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Carter Corporation made sales of $725 million during 2014. Of this amount, Carter collected cash for all but $26 million. The company's cost of goods sold was $310 million, and all other expenses for the year totaled $225 million. Also during 2014, Carter paid $375 million for its inventory and $275 million for everything else. Beginning cash was $95 million. Carters top management is interviewing you for a job and they ask two questions:
a. How much was Carter's net income for 2014?
b. How much was Carter's cash balance at the end of 2014?
During 2014 what was the cost of goods produced by the company? Assuming the company neither sold nor salvaged any assets during the year, what were the company's capital expenditures during 2014?
Balances have been taken from the ledger of Mr. Vasanth as on Mar 31, 2010. You are required to prepare the Trial Balance as on 31.3.2010.
question 1robby owns a small condo close to the beach. through the year the home was used as given- rented out for fair
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