Reference no: EM13720120
Constructing Financial Statements from Account Data
Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013 income statement and the balance sheet as of December 31, 2013.
Accounts payable $16,000 Inventory $36,000
Accounts receivable $30,000 Land $80,000
Bondspayable, long-term $200,000 Goodwill $8,000
Buildings151,000 Retained earnings$160,000
Cash $148,000 Sales revenue $500,000
Common stock $150,000 Suppliesinventory$3,000
Cost of goods sold180,000 Suppliesexpense6,000
Equipment70,000 Wages expense 40,000
Prepare Barth Income Statement and Balance Sheet
|
Coupon rate and semi annual interest payments
: Suppose Hillard Manufacturing sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10% coupon rate, and semi annual interest payments. Two years after the bonds were issued, the going rate of interest on bonds such as these fell to 7..
|
|
What is the difference in the maturity risk premiums
: Assume that the real risk-free rate, r*, is 3% and that inflation is expected to be 7% in Year 1, 6% in Year 2, and 3% thereafter. Assume also that all Treasury securities are highly liquid and free of default risk. If 2-year and 5-year Treasury note..
|
|
Calculate future value of following at nominal interest rate
: The annual amount of a series of payments to be made at the end of each of the next 10 years is $500. Calculate the present worth of the payment at 7% interest, compounded annually. Calculate the future value of the following at a nominal interest ra..
|
|
Case study-motomart
: The Motomart case is designed to supplement your managerial/ cost accounting textbook coverage of cost behavior and variable costing using real-world cost data and an auto-industryaccepted cost driver.
|
|
Constructing financial statements from account data
: Constructing Financial Statements from Account Data. Barth Company reports the following year-end account balances at December 31, 2013. Prepare the 2013 income statement and the balance sheet as of December 31, 2013.
|
|
Assume an annual interest rate-compounded annually
: Calculate the future value: Calculate the present value of $15,000 to be received 10 years from today. Assume an annual interest rate of 10%, compounded annually
|
|
Research health care facilities
: Research health care facilities in your area that are either new or are being renovated. Your research will help you select your project focus. You will use this facility in future assignments throughout the course. Your selections are limited to
|
|
Managerial entrenchment-no pecuniary benefits
: Define each of the following terms IN YOUR OWN WORDS- Agent; principal; agency relationship. Agency cost. Basic types of agency conflicts. Managerial entrenchment; no pecuniary benefits. Greenmail; poison pills; restricted voting rights. Stock option..
|
|
Discuss ways by companies handle waiting callers
: Discuss ways in which you think companies like L.L. Bean and Nordstrom's handle waiting callers who shop their catalogues
|