ACC 345 - Module 7- Business Valuation - Project

#8Aaron Moses Company prepared the tabulation below at December 31, 2020.Net Income ............................................................................................................ $500,000Adjustments to reconcile net income to net cash provided by operating activities:Depreciation expense, $63,000 ..................................................................... ______Decrease in accounts receivable, $50,000 .................................................... ______Increase in inventory, $23,000 ....................................................................... ______Increase in accounts payable, $15,300 ......................................................... ______Increase in interest receivable, $7,000 .......................................................... ______Increase in supplies, $6,000 .......................................................................... ______Decrease in income taxes payable, $7,500…

For Year Ended December 31 Year 8 Year 7 Year 6 From income statement Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 333 $ 291 $ 496 Bad debt expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105 81 65 Operating revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,719 3,534 3,074 December 31 Year 8 Year 7 From balance sheet Accounts receivable, net of allowance for doubtful accounts (Year 8, $212; Year 7, $183) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $951 $972 Bad debt expense on accounts receivable is substantial in relation to earnings. Assume a corporate tax rate of 40%. Information on accounts receivable written off and recoveries of accounts receivable previously written off was not available from the annual reports. Required a. What effect…

Twenty Twenty One Corp.Income StatementFor the month ended December 31, 2020Sales (P10/unit) ...................................................................................................... P900,000Variable Costs:Variable Cost of Goods Sold:Beginning Inventory ............................................................. P125,000Variable Cost of Goods Manufactured ............................... 400,000----------------Total Goods Available for Sale ........................................... 525,000Ending Inventory ................................................................. 75,000----------------Variable Cost of Goods Sold .............................................. 450,000Variable Selling Expense ....................................................... 90,000 540,000----------------- -------------------Contribution Margin ................................................................................................ P360,000Fixed Costs:Manufacturing…

Twenty Twenty One Corp.Income StatementFor the month ended December 31, 2020Sales (P10/unit) ...................................................................................................... P900,000Variable Costs:Variable Cost of Goods Sold:Beginning Inventory ............................................................. P125,000Variable Cost of Goods Manufactured ............................... 400,000----------------Total Goods Available for Sale ........................................... 525,000Ending Inventory ................................................................. 75,000----------------Variable Cost of Goods Sold .............................................. 450,000Variable Selling Expense ....................................................... 90,000 540,000----------------- -------------------Contribution Margin ................................................................................................ P360,000Fixed Costs:Manufacturing…

D2L Ô https://elearn.mtsu.edu/d2l/lms/quizzing/us... A ✩ C D21 Quizzes - Spring 2024 Personal Financial Planning (FIN-2010-D01, ECON-2110-D01) - Middle Tennessee St... 中 X 庙 Unit 6 Homework: Retirement & Estate Pla... 0:07:14 elapsed ✓ + A Question 11 (0.15 points) Retake question You as a young worker decide to use money in your traditional IRA account to pay for an unexpected $8250 expense. If your withdrawal faces a 10% early withdrawal penalty and you pay a marginal tax rate of 20%, how much must you take out of your account in order to pay the expense, the penalty, and the taxes on your withdrawal? Your Answer: Answer Hide hint for Question 11 The total amount you need to withdraw (X) must be the number such that when the penalty and taxes combined, you are

1-What will be the net income? a. 72000 b. 56000 c. 16000 d. 338000 Clear my choice Question 43 Not yet answered Marked out of 1.00 Flag question Question text What will be the Gross Profit at the end of the year December 2019 a. OMR 56000 b. OMR 16000 c. OMR 338,000 d. OMR 336,000 2-What is the Gross Margin in terms of Percentage? a. 16.66 b. 16.56 c. Cannot be determined d. 20.66 3-What will be the total operating expense? a. 21500 b. 53200 c. 41200 d. 19700 4-What will be the total Selling and distribution expense? a. 41200 b. 19700 c. 14800 d. 17200

3 Revenue ($000)Latin America division............................... $ 75,000Total Global Electronics revenue..................... $600,000Fixed corporate costs ($000)......................... $ 18,000Variable cost as a percentage of revenue.............2.5% a. Fixed corporate costs are allocated on the basis of relative revenue. What is the target corporate cost for the Latin America division? b. Suppose that actual Latin America division revenues next year are $80 million, actual corporate revenues are $800 million, and actual corporate costs are $35,000 million. Compare the corporate costs that would have been allocated under the old method at Global Electronics and under the dual rate method.

