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Queston 260150 View Policies Current Attempt in Progress Bramble Corp, has current assets of $1750000 and...
Current Attempt in Progress Marigold Corp. has current assets of $1890000 and current liabilities of $600000....
Current Attempt in Progress Marigold Corp. has current assets of $1890000 and current liabilities of $600000. If they issue $167000 of new stock, what will their new current ratio be? (rounded) O 3.2:1 O 3.4:1 O 2.9:1 O 2.7:1 Current Attempt in Progress The total liabilities of Nash's Trading Post, LLC decreased by $75000 during the month of August 2022. Stockholders' equity increased by $25000 during this period. By what amount and in what direction must total assets have changed...
Question 3 of 7 > View Policies Current Attempt in Progress Bramble Corp. has the following...
Question 3 of 7 > View Policies Current Attempt in Progress Bramble Corp. has the following transactions during August of the current year. Aug. 1 Aug.4 Aug. 16 Aug. 27 Issues shares of common stock to investors in exchange for $10,700. Pays insurance in advance for 3 months. $1,860. Receives $830 from clients for services rendered. Pays the secretary $670 salary. Indicate the basic analysis and the debit-credit analysis, Indicate the basic analysis and the debit-credit analysis. Basic Analysis Debit-Credit...
Question 12 View Policies Current Attempt in Progress This information relates to Bramble Corp. for the...
Question 12 View Policies Current Attempt in Progress This information relates to Bramble Corp. for the year 2017. Retained earnings, January 1, 2017 $84,420 Advertising expense 2,268 Dividends 7,560 Rent expense 13,104 Service revenue 73,080 Utilities expense 3,024 Salaries and wages expense 37,800 Bramble Corp. Income Statement For the Year Ended December 31, 2017 e Textbook and Media After analyzing the data, prepare a retained earnings statement for the year ending December 31 Bramble Corp. Retained Earnings Statement / /...
Question 3 --/1 View Policies Current Attempt in Progress Garrett Boone, Bramble Enterprises' vice president of...
Question 3 --/1 View Policies Current Attempt in Progress Garrett Boone, Bramble Enterprises' vice president of operations, needs to replace an automatic lathe on the production line. The model he is considering has a sales price of $288,800 and will last for 7 years. It will have no salvage value at the end the new lathe will reduce raw materials scrap by $43,100 per year. He also believes the lathe will reduce energy costs by $23,000 per year. If he...
Shor Question 3 View Policies Current Attempt in Progress Bramble Corp. made a $26200 sale on account with the foll...
Shor Question 3 View Policies Current Attempt in Progress Bramble Corp. made a $26200 sale on account with the following terms: 3/10, 1/30. If the company uses the gross method to record sales made on credit what is are the debitis) in the journal entry to record the sale? Debit Accounts Receivable for $26200 and Sales Discounts for $786 Debit Accounts Receivable for $25414 Debit Accounts Receivable for $26200 Debit Accounts Receivable for $25414 and Sales Discounts for $786 Attempts:...
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of...
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $18000 and cost of goods sold was $53000, how much would Bramble report for cost of goods manufactured? $59000 $18000 $77000 $47000 Attempts: 0 of 1 used Submit Answer Save for Later
View Policies Current Attempt in Progress Hans Sheffield, president of Sheffield Corp., believes that it is...
View Policies Current Attempt in Progress Hans Sheffield, president of Sheffield Corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $650.000, and the corporation paid $130,000 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,500,000. Hans expects next year's net income to be about $750,000 What was Sheffield Corp's payout ratio last year? If it is...
View Policies Current Attempt in Progress Gwynn Incorporated had the following transactions involving current assets and...
View Policies Current Attempt in Progress Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 Collected accounts receivable of $14.200 7 Purchased equipment for $28,400 cash. 11 Paid $2,000 for a 1-year insurance policy 14 Paid accounts payable of $13,000. 18 Declared cash dividends, $5,600. Additional information: As of February 1, 2020. current assets were $129,480, and current liabilities were 549,800. 2 decimal places, eg. 1.67.) Compute the current ratio as of...
Question 16 View Policies Current Attempt in Progress Based on the following data, what is the...
Question 16 View Policies Current Attempt in Progress Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $61500 115000 68500 115000 127000 166500 214500 76000 58000 130000 1400 $259500 $229900 $260900 $387900
View Policies Current Attempt in Progress On January 1, 2017, Bramble Inc. purchased equipment for $44800....
