2.
a. Provided $59,600 in services to clients who paid $49,400 in cash and owed the rest on account. b. Recelved $6,500 cash from clients on account. c. Received $430 in cash as interest revenue on investments. d. Paid $35,300 in wages, $12,100 in travel, $6,800 in rent, and $1,500 on accounts payable. e. Received $1,200 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $700 for 2024 services. g. Deciared and immediately paid $310 in dividends to stockholders. Required: 1. Using the data from this list, calculate the amounts for the following on January 1,2024. 2. Enter the beginning balances and 2024 transactions in the T-accounts. 3. Compute ending balances in the T-accounts to determine amounts for the following on December 31,2024. 4. Calculate the net profit margin ratio for 2024. Complete this question by entering your answers in the tabs below. Calculate the net profit margin ratio for 2024. Note: Round your answer to 2 decimal places. a. Provided $59,600 in services to clients who paid $49,400 in cash and owed the rest on account. b. Recelved $6,500 cash from clients on account. c. Received $430 in cash as interest revenue on investments. d. Paid $35,300 in wages, $12,100 in travel, $6,800 in rent, and $1,500 on accounts payable. e. Received $1,200 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $700 for 2024 services. 9. Declared and immediately paid $310 in dividends to stockholders. equired: Using the data from this list, calculate the amounts for the following on January 1, 2024. - Enter the beginning balances and 2024 transactions in the T-accounts. Compute ending balances in the T-accounts to determine amounts for the following on December 31,2024. Calculate the net profit margin ratio for 2024. Complete this question by entering your answers in the tabs below. Compute ending balances in the T-accounts to determine amounts for the following on December 31,2024 : Note: Enter your answers in thousands, not in dollars. Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2024 (its fourth year), Massa's account balances were as follows, Dollars are in thousands. Transactions for 2024: a. Provided $59,600 in services to clients who paid $49,400 in cash and owed the rest on account. b. Received $6,500 cash from clients on account. c. Recelved $430 in cash as interest revenue on investments. d. Paid $35,300 in wages, $12,100 in travel, $6,800 in rent, and $1,500 on accounts payable. e. Recelved $1,200 in cash from clients in advance of services Massa will provide next year. f. Recelved a utility bill for $700 for 2024 services. 9. Declared and immediately paid $310 in dividends to stockholders. Required: 1. Using the data from this list, calculate the amounts for the following on January 1,2024. 2. Enter the beginning balances and 2024 transactions in the T-accounts. 3. Compute ending balances in the T-accounts to determine amounts for the following on December 31, 2024. 4. Calculate the net profit margin ratio for 2024. fannett Company, Incorporated, states in a recent annual report that it is "an innovative, digitally focused media and marketing olutions company committed to fostering the communities in our network and helping them buld relationships with their local usinesses." Gannett owns medio assets including "USA TODAY, local media organizations in 46 states in the US. and Guam, and. lewsquest" in the United Kingdom with over 140 local media brands) Gannetr also owns digitai marketing services companies. eachlocal, UpCurve, WordStream, and runs the largest U.S, media-owned events business Gatehouse Live. Ganniott's annual report ncluded the following accounts. Dollars are in milions: equired: For each T-account, compute the missing amounts. a. Provided $59,600 in services to clients who paid $49,400 in cash and owed the rest on account. b. Recelved $6,500 cash from clients on account. c. Received $430 in cash as interest revenue on investments. d. Paid $35,300 in wages, $12,100 in travel, $6,800 in rent, and $1,500 on accounts payable. e. Received $1,200 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $700 for 2024 services. g. Deciared and immediately paid $310 in dividends to stockholders. Required: 1. Using the data from this list, calculate the amounts for the following on January 1,2024. 2. Enter the beginning balances and 2024 transactions in the T-accounts. 3. Compute ending balances in the T-accounts to determine amounts for the following on December 31,2024. 4. Calculate the net profit margin ratio for 2024. Complete this question by entering your answers in the tabs below. Calculate the net profit margin ratio for 2024. Note: Round your answer to 2 decimal places. a. Provided $59,600 in services to clients who paid $49,400 in cash and owed the rest on account. b. Recelved $6,500 cash from clients on account. c. Received $430 in cash as interest revenue on investments. d. Paid $35,300 in wages, $12,100 in travel, $6,800 in rent, and $1,500 on accounts payable. e. Received $1,200 in cash from clients in advance of services Massa will provide next year. f. Received a utility bill for $700 for 2024 services. 9. Declared and immediately paid $310 in dividends to stockholders. equired: Using the data from this list, calculate the amounts for the following on January 1, 2024. - Enter the beginning balances and 2024 transactions in the T-accounts. Compute ending balances in the T-accounts to determine amounts for the following on December 31,2024. Calculate the net profit margin ratio for 2024. Complete this question by entering your answers in the tabs below. Compute ending balances in the T-accounts to determine amounts for the following on December 31,2024 : Note: Enter your answers in thousands, not in dollars. Massa Company, which has been operating for three years, provides marketing consulting services worldwide for dot-com companies. You are a financial analyst assigned to report on the Massa management team's effectiveness at managing its assets efficiently. At the start of 2024 (its fourth year), Massa's account balances were as follows, Dollars are in thousands. Transactions for 2024: a. Provided $59,600 in services to clients who paid $49,400 in cash and owed the rest on account. b. Received $6,500 cash from clients on account. c. Recelved $430 in cash as interest revenue on investments. d. Paid $35,300 in wages, $12,100 in travel, $6,800 in rent, and $1,500 on accounts payable. e. Recelved $1,200 in cash from clients in advance of services Massa will provide next year. f. Recelved a utility bill for $700 for 2024 services. 9. Declared and immediately paid $310 in dividends to stockholders. Required: 1. Using the data from this list, calculate the amounts for the following on January 1,2024. 2. Enter the beginning balances and 2024 transactions in the T-accounts. 3. Compute ending balances in the T-accounts to determine amounts for the following on December 31, 2024. 4. Calculate the net profit margin ratio for 2024. fannett Company, Incorporated, states in a recent annual report that it is "an innovative, digitally focused media and marketing olutions company committed to fostering the communities in our network and helping them buld relationships with their local usinesses." Gannett owns medio assets including "USA TODAY, local media organizations in 46 states in the US. and Guam, and. lewsquest" in the United Kingdom with over 140 local media brands) Gannetr also owns digitai marketing services companies. eachlocal, UpCurve, WordStream, and runs the largest U.S, media-owned events business Gatehouse Live. Ganniott's annual report ncluded the following accounts. Dollars are in milions: equired: For each T-account, compute the missing amounts
