Reference no: EM132019458
1) Balance sheet: Given the following information about Elkridge sporting goods. inc., construct a balance sheet for June 30, 2011. on that date the firm has cash and marketable securities of $25,135 , account receivable of $43,758, inventory of $167,112, net fixed assets of $325,422 and other assets of $13,125, it had accounts payable of $67,855, notes payable of $36,454, long term debt of $223,125, and common stock of $150,000. how much retained earnings did the firm have?
2) Income statement: The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31, 2011: sales of $1.45 million, cost of goods sold of $812,500, depreciation expenses of $89,575. assume that the firm has a tax rate of 35 percent. what is the company's net income? set up an income statement to answer the question.
|
What is its net income after taxes
: leasing expenses $108,195, and interest expenses equal to $78,122,. If the company's tax rate is 34 perecnt, what is its net income after taxes?
|
|
What are its projected after-tax cash flows
: Howard Corporation's sales for the year are expected to be $1,500,000. If Howard's tax rate is 30 percent, what are its projected after-tax cash flows
|
|
Calculate the net interest margin
: Calculate the net interest margin if the bank hedges its forward foreign exchange exposure? (Do not round intermediate calculations).
|
|
Explain what is meant by a significant risk
: Describe the auditors' general approach to such risk assessment. Explain what is meant by a significant risk
|
|
Information about elkridge sporting goods
: Balance sheet: Given the following information about Elkridge sporting goods. inc., construct a balance sheet for June 30, 2011.
|
|
What adjusting journal entry is required
: In October 2014, the company bought a new delivery vehicle. What adjusting journal entry is required
|
|
At what price should the bonds sell
: Noncallable bonds that mature in 10 years were recently issued by Sternglass Inc. They have a par value of $1,000 and an annual coupon of 5.5%.
|
|
Firm to be listed on new york stock exchange
: Which of the following is a basis for a firm to be listed on the New York Stock Exchange?
|
|
What is the required adjusting entry on december
: The majority of sales conducted by ABC Inc. are in cash, very few customers are offered credit terms. What is the required adjusting entry on December
|