Question 3. Purchased computers with a cost of $45,000; $22,000 was paid; the balance is due and is expected to be paid the end of the first quarter of the next fiscal year.  Expenditures—Capital Outlay...............................................................                                            Cash................................................................................                                                                    Vouchers Payable.............................................................                                                             To record purchase of computers.

AY PARK CORPORATION   Comparative Balance Sheet                                                                                     Dec. 31, 2021 Dec. 31, 2020   Assets   Cash.................................................................... $ 23,000.................................................................. $ 12,000   Accounts receivable.............................................. 18,000.......................................................... 14,000   Prepaid expenses................................................. 6,000............................................................ 9,000   Inventory.............................................................. 27,000.......................................................... 18,000   Long-term investment in bonds............................. -0- .................................................................... 18,000   Equipment............................................................…

lenovo Assignment 3A S1 202 X ownloads/ACCT1002%20Assignment%203A%20S1%202021-%202022%20(1).pdf lagiarism Checker... S https://www.citethi... e (1).pdf 1 Q 回|+%00L ACCT1002 Introduction to Financial Accounting E. Earned Net income $ (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space) firstname Initial Net Income A, P, I, E, V C, O, R, Y K, Q, M, F S, W, G, Z 24 24 %$4 2,000,000.00 %$4 $4 1,400,000.00 1,450,000.00 1,500,000.00 N, B, J, X, H 24 F. Declared interim dividends for preferred shareholders as well as $.80 per share to common stockholders. Using the info above and as a guide: A. Prepare the journal entries with narrations to record the following: The issuances of stock. Close out net income to retained earnings. Dividend declared. Close out dividend to retained earnings. 10:25 AM 11/10/2021 10.162.156.242 FOWER 29232 USB TCPAP NO TX AX LNK TX AX LNK ACT LNK F5 F7 Print F4 F10 F11

%24 2 Project: Company Accour X DZL. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x Cengage Learning +| x ow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator3&inprogress%3Dfalse eBook Show Me How Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $40,964 $41,800 Long-term debt 45,594 44,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable Decrease Increase Long-term debt Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages. Previous Check My Work 3:12 PM dp SU prt sc 144 114

Q#1 - The accrued interest is   $ ……………………………………. .   Q#2 - The total invoice price is $ …………………………………… .

lon Sep 28 © 49% AA v2.cengagenow.com My Home My Home X CengageNOWv2 | Online teaching... HMWK Working Capital and Current Ratio Current assets and current liabilities for Sandstone Company follow: 20Υ9 20Y8 ALGO Current assets $2,133,800 $1,613,300 Current liabilities 940,000 730,000 ALGO 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 $4 Current ratio b. Is the change in the current ratio from 20Y8 to 20Y9 favorable or unfavorable? Favorable Feedback ALGO Check My Work ALGO 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 amount and by a ratio. LGO LGO b. Increases are considered favorable and decreases are considered unfavorable. LGO LGO %24

