Calculate DOL, DOF, and DOT for both years. ANSWER 2020 2021
Q: a. Are there Nash equilibria? If so, determine how many and state which strategies.
A: Yes, there are Nash equilibrium.
Q: For the year ended 30 June 2022, the following information is available for X-ray Ltd: 2022 2021…
A: Cash Flows from Investing Activities: It is part of the cash flow statement. Cash inflows or…
Q: Blue Fin started the current year with assets of $714,000, liabilities of $357,000 and common stock…
A: Following formula is used for calculation of retained earnings balance at the beginning of the year:…
Q: The developing countries are usually characterized by _________. a. primary-product exports,…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: True or False 25. A cooperative duly-registered consistent with the Philippine Cooperative Code…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: The net assets of Fragrance, a cash generating unit (CGU), are: $ Property, plant and equipment…
A: The requirement is to compute the value of Fragrance's property, plant, and equipment after the…
Q: WATERWAYS CORPORATION Manufacturing Overhead Budget (Static) For the Month of March Budgeted…
A: A flexible budget is routinely used to estimate the effects of volume changes on revenue and…
Q: In order to increase production capacity, Global Industries is considering replacement an existing…
A: Given: - Total cost of Machine= 160,000+30,000= 190,000 Useful life =5 year Tax rate= 40%
Q: Q7 How are transaction costs associated with the acquisition of financial assets recognized in the…
A: The transaction costs associated with the acquisition of financial assets depends on the…
Q: Taste Thai Restaurant recorded food and drink sales of $700. 000 for the financial year. The…
A: Sales 7,00,000 Less: Cost of Goods Sold 35000 Less: Expenses 3,00,000 Profit 3,65,000
Q: ommon stock, 16,000 and 14,000 shares, espectively, for 2022 and 2021 (P1 par value) dditional…
A: Requirement: In the given question it is required to calculate the incomes or loss in 2022, and the…
Q: Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders'…
A: Shareholders Equity: Shareholders' equity, often known as a firm's net worth, is a measure of how…
Q: Which will demonstrate an agreement to refinance (choose the incorrect one)? Group of answer choices…
A: Here discuss about the details of the arrangement of the refinance which are involved with the…
Q: e following statements are correct regarding dividends component in the purchase price of shares?…
A: Explanation of concept Shares are the instrument which has been used by the company to get capital…
Q: On December 31, 2020, ABC Company defaulted in the payment of the 10% interest on its loan from a…
A: The financial instabilities of the companies can be overcome by using the technique of corporate…
Q: 27. Guy bought a new car for $27,000 and kept it for 5 years. The value of the car after that time…
A: Formula: Rate of Depreciation = [ ( Current Asset value - Beginning Asset value ) / Beginning Asset…
Q: 16) The account "Cash" began with a zero balance and then had the following changes: increase of…
A: Introduction: Cash Account: Cash is a current Asset item. To be recorded in Balance sheet.
Q: For each of the following situations, determine the amount of Producer Surplus generated a. Paul…
A: Paul lists his old iPod for sale on an online auction. He sets a minimum acceptable price, known as…
Q: How much is the net increase in additional paid-in capital to be recorded in the books of the…
A: On Dec 31,2011 XY Corporation was merged into AB Corporation. AB issued 86,000 shares of the par…
Q: a. Plot the monthly data. b. Forecast September sales volume using the following: 1) A linear…
A:
Q: A taxpayer received during the taxable year the following passive income derived from within the…
A: The income is the income earned without the use of time and labor of the taxpayer. Passive income…
Q: Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the…
A: Solution: Journal entries follows double entry book keeping system which ensures that every…
Q: This year, Leron and Sheena sold their home for $1,372,500 after all selling costs. They bought the…
A: Introduction:- The following basic information as follows under:- Leron and Sheena sold their home…
Q: their warranty claims in 2023 was $320,000; $180,000 for parts and $240,0 2,890,000. heir warranty…
A: Warranty payable account is an provision account recorded under current liabilities. It estimates…
Q: DEF Co. has provided the following data: December 31, 2022 December 31, 2021 P1,500,000 Inventory…
A: Cost of goods produced: It is the cost incurred by the company in producing the goods. It includes…
Q: CPLF borrows P2,500,000 from Bank DAAE at 11% interest to be paid at the end of each year for 15…
A: A term loan is a type of credit vehicle in which an amount is lent to another party in exchange for…
Q: Q12 Which of the following is correct in a regular way purchase (or sale) of a financial asset?…
A: Introduction:- Financial asset is an asset whose value comes from a contractual claim. The following…
Q: 22 Question 2 Coconut Limited produces vegan snacks for distribution to various retailers across the…
A: An income statement is a financial report that indicates the revenue and expenses of a business. It…
Q: ame. Model DRB requires 20 pounds of a special high alloy steel, 40 minutes of manufacturing time,…
A:
Q: were declared on January 5 payable to shareholders as of February 10. MEOW Company shares were split…
A: Initial carrying value of investment on the date of acquisition is the investment cost 10,000…
Q: How much would the company's profits increase (decrease) if it implemented the advertising campaign…
A: Companies tend to focus on the costs of advertisement in order to increase the sales as sales are…
Q: 48. Assuming Perry Company acquired 80% of the outstanding ordinary share of Sassy Company for…
A: As per our protocol we provide solution to the one question only and as you have asked two multiple…
Q: Compute for the consolidated net income.
A: Particulars Quail Savannah Unrealized gain Adjustment onUnrealised gain * Consolidated Amount…
Q: During the first year of operations, a company sold $109,000 of goods to customers and received…
A: Introduction:- Net income is the amount of profit a company after deduction of all its expenses. Net…
Q: PAUL Trading Co. has a branch in Quezon City. On December 31, 2019, Quezon City Branch account in…
A: Branch account: Branch accounting is a book keeping system in which accounting entries are passed…
Q: Following are the summarised Balance sheet of ABC Ltd.: Liabilities 2009 2010 Assets 2009 2010 $ $…
A: Ratio is the indicated quotient of two mathematical expressions and as the relationship between two…
Q: The planned production for July is 120,000 cars. Sales are forecasted at 90,000 toy cars for June…
A:
Q: When merchandise is sold, the cost of merchandise sold (COMS) is a type of ___________ to the…
A: An Asset is something that is owned and controlled by an entity having some future economic…
Q: A client had the following investment transactions in 20X0: On March 20, purchased 1,000 shares of…
A: 1 share for evry 5 shares so ratio = 1:5 =1000/ 5 = 200 stock rights Value of stock rights wen…
Q: In the statement of cash flows for the current year, what amount should be reported as net cash used…
A: Cash flow from financing activity includes the cash raised through financing activity by issue of…
Q: In 2021, Lucy and Evan Stuart have a daughter who is 2 years old. The Stuarts are full-time students…
A: Introduction: AGI begins with your gross income and is subsequently lowered by various "above the…
Q: What is merchandise on hand (not sold) at the end of an accounting period? It is a/an _____________.…
A: Merchandise on hand (not sold) is an inventory at the end of an accounting period. It is the…
Q: At December 31, 2021, Azores Corp. had 20,000 shares of P1 par value treasury shares that had been…
A: Given data, Shares repurchased =20,000 Acquisition price per share =P12 Therefore, Acquisition cost…
Q: As regards antichresis, which of the following is not correct? * a. The amount of the principal and…
A: The following statements are correct: Statement a as per Article 2134 Statement c as per Article…
Q: d 12% per annum, what would be the year end amount available in perpetuity from the endowment for…
A: The cash flow diagram is shown below as,
Q: 27. At breakeven point i. ii. iii. iv. a) b) total revenue equals total cost total revenue> total…
A: Variable cost means he cost which vary with the level of output and fixed cost remain fixed what…
Q: An entity issued 1 500 debentures with face value of R20 000 each. The coupon rate on the debentures…
A: A debenture is a loan taken by the company by issuing the securities. The company would require to…
Q: Charlotte was injured in a vehicular accident in 2022. He incurred and paid medical expenses of…
A: Taxable income is that what is available after paying all expenses because there are no taxes on…
Q: What is LaVine's 2021 diluted earnings per share? O $6.78 O $6.96 O $7.50 $6.73 $5.94 $6.04
A: Earnings per shares refers to the profit earned by each shareholder after paying all the expenses of…
Q: Cash balance per books, September 30 Deposits in transit Notes receivable with interest collected by…
A: Introduction: Bank Reconciliation statement: To Reconcile the difference between Cash book balance…
Calculate DOL, DOF, and DOT for both years.
