Business, 05.05.2020 06:51 adrianna2324
Sharp Screen Films, Inc., is developing its annual financial statements at December 31, current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows:
Current Year Prior Year
Balance sheet at December 31
Cash $ 70,250 $ 65,900
Accounts receivable 18,550 25,350
Merchandise inventory 25,350 20,000
Property and equipment 213,150 152,300
Less:
Accumulated depreciation (62,400 ) (47,350 )
$ 264,900 $ 216,200
Accounts payable $ 12,400 $ 22,700
Wages payable 3,700 6,800
Note payable, long-term 59,640 75,800
Common stock and additional paid-in capital 102,800 67,300
Retained earnings 86,360 43,600
$ 264,900 $ 216,200
Income statement for current year
Sales $ 209,000
Cost of goods sold 106,000
Depreciation expense 15,050
Other expenses 44,400
Net income $ 43,550
Additional Data:
Bought equipment for cash, $60,850.
Paid $16,160 on the long-term note payable.
Issued new shares of stock for $35,500 cash.
Dividends of $790 were declared and paid.
Other expenses all relate to wages.
Accounts payable includes only inventory purchases made on credit.
Prepare the statement of cash flow using indirect method for the year ended December 31, current year.
Answers: 2
Business, 22.06.2019 01:00
Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.
Answers: 3
Business, 22.06.2019 01:20
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
Answers: 3
Business, 22.06.2019 17:30
Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $
Answers: 2
Business, 22.06.2019 19:00
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
Answers: 2
Sharp Screen Films, Inc., is developing its annual financial statements at December 31, current year...
Mathematics, 05.05.2020 22:42
Mathematics, 05.05.2020 22:42
Mathematics, 05.05.2020 22:42
Mathematics, 05.05.2020 22:42
Mathematics, 05.05.2020 22:42
Mathematics, 05.05.2020 22:42