User Account

All Pages

Determining the long-term debt

Assignment Help Finance Basics
Reference no: EM131114049

GenX Enterprises prepared its financial statements for 2015 based on the information below. The company had cash of $1,350, inventory of $12,480, and accounts receivables of $6,589. The company's net fixed assets were $40,331, and other assets were $1,822.  GenX had accounts payable of $10,604, notes payable of $2,886, common stock of $22,400, and retained earnings of $14,368. How much long-term debt did the firm have?

a. $16,685
b. $18,334
c. $12,314
d. $22,342

Reference no: EM131114049

Questions Cloud

Market for reserves and equilibrium federal funds : Explain how the Fed's use of its three tools of monetary policy affect supply and demand in the market for reserves and the equilibrium federal funds interest rate.
Explains your understanding of potential for public official : Write a 2-page essay that explains your understanding of the potential for public officials, particularly local officials, to be held liable for decisions
Assuming that wizard uses the perpetual method : Assuming that Wizard uses the periodic method for recording merchandise transactions, record the purchase, return, and payment using the gross method.
Write a java program to demonstrate the use of jdbc : Write a Java program (non-GUI preferred) to demonstrate the use of JDBC. Write a list of animal and its characteristics to a database using JDBC. Display the characteristics of an animal when that animal is selected.
Determining the long-term debt : The company's net fixed assets were $40,331, and other assets were $1,822.  GenX had accounts payable of $10,604, notes payable of $2,886, common stock of $22,400, and retained earnings of $14,368. How much long-term debt did the firm have?
Express f in a canonical sum-of-products form : Minimize F in an SOP form, and obtain a possible realization.
Describe the basic components of the anokacounty sheriff : Describe the basic components of the AnokaCounty Sheriff's Office digital forensics lab and staff, and consider whether or not you would implement improvements in any areas based on the growing need
What makes the apv capital budgeting framework useful : What makes the APV capital budgeting framework useful for analyzing foreign capital expenditures?
Determining the coinsurance obligation : How much insurance should they have carried to meet the coinsurance obligation? What percentage of this loss will the insurance company pay? How much of the loss will George and Nancy have to absorb?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd