1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka [77]
3 years ago
5

Account Title Debits CreditsCash 83,000Investments 148,000Accounts receivable 79,000Inventories 219,000Prepaid insurance (for th

e next 9 months) 9,000Land 128,000Buildings 439,000Accumulated depreciation—buildings 119,000Equipment 129,000Accumulated depreciation—equipment 79,000Patents (net of amortization) 29,000Accounts payable 113,000Notes payable 187,000Interest payable 39,000Bonds Payable 259,000Common stock 357,000Retained earnings 110,000Totals 1,263,000 1,263,0001.The investment account includes an investment in common stock of another corporation of $49,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year.2.The land account includes land which cost $44,000 that the company has not used and is currently listed for sale.3.The cash account includes $34,000 restricted in a fund to pay bonds payable that mature in 2021 and $42,000 set aside in a three-month Treasury bill.The notes payable account consists of the following:a.a $49,000 note due in six months.b.a $69,000 note due in six years.c.a $69,000 note due in five annual installments of $13,800 each, with the next installment due February 15, 2019.5.The $79,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $6,000.6.The common stock account represents 119,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized.Required:Prepare a classified balance sheet for the Almway Corporation at December 31, 2018
Business
1 answer:
Ymorist [56]3 years ago
6 0

Answer:

Assets:

Cash                                 49,000

Investments                     99,000

Accounts receivable       79,000

Inventories                     219,000

Prepaid insurance             9,000

Land                          <u>       44,000   </u>

Total current                 499,000

Long term-investment 49,000

Restricted cash            34,000

Land                             84,000

Buildings                    439,000

Acc dep—buildings   (119,000)

Equipment                  129,000

Acc dep—equipment (79,000)

Patents (net)           <u>     29,000   </u>

Total non current      566‬,000

Total Assets                       1,065,000

Liabilities

Accounts payable      113,000

Notes payable            131,800

Interest payable          39,000

Current                                   283,800

Bonds Payable 259,000

Note payable     55,200

Non current:      314,200

Total Liabilities                      598,000  

Equity

Common stock     357,000

Retained earnings 110,000

Total equity                            467,000

Liabilities + Equity              1,065,000

Explanation:

When the asset are expected to convert into cash within 12 month are considered current else non-current.

When a liaiblity will mature within a year is considered current. Else, non-current or long-term

You might be interested in
The S&amp;P 500 Index is one of the most commonly used benchmark indices for the U.S. equity markets. Consisting of 500 companie
seropon [69]

Answer:

1. Based on my understanding of P/E ratios, in which of the following situations would the average trailing P/E ratio (current price divided by earnings per share over the previous 12 months) of the S&P 500 Index be higher?

Th e correct option is (<em>b). The outlook for the economy and the markets is for improvement. </em>

2. You invest $100,000 in 40 stocks, 20 bonds, and a certificate of deposit (CD). What kind of risk will you primarily be exposed to?  

Th e correct option is <em>(b). Portfolio risk   </em>

3. Generally, investors would prefer to invest in assets that have:  

a. A higher-than-average expected rate of return given the perceived risk

Explanation:

1. Based on my understanding of P/E ratios, in which of the following situations would the average trailing P/E ratio (current price divided by earnings per share over the previous 12 months) of the S&P 500 Index be higher?

Th e correct option is (<em>b). The outlook for the economy and the markets is for improvement. If the outlook of the economy and the market prospects of the stocks are for improvements, it then means that the Price Per Earning of the stock will be increasing, which is a positive economic trend.</em>

<em>Moreover, since we are talking about the average P/E it can be inferred that in the very long run, average of the S&P 500 Price to Earnings (PE) ratio (since 1900) is approximately 15.8, and the ratio since 1946 (the post-World War II period) is 17.3, so, it is fair to call a "normal" PE ratio about 16.5, which is relatively stable over the years. </em>

 2. You invest $100,000 in 40 stocks, 20 bonds, and a certificate of deposit (CD). What kind of risk will you primarily be exposed to?  

