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Bamuya Fabm Act-3

The document provides 5 word problems to calculate financial metrics like current assets, current liabilities, accounts receivable, non-current liabilities, and total assets for various companies based on given account balances. For each problem, the key accounts are identified and the appropriate formula is used to solve for the unknown metric. Work is shown to arrive at the final numeric answer for each problem.

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Irish C. Bamuya
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2K views2 pages

Bamuya Fabm Act-3

The document provides 5 word problems to calculate financial metrics like current assets, current liabilities, accounts receivable, non-current liabilities, and total assets for various companies based on given account balances. For each problem, the key accounts are identified and the appropriate formula is used to solve for the unknown metric. Work is shown to arrive at the final numeric answer for each problem.

Uploaded by

Irish C. Bamuya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Instructions: Solve for the unknown: In answering the problems below, you

must have to recall the kinds of assets and liabilities account and their
examples.
1. The one Company had the following accounts at year end: Cash-
150,000, Accounts Payable-70,000, Prepaid Expenses-35,000.
Compute for the company’s current assets.

Current Asset = Cash + Prepaid Expenses


= 150,000 + 35,000
= P185,000

2. Theo Company’s Accounts Receivable amounted to P500,000. Prepaid


Expense and Unearned Income are 30,000 and 10,000 respectively.
Cash balance amounted to P100,000 while Accounts Payable and
Inventory are P20,000 and P 10,000 respectively. How much is the
company’s current assets? current liabilities?

Current Assets = Cash + AC + PE + Inventory


= 100,000 + 500,000 + 30,000 + 10,000
= P640,000

Current Liabilities = AP + UI
= 20,000 + 10,000
= P30,000

3. Company’s Total Liabilities and Equity amounted to P825,000. Total


noncurrent assets ended at P 550,000. Cash totaled P50,000. Inventory
amounted to Php100,000. Assuming the company had no other assets,
how much is the accounts receivable?

Account Receivable = ( TL + OE ) – ( NA + Cash + Inventory )


= 825,000 – ( 550,000 + 50,000 + 100,000)
= 825,000 – 700,000
= P125,000

4. Total assets amounted to P755,000. Total equity amounted to


P350,000. Accounts Payable amounted to P80,000 while Unearned
Income is P 85,000. Assuming there are no other current liabilities,
compute for the company’s non-current liabilities.

Non-Current Liabilities = TA – ( AP + UI + OE )
= 755,000 – ( 80,000 + 85,000 +
350,000)
= 755,000 – 515,000
= P240,000

5. Cash of P100,000, Accounts Receivables of P200,000, Prepaid


Expenses of P30,000.00, Equipment of P180,000 and Furniture of
P20,000, How much is the total assets?

Total Asset = Cash + AC + PE + Equipment + F


= 100,000 + 200,000 + 30,000 + 180,00 + 20,000
= P530,000

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