Reference no: EM131782034
Comparative Balance Sheet
December 31
Assets, 2011, Cash $15,200, Account Receivable $25,200, Investments $20,000, Equipment $60,000, Accumulated Depreciation ($14,000), Total $106,400.
Assets, 2010, Cash $17,700, Account Receivable $22,300, Investments $16,000, Equipment $70,000, Accumulated Depreciaton ($10,000), Total $116,000.
Liabilities and Stockholders' Equity
2011, Account Payable $14,600, Bonds Payable $10,000, Common Stock $50,000, Retained Earnings $31,800, Total $106,400.
2010, Account Payable $11,100, Bonds Payable $30,000, Common Stock $45,000, Retained Earning $29,900, Total $116,000.
Additional Information:
1. Net income was $18,300. Dividends declared and paid were $16,400
2. Equipment which cost $10,000 and had accumulated depreciation of $1,200 was sold for $3,300
3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. (Hint: the accumulated depreciation between the two years is the depreciation for the period)
Prepare a statement of cash flows for 2011 using the indirect method.
|
Main objective of project is to decrease the time spent
: The main objective of the project is to decrease the time spent by the LGA staff searching for and moving equipment within the OR.
|
|
Determine the overhead rate used
: Wilson Company uses a job order cost accounting system that charges overhead to jobs on the basis of direct material cost. Determine the overhead rate used
|
|
Estimate the value of a privately-held firm
: Estimate the value of a privately-held firm based on the following information: stock price of a comparable firm = $20.00; net income of a comparable firm
|
|
What is the future value of the rent
: A house is rented for $3600 per quarter, with each quarter's rent payable in advance. If money is worth 8%, compounded quarterly, and the rent is deposited.
|
|
Prepare a statement of cash flows
: Assets, 2011, Cash $15,200, Account Receivable $25,200, Investments $20,000, Equipment $60,000, Prepare statement of cash flows for 2011 using indirect method
|
|
Construct a price function and the derivative definition
: You must construct a price function and the derivative definition of convexity to calculate the answer.
|
|
Workers compensation medical claim
: A workers compensation medical claim is set up to cover medical costs for the next 12 years. It will make an initial payment at time t=0 of $10,218.
|
|
Determine the impact on profits next year if this special
: Polaski Company has no assurance that the retail chain will purchase additional units in the future. Determine the impact on profits next year if this special
|
|
Which two do you think are most valid
: Of the seven criteria for abnormal behavior, which two do you think are most valid? Which two are the least valid?
|