$\backslash$table$[[$The following merchandise transactions occurred in December. Both companies use a perpetual inventory system.$],[$Dec$.,3,\backslash$table$[[$Culver Ltd$.$ sold soods to Pronghom Corp. for $$72,600,$ terms $\frac{N}{15},$ FOB shipping point. The inventory had cost$],[$Culver $$38,600.$ Culver's management expected a return rate of $3\%$ based on prior experience.$]]],[,7,$Shipping costs of $$1\mathrm{.}000$ were pald by the appropriate company.$],[,8,\backslash$table$[[$Pronghorn returned umwanted menchandise to Culver. The returned merchandise has a sales price of $$2,240,$ and a$],[$cost of $$1\mathrm{.}200.$ It was restored to irmentory.$]]],[,11,$Culver recelved the balance due from Pronghorn.$]]$

$($a$)$

Record the above transactions in the books of Culver. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $\text{'}$No Entry for the account titles and enter o for the amounts. Round answers to the nearest whole dollar, e$.$s$.5\mathrm{.}275,$

Current Attempt in Progress

In your new financial analyst role, you have been asked to prepare a brisf overview of capital$-$intensive companies. A capital$-$intensive company is one that carries a sienificant level of capital to generate revenue. Your presentation will point out that the make$-$up of these capital assets can vary greatly, depending on the type of compary.

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TWC Enterprises Ltd$.($owners of Clublink golf clubs$)$ is very capital$-$intensive. What proportion of TWC Enterprise Limited's total assets are capital assets?

Capital assets are $65\%$ of total assets $-$ Property. plant, and equipment.

Capital assets are $84\%$ of total assets and include mostly property. plant. and equipment $(65\%)$ plus other smaller capital asset groups $($intangibles $(2\%6),$ other assets $(15\%6),$ right$-$of$-$use assets $(296)).$

Capital assets are $66\%$ of total assets $-$ Property, plant, and equipment $(6596)$ and Intangibles $(296).$

Capital assets are $100\%$ all of TWC$\text{'}$s assets.

Comparing TWC to Bausch Health did each company senerate enough cash from operations to fund irvestment in capital assets in $2020?$

Both Bausch Health and TWC generated sufficient cash from operations to fund investing activities.

Only Bausch Health did by generating $$1\mathrm{.}111$ M from operations and irvesting $$251M$ in capital assets.

Only TWC did by generating $$33M$ in cash from operations and investing $$15M$ in investing activities.

Neither company did as irvesting activities is negative for both companies.

What was the most sigrificant difference in asset$-$type between Bausch Health and TWC in $2020?$

The majority of Bausch Health's assets are comprised of goodwill and intangibles $($both capital assets$)$ while the majority of TWC$\text{'}$s assets are comprised of property, plant, and equipment $($also a capital asset$)$

Property, plant, and equipment is a significant capital asset type for both companies.

Bausch Health has more capital assets vs$.$ current assets.

Property. plant and equipment is more important capital asset for Bausch given that it's $$1\mathrm{.}6B$ vs$.$ $$410\mathrm{.}4M$ for TWC