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Question 2 of 5 < - / 2 5 Crane Ltd . is a small restaurant and culinary business started four years ago by Kimberly
Question of Crane Ltd is a small restaurant and culinary business started four years ago by Kimberly Young. Initially the company's operations consisted of a small diner. In the company added online culinary lessons to expand sales. The online culinary events are sold to corporations that provide the lessons as performance incentives to their employees. As the culinary lessons side of the business grew in the company purchased a used vehicle to deliver meal kits to be used for the lessons. All sales in the diner are cash, debit, or credit card, but culinary lessons, which are sold to corporations, are invoiced after the event with payment due in days. Most of the Company suplers offer terms of S day, Selected financialinformation for Crane Ltd folows. Assets Cash $ $ Accounts receivable Inventory Land Building and equipment Total assets $ $ Liabilities and equity Total assets Liabilities and equity Accounts payable Shortterm note payable Mortgage payable current Mortgage payable Share capital Retained earnings Total liabilities and equity Other information Sales Cost of goods sold Net income $ $ $ $ $ $ $ $ find net credit sales
Question of
Crane Ltd is a small restaurant and culinary business started four years ago by Kimberly Young. Initially the company's operations consisted of a small diner. In the company added online culinary lessons to expand sales. The online culinary events are sold to corporations that provide the lessons as performance incentives to their employees. As the culinary lessons side of the business grew in the company purchased a used vehicle to deliver meal kits to be used for the lessons. All sales in the diner are cash, debit, or credit card, but culinary lessons, which are sold to corporations, are invoiced after the event with payment due in days. Most of the
Company suplers offer terms of S day, Selected financialinformation for Crane Ltd folows.
Assets
Cash
$
$
Accounts receivable
Inventory
Land
Building and equipment
Total assets
$
$
Liabilities and equity
Total assets
Liabilities and equity
Accounts payable
Shortterm note payable
Mortgage payable current
Mortgage payable
Share capital
Retained earnings
Total liabilities and equity
Other information
Sales
Cost of goods sold
Net income
$
$
$
$
$
$
$
$
find net credit sales
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