Question: hello can you help to answer these questions? Question 1: Assuming CNE Inc. could receive 2/15, n/30 terms from its suppliers for its accounts payable
hello can you help to answer these questions?
Question 1: Assuming CNE Inc. could receive 2/15, n/30 terms from its suppliers for its accounts payable (A/P), how much cash would CNE Inc. pay to its suppliers from January through April?
Question 2: Again, assuming 2/15, n/30 terms from its suppliers, and CNE Inc. adopting a policy of paying its suppliers early based on these terms, what would CNE Inc.'s accounts payable (A/P) ending balance be at the end of March if the beginning A/P balance was zero at the beginning of January?
Question 3: Based on the assumptions given in questions 1 and 2 regarding A/P terms and policies, what is the dollar amount adjustment (if none input 0), CNE Inc. needs to make to inventory in the month of April? Questions 4 and 5 will test your knowledge on how to set up a loan amortization.
Question 4: In the month of April, what will be CNE Inc. interest payment on its $800,000 loan?
Question 5: In the month of April what is the remaining dollar amount balance on CNE Inc.'s loan? Lastly, questions 6 through 8 will test your knowledge on how to account for stock and cash dividends.
Question 6: Given CNE Inc.'s stock and cash dividend declaration, what is the dollar amount impact to its balance sheet account "Cash Dividend Payable" (if none enter 0), in the month of March?
Question 7: Given CNE Inc.'s stock and cash dividend declaration, what is the dollar amount impact to its balance sheet account "Additions to Paid in Capital", (if none enter 0), in the month of March?
Question 8: Given CNE Inc.'s cash dividend, what is the dollar amount impact to CNE Inc.'s overall shareholder equity at the time of the time of declaration?
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