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Exercise 1. You are the manager of a no profit organization and you have to prepare...
1 Exercise 10-10 The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution...
1 Exercise 10-10 The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management The Foundation had the following preclosing trial balance at December 31, 2017, the end of Its fiscal year 10 polnts Credits 25,300 Debits Trial Balance-December 31, 2817 Accounts payable Accounts receivable (net) Accrued interest receivable Accumulated depreciation Cash $ 48,608 16,700 eBook 3,502, 288 117,408 27,188 2,492,e0e 846,e08 2,872,e08 Contributed services-unrestricted Contributions-unrestricted Contributions-temporarily restricted Contributions-permanently restricted Currer Ask pledges receivable (net)...
Preparation of not-for-profit journal entries and financial statements Youth Camps, Inc. is a not-for-profit organization that...
Preparation of not-for-profit journal entries and financial statements Youth Camps, Inc. is a not-for-profit organization that owns a number of summer camps for inner-city children. At the end of last year, the organization reported the following trial balance: DR CR Cash Investments Contributions receivable Property, plant and equipment, net Payables Long-term liabilities Net assets—without donor restrictions Net assets with donor restrictions $333,000 4,440,000 962,000 2,220,000 $740,000 1,480,000 2,960,000 2,775,000 $7,955,000 $7,955,000 The investments are allocated as follows: 40% are unrestricted,...
Top managers of Tarrant, Inc. have asked you to compare the company's profit performance and financial...
Top managers of Tarrant, Inc. have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant have given you the business's income statement, balance sheet, and industry data. Tarrant, Inc. Common-Size Income Statement Data Net sales Cost of sales Gross profit Operating expenses Operating income Other expenses Net income (loss) Tarrant, Inc. Industry Average $500,000 100.00% $355,000 57.30% $145,000 42.70% $120,000 29.40% $25,000 13.30% $7,500 2.50% $17.500 10.80% Tarrant, Inc....
(Government and Not-for-Profit Accounting: Concepts and Practices, Chapter 9, continuing problem) You can take a help...
(Government and Not-for-Profit Accounting: Concepts and Practices, Chapter 9, continuing problem) You can take a help from this book 1. Indicate the activities accounted for in both internal service funds and major enterprise funds. Comment on whether any of these activities could also have been accounted for in a general or other governmental fund. 2. How are the internal service fund activities reported in the government-wide statement of net position? How are they reported in the proprietary funds statement of...
using z-score model to predict corporate failure measures for a public listed company? 2-score prodel The...
using z-score model to predict corporate failure
measures for a public listed company?
2-score prodel The following are the summarized financial statements of ABC Ltd., which is facing financial difficulties Public listed Co Income statement for the year ended 31 December 2018: Sh."000", Tumover 1.209,000 Earings before interest and tax (EBIT) 84.000 Interest (39,000 Profit before tax 45,000 Less Tax (15,000) Profit after tax(PAT) 30,000 Dividends (33.000) Retained earnings (3.000) Statement of financial position as at 31 December 2018: Sh."000"...
1.Prepare Statement of Profit or Loss 2.Prepare Statement of Financial Position. Clearwater Enterprise is a mer...
1.Prepare Statement of Profit or Loss
2.Prepare Statement of Financial Position.
Clearwater Enterprise is a mer Enterprise is a merchandising company which has business operations in Ipoh, The following balances have been extracted from the books as at 31 December 2016. profic or Debit (RM) po 30,000 Credit (RM) Machinery Accumulated depreciation - machinery Income Balon 10,000 Land9800219 STUOTE 2 Building 3d9b Tab 102 zivo1 20 Simon 250,000 120.000 24,000 40,000 22,500 61,400 Accumulated depreciation - building Loan from Ah...
Wonderpapa Bhd Statement of Profit or Loss for the year ended 31 December 2016 RM RM...
