The following information has been extracted from the financial statements of a company. use it to answer the 7 questions that follow it. when answering the questions (filling in the blanks), do not use dollar signs, use commas to separate thousands, do not use parenthesis to denote negative numbers, use the negative sign and place it in front of first digit of your answer when your answer is a negative number. round to the nearest dollar. total current assets in 2016 = $20,000 net fixed assets in 2016 = $150,000 total current liabilities in 2016 = $10,000 net income in 2016 = $10,000 common dividends in 2016 = $2,000 retained earnings in balance sheet 2015 = $20,000 common stock in 2015 = $70,000 there is no other items in the stock owners section in the balance sheets of 2015 and 2016. there is no issuance of equity in 2016. 1. what is the amount for total assets in 2016?

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)

Your take on decision making process