Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
(Preparation of a Statement of Cash Flows, Analysis) The comparative balance sheets of Menachem Corporation at the beginning and end of the year 2012 appear below.
MENACHEM CORPORATION BALANCE SHEETS
Assets
Dec. 31, 2012
Jan. 1, 2012
Inc./Dec.
Cash
$22,000
$13,000
$ 9,000 Inc.
Accounts receivable
106,000
88,000
18,000 Inc.
Equipment
37,000
22,000
15,000 Inc.
Less: Accumulated depreciation-equipment
17,000
11,000
6,000 Inc.
Total
$148,000
$112,000
Liabilities and Stockholders' Equity
Accounts payable
$20,000
$15,000
5,000 Inc.
Common stock
100,000
80,000
20,000 Inc.
Retained earnings
28,000
11,000 Inc.
Net income of $34,000 was reported, and dividends of $23,000 were paid in 2012. New equipment was purchased and none was sold.
Instructions
(a) Prepare a statement of cash flows for the year 2012.
(b) Compute the current ratio (current assets 4 current liabilities) as of January 1, 2012, and December 31, 2012, and compute free cash flow for the year 2012.
(c) In light of the analysis in (b), comment on Menachem's liquidity and financial flexibility.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd