Homework Answers
| Amount | |
| PBIT | 82,376 |
| Depreciation | 18,134 |
| Gross CF from Operation | 100,510 |
| Receivables | (38,740) |
| WIP | (22,810) |
| Payables | 37,616 |
| Other CL | (4,132) |
| Taxation(payment)(19539+1363-9284) | (11,618) |
| Operating cash flow | 60,826 |
| Fixed Asset(63036-18134-54397) | (9,495) |
| Dividends(owners' withdrawals) (116200+73031-109065) | (80,166) |
| Investing Cash flow | (89,661) |
| Short term loan | 5,399 |
| Equipment Loan | (8,665) |
| Interest | (7,982) |
| Financing Cash flow | (11,248) |
| Cash flow | (40,083) |
| Cash at beg. | 70,682 |
| Cash at end | 30,599 |
| *If you face any difficulty please let me know in the comment section. Please give your valuable feedback. | |
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Majan Computer Company LLC Balance Sheet Income Statement Assets 2019 2020 P Liabilities 2019 2020 P...
Consider the following company's balance sheet and income statement. Balance Sheet Liabilities and Equity Assets Cash...
Consider the following company's balance sheet and income statement. Balance Sheet Liabilities and Equity Assets Cash Accounts receivable Inventory Total current assets Fixed assets $ 12,000 Accounts payable 67,000 Notes payable $ 38,000 20,000 48,000 127,000 Total current liabilities 58,000 20,000 125,000 $203,000 76,000 Long-term debt Equity $203,000 Total liabilities and equity Total assets Income Statement Sales (all on credit) Cost of goods sold Gross margin Selling and administrative expenses Depreciation EBIT Interest expense Earnings before tax Taxes Net income...
MC TRAVEL INC. Balance Sheet December 31, $ Restated 2020 Restated 2019 Change ASSETS-Current assets Cash...
MC TRAVEL INC. Balance Sheet December 31, $ Restated 2020 Restated 2019 Change ASSETS-Current assets Cash Temporary investments Accounts receivable Allowance for doubtful accounts Total current assets 7,600,000 2,006,000 5,000,000 -200,000 14,406,000 5,040,000 1,900,000 3,700,000 -100,500 10,539,500 2,560,000 106,000 1,300,000 -99,500 3,866,500 Capital assets Land Building and equipment Accumulated depreciation Total capital assets 40,250,000 40,270,000 -5,175,000 75,345,000 15,250,000 40,072,000 -3,450,000 51,872,000 25,000,000 198,000 -1,725,000 23,473,000 Total assets 89,751,000 62,411,500 27,339,500 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Interest payable Income taxes...
i'm analyzing the balance sheet of a bank to try and identify current assets and liabilities,...
i'm analyzing the balance sheet of a bank to try and identify current assets and liabilities, but i am very unfamiliar with some of these accounts for banks, and the more research i do, the more confused i am. please help me identify which ones are current assets / liabilities here are the assets i am working with: Cash and due from banks Deposits with banks Federal funds sold and securities purchased under resale agreements Securities borrowed Trading assets Investment...
1. Construct an accrual basis Income Statement BALANCE SHEET Beginning Ending CASH FLOW Cash 225000 320000...
1. Construct an accrual basis
Income Statement
BALANCE SHEET Beginning Ending CASH FLOW Cash 225000 320000 Cash Operating Income 1525000 Accounts Receivable 180000 360000 Borrow on Oper. Loan 200000 Inventories 255000 880000 155000 Supplies 280000 Total Cash Receipts 1725000 Total Current Assets 940000 1715000 Cash Operating Expenses 1369120 46880 Interest Payments Family Living Withdrawals Machinery 880000 1030000 64000 Less: Acc. Depr. -175000 -300000 Payments on Oper. Loan Capital Purchases 150000 Real Estate 980000 980000 Total Assets 2625000 3425000 Total Cash...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $ 27,567 Costs 17,569 Depreciation 1,402 Earnings before interest and taxes (EBIT) $ 8,596 Interest expense 517 Pretax income 8,079 Taxes 2,827.65 Net income $5,251.35 2016 2015 3,403 367 3,143 3,510 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
The current assets and current liabilities sections of the balance sheet of Buffalo Company appear as...
The current assets and current liabilities sections of the balance sheet of Buffalo Company appear as follows. BUFFALO COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2020 Cash $50,000 Accounts payable $ 57,390 Accounts receivable $92,000 Notes payable 71.770 Less: Allowance for doubtful accounts 7.220 84,780 $129,160 Inventory 160,190 Prepaid expenses 8,170 $303,140 The following errors in the corporation's accounting have been discovered: 1. January 2021 cash disbursements entered as of December 2020 included payments of accounts payable in the amount of...
Net income is $522,000 Please create a statement of cash flow 2020 2019 Assets Current Assets...
Net income is $522,000
Please create a statement of cash flow
2020 2019 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses 285,000 334,000 306,000 55,000 980,000 305,000 384,000 256,000 35,000 980,000 Total current assets $ $ Fixed (Long-Term) Assets Property, plant, and equipment (Less accumulated depreciation) Total fixed assets $ $ 650,000 (165,000) 485,000 1,465,000 $ $ 590,000 (130,000) 460,000 1,440,000 Total Assets 60,000 15,000 50,000 55,000 180,000 50,000 20,000 25,000 45,000 140,000 $ Liabilities and Owner's Equity Current...
