Business, 20.04.2021 23:30 cheergirl2133
Using the following information prepare the statement of cash flows for City F corporation ending December 31, 2004
2004 2003
Cash 160,000 40,000
Account rec 230,000. 160,000
inventory 230,780 290,780
Prepaid expense 0 30,000
Account payable 11,600 87,500
Notes payable 35,000 0
Income tax pay 0 54, 600
Additional information
Net Income 56,000
Depreciation expense 36,000
Equipment that cost 37,000 had accumulated depreciation of 35,000 sold at a gain