Liabilities Liquid assets Monthly credit payments Monthly savings $ 8,000 $5,000 $ 668 $ 150 Net worth Current liabilities Take-home pay Gross income $ 59,000 $ 1,350 $ 2,600 $ 2,900 a. Debt ratio
Q: Case 2: Non-Controlling Interest measured at fair value Inahan Co. elects the option to measure the ...
A: 1. Transaction cost incurred = fair value of land - book value of land =P1000000-P750000 = P 250000...
Q: LMN Inc. has the following information available: 1 Compute the material price and quantity, and th...
A: Material cost variance: = (Standard quantity * standard price ) - ( actual quantity * actual price...
Q: Activity-Based Management, Non-Value-Added Costs, Target Costs, Kaizen Costing Joseph Hansen, presi...
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-part...
Q: Consider a $5,000, 6%, 180-day interest-bearing note and a non-interest- bearing note for the same ...
A: The notes are used by borrowers for raising funds that are categorized as interest bearing and non-i...
Q: Naomi uses the filing status of Single for 2021. Her taxable income is $612.353, which includes $25,...
A: Question 1 For 2021 When single tax payers As total taxalable income is Then qualified dividend ta...
Q: On October 1, Year 3, Eure Retailers signed a 4-month, 16% note payable to finance the purchase of h...
A: The correct answer for the above mentioned question is given in the following steps for your referen...
Q: Kyle Struck's filing status is single, and he has earned gross pay of $2,340. Each period he makes a...
A: Tax is an amount that is charged by the government from the individual and organizations on the inco...
Q: Cozy Corporation purchased supplies at a cost of $24,000 during the current year. At January 1, supp...
A: Formula: Supplies expense = Beginning supplies + Supplies purchased - Ending Supplies
Q: . What amount should be debited to the investment account if the rights were not accounted for separ...
A: Stock rights are the rights which are given by the company to the existing shareholders or the inves...
Q: A The objective of IAS 36 Impairment of assets is to prescribe the procedures that an entity applies...
A: Impairment of asset means the decrease in the carrying value of asset. If the carrying amount is mor...
Q: The bookstore manager wants to determine the bookstore's optimal order quantity, given the foregoing...
A: Details Available Cost per Piece= 1900 Annual Requirement = 1700 pieces Carrying Cost = 25% of pu...
Q: Part 1 of 18 Marginal corporate tax rates Using the corporate tax rate schedule given here 1. perfor...
A: Marginal tax rate for the levels of corporate earnings before taxes. Marginal tax rates measured aga...
Q: Required information [The following information applies to the questions displayed below.] Cane Comp...
A: 3. Alpha Per unit ($) Per unit ($) Sales 140 Less: Variable costs Direct material...
Q: Q.2 The following is the capital Structure of Maruti Itd. Sources of capital Book value Market value...
A: Cost of each source of capital Equity Cost of Equity= Expected dividend per share/Market value per s...
Q: atement 1:A spiit up increases the he cost per share. Statement 2: A stock
A: In this question, there are two statements We have to decide which statements are correct or which ...
Q: Prepaid expenses are normally created as a part of the purchasing process. Prepaid energy bills, ins...
A: Introduction Prepaid expenses are the advance payments made for goods and services to be used in fut...
Q: Bimbo Company, which uses the weighted average method, produces a product that passes through two de...
A:
Q: Problem 4-2 – Current and non-current liabilities Grill Company is selling audio and video appliance...
A: Current and non-current liabilities of a company refers to short term and long term obligations of t...
Q: Explain the auditor legal liability, this includes what law that procure such liability?
A: An auditor is expected to complete their tasks in good faith and with integrity and should operate e...
Q: The following balance sheet for the Hubbard Corporation was prepared by the company: HUBBARD CORPORA...
A: Balance Sheet includes: Assets accounts Liabilities accounts Shareholder's equity accounts As per ...
Q: occurring at the end of the year. Find the payback period for both these projects. Year Project 1 Pr...
A: Payback period - The duration of the project life with in which the initial investment is return bac...
Q: Blender Mixer Direct material Direct labor 2$ 23 $. 34 16 44 Manufacturing overhead @ $56 per machin...
A: This question is about deciding which product is produced and what quantity by optimum use of the sc...
Q: In the process of your examination of the financial statements of the Malu-oy Company for the year e...
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for...
Q: Brad Gravel Pitt Company has sales of $495,000 and cost of goods sold of $302,000. Selling and admin...
A: Gross profit the profit arrived after deducting cost of goods sold from sales before deducting any o...
Q: he following events occurred in Fresh Cleaning Company in December 2021: (1) A customer has purchase...
A: Accounting principles are those rules and regulations that a business entity must adhere to while re...
Q: he following CVP income statements are available for Cullumber Corp. and Ivanhoe Cullumber Ivanhoe, ...
A: COST VOLUME ANANLYSIS is used to do analysis of how changes that has took place in cost and volume a...
