Reference no: EM131813778
A firm's balance sheets as of the December 31, 2015 and 2016 show the following items:
2015:
Cash = $9,916,500; Account Receivable = $9,000,000; Inventory = $4,500,000; Gross Fixed Assets = $10,972,000; Accumulated Depreciation = $1,243,000; Retained Earnings = $1,967,500; Capital Surplus = $8,600,000; Common Stock ($0.50 par) = $4,500,000; Notes Payable = $8,921,000; Long term debt = $2,500,000; Accounts Payable = $6,657,000.
2016:
Cash = $11,098,000; Account Receivable = $7,600,000; Inventory = $5,200,000; Gross Fixed Assets = $13,774,000; Accumulated Depreciation = $1,675,000; Retained Earnings = $1,967,500; Capital Surplus = $11,300,000; Common Stock ($0.50 par) = $4,800,000; Notes Payable = $7,773,000; Long term debt = $1,500,000; Accounts Payable = $6,132,000.
Calculate the change in net working capital (NWC) in 2016.
|
What are the two methods that companies implement
: What are the 2 methods that companies implement to adjust the outstanding accounts receivable for the current accounting period? How often is this done?
|
|
Determine the maturity value of the note
: Oregon Interior Decorators issued a 90-day, 12% note for $54,000, dated April 17, to Corvallis Furniture Company on account. Determine maturity value of note
|
|
How telemedicine is now or could affect patient care
: Select an allied health profession and describe how telemedicine is now or could affect patient care in that field.
|
|
Population of unaffiliated female students on the campus
: Test, at the 5% level of significance, whether the data provide sufficient evidence to conclude that there is a difference in average GPA.
|
|
Calculate the change in net working capital
: Calculate the change in net working capital (NWC) in 2016.
|
|
Identify all of the funds required for the given entries
: Assume that the premium remained in the capital projects fund. Identify all of the funds required for these entries. Discuss how bond premium could be disposed.
|
|
Prepare income statement for year under absorption costing
: Blue Sky Company reports the following costing data on its product for its first year of operations. Prepare income statement for year under absorption costing
|
|
Provide a summary analysis of the trend
: Provide a summary analysis of the trend, expected impacts on health care delivery or professional practice, and your assessment of the pros and cons.
|
|
As dora is packing for her honeymoon to hawaii
: As Dora is packing for her honeymoon to Hawaii, she realizes that all of her sunscreens have expired. Since the sun in Hawaii is so strong,
|