Solution
Bhavani answered on
Oct 16 2021
Rubic_Print_Format
Course Code Class Code Assignment Title Total Points
BUS-600 BUS-600-O500 Topic 2 Problems and Cases 20.0
Criteria Percentage Unsatisfactory (0.00%) Less Than Satisfactory (74.00%) Satisfactory (79.00%) Good (87.00%) Excellent (100.00%) Comments Points Earned
Topic 2 Ru
ic: Topic 2 Problems and Cases 100.0%
Completion 10.0% No problems are attempted. One of the problems is attempted. Two of the problems are attempted. Three of the problems are attempted. All of the problems are attempted.
Content 60.0% The problems demonstrate no understanding of the content. The problems demonstrate little understanding of the content. The problems demonstrate a general understanding of the content. The problems demonstrate a strong understanding of the content. The problems demonstrate mastery of the content.
Technical Requirements 30.0% The assignment is submitted with another tool (Word, PowerPoint, etc.), but is not submitted via an Excel file with one problem or case per worksheet, as required. The assignment is submitted via an Excel file with one problem or case per worksheet, as required, but there is no demonstration of the appropriate use of the Excel formulas. The assignment is submitted via an Excel file with one problem or case per worksheet, as required. There seems to be limited knowledge about the proper functions of the Excel formulas. The assignment is submitted via an Excel file with one problem or case per worksheet, as required. There seems to be a general understanding of the proper functions of Excel formulas. The assignment is submitted via an Excel file with one problem or case per worksheet, as required. There is an excellent use of Excel formulas to demonstrate mastery of the content.
Total Weightage 100%
Problem 2-1
No. Account Name
a) Assets = Liability + Owner' equity
$95,000 = $40,000 + 0
$95000 - $40,000 = $55,000
So Owner'equity = $55,000
b) Assets = Liability + Owner' equity
$65,000 = 0 + $40,000
$65000-$40,000 = $25000
So, Liability =$25000
c) Assets = Liability + Owner' equity
Cu
ent assets + non cu
ent assets = Liability + Owner' equity
$25,000 + 0 = $40,000 + $55,000
$95000- $25000 = $70,000
So, Non cu
ent assets = $70,000
d) Cu
ent Assets= $33,000 and cu
ent ratio = 2.2:1
Non cu
ent assets =...