Q: Which one of the following states a requirement or characteristic of special use valuation under IRC...
A: An estate to use special use valuation must be a farm or business or trade. Hence A) is false c) an...
Q: Problem 4-4 Audit of warranty and premium payable Taylor’s Version Co. carries a wide variety of mus...
A: Solution Warranty expense is that cost that a business expects to or has already incurred for the re...
Q: Picnic Corp. acquired 80% of outstanding shares of Grove Inc. the stock acquisition resulted to a go...
A: Control premium refers to the amount that the buyer of the company or the acquirer pays to have cont...
Q: Use the following information to determine the margin of safety in dollars: Unit sales... Dollar sal...
A: Formula: Margin of safety in dollars = Current sales - Break even sales
Q: |Assume that Monsanto Coporation is considering the replacement of some of its older and outdated ca...
A: The marginal cost benefit analysis takes into account the incremental costs and benefits associated ...
Q: he firm is contemplating the following (base case): Vehicle acquisition cost ...
A: Shareholder's earnings (returns) can be in two ways. First, dividends, and secondly, an increase in ...
Q: Slow Running Shoes uses the Aging of receivables method to account for uncollectible accounts. The ...
A: The balance sheet represents the financial position of the company that includes the assets, liabili...
Q: Sayers Company purchased a building for $250,000 on January 2, 2019. The building has an expected re...
A: As per the guide lines we can solve 3 part (first three) of the question . answer for remaining ques...
Q: Interest versus dividend income Last year, Shering Corporation had pretax earnings of $480,000. In a...
A: The above question answer is given in the following steps for your reference.
Q: Question 17, P1-9 (book/static) Part 1 of 5 Interest versus dividend income Depot Logistics Inc. has...
A: Given information, pre-tax income from its operations=$560,000. Interest payment =$40,000 Income fr...
Q: 1st Quarter 8,600 2nd Quarter 6,500 3rd Quarter 7,300 4th Quarter 8, 200 Units to be produced Each u...
A: Total direct labor hours required = Direct labor hours required per unit * Units produced Total di...
Q: Prepare a cost of production report for April. Prepare journal entries to record: (1) The trans...
A: Desert File Cabinet U.S.A., a manufacturer of metal filing cabinets, uses a process cost system. The...
Q: P company bought 60% of common stock of S company on January 1, 20x4. On January 1 20x5, there was a...
A: Net income is also referred to as net earnings. Net income means deducting all the expenses (Costs) ...
Q: Relax Spa Company is engaged in providing facial and body treatment in a spa centre. Customers are ...
A: The income statement explains the financial performance of the company for a particular period of ti...
Q: Blossom Express Co. produces wooden crates used for shipping products by ocean liner. In 2022, Bloss...
A: (a) Total Manufacturing cost using variable costing approach: In variable costing approach, only var...
Q: needs help defining the costs for his business. Frank also wants to know which costs are relevant or...
A: Relevant cost: relevant cost is the cost which is relevant for decision making, it is relevant to de...
Q: Accrual income versus cash flow for a period. Thomas Book Sales, Inc., supplies textbooks to college...
A: Net profit = Sales revenue - Cost of goods sold Net cash flow = Cash receipts - Cost of goods sold
Q: The following events occurred in Fresh Cleaning Company in December 2021: (1) A customer has purchas...
A: The main objective of any set of accounting standards appears to be to ensure that a company's finan...
Q: n's net profit for the past year using the accrual basis of accounting. 's net cash flow for the pas...
A: Net Profit = Sales Revenue - Cost of goods sold.
Q: Ron's basis in his stock is $4,000. The corporation has E&P of $5,000 and distributes $6,000 to Ron....
A: Companies pay dividend out of its current profits and earning and accumulated (if any). Dividend in...
Q: The production manager of Rordan Corporation has submitted the following quarterly production foreca...
A: Total direct labor hours needed = Units to be produced ×Direct labor time per unit
Q: QI. Explain how job costing is used in service sectors and manufacturing sectors? Provide examples b...
A: Job costing refers to an accounting method which is used in cost accounting; it is designed to track...
Q: Illustration 1. Measuring Goodwill/Gain on Bargain Purchase On January 1, 2021, Amahan Co. acquired ...
A: Goodwill is an intangible asset that is associated with the purchase of one company by another. Spec...
Q: The partnership of Chase and Chloe shares profits and losses in a 70:30 ratio respectively after Chl...