Th e correct option is <em>(b). Portfolio risk  is the chance that the combination of assets or units, within the investments that you own, fail to meet financial objectives. Each investment within a portfolio carries its own risk, with higher potential return typically meaning higher risk. It can be computed as  the risk of the  two-securities portfolio, first take the square of the weight of  40 Stocks ($100,000.00)  and multiply it by square of standard deviation of  the 40 stocks. Repeat the calculation for 20 Bonds and a Certificate of Deposit.</em>

<em></em>

3. Generally, investors would prefer to invest in assets that have:  

a. A higher-than-average expected rate of return given the perceived risk <em>Yes they will because a higher -than average expected rate of return will inform the investor the type of strategies to adopt to guarantee the expected earnings containing the risk. </em>

<em></em>

5 0
3 years ago
Lakeside Manufacturing provided the following information for the month ended March​ 31:Sales Revenue​$26,000Beginning Finished
solmaris [256]

Answer:

cost of goods available for sale= $29,100

Explanation:

Giving the following information:

Sales Revenue​$26,000

Beginning Finished Goods Inventory​8,000

Ending Finished Goods Inventory​13,500

Cost of Goods Manufactured​15,600

cost of goods available for sale= beginning finished goods inventory + purchases

We have to find the amount of purchases.

We know that:

cost of goods manufactured= Beginning Finished Goods Inventory​ + purchases - Ending Finished Goods Inventory​

15600= 8000 + purchases - 13500

purchases= 15600 - 8000 + 13500

purcases= 21,100

cost of goods available for sale= 8000 + 21100= $29,100

5 0
3 years ago
1. According to the speaker, what are two ways to describe the future of money?
dsp73

Answer:

Hello! Your answer would be, BELOW

Explanation:

1. .“All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with amendments as on other Bills.”

2. A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

3. Nakamoto. As of January 2018 , it is the most widely used alternative currency, now with the total market cap around 250 billion US dollars. Bitcoin has no central issuer; instead, the peer-to-peer network regulates bitcoins, transactions and issuance according to consensus in network software.

Hope I helped! Ask me anything if you have any questions. Brainiest plz!♥ Hope you make a 100%. Have a nice morning! -Amelia♥

7 0
3 years ago
Lorraine is the marketing manager at sibil furnishings. to promote the latest range of furniture, she decides to place ads in lo
zhannawk [14.2K]
Lorraine is involved in Media Planning. Media planning<span> basically involves </span> sourcing and selecting optimal media<span> platforms that would be leveraged on to best promote a product. In this case, Lorraine's job generally entails </span><span>determining the best combination of </span>media<span> to achieve the marketing campaign objectives of Sibil furnishings. Therefore she is involved in media planning.</span>
4 0
3 years ago
Clinton County maintains an investment trust fund for the investments of governments within its borders. All the investments had
faltersainse [42]

Answer:

Clinton County would report the investments of the other governments at fair value in the investment trust funds.

Explanation:

An <u>investment trust fund is set up to maintain and control assets</u> and is usually controlled and managed by a neutral trustee.

The neutral trustee holds and manages assets on behalf of a beneficiary.

Clinton Country <u>is the trustee in this case and would therefore, report investment of other governments and </u><u>not its own investments</u><u> at fair value</u>.

6 0
3 years ago
Other questions:
  • When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates
    14·1 answer
  • There are approximately 1 billion people living in India. It is estimated that only about 200 million of these people earn more
    11·1 answer
  • The median yearly counts of alligator attacks must be
    7·1 answer
  • Financial data for a company is provided below:Cash, end of year, $500,000Estimation of yearly cash expenses from negative cash
    10·1 answer
  • If the required reserve ratio is 2.50 percent, what is the monetary multiplier? if the monetary multiplier is 5, what is the req
    7·1 answer
  • Modern economic growth has caused?.<br>​
    10·1 answer
  • Summarize what is a mutual fund!
    11·1 answer
  • Given the following financial structure for Company S for all of 2016:
    11·1 answer
  • A building's owner pays a property manager in 81/2% commission based on the units annualized rent for each new tenant last year
    12·1 answer
  • Economic formulas are available to compute annual payments for loans. suppose that you borrow an amount of money p and agree to
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!