User Account

All Pages

Compute the Kline total current assets

Assignment Help Accounting Basics
Reference no: EM132798585

Question - The December 31 2021 pre closing adjusted trial balance for Kline enterprise was as follows:

Acc payable 99,000

Acc Rec 179,000

Accum Depreciation-equipment 269,000

Common stock 499,000

Cash 35,000

COGS 489,000

Depreciation expense 69,000

Equipment 718000

Interest expense 6000

Inventory 159000

Note payable due in 6 months 69000

Rent expenses 39000

Retainend earnings 73000

Salaries payable 17000

Sales revenue 797000

Salaries expenses 129000

Totals Deb: 1,823,000. Cr 1,823,000

Required - Compute the Kline's 12/31/2021 total current assets?

Reference no: EM132798585

Questions Cloud

How statistical techniques can solve business problems : Calculate the value of the relevant test statistics and identify the P value and Calculate the proportion of students consume more than 12 instant meals
Should the project be accepted : Miller's is considering a 2-year expansion project that will require $398,000 up front. Should the project be accepted if the discount rate is 12 percent
Determine least cost operations and replacement schedule : Today the business revolves around 20 vans that are on the streets, Determine least cost operations and replacement schedule for Mr. Speedy
How much in face value of the coupon bond : You engage in a cash-flow matching strategy. How much in face value of the 1-year zero coupon bond do you purchase
Compute the Kline total current assets : The December 31 2021 pre closing adjusted trial balance for Kline enterprise was as follows: Compute the Kline's 12/31/2021 total current assets
Analyse governments fiscal and monetary policy : Analyse economic environment nationally and internationally and its influence on business and national economic performance
What defines the bargaining zone in a negotiation : -What defines the bargaining zone in a negotiation? How does a positive or negative bargaining zone affect the outcome of a negotiation?
What is management by objectives process : Explain the characteristics of this important tool. Do you think we are able to apply today this MBO process even though it is a traditional technique.
What is the amount of ending inventory at cost : During the year 2018, goods costing P150,000 were shipped to the branch. What is the amount of ending inventory at cost

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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