Barco Company Kyan Company Barco Company Kyan CompanyData from the current year-end balance sheets Data from the current year's income statement Assets Sales $770,000 $922,200Cash $ 18,500 35,000 Cost of goods sold 591,100 636,500Accounts receivable, net 38,400 51,400 Interest expense 8,700 16,000Current notes receivable (trade) 9,600 8,600 Income tax expense 14,800 25,459Merchandise inventory 84,940 128,500 Net income 155,400 244,241Prepaid expenses 5,900 7,800 Basic earnings per share 4.57 5.40Plant assets, net 310,000 306,400 Cash dividends per share 3.73 3.98Total assets $467,340 $537,700 Beginning-of-year balance sheet data Liabilities and Equity Accounts receivable, net $ 30,800 51,200Current liabilities 66,340 $100,300 Current notes receivable (trade) Long-term notes payable 78,800 105,000 Merchandise inventory 55,600 105,400Common stock, $5 par value 170,000 226,000 Total assets 388,000 372,500Retained earnings 152,200 106,400 Common stock, $5 par value 170,000 226,000Total liabilities and equity $467,340 $537,700 Retained earnings 123,620 42,055For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) inventory turnover, (e) days’ sales in inventory, and (f) days’ sales uncollected.(a) Current Ratio CompanyChoose Numerator:IChoose Denominator:=Current Ratio
Current assets/ =Current ratio
Barco / =0 to 1
Kyan / =0 to 1
(b) Acid-Test Ratio
CompanyChoose Numerator:IChoose Denominator:=Acid-Test Ratio
/ =Acid-Test Ratio
Barco / =0 to 1
Kyan / =0 to 1
(c) Accounts Receivable Turnover
CompanyChoose Numerator:IChoose Denominator:=Accounts Receivable Turnover
/ =Accounts Receivable Turnover
Barco / =times
Kyan / =times
(d) Inventory Turnover
CompanyChoose Numerator:IChoose Denominator:=Inventory Turnover
/ =Inventory Turnover
Barco / =times
Kyan / =times
(e) Days' Sales in Inventory
CompanyChoose Numerator:IChoose Denominator:=Days' Sales in Inventory
/ =Days' Sales in Inventory
Barco / =days
Kyan / =days
(f) Days' Sales Uncollected
CompanyChoose Numerator:IChoose Denominator:=Days' Sales Uncollected
/ =Days' Sales Uncollected
Barco / =days
Kyan / =days

The county collector of suncoast county is responsible for collecting all property taxes levied by funds and governments within the boundaries of the county. to reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1.5 percent from the collections for the town, the school district, and the other towns. the total amount deducted is added to the collections for the county and remitted to the suncoast county general fund. the following events occurred in 2017: 1. current-year tax levies to be collected by the agency were: county general fund $ 10,333,000 town of bayshore general fund 4,840,000 suncoast county consolidated school district 6,550,000 other towns 3,120,000 total $ 24,843,000 2. $13,700,000 of current taxes was collected during the first half of 2017.3. liabilities to all funds and governments as a result of the first half-year collections were recorded. (a schedule of amounts collected for each participant, showing the amount withheld for the county general fund and net amounts due the participants, is recommended for determining amounts to be recorded for this transaction.)4. all cash in the tax agency fund was distributed. requireda. prepare journal entries for each of the foregoing transactions that affected the tax agency fund. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)1. record the current-year tax levies to be collected by the agency.2.record the current taxes collected during the first half of 2017.3.record the liabilities due to all funds and governments at the end of first half-year.4. record the distribution of all cash in the tax agency fundb. prepare journal entries for each of the foregoing entries that affected the town of bayshore general fund. begin with the tax levy entry, assuming 2 percent of the gross levy will be uncollectible. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your answers to the nearest whole dollar amount.)1.record the revenues receivable and uncollectible.2. record the taxes collected

How do communism and socialism differ in terms of the role that government plays in the economy ?

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?