Documents about Assets Current Assets

  • 7 Pages

    SRT510Exercise7

    CSU Fullerton, SRT 510

    Excerpt: ... SRT510 Business Case Studies Notes on Exercise 7 CT07 net income SE Sales assets current assets current liabilities inventory CT06 417.6 3093.9 8621.4 6742.7 3116.1 2109.6 756.7 CT05 354.6 2785.2 8269.1 5804.6 2541 1663.6 667.3 ROE 337.1 2511.1 7721.6 5955.6 2973.1 1821 675.5 Financial Current Quick Rat Lev Rat 0.421636779 2.37170961 1.477105 1.261724 0.479826345 2.08408732 1.52741 1.126292 0.458851795 2.17935292 1.477105 1.118411 Profit Margin Asset turnover 5 0.13424396 0.043656755 6 0.12731581 0.042882539 7 0.13497527 0.048437609 HD07 net income SE Sales assets current assets current liabilities inventory HD06 HD05 4395 5761 5838 17714 25030 26909 77349 79022 77019 44324 52263 44405 14674 18000 15169 12706 11731 12931 12822 12706 11401 Profit Asset Financial Current Quick Rat Margin turnover Lev Rat 5 0.216953 0.075799 0.60599 1.650191 1.193845 0.296553 6 0.230164 0.072904 0.478924 2.088014 1.392004 0.400433 7 0.248109 0.05682 0.399648 2.502202 1.154887 0.231623 ROE ...

  • 1 Pages

    8_25_Template

    University of Great Falls, MSM 503

    Excerpt: ... PROBLEM 8-25 TEMPLATE NOTE: The numbers in this solution are linked to the Solution to problem 8-24. This is intended to give students practice linking worksheets from different files. WGAMF Statement of Financial Position as of the End of the Fiscal Year Assets Current assets Cash Brochures Inventory Total current assets Long-term assets Investments Furniture Total long-term assets Total Assets Liabilities & Net Assets Liabilities Long-term liabilities Notes payable Total long-term liabilities Total Liabilities Net assets Unrestricted Temporarily restricted Permanently restricted Total net assets Liabilities and Net Assets ...

  • 2 Pages

    ch 5_Solutions

    Cornell, HA 230

    Excerpt: ... M5-2) 1-Annual report 2-From 10-K 3-Earnings press release M5-3) 1)B E5-2) P5-2) 1)B 1)C 12)Q 2)C 2)F 2)L 13)K 3)D 3)A 3)D 14)B 4)B 4)E 4)H 15)E 5)A 5)C 5)N 16)P 6)C 6)D 6)J 17)O 7)A 8)I 9)M 10)F 11)R 7)D 8)B 9)A 10)B P5-3) A) Gold Jewelers Balance Sheet December 31, 2008 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Total Current Assets Long-Term Investments Store Equipment (net) Total Assets Liabilities and Stockholders Equity Current Liabilities Accounts Payable Income Taxes Payable Total Current Liabilities Long-Term Liabilities Long-Term Notes Payable Total Long-Term Liabilities Total Liabilities Stockholders Equity Contributed Capital Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders Equity 42,000 51,300 110,000 800 204,100 26,000 31,400 261,500 42,000 8,000 50,000 29,000 29,000 79,000 96,000 86,500 182,500 261,500 B) The net book value of the store equipment is $31,400. This amount reflects the original amount paid for ...

  • 4 Pages

    Chapter 2 HW

    Vanderbilt, FNEC 140

    Excerpt: ... Exercise 2 - 3 Assets: January 1, 2006 Liabilities: January 1, 2006 Owners' equity: January 1, 2006 Assets: December 31, 2006 Liabilities: December 31, 2006 Owners' equity: December 31, 2006 Revenues in 2006 Expenses in 2006 $ X 360 280 80 380 320 60 80 100 Y $ 1,080 460 620 1,240 520 720 216 116 $ Z 230 80 150 310 90 220 400 330 Exercise 2 - 6 Simon Company Balance Sheet December 31, 2006 Assets Current assets : Cash Accounts receivable Supplies Total current assets Long-term assets: Land Buildings Total long-term assets Total assets Liabilities and Owners' Equity Liabilities: Accounts payable Mortgage payable Total Liabilities Owners' Equity Total Liabilities and owners' equity *Computations of Owners' Equity: Owners' Equity, January 1, 2006 Add net income for 2006 Less distribution to owners during 2006 Owners' equity, December 31, 2006 Problem 2 - 12 1. Revenues Expenses: Salaries expense Utilities expense Supplies expense Rent expense Other expenses Income before taxes Income Taxes Net income Earn ...

