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Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $25,000 and has cash on hand of $24,000 contributed by Lannis owners. Lanni takes out a bank loan. It receives $36,000 in cash and signs a note promising to pay back the loan over 3 years. a-1. Prepare the balance sheet just after it gets the bank loan. Assets Liabilities &Shareholders Equity Cash $ 60,000 Bank loan 25,000 Shareholders equity $ 85,000Total $ 36,000 49,000 $ 38,000 Computers Total a-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.) Ratio of real assets to total assets 0.29 b-1. Prepare the balance sheet after Lanni spends the $60,000 to develop its software product Assets Liabilities &Shareholders Equity 36,000 49,000 S 38,000 Software product Computers 60,000 Bank loan 25,000 Shareholders equity Total $ 85,000 Totalb-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.) Ratio of real assets to total assets 1.00 c-1. Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1,750 shares for $74 per share. Prepare the balance sheet after Lanni accepts the payment of shares from Microsoft Assets Liabilities & Shareholders Equity Bank loan Shareholders equity Microsoft shares Computers Total Total C-2. What is the ratio of real assets to total assets? (Round your answer to 2 decimal places.) Ratio of real assets to total assets

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Home nert Page Layout Formulas Data Review View dd-Ins Cut Σ AutoSum 11.A. A.--- 9- ー E ゴText ずWrap Text General Paste Sort &Find & Format Pinter B 1-.E.:a.Δ. -=ーー!困Merge & Center, $, % , MnConditional Format Cell Insert Delete Format 2 ClearFe Select Edting Clipboard Font Alignment Number Cells CO13 CN CO CP CQ CR CS CT CV 13 14 15 16 17 18 19 20 21 a-1BALANCESHEET JUST AFTER IT GETS THE BANK LOAN ASSETS CASH ADD: RECEIVED BY WAY LOAN $ 36,000.00 LIABILITIES BANK LOAN SHAREHOLDERS EQUITY $ 24,000.00 S 36,000.00 49,000.00 60,000.00 COMPUTER TOTAL 25,000.00 $ 85,000.00 TOTAL $ 85,000.00 23 24 25 26 27 28 29 30 31 a-2 RATIO OF REAL ASSETS TO TOTAL ASSETS-25000/85000- 0.29 b-1 BALANCESHEET AFTER SPENDING 60000 TO DEVELOP ITS PRODUCT ASSETS SOFTWARE PRODUCT COMPUTER TOTAL LIABILITIES BANK LOAN SHAREHOLDERS EQUITY $ 49,000.00 TOTAL 36,000.00 $ 60,000.00 $ 25,000.00 $ 85,000.00 $ 85,000.00 b-2 RATIO OF REAL ASSETS TO TOTAL ASSETS85000/85000- 1.00 CASH BUDGET-budget erences: EV23 | .. 45 days cycle ROE, BV MV ato VARIANCE BEP OL FL atos B-S profit loss . SALES BUDGET , dupont、 DIFF ANALYSIS -overhead float ORDER 18-01-2019Home nert Page Layout Formulas Data Review View dd-Ins s Cut Σ AutoSum ー E ゴWrap Text copy ▼ в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼鼎 Conditional Format CeInsert Delete Format Formatting as Table Styles2 Clear Sort &Find & Format Painter Clipboard Alignment Number Cells Edting CO50 CN CO CP CQ CR CS CT CU CV 32 BALANCESHEET AFTER LANNI ACCEPTS PAYMENT OF SHARES FROM MICROSOFT ASSETS MICROSOFT SHARES COMPUTER 34 35 36 37 38 39 40 41 42 43 1750 X 741,29,500.00 $ 25,000.00 LIABILITIES BANK LOAN SHAREHOLDERS EQUITY $ 36,000.00 1,18,500.00 TOTAL $ 1,54,500.00 TOTAL s 1,54,500.00 c-2 RATIO OF REAL ASSETS TO TOTAL ASSETS 25000/124500- 0.16 45 46 47 48 49 50 1 | .. CASH BUDGET bud 45 BV MV ratio VARIANCE BEP, OL FL ratios B-S t loss SALES BUDGET DIFF ANALYSIS overhead float | ORDER E erences: EV23 18-01-2019

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