The Brickyard Co posted the following figures for their current accounts: Beginning Ending Cash $ 160...
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The Brickyard Co posted the following figures for their current accounts: Beginning Ending Cash $ 160 $ 333 Accounts receivable 1975 3710 Inventory 405 2887 Current assets Accounts Receivable Inventory S Payables $ Accruals $ $2540 Total S Accounts payable Accruals $6930 Current liabilities Beginning Ending $723 $2013 238 453 1. Write the answers to the following which would indicate the CHANGE in the Current accounts over the beginning and ending period. A minus sign will indicate any decreases in cash or outflows. No $ signs, add commas $961 $2466 If you knew that the business revenues had increased by 8% last year, given your answer to the Change in Current Account, would you be concerned? Hint: Look at the percent increase in A/R and inventory figures and compare to the percentage increase in revenues. Answer Yes or No The reason for this that the percent increase in receivables and inventory figures is the same) as the percentage increase in revenue. (write in the word: higher, lower, The Brickyard Co posted the following figures for their current accounts: Beginning Ending Cash $ 160 $ 333 Accounts receivable 1975 3710 Inventory 405 2887 Current assets Accounts Receivable Inventory S Payables $ Accruals $ $2540 Total S Accounts payable Accruals $6930 Current liabilities Beginning Ending $723 $2013 238 453 1. Write the answers to the following which would indicate the CHANGE in the Current accounts over the beginning and ending period. A minus sign will indicate any decreases in cash or outflows. No $ signs, add commas $961 $2466 If you knew that the business revenues had increased by 8% last year, given your answer to the Change in Current Account, would you be concerned? Hint: Look at the percent increase in A/R and inventory figures and compare to the percentage increase in revenues. Answer Yes or No The reason for this that the percent increase in receivables and inventory figures is the same) as the percentage increase in revenue. (write in the word: higher, lower,
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Changes Ending figure begining figure Accounts receivable Inventory Payables Accruals ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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