Thompsons Services reported the following information on their balance sheet: $33766 in cash, $25205 in inventory,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Thompsons Services reported the following information on their balance sheet: $33766 in cash, $25205 in inventory, $11590 in accounts receivables, and $107459 in property plant and equipment. The company also reported $15373 in notes payable, $21264 in accruals, $52781 in long-term debt, and $28410 in capital. How much accounts payable did the company have? Thompsons Services reported the following information on their balance sheet: $33766 in cash, $25205 in inventory, $11590 in accounts receivables, and $107459 in property plant and equipment. The company also reported $15373 in notes payable, $21264 in accruals, $52781 in long-term debt, and $28410 in capital. How much accounts payable did the company have?
Expert Answer:
Answer rating: 100% (QA)
To find the amount of accounts payable we can use the formula for calcu... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
Posted Date:
Students also viewed these finance questions
-
In a recent balance sheet, Wal-Mart reported the following information (in millions): Required Calculate Wal-Mart's current ratio for each year and answer the following questions: a. Was the company...
-
The company reported the following information with respect to its statement of cash flows: Cash from issuance of additional shares of stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....
-
The Coca-Cola Company reported the following information about its long-term debt in the notes to a recent financial statement (in millions): Long-term debt is comprised of the following: a. How much...
-
In Exercises 1 through 22, find the critical points of the given functions and classify each as a relative maximum, a relative minimum, or a saddle point. f(x, y) = x 4 32x + y 3 12y + 7
-
Suppose identical bowling balls of radius R are packed into a hexagonal close-packed structure. What fraction of the available volume of the unit cell is filled by the bowling balls?
-
An investor puts 70% of their money in Stock 1 and the rest in Stock 2. Stock 1 has a standard deviation of 49% and Stock 2 has a standard deviation of 36%. The covariance between the two stocks is...
-
Water at \(20^{\circ} \mathrm{C}\) is flowing down a \(3.0 \mathrm{~m}\) long vertical plate at a volumetric flow rate per meter of plate width of \(q=0.000005 \mathrm{~m}^{2} / \mathrm{s}\)....
-
Shown below are the financial statements of Filmore Company. Additional data: 1. Depreciation expense was $6,000. 2. Dividends of $28,000 were declared and paid. 3. During the year, equipment was...
-
What were challenges faced by the company when implementing a certified EMS(environmental management systems)?
-
Jerry is the project manager for a team developing a retail store management system for a chain of sporting goods stores. Company headquarters is in Las Vegas, and the chain has 27 locations...
-
Global Ltd owns all the share capital of Local Ltd. The following intragroup transactions took place during the periods ended 30 June 2023 and 30 June 2024: (a) During the period ended 30 June 2023,...
-
You are importing woven coats from Turkey under the terms CPT New York. The invoice sales price is $20,000. The following costs are associated with the transaction: inland freight in Turkey of $200;...
-
Spicer Inc. showed the following alphabetized list of adjusted account balances at December 31, 2023: Accounts Payable Accounts Receivable Accum. Deprec., Equip Accum. Deprec., Warehouse Cash Cash...
-
3 . Rissa Roo has bought some shares of Chamath Sachs during 2 0 2 1 , on several occasions. On July 2 1 , 2 0 2 1 they sold 2 , 0 0 0 of them for $ 6 5 per share. Calculate their taxable capital...
-
DeZurik Corporation had the following stockholders equity section in its June 3 0 , 2 0 2 3 , balance sheet ( in thousands, except share and per share amounts ) : June 3 0 ( in thousands ) 2 0 2 3 2...
-
Why is data so essential for human resource managers in the hiring process? Cite References.
-
High school or college extracurricular involvement or activities that you have been or are involved in List the years you have been involved in each activity Max Length: 600 words Volunteer...
-
Can partitioned join be used for r r.A s? Explain your answer
-
During 2016, Liang's Book Store paid $484,000 for land and built a store in Georgetown. Prior to construction, the city of Georgetown charged Liang's $1,300 for a building permit, which Liang's paid....
-
Dr. Kristine Cohen opened a medical practice specializing in physical therapy. During the first month of operation (July), the business, titled Dr. Kristine Cohen, Professional Corporation (PC),...
-
For each of the following accounts, identify whether that item is an asset, liability, or equity account. a. Accounts payable b. Sales revenue c. Cash h. Salaries payable d. Bonds payable e. Common...
-
Why do labor unions exist?
-
Labor union membership has declined in part due to a. a shift in workers from manufacturing to the service sector. b. deregulation in unionized industries. c. increasing global competition. d. all of...
-
If labor unions successfully negotiate wage increases for their members, a. the wages of nonunion workers increase as well. b. the wages in nonunion sectors decrease. c. employment likely falls in...
Study smarter with the SolutionInn App