Tình hình kinh tế và triển vọng phát triển của việt nam

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, ne

weqwewe [10]

Answer:

1a. Current ratio = Current assets / Current Liabilities

Current year = $224,517 / $120168 = 1.88 : 1

1 years ago = $175,652 / $70,310 = 2.50 : 1

2 years ago =$134,088 / $44,840 = 2.99 : 1

1b. The Current ratio worse over three years period

2a. Acid test ratio = (Cash + Investment + Account Receivables) / Current liabilities

Current year = ($29,328 + $0 + $83,351) / $120,168 = 0.94 : 1

1 year ago = ($32,285 + $0 + $57,663) / $70,310 = 1.28 : 1

2 year ago = ($34,323 + $0 + $45,764) / $44,840 = 1.79 : 1

2b. The Acid test ratio are worse over three years period

8 0

2 years ago

In September 2019, the budget committee of Jason Company assembles the following data: 1. Expected Sales October $1,800,000 Nove

Sliva [168]

Answer:

$1,068,000

Explanation:

JASON COMPANY

Budgeted Income StatementFor the Month Ended October 31, 2019

Sales $1,800,000

Cost of goods sold

Inventory, October 1 $216,000

Purchases $1,068,000

Cost of goods available for sale $1,284,000

($1,068,000+$216,000)

Less: Inventory, October 31 $204,000

Cost of goods sold $1,080,000

($1,284,000-$204,000)

Gross profit $720,000

($1,800,000-$1,080,000)

Supporting Computations:

Budgeted cost of goods sold $1,080,000

Desired ending merchandise inventory 204,000

Total $1,284,000

Less: Beginning merchandise inventory ,($216,000)

Budgeted merchandise purchases$1,068,000

October

$1,800,000 × 60% = $1,080,000.

($1,700,000 × 60%) × 20% = $204,000.

$1,080,000 × 20% = $216,000.

6 0

2 years ago

The fundamental facilities and systems serving a country such as transportation,communication systems, power plants, and schools

vaieri [72.5K]

They are called Infrastructure.

6 0

3 years ago

Read 2 more answers

When must you sign a deposit slip?

lesya [120]

I believe the answer is: B. You only need to sign a deposit slip when receiving cash.

Deposit slip would be filled with a list of cash and cash equivalent that you give to bank teller to be added to your bank account.
Most bank provide the services which allow you to take small percentage of your deposited check in the form of cash. When doing this, you need to sign it as a form of authorization.

4 0

3 years ago

Read 2 more answers

Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di

andrey2020 [161]

Answer:

e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200

Credit Paid in capital in excess of par value(Common stock) $14,080

Explanation:

The journal entry is as follows:

Retained earnings (3,520 shares × $14)

Dr $49,280

_______ Common stock dividend distributable (3,520 shares × $10)

Cr $35,200

_______ Paid in capital in excess of par value ($49,280 - $35,200)

Cr $14,080

3 0

2 years ago