Using the categories of liquidity, profitability and operations management describe which ratios would be used and why to determine whether or not a loans officer at the bank would loan a business money
Q: Consider the following information: Assets Cash Accounts Receivable (less allowance) Inventories…
A: Debt to asset ratio = Total debt/ total assets Total debts includes all liabilities current and non…
Q: Black Limited sells inventory to its parent, White Limited at cost price plus 125% mark-up. •…
A: Inventory is the merchandise that is acquired, or manufactured to be sold in the ordinary course of…
Q: The number of blood tests performed and the related costs over the last nine months in Brentline…
A: The high-level method is used to separate fixed and variable costs from the mixed costs of…
Q: Php20 par value share was required by the corporation at Php50 and resold at Php90. A paid-in…
A: Treasury stock :— It is the stock that is bought back by issuing company for cash. It is the buyback…
Q: Barrington Bears has developed the following sales forecasts for the next few months. January 500,…
A: Budgeting is a method of forecasting future income and costs. It's like a company roadmap. It guides…
Q: P3-2B. On April 1, 2023, Beth Orth opened Beth's Art Studio. The following transac- tions occurred…
A: Journal Entries - Journal Entries are the recording of transactions of the organization. It is…
Q: a. Identify and describe
A: Management can easily override controls and conceal the fraud. It is difficult for employees to…
Q: ZARA uses a First-In-First-Out (FIFO) perpetual inventory system and has the following purchases and…
A: FIFO stands for First In and First Out. Using FIFO method, the goods that were purchased first are…
Q: Blossom Ltd. purchased a new machine on April 4, 2017, at a cost of $156,000. The company estimated…
A: Depreciation: It is the reduction in the value of asset over the time because of its use or…
Q: Reduction and elimination of corporate income taxes (CIT) and the economic result: Examples from…
A: Corporate income tax refers to the tax which is imposed by the federal and state governments on the…
Q: (2) Diminishing-balance using double the straight-line rate for 2017 through to 2021. 2017 expense…
A: Depreciation :—The monetary value of an asset decreases over time due to use, wear and tear or…
Q: Sea Ltd (the parent) sold an item of plant to Bill Ltd (the subsidiary) for $12,000 on 31/12/2021.…
A: Consolidating finances: Handling intercompany transactions One of the most frequent issues with…
Q: The head of production at your manufacturing facility said, “Our manufacturing processes are doing…
A: The head of the production is the head of the production department. The head of the production…
Q: For Chamiching, which of the following is true? Variable costing income (VCI) exceeds full…
A: Variable Cost :— Variable Cost is the part of Marginal Costing. Variable Cost Vary on per unit…
Q: Please explain step by step how to solve the question for cost allocation by using the double…
A: Cost allocation is the as the name suggests the allocation or in other words, the distribution of…
Q: . From the following, calculate (a) Debt-Equity Ratio (b) Total Assets to Debt Ratio Equity Share…
A: We know that Debt- Equity ratio = (Outside Debts/ Equity) Here only debenture represents outside…
Q: True or False Treasury stock is reported in the stockholders' equity section of the balance sheet.
A: Treasury stock is the amount of stock repurchased from open market. It will reduce stockholders…
Q: Calculate the amount that would be reflected as “Working capital changes” in the Statement of Cash…
A: As per Bartleby Guidelines if multiple questions are asked and those are interlinked to each other…
Q: Assume that Corn Co. sold 7,800 units of Product A and 2,200 units of Product B during the past…
A: In order to determine the breakeven point, the fixed cost are required to be divided by the…
Q: On January 1, 2021, a company issues 3-year bonds with a face value of $50,000 and a stated interest…
A: Interest expense = Issue price of bond × Market interest rate Cash paid = face value×stated interest…
Q: Raw Materials: nventory, Jan. 1 ssuance to production Purchases on account Factory Labor: Total…
A: The cost of goods manufactured includes the total cost of goods that are finished during the period.…
Q: Signal mistakenly produced 1,475 defective cell phones. The phones cost $64 each to produce. A…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: ACCOUNT Date Description 4 7 8 12 15 19 Initial Investment Purchase of Service Vehicle Payment of…
A: Statement of cash flows is the important part of financial statements which shows the movement of…
Q: Broduct exceeds the capacity of labour hours available to produce them. Required: 1. Compute the…
A: Bottleneck - Bottleneck is an activity within the organization where the demand for that resource is…
Q: Suppose an additional R300 000 is spent on advertising in order to increase the sales by 3 000…
A: Selling price per pallet 500 Variable costs per pallet Direct material (0.14 × 500) 70…
Q: In 2016, Orville made a taxable gift of $32,000 to his brother Wilber. In 2020 Orville died and his…
A: The gift tax means the tax charged on the gift made to others. The gift tax is charged to the person…
Q: They apply to
A: Examples of like-kind properties: The like-kind properties should include assets that fall under the…
Q: Carla Vista Wholesale Motor Company purchases land for $215000 cash. Carla Vista assumes $5200 in…
A: Lets understand the basics. When purchasing land, cost is required to make it ready for its usage.…
Q: Depreciation has not been calculated. Can you please calculate the depreciation up to 31/03/2022…
A: Straight line Method: The technique of calculating depreciation and amortization known as the…
Q: Pet Products Company uses an automated process to manufacture its pet replica products. For June,…
A: Under fifo method % completion for opening units also consider. Started and completed during the…
Q: 4. JoyT Company manufactures Maxi Dolls for sale in toy stores. In planning for this year, JoyT…
A: The variable factory overhead controllable variance is difference between the actual variable…
Q: Chris has to decide between 2 SME's who want to assist in his project. Vendor 1 has a 30% chance of…
A: When you consider an alternative there are various probabilities of gaining or losing, the mean…
