A company with working capital of $347,628 and a current ratio of 2.9 pays a $78,793 short-term liability. The amount of working capital immediately after payment is Round your answer to the nearest dollar. a. $451,797 b. $347,628 c. $104,169 d. $555,966
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- G SYSTEM (ACADEMIC) erial Accounting - Spring21 Time left 0:34:1 XYZ Co. has a contribution margin of $450,000 and profit of $150,000. If sales increase 30%, by how much will profits increase? a. 15% b. 90% C. None of the given answer is correct. O d. 60% e. 30% Company XYZ is currently making sales of $200,000. At this level, the variable expenses were $160,000. Assume that company XYZ expects sales to increase to $250,000 in the coming period with no change is expected to fixed expenses. How much is the expected change in profit? O O Oquestion O C. Work in Progress Finished Product 48 Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the average debtors? ut of O a. OMR 15000 uestion O b. OMR 7500 O c. OMR 30000 O d. OMR 10000 pe here to search Pa lenovoCalculate working capital Alist of XYZ Company accounits is presented belov in alphabetical order: Aco. Dep.-Buildings Acc. Dep-Equipment Acc. Other Comprehensive Inoiome Accounts Payable Accounts Receivable 10 Additional Paidin Capital-obmmion Addtional Paidin Capital-preferredS 12 Allov ance for Doubtful Adcounts 42,400,00 28.080.00 880.00 17,920 00 17.200 00 19,200.00 9,200 00 640.00 61600 00 13 Bond: Payable idue 20271 14 Buldng: 15 Cash 16 Common Stock, $10 par 17 Curren Tan Payable 18 Discount on Bonds Pavable 19 Equipment 20 nventory 21 Land 22 Marketable Seourities (shoit term) 23 Patents (net) 24 Pieferned stook, $100 par 25 Retained Earnings 26 Revenues Salaries expense 28 Salalies Payable 29 Trademarks 115,200.00 2,320.00 24,000.00 8,320.00 5,520.00 57.920.00 29,760 00 24,000,00 4.880.00 7,840.00 16,800 00 36.960.00 85,600.00 %24 27 31.200.00 1,600.00 2.960.00 24 30
- A company with working capital of $720,000 and a current ratio of 2.2 pays a $125,000 short-term liability. The amount of working capital immediately after payment is a.$125,000 b.$720,000 c.$845,000 d.$595,000Bought delivery van P850,000 terms 20% down and the balance payable in oneyear. Required: 1. Record the transaction in the general journal.A company with working capital of $880,000 and a current ratio of 3 pays a $138,000 short terms liability. the amount of working capital immediately after payment is ~ a. $1,1018,000 b.$880,000 c.$138,000 d.$742,000
- Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Cash SR 50 Short-term investment SR 150 Average assets SR 1500 Total expenses SR 200 Net income SR 100 Gross contributions SR 600 Net contributions SR 550 What is expense ratio? а. 40% b. 30% С. 36.3% d. 50%Show the solution in good accounting form How much continuing franchise revenue be recognized on December 31, 2020 assuming the sales of P 4,987,500 was generated for the first year of operations? A. Zero B. P 190,000.00 C. P 49, 875.00 D. P417, 591.50Net Income Interest (Loss) $ 185, 000 179, 600 157, 250 188, 100 Expense $ 59,200 80, 820 Income Taxes a. $ 46, 250 b. 64, 656 66,045 90, 288 C. 44, 030 11, 286 d. Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers In the tabs below. Times Interest Interest Earned Ratio Coverage Compute times interest earned. Times Interest Earned Ratio Company Choose Numerator: Choose Denominator: Ratio %3D %3D times times times !! times !! Interest Coverage >
- What is the fixed charge coverage ratio? Answer in the form of 5.0x (one decimal place...hint: should end in .0x or .5x) Assume: Sales - $1,000 Depreciation - $3 PP&E - $15 Taxes paid - $8 Accounts receivable - $2.5 Debt due within one year - $10 Capital Expenditures - $2 Net Income - $25 Interest expense - $6 Total Debt - $112.5Lanikai Company has the following projected account balances for June 30, 2023: Accounts payable $40,000 $800,000 Accounts receivable 100,000 400,000 24,000 180,000 200,000 80,000 4,000 On Depreciation, factory Inventories (5/31 & 6/30) Direct materials used Office salaries Insurance, factory Plant wages Bonds payable Required: a. 140.000 160.000 Q Search Sales Common Shares Retained earnings Cash Equipment, net Buildings, net Utilities, factory Selling expenses Maintenance, factory Prepare a budgeted income statement for the month of June 2023. Prepare a budgeted balance sheet as of June 30, 2023. IA # 56,000 240,000 400,000 16,000 60,000 28,000 FocuWorking Capital and Current Ratio Current assets and current liabilities for Konex Properties Company follow: 20Y9 20Υ8 Current assets $2,042,400 $1,759,500 Current liabilities 1,380,000 1,150,000 a. Determine the working capital and current ratio for 20Y9 and 20Y8. If required, round "current ratio" answers to two decimal places. 20Y9 20Υ8 Working capital Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable? Unfavorablev Feedbock Chock My Work a. Remember that current assets are compared to current liabilities to see if current obligations can be paid off with current resources. This is expressed by a dollar a b. Increases are considered favorable and decreases are considered unfavorable.