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QUESTION I-CURRENT LIABILITIES continued.. b) Hamptons Inc. has a calendar yea pons Inc. has a calendar...
QUESTION I-CURRENT LIABILITIES continued... amptons Inc. has a calendar year-end. On January 2, 2017, Hamptons signed...
QUESTION I-CURRENT LIABILITIES continued... amptons Inc. has a calendar year-end. On January 2, 2017, Hamptons signed as year loan for 405,000 with annual interest of 4.5% per annum. Interest for the year is paid on December Equal annual payments of are $93.000 are due at the end of each year. The payment schedule is as follows: Balance as at Annual Principal Dec. 31 balance end payment Principal interest of year opening 2017 $ 465,000 $ 113,925 $ 93,000 $ 20,925...
Thank you very much for answering! Problems Problem 10-IA Current versus non-current portions of debt LO1...
Thank you very much for answering!
Problems Problem 10-IA Current versus non-current portions of debt LO1 On January 2, 2017, Brook Company acquired machinery by issuing a 3% $300,000 note due in five on December 31, 2020. Annual payments are $78,608 each December 31. The payment schedule is: Principal Balance at Year-End Principal Portion of Payment $67,808 69,842 71,937 74,096 76,317 Interest Portion of Payment $10,800 8,766 6,671 4,512 2,291 Annual Payment Year 2017 2018 2019 2020 2021 $78,608 78,608...
TER 10 Liabilities LO 10-2 M10-5 Reporting Current and Noncurrent Portions of Long-Term Debt Assume that...
TER 10 Liabilities LO 10-2 M10-5 Reporting Current and Noncurrent Portions of Long-Term Debt Assume that on December 1, 2015. your company borrowed $15.000, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2016, $2,000; 2017, $3,000: 2018. $4,000; and 2019, $6,000. Show how this loan will be reported in the December 31, 2016 and 2015 balance sheets, assuming that principal payments will be made when required....
Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation,...
Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $95,000 by signing a mortgage payable at an annual interest rate of 6%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. Prepare an amortization schedule...
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new...
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $132,000 by signing a mortgage payable at an annual interest rate of 9%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. Prepare...
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new...
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $90,000 by signing a mortgage payable at an annual interest rate of 6%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. nterest...
Problem 13-4 Various liabilities [LO13-1, 13-2, 13-3, 13-4] The unadjusted trial balance of the Manufacturing Equitable...
Problem 13-4 Various liabilities [LO13-1, 13-2, 13-3, 13-4]
The unadjusted trial balance of the Manufacturing Equitable at
December 31, 2018, the end of its fiscal year, included the
following account balances. Manufacturing’s 2018 financial
statements were issued on April 1, 2019.
Accounts receivable
$
97,250
Accounts payable
52,600
Bank notes payable
618,000
Mortgage note payable
1,334,000
Other information:
The bank notes, issued August 1, 2018, are due on July 31,
2019, and pay interest at a rate of 15%, payable...
Pls help me out:) WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for...
Pls help me out:)
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidiurn Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $124,000 by signing a mortgage payable at an annual interest rate of 8%. The mortgage is repayable over 5 years in annual instalments, due each Jure 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also...
Please calculate: a) Current Ratio & Acid test ratio b) Cash ratio & Operating cash flow...
Please calculate:
a) Current Ratio & Acid test ratio
b) Cash ratio & Operating cash flow
c) Debt Ratio & Debt to equity ratio d) interest Ratio &
Debt service coverage Ratio
e) Assets turnover Ratio & Inventory turnover Ratio
Note As at 31 March 2018 2017 Taka Taka 4 5 OVO 511,585,227 6,188,057 58,510,013 11,504,048 28,563,337 616,350,682 593,536,255 9,118,422 76,756,882 10,366,331 41,750,162 731,528,052 9 10 11 12 Assets Property, plant and equipment Intangible assets Deferred tax assets Non-current financial...
help please explain how i do this The balance sheet for Plasma Screens Corporation, along with...
help please explain how i do
this
The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets: Current assets: Cash $ 113,500 $ 125,600 Accounts receivable 78.800 93,000 Inventory 97,000 81,800 Prepaid rent 4,400 2,200 Long-term assets: Land 490,000 490,000 Equipment 798,000 680,000 Accumulated depreciation (430,000) (272,000) Total assets $ 1,151,700 $ 1,200,600 $ Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest...
