Homework Answers
East Northland has forgiven the debt it was owed by South Westland. This would be reflected in the capital account. In Balance of Payment, Capital Account includes the both inflow and outflow of funds of an eonomy with rest of the world. It includes capital transfers along with some non-financial transactions such as debt-forgiveness, gifts,patents, loyalties, copy-right,international transfer of ownership etc. So the correct option is option one i.e Capital account as debt forgiveness is included within capital account.
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East Northland has forgiven the debt it was owed by South Westland. This would be reflected...
The Maxim Corporation reported the following operating results for its three divisions: South, West, and East....
The Maxim Corporation reported the following operating results for its three divisions: South, West, and East. Sales After-tax income Divisional assets South Division West Division $380,000 $1,700,000 $ 20,000 $ 50,000 $200,000 $ 625,000 East Division $2,000,000 $ 100,000 $ 800,000 Which division has the highest profit margin? Multiple Choice South West. 1 ) Fast < Prev 17 of 34 Next >
The Maxim Corporation reported the following operating results for its three divisions: South West, and East....
The Maxim Corporation reported the following operating results for its three divisions: South West, and East. Sales After-tax income Divisional assets South Division West Division $400,000 $1,900,000 $ 40,000 $ 72,500 $320,000 $ 725,000 East Division $2,200,000 $ 140,000 $1,000,000 Which division has the largest asset turnover? Multiple Choice 0 0 < Prey 21 of 34 !! Next >
What is the correct answer? The O'Hara Group is owed $1,000,000 by Hilton Enterprises under an...
What is the correct answer?
The O'Hara Group is owed $1,000,000 by Hilton Enterprises under an 8% note with three years remaining to maturity. The prior year of interest was unpaid. O'Hara agrees to restructure the note under terms that yield a present value of $880,000. The journal entry that O'Hara would make to record this transaction would include a loss on troubled debt restructuring as bad debt expense in the amount of: Multiple Choice O $220,000 O O $80,000...
Lola Corp, has shareholders' equity of $128,600. The company has a total debt of $120.950, of...
Lola Corp, has shareholders' equity of $128,600. The company has a total debt of $120.950, of which 55 percent is payable in the next 12 months. The company also has net fixed assets of $174,320. What is the company's networking capital? Multiple Choice Ο Ο Ο Ο Ο 83370 Hoodoo Voodoo Co. has total assets of $64,650, net working capital of $19,525, owners' equity of $31,665, and long term debt of $22.235. What is the company's current assets? Multiple Choice...
Okoboji Company manufactures wooden canoes, and has four operating divisions: East, West, North, and South. Each...
Okoboji Company manufactures wooden canoes, and has four operating divisions: East, West, North, and South. Each division manufactures a unique model of canoe. During the first quarter of 2017, total net operating income was $70,000. A breakdown by division was as follows: East West North South Sales $ 550,000 $750,000 $950,000 $450,000 COGS 460,000 480,000 575,000 400,000 S & A expenses 120,000 220,000 250,000 125,000 Net Op. Income $ ( 30,000) $ 50,000 $125,000 $ (75,000) An...
The Livewright Medical Supplies Company has a total of 12 salespeople it wants to assign to three regions—the South, the East, and the Midwest. A salesperson in the South earns $600 in...
The Livewright Medical Supplies Company has a total of 12 salespeople it wants to assign to three regions—the South, the East, and the Midwest. A salesperson in the South earns $600 in profit per month for the company, a salesperson in the East earns $540, and a salesperson in the Midwest earns $375. The southern region can have a maximum assignment of 5 salespeople. The company has a total of $16,500 per month available for expenses for all 12 salespeople....
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) Multiple Choice O O 84% 68% O a None of the items A firm's long-term assets = $60,000, total assets = $210,000, inventory $25,000 and current liabilities $40,000. What are the firm's current ratio and quick ratio? Round your answer to 1 decimal place.) Multiple Choice Current ratio-88, quick ratio - 1...
The Accounts Payable account has a $3.300 credit balance. An entry for the payment of $1,150...
