Income statement and balance sheet in regards to timing

Assignment Help Financial Management

Reference no: EM13974491

a. What is the difference between the income statement and balance sheet in regards to timing?

b. What is wrong with this statement: "The clinic's cash balance for 2011 was $150,000, while its net income on December 31, 2011 was $50,000."

Reference no: EM13974491

Questions Cloud

Not-for-profit acute care facility : General Hospital, a not-for-profit acute care facility, has the following cost structure for its inpatient services: Fixed costs: $10,000,000; Variable cost per inpatient day $200; Charge (revenue) per inpatient da $1,000. The hospital expects to hav..

Raise some funds to pay for new equipment : The Flat Corporation needs to raise some funds to pay for new equipment. They issue $600,000 worth of 12-year bonds with semi-annual coupons at r(2)=10%. At the time of issue, interest rate in the market place are i(2)=9%. How much money did they rai..

What is the net investment required : The president of Real Time Inc. has asked you to evaluate the proposed acquisition of a new computer. The computer's price is $40,000, and it falls into the MACRS 3-year class. Purchase of the computer would require an increase in net operating worki..

The firms depreciation expense : Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2011. Expenses other than depreciation totaled 75% of revenues, and depreciation expense was $1.5 million. What were Brandywine's net income, total profit margin, and cash..

Income statement and balance sheet in regards to timing : What is the difference between the income statement and balance sheet in regards to timing? What is wrong with this statement: "The clinic's cash balance for 2011 was $150,000, while its net income on December 31, 2011 was $50,000."

Mainlines net income-total profit margin and cash flow : Assume that Mainline Homecare, a for-profit corporation, had exactly the same situation as reported earlier (Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2011. What were Mainlines' net income, total profit margin, an..

Flecibility issues-projected liabilities and owners equity : Flecibility issues are those which. Earl Jason is saving for a pair of jet skis. How much money must Earl put aside now to receive $14,000 six years from now if the money is compounding at an 8% annual compound rate? A bond which is valued at par has..

Project has an initial requirement : A project has an initial requirement of $310,000 for fixed assets and $62,000 for net working capital. The fixed assets will be depreciated to a zero book value over the 3-year life of the project and have an estimated salvage value of $160,000. The ..

Current interest rates on two- year-three-year securities : Assume that interest rates for one-year securities are expected to be 2 percent today, 4 percent one year from now, and 6 percent two years from now. Using only pure expectations theory, what are the current interest rates on two- year and three-year..

User Account

All Pages