QUESTION I-CURRENT LIABILITIES continued... amptons Inc. has a calendar year-end. On January 2, 2017, Hamptons signed as year loan for 405,000 with annual interest of 4.5% per annum. Interest for the year is paid on December Equal annual payments of are $93.000 are due at the end of each year. The payment schedule is as follows: Balance as at Annual Principal Dec. 31 balance end payment Principal interest of year opening 2017 $ 465,000 $ 113,925 $ 93,000 $ 20,925...
Thank you very much for answering!
Problems Problem 10-IA Current versus non-current portions of debt LO1 On January 2, 2017, Brook Company acquired machinery by issuing a 3% $300,000 note due in five on December 31, 2020. Annual payments are $78,608 each December 31. The payment schedule is: Principal Balance at Year-End Principal Portion of Payment $67,808 69,842 71,937 74,096 76,317 Interest Portion of Payment $10,800 8,766 6,671 4,512 2,291 Annual Payment Year 2017 2018 2019 2020 2021 $78,608 78,608...
TER 10 Liabilities LO 10-2 M10-5 Reporting Current and Noncurrent Portions of Long-Term Debt Assume that on December 1, 2015. your company borrowed $15.000, a portion of which is to be repaid each year on November 30. Specifically, your company will make the following principal payments: 2016, $2,000; 2017, $3,000: 2018. $4,000; and 2019, $6,000. Show how this loan will be reported in the December 31, 2016 and 2015 balance sheets, assuming that principal payments will be made when required....
Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $95,000 by signing a mortgage payable at an annual interest rate of 6%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. Prepare an amortization schedule...
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $132,000 by signing a mortgage payable at an annual interest rate of 9%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. Prepare...
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidium Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $90,000 by signing a mortgage payable at an annual interest rate of 6%. The mortgage is repayable over 5 years in annual instalments, due each June 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also be June 30. nterest...
Problem 13-4 Various liabilities [LO13-1, 13-2, 13-3, 13-4]
The unadjusted trial balance of the Manufacturing Equitable at
December 31, 2018, the end of its fiscal year, included the
following account balances. Manufacturing’s 2018 financial
statements were issued on April 1, 2019.
Accounts receivable
$
97,250
Accounts payable
52,600
Bank notes payable
618,000
Mortgage note payable
1,334,000
Other information:
The bank notes, issued August 1, 2018, are due on July 31,
2019, and pay interest at a rate of 15%, payable...
Pls help me out:)
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidiurn Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $124,000 by signing a mortgage payable at an annual interest rate of 8%. The mortgage is repayable over 5 years in annual instalments, due each Jure 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also...
Please calculate:
a) Current Ratio & Acid test ratio
b) Cash ratio & Operating cash flow
c) Debt Ratio & Debt to equity ratio d) interest Ratio &
Debt service coverage Ratio
e) Assets turnover Ratio & Inventory turnover Ratio
Note As at 31 March 2018 2017 Taka Taka 4 5 OVO 511,585,227 6,188,057 58,510,013 11,504,048 28,563,337 616,350,682 593,536,255 9,118,422 76,756,882 10,366,331 41,750,162 731,528,052 9 10 11 12 Assets Property, plant and equipment Intangible assets Deferred tax assets Non-current financial...
help please explain how i do
this
The balance sheet for Plasma Screens Corporation, along with additional information, are provided below. PLASMA SCREENS CORPORATION Balance Sheets December 31, 2018 and 2017 2018 2017 Assets: Current assets: Cash $ 113,500 $ 125,600 Accounts receivable 78.800 93,000 Inventory 97,000 81,800 Prepaid rent 4,400 2,200 Long-term assets: Land 490,000 490,000 Equipment 798,000 680,000 Accumulated depreciation (430,000) (272,000) Total assets $ 1,151,700 $ 1,200,600 $ Liabilities and Stockholders' Equity: Current liabilities: Accounts payable Interest...
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