The Accounts Payable account has a $3.300 credit balance. An entry for the payment of $1,150 on the amount owed is recorded and posted The new balance of the Accounts Payable account is Multiple Choice O 52,150 credit belance O o 254450 dobit balance O 52550 debt belance O 54.453 cred belence < Prev 7 of 9
angley has a debt ratio of 0.3 and its competitor, Appleton, has a debt ratio equal...
angley has a debt ratio of 0.3 and its competitor, Appleton, has a debt ratio equal to 0.7. Determine the statement below that is correct. Multiple Choice Higher financial leverage involves lower risk. Appleton’s financial leverage is less than Langley’s financial leverage. Appleton’s financial leverage is greater than Langley’s financial leverage. Appleton finances a smaller percentage of its assets with liabilities as compared to Langley. Langley has a higher risk from its financial leverage.
The Maurer Company has a long-term debt ratio of 60 and a current ratio of 1.30....
The Maurer Company has a long-term debt ratio of 60 and a current ratio of 1.30. Current liabilities are $910, sales are $5,110, profit margin is 9.40 percent, and ROE is 17.00 percent. What is the amount of the firm's net fixed assets? Multiple Choice o $4,238.29 o $3,531.91 o $6,790.82 o $7,973.82 o $5,148.29
The Maxim Corporation reported the following operating results for its three divisions: South, West, and East. Sales After-tax income Divisional assets South Division West Division $380,000 $1,700,000 $ 20,000 $ 50,000 $200,000 $ 625,000 East Division $2,000,000 $ 100,000 $ 800,000 Which division has the highest profit margin? Multiple Choice South West. 1 ) Fast < Prev 17 of 34 Next >
The Maxim Corporation reported the following operating results for its three divisions: South West, and East. Sales After-tax income Divisional assets South Division West Division $400,000 $1,900,000 $ 40,000 $ 72,500 $320,000 $ 725,000 East Division $2,200,000 $ 140,000 $1,000,000 Which division has the largest asset turnover? Multiple Choice 0 0 < Prey 21 of 34 !! Next >
What is the correct answer?
The O'Hara Group is owed $1,000,000 by Hilton Enterprises under an 8% note with three years remaining to maturity. The prior year of interest was unpaid. O'Hara agrees to restructure the note under terms that yield a present value of $880,000. The journal entry that O'Hara would make to record this transaction would include a loss on troubled debt restructuring as bad debt expense in the amount of: Multiple Choice O $220,000 O O $80,000...
Lola Corp, has shareholders' equity of $128,600. The company has a total debt of $120.950, of which 55 percent is payable in the next 12 months. The company also has net fixed assets of $174,320. What is the company's networking capital? Multiple Choice Ο Ο Ο Ο Ο 83370 Hoodoo Voodoo Co. has total assets of $64,650, net working capital of $19,525, owners' equity of $31,665, and long term debt of $22.235. What is the company's current assets? Multiple Choice...
A firm has total assets of $1.930,000 and stockholders equity is $612,000. What is the debt to total asset ratio? (Round your answer to the nearest whole percent.) Multiple Choice O O 84% 68% O a None of the items A firm's long-term assets = $60,000, total assets = $210,000, inventory $25,000 and current liabilities $40,000. What are the firm's current ratio and quick ratio? Round your answer to 1 decimal place.) Multiple Choice Current ratio-88, quick ratio - 1...
The Accounts Payable account has a $3.300 credit balance. An entry for the payment of $1,150 on the amount owed is recorded and posted The new balance of the Accounts Payable account is Multiple Choice O 52,150 credit belance O o 254450 dobit balance O 52550 debt belance O 54.453 cred belence < Prev 7 of 9
The Maurer Company has a long-term debt ratio of 60 and a current ratio of 1.30. Current liabilities are $910, sales are $5,110, profit margin is 9.40 percent, and ROE is 17.00 percent. What is the amount of the firm's net fixed assets? Multiple Choice o $4,238.29 o $3,531.91 o $6,790.82 o $7,973.82 o $5,148.29
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