  • 6 Pages

    4

    McGill, MANG MGCR 352

    Excerpt: ... Kwanzu Coporation Balance Sheet As of December 31, 2007 Assets Current Assets : Cash 205,000 Accounts Recievable # Less: Allowance for Doubtful Accounts 25,000 490,000 Short-Term Investment 452,000 Inventory 687,000 Total Current Assets 1,834,000 Long Term Investments-available for sale 277,000 Land 260,000 Building # Less: Amortization-Building # 525,000 Equipment # Less: Amortization-Equipment 60,000 540,000 Total Properety, Plant & Equipment 1,602,000 Intangible Asset Total Assets Liabilities and Shareholder's Eqiuty Current Liabilities Accounts payable Short-term Notes Payable Accrued liabilities Total Current Liabilities Bonds Payable Long-term Notes Payable Total Liabilties 195,000 3,631,000 545,000 98,000 96,000 739,000 1,000,000 900,000 1,900,000 2,639,000 Shareholder's Equity Dividends Payable 136,000 Common Shares 809,000 Retained Earnings 218,000 Accumilated Other Copmrehensive Income 80,000 Total Shareholder's Equity 1,243,000 Total Liabilities and Shareholder's Equity 3,882,000 Nguye ...

  • 1 Pages

    663example5

    Uni. Westminster, FIN 663

    Excerpt: ... Cashflow Example Consider the following financial statements for a firm: Balance Sheet 2002 Assets Current Assets Cash AcctsReceivable Inventory Total Plant and Equipment Total Assets Liablilities Current Liabilities Accts Payable Notes Payable Total Long Term Debt Shareholders Equity Total Liabilities 50 60 110 440 1925 2475 Income Statement 2003 Revenue COGS Gross Profit Other cash expenses Depreciation EBIT Interest Taxable Income (EBT) Tax (@ 40%) Net Income (EAT) 1500 1000 500 200 100 200 50 150 60 90 75 60 135 440 1805 2380 25 90 60 175 2300 2475 10 50 20 80 2300 2380 2003 Determine the cash flow generated by this firm for the year 2003. ...

  • 1 Pages

    Book1

    Grand Valley State, ACC 212

    Excerpt: ... Payless Shoes Condensed Balance Sheets (adapted) December 31, 20X2 Assets Current Assets Cash and cash equivalents Short-term investments Trade receivables Prepaid expenses and other current assets Long-term investments Property, net Other assests Total assets Liabilities and Stockholder's equity Current Liabilities Notes payable and currentmaturities of long-term debt Accounts payable Income taxes payable Unearned revenues Other current liabilities Total current liabilites Long-term debt Other long-term liabilities Stockholders' equity Total liabilities and stockholders' equity Accounts receivable Sales revenue Credit sales a) Allowance for Uncollectible Accounts Doubtful Account expense b) Doubtful Accounts expense Uncollectible Accounts 600 1600 900 3000 137,000 950,000 600,000 ...

  • 8 Pages

    223_Hwk_2_Solutions

    Cornell, HA 230

    Excerpt: ... . Notes receivable (+A). Cash (A). 1,000 1,000 3,000 3,000 500 100 400 100 100 200 200 d. e. M29. Beg. (a) (b) Cash 1,000 1,000 100 (c) 3,000 100 (d) 200 (e) 4,600 Notes Payable 3,000 Beg. 1,000 (a) 400 (c) 4,400 M210. Burress Inc. Balance Sheet At January 31, 2008 Assets Current assets : Cash Notes receivable Total current assets Equipment Total Assets Liabilities Current liabilities: Notes payable Total current liabilities Stockholders Equity Contributed capital Retained earnings Total stockholders equity Total Liabilities & Stockholders Equity Notes Receivable Beg. 1,000 (e) 200 1,200 Contributed Capital 5,500 Beg. 3,000 (b) 8,500 Equipment Beg. 16,300 (c) 500 16,800 Retained Earnings 9,800 Beg. (d) 100 9,700 $ 4,600 1,200 5,800 16,800 $22,600 $ 4,400 4,400 8,500 9,700 18,200 $22,600 E24. Assets a. Cash b. Cash c. Land Cash d. No ...