Q: Common stock transactions on the statement of cash flows Jones Industries received $600,000 from…
A: Cash flow from Financing Activities :— Financing Activities are activities that result in chage in…
Q: Use the following information to calculate cash received from dividend Dividends revenue Dividends…
A: Beginning dividends receivable = $3,000 Ending dividends receivable = $4,200 Ending dividends…
Q: . in accordance with the current code f corporate governance for public listed companies in…
A: The said period has been prescribed under the relevant provisions delineated under the Code of…
Q: Pet Products Company uses an automated process to manufacture its pet replica products. For June,…
A: FIFO Method: The accounting system known as "First In, First Out" (FIFO) requires that assets be…
Q: Suppose there are two countries in the world, Canmerica and Chinam, that initially have no economic…
A: Organization - When a group of people band together to complete a specific task or realize a…
Q: Zeke Company sells 25,900 units at $18 per unit. Variable costs are $8 per unit, and fixed costs are…
A: Contribution margin = Sales - variable cost = $18 - $8 = $10 Contribution margin ratio =…
Q: Beginning inventory, purchases, and sales for Item XJ-56 are as follows: May 1 Beginning…
A: LIFO is last in first out inventory costing or inventory system in which units which are purchased…
Q: The information provided below pertains to the operations of Jabba the Hutt's Hot Bog a. Equipment…
A: Lets understand the basics. Cash flow statement is divided into three activities. (1) Cashflow from…
Q: Juliana opened a savings account with $467. The savings account compounds the interest annually and…
A: Time Value of money :— According to this concept, Value of money today is greater than value of…
Q: Which of the following transaction costs will not be included in the pro-forma adjustment to net…
A: Net earnings are the net income or loss being generated by the business. Proforma adjustment to net…
Q: What is the entry to record the transaction on Kiner's books?
A: When a company purchased inventory in cash the inventory account will be debited and cash account…
Q: The following petty cash transactions were made by the Freeman Corporation during the month…
A: Introduction: A transaction is any financial business event that affects the financial statements of…
Q: Instructions Prepare a sales budget for February. Prepare a production budget for…
A: Budgeting is a technique by which a Business Entity provide for the estimated sales and production…
Q: R&D is assumed to have a two-year life in the AC Division and a nine-year life in the SO division.…
A:
Q: d) A company uses an overhead absorption rate of $3.50 per machine hour, based on 32,000 budgeted…
A: Given that, Budgeted machine hours = 32,000 hours Overhead absorption rate = $3.50 per hour Actual…
Q: ERISA provides for full vesting of the employer's retirement contributions as follows: Select one:…
A: The ERISA was enacted to safeguard employees' retirement money against mismanagement and misuse. It…
Q: If fixed costs are $266,000, the unit selling price is $29, and the unit variable costs are $20, the…
A: Break Even Point is that point of sales, where all the expenses (Fixed and variable) are recovered…
Q: $180,000. The property is individually significant, and individually impaired by $60,000. Heavy…
A: A lease is an agreement between two parties. Where the first party grants the right to use its…
Step by step
Solved in 2 steps
- Using the categories of liquidity, profitability and operations management describe which ratios would be used and why to determine whether or not a loans officer at the bank would loan a business money. Your responses should not be less than 100 words.Statements prepared to know profit or loss and financial position of the business are called: Financial Statement Bank Reconciliation Statement Trial Balance All of the aboveExplain different types of financial services with examples. What is financial system .explain components. What are the functions of commercial banks? What is finance.explain the roles of financial management. What are the types of financial statements?
- What type of financial information are accessed by the users to make decisions? a. Composition of the management b. Bank accounts of the company c. Property of the company d. Expected future cash inflowsIdentify which financial statement is required to calculate each of the following: a. Profitability b.solvency c.efficiency d.liquidity 2. Explain how a financial manager may use financial ratios to analyse the financial performance of a businessAssume that you are a bank officer. Perform a comparative analysis based on the above ratios.Advise the bank whether to grant Big Bhd. a loan.
- If you are a bank assessing the long-term credit of a company, you are usually most interested in evaluating which one of the following? a. liquidity and profitability. b. solvency and marketability. c. liquidity and solvency. d. profitability and solvency.Which of the following ratios would a lender find most useful in monitoring a borrower's ability to make loan payments? () PE ratio Return on assets Total asset turnover Inventory turnover () Cash coverage ratio Previous Page Next Page Page 6A customer of a Bank Nizwa wants to know about the accounting treatment of advancing loans to Public by the bank. The branch manager of Bank Nizwa has replied to the customer that the loans provided to public will be recorded under the: a. Debit side of the income statement b. Liability side of the statement of financial position c. Assets side of the statement of financial position d. Credit side of the income statement
- The return on total assets is the focus of analysts, creditors, and other users of financial statements. 1. How is the return on total assets computed? 2. What does this important ratio reflect? 3. Return on total assets can be separated into two important components. Write the formula to separate the return on total assets into its two basic components. 4. Explain how these components of the return on total assets are helpful to financial statement users for business decisions.Bank Intermediation Ratio also used to assess its liquidity* Capital to Loans Ratio Deposits to Capital Ratio Deposits to Loan Ratio Deposits to Total Assets Ratio Loans to Deposits Ratiodefine gross profit margin, net profit margin and operating profit margin ratios of bank proftability? please use in-text referencing