Business, 06.03.2020 15:36, crodriguez87
The accounting records of Nettle Distribution show the following assets and liabilities as of December 31, 2016 and 2017.
December 31 2016 2017
Cash . . . . . . . . . . . . . . . . . . . . . . . . $ 64,300 $ 15,640
Accounts receivable . . . . . . . . . . . 26,240 19,100
Office supplies . . . . . . . . . . . . . . . . 3,160 1,960
Office equipment . . . . . . . . . . . . . . 44,000 44,000
Trucks . . . . . . . . . . . . . . . . . . . . . . . 148,000 157,000
Building . . . . . . . . . . . . . . . . . . . . . 0 80,000
Land . . . . . . . . . . . . . . . . . . . . . . . . 0 60,000
Accounts payable . . . . . . . . . . . . . 3,500 33,500
Note payable . . . . . . . . . . . . . . . . . 0 40,000
1. Prepare balance sheets for the business as of December 31, 2016 and 2017. (Hint: Report only total equity on the balance sheet and remember that total equity equals the difference between assets and liabilities.) 2. Compute net income for 2017 by comparing total equity amounts for these two years and using the following information: During 2017, the owner invested $35,000 additional cash in the business and withdrew $19,000 cash for personal use. 3. Compute the 2017 year-end debt ratio (in percent and rounded to one decimal).
Answers: 1
Business, 22.06.2019 11:20, ebt2367
Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).
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Business, 22.06.2019 17:50, adamflex
Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.
Answers: 3
Business, 22.06.2019 19:00, chrisroman152
20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.
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The accounting records of Nettle Distribution show the following assets and liabilities as of Decemb...
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