Homework Answers
Total fixed asset (TFA) is the difference between total assets (TA) and total current assets (TCA).
TFA = TA – TCA
= 177,677,000 – 83,670,000
= 94,007,000
Answer: 94007000
Note: no other data or information is required here.
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Given the following financial statements for GM, what is the total fixed assets? (Round your answer...
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Please answer question number 4 using the information given Below are the financial statements of a...
Please answer question number 4 using the information
given
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2. a Use the attached balance sheet to answer the following questions What is the largest...
2. a Use the attached balance sheet to answer the following questions What is the largest source of long-term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b. What is the company's largest investment in short-term assets? Describe these types of assets. (4 points) For common stockholders, what is their amount of investment in the company? Why? (4 points) d. How much has the company...
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Suppose the following items were taken from the 2017 financial
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Prepaid rent
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Accounts payable
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Equipment
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Patents
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Notes payable (long-term)
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1,600
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6,470
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120
Accounts receivable
1,700
Cash
1,350
Inventory
1,270
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2017. (List current assets in order of...
this is all the teacher gave us a 2. Use the attached balance sheet to answer...
this is all the teacher gave us
a 2. Use the attached balance sheet to answer the following questions What is the largest source of long-term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b What is the company's largest investment in short-term assets? Describe these types of assets (4 points) For common stockholders, what is the amount of investment in the company? Why? (4...
parts 1-3 1 Alex and Jane are partners in a small business, the total assets of...
parts 1-3
1 Alex and Jane are partners in a small business, the total assets of the business are $400,000. The business has been sued by a customer, the customer is seeking damages of $750,000 Alex and Jane do not have insurance. What resources can be used to pay the customer $750,000 in the event the business is found fable? Why 2. Use the attached balance sheet to answer the following questions What is the largest source of long-term cash...
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Please answer question number 4 using the information
given
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2. a Use the attached balance sheet to answer the following questions What is the largest source of long-term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b. What is the company's largest investment in short-term assets? Describe these types of assets. (4 points) For common stockholders, what is their amount of investment in the company? Why? (4 points) d. How much has the company...
View Policies Current Attempt in Progress Based on the following data, what is the amount of current assets? Accounts payable Accounts receivable Cash Intangible assets Inventory Long-term investments Long-term liabilities Short-term investments Notes payable Property, plant, and equipment Prepaid insurance $62000 124500 69000 124500 133000 169500 220000 82000 57000 1310000 2000 O $275500 O $410500 $277500 $252500 Save for Later View Policies Current Attempt in Progress Based on the following data, what is the amount of working capital? Accounts payable...
Presented below is the balance sheet for HHD, Inc., at December 31, 2021. Current assets Investments Property, plant, and equipment Intangible assets Total assets Current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 612.000 509,000 2,084,000 206,000 $3,411,000 $ 412,000 1.019.000 1.980,000 $3,411,000 The captions shown in the summarized statement above include the following: a. Current assets: cash, $153,000; accounts receivable (net). $203,000; inventory, $228,000; and prepaid insurance, $28,000. b. Investments: investment in equity securities, short term,...
Suppose the following items were taken from the 2017 financial
statements of Vaughn Manufacturing. (All dollars
are in millions.)
Common stock
$3,400
Accumulated depreciation—equipment
$4,050
Prepaid rent
150
Accounts payable
1,440
Equipment
7,320
Patents
2,140
Stock investments (long-term)
650
Notes payable (long-term)
700
Debt investments (short-term)
1,600
Retained earnings
6,470
Income taxes payable
120
Accounts receivable
1,700
Cash
1,350
Inventory
1,270
Prepare a classified balance sheet in good form as of December 31,
2017. (List current assets in order of...
this is all the teacher gave us
a 2. Use the attached balance sheet to answer the following questions What is the largest source of long-term cash being used by the company? How will this source probably affect the company's use of cash on an ongoing basis? (4 points) b What is the company's largest investment in short-term assets? Describe these types of assets (4 points) For common stockholders, what is the amount of investment in the company? Why? (4...
parts 1-3
1 Alex and Jane are partners in a small business, the total assets of the business are $400,000. The business has been sued by a customer, the customer is seeking damages of $750,000 Alex and Jane do not have insurance. What resources can be used to pay the customer $750,000 in the event the business is found fable? Why 2. Use the attached balance sheet to answer the following questions What is the largest source of long-term cash...
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