The FastForward Company balance sheet shows cash $5,000, accounts receivable $7,000, office equipment $3,000, and accoun
Posted: Fri Jul 01, 2022 8:38 am
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 1 (36.19 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 2 (36.19 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 3 (28.37 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 4 (26.27 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 5 (23.56 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 6 (32.53 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 7 (30.79 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 8 (52.96 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 9 (25.24 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 10 (25.54 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 11 (28.77 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 12 (21.18 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 13 (26.78 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 14 (17.08 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 15 (20.07 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 16 (23.49 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 17 (23.8 KiB) Viewed 38 times
- The Fastforward Company Balance Sheet Shows Cash 5 000 Accounts Receivable 7 000 Office Equipment 3 000 And Accoun 18 (21.36 KiB) Viewed 38 times
A primary operating objective of a business is to increase the equity of its owner or owners by O acquiring assets O incurring liabilities O earning a profit O incurring expenses
Accounting entry - Paid for Cleaning the office, $500 O Dr Revenue, Cr Cash - $500 Dr Cash, Cr Cleaning Expense - $500 O Dr Cleaning Expense, Cr Cash - $500 none of the above
Sales = 60,000, Variable cost = 20,000, Fixed cost = 12,000. What is the breakeven point in $'s? O 36,000 O 18,000 O 20,000 O 30,000
Which of the following accounting principles would require that all goods and services purchased be recorded at cost? O Going concern principle O Currency principle O Historical cost principle O Business entity principle
Google may O Win the case because it is not a monopoly Lose the case because it controls 90% of the searches Win the case because it can hire the best lawyers Win the case because it charges nothing
Today, Cedar Park Company paid $600 of its accounts payable in cash. What is the effect on the accounting equation? O O Assets, $600 increase; liabilities, no effect; equity, $600 increase. Assets, $600 decrease; liabilities, $600 decrease; equity, no effect. Assets, $600 decrease; liabilities, $400 increase; equity, $200 decrease Assets, no effect; liabilities, $600 decrease; equity, $400 increase
Sales Price per unit = 6, Variable cost = 2. Fixed cost = 12,000. What is the breakeven point in units? O Option 1 O 3000 O 6000 O Cannot be determined
Depreciation results in Cash outflow O Depends on the value of the asset O Depends on the cash balance Depends on the method of depreciation O Does not affect Cash
If the value of an Asset increases, the accounts should be updated.( Assume in the normal course of business) O Always true O Sometimes true O Always false O None of the above
If assets are $175,000 and equity is $47,000, then liabilities equal O $47,000 O $128,000 O $175,000 O $204,000
Accounting entry - Owner withdrawing money, $6,000 Dr Revenue, Cr Cash - $6,000 O Dr Expense, Cr Cash - $6,000 O Dr Cash, Cr Expense 6,000 O None of the above
Profit is another name for O the income statement O income O equity O a business transaction
Higher profits must O Increase Cash Balance O Increase Accounts Payable O Increase Accounts Receivble O Increase Equity
Sales Price per unit = 6, Variable cost = 3. Fixed cost = 12,000. What is the breakeven point in $'s? O 200 O 4000 O 6000 O None of the above
Accounting entry - Paid for Utilities, $600 O Dr Revenue, Cr Cash - $600 O Dr Cash, Cr Utility - $600 O Dr Utility Expense, Cr Cash - $600 O none of the above
Higher the Margin of Safety, lower the financial risk Depends on Costs O Depends on Sales O Depends on Contribution O True