Grid iron prep inc. (gipi) is a service business incorporated in january of the current year to provide personal training for athletes aspiring to play college football. the following transactions occurred during the month ended january 31.1. gipi issued stock in exchange for $100,000 cash on 1/01.2. gipi purchased a gymnasium building and gym equipment on 1/02 for $50,000, 80% of which related to the gymnasium and 20% to the equipment.3. gipi paid $260 cash on 1/03 to have the gym equipment refurbished before it could be used.4. gipi provided $4,000 in training on 1/04 and expected collection in february.5. gipi collected $36,000 cash in training fees on 1/10, of which $34,000 was earned in january and $2,000 would be earned in february.6. gipi paid $23,000 of wages and $7,000 in utilities on 1/30.7. gipi will depreciate the gymnasium building using the straight-line method over 20 years with a residual value of $2,000. gym equipment will be depreciated using the double-declining-balance method, with an estimated residual value of $2,250 at the end of its four-year useful life. record depreciation on 1/31 equal to one-twelfth the yearly amount.

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

The hartman family is saving $400 monthly for ronald's college education. the family anticipates they will need to contribute $20,000 towards his first year of college, which is in 4 years .which best explain s whether the family will have enough money in 4 years ?

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.