Question: Mc 6 Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst




Mc 6 Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2024 (its fourth year), Massa's account balances were as follows. Dollars are in thousands. 2 Accounts payable po Accounts receivable $1,600 8,900 Additional paid-in capital 3,740 Cash 3,700 Comson Stock (00.10 par value) Consulting Fee Revenue 0 Interest Raven 0 Long-Term Investments Long-Term Notes Payable Bent Expense $7,300 1.900 Retained earnings Travel Expense 7,300 Mages Expense Unearned Revenue 4,600 Utilities expense Pr H 14 10 References Transactions for 2024 a. Provided $59,900 in services to clients who paid $49,500 in cash and owed the rest on account b. Received $5,800 cash from clients on account. c. Received $510 in cash as interest revenue on investments. d. Paid $34,600 in wages, $12,300 in travel, $7,000 in rent, and $800 on accounts payable. e. Received $1,000 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $750 for 2024 services. g. Declared and immediately paid $300 in dividends to stockholders. Required: 1. Using the data from this list, calculate the amounts for the following on January 1, 2024. 2. Enter the beginning balances and 2024 transactions in the T-accounts. 3. Compute ending balances in the T-accounts to determine amounts for the following on December 31, 2024. 4. Calculate the net profit margin ratio for 2024. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Heine the data from this list alate the amount for the following an anan 3034 Prey 6 of 6 Next Check my work
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