Balance Sheet Assets &nbs
Balance Sheet Assets 2018 2017 Cash and Cash Equivalents 40000 30000 Short term Investments 4500 8500 Accounts Receivable 166000 190000 Inventories 80000 70000 Total current assets 290500 298500 Net Fixed Assets 115000 90000 Total Assets 405500 388500 Liabilities and Equity 2018 2017 Accounts Payable 17000 14500 Accruals 18500 14000 Notes Payable 11000 4000 Total Current Liabilities 46500 32500 Long term debt 133000 186950 Total Liabilities 179500 219450 Common Stock 146000 130000 Retained Earnings 80000 39050 Total Common Equity 226000 169050...
2020 LLC Balance Sheet 31 Assets Debit Credit Current Assets Cash 5,130.00 Accounts Receivable 3,300.00 Total...
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The current assets and current liabilities sections of the balance sheet of Sheffield Company appear as...
The current assets and current liabilities sections of the
balance sheet of Sheffield Company appear as follows.
The current assets and current liabilities sections of the balance sheet of Shetfield Company appear as fcllows. LD COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 Cash 43,100 Accounts payable 63,430 Accounts receivable $91,400 Nates payable Less: Allowance for doubtful accounts 9,290 3,110 155,030 9,460 5300,700 $126,940 Prepaid expenses The following errors in tha corporation's accounting have been discovered: 1. January 2018 cash disbursements...
Consider the following company's balance sheet and income statement. Balance Sheet Liabilities and Equity Assets Cash Accounts receivable Inventory Total current assets Fixed assets $ 12,000 Accounts payable 67,000 Notes payable $ 38,000 20,000 48,000 127,000 Total current liabilities 58,000 20,000 125,000 $203,000 76,000 Long-term debt Equity $203,000 Total liabilities and equity Total assets Income Statement Sales (all on credit) Cost of goods sold Gross margin Selling and administrative expenses Depreciation EBIT Interest expense Earnings before tax Taxes Net income...
MC TRAVEL INC. Balance Sheet December 31, $ Restated 2020 Restated 2019 Change ASSETS-Current assets Cash Temporary investments Accounts receivable Allowance for doubtful accounts Total current assets 7,600,000 2,006,000 5,000,000 -200,000 14,406,000 5,040,000 1,900,000 3,700,000 -100,500 10,539,500 2,560,000 106,000 1,300,000 -99,500 3,866,500 Capital assets Land Building and equipment Accumulated depreciation Total capital assets 40,250,000 40,270,000 -5,175,000 75,345,000 15,250,000 40,072,000 -3,450,000 51,872,000 25,000,000 198,000 -1,725,000 23,473,000 Total assets 89,751,000 62,411,500 27,339,500 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts payable Interest payable Income taxes...
1. Construct an accrual basis
Income Statement
BALANCE SHEET Beginning Ending CASH FLOW Cash 225000 320000 Cash Operating Income 1525000 Accounts Receivable 180000 360000 Borrow on Oper. Loan 200000 Inventories 255000 880000 155000 Supplies 280000 Total Cash Receipts 1725000 Total Current Assets 940000 1715000 Cash Operating Expenses 1369120 46880 Interest Payments Family Living Withdrawals Machinery 880000 1030000 64000 Less: Acc. Depr. -175000 -300000 Payments on Oper. Loan Capital Purchases 150000 Real Estate 980000 980000 Total Assets 2625000 3425000 Total Cash...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP., 2016 (Figures in $ millions) Net sales $ 27,567 Costs 17,569 Depreciation 1,402 Earnings before interest and taxes (EBIT) $ 8,596 Interest expense 517 Pretax income 8,079 Taxes 2,827.65 Net income $5,251.35 2016 2015 3,403 367 3,143 3,510 BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2016 2015 Liabilities and Shareholders' Equity Current liabilities...
The current assets and current liabilities sections of the balance sheet of Buffalo Company appear as follows. BUFFALO COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2020 Cash $50,000 Accounts payable $ 57,390 Accounts receivable $92,000 Notes payable 71.770 Less: Allowance for doubtful accounts 7.220 84,780 $129,160 Inventory 160,190 Prepaid expenses 8,170 $303,140 The following errors in the corporation's accounting have been discovered: 1. January 2021 cash disbursements entered as of December 2020 included payments of accounts payable in the amount of...
Net income is $522,000
Please create a statement of cash flow
2020 2019 Assets Current Assets Cash Accounts receivable Inventory Prepaid expenses 285,000 334,000 306,000 55,000 980,000 305,000 384,000 256,000 35,000 980,000 Total current assets $ $ Fixed (Long-Term) Assets Property, plant, and equipment (Less accumulated depreciation) Total fixed assets $ $ 650,000 (165,000) 485,000 1,465,000 $ $ 590,000 (130,000) 460,000 1,440,000 Total Assets 60,000 15,000 50,000 55,000 180,000 50,000 20,000 25,000 45,000 140,000 $ Liabilities and Owner's Equity Current...
The current assets and current liabilities sections of the
balance sheet of Sheffield Company appear as follows.
The current assets and current liabilities sections of the balance sheet of Shetfield Company appear as fcllows. LD COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2017 Cash 43,100 Accounts payable 63,430 Accounts receivable $91,400 Nates payable Less: Allowance for doubtful accounts 9,290 3,110 155,030 9,460 5300,700 $126,940 Prepaid expenses The following errors in tha corporation's accounting have been discovered: 1. January 2018 cash disbursements...
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