Chesterfield Company has cash of $60,000, inventory worth $110,000, and a building worth $140,000. Unfortunately, the company
Question:
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
Free Assets Cash 60000 Excess from Assets Pledged wit...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Question Posted:
Students also viewed these Accounting questions
-
How much money will be distributed in all to common stockholder?
-
Chesterfield Company has cash of $50,000, inventory worth $90,000, and a building worth $130,000. Unfortunately, the company also has accounts payable of $180,000, a note payable of $80,000 (secured...
-
The Walston Company is to be liquidated and has the following liabilities: Income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,000 Notes payable...
-
Marc & Kent operate a vineyard as partners. The partnership trades under the business name Victor Estate. Victor Estate has prepared a general ledger for the 2023 income year showing the following...
-
What is the net asset value of an investment company with $10,000,000 in assets, $790,000 in current liabilities, and 1,200,000 shares outstanding?
-
Why is arriving at a figure for drawings that is as accurate as possible very important for the owner of a business?
-
3. An appraiser valued a subsidiary of Signal Co. at between $230 million and $260 million. Six months later, Burmah Oil offered to buy the subsidiary at $480 million, giving Signal only three days...
-
Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period. July 1 Established petty cash fund by writing a check on Scranton Bank...
-
The three expense accounts related to payroll are Employee salaries expense Employee benefits expenses Employee bonus and commissions expense B. The pay roll expenses account are cleared to zero in...
-
Exotic Electronics Canada (EEC), headquartered in Toronto, has been in business in the communication industry since 2010 producing and supplying electronic software in North America and Europe as...
-
How is goodwill computed if fresh start accounting is applied to a reorganized company?
-
A statement of financial affairs created for an insolvent corporation that is beginning the process of liquidation discloses the following data (assets are shown at net realizable values): Assets...
-
Larsen E. Pulp, head of Pulp Fiction Publishing Co., just got some bad news: The price of paper, the companys most important input, has increased. a. On a supply/demand diagram, show what will happen...
-
Which of the following is not performed by computer-assisted audit programs? a. Scanning or examining computer records. b. Checking computations. c. Comparing data on different records. d. Assessing...
-
The data show the number of school districts in each state in the United States. Construct a frequency distribution using six classes for the data and summarize the results. 134 54 627 255 1042 198 1...
-
The legal environment in which a public accountant in Canada operates is changing. Discuss some of the reasons for the changes.
-
How does the auditor document the assessment of corporate governance?
-
Which of the following is a description of the integrated test facility? a. Simulated data and actual client data are processed with the client's computer program. b. Simulated data are processed on...
-
The music player on an iPhone plays each of 10 songs. Once a song is played, it is not repeated until all the songs have been played. In how many different ways can the player play the 10 songs?
-
Consider a closed, rigid tank with a volume of 0.8L, filled with cold water initially at 27C. The tank is filled such that there are no voids (air pockets) within. The initial pressure within the...
-
Creditors of Jones Corporation are considering petitioning the courts to force the company into Chapter 7 bankruptcy. The following information has been determined. Administrative expenses in...
-
Anteium Company owes $80,000 on a note payable that is currently due. The note is held by a local bank and is secured by a mortgage lien attached to three acres of land worth $48,000. The land...
-
Anteium Company owes $80,000 on a note payable that is currently due. The note is held by a local bank and is secured by a mortgage lien attached to three acres of land worth $48,000. The land...
-
Bond Current Rating End year 1 payoff End year 2 payoff End year 3 payoff X A $6 mil $6 mil $ 106 mil N BB $ 5 mil $5 mil $ 105 mil
-
Ethical public speaking begins before you start writing your speech. Group of answer choices True False
-
A role that directly generates revenue for an employer is a ______ value creator value enabler competency job
Study smarter with the SolutionInn App