  • 12 Pages

    2300chapter2student

    Texas Tech, WEBPAGES 2300

    Excerpt: ... 0 $ 73,600 5 Dixon-Statement of Retained Earnings (p. 72) For the year ended December 31, 2008 Retained earnings, January 1, 2008 Add: net income, 2008 Less: dividends declared in 2008 Retained earnings, December 31, 2008 $271,500 41,000 (25,000) $ 287,500 Note that ending retained earnings is carried to the balance sheet, in the stockholders' section 6 Dixon-Classified B/S (p. 64) At December 31, 2008 ASSETS Current assets Cash Marketable securities Accounts receivable Merchandise inventory Prepaid insurance Supplies Total current assets Investments Land held for future expansion Property, plant, and equipment Land Buildings Less: Accumulated depreciation Store furniture and fixtures Less: Accumulated depreciation Total property, plant and equipment Intangible assets Franchise agreement Total assets $ 5,000 11,000 23,000 73,500 4,800 700 $118,000 150,000 $150,000 (60,000) $ 42,000 (12,600) $100,000 90,000 29,400 219,400 55,000 $542,400 7 Dixon-Classified B/S (p. 64) At December 31, 2008 LIABILIT ...

  • 5 Pages

    223_Hwk_5_Solutions

    Cornell, HA 230

    Excerpt: ... ly containing summary income statement and balance sheet (unaudited). Annual report filed by public companies with the SEC that contains additional detailed financial information. Quarterly report filed by public companies with the SEC that contains additional unaudited financial information. Report of special events (e.g., auditor changes, mergers) filed by public companies with the SEC. P5-2. G L D H N J A I M F (1) Retained earnings (2) Current liabilities (3) Liquidity (4) Contra-asset account (5) Accumulated depreciation (6) Intangible assets (7) Other assets (8) Shares outstanding (9) Normal operating cycle (10) Book value B Q P C E K O (11) Capital in excess of par (12) Liabilities (13) Fixed assets (14) Shareholders' equity (15) Current assets (16) Assets (17) Long-term liabilities P5-3. Req. 1 GOLD JEWELERS Balance Sheet December 31, 2008 Assets Current Assets Cash. Accounts receivable. ...

  • 4 Pages

    E5-5.1

    University of Phoenix, ACC 349

    Excerpt: ... UHURA COMPANY BALANCE SHEET FOR THE YEAR ENDING DEC. 31, 2004 ASSETS Current Assets Cash (net of bank overdraft of 30,000) Accounts Receivable (net) Doubful Accounts Inventory at lower of average cost or market Trading Securities-at cost (fair value of 120,000) Total Current Assets Property, Plant, and Equipment Building Office Equipment Land held for future use $230,000 340000 17000 323000 401000 140000 $1,094,000 570000 160000 175000 905000 Intangible Assets Goodwill Cash surrender value o future life insrance Pre-paid expenses 80000 90000 12000 182000 2,181,000 LIABILITIES AND STOCKHOLDERS EQUITY Current liabilities Accounts Payable Notes Payable Pension obligations Rents payable 135000 125000 82000 49000 391000 Premium on bonds payable Long Term Liabilities Bonds Payable Stockholder's Equity Common Stock, $1.00par authorized 400,000 shares isued 290,000 Additional Paid-in capital 53000 444000 414000 500000 500000 290000 160000 450000 Retained Earnings Total Stockholders' Equity Total Liabilit ...

  • 20 Pages

    ACC301-sol-ch03

    St. Leo, ACC 301

    Excerpt: ... economic benefit from the crater is low. Not a liability. There was a liability, but since the payment was made, no further future sacrifice of assets will be required. Liability. Pauli is obligated to deliver services in the future as a result of events (receipt of the advertising) that have already occurred. (c) (d) (e) Liability. It is probable that Pauli will have to sacrifice assets in the future (new carpets) as a result of events that have already occurred (past sales of guaranteed carpets). Not a liability. Although it is probable that Pauli will have to make payments in the future, the events necessitating those payments have not yet occurred. Not a liability for the same reasons in (d). 326. Balance Sheet Assets Current assets : Cash Investment securities (trading) Accounts receivable Less allowance for bad debts Interest receivable Inventory Prepaid insurance Total current assets Investments: Investment in subsidiary Net pension asset Total investments Property, plant, and equipment: Land B ...

