Homework Answers
The Answer is: $105,900
| Working Note: | ||||
| Book value of current assets = | ||||
| Cash | 10,500.00 | |||
| Sundry Debtors | 33,000.00 | |||
| Inventory | 62,400.00 | |||
| Total | 105,900.00 | |||
| Note: Inventory is valued at cost or market value whichever is less. | ||||
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Mahalo Tours currently has $10,500 in cash. The company owes $26,900 to suppliers for merchandise and...
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Kat Outfitting currently has $22.500 in cash. The company owes $49.500 to suppliers for merchandise and $52.500 to the bank for a long-term loan. Customers owe the company $41,000 for their purchases. The inventory has a book value of $76,800 and an estimated market value of $72,000. If the store compiled a balance sheet as of today, what would be the book value of the current assets? Multiple Choice O $144,000 O $86,000 $140,300 $135,500 TO O 0 $79.500
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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...
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...
Sent Need the answers for that whole question paper True or false questions (25) has any...
Sent
Need the answers for that whole question paper
True or false questions
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Kat Outfitting currently has $22.500 in cash. The company owes $49.500 to suppliers for merchandise and $52.500 to the bank for a long-term loan. Customers owe the company $41,000 for their purchases. The inventory has a book value of $76,800 and an estimated market value of $72,000. If the store compiled a balance sheet as of today, what would be the book value of the current assets? Multiple Choice O $144,000 O $86,000 $140,300 $135,500 TO O 0 $79.500
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...
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...
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