P 3.06 – Vosburgh Electronics
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
They give you a long list of accounts as well as additional info and ask you to make a balance sheet.
They give you a long list of accounts as well as additional info and ask you to make a balance sheet.
They give you cash receipts and cash disbursements, as well as a bank loan, equipment, inventory rent, net income, etc., and ask for the balance sheet.
Determine the net change in cash for the period by analyzing the beginning and ending balances of accounts such as Accounts Receivable, Accounts Payable, and Inventory.
Determine which statement correctly describes the changes in account balances for a company.
Analyze the budget figures of Global Enterprises for the second quarter, including credit sales, credit purchases, cash disbursements, and fixed asset purchases.
Assess the effect of changes in the accounts receivable turnover rate on the accounts receivable period.
Calculate the average number of days it takes AW Jones to pay its suppliers, given the annual sales, a cost of goods sold percent of sales, an average accounts receivable balance, and an average accounts payable balance.
Determine the number of days in Bee’s Honey cash cycle, given the inventory turnover, payables turnover, and receivables turnover.
Given four years worth of income(loss) data along with tax rates for each year, determine the income tax refund receivable due to the NOL carryback.
Calculate the book value of Mahalo Tours’ current assets on their balance sheet given their cash on hand, amounts owed to suppliers and the bank, customer purchases owed, and the book and estimated market value of their inventory.