  • 1 Pages

    tut_15i

    Penn State, MJD 211

    Excerpt: ... Accounting Financial Statements Classified Balance Sheet Initial Data Accumulated depreciation Retained earnings Notes payable (Current portion) Notes payable Cash Inventory Accounts receivable Wages payable Salaries payable Preferred stock Paid in capital - preferred Common stock Paid in capital - common Dividends payable Supplies Prepaid insurance Land Buildings and equipment Accounts payable Income taxes payable Accrued expenses payable Assets Current assets Cash $Less accumulated depreciation $Equity Preferred stock Common stock $Correct Not correct Correct Correct Correct Not correct Correct Titles/Listings Correct Not correct Not correct Correct Correct Supplies Prepaid insurance Long term assets Not correct Not correct Correct Total assets Current liabilities Wages payable Accounts payable Accrued expenses payable Income taxes payable Notes payable (current portion) Long term liabilities Not correct Correct Not correct Correct Not correct Not correct Working capital = Curre ...

  • 1 Pages

    Glenwood Springs 1999 Balance

    Wake Forest, BUS 100

    Excerpt: ... GLENWOOD SPRINGS CHAMBER RESORT ASSOC. 1999 BALANCE SHEET ASSETS CURRENT ASSETS CASH OPERATING 1032.52 SAVINGS ACCOUNT 5565.61 ACCOUNTS RECEIVABLE - CITY 135.1 TOTAL CURRENT ASSETS FIXED ASSETS PROPERTY & EQUIPMENT 16966 PROPERTY & EQUIP - PRIOR BAL 2427.66 3 BUILDING 60000 ACCUM. DEPR. - REPLACEMENT -2400 ACCUM. DEPR. - PROP & EQUIP-31738.46 TOTAL FIXED ASSETS TOTAL ASSETS LIABILITIES & CAPITAL LIABILITIES CURRENT LIABILITIES MEDICARE TAX W/H FICA FEDERAL WITHHOLDING COLORADO TAX WITHHOLDING INSURANCE DEDUCT WAGE GARNISHMENT CASH ADVANCE TOTAL CURRENT LIABILITIES LONG TERM LIABILITIES NOTE PAYABLE - BUILDING NOTE PAYABLE - COMPUTER NOTE PAYABLE - PHONE TOTAL LONG TERM LIABILITIES CAPITAL RETAINED EARNINGS NET INCOME/LOSS TOTAL CAPITAL TOTAL LIABILITIES AND CAPITAL 11160.19 5712.02 53461.87 72.44 5677.68 392.97 1570.92 1287.34 1429.24 1463.76 10 -250 ...

  • 2 Pages

    NotesCh7

    Cal Poly, ACTG 212

    Excerpt: ... Chapter 7 Balance Sheet summary questions 1, 2, 3, 5 & 6 Budget Benchmarks Inventory, Accounts Receivable, Accounts Payable Balance Sheet report form .Left Right Classified Balance Sheet Assets Liabilities Owners Equity Assets Current Assets Cash Marketable Securities Receivables Accounts Receivable Notes Receivable Inventory Prepaid Land Buildings Equipment <Accumulated Depreciation> Accounts Payable Salaries Payable Notes Payable Unearned _ Long Term Investments Property, Plant and Equipment Liabilities Current Liabilities Non Current Liabilities Owners Equity Liquidity Working Capital CR Quick Debt Return on Total Assets Return on Owners Equity Cash + ST mrkt sec + AR + Note Rec. Liabilities/Assets (NI + Interest Exp.) / (Average Total Assets) NI / Avg. Owners Equity Flexibility Profitability Operating Capability Inventory Turnover # of Days to Sell or Days in Inventory COGS / Avg. Inventory 365 / Inventory Turnover or 30 / Inventory Turnover Avg. Inventory / (COGS / 30 days) Inventor ...

  • 3 Pages

    Opt_Prob_Solutions_chap_5_Solutions

    Cornell, HA 230

    Excerpt: ... . AP5-3. (continued) (b) ACME SALES Balance Sheet August 31, 2008 Assets Current Assets : Cash. Accounts receivable. Supplies inventory. Total current assets. Noncurrent Assets: Service vehicles. $60,000 Less accumulated depreciation. 20,000 Equipment. 14,000 Less accumulated depreciation. 4,000 Total noncurrent assets. Total assets. Liabilities Current Liabilities: Accounts payable. Income taxes payable. Salaries payable. ...

