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Question - Presented below is a balance sheet for the last two years:
2016
2015
Cash
$118,000
$115,000
Accounts receivable
$98,000
$ 77,000
Short-term investments
$60,000
$65,000
Current assets
$276,000
$257,000
Equipment, net of depreciation
$220,000
$205,000
Land
$75,000
Total assets
$571,000
$537,000
Accounts payable
$72,000
$96,000
Wages payable
$4,000
$3,000
Short-term revolving bank loan
$85,000
$50,000
Current liabilities
$161,000
$149,000
Long-term debt
$128,000
$132,000
Total liabilities
$289,000
$281,000
Common stock
$100,000
Prepare a horizontal analysis. Display percentages to 3 decimal places (.654 = 65.4%). Discuss any line items from the balance sheet that may warrant further investigation from management.
Compute the breakeven point in sales units. Find the new breakeven point in sales units if the fixed costs go up by $10,125
Describe the history and status of the issue and provide an overview of the problem(s) that need to be addressed
Retained Earnings for cash dividends declared for the year ended December
The total services provided by the hospital to all patients during the year amounted to $ 19 million at the to $19 million at the hospital established billing rates.
Calculate the times interest earned ratios for 2015 and 2016. Is the company more or less able to meet its interest payments in 2016 when measured this way?
a summary of the time tickets for the current month
Every sale must bear its share of the full costs of running the business. If we sell below our full cost,we'll be out of business in no time." What do you thinkof this remark?
HI6025 Accounting Theory and Current Issue. As Watts and Zimmerman (1986, p. 7) state, Positive Accounting Theory ‘is concerned with explaining [accounting] practice. It is designed to explain and predict which firms will and which firms will not u..
Question: Cost Concepts, Complete the chart below by placing an "X" under each heading that helps to identify the cost involved
you have an opportunity to purchase the waiting line cafe a busy shop near your office. the owner is asking 80000.
andre agassi construction company began operations jan 1 2008. during the year andre agassi construction entered into a
bienvenu enterprises reported cost of goods sold for 2010 of 1400000 and retained earnings of 5200000 at december 31
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