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3 years ago

Zwilling Corporation’s comparative balance sheet for current assets and liabilities was as follows:

Business

1 answer:

gayaneshka [121]3 years ago

5 0

Answer: $202,700

Explanation:

Given that,

Dec. 31, Year 2 Dec. 31, Year 1

Accounts receivable $27,830 $33,340

Inventory $18,140 $15,290

Accounts payable $15,680 $13,780

Dividends payable $49,220 $52,490

Adjust net income = $198,140

Net cash flow from operating activities:

= Net income + Decrease in Accounts receivable - Increase in inventory + Increase in accounts payable

= $198,140 + $5,510 - $2,850 + $1,900

= $202,700

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This information relates to Monty Real Estate Agency.

kotykmax [81]

Answer:

Journal Entries

Date Account Titles and Explanation Debit Credit

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Oct. 3 Office Furniture $4,110

Accounts Payable $4,110

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Oct. 6 Accounts Receivable $10,780

Service Revenue $10,780

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Cash $690

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3 years ago

Is a notary public required to purchase an error and ommission policy

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Answer - Keep in mind a notary errors and omissions insurance policy is a must-have coverage if you are a notary. According to state laws, the notary public has unlimited financial liability if he or she causes the public harm as a result of an error or omission.

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4 years ago

if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la

dimaraw [331]

Robert M. McMath, would be best for a marketer like Colgate to launch a new consumer product like toothpaste Study past toothpaste product failures and learn from them.

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1 year ago

You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances:

goldenfox [79]

Answer:

Explanation:

Current Assets are those asset which will be liquidated within next one year.

cash and marketable securities $360,000

accounts receivable $1,280,000

inventory $2,180,000

Total Current Assets $3,820,000

Current Liabilities are those which is payable within next one year.

accrued wages and taxes $540,000

accounts payable $840,000

notes payable $680,000

Total Current Liabilities $2,060,000

Current ratio measures the capability of a business to pay the current liabilities if it becomes due.

Current Ratio = Current Assets / Current Liabilities = $3,820,000 / $2,060,000 = 1.85 times

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3 years ago

Owens Corning has total assets of $800,000, long-term debt of $240,000, stockholders' equity of $350,000, and current liabilitie

Artyom0805 [142]

Answer:

$50,800

Explanation:

Increase in assets = Current Assets * Percentage change in sales = $800,000 * 20% = $160,000

Increase in current liabilities = Current liabilities * Percentage change in sales = $210,000 * 20% = $42,000

Increase in retaned earning = Increased sales*Profit Margin*Retention ratio = $1,000,000*120%*8%*(1-0.30) = $67,200

External financing need = Increase in Assets - Increase in liabilities - Increase in retained earning

External financing need = $160,000 - $42,000 - $67,200

External financing need = $50,800

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3 years ago