Compute the missing amount in the accounting equation for each entity from the financial information presented: Liabilities Equity $ 33,000 37,000 ? 72,000 Love Drycleaners DJ Video Rentals Holly Maids Love Drycleaners DJ Video Rentals Holly Maids Assets $? 72,000 94,000 Assets 72,000 94,000 $ Liabilities $ 33,000 $ 72,000 42,000 ? Equity 37,000 42,000
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- Question 2 The following are financial statements of AR Sdn Bhd. AR Sdn Bhd Income Statement for the year ended 31/12/2015 RM RM RM Sales 18600 R/Inward (440) Net Sales 18160 COGS Opening stock Purchase 3776 11556 -R/Owards (355) 11201 +carriage inwards 234 11435 15211 -Closing stock COGS (4998) (10213) GROSS PROFIT 7947 Other income Interest Received 862 8809 (-) Expenses Carriage O/ward Motor expenses 326 664 Discount allowed 526 Rent 576 Sundry expenses Salaries & wages 1208 2447 (5747) 3062 Net Profit □ ㅇ |l>* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…Veltri Incorporated has the following assets and liabilities (assets are stated at net realizable value): Assets pledged with secured creditors Assets pledged with partially secured creditors Other assets Secured liabilities Partially secured liabilities Liabilities with priority Unsecured liabilities In a liquidation, how much money would be paid on the partially secured liabilities? Multiple Choice о о о о о $16,000 $53,500 $70,000 $86,000 $ 80,000 70,000 180,000 40,000 95,000 55,000 225,000 $95,000
- Question: Determine the missing amount from each of the expanded accounting equation below: Assets Liabilities Capital (Beg. Bal) Owner's Equity Drawings Profit/Loss 97,600 85,400 48,800 ? (24,400) Explain Please.Find out the missing value assets in an accounting equation if liabilities is OMR 320000 and capital is OMR 119000 Select one : O a . OMR 439000 assets O b . OMR 201000 assets O c . OMR 349000 assets O d . OMR 102000 assets Clear my choiceA moodle1.du.edu.om P Flag question Some selected financial statement items belonging to Mirbat Company are given in the table below. According to this information, which of the following is Receivables Turnover ratio? Average Receivables 15,000 Sales 77,000 Gross Profit 30,000 Non-current Assets 80,000 Sales returns 2,000 Shareholders' Equity 65,000 Select one: а. 3.33 O b. 0.20 c. 5.13 O d. 5 Previous page Next page II
- A Madison Makeup reported the following on its most recent financial statements (in 2! 3 Miscellaneous financial information 4 Total liabilities 5 Marketable securities 6 Net working capital 7 Short-term debt 8 Total current liabilities b9 Total revenue B 10 Total stockholders' equity 11 Current portion of LT debt bl 12 Operating net working capital 13 Long-term debt (in LT liabilities) 14 m 15 What did Madison Makeup report as long-term assets? 16 Amount 298,916 0 360,058 27,135 129,494 358,570 1,187,584 18,285 224,100 128,901C. Issued shares of preferred stock at par value. (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space). firstname Initial # of shares issued A, P, I, E, V C, O, R, Y K, Q, M, F S, W, G, Z D, T, L, U N, B, J, X, H Par Value 50% of authorised shares $ 100.00 40% of authorised shares $ 110.00 30% of authorised shares $ 125.00 25% of authorised shares $ 145.00 20% of authorised shares $ 168.00 10% of authorised shares $ 192.00 D. Exchanged shares of class A common stock for Office Furniture and Equipment with an appraised value of and Motor Truck with an appraised value of $ (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space). firstname Initial # of shares issued A, P, I, E, V C, O, R, Y K, Q, M, F S, W, G, Z D, T, L, U N, B, J, X, H Office Furniture Motor truck $ 4,000,000.00 $ 10,000,000.00 $ 4,000,000.00 $ 10,000,000.00 40% of authorised shares 50% of…what is Statement of Financial Position? prepare chart of accounts by completing the box below. Chart of Accounts Codes Account titles Account Type Statement of Financial Position/Statement of Comprehensive Income Cash Asset Prepaid Rent Asset Revenue Equity Account Codes: Assets 100-199 Liabilities 200-299 Equity 300-399 Revenues 400-499 Expenses 500-599
- engageNOWv2 | Online teachin x * CengageNOWv2| Online teachir x+ com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * G一 白 o A 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 $30,879 $42,300 Long-term debt 94,046 79,700 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 Long-term debt (Previous Next Check My Work 11:16 A 67°F Sunny A Ö E - 4 ) 12/3/20 delete horme 22 brt sc 211 49 HUT eck backspace 7\ [OAssume the following information is given:Income statementNet sales sh. 200,000Operating income 10,000 Balance sheetCurrent assets 95,000Total assets 150,000 Current liabilities 80,000Total liabilities 125,000Retained earnings 25,000 The market value of equity is sh. 300,000Required:Evaluate the credit worthiness of the borrower using Altman ZAccounting equation The total assets and total liabilities (in millions) of McDonalds Corporation (MCD) and Star-bucks Corporation (SBUX) follow: