Screen Shot 2020-10-06 at 6.44.00 PM Screen Shot 2020-10-06 at 6.45.20 PM Screen Shot 2020-10-06 at 6.45.49 PM Search Q Search Q Search Prepare Telo's classified balance sheet as of December 31. As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Sales and Costs for Competing Companies TELO Balance Sheet December 31 Assets Telo Creft Wozz $100,000 $80,000 Current assets Inventory Accounts receivable Cash Supplies $60,000 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances? $40,000 $ 0 Total current assets Plant assets Buildings, net Land Complete this question by entering your answers in the tabs below. $20,000 $0 Required 1 Required 2 Required 3 Sales 0 Cost of Pios spoob Total plant assets Total assets $ 0 Which of following actions would increase the amount of cash available to Telo? (Select all that apply) Liabilities Telo's Assets Amounts at December 31 Credit Terms (Days) Current liabilities Accounts payable Common stock Wages payable Total current liabilities Long-term liabilities Reduce the credit period for its credit sales to customers. Increase the credit period for its credit sales customers. Increase the inventory available for sale. Negotiating an increase in the credit period for purchases with suppliers. Supplies Accounts receivable $ 0 Telo Land Creft Total liabilities O Equity Inventory Wozz Cash Buildings 0 10 20 30 40 50 Screen Shot 2020-10-06 at 6.44.18 PM - Edited 60 70 0 Total equity Total liabilities and equity 0 G Q Search Screen Shot 2020-10-06 at 6.46.07 PM Q Search Telo's Liabilities & Equity Amounts at December 31 Customer Return Policies Across Competitors 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances? Retained Earnings Wages payable Common Stock Complete this question by entering your answers in the tabs below. O. Creft Telo Notes payable Required 1 Required 2 Required 3 Accounts payable Wozz . Which one of the following actions would most likely reduce sales returns and allowances? tableau 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances? Which one of the following actions would most likely reduce sales returns and allowances? Screen Shot 2020-10-06 at 6.44.00 PM Screen Shot 2020-10-06 at 6.45.20 PM Screen Shot 2020-10-06 at 6.45.49 PM Search Q Search Q Search Prepare Telo's classified balance sheet as of December 31. As owner of Telo, a startup business, you are struggling to generate enough gross profit to compete with Creft and Wozz. Also, your business frequently runs low on cash. To help determine how to fix these issues, you review the following Tableau Dashboard. Sales and Costs for Competing Companies TELO Balance Sheet December 31 Assets Telo Creft Wozz $100,000 $80,000 Current assets Inventory Accounts receivable Cash Supplies $60,000 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances? $40,000 $ 0 Total current assets Plant assets Buildings, net Land Complete this question by entering your answers in the tabs below. $20,000 $0 Required 1 Required 2 Required 3 Sales 0 Cost of Pios spoob Total plant assets Total assets $ 0 Which of following actions would increase the amount of cash available to Telo? (Select all that apply) Liabilities Telo's Assets Amounts at December 31 Credit Terms (Days) Current liabilities Accounts payable Common stock Wages payable Total current liabilities Long-term liabilities Reduce the credit period for its credit sales to customers. Increase the credit period for its credit sales customers. Increase the inventory available for sale. Negotiating an increase in the credit period for purchases with suppliers. Supplies Accounts receivable $ 0 Telo Land Creft Total liabilities O Equity Inventory Wozz Cash Buildings 0 10 20 30 40 50 Screen Shot 2020-10-06 at 6.44.18 PM - Edited 60 70 0 Total equity Total liabilities and equity 0 G Q Search Screen Shot 2020-10-06 at 6.46.07 PM Q Search Telo's Liabilities & Equity Amounts at December 31 Customer Return Policies Across Competitors 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances? Retained Earnings Wages payable Common Stock Complete this question by entering your answers in the tabs below. O. Creft Telo Notes payable Required 1 Required 2 Required 3 Accounts payable Wozz . Which one of the following actions would most likely reduce sales returns and allowances? tableau 1. Prepare Telo's classified balance sheet as of December 31. 2. Which of following actions would increase the amount of cash available to Telo? 3. Which one of the following actions would most likely reduce sales returns and allowances? Which one of the following actions would most likely reduce sales returns and allowances
