heet show amounts: ble, $150, erred Incor quity, $50
Q: Delivered monthly statements collected fee income of P52,000. What is the effect on the element?
A: Accounting equation is referred to the first step of an accounting cycle. It represents that the…
Q: An invoice of RO 50,000 with the terms 7/18, n/30, ROG is dated on May 10th. The goods are received…
A: Given: 7/18 means if you pay the bill within 18 days you will get a discount for 7% N/30 means if…
Q: Collected from customer on account on june15 June 15 : sold on account 350,00 to customer In other…
A: Collected from customer on account on june15 June 15 : sold on account 350,00 to customer In other…
Q: w (inputting a similar table, with related work shown above or below, is suggested). Payment EOY…
A: Loan are paid by equal amount but the amount of interest and principal amount paid are different for…
Q: Q- Abbys bi- weekly gross income is 1450 but only 1,200 is deductions add up to? Q- Steve's bi-week…
A: Net Income: In order to determine one's "net income," one must first determine one's "gross income,"…
Q: alance aun buisn lowin 2019. punts payable $1,830 12,050 ner Ale Capital Mar 1 17 300
A: Balance Sheet: Balance sheet is a financial statement which helps to know financial position of…
Q: Foss entries, Prepore lodger acounts and also a trial belonce. యంe 2.5.21 Started business curth…
A: Ledger accounts are the accounts prepared to post all the transactions related to a particular…
Q: income if you save $170 per pay period after pa Net Pay & Spendable Income Net pay Spendable income
A: Net pay per pay period can be calculated by deducting tax from gross pay per pay period Spendable…
Q: Unearned rent, Jan. 1 P170,000 Unearned rent, Dec. 31 85,000 Accrued rent income, Jan. 1 180,000…
A: The income needs to be recognised in the books on the basis of accrual method of accounting.
Q: Adil is paid a commission amount of 2280 RO. During January 2020, his sales were 38,000 RO. What is…
A: Commission is the amount paid to the salesperson or agent in exchange of services provided by such…
Q: Record Daenerys July 31, 20x2 entries cases, assuming that she sells the equipment for (1) $50,900…
A: Disposal of Asset Asset disposal is accounted for by removing the asset cost and any accumulated…
Q: 4. Purchased Supplies for RO 150 and paid RO 100. Remaining amount will be paid after one month
A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…
Q: Begining od year Service Revenwes 200,000 salary expenseses Rent expenses 160,000 40,000 R00 o…
A: Temporary accounts are those which are closed at the end of each accounting year. So at the end of…
Q: to accept a salar salary of P25,0O 20% of net incor
A: He must receive a salary of 25,000 and a bonus of 35,000 so that he remains indifferent between the…
Q: ANNUAL MONTHLY BI-WEEKLY WEEKLY ΕMPLOYEES SALARY SALARY SALARY SALARY A P66,500.00 B P14,000.00…
A: Given information Annual salary of A = 66,500 Monthly salary of B = 14,000 Weekly salary of C =…
Q: 1. A VAT-registered business makes a sale of P33,600, inclusive of VAT. The amount of sale that is…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: On March 17, Fox Lumber sells materials to Whitney Construction for $12,000, terms 2/10, n/30.…
A:
Q: ner Company p paid on Decem of money for thi JAD of $1 and P
A: Given: Byner paid=$4,000 non-interest bearing note requiring=$41,000 Interest rate=12%
Q: Donler Tax Service performed services on account for $10,200 and paid expenses totaling $5,400. What…
A: Introduction: Income statement: All revenues and expenses are shown in Income statement. It tells…
Q: What is the maximum deduction you can claim under ITA 8 for employr A) $5,000. B) $9,000. C)…
A: Tax Liability is the different company's taxable income as shown in the income statement and in…
Q: smail business, lor plan designed, Ists of le wer than Answer: A. 50 O 100 с. 500 D. O 1,000 B.
A: The acronym "SIMPLE IRA" stands for Savings Incentive Match PLan for Employees Individual Retirement…
Q: Cozy Corporation purchased supplies at a cost of S24,000 during the current year. At January 1,…
A: Formula: Supplies expense = Beginning supplies expense + Supplies purchased - Ending supplies…
Q: Salary $15000, deduction $12000, tax rate 10%, withholding $1000. Find amount returned.
A: The withholding tax is the amount of money which an employer keeps from the salary of the employees…
Q: Cozy Corporation purchased supplies at a cost of $24,000 during the current year. At January1,…
A: Formula: Supplies expense = Beginning supplies + Supplies purchased - Ending supplies
Q: yor. Zakania Staying at chennai geceives pin .as basic Salery by termos oj on E-lernover ackiv ed by…
A: House Rent Allowance (HRA) - It is component of salary component paid by the employer to its…
Q: Assume all rent revenues are received in advance and accounted for as unearned rent. Beginning and…
A: A rent collection service is responsible for collecting and pursuing rent from tenants. These…
Q: Triage has paid the following rent bills in the year ended 31 December 2020: £3,000 for the 3…
A: Answer) Calculation of total rent expense to be charged to Profit and Loss account Amount…
Q: 1. Calculate the gross income for someone who works 38 h at $12.50/h.