Opline Test Window- Google Chrome tests.mettl.com/test-window/f55ac827%#/testWindow/0/21/1 EY Accounting Assessment 0 Total 00:54:18 Finish Test Section 1 of 1 Section #1 v 15 16 17 18 19 20 21 22 24 23 25 22 of 45 All 2 43 Question # 22 Revisit Choose the best option Suppose that an entity has paid one of its liabilities twice during the year, in error The effects of this O Assets, liabilities, and equity are understated. mistake would be O Assets, net income, and equity are unaffected. O Assets and liabilities are understated. O Assets and net profit and equity are understated, and liabilities are overstated. Next Question Prev Question -91-82878-03040 Zaineh Support +1-650-924-9221 4:14 PM metti 1/16/2021

education.wiley.com Ch 1: Ho... WP NWP AS... С Maria Q.. b Search.. The Acc... Cengag... financia... WileyPL... financia... BB Financi.. Accoun... X - Cha... e Ch 1: Homework Question 4 of 5 - / 20 View Policies Current Attempt in Progress Van Occupanther is the bookkeeper for Roscoe Company. Van has been trying to get the balance sheet of Roscoe Company to balance. Roscoe's balance sheet is as follows. ROSCOE COMPANY Balance Sheet December 31, 2022 Assets Liabilities Cash $ 9,400 Accounts payable $25,000 Supplies 7,100 Accounts receivable (19,500) Equipment 45,000 Common stock 40,000 Dividends 9,200 Retained earnings 25,200 Total assets $70,700 Total liabilities and stockholders' equity $70,700 Prepare a correct balance sheet. (List Assets in order of liquidity.) ROSCOE COMPANY Balance Sheet 田 II

Q.1         Following information relates to the Snowball Manufacturing Company:                 Direct materials…………………………………………….      $25,000                 Indirect materials…………………………………………..         5,000                 Direct labor…………………………………………………           30,000                 Indirect labor………………………………………………..          4,500                 Factory overhead (excluding indirect materials and indirect labor) 15,000                 Plant cost                                                                                                               500,000 Required: Compute the prime costs, conversion costs, and product costs?   Q.2.        Allure Company produces women’s clothing. During 2004, the company incurred the following costs: Factory rent    265,000 Direct labor    325,000 Utilities-Factory      88,000 Purchases of direct materials    465,000 Indirect materials      70,000 Indirect labors      35,000…

1. MC.14.81.ALGO 2. MC.14.96.ALGO 3. MC.11.69.ALGO 4. MC.11.112.ALGO 5. MC.15.86.ALGO 6. MC.15.125 7. MC.16.71.ALGO 8. MC.16.86.ALGO 9. MC.17.87.ALGO 10. MC.17.129 11. MC.18.58.ALGO 12. MC.18.45.ALGO 13. MC.20.81.ALGO Mocha Company manufactures a single product by a continuous process, involving three production departments. The records. indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000, respectively. Department 2 has transferred-in costs of $390,000 for the current period. In addition, work in process at the beginning of the period for Department 2 totaled $75,000, and work in process at the end of the period totaled $90,000. The journal entry to record the flow of costs into Department 3 during the period is Oa. Work in Process-Department 3…

HRM ASSIGNMENT- MBA I| SEM POF Entrepreneurship_MBA II Sem.pd x PDE Financial Management - MBA II X + O File | C:/Users/ANIKET%20PATWA/Downloads/Financial%20Management%20-%20MBA%2011%20Sem%20.pdf (D Page view A Read aloud V Draw y Highlight 2 of 2 Erase 5. A company is expecting EBIT of Rs. 5,00,000 per annum on investment of Rs. 10,00,000. Company is in need of Rs. 8,00,000 for its expansion activities. Company can raise this amount by either equity shares capital or 12% preference share capital or 10% debentures. The company is considering the following financing patterns: a. 10,00,000 through issue of Equity Shares at par; b. 5,00,000 by issue of Equity Share Capital and remaining 5,00,000 by issue of Debentures; c. 5,00,000 through Equity Shares and 2,50,000 through 12% Preference Share Capital and remaining 2,50,000 through 10% Debentures.; d. 5,00,000 through Debt and 2,50,000 through Equity Shares and remaining 2,50,000 through 12% Preference Share Capital. Find out the best…

