Business, 07.07.2020 20:01 shayshayyy41

The accounting records of Compass Point Wireless include the following as of December 31, 2016: Accounts Payable 71,000 Salaries Payable 10,500
Mortgages Payable (long term) 80,000 Bonds Payable(current portion) 24,000
Interest Payable 17,000 Premium on Bonds Payable 10,000
Bonds Payable (long term) 64,000 Unearned Revenue (short-term) 2,400
Total Stockholders Equity 160,000
Requirements
1. Report these liabilities on the Compass Point Wireless balance sheet, including headings and totals for current liabilities and long-term liabilities.
2. Compute Compass Point Wireless's debt to equity ratio at December 31, 2016.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 14:50

Baker industries’s net income is $24,000, its interest expense is $5,000, and its tax rate is 40%. its notes payable equals $27,000, long-term debt equals $75,000, and common equity equals $250,000. the firm finances with only debt and common equity, so it has no preferred stock. what are the firm’s roe and roic?

Answers: 2

Answer

Business, 22.06.2019 11:30

Money from an allowance or job is known as .

Answers: 3

Answer

Business, 22.06.2019 13:10

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

Answers: 1

Answer

Business, 22.06.2019 13:20

Last year, johnson mills had annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. the firm paid $700 in dividends and had a tax rate of 35 percent. the firm added $2,810 to retained earnings. the firm had no long-term debt. what was the depreciation expense?

Answers: 2

Answer

You know the right answer?

The accounting records of Compass Point Wireless include the following as of December 31, 2016: Acc...

Questions