Reference no: EM131805474
Problem - A comparative balance sheet for Bell Industries is given below:
Bell Industries Comparative Balance Sheet December 31, 2011 and 2010
Assets 2011 2010
Cash ........................................ $ 40,000 $ 10,000
Accounts receivable ......................... 100,000 92,000
Merchandise inventory ....................... 30,000 43,000
Land, buildings, and equipment .............. 325,000 200,000
Accumulated depreciation--buildings and
equipment ................................. (75,000) (50,000)
Total assets ............................ $420,000 $295,000
Liabilities and Stockholders' Equity
Accounts payable ............................ $ 65,000 $ 75,000
Common stock ($25 par) ...................... 275,000 200,000
Paid-in capital in excess of par ............ 50,000 0
Retained earnings ........................... 30,000 20,000
Total liabilities and stockholders' equity $420,000 $295,000
Additional data from the company's records were:
(a) On July 1, 2011, exchanged 3,000 shares of common stock for equipment.
(b) On December 31, 2011, paid cash dividends of $40,000 and income taxes of $10,000.
Prepare a cash flow statement for Bell Industries for the year ended December 31, 2011, using the indirect method. Include any necessary supplemental disclosures.
|
What is a binomial proportion
: a. How do you tell if a random variable has a binomial distribution? b. What is a binomial proportion? c. What are n, p, X, and p?
|
|
Discuss the creditor associated with each debt
: Indicate how much money will be paid to the creditor associated with each debt
|
|
What further assumption is needed in order
: What further assumption is needed in order for you to conclude that the total of all 50 checks is approximately normally distributed?
|
|
Design of a simple addressing solution
: Design of a simple addressing solution (with diagram(s) and step by step workout of the calculations) that leaves room for growth, is easy to administer
|
|
Prepare a cash flow statement for bell industries
: Prepare a cash flow statement for Bell Industries for the year ended December 31, 2011, using the indirect method
|
|
How do you find the mean and the standard deviation
: If n is a large number, how do you find the approximate probability that X is greater than or equal to some number?
|
|
Organization chart for kahuna cleaning supply
: Develop a fact-finding plan including interviews, documentation review, observation, questionnaires, sampling, and research.
|
|
What is a factorial
: What is a binomial coefficient? What does it represent in the formula for a binomial probability?What is a factorial?
|
|
Find the probability of truly amazing day with total orders
: Your customers' average order size is $2,601, with a standard deviation of $1,275. You are wondering what would happen if exactly 45 typical customers.
|