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Jelly Bean, Inc., began 2012 with cash of $53,000. During the year Jelly Bean earned revenue of $597,000 and collected $621,000 from customers. Expenses for the year totaled $437,000, of which Jelly Bean paid $427,000 in cash to suppliers and employees. Jelly Bean also paid $145,000 to purchase equipment and a cash dividend of $54,000 to its stockholders during 2012.
Requirement
1. Prepare the company’s statement of cash flows for the year ended December 31, 2012. Format operating activities by the direct method.
Classify the following items as issuance of stock (I), dividends (D), revenues (R), or expenses (E). Then indicate whether each item increases or decreases stockholders' equity.
Compute the monthly break-even point for the new toy in units and in total sales dollars and how many units must be sold each month to make a monthly profit of $12,000?
CVP Analysis- variation in sales - Calculate the amount of operating incomes (or loss) that you would expect each firm to report in 2009 if sales were to Increase by 20%
over head application to job.vektek inc. thinks a machine hour is the best activity base for its manufacturing
answer following question1. what are the several fields of accounting and how do they differ?2. how are expenses and
how do you take a known dollar value totalcost such as 240.00 back out the sales taxes from the known values using the
For each ratio, you should define the ratio, inform the directors about the change in the ratio from one year to the next, and discuss how this change impacts the company.
Renfree Mines, Inc., owns the mining rights to a large tract of land in a mountainous area. The tract contains a mineral deposit that the company believes might be commercially attractive to mine and sell. Determine the net present value of the propo..
henri retail stores is negotiating three leases for store locations. henris incremental borrowing rate is 12 percent.
You have the opportunity to invest $10,000 in one of two companies that are part of the same industry.
Current assets are usually listed in order
Flip had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,400, variable factory overhead $1,000, and fixed factory overhead $500. The company did not maintain any inventories, so tota..
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