View Policies Current Attempt in Progress On January 1, 2017, Bramble Inc. purchased equipment for $44800. The company is depreciating the equipment at the rate of $790 per month. At January 31, 2018, the balance in Accumulated Depreciation is $9480 $790. $10270 $34530 Save for Later Attempts: 0 of 1 used Submit Answer 103 Giv
Current Attempt in Progress Marigold Corp. has current assets of $1890000 and current liabilities of $600000. If they issue $167000 of new stock, what will their new current ratio be? (rounded) O 3.2:1 O 3.4:1 O 2.9:1 O 2.7:1 Current Attempt in Progress The total liabilities of Nash's Trading Post, LLC decreased by $75000 during the month of August 2022. Stockholders' equity increased by $25000 during this period. By what amount and in what direction must total assets have changed...
Question 3 of 7 > View Policies Current Attempt in Progress Bramble Corp. has the following transactions during August of the current year. Aug. 1 Aug.4 Aug. 16 Aug. 27 Issues shares of common stock to investors in exchange for $10,700. Pays insurance in advance for 3 months. $1,860. Receives $830 from clients for services rendered. Pays the secretary $670 salary. Indicate the basic analysis and the debit-credit analysis, Indicate the basic analysis and the debit-credit analysis. Basic Analysis Debit-Credit...
Question 12 View Policies Current Attempt in Progress This information relates to Bramble Corp. for the year 2017. Retained earnings, January 1, 2017 $84,420 Advertising expense 2,268 Dividends 7,560 Rent expense 13,104 Service revenue 73,080 Utilities expense 3,024 Salaries and wages expense 37,800 Bramble Corp. Income Statement For the Year Ended December 31, 2017 e Textbook and Media After analyzing the data, prepare a retained earnings statement for the year ending December 31 Bramble Corp. Retained Earnings Statement / /...
Question 3 --/1 View Policies Current Attempt in Progress Garrett Boone, Bramble Enterprises' vice president of operations, needs to replace an automatic lathe on the production line. The model he is considering has a sales price of $288,800 and will last for 7 years. It will have no salvage value at the end the new lathe will reduce raw materials scrap by $43,100 per year. He also believes the lathe will reduce energy costs by $23,000 per year. If he...
Shor Question 3 View Policies Current Attempt in Progress Bramble Corp. made a $26200 sale on account with the following terms: 3/10, 1/30. If the company uses the gross method to record sales made on credit what is are the debitis) in the journal entry to record the sale? Debit Accounts Receivable for $26200 and Sales Discounts for $786 Debit Accounts Receivable for $25414 Debit Accounts Receivable for $26200 Debit Accounts Receivable for $25414 and Sales Discounts for $786 Attempts:...
View Policies Current Attempt in Progress Bramble Corp.has $24000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $18000 and cost of goods sold was $53000, how much would Bramble report for cost of goods manufactured? $59000 $18000 $77000 $47000 Attempts: 0 of 1 used Submit Answer Save for Later
View Policies Current Attempt in Progress Hans Sheffield, president of Sheffield Corp., believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $650.000, and the corporation paid $130,000 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,500,000. Hans expects next year's net income to be about $750,000 What was Sheffield Corp's payout ratio last year? If it is...
View Policies Current Attempt in Progress Gwynn Incorporated had the following transactions involving current assets and current liabilities during February 2020. Feb. 3 Collected accounts receivable of $14.200 7 Purchased equipment for $28,400 cash. 11 Paid $2,000 for a 1-year insurance policy 14 Paid accounts payable of $13,000. 18 Declared cash dividends, $5,600. Additional information: As of February 1, 2020. current assets were $129,480, and current liabilities were 549,800. 2 decimal places, eg. 1.67.) Compute the current ratio as of...
Question 16 View Policies Current Attempt in Progress Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $61500 115000 68500 115000 127000 166500 214500 76000 58000 130000 1400 $259500 $229900 $260900 $387900
View Policies Current Attempt in Progress On January 1, 2017, Bramble Inc. purchased equipment for $44800. The company is depreciating the equipment at the rate of $790 per month. At January 31, 2018, the balance in Accumulated Depreciation is $9480 $790. $10270 $34530 Save for Later Attempts: 0 of 1 used Submit Answer 103 Giv
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