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? Problems Problem 1 Indicate the effects of the transactions listed below on each of the...
tio to the manager of a hotel? To 10. Of what value is the food sales/total...
tio to the manager of a hotel? To 10. Of what value is the food sales/total sales ratio to them creditor? Requir 1. the following: total current with "+" indicate with "0." Assume Problems Problem 1 Indicate the effects of the transactions listed below on each of the following assets, working capital (CA - CL), and current ratio. Indicate increase with decrease with "-" and indicate no effect or effect cannot be determined with "0. an initial current ratio of...
Indicate the effects of the transactions listed in the following table on total current assets, current...
Indicate the effects of the transactions listed in the following table on total current assets, current ratio, net income and cash flow. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0 Total Current Current Ratio Effect on Net Assets Impact on Cash Flow income 1) 2) 3) 4) 5) 6)...
For Impact on Cash Flow column， please fill in Financing，Operation or Investing Indicate the effects of...
For Impact on Cash Flow
column， please fill in Financing，Operation or Investing
Indicate the effects of the transactions listed in the following table on total current assets, current ratio, net income and cash flow. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0 Total Current Current Ratio Effect on Net...
Indicate below the net effects that each of the ten independent transactions will have on the...
Indicate below the net effects that each of the ten independent transactions will have on the following three ratios. Use the expressions: increase, decrease, or no effect. 1. Earnings per share ([Net income - Preferred dividends] / Average number of outstanding shares) 2. Current ratio (Current assets/Current liabilities) 3. Debt to equity ratio (Total liabilities/Total equities = liabilities plus shareholders equity) You should record your response on the schedule provided below. State any assumptions you feel are necessary. You are...
Question 1: Short answer 1. Indicate whether each of the actions listed below will immediately increase...
Question 1: Short answer 1. Indicate whether each of the actions listed below will immediately increase (1), decreas have no effect on the ratios shown. Assume each ratio is less than 10 before action is taken. 18 points] . Current Ratio = Current Assets / Current Liabilities Acid-test Ratio = Quick Assets / Current Liabilities Quick Assets = unrestricted cash + short-term investments + accounts receivable Action Current Ratio Acid-test Ratio A firm purchased inventory on account A firm received...
Problem 13-14A Effects of Transactions on Various Ratios [LO13-2] Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 71,000 Marketable s...
Problem 13-14A Effects of Transactions on Various Ratios [LO13-2] Denna Company’s working capital accounts at the beginning of the year follow: Cash $ 71,000 Marketable securities $ 22,000 Accounts receivable, net $ 352,400 Inventory $ 462,600 Prepaid expenses $ 8,700 Accounts payable $ 201,800 Notes due within one year $ 102,000 Accrued liabilities $ 60,900 During the year, Denna Company completed the following transactions: x. Paid a cash dividend previously declared, $31,000. a. Issued additional shares of common stock for...
Required ndicate the effect of each of the following transactions on (1) the current ratio, (2)...
Required ndicate the effect of each of the following transactions on (1) the current ratio, (2) working capital, (3) stockholders' equity. (4) book value per share of common stock, and (5) retained earnings. Assume that the current ratio is greater than 1:1. (Indicate the effect of each transactions by selecting"" for increase, "-" for decrease, and "NC" for no change.) a. Collected account receivable. b. Wrote off account receivable. c. Converted a short-term note payable to a long-term note payable....
Following the example shown in (a) below, indicate the effects of the listed transactions on assets,...
Following the example shown in (a) below, indicate the effects of
the listed transactions on assets, liabilities, and stockholders'
equity of John Dallmus, certified public accountant, a corporation:
Transaction Accounting effects a. Purchased, for cash, a desktop computer for use in the office ✓ b. Rendered accounting services and billed the client. Decrease assets, decrease liabilities Decrease assets, decrease stockholders' equity C. Paid utilities for the month. Increase assets, increase liabilities d. Rendered tax services to a client for cash....
CP 13 – 6 In the left‐hand column, a series of independent transactions is listed; in the right‐hand column, a series of ratios is listed. Effect on ratio No Transaction Ratio Increase Decrease change...
CP 13 – 6 In the left‐hand column, a series of independent
transactions is listed; in the right‐hand column, a series of
ratios is listed. Effect on ratio No Transaction Ratio Increase
Decrease change Wrote‐off an uncollectible account receivable
Accounts receivable collection period Issued 10‐year bonds to
acquire plant assets Return on total assets Declared a stock
dividend on common shares Earnings per share Paid a current
creditor in full Acid‐test ratio Required: For each transaction
indicate whether the ratio...
tio to the manager of a hotel? To 10. Of what value is the food sales/total sales ratio to them creditor? Requir 1. the following: total current with "+" indicate with "0." Assume Problems Problem 1 Indicate the effects of the transactions listed below on each of the following assets, working capital (CA - CL), and current ratio. Indicate increase with decrease with "-" and indicate no effect or effect cannot be determined with "0. an initial current ratio of...
Indicate the effects of the transactions listed in the following table on total current assets, current ratio, net income and cash flow. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0 Total Current Current Ratio Effect on Net Assets Impact on Cash Flow income 1) 2) 3) 4) 5) 6)...
For Impact on Cash Flow
column， please fill in Financing，Operation or Investing
Indicate the effects of the transactions listed in the following table on total current assets, current ratio, net income and cash flow. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0 Total Current Current Ratio Effect on Net...
Indicate below the net effects that each of the ten independent transactions will have on the following three ratios. Use the expressions: increase, decrease, or no effect. 1. Earnings per share ([Net income - Preferred dividends] / Average number of outstanding shares) 2. Current ratio (Current assets/Current liabilities) 3. Debt to equity ratio (Total liabilities/Total equities = liabilities plus shareholders equity) You should record your response on the schedule provided below. State any assumptions you feel are necessary. You are...
Question 1: Short answer 1. Indicate whether each of the actions listed below will immediately increase (1), decreas have no effect on the ratios shown. Assume each ratio is less than 10 before action is taken. 18 points] . Current Ratio = Current Assets / Current Liabilities Acid-test Ratio = Quick Assets / Current Liabilities Quick Assets = unrestricted cash + short-term investments + accounts receivable Action Current Ratio Acid-test Ratio A firm purchased inventory on account A firm received...
Required ndicate the effect of each of the following transactions on (1) the current ratio, (2) working capital, (3) stockholders' equity. (4) book value per share of common stock, and (5) retained earnings. Assume that the current ratio is greater than 1:1. (Indicate the effect of each transactions by selecting"" for increase, "-" for decrease, and "NC" for no change.) a. Collected account receivable. b. Wrote off account receivable. c. Converted a short-term note payable to a long-term note payable....
Following the example shown in (a) below, indicate the effects of
the listed transactions on assets, liabilities, and stockholders'
equity of John Dallmus, certified public accountant, a corporation:
Transaction Accounting effects a. Purchased, for cash, a desktop computer for use in the office ✓ b. Rendered accounting services and billed the client. Decrease assets, decrease liabilities Decrease assets, decrease stockholders' equity C. Paid utilities for the month. Increase assets, increase liabilities d. Rendered tax services to a client for cash....
CP 13 – 6 In the left‐hand column, a series of independent
transactions is listed; in the right‐hand column, a series of
ratios is listed. Effect on ratio No Transaction Ratio Increase
Decrease change Wrote‐off an uncollectible account receivable
Accounts receivable collection period Issued 10‐year bonds to
acquire plant assets Return on total assets Declared a stock
dividend on common shares Earnings per share Paid a current
creditor in full Acid‐test ratio Required: For each transaction
indicate whether the ratio...
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