Wonderpapa Bhd Statement of Profit or Loss for the year ended 31 December 2016 RM RM 7,000,000 (4.000.000 3,000,000 Turnover Cost of goods sold Gross Profit Less: Expenses Operating expenses Depreciation expenses Loss on sale of machinery Profit before taxation Taxation Net Profit after taxation 800,000 880,000 30,000 (1.710,000) 1,290,000 (300.000) 990,000 The following balances are reported on Wonderpapa Bhd's comparative Statement of Financial Position as at 31 December 2016 RM 2015 RM Non-current Assets Machinery Accumulated Depreciation 3,020,000 (1,647,000)...
2019 2018 Statement of financial position as at 31 December 2019 2019 2018 £000 £000 E000...
2019 2018 Statement of financial position as at 31 December 2019 2019 2018 £000 £000 E000 £000 Assets Property Plant and Equipment 13,073.00 12.570.50 (NBV) Investments 3,550.00 Current Assets Inventory 8,243.50 7.946.00 Receivables 6,173.50 4,052.00 Cash and cash equivalent 431.50 14,848.50 362.00 12.360.00 Total Assets 31.471.50 24.930..50 Equity and Liabilities Share Capital Share Premium Revaluation Reserve Retained Earnings Non Current Liabilities Current Liabilities Trade Payables and others Total Equity and liabilities 6,500.00 6,250.00 1,325.00 12.388.00 5,000.00 2,500.00 1,325.00 26,463.00 11,428.00...
full answer Question 5 (20 marks) The comparative Balance Sheets and the Income statement for the...
full answer
Question 5 (20 marks) The comparative Balance Sheets and the Income statement for the Marine Corporation are as follow: Marine Corporation Income Statement For the Year Ended December 31, 2019 Sales $ 4.500.000 Less: Cost of Goods Sold 3,200.000 Gross Profit 1.300.000 Less: Selling. General & Administrative Expenses 260.000 Operating profit 1.040.000 Less: Depreciation Expense 150.000 Earnings Before Interest and Taxes 890,000 Less: Interest Expense 90,000 Earnings Before Taxes 800,000 Less: Taxes (50%) 400,000 Net Income $ 400.000...
Ryle Exercise Equipment, Inc. reported the following financial statements for 2018: Prepare the company's statement of...
Ryle Exercise Equipment, Inc. reported the following financial
statements for 2018:
Prepare the company's statement of cash flows-indirect
method-for the year ended December 31, 2018. Assume investments are
purchased with cash.
Ryle Exercise Equipment, Inc. reported the following financial statements for Prepare the company's statement of cash flows-indirect method-for the 2018 EEB (Click the icon to view the income statement.) EB (Click the icon to view the comparative balance sheet) (Click the icon to view additional information.) year ended December...
1 Exercise 10-10 The Ombudsman Foundation is a private not-for-profit organization providing training in dispute resolution and conflict management The Foundation had the following preclosing trial balance at December 31, 2017, the end of Its fiscal year 10 polnts Credits 25,300 Debits Trial Balance-December 31, 2817 Accounts payable Accounts receivable (net) Accrued interest receivable Accumulated depreciation Cash $ 48,608 16,700 eBook 3,502, 288 117,408 27,188 2,492,e0e 846,e08 2,872,e08 Contributed services-unrestricted Contributions-unrestricted Contributions-temporarily restricted Contributions-permanently restricted Currer Ask pledges receivable (net)...
Preparation of not-for-profit journal entries and financial statements Youth Camps, Inc. is a not-for-profit organization that owns a number of summer camps for inner-city children. At the end of last year, the organization reported the following trial balance: DR CR Cash Investments Contributions receivable Property, plant and equipment, net Payables Long-term liabilities Net assets—without donor restrictions Net assets with donor restrictions $333,000 4,440,000 962,000 2,220,000 $740,000 1,480,000 2,960,000 2,775,000 $7,955,000 $7,955,000 The investments are allocated as follows: 40% are unrestricted,...
