Ifa company issues common stock for $41100 and uses $29300 of the cash to purchase a truck, O assets will be increased by $41100. O equity will be reduced by $41100. O assets will be unchanged. O assets will be increased by $1189.
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- a. Know: Identify the three major financial statements. b. Understand: Company B has assets totaling $100,000, but liabilities of $70,000. Calculate Company B's owner's equity? c. Apply: In 2022, Company A had net sales of $465,000, cost of goods sold at $260,000, total operating expenses at 100,000 with taxes of 16,000. In 2022, Company B hadnet sales of 440,000, cost of goods sold at $247,000 total operating expenses at 40,000 with taxes of 12,000. Write three sentences or more in which you calculate and compare the bottom line of two companies.Thomas Company issues spok to new investors. $32.000. Required: What is the effect of this transaction on individual asset accounts, individual liability accounts, the Capital Stock account, and the Retained Earnings account? Check all that apply. Aa asset account ineases An aset ccou decases Alabilay account increases O A lahlity account decreases. Capital Stok increases. O Capital Sock decreases. Retained Earminggs increase ORetained Eamings decrease. Clear Undo Help Neat I dont knowThe following are extracts from an income statement of Al Noor Company for the year ended 31 December 2020: Sales revenue RO 10,000; Cost of sales RO 8,500; Salaries expense RO 300; Advertising expense RO 200; Depreciation expense RO 100; Insurance expense RO 150; Unrealized gain on investment securities RO 1,000. The comprehensive income is: a. RO (250) b. RO 750 c. RO 1,000 d. RO 1,750
- Please use the following information for the year ended 12/31/2021 for Clare & Co. International to answer the question Revenue COGS Selling Expenses Depreciation Net Income Long Term Assets Non-Cash Working Capital Long Term Debt O $119,000,000 O $118,000,000 O $98,000,000 What is Free Cashflow to Equity for 2021 O $340,680,000 $ 200,000,000 $ 60,000,000 $ 20,000,000 $ 10,000,000 $ 110,000,000 12/31/2021 $ 420,000,000 $ 6,000,000 $ 30,000,000 12/31/2020 $415,000,000 $ 5,000,000 $25,000,000Suppose Torche Corporation has the following revenue and expenses for 2022: Revenues of $9,100,000 Cost of Goods Sold of $2,730,000 Depreciation Expenses of $500,000 Income Taxes of $1,672,000 Interest Expenses of $180,000 Other Expenses of $600,000 Sales, General, & Administrative Expenses of $910,000 Create an income statement with amounts in thousands What is the value of Earnings Before Interest & Taxes?1. A company has a total liabilities of ₱65,000 and owner’s equity of ₱35,000. What is the percentage of equity to total assets? 2. The total owner’s equity for 2018 is ₱175,000 and for 2019 is ₱235,500, what is the percentage of increase or decrease of owner’s equity? 3. If the current assets are ₱75,000 and the total assets are ₱300,000, what is the percentage of noncurrent assets? 4. Long-term liabilities are ₱150,000 which is equivalent to 50% of the total liabilities, the owners equity is 40% of the total assets, how much would be the total assets? 5. The total sales this year is ₱1,200,000, which resulted from an increase in sales for 10%. How much was the sales for last year? 6. The total current asset is 45%, total liability is 60%, total equity is ₱300,000. How much is the total noncurrent assets? 7. The Gross Profit is 40%, total sales is ₱625,000. The company incurred an operating expense of 20%,…
- 38. The following Changes in Owner's Equtiy of an Entity took place for the period from January 1 to December 31, 2020: * Owner's Equity, Ending Owner's Equity, Beginning Increase in Owner's Equity p900,000 800,000 P100,000 The following were the operating results: Revenue P 90,000 Cost and Expenses 60,000 If withdrawal of P20,000 was in form of Cash, how much represents additional investment? O A. P60,000 О В. Р70,000 О С. Р80,000 О D. Р90,00037. A company with $60,000 in current assets and $35.000 in current liabilities pays a $1,000 current liability. As a result of this transaction, the current ratio and working capital will A) remain the same and decrease, respectively. B) both decrease. ) increase and remain the same, respectively. D) both increase.Below is Company A's balance sheet at the end of 2022. What is the gross profits of Company A? 2022 AmountNet sales$1,000.0Variable operating costs 770.0Fixed operating costs 50.0Depreciation and 50.0Interest30.0Taxes20.0Preferred dividends5.0Common dividends25.0 amortization Group of answer choices $130 $230 $180 $1,000
- For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %As of December 31, 2019, the capital of Sweet & Spicy Company are equal to two-thirds of the total assets. The creditor's equity is P1,200,000. In 2020, total assets decreased by P400,000 while total capital decreased to P2,000,000. As of December 31, 2019, total capital amounted to what?Calculate Total Net Assets(Total Assets) Extract of Balance sheet items as at 31 December 2020 OR Equipment 20000 Goodwill 4500 Creditors 1000 Land 35000 Account 3500 receivables Сapital 11500 Closing Stock 15000 3000 MC Loan Bank overdraft 3200 Cash 2500 Mortagage loan 7500 Machinery 1650 Trade payables 5700 Accumulated Depreciation (Equipment) 1000 Short term Investments 2200 Trade marks 6000 Drawings 1000 Retained Earnings 9150 Prepaid Expenses 2300
