,500; taxes payable, $2,500; and equipment loan, $18,000. Construct a balance sheet for George. Do you think he has a problem with his current...
this subject is supposed to be Accounting for Entrepreneurship * please explain your answer and right...
this subject is supposed to be Accounting for
Entrepreneurship
* please explain your answer and right the formula , orgonize
it but not too sophisticated .
9 State your current cash balance if you have the following information: total cash receipts of $624,000; a cash balance at the end of last year of $60,000; total cash payments of $540,000; cash outflow from invest- ing activities of $100,000; and cash inflows from financial activities of $172,000. orter vd boeu at bidw...
this subject is supposed to be Accounting for Entrepreneurship * please explain your answer and right...
this subject is supposed to be Accounting for
Entrepreneurship
* please explain your answer and right the formula , orgonize
it but not too sophisticated .
8. State the stockholders' equity of the Alphabet Corporation if it has a current net profit of $1,500,000, beginning-of-the-period retained earn- ings of $3,675,000, 1 million shares of common stock issued at a par value of $1 per share, and paid-in capital in excess of par of $12.50 per share.
I need to help a couple with their finances for this assignment. I hace to prepare...
I need to help a couple with their finances for this
assignment. I hace to prepare a vertical analysis of their
statement of fiancial position and income and expense. Can anyone
please help me using these photos?
2 Statement of Income and Expenses $100,000 68.770 Total $3.500 Statement of income and Expenses Ryan and Turany Pierce Statement of Income and Expenses for Past Year (2019) and Expected (Approximate) For This Year (2020) Cash Inflows Ryan's Salary Tiffany's Salary ML Brokerage...
Calculate the current ratio based on the i information provided, please show all work Calculate the...
Calculate the current ratio based on the i information provided,
please show all work
Calculate the Month’s Living Expenses Covered Ratio based on the
information provided, please show all work
Calculate the Debt Ratio based on the information provided,
please show all work
Assets Liabilities Cash $ 500 $ 350 $ 1,200 $ 8,000 $- Checking Savings/CDs Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks $ 8,000 $ 500 $ 90 $ 2,290 $ 5,600 Current Bills...
Calculate the Debt Ratio based on the information below show all work for credit) $ 500...
Calculate the Debt Ratio based on the information below show all work for credit) $ 500 $ 1.200 $ 350 $ 8,000 $ 500 $ 90 $ 2.290 $5,600 S 9.000 $ 105,000 $ 100,000 $ 9,000 Assets Cash Checking Savings CD: Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks Bonds Life Insurance (cash-value) Cash Value of Annuities Investment Real Estate (REITE partnerships) Other investments Investments 401(k) and 403(b) Company Pension Keogh Liabilities Current Bills (unpaid balance)...
John Barton is both excited and amazed. Excited because on graduating from college one year ago...
John Barton is both excited and amazed. Excited because on graduating from college one year ago at age 22, he landed a good job with a commercial leasing firm and he is enjoying the work. His company has good benefits and has just given him a raise so that in his next (2nd) year of employment he will be earning $55,000 per year. He is amazed because even with this raise he feels that money is just as scarce as...
Balance Sheet Data Also prepare a balance sheet for them as of September 1, 2020 assuming...
Balance Sheet Data
Also prepare a balance sheet for them as of September 1, 2020
assuming the following information that Mary has gleaned from bank
and investment account statements, life insurance contracts, a
household inventory, and real estate documents. The biggest asset
they own is their home. They purchased the home a few years ago for
$225,000. The tax assessed value (used to calculate their property
taxes is $250,000. A very recent appraisal was done on the property
by an...
this subject is supposed to be Accounting for
Entrepreneurship
* please explain your answer and right the formula , orgonize
it but not too sophisticated .
(7) George's Pizzeria has the following information as of December 31, 2012: cash, $2,000; pizza ovens, $25,000; furniture, $12,500; accounts payable, $3,500; notes payable, $12,500; accumulated depreciation, $10,000; wages payable, $1,500; taxes payable, $2,500; and equipment loan, $18,000. Construct a balance sheet for George. Do you think he has a problem with his current...
this subject is supposed to be Accounting for
Entrepreneurship
* please explain your answer and right the formula , orgonize
it but not too sophisticated .
9 State your current cash balance if you have the following information: total cash receipts of $624,000; a cash balance at the end of last year of $60,000; total cash payments of $540,000; cash outflow from invest- ing activities of $100,000; and cash inflows from financial activities of $172,000. orter vd boeu at bidw...
this subject is supposed to be Accounting for
Entrepreneurship
* please explain your answer and right the formula , orgonize
it but not too sophisticated .
8. State the stockholders' equity of the Alphabet Corporation if it has a current net profit of $1,500,000, beginning-of-the-period retained earn- ings of $3,675,000, 1 million shares of common stock issued at a par value of $1 per share, and paid-in capital in excess of par of $12.50 per share.
I need to help a couple with their finances for this
assignment. I hace to prepare a vertical analysis of their
statement of fiancial position and income and expense. Can anyone
please help me using these photos?
2 Statement of Income and Expenses $100,000 68.770 Total $3.500 Statement of income and Expenses Ryan and Turany Pierce Statement of Income and Expenses for Past Year (2019) and Expected (Approximate) For This Year (2020) Cash Inflows Ryan's Salary Tiffany's Salary ML Brokerage...
Calculate the current ratio based on the i information provided,
please show all work
Calculate the Month’s Living Expenses Covered Ratio based on the
information provided, please show all work
Calculate the Debt Ratio based on the information provided,
please show all work
Assets Liabilities Cash $ 500 $ 350 $ 1,200 $ 8,000 $- Checking Savings/CDs Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks $ 8,000 $ 500 $ 90 $ 2,290 $ 5,600 Current Bills...
Calculate the Debt Ratio based on the information below show all work for credit) $ 500 $ 1.200 $ 350 $ 8,000 $ 500 $ 90 $ 2.290 $5,600 S 9.000 $ 105,000 $ 100,000 $ 9,000 Assets Cash Checking Savings CD: Money Market Funds Other Monetary Assets Monetary Assets Mutual Funds Stocks Bonds Life Insurance (cash-value) Cash Value of Annuities Investment Real Estate (REITE partnerships) Other investments Investments 401(k) and 403(b) Company Pension Keogh Liabilities Current Bills (unpaid balance)...
Balance Sheet Data
Also prepare a balance sheet for them as of September 1, 2020
assuming the following information that Mary has gleaned from bank
and investment account statements, life insurance contracts, a
household inventory, and real estate documents. The biggest asset
they own is their home. They purchased the home a few years ago for
$225,000. The tax assessed value (used to calculate their property
taxes is $250,000. A very recent appraisal was done on the property
by an...
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