User Account

All Pages

Make a balance sheet reconstruction

Assignment Help Accounting Basics
Reference no: EM132574239

Question 1: Balance Sheet Reconstruction

You want to prepare the balance sheet for CCK Inc. as of December 31, 2019. Use the following information. All information pertains to fiscal 2019 unless otherwise stated.

  • Retained earnings at December 31, 2019 is $234,000
  • Sales (all credit sales) are $2.5 million
  • Days to sell inventory is 20
  • Cash on hand is 1% of sales
  • All sales are paid 30 days after purchase
  • Noncurrent assets are $1 million
  • Long-term debt to equity ratio is 1
  • All liabilities, other than long-term debt, are short-term liabilities
  • 20,000 shares outstanding issued at $10 in 2004
  • No dividends are paid
  • Gross margin is 40%
  • Net profit margin is 8%
  • Assume there are 360 days in the year

Reference no: EM132574239

Questions Cloud

Identifying which of jacy behaviors : Objective: To develop and evaluate an intervention plan that addresses a child's language development.
What are the stages of corporation life cycle : What are the stages of a corporation's life cycle? How can a corporation's life cycle be extended? What is strategy implementation?
What is considered as a healthy weight for a given height : Weight that is higher than what is considered as a healthy weight for a given height is described as overweight or obese. Body mass index(BMI) is used.
Most challenging decision in life : Consider immigration which is one the most challenging decision in life. The audience of letter is you
Make a balance sheet reconstruction : Make a Balance Sheet Reconstruction.Retained earnings at December 31, 2019 is $234,000. All sales are paid 30 days after purchase
Discuss effective strategies for resolving workplace : Discuss effective strategies for resolving workplace conflict and encouraging interprofessional collaboration. While APA style format is not required.
Determine the capital balances of Fax : Determine the capital balances of Fax, Bel, and Rob after Rob's admission to the partnership if goodwill is not recorded
Difference between adoration and veneration : 1. What is the difference between adoration and veneration?
International opportunities : to support your response. As firms attempt to internationalize, they may be tempted to locate their facilities where business regulation laws are lax.

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