Homework Answers
The entry for current year's operating expense is
operating exp/sales
= 61277/338488
= 18.1031%
The cash balance for current year
First we need to find out the net profit for the current year which we require to get cash balance.
Net Profit for current year = Sales-COGS-interest-taxes = 338488-174917-16416-19273=127882
So Cash balance is net of assets and liabilities which comes to a negative balance of 25904(-)
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Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115.200 122.400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 172,391.00 Depreciation expense 21,600 23,813.00 Interest expense 16,200 16,246.00 Inventories 111,600 115,200 Long-term debt 135,000 139,538.00 Net fixed assets 376,626.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 68,509.00 Retained earnings 122,400 136,800 Sales 255,600 335,355.00 Taxes 9,900 19,189.00 What is the current year's...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 179,367.00 Depreciation expense 21,600 23,675.00 Interest expense 16,200 16,116.00 Inventories 111,600 115,200 Long-term debt 135,000 138,740.00 Net fixed assets 379,763.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 63,067.00 Retained earnings 122,400 136,800 Sales 255,600 337,615.00 Taxes 9,900 18,586.00 What is the current year's...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16.200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16.200 13,500 Additional paid in capital 200.000 216,660 Cash 772 222 Common Stock @ par value 37.600 42.000 COGS 131 400 170.220.00 Depreciation expense 21.600 23,699.00 Interest expense 16,200 16.542.00 Inventories 111 600 115.200 Inventories 111,6001 15,200 Long-term debt 135,000 138,363.00 Net fixed assets 377,150.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 69.132.00 Retained earnings 122,400 136.800 Sales 55,600 337 44700 Taxes es...
Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000...
Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 178,442.00 Depreciation expense 21,600 23,886.00 Interest expense 16,200 16,553.00 Inventories 111,600 115,200 Long-term debt 135,000 138, 160.00 Net fixed assets 377,219.00 399,600 Notes payable 59,400 64,800 50,400 65,252.00 Operating expenses (excl. depr.) Retained earnings 122,400 136,800 Sales 255,600 339,952.00 Taxes 9,900 19,348.00 What is the current year's cash balance? Submit Answer...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 177,729.00 Depreciation expense 21,600 22,670.00 Interest expense 16,200 16,543.00 Inventories 111,600 115,200 Long-term debt 135,000 138,834.00 Net fixed assets 376,695.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 69,411.00 Retained earnings 122,400 136,800 Sales 255,600 335,338.00 Taxes 9,900 18,713.00 1. What is the entry...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 171,328.00 Depreciation expense 21,600 23,858.00 Interest expense 16,200 16,911.00 Inventories 111,600 115,200 Long-term debt 135,000 137,826.00 Net fixed assets 375,421.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 60,690.00 Retained earnings 122,400 136,800 Sales 255,600 337,713.00 Taxes 9,900 18,866.00 1. What is the firm's...
What is the current year's cash balance? please highlight answer 120 Category Prior year Current Accounts...
What is the current year's cash balance?
please highlight answer
120 Category Prior year Current Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 772 m Common Stock @ par value 37,600 42,000 COGS 131,400 178,070.00 Depreciation expense 21,600 22.787.00 interest expense 16,200 16,036.00 Inventories 111,600 115.200 Long-term debt 135,000 139,508.00 Net fixed assets 376,543.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 63.214.00 Retained earings 122,400 136.800 Sales...
What is the current year's cash balance? What is the current year's return on equity (ROE)?...
What is the current year's cash balance?
What is the current year's return on equity (ROE)?
What is the current year's entry for long term debt on a
common-sized balance sheet?
THIS IS ALL THE INFORMATION GIVEN
Category Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 777 772 Common Stock @ par value 37,600 42,000 COGS 131,400 178,243.00 Depreciation expense 21,600 22,453.00 Interest expense 16,200 16,617.00 Inventories 111,600 115.200 Long-term...
What is the current year's entry for long-term debt on a common-sized balance sheet? What is...
What is the current year's entry for long-term debt on a
common-sized balance sheet?
What is the current year's return on equity (ROE)?
Category Current Accounts payable 41.400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200.000 216,660 Cash 27 272 Common Stock @ par value 37,600 42,000 COGS 131.400 175,906.00 Depreciation expense 21,600 22,480.00 Interest expense 16,200 16.623.00 Inventories 111.600 115.200 Long-term debt 135,000 138.184.00 Net fixed assets 379,394.00 399,600 Notes payable 59,400 64.800 Operating...
Hello, I desperately need help with this accounting scenario, I cannot figure out. I am being...
Hello, I desperately need help with this accounting scenario, I
cannot figure out. I am being asked to find the current year's
return on assets (ROA). I keep getting the incorrect answer and it
tells me that the correct answer is 5.83%. Any help would be
greatly appreciated! Thank You!
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 777 ??? Common Stock @par value 37,600...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16.200 13,500 Additional paid in capital 200.000 216,660 Cash 772 222 Common Stock @ par value 37.600 42.000 COGS 131 400 170.220.00 Depreciation expense 21.600 23,699.00 Interest expense 16,200 16.542.00 Inventories 111 600 115.200 Inventories 111,6001 15,200 Long-term debt 135,000 138,363.00 Net fixed assets 377,150.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 69.132.00 Retained earnings 122,400 136.800 Sales 55,600 337 44700 Taxes es...
Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 178,442.00 Depreciation expense 21,600 23,886.00 Interest expense 16,200 16,553.00 Inventories 111,600 115,200 Long-term debt 135,000 138, 160.00 Net fixed assets 377,219.00 399,600 Notes payable 59,400 64,800 50,400 65,252.00 Operating expenses (excl. depr.) Retained earnings 122,400 136,800 Sales 255,600 339,952.00 Taxes 9,900 19,348.00 What is the current year's cash balance? Submit Answer...
What is the current year's cash balance?
please highlight answer
120 Category Prior year Current Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 772 m Common Stock @ par value 37,600 42,000 COGS 131,400 178,070.00 Depreciation expense 21,600 22.787.00 interest expense 16,200 16,036.00 Inventories 111,600 115.200 Long-term debt 135,000 139,508.00 Net fixed assets 376,543.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 63.214.00 Retained earings 122,400 136.800 Sales...
What is the current year's cash balance?
What is the current year's return on equity (ROE)?
What is the current year's entry for long term debt on a
common-sized balance sheet?
THIS IS ALL THE INFORMATION GIVEN
Category Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 777 772 Common Stock @ par value 37,600 42,000 COGS 131,400 178,243.00 Depreciation expense 21,600 22,453.00 Interest expense 16,200 16,617.00 Inventories 111,600 115.200 Long-term...
What is the current year's entry for long-term debt on a
common-sized balance sheet?
What is the current year's return on equity (ROE)?
Category Current Accounts payable 41.400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200.000 216,660 Cash 27 272 Common Stock @ par value 37,600 42,000 COGS 131.400 175,906.00 Depreciation expense 21,600 22,480.00 Interest expense 16,200 16.623.00 Inventories 111.600 115.200 Long-term debt 135,000 138.184.00 Net fixed assets 379,394.00 399,600 Notes payable 59,400 64.800 Operating...
Hello, I desperately need help with this accounting scenario, I
cannot figure out. I am being asked to find the current year's
return on assets (ROA). I keep getting the incorrect answer and it
tells me that the correct answer is 5.83%. Any help would be
greatly appreciated! Thank You!
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 777 ??? Common Stock @par value 37,600...
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