Questions from Accounting Principles


Q: Key comparative figures for both Apple and Google follow. /

Key comparative figures for both Apple and Google follow. Required 1. What is the total amount of assets invested for the current year in (a) Apple and (b) Google? 2. What is the current year return...

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Q: Key comparative figures for Apple, Google, and Samsung follow.

Key comparative figures for Apple, Google, and Samsung follow. Required 1. Compute Samsung’s debt ratio for the current year and prior year. 2. Did Samsung’s finan...

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Q: Key comparative figures for Samsung, Apple, and Google follow.

Key comparative figures for Samsung, Apple, and Google follow. Required 1. Compute profit margin for Samsung, Apple, and Google. 2. Which company is least successful on the basis of profit margin?

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Q:  The following selected information is available from Samsung’s financial statements.

 The following selected information is available from Samsung’s financial statements. Required 1. Compute Samsung’s current ratio for both the cur...

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Q: Key comparative figures for Samsung, Apple, and Google follow.

Key comparative figures for Samsung, Apple, and Google follow. Required 1. Compute the gross margin ratio for each of the three companies. 2. Is Samsung’s gross margin ratio better o...

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Q: AA 26-3 Samsung invested $21,766 in the

AA 26-3 Samsung invested $21,766 in the current year to expand its manufacturing capacity. Assume that these assets have an 8-year life and generate net cash flows of $4,000 per year, and that Samsung...

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Q: Church Company completes these transactions and events during March of the current

Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 purchased $43,600 of merchandise from Van Industries, te...

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Q: Wised Company completes these transactions during April of the current year (

Wised Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. 2 purchased $14,300 of merchandise on credit from North Company, te...

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Q: The April transactions of Wised Company are described in Problem 7-

The April transactions of Wised Company are described in Problem 7-2A. Required 1. Prepare a general journal, purchases journal, and cash payments journal. Number all journal pages as page 3. Enter t...

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Q: Chavez Company most recently reconciled its bank statement and book balances of

Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No. 5888 for $1,028 and No. 5893 for $494. Check No. 5893 was...

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