Quiz 3

Started: Oct 9 at 12:06pm

Quiz Instructions
Note: this is a timed quiz. You may check the remaining time you have at any point while taking the quiz
by pressing the keyboard combination SHIFT, ALT, and T... Again: SHIFT, ALT, and T...

Flag this Question

Question 13 pts

1. The following selected information is shown in the financial statements of BER

Company:

Cash and cash equivalent P205,000

Prepaid Expense 100,000

Inventories 150,000

Trade and other receivables 180,000

Total Non-current assets 1,800,000

Total Liabilities 1,500,000

Shareholders’ Equity 1,000,000

Net Sales 1,300,000

 
In the common-size statement of financial position, prepaid expense will have a
proportional percentage of?
The Gross Profit of Easy Company for the year ended December 31, 2016 is 65% with an
absolute value of P850,000. The operating expenses has a proportional percentage of 20%.
How much is the absolute peso amount of the operating expenses?
 1. 2.

3. 4.

5. 6.

7. 8.

9. 10.

12. The following

selected
information
are made
11. available by
Manny C
Company for
the current
year:

 
Accounts Payable
120,000
Bonds Payable
800,000
Warranty payable
200,000
Total Liabilities
1,300,000
Net Sales
1,650,000
Total Assets
2,200,000
 
In the common-size statement of financial position, what will be the proportional percentage of
bonds payable?
The total Noncurrent asset of CAM Company is P1,000,000 and the Equity is 1,900,000. The
company has no liabilities during the period. If cash and cash equivalent is 500,000, what will be
its proportional percentage in the common-size statement of financial position?

Quiz 3
Started: Oct 9 at 12:06pm

Quiz Instructions
Note: this is a timed quiz. You may check the remaining time you have at any point while taking the quiz
by pressing the keyboard combination SHIFT, ALT, and T... Again: SHIFT, ALT, and T...

Top of Form

Flag this Question

Question 1 pts

2. The following selected information is shown in the financial statements of BER

Company:

Cash and cash equivalent P205,000

Prepaid Expense 100,000

Inventories 150,000

Trade and other receivables 180,000

Total Non-current assets 1,800,000

Total Liabilities 1,500,000

 Shareholders’ Equity 1,000,000

Net Sales 1,300,000

In the common-size statement of financial position, prepaid expense will have a proportional
percentage of?
HTML EditorKeyboard Shortcuts

12pt

Paragraph

0 words

 
Flag this Question

Question 2 pts
The Gross Profit of Easy Company for the year ended December 31, 2016 is 65% with an
absolute value of P850,000. The operating expenses has a proportional percentage of 20%.
How much is the absolute peso amount of the operating expenses?
HTML EditorKeyboard Shortcuts

12pt
Paragraph

0 words

 
Flag this Question

Question 3 pts

13. The following selected information are made available by Manny C Company for the
current year:
 Accounts Payable 120,000

Bonds Payable 800,000

Warranty payable 200,000

Total Liabilities 1,300,000

Net Sales 1,650,000

Total Assets 2,200,000

In the common-size statement of financial position, what will be the proportional percentage of
bonds payable?
HTML EditorKeyboard Shortcuts

12pt

Paragraph

0 words

 
Flag this Question

Question 4 pts
The total Noncurrent asset of CAM Company is P1,000,000 and the Equity is 1,900,000. The
company has no liabilities during the period. If cash and cash equivalent is 500,000, what will be
its proportional percentage in the common-size statement of financial position?
HTML EditorKeyboard Shortcuts

12pt

Paragraph

0 words
 
Flag this Question

Question 5 pts
Bundoc Corporation provided the following comparative information:

                                                                           2016                                        
2015                                         2014

Current Assets                                        175,000                                  

140,000                                   135,000

Noncurrent Assets                                855,000                                  

750,000                                   550,000

Accounts Payable                                  100,000                                    

90,000                                     70,000

Bonds Payable                                        800,000                                  

600,000                                   650,000

Retained Earnings                                 130,000                                  

120,000                                   140,000     

Requirement: Show the trend percentage of the following accounts (2pts each):

Current Assets _______________

Noncurrent Assets _______________

Accounts Payable _______________

Bonds Payable _______________

Retained Earnings _______________

Bottom of Form

2016
2015
2014

Current Assets
175,000
140,000
135,000
Noncurrent Assets
855,000
750,000
550,000
Accounts Payable
100,000
90,000
70,000
Bonds Payable
800,000
600,000
650,000
Retained Earnings
130,000
120,000
140,000
 
What would be the index of 2015 retained earnings using 2016 as base?