outstanding stock. HIT SCRIPTS BALANCE SHEET NOVEMBER 30, 2011 Assets Liabilities & Owner’s Equity Cash . . . . . . . . . . . . . . . . . . . . $ 5,000 Liabilities: Notes Receivable . . . . . . . . . . 4,000 Notes Payable. . . . . . . . . . . . $ 65,000 Accounts Receivable . . . . . . . 3,000 Accounts Payable . . . . . . . . . 32,000 Land . . . . . . . . . . . . . . . . . . . . 60,000 Total Liabilities. . . . . . . . . . $ 97,000 Building. . . . . . . . . . . . . . . . . . 75,000
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transactions on working capital and current ratio Evans, Inc., had current liabilities at April 30 of $120, 500. The firm’s current ratio at that date was 1,8. a. Calculate the firm’s current assets and working capital at April 30. Current ratio = current assets/current liabilities 1.8 = ?/$120, 500 1.8 =$216, 900/120, 500 Firm’s current assets is $216, 900 Working capital = Current assets – Current Liabilities =$216, 900 - $120, 500 =$96, 400 Working capital at April
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current year. COLLINS FAMILY DENTISTRY Balance Sheet January 1, 20__ Assets Liabilities & Stockholders’ Equity Cash $ 20,000 Liabilities: Accounts receivable 31,000 Accounts payable $ 45,000 Land 190,000 Total liabilities $ 45,000 Building 225,000 Owners’ equity: Equipment 35,000 Capital stock 456,000 Total liabilities and Total assets $501,000 owners’ equity $501,000 During the first few days of January, the following transactions
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1000 Eagle Drive Denton, TX 76201 | | p. 1-800-555-BENTOf. 1-800-555-BENTO | | service@bento.com www.bento.com | 1000 Eagle Drive Denton, TX 76201 | | p. 1-800-555-BENTOf. 1-800-555-BENTO | | service@bento.com www.bento.com | BENTO, LLC Est. Dec. 1, 2015 BENTO, LLC Est. Dec. 1, 2015 Table of Contents Executive Summary 2 Highlights Objectives Mission Statement Keys to Success Description of Business 3 Company Ownership/Legal Entity Location Interior Hours of Operation
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ACCT 212 Final Exam (DEVRY) For more course tutorials visit www.tutorialrank.com Tutorial Purchased: 4 Times, Rating: A+ At the end of the period it is necessary to close all temporary accounts. (1) Explain why this process is required (10 points) and (2) provide an example of the closing of an expense account, Supplies Expense in the form of a journal entry 2. (TCO 2) As required to complete Course Project 1, one must follow the cycle that includes 10 steps to complete the accounting cycle
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AL FRESCO MARKETING PRACTICE SET SALES JOURNAL Date | Customer | Terms | Inv. # | F | Accounts ReceivableDebit | Cash SalesDebit | SalesCredit | 12% Output Tax Credit | June 2 | Eva Perez | COD | CI008 | | | 3,325.60 | 2.968.75 | 356.25.60 | 3 | Phil. Christian House | 25% down, 2/7, n/15 | SI 018 | / | 4,940.00 | | 4,410.71 | 529.29 | 8 | Shop Here | 25% down, 2/7, n/15 | SI 019 | / | 16,200.00 | | 14,464/29 | 1,735.71 | 9 | Joni Bulatao | COD | CI 009 | | | 3.800.00 | 3,392.86
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negative and vice versa. Walmart current revised assets total $61,185 billion; an increase of two percent in 2014. The current liabilities in 2014 total $69,345 billion and $71,818 billion in 2013 (Walmart, 2015). This information indicates that Walmart working capital in was negative in 2014 with a balance of -$8,160 billion, which obviously reflects a long term liabilities. In 2013, its working capital was also in the negative of -$11,878 billion; this notwithstanding reflects a decrease of its working
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| | Comments: | | | | Question 3. | Question : | (TCO A) The three parts of your balance sheet are | | | Student Answer: | | income, liabilities, and balance. | | | | assets, expenditures, and balance. | | | | assets, liabilities, and balance. | | | | assets, liabilities, and net worth. | | | | income, liabilities, and net worth. | | Instructor Explanation: | Chapter 1 | | | | Points Received: | 4 of 4 | | Comments: | | | | Question 4. |
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Guerilla Marketing Plan 3 Guerilla Marketing Introduction 3 Strategies 3 Execution 4 Location 4 Layout 4 Financing 5 FINANCIAL PROJECTIONS 6 6.1 Profit & Loss 6 6.2 Cash Flow (06/24/2014 to 06/24/2017) 7 6.3 Balance Sheet 9 Liabilities & Equity 10 6.4 Break-Even Analysis 11 References 12 Guerilla Marketing Plan Guerilla Marketing Introduction The goal of Lifestyle Fitness Guerilla marketing strategy is to grow membership in a low cost effective way. Strategies
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w 9B11N012 Ken Mark wrote this case under the supervision of Professors James E. Hatch and Larry Wynant to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. Richard Ivey School of Business Foundation prohibits any form of reproduction, storage or transmission without its written permission. Reproduction
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