Top managers of Tarrant, Inc. have asked you to compare the company's profit performance and financial position with the average for the industry. The company's accountant have given you the business's income statement, balance sheet, and industry data. Tarrant, Inc. Common-Size Income Statement Data Net sales Cost of sales Gross profit Operating expenses Operating income Other expenses Net income (loss) Tarrant, Inc. Industry Average $500,000 100.00% $355,000 57.30% $145,000 42.70% $120,000 29.40% $25,000 13.30% $7,500 2.50% $17.500 10.80% Tarrant, Inc....
using z-score model to predict corporate failure
measures for a public listed company?
2-score prodel The following are the summarized financial statements of ABC Ltd., which is facing financial difficulties Public listed Co Income statement for the year ended 31 December 2018: Sh."000", Tumover 1.209,000 Earings before interest and tax (EBIT) 84.000 Interest (39,000 Profit before tax 45,000 Less Tax (15,000) Profit after tax(PAT) 30,000 Dividends (33.000) Retained earnings (3.000) Statement of financial position as at 31 December 2018: Sh."000"...
1.Prepare Statement of Profit or Loss
2.Prepare Statement of Financial Position.
Clearwater Enterprise is a mer Enterprise is a merchandising company which has business operations in Ipoh, The following balances have been extracted from the books as at 31 December 2016. profic or Debit (RM) po 30,000 Credit (RM) Machinery Accumulated depreciation - machinery Income Balon 10,000 Land9800219 STUOTE 2 Building 3d9b Tab 102 zivo1 20 Simon 250,000 120.000 24,000 40,000 22,500 61,400 Accumulated depreciation - building Loan from Ah...
Wonderpapa Bhd Statement of Profit or Loss for the year ended 31 December 2016 RM RM 7,000,000 (4.000.000 3,000,000 Turnover Cost of goods sold Gross Profit Less: Expenses Operating expenses Depreciation expenses Loss on sale of machinery Profit before taxation Taxation Net Profit after taxation 800,000 880,000 30,000 (1.710,000) 1,290,000 (300.000) 990,000 The following balances are reported on Wonderpapa Bhd's comparative Statement of Financial Position as at 31 December 2016 RM 2015 RM Non-current Assets Machinery Accumulated Depreciation 3,020,000 (1,647,000)...
2019 2018 Statement of financial position as at 31 December 2019 2019 2018 £000 £000 E000 £000 Assets Property Plant and Equipment 13,073.00 12.570.50 (NBV) Investments 3,550.00 Current Assets Inventory 8,243.50 7.946.00 Receivables 6,173.50 4,052.00 Cash and cash equivalent 431.50 14,848.50 362.00 12.360.00 Total Assets 31.471.50 24.930..50 Equity and Liabilities Share Capital Share Premium Revaluation Reserve Retained Earnings Non Current Liabilities Current Liabilities Trade Payables and others Total Equity and liabilities 6,500.00 6,250.00 1,325.00 12.388.00 5,000.00 2,500.00 1,325.00 26,463.00 11,428.00...
full answer
Question 5 (20 marks) The comparative Balance Sheets and the Income statement for the Marine Corporation are as follow: Marine Corporation Income Statement For the Year Ended December 31, 2019 Sales $ 4.500.000 Less: Cost of Goods Sold 3,200.000 Gross Profit 1.300.000 Less: Selling. General & Administrative Expenses 260.000 Operating profit 1.040.000 Less: Depreciation Expense 150.000 Earnings Before Interest and Taxes 890,000 Less: Interest Expense 90,000 Earnings Before Taxes 800,000 Less: Taxes (50%) 400,000 Net Income $ 400.000...
Ryle Exercise Equipment, Inc. reported the following financial
statements for 2018:
Prepare the company's statement of cash flows-indirect
method-for the year ended December 31, 2018. Assume investments are
purchased with cash.
Ryle Exercise Equipment, Inc. reported the following financial statements for Prepare the company's statement of cash flows-indirect method-for the 2018 EEB (Click the icon to view the income statement.) EB (Click the icon to view the comparative balance sheet) (Click the icon to view additional information.) year ended December...
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