#29 is the one I'm struggling the most with, explanations and answers would be helpful for the others but please #29
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#29 is the one I'm struggling the most with, explanations and
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Financial data for Tara's Construction Company are given below. All figures are in dollars. Use this...
Financial data for Tara's Construction Company are given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2018 and use your constructed statement to answer the following 5 questions fie, 11 through 15). NOTE: Not every item in the list below belongs sheet. However, other than what is listed and/or can be derived, there are no other accounts on Tara's balance sheet- use cash as a...
Can you confirm my answers, please? 11. What did Tara’s Construction Company record as Total Current...
Can you confirm my answers, please?
11. What did Tara’s Construction Company record as Total Current
Assets on December 31, 2018 balance sheet?
Answer: 1,676,100
12. What did Tara’s Construction Company record as Total Current
Liabilities on December 31, 2018 balance sheet?
Answer: 793,200
13. What did Tara’s Construction Company record as Total Assets
on December 31, 2018 balance sheet?
Answer: 6,605,900
14. What was Total Shareholder’s Equity on Tara’s Construction
Company’ December 31, 2018 balance sheet?
Answer: 3,223,100
15....
The December 31, 2019, balance sheet for Zachary Corporation is presented here. These are the only...
The December 31, 2019, balance sheet for Zachary Corporation is presented here. These are the only accounts on Zachary’s balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information: ZACHARY CORPORATION Balance Sheet As of December 31, 2019 Assets Cash $ 32,000 Accounts receivable (net) ? Inventory ? Property, plant, and equipment (net) 300,000 $ 450,000 Liabilities and Stockholders’ Equity Accounts payable (trade) $ ? Income taxes payable (current) 32,000 Long-term debt ? Common...
Need Help on these questions, Please. Thanks! USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE...
Need Help on these questions, Please. Thanks!
USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 60 Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 15,000 $200,000 20% 4 $10,000 15% 7.5% Average collection period (days) Accounts payable days Retained earnings (2018) Dividend payout ratio Accruals Current ratio Debt ratio 90 $23,700 80% $5,000 1.5 40% Note: Of total sales, 60...
? ? The December 31, 2019, balance sheet for Baird Corporation is presented here. These are...
? ? The December 31, 2019, balance sheet for Baird Corporation is presented here. These are the only accounts on Baird's balance sheet. Amounts Indicated by question marks (?) can be calculated using the following additional Information: BAIRD CORPORATION Balance Sheet As of December 31, 2019 Assets Cash $ 20,000 Accounts receivable (net) Inventory Property, plant, and equipment (net) 295,000 $442,eee Liabilities and Stockholders' Equity Accounts payable (trade) $ 2 Income taxes payable (current) 20,000 Long-term debt ? Connon stock...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries...
The payroll register for Gamble Company for the week ended April 29 indicated the following: Salaries $1,440,000 Social security tax withheld 86,400 Medicare tax withheld 21,600 Federal income tax withheld 288,000 In addition, state and federal unemployment taxes were calculated at the rate of 5.4% and 0.6%, respectively, on $244,000 of salaries. Required: A. Journalize the entry to record the payroll for the week of April 29.* B. Journalize the entry to record the payroll tax expense incurred for the...
The December 31, 2019, balance sheet for Jordan Corporation is presented here. These are the only...
The December 31, 2019, balance sheet for Jordan Corporation is presented here. These are the only accounts on Jordan's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information JORDAN CORPORATION Balance Sheet As of December 31, 2019 Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) 40,000 306,000 $444,000 Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) Long-term debt Common stock Retained earnings 40,000 312,000 Additional Information Current...
Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt...
Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long-term debt $463,100 $254,700 (134,300) (125,000) Less current portion Long-term debt $328,800 $129,700 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? b. How much did the total current...
Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt...
Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in millions): WN Long-term debt is composed of the following: December 31 Current Year Preceding Year Total Notes payable $742,000 (215,200) $408,100 (200,300) Less current portion Long-term debt $526,800 $207,800 a. How much of the notes payable was disclosed as a current liability on the current year's December 31 balance sheet? co. O b. How much...
how do i solve for these questions? KORBIN COMPANY Comparative Income Statements For Years Ended December...
how
do i solve for these questions?
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 475,329 $ 364,141 $ 252,700 Cost of goods sold 286,148 230,137 161,728 Gross profit 189,181 134,084 90,972 Selling expenses 67,497 50,251 33, 356 Administrative expenses 42,780 32,044 20,974 Total expenses 110,277 82,295 54,330 Income before taxes 78,984 51,709 36,642 Income tax expense 14,676 10,600 7,438 Net income $ 64,228 $ 41,109 $ 29, 204...
Financial data for Tara's Construction Company are given below. All figures are in dollars. Use this data to construct a Balance Sheet for the company for the year ending December 31, 2018 and use your constructed statement to answer the following 5 questions fie, 11 through 15). NOTE: Not every item in the list below belongs sheet. However, other than what is listed and/or can be derived, there are no other accounts on Tara's balance sheet- use cash as a...
Can you confirm my answers, please?
11. What did Tara’s Construction Company record as Total Current
Assets on December 31, 2018 balance sheet?
Answer: 1,676,100
12. What did Tara’s Construction Company record as Total Current
Liabilities on December 31, 2018 balance sheet?
Answer: 793,200
13. What did Tara’s Construction Company record as Total Assets
on December 31, 2018 balance sheet?
Answer: 6,605,900
14. What was Total Shareholder’s Equity on Tara’s Construction
Company’ December 31, 2018 balance sheet?
Answer: 3,223,100
15....
Need Help on these questions, Please. Thanks!
USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 60 Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 15,000 $200,000 20% 4 $10,000 15% 7.5% Average collection period (days) Accounts payable days Retained earnings (2018) Dividend payout ratio Accruals Current ratio Debt ratio 90 $23,700 80% $5,000 1.5 40% Note: Of total sales, 60...
? ? The December 31, 2019, balance sheet for Baird Corporation is presented here. These are the only accounts on Baird's balance sheet. Amounts Indicated by question marks (?) can be calculated using the following additional Information: BAIRD CORPORATION Balance Sheet As of December 31, 2019 Assets Cash $ 20,000 Accounts receivable (net) Inventory Property, plant, and equipment (net) 295,000 $442,eee Liabilities and Stockholders' Equity Accounts payable (trade) $ 2 Income taxes payable (current) 20,000 Long-term debt ? Connon stock...
The December 31, 2019, balance sheet for Jordan Corporation is presented here. These are the only accounts on Jordan's balance sheet. Amounts indicated by question marks (?) can be calculated using the following additional information JORDAN CORPORATION Balance Sheet As of December 31, 2019 Assets Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) 40,000 306,000 $444,000 Liabilities and Stockholders' Equity Accounts payable (trade) Income taxes payable (current) Long-term debt Common stock Retained earnings 40,000 312,000 Additional Information Current...
Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt consists of the following: December 31 Current Year Preceding Year Total long-term debt $463,100 $254,700 (134,300) (125,000) Less current portion Long-term debt $328,800 $129,700 a. How much of the long-term debt was disclosed as a current liability on the current year's December 31 balance sheet? b. How much did the total current...
Current Portion of Long-Term Debt Connie's Bistro, Inc. reported the following information about its long-term debt in the notes to a recent financial statement (in millions): WN Long-term debt is composed of the following: December 31 Current Year Preceding Year Total Notes payable $742,000 (215,200) $408,100 (200,300) Less current portion Long-term debt $526,800 $207,800 a. How much of the notes payable was disclosed as a current liability on the current year's December 31 balance sheet? co. O b. How much...
how
do i solve for these questions?
KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 475,329 $ 364,141 $ 252,700 Cost of goods sold 286,148 230,137 161,728 Gross profit 189,181 134,084 90,972 Selling expenses 67,497 50,251 33, 356 Administrative expenses 42,780 32,044 20,974 Total expenses 110,277 82,295 54,330 Income before taxes 78,984 51,709 36,642 Income tax expense 14,676 10,600 7,438 Net income $ 64,228 $ 41,109 $ 29, 204...
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