Hello please advise, thank you.
I got correct answer for:
B. 2,700,000 C. 3,000,000 D. 398,000 E. 258,000 G. 42,000
I got wrong answers for:
A. 1,150,000 ( i think it should be N.P +LTD)
F. 98,000 I think it should be (CA-CL)
H. 155,000 ( i think its ( nowc - nwc)
a.Total Debt = Total Assets – Total Equity
= 2,700,000 – 1,550,000
= $1,150,000
b.Total liabilities and Equity is equal to total assets
= $2,700,000
c.Current Assets = Total Assets – Plant and Equipment
= 2,700,000-2,400,000
= 300,000
d.Current Liabilities = Total Liabilities – Long term debt
= 1,150,000 – 752,000
= $398,000
e.Accounts payables and accruals = current liabilities – notes payables
= 398,000 – 140,000
= $258,000
f.Working capital = Current Assets – Current Liabilities
= 300,000-398,000
= -98,000
Net operating working capital = current assets – Accounts payables and accruals
= 300,000 – 258,000
= 42,000
h.Difference = 42,000+98000
= 140,000
Difference indicates note payable balance
Hello please advise, thank you. I got correct answer for: B. 2,700,000 C. 3,000,000 D. 398,000...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $3 million and net plant and equipment equals $2.7 million. It has notes payable of $145,000, long-term debt of $752,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.7 million and net plant and equipment equals $2.4 million. It has notes payable of $150,000, long-term debt of $752,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $3 million and net plant and equipment equals $2.6 million. It has notes payable of $145,000, long-term debt of $754,000, and total common equity of $1.5 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.7 million and net plant and equipment equals $2.3 million. It has notes payable of $150,000, long-term debt of $749,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.6 million and net plant and equipment equals $2.2 million. It has notes payable of $145,000, long-term debt of $753,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its...
BALANCE SHEET The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.6 million and net plant and equipment equals $2.2 million. It has notes payable of $145,000, long-term debt of $750,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.6 million and net plant and equipment equals $2.3 million. It has notes payable of $140,000, long-term debt of $749,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has...
I need help with chapter 3 page 90 1a-h I have answered a-e
stuck on f g h can someone help with this
Problems Easy Problems BALANCE SHEET The assets of Dallas & Associates consist entirely of current a plant and equipment. The firm has total assets of $2.5 million 525 million and net plant and equip $2 million. It has notes payable of $150,000, long-term debt of $750,000, and total co of $1.5 million. The firm does have accounts...
Ch 03: End-of-Chapter Problems - Financial Statements, Cash Flow, and Taxes The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.6 million and net plant and equipment equals $2.3 million. It has notes payable of $160,000, long-term debt of $757,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm...
Please help.
Save Submit Assignment for Grading Problem 3.01 Question 1of8 Check My Work Click here to read the eBook: The Balance Sheet BALANCE SHEET The assets of Dallas & Assodiates consist entirely of current assets and net plant and equipment. The firm has total assets of $3 million and net plant and equipment equals $2.5 miltion. It has notes payable of $145,000, long-term debt of $751,000, and total common equity of $1.45 million. The firm does have accounts payable...