Brendas Bar and Grill has total assets of $15 million of which $5 million are current assets.
Question:
Brenda’s Bar and Grill has total assets of $15 million of which $5 million are current assets. Cash makes up 10 percent of the current assets and accounts receivable makes up another 40 percent of current assets. Brenda’s gross plant and equipment has a book value of $11.5 million and other long-term assets have a book value of $500,000. Using this information, what is the balance of inventory and the balance of depreciation on Brenda Bar and Grill’s balance sheet?
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
Current assets in millions Cash and marketable securities 05 01 x 5 Accounts receivabl...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Question Posted:
Students also viewed these Finance questions
-
A company sells equipment with a book value of $23,000 for $25,000 cash. Required How would the sale of equipment be reported on the statement of cash flows under the a) Indirect method b) The direct...
-
A government transfers equipment with a book value of $600,000 from its General Capital Assets accounts to an Enterprise Fund. How is this transaction reported in the Enterprise Fund statement of...
-
A corporation has total assets of $85 million and total liabilities of $5 million. If the corporation has 4 million shares of common stock outstanding, what is the book value per share of common...
-
please help with the entire question asap please thank you!! 12. ABC Manufacturing Company has the following data for 2024 (amounts in millions): EIE (Cick the icon to viow the information.) Prepare...
-
You head up the corporate marketing department for a nationwide chain of clothing stores. The company has decided to launch a new store-within-a-store concept, in which a small section of each store...
-
Does trading take place only once a day at closing market prices in the case of exchange-traded funds? C. a. No b. No Yes traditional mutual funds? No Yes No
-
A company decides to send email surveys on its new car polishing spray to random people, asking them to forward it to 10 of their contacts after they are finished. What form of sampling did the...
-
A 100-W lightbulb generates 95 W of heat, which is dissipated through a glass bulb that has a radius of 3.0cm and is 1.0 mm thick. What is the difference in temperature between the inner and outer...
-
Ramos Company has the following unit costs: Variable manufacturing overhead Direct materials Direct labor Fixed manufacturing overhead Fixed marketing and administrative $19 18 23 16 14 What cost per...
-
The following overview needs a proposal using word, excel and a powerpoint. Due to recent expansion, the Hudson River Accounting Corporation (HRAC) is requesting proposals for a thorough systems...
-
Mr. Huskers Tuxedos, Corp. began the year 2015 with $256 million in retained earnings. The firm earned net income of $33 million in 2015 and paid dividends of $5 million to its preferred stockholders...
-
Glens Tobacco Shop has total assets of $91.8 million. Fifty percent of these assets are financed with debt of which $28.9 million is current liabilities. The firm has no preferred stock but the...
-
Which of the following is considered to be mandatory information required by a regulatory body? a. 10-Q submission to the Securities and Exchange Commission b. The cost to produce a Samsung Galaxy c....
-
Which of the following factors by itself requires a corporation to comply with the reporting requirements of the Securities Exchange Act of 1934? a. 600 employees. b. Shares listed on a national...
-
A Tier 1 offering made under the provisions of Regulation A of the Securities Act of 1933 requires that the issuer a. File an offering circular with the SEC. b. Sell only to accredited investors. c....
-
Pix Corp. is making a $6,000,000 stock offering. Pix wants the offering exempt from registration under the Securities Act of 1933. Which of the following provisions of Regulation D would Pix have to...
-
Which of the following securities is exempt from registration under the Securities Act of 1933? a. Shares of nonvoting common stock provided their par value is less than $1. b. Bonds issued by a...
-
Which of the following statements concerning the prospectus required by the Securities Act of 1933 is correct? a. The prospectus is a part of the registration statement. b. The prospectus should...
-
As you have seen, the periodic table is a result of empirical observation (i.e., the periodic law), but quantum-mechanical theory explains why the table is so arranged. Suppose that, in another...
-
The Home Depot is the leading retailer in the home improvement industry and one of the 10largest retailers in the United States. The company included the following on its January 29, 2012, balance...
-
How has the privity of contract rule been modified with respect to insurance?
-
Use the following information to complete the balance sheet below. Current ratio = 2.5 times Profit margin = 10 percent Sales = $1,200m ROE = 20 percent Long-term debt to Long-term debt and equity =...
-
Oil prices have increased a great deal in the last decade. The table below shows the average oil price for each year since 1949. Many companies use oil products as a resource in their own business...
-
Compute the future value in year 7 of a $2,000 deposit in year 1 and another $2,500 deposit at the end of year 4 using an 8 percent interest rate.
-
Giving a test to a group of students, the grades and gender are summarized below A B C Total Male Female 10 3 15 28 8 20 19 47 Total 18 23 34 75 If one student is chosen at random, Find the...
-
K A universal set U consists of 16 elements. If sets A, B, and C are proper subsets of U and n(U) 16, n(An B) = n(An C) = n(BNC) = 6, n(AnBn C) = 2, and n(A UBU C) = 14, determine each of the...
-
Without solving, say whether the equation has two solutions, one solution, or no solution. The equation has because (x+4) = 19
Study smarter with the SolutionInn App