Academic help online

Answer the following:
1. How does the automated system improve the efficiency and timeliness of financial
statements?
2. How does the automated system enhance the relevance of the information provided?
3. How does the automated system enhance the decision making process?
Select the correct answer and show your calculations for the following questions:
4. At the beginning of the year, a company s balance sheet reported the following balances: Total
Assets = $125,000; Total Liabilities = $75,000; and Owner s Capital = $50,000. During the year,
the company reported revenues of $46, 000 and expenses of $30, 000. In addition, owner s
withdrawals for the year totaled $20,000. Assuming no other changes to owner s capital, the
balance in the owner s capital account at the end of the year would be:
A. $66,000
B. $86,000
C. $(4,000)
D. $46,000
E. $54,000
5. A company had average total assets of $982,450 and net income of $190,700 and reports
various segment information. Segment A had average total assets of $437,800 and segment
operating income of $98,230. Segment B had average assets of $151,200 and segment operating
income of $16,190. Calculate the segment return on assets for Segment A.
A. 19.4%
B. 22.4%
C. 26.1%
D. 10.7%
E. 20.2%
6. Use the information in the adjusted trial balance presented below to calculate current assets for
Jones Company:
Account Title Dr. Cr.
Cash 23,000
Accounts receivable 16,000
Prepaid insurance 6,600
Equipment 100,000
Accumulated Depreciation Equipment 50,000
Land 95,000
Accounts payable 17,000
Interest payable 2,400
Unearned revenue 5,000
Long term notes payable 30,000
J. Jones, Capital 136,200
Totals 240,600 240,600
A. $21,200
B. $45,600
C. $24,400
D. $95,600
E. $41,200

All Rights Reserved, usbestwriters.com
Disclaimer: You will use the product (paper) for legal purposes only and you are not authorized to plagiarize. In addition, neither our website nor any of its affiliates and/or partners shall be liable for any unethical, inappropriate, illegal, or otherwise wrongful use of the Products and/or other written material received from the Website. This includes plagiarism, lawsuits, poor grading, expulsion, academic probation, loss of scholarships / awards / grants/ prizes / titles / positions, failure, suspension, or any other disciplinary or legal actions. Purchasers of Products from the Website are solely responsible for any and all disciplinary actions arising from the improper, unethical, and/or illegal use of such Products.