Record each of these transactions 1 Cash………………………………………. 300,000             Capital Stock……………………………………………             300,000     Issued capital stock at $60 per share  4 Diagnostic Equipment……………………250,000             Cash…………………………………………………                100,000             Notes Payable………………………………………                 150,000   Purchased equipment, paying part in cash and signing a note payable for the balance 12 Account Payable…………….......6,000             Cash………………………………….                              $6,000 Paid account payable to Zeller Laboratories 19 surgical supplies……………………4,000             Accounts Payable………………………                   $     4,000 25 Cash…………………..80,000             Accounts Retrievable……………………..                  80,000 30 Dividends……………$50,000             Cash……………..                                                    500,000                                 ADDITIONAL REQUIREMENT FOR 3.2 Posting of transaction from General Journal to T-Accounts Prepare trial…

Balance Sheet         Assets     Liabilities   Current Assets     Current Liabilities   Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53   Accounts payable. . . . . . . . . . . . . . . . . . . 36 Accounts receivable. . . . . . . . . . . . . . . . . . 25   Notes payable/short term debt. . . . . . . . . . 5 Inventories. . . . . . . . . . . . . . . . . . . . . . . . . 15   Total current liabilities. . . . . . . . . . . . . . . . 41 Total current assets. . . . . . . . . . . . . . . . . . . 93                 Long-Term Assets     Long-Term Liabilities   Net property, plant, and equipment. . . . . . . . 117   Long-term debt. . . . . . . . . . . . . . . . . . . . . 138 Total long-term assets. . . . . . . . . . . . . . . . . 117   Total long-term liabilities. . . . . . . . . . . . . . 138                 Total liabilities. . . . . . . . . . . . . . . . . . . . 179…

Assignments: 202 × M Question 11 - Fina X b Success Confirma X MONK Art Beyond the CI... M Question Mode: M... Final: Part 2 (Problems) i 00:57:08 Mc Graw Hill ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmgh... Unit A QS 26-17 (Algo) X Unit B Totals Acct: chapter 4 (C... M Question Mode: Fi... Rental value 11 A company purchases a 6,552-square-foot building for $375,000. The building has two separate rental units. Unit A, which has the desirable location on the corner and contains 1,872 square feet, will be rented for $2.50 per square foot. Unit B contains 4,680 square feet and will be rented for $1.50 per square foot. How much of the joint cost should be allocated to Unit A and to Unit B using the value basis of allocation? Percent of rental value Numerator Denominator % of Mkt Value Answered: At the X 0.00% Prev Saved Joint Cost 洛杉矶华人资讯网× 11 of 13 Allocated cost 洛杉矶华人资讯网× Next > Help Financial literacy X…

pt. 16 i Gross sales Sales returns and allowances Net sales Cost of merchandise (goods) sold Gross profit Operating expenses: Depreciation Selling and administrative Research LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2022 and 2023 Miscellaneous Total operating expenses Income before interest and taxes Interest expense Income before taxes Provision for taxes Net income $ $ $ $ GAGA $ $ $ $ 2023 19,000 $ 1,000 18,000 $ 12,000 6,000 $ 700 $ 2,200 550 360 LA LA 3,810 $ 2,190 $ 560 1,630 640 990 $ $ 2022 15,000 100 14,900 9,000 5,900 600 2,000 500 300 3,400 2,500 500 2,000 800 1,200 Increase (Decrease) Amount Percent

TRIAL balance dated Dec 31, 2019 MUSIC-IS-US, INCTRIAL BALANCEDECEMBER 31, 2018 cash …………………………………………………. $         45,000Marketable securities………………………….          25,000                                      Accounts receivable……………………………        125,000Allowance for doubtful accounts…………                                 $5,000Merchandise inventory………………………..       250,000Office supplies...................................................         1,200Prepaid insurance……………………………………       6,600    Building and fixtures……………………………     1,791,000                      Accumulated depreciation……………………….                               800,000 Land…………………………………………………...           64,800Accounts payable……………………………………                                 70,000Unearned customer deposits……………………                                 8,000Income taxes payable……………………………….                                75,000Capital stock………………………………………….                               1,000,000Retained…