A: Gross income of person means how much an individual is earning in particular period of time. If an…
Q: With the following data, compute the Total FUTA Taxable Wages. Total Annual VWages $187,000 Wages…
A: FUTA means the "Federal Unemployment Tax Act" which imposes payroll tax on any business having…
Q: $1,500 $1,400 $1,300 $1,200 $1,100 $1,000 ... 2. 5. 6 7 8 3 EOY i = 30%/yr. is equivalent to
A: The present value is the value of the sum received at time 0 or the current period. It is the value…
Q: for court costs. salary payments are equal amounts paid at rate you choose is an EAR of 11 percent,…
A: Explanation of Concept Concept of discount cash flow for calculating the present value of initial…
Q: SINGLE Persons If the Adjusted Wage Amount (line 1d) is The tentative amount to withhold is……
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: A companny has an employee with a 5000 salary. Knowing that the Social Security rate is 29%, Health…
A: Social security tax , health insurance and salary tax is withhold from the salary of the employee.…
Q: The ueful li of the ofier eguipat wn imated at ve years Fees of SR were earmed during the manth by…
A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…
Q: January 25 Received $1150 cash for laundry services provided in January 2022. JOUonal eny xy
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: The income summary account has a debit balance of P45,000. The agreement between Emo and Ted include…
A: A partnership is a kind of business structure in which two or more people agree to carry out…
Q: If you receive your full bonus at the end of the year, what is your total (gross or before tax) pay…
A: Taxable income refers to the amount to which tax is imposed. It is arrived at after allowing certain…
Q: Simon got an invoice dated on May 2nd with an amount of $2,150.00 and the terms are 4/15, n/30 ROG.…
A: 4/15, n/30 means if the invoice is paid within 15 days a discount of 4% will be given otherwise full…
Q: A salary allowance of $47,400 to Cooper and $35,100 to Donald. An interest allowance of 10% on…
A: Income Statement Sales 489,0000 Less: Cost of goods sold 280,0000 Gross profit 209,000…
Q: 1) the total equal to part 1 is $5,924, calculate what percent of your monthly take-home salary you…
A: Value for each monthly expense is provided and percent for each item is calculated. Percent is…
Q: An employee earns $1,500 a week and the deductions from that amount for her contributions to EI,…
A: Solution:- Calculation of the company record as salary expense for that week as follows:-…
Q: Joshua Vermier of Sacramento, California, received a ralse after his first year on the job to…
A: Given information: Initial salary is $40,000 Salary rise after first year to $44,200 Inflation…
Q: insurance 1,400 licence plates 100 uired: Calculate the amount Mr. O. can deduct from employment…
A: Income is a residual amount left after netting of net expenses incurred to earn that income. The net…
Q: The following information is provided to you by Wacu Wanderi ; 31st December 2019 31st December…
A: generally, if there are any opening outstanding expenses paid during the current year then those…
Q: tomers pay in aining 60 perc
A: Budget for the month Particulars Amo8nt $ Amount$ Op. Cash Bal 0 Sales current month 3000 x…
Q: 2. A weekly payroll sum Aweекту рауrоn su Ex + Sta Employe Austria, B. Bautista, D. De Santos, M.…
A: a) The net pay for each of employee: Net Pay =(Rate Per Hour x No Of Hours Worked In a Week) +…
Q: Total payroll of Future First Bhd was RM920,000. Income taxes (PCB) withheld were RM225,000 and…
A: Account Title and Explanation Wages and Salaries Expense Dr. Income Taxes Withheld Cr.…
Q: Using the following information please prepare an income statement. Salary expenses - $10,000.00…
A: The income statement is an essential part of the financial statements of the company. It is prepared…
Q: Wildhorse's gross earnings for the week were $1,800, his federal income tax with-holding was $332,…
A: given that, Wildhorse's gross earnings for the week were $1,800 federal income tax withholding was…
Step by step
Solved in 2 steps
- Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of 8,125,000, and total assets of 40,625,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of 75,000,000, and total assets of 169,000,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.Total assets are $1,500,000 and stockholders’ equity is $900,000. What is the debtto-equity ratio?a. 0.33b. 0.50c. 0.60d. 0.67
- The balance sheet for Shankland Corporation follows: 000'009 $ 000006 Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings 000 0000 000 00 000 009' 000 006 Total liabilities and stockholders' equity 000'00s Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio21. Kinsella Corporation's statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total long-term debt to total equity ratio? a.0.375 b.0.125 c.0.75 d.0.25The balance sheet for Zachary Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 234,000 770,000 $ 1,004,000 $ 141,000 456,000 597,000 407,000 $ 1,004,000
- 22. McLaughlin Corporation's statement of financial position showed the following amounts: current liabilities, $75,000; total liabilities, $100,000; total assets, $200,000. What is the total debt to total assets ratio? a.1 b.2 c.0.50 d.0.875The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity $ 235,000 762,000 $997,000 $160,000 457,000 617,000 380,000 $997,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) ace Working capital Current ratio Debt to assets ratioDeacon Corporation has provided the following financial data from its balance sheet and income statement: Total assets Total liabilities Total stockholders' equity Net operating income (income before interest and taxes) Interest expense The company's debt-to-equity ratio at the end of Year 2 is closest to: Multiple Choice O C 0.61 0.42 073 Year 2 $ 1,265,000 $ 532,000 $ 733,000 $ 68,739 $ 25,000 Year 1 $ 1,232,900 $ 460,900 $ 772,000
- Barger Corporation has the following data as of December 31, 2024: Total Stockholders' Equity Total Current Liabilities Total Current Assets $ 36,210 58,200 181,630 Other Assets Long-term Liabilities Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = = C $? 45,600 269,640 Debt to equity ratioThe balance sheet for Stuart Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio $ 238,000 770,000 $1,008,000 Required Compute the following. (Round "Ratios" to 1 decimal place.) % 144,000 441,000 585,000 423,000 $1,008,000Stark Company's most recent balance sheet reported total assets of $1.74 million, total liabilities of $0.88 million, and total equity of $0.86 million. Its Debt to equity ratio is: Multiple Choice 0.51 0.49 0.98