ACCOUNTING (HELP I HAVE BEEN TRYING TO GET THE ANSWER BUT I CANT GET IT RIGHT)
The transactions of Collar Company for the year ended December 31,
2016 Included the following:
Purchase of real estate for cash (cash was borrowed from
a bank) 5,500,000
Sale of investment securities for cash 5,000,000
Dividend paid 6,000,000
Issuance of common stock for cash 2,500,000
Purchase of patent for cash 1,250,000
Payment of bank loan 1,500,000
Increase in customers’ deposit 200,000
Issuance of bonds for cash 3,000,000
Using the information from number 18 above, how much was the net cash
used in investing activities?
A. 6,750,000 C. 1,750,000
B. 3,750,000 D . 500,000
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ACCOUNTING (HELP I HAVE BEEN TRYING TO GET THE ANSWER BUT I CANT GET IT RIGHT)
ACCOUNTING
The transactions of Collar Company for the year ended December 31, 2016 Included the following: Purchase of real estate for cash (cash was borrowed from a bank) 5,500,000 Sale of investment securities for cash 5,000,000 Dividend paid 6,000,000 Issuance of common stock for cash 2,500,000 Purchase of patent for cash 1,250,000 Payment of bank loan 1,500,000 Increase in customers’ deposit 200,000 Issuance of bonds for cash 3,000,000 In Collar’s net cash provided by financing activities was: A. 5,000,000 C....
Accountancy
The following trial balance was extracted from the books of G & E Production Company Ltd on 31 December 2018 and presented to you the Financial Accountant:Trial BalanceDetails/AccountsDr $Cr $Purchases of direct raw materials24,200,000Stock of direct raw materials 1 January 20185,500,000Wages paid to manufacture goods12,000,000Insurance2,000,000Electricity1,450,000Cash at bank28,000,000Accounts payable3,500,000Discounts450,000500,000Return of direct raw materials200,000Cash in hand600,000Work-in-progress 1 January 20183,000,000Salaries3,500,000Returns inward of finished goods300,000Carriage inwards of direct raw materials1,000,000Indirect raw materials 1 January 20182,500,000Accounts receivable7,500,000Provision for bad and doubtful debts75,000Machinery10,000,000Accumulated depreciation machinery4,000,000Office furniture2,000,000Purchase...
The following trial balance was extracted from the books of G & E Production Company Ltd...
The following trial balance was extracted from the books of G & E Production Company Ltd on 31 December 2018 and presented to you the Financial Accountant: Trial Balance Details/Accounts Dr $ Cr $ Purchases of direct raw materials 24,200,000 Stock of direct raw materials 1 January 2018 5,500,000 Wages paid to manufacture goods 12,000,000 Insurance 2,000,000 Electricity 1,450,000 Cash at bank 28,000,000 Accounts payable 3,500,000 Discounts 450,000 500,000 Return of direct raw materials 200,000 Cash in hand 600,000 Work-in-progress...
The following trial balance was extracted from the books of G & E Production Company Ltd...
The following trial balance was extracted from the books of G & E Production Company Ltd on 31 December 2018 and presented to you the Financial Accountant: Trial Balance Details/Accounts Dr $ Cr $ Purchases of direct raw materials 24,200,000 Stock of direct raw materials 1 January 2018 5,500,000 Wages paid to manufacture goods 12,000,000 Insurance 2,000,000 Electricity 1,450,000 Cash at bank 28,000,000 Accounts payable 3,500,000 Discounts 450,000 500,000 Return of direct raw materials 200,000 Cash in hand 600,000 Work-in-progress...
You have been recently assigned as the new owner representative and asset manager at Capital Hotel...
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Capital Hotel Investments’ CFO asked you to work with the Hilton’s
property management to identify why the hotel’s cash position
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in 2016.
The property director of finance...
The following trial balance was extracted from the books of G & E Production Company Ltd...
The following trial balance was extracted from the books of G & E Production Company Ltd on 31 December 2018 and presented to you the Financial Accountant: Trial Balance Details/Accounts Dr $ Cr $ Purchases of direct raw materials 24,200,000 Stock of direct raw materials 1 January 2018 5,500,000 Wages paid to manufacture goods 12,000,000 Insurance 2,000,000 Electricity 1,450,000 Cash at bank 28,000,000 Accounts payable 3,500,000 Discounts 450,000 500,000 Return of direct raw materials 200,000 Cash in hand 600,000 Work-in-progress...
PLEASE COMPLETE THE ANSWER SAT 1.1 SAT 1.2 SAT 1.3 SAT 1.4 RBB RETAILING CORPORATION Statement...
PLEASE COMPLETE THE ANSWER
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses is the depreciation of the following account titles: a. Building - P80,000...
SAT 1.1 SAT 1.2 SAT 1.3 SAT 1.4 SAT 1.5 SAT 1.6 SAT 1.7 SAT 1.8...
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
SAT 1.5
SAT
1.6
SAT 1.7
SAT 1.8
SAT 1.9
SAT 1.10
I need complete answer
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses...
You have been engaged as a consultant to design a master budget model and then to...
You have been engaged as a consultant to design a master budget model and then to assist Helping Hand Corp. in making some management decisions based on that master budget. Helping Hand is a small, rapidly growing wholesaler of consumer electronic products. The company's main product lines are small kitchen appliances and power tools. The marketing manager has recently completed a sales forecast. She believes the company's sales will increase by 2 percent each month over the previous month's sales...
Please pleeease help me. I have been struggling for 3 days to find the answer. I...
Please pleeease help me. I have been struggling for 3 days to find the answer. I NEED ANSWER FOR Budgeted Manufacturing Cost per Unit account and Budgeted Income statement and balance sheet. Please show calculations if possible. Thank you Current assets as of December 31 (prior year): Cash $4,650.00, Accounts receivable, net $57,600.00, Inventory $15,600.00; Property, plant, and equipment, net $121,500.00; Accounts payable $42,800.00; Capital stock $124,500.00; Retained earnings $22,800.00 A: Actual Sales in December were$72,000. Selling price...
You have been recently assigned as the new owner representative
and asset manager at Capital Hotel Investments, Inc and will
oversee 12 hotel properties including the Hilton Garden Inn of
Tysons, VA.
Following a poor operational 2016 at the Hilton hotel at Tysons,
Capital Hotel Investments’ CFO asked you to work with the Hilton’s
property management to identify why the hotel’s cash position
remains the same despite the realizing $300,000 gain on investments
in 2016.
The property director of finance...
PLEASE COMPLETE THE ANSWER
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses is the depreciation of the following account titles: a. Building - P80,000...
SAT 1.1
SAT 1.2
SAT 1.3
SAT 1.4
SAT 1.5
SAT
1.6
SAT 1.7
SAT 1.8
SAT 1.9
SAT 1.10
I need complete answer
RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses...
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