Below are the year-end balance sheets for Wolken Enterprises:
Assets 2015 2014
Cash $ 200,000...
Business, 01.07.2020 15:01 deedivinya
Below are the year-end balance sheets for Wolken Enterprises:
Assets 2015 2014
Cash $ 200,000 $ 170,000
Accounts receivable 864,000
700,000
Inventories 2,000,000 1,400,000
Total current assets $3,064,000 $2,270,000
Net fixed assets 6,000,000 5,600,000
Total assets $9,064,000 $7,870,000
Liabilities and equity:
Accounts payable $1,400,000 $1,090,000
Notes payable 1,600,000 1,800,000
Total current liabilities $3,000,000 $2,890,000
Long-term debt 2,400,000 2,400,000
Common stock 3,000,000 2,000,000
Retained earnings 664,000 580,000
Total common equity $3,664,000 $2,580,000
Total liabilities and equity$9,064,000 $7,870,000
Wolken has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year non-callable, long-term debt in 2014. As of the end of 2015, none of the principal on this debt had been repaid. Assume that the company's sales in 2014 and 2015 were the same. Which of the following statements must be CORRECT?
a. Wolken had negative net income in 2015.
b. Wolken repurchased some common stock in 2015.
c. Wolken issued new common stock in 2015.
d. Wolken issued long-term debt in 2015.
e. Wolken increased its short-term bank debt in 2015.
Answers: 3
Business, 21.06.2019 20:30
Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?
Answers: 2
Business, 22.06.2019 19:00
In 1975, mcdonald’s introduced its egg mcmuffin breakfast sandwich, which remains popular and profitable today. this longevity illustrates the idea of:
Answers: 1
Business, 22.06.2019 21:10
Skychefs, inc. prepares in-flight meals for a number of major airlines. one of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. during the most recent week, the company prepared 4000 of these meals using 960 direct labor hours. the company paid these direct labor workers a total of $19,200 for this work, or $20.00 per hour. according to standard cost card for this meal, it should require 0.25 direct labour-hours at a cost of $19.75 per hour.1. what is the standard labor-hours allowed (sh) to prepare 4,000 meals? 2. what is the standard labor cost allowed (sh x sr) to prepare 4,000 meals? 3. what is the labor spending variance? 4. what is the labor rate variance and the labor efficiency variance?
Answers: 3
Physics, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
Business, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
Computers and Technology, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
English, 22.02.2021 06:10
English, 22.02.2021 06:10
History, 22.02.2021 06:10
English, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10
Mathematics, 22.02.2021 06:10