Answer:
The cash balance per books at April 31, 2013 is $28,200.
Explanation:
It is required to compute the Balance per bank on 30, April:
Balance per bank on 30 April = Balance per bank statement + Deposits - Disbursement
= $37,200 + $46,700 - $49,700
= $83,900 - $49,700
= $34,200
The Cash balance per books on April 30, 2013 is computed as:
Cash balance per books on April 30, 2013 = Balance per bank on 30 April - Cleared the outstanding checks
= $34,200 - $6,000
= $28,200.
Answer:
The answer is: A) a point in time in the past
Explanation:
A balance sheet is one the most important financial statements of an organization along with the income statement and statement of cash flows.
It reports an organization´s assets, liabilities and shareholders´ equity at an specific point in time.
The basic formula used in a balance sheet is:
Assets = Liabilities + Shareholders´ Equity
Answer:
a. Ratio of fixed assets to long-term liabilities
= <u>Fixed assets </u> x 100
Long-term liabilities
= <u>$3,200,000</u> x 100
$2,000,000
= 160%
b. Ratio of liabilities to shareholders' equity
= <u>Total liabilities</u> x 100
Shareholders' equity
= <u>$3,000,000</u> x 100
$5,000,000
= 60%
c. Asset turnover
= <u>Sales</u>
Total assets
= <u>$18,750,000</u>
$7,000,000
= 3 times
d. Return on total assets
= <u>Net income</u> x 100
Total assets
= $930,000 x 100
$7,000,000
= 13.29%
Explanation:
The ratio of fixed assets to long term liabilities equals fixed assets divided by long-term liabilities multiplied by 100.
Ratio of liabilities to stockholders' equity equals total liabilities divided by total stockholders' equity multiplied by 100. The total liability is equal to current liabilities plus long-term liabilities.
Asset turnover equals sales divided by total assets.
Return on total assets equals net income divided by total assets multiplied by 100.
Answer:
Tax Value = 107.5 - 100 = 7.5
i'm not sure about the last portion
Answer:
$6,500
Explanation:
Calculation for the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp
Based on the information given we were told that the Jazz's Corporation owns part of Williams Corp. stock which is 50% in which Williams Corp. stock distributed the amount of $10,000 dividend to Jazz Corporation which means that Jazz Corporation share in Williams stock is higher than 20% and as well lower than 80% based on this Jazz Corp.'s will be entitled to dividend received deduction of 65% calculated as:
Dividends received deduction =$10,000 × 65%
Dividends received deduction=$6,500
Therefore the amount of Jazz's dividends received deduction on the dividend it received from Williams Corp will be $6,500