ANSWER | |
2020 | 2021 |
Step by step
Solved in 2 steps
- Dec. 31, 2020 Dec. 31, 2019 Assets Current assets: Cash and cash equivalents $248,005 $419,465 Accounts receivable 38,283 34,839 Inventory 15.043 15,332 Prepaid expenses and other current assets 39,965 34,795 Income tax receivable 58,152 16,488 Investments 415,199 338,592 Total current assets 814.647 859,511 Property, plant, & equipment, net 1,217.220 1,106,984 Long-term investments 622,939 496.106 Other assets 70,260 64,716 Total assets $2,725,066 $2,527,317 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $85,709 $69,613 Accrued payroll and benefits 64,958 73,894 Accrued liabilities 129,275 102,203 Total current liabilities 279,942 245,710 Deferred liabilities 284.267 240,975 Other liabilities 32.883 28,263 Total liabilities 597,092 514,948 Shareholders' equity: Common stock 358 354 Additional paid-in capital 954,988 861.843 Retained earnings 1,172.628 1,150,172 Total shareholders' equity 2,127,974 2,012.369 Total liabilities and shareholders' equity…"Accrued interest income" would normally appear in the financial statement under *Current assetsNoncurrent assetsRevenueEquityComparative Balance Sheet Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable. Total current liabilities. Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Ending Balance $ 31,000 18,000 58,000 12,000 119,000 374,000 190,000 184,000 $ 303,000 $ 13,000 52,000 67,000 132,000 76,000 208,000 Beginning Balance $ 28,000 20,000 56,000 10,000 114,000 354,000 165,000 189,000 $ 303,000 $ 9,000 53,000 69,000 131,000 73,000 204,000 28,000 26,000 67,000 73,000 95,000 99,000 $ 303,000 $ 303,000 The company's net income (loss) for the year was ($3,000) and its cash dividends were $3,000. It did not sell or…
- Liquid assets is determined by Select one: a. Current assets - current liabilities O b. Current liabilities- Bank overdraft c. Current assets +stock+ prepaid expenses O d. Current assets-stock-Prepaid expensesCompute for total current assests, total uncurrent assets, total current liabilities and total uncurrent liabilitiesClassifying Items in the Statement of Cash Flows The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated dollar amount is added or subtracted in the statement. (a) (b) 1. Payments of short-term debt. AnswerOperatingInvestingFinancing AnswerAddSubtract 2. Repurchases of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 3. Purchases of property and equipment. AnswerOperatingInvestingFinancing AnswerAddSubtract 4. Sale of investments classified as long-term. AnswerOperatingInvestingFinancing AnswerAddSubtract 5. Proceeds from the issuance of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 6. Increase in prepaid expenses and other current assets. AnswerOperatingInvestingFinancing AnswerAddSubtract 7. Acquisition for cash of a competitor.…
- ASSETS Cash Accounts receivable, net Inventories Prepaid and other current assets Total current assets Restricted cash Accounts receivable, net, non-current Property, plant and equipment, net Operating lease right-of-use assets Other assets Total assets LIABILITIES AND EQUITY (DEFICIT) Accounts payable Accrued liabilities Deferred revenue Current portion of long-term debt Other current liabilities Total current liabilities. Long-term debt, net of current portion Operating lease liabilities, net of current portion Other long-term liabilities. Total liabilities Equity (Deficit) Class A common stock, par value $0.0001 and 124,785,562 shares issued and outstanding at December 31, 2022 and 119,280,781 shares issued and outstanding at December 31, 2021 Class B common stock, par value $0.0001 and 268,823,501 shares issued and outstanding at December 31, 2022 and 269,243,501 shares issued and outstanding at December 31, 2021 Additional paid-in-capital Accumulated other comprehensive income…Mark for Review Question 26 of 30 The ratio quantifies the degree of available liquid assets is Liquidity coverage ration Temporay assets to total assets O Temporary assets to volatile liabilities Veiatie liabilities to total assetsWhich of the following constitutes an internal source of funds Oa. Corporate bonds b. Common stock Oc Commercial paper O d. Retained earnings and amortization cash flow
- Knowledge Check 01 Which of the following describes how working capital is computed? Multiple Choice Current assets Current liabilities Current liabilities Current assets Current assets-Current liabilities Current assets + Noncurrent liabilitiesDefine current assets and current liabilities. Why are current assets and current liabilities separated from noncurrent assets and long-term liabilities on the balance sheet?Question: What is the formula for calculating the current ratio? a. Current Assets / Current Liabilitiesb. Current Liabilities / Current Assetsc. Total Assets / Total Liabilitiesd. Total Liabilities / Total Assets