A: Remaining income allocation = Total income - Salaries
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- need the calculation for debt to assets ratio, debt equity ratio, long-term debt to equity and times interest earned ratio. CURRENT ASSETS Cash and cash equivalents $ 5,910 $ 5,238 Marketable securities 406 503 Accounts receivable 10,888 9,645 Less: Allowance for credit losses (138) (93) Accounts receivable, net 10,750 9,552 Assets held for sale 1,197 0 Other current assets 1,953 1,810 Total Current Assets 20,216 17,103 Property, Plant and Equipment, Net 32,254 30,482 Operating Lease, Right-of-Use Asset 3,073 2,856 Goodwill 3,367 3,813 Intangible Assets, Net 2,274 2,167 Investments and Restricted Cash 25 24 Deferred Income Tax Assets 527 330 Other Non-Current Assets 672 1,082 Total Assets 62,408 57,857 Current Liabilities: Current maturities of long-term debt, commercial paper and finance leases 2,623 3,420 Operating Lease, Liability, Current 560 538 Accounts payable 6,455 5,555 Accrued wages and withholdings 3,569 2,552…Assume the following information is given:Income statementNet sales sh. 200,000Operating income 10,000 Balance sheetCurrent assets 95,000Total assets 150,000 Current liabilities 80,000Total liabilities 125,000Retained earnings 25,000 The market value of equity is sh. 300,000Required:Evaluate the credit worthiness of the borrower using Altman ZGiven the following balance sheet information: Liabilities Current Liabilities Accounts Payable Total Current Liabilities Long Term Liabilities Bank Loan Total Long Term Liabilities $46.684 $46,684 $231.240 $231,240 Owner's Equity: Calculate the Debt/Equity ratio. $540,022
- The following are the Financial Statements of Louise Company: Loulse Company Statement of Financial Position As of December 31, 2015, and 2016 2015 2016 ASSETS Current Assets Cash Accounts Receivables, net Merchandise Inventory Marketable Securities 198,000 30,000 15,000 20,000 10,000 273,000 270,000 40,000 10,000 20,000 8.000 348,000 Prepaid Expenses Total Current Assets Non-Current Assets Land Building, net Machinery, net Fumiture and Fixtures, net Long-term Investments Total Non-Current Assets 500,000 390,000 100,000 50,000 100,000 L140.000 500,000 380,000 90,000 45,000 80,000 1,095,000 TOTAL ASSETS 1413.000 1.443.000BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 What is the firms ROE (Return on Equity)?Group of answer choices 9.45% 9.63% 9.84% 10.20%BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 9 What is the firm's Debt Ratio? Group of answer choices 60.0% 65.0% 70.0% 75.0% Question 10 What is the firm's Inventory Turnover? 4.41 4.55 4.69 4.83 Question 11 What is the firm's DPS…
- BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 5 What is the firm's EBITDA coverage? Group of answer choices 3.51 3.69 3.88 4.17 Question 6 What is the firms DSO (Days Sales Outstanding)? Group of answer choices 51.30 days 52.80 days 53.50…Balance SheetAssets LiabilitiesCurrent Assets Current LiabilitiesCash 46 Accounts payable 39Accounts receivable 23 Notes payable/short-term debt 5Inventories 20Total current assets 89 Total current liabilities 44Long-Term Assets Long-Term LiabilitiesNet property, plant,and equipment 121 Long-term debt 133Total long-term assets 121 Total long-term liabilities 133Total Liabilities 177Stockholders' Equity 33Total Assets 210 Total Liabilities and 210Stockholders' Equity The above diagram shows a balance sheet for a certain company. Allquantities shown are in millions of dollars. What is the company's networking capital? ExplainCompared to the ROE in 2020, the ROE in 2021 has Improved / 6.65% Improved / 3.43% Worsened / -6.65% Worsened / -3.43% Stayed the same / 0% by
- Use the following information to complete the Financial Statements a. Average collection period of 55 days Total equity is $2,250,000 C. Return on Equity of 12% d. Total assets turnover of 1.248 е. Gross profit margin of 40% f. Curren ratio of 3.5 g. Long term liabilities are $1,514,422.5 h. Initial inventory was $1,000,000 and the inventory turnover is 3 times i. The debt ratio (liabilities to assets) is 48% Income Statement Sales Cost of goods sold Gross profit Expenses and taxes Net profit b.Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Balance Sheet 2,800,000 Less: accum. depr.(1,087,500) Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity Total liabilities and owner's equity 2) Debt ratio. Income Statement $400,000 Net sales (all credit) 1,415,000 Less: Cost of goods sold Selling and administrative 1,847,500 expense 24,000 Depreciation expense 3,686,500 Interest expense Earnings before taxes Income taxes 1.712.500 Net income $5,399,000 $600,000 875,000 92,000 $1,567,000 900,000 2,932,000 $5,399,000 Based on the information in the above table, calculate the following ratios. 1) Current ratio. $6,375,000 (4,375,000) (1,000,000) (135,000) (100,000) $765,000 (306,000) $459,000You are given the following information. What is your liquidity ratio? Annual disposable income: $45,000 Total liabilities: $17,400 Annual savings: $2,400 Long-term assets: $85,000 Current ratio: 2 Debt-to-asset ratio: 0.2 Select one: a. 0.90 b. 0.56 c. 0.89 d. 0.53