Search Results: 'payable'
Digitizing Accounts Payable Documents
When accounting files are sent to the archives at the end of the year, the portion taken up by the accounts payable documents usually exceeds that of all other documents combined. For some companies... More > with high accounts payable files, it is a major expense to remove all the paperwork, box it up and identify it, and ship it off to a warehouse, from which it must be recalled occasionally for various tasks. Digitizing the documents is a means of avoiding the expense of archiving.< Less
Reduce Required Approvals for Accounts Payable
The accounts payable process is typically a long one. Part of the problem is that many accounting systems require a manager’s signature (or those of several managers!) on a supplier invoice... More > before it can be paid. Also, most accounting systems require a manager’s signature on unapproved invoices, no matter how small the invoice may be. The result of these common approval procedures is that the accounts payable staff delivers invoices to managers for signatures and then waits until the documents are returned before proceeding further with the payment process.< Less
Calculation of Stockholder's Equity
"Based on the following information, calculate stockholders' equity:
Cash = $30;
Total current liabilities = $80;
Accounts receivable = $30;
Inventory = $90;
Net fixed assets = $220;... More >
Accounts payable = $20;
Long term debt = $50.
Cash Receipts and Payments Schedule
a. Cash production costs are budgeted at $6 per unit produced. Of these production costs, 40% are paid in the month in which they are incurred and the balance in the following month. Selling and... More > administrative expenses (all of which are paid in cash) amount to $120,000 per month. The accounts payable balance on March 31 totals $192,000, all of which will be paid in April. Prepare a schedule for each month showing budgeted cash disbursements for Carter Company.< Less
Cash Receipts and Cash Disbursements Schedule
"a. Prepare a schedule for each month showing budgeted cash disbursements for the Tilson Company.
b. Prepare a schedule for each month showing budgeted cash receipts for Tilson Company.
Computation of Order Placements
"a. Calculate the cash that Tab Comp can expect to collect during April. Show all of your calculations.
b. Determine the number of computer hardware units that should be ordered in January. Show... More > all of your calculations.
Determination of Shareholder’s Equity
Construct a balance sheet for xyz company from the following data. What’s the shareholder’s equity? Cash balance is $10,000. Inventory is $200,000. Store and property is $100,000.... More > Accounts Receivable is $20,000. Accounts Payable is $15,000 and Long term Debt is $170,000.< Less
Calculation of Current Stock Price
"Based on the corporate valuation model, Morgan Inc.’s value of operations is $300 million. The balance sheet shows $90 million of notes payable, $30 million of long-term debt, $40... More > million of preferred stock, and $100 million of common equity. The company has 10 million shares of stock outstanding. What is the best estimate of the stock’s price per share?