Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following values relate to various ratios determined for a sole trader, Ben Bournemouth, for the year ended 30 June 2013. At that date, the total assets in the Balance Sheet were $900 000. The ratios relate to the accounts either in respect of the 12-month period or at the date of the Balance Sheet for the end of the period.
Gross Profit to Total Sales
=
25%
Current Ratio
2.5:1
Quick (acid test) Ratio
2:1
Credit Sales to Total Sales
75%
Non-current Assets to Current Assets
10%
Profit to Total Assets
15%
Accounts Payable to Purchases
40%
Profit Margin
Profit to Equity (start of period)
30%
Credit Sales to Accounts Receivable
7.5:1
Required:
Assuming that there are no prepaid expenses and that accounts payable are the only liability, and rounding answers to the nearest dollar, prepare:
Mr. Jenson bought a set of living room furniture for $5,645. He paid $500 at first. He then paid the remainder in equal payments, every month for seven mouths. How much did he pay each month?
during the current year els corporation reported the following tax-related informationbull 5000 tax-exempt interest
abc co needs to acquire equipment at a cost of 2500000 includes set up costs of 225000 deemed to be
A machine costing Rs. 10.0 million and having book value of Rs. 6.5 million was traded-in with another machine having a fair market value of Rs. 7.0 million with an additional cash payment of Rs. 1.0 million. what will be the accounting entry?
bull scenario 1 if you were general manager of a division on which three key ratios would you choose to have your units
Which of the following statements concerning consolidated financial statements is true?
What balances would need to be considered in order to prepare the consolidation entry in connection with these intercompany bonds at December 31, 2008, the end of the first year of the intercompany investment?
pete is the president of island enterprises. island enterprises began business on january 1 2008. the companys
note for this textbook edition the rate 0.6 was used for the futa tax rate for employers. the following unemployment
The beginning of year while there was no sale of fixed asset. Prepare fixed assets schedule if the depreciation is charged for the year @15% onoriginal cost.
Discuss any benefits you can think of for a company to (a) cross-list its equity shares on more than one national exchange, and (b) to source new equity capital from foreign investors as well as domestic investors.
the city of mcneely sold bonds in the amount of 10000000 to finance the construction of a public health center.the
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd