Homework Answers
Average total financing (Liabilities plus equity) = $243,000
Explanation
The average total amount of liabilities plus equity can be derived from the balance sheet equation that is;
Total Assets = Equity + Liabilities
= $243,000
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Required information (The following information applies to the questions displayed below.) Kyzera manufactures, markets, and sells...
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Required information (The following information applies to the questions displayed below.) A company makes the payment...
Required information (The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $4,632 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for Balance Sheet Assets Liabilities Stockholders' Equity Income Statement Net Income Revenues Expenses Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year Insurance...
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Required information The following information applies to the questions displayed below.) Kirkland Theater sells season tickets for six events at a price of $60. For the 2019 season, 4,350 season tickets were sold. Required: 6.1. Use the horizontal model to show the effect of the sale of the season tickets, Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Answer is not complete. Balance Sheet Assets Liabilities Stockholders Equity Net Income...
Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,864 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income = Income Statement Revenues Expenses
Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,864 on March 1, 2019. b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Equity Net Income = Income Statement Revenues Expenses
! Required information [The following information applies to the questions displayed below.] CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: $2,760,000 $ $ Sales Net operating income Average operating assets 110,400 920,000 The following questions are to be considered independently. Required: 1. Compute the company's return on investment (ROI). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI) Required information [The following information applies to...
Required information [The following information applies to the questions displayed below.) CommercialServices.com Corporation provides business-to-business services on the Internet. Data concerning the most recent year appear below: Sales Net operating income Average operating assets $ $ 4,700,000 188,000 The following questions are to be considered independently. Required: 1. Compute the company's return on investment (ROI). (Do not round intermediate calculations. Round your answer to 2 decimal places.) Return on investment (ROI) Required information [The following information applies to the questions...
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! Required information (The following information applies to the questions displayed below.] Milea Inc. experienced the following events in Year 1, its first year of operations: 1. Received $12,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,000. 4. Collected $35,670 of the accounts receivable. 5. Recorded $8,750 of accrued salariés at the end of the year. 6. Paid a $1,350 cash dividend to the stockholders. Prepare the...
Required information (The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $4,632 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for Balance Sheet Assets Liabilities Stockholders' Equity Income Statement Net Income Revenues Expenses Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year Insurance...
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