  • 1 Pages

    Sample Balance sheet

    Oregon State, BA 215

    Excerpt: ... Sample Balance sheet to illustrate the classified balance sheet format, and some typical accounts Franklin Corporation Balance Sheet October 31, 2005 Assets Current assets Cash Short-term investments Accounts receivable Inventories Supplies Prepaid insurance Total current assets Long-term investments Investment in stock of Walters Corp. Investment in real estate Property, plant, and equipment Land Office equipment $24,000 Less: Accumulated depreciation 5,000 Intangible assets Patents Total assets $6,600 2,000 7,000 4,000 2,100 400 $22,100 5,200 2,000 10,000 19,000 29,000 3,100 $61,400 7,200 Liabilities and Stockholders' Equity Current liabilities Notes payable Accounts payable Salaries payable Unearned revenue Interest payable Total current liabilities Long-term liabilities Mortgage payable Notes payable Total long-term liabilities Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity $11,000 2,100 1,600 900 450 $16,050 10,000 1,300 11,300 27,350 14,000 20,050 3 ...

  • 1 Pages

    ime midterm cheat sheet1

    Cal Poly, IME 239

    Excerpt: ... Kirk Flores Balance Sheet For Period Ending December 31, 2006 Assets Current Assets Cash Accounts Receivable Inventory (10 packages at $20 each) Total Current Assets Office Equipment Accumulated Depreciation Net Equipment Other long Term Assets Total Long Term assets Total Assets Liabilities Current Liabilities Account Payable Short Tem Notes Total Current Liabilities Long Term Debt Total Liabilities Equity Invested Capital Retained Earnings Total Equity Total Liabilities and Equity 1000 800 200 2000 1500 (250) 1250 50 1300 3300 500 200 700 2000 2700 300 300 600 3300 A. (10 points) During the Month of January 2007 the following transactions occurred. Record these transactions on Taccounts. 1) Purchased a computer for use in the business costing $1500 with a long term loan. 2) Sold one software package for $100 cash 3) Billed a client for $600 for consulting work completed 4) Received $350 payment from a client for consulting work previously done. 5) Paid the assistant's salary of $1500 cash. 6) Purchased 5 ...

  • 3 Pages

    MBAM3-16

    Glasgow Caledonian University, MBA BUS511

    Excerpt: ... M3-16 Buck Up!, Inc. Income Statement Year Ended December 31, 2008 Revenues: Horse-breaking revenue Rodeo lesson revenue Total revenues Expenses: Wages expense Depreciation expense Maintenance expense Other expenses Total expenses Net income $25,200 10,500 35,700 3,000 900 410 270 4,580 $ 31,120 Buck Up!, Inc. Statement of Retained Earnings Year Ended December 31, 2008 Retained earnings, Jan. 1, 2008 Add: Net income Subtract: Dividends Retained earnings, Dec. 31, 2008 $ 14,500 31,120 (3,500) $ 42,120 M3-16 (continued) Buck Up!, Inc. Balance Sheet As of December 31, 2008 Assets Current assets Cash Accounts receivable Prepaid insurance Total current assets Equipment $66,000 Less Accumulated depreciation (1,400) Land Total Assets Liabilities Current liabilities Accounts payable Unearned revenues Total current liabilities Long-term notes payable Total Liabilities Stockholders' Equity Contributed capital Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ ...

  • 1 Pages

    P5-3 Answer

    University of Phoenix, ACC 363

    Excerpt: ... Side Kicks Company Balance Sheet December 31, 2007 Assets Current Assets : Cash Accounts Receivable Less: Allowance for Doubtful Accounts Inventory - At LIFO Cost Prepaid Insurance Total Current Assets Long-term Investments Investments in Stocks & Bonds, of which Investments Costing $120,000 have been pledged as security of notes payable - at fair value $41,000 $163,500 8,700 154,800 308,500 5,900 510,200 339,000 85,000 124,000 Property Plant & Equipment Land Building in Process Equipment 400,000 Less: Accumulated Depreciation 140,000 Equipment- Net Intangible Assets Patent - At Cost less Amortization Total Non- Current Assets Total Assets Liabilities & Stockholders' Equity Current Liabilities Bank Loans Payable - secured by $120,000 Investmenst $94,000 Accounts Payable 148,000 Accrued Expenses 49,200 Total Current Liabilities Long-term Liabilities Bonds Payable (8%) 400,000 Less: Unamortized Discount on Bonds Payable 20,000 Total Liabilities Stockholders' Equity Common Stock (600,000 shares authorized, 500, ...