Can you recheck the transaction on Feb. 12? It was said that the owner received P50,000 from customers, why did you deduct the P50,000 in accounts receivable? The cash came from the customers and not from the Nestle Corporation, does it? Should that P50,000 be added on the Capital? A revenue earned?
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Can you recheck the transaction on Feb. 12? It was said that the owner received P50,000 from customers, why did you deduct the P50,000 in accounts receivable? The cash came from the customers and not from the Nestle Corporation, does it? Should that P50,000 be added on the Capital? A revenue earned?
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- Using the Accounting equation. Compute the following figure: Liabilities Assets Сaptal Workings 1 54000 16900 ? 2 330000 155000 ? 3. ? 19200 24400 4 ? 59000 119300 36100 28500 6 18600 16450 7 5000 16900 8 ? 14392 245886 9.200000 50000engageNOWv2 | Online teachin X * CengageNOWv2 | Online teachin x+ com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. * eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $382,880 Interest expense 67,570 Average total assets 5,850,000 Determine the return on total assets. If required, round the answer to one decimal place. % Check My Work 67°F SIf a business has the following balances, what would be the amount of total liabilities?ASSETSCash $ 5000Accounts Receivable 2575Equipment 14000OWNER'S EQUITYAnne Miller, Capital 2600
- If the company's assets in TL: cash 100.000, accounts receivable 50.000, inventory 150.000, and building 200.000 (market value 300.000) and the liabilities 300.000. How much is the net assets under recorded value approach? Select one: a. 300.000 b. 400.000 c. 200.000 d. 600.000Find out the missing value assets in an accounting equation if liabilities is OMR 320000 and capital is OMR 119000 Select one : O a . OMR 439000 assets O b . OMR 201000 assets O c . OMR 349000 assets O d . OMR 102000 assets Clear my choiceRevenue R100 000, Debtors (opening R50 000, closing R110 000), Calculate Cash Receipts from Customers. Select one: a. R60 000 b. R40 000 c. R110 000 d. R100 000
- CengageNOWv2 | Online teachin X * CengageNOWv2 | Online teachin x+ v.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inp Return on Total Assets A company reports the following income statement and balance sheet information for the current ye Net income $382,880 Interest expense 67,570 Average total assets 5,850,000 Determine the return on total assets. If required, round the answer to one decimal place. 6.5 X % Feedback Y Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work All work saved. Email InstrSelect the appropriate description based on its effects on the Accounting Equation: Liabilities + Stockholders' Equity Sales Rent Expense Accounts Payable Dividends + (1) (2) (3) 1) +10,000 2) -600 3) 4) +500 5) -200 6) -400 7) -100 (4) (5) Assets Cash + Supplies +Equipment (6) +200 +600 = +200 -200 [Choose ] [Choose] [Choose ] [Choose ] [Choose ] [Choose ] +500 +400 < < +100 Contributed Capital +10,000Question 2 The following are financial statements of AR Sdn Bhd. AR Sdn Bhd Income Statement for the year ended 31/12/2015 RM RM RM Sales 18600 R/Inward (440) Net Sales 18160 COGS Opening stock Purchase 3776 11556 -R/Owards (355) 11201 +carriage inwards 234 11435 15211 -Closing stock COGS (4998) (10213) GROSS PROFIT 7947 Other income Interest Received 862 8809 (-) Expenses Carriage O/ward Motor expenses 326 664 Discount allowed 526 Rent 576 Sundry expenses Salaries & wages 1208 2447 (5747) 3062 Net Profit □ ㅇ |l>
- Identify each of the following independent transactions as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). Also explain how each event affects assets, liabilities, stockholders' equity, net income, and cash flow by selecting a + for increase, - for decrease, or leave cell blank for not affected under each of the categories. The first event is recorded as an example. a. Provided services on account. b. Wrote off an uncollectible account (use the direct write-off method). c. Loaned cash to H. Phillips for one year at 6 percent interest. d. Collected cash from customers paying their accounts. e. Paid cash for land. f. Sold merchandise at a price above cost. Accepted payment by credit card. The credit card company charges a service fee. The receipts have not yet been forwarded to the credit card company. Record this event as two transactions. Reference the sales transaction as f1 and the cost of goods sold transaction as f2. g. Provided services for cash.…* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…pter 4 Problem Solving.pdf Open with Google Docs Problem 4-10 page 112 RATIO CALCULATIONS Assume the following relationships for the Brauer Corp Sales total assets Retum on assets ROA) Return onequity (ROE) Calculate Brauer's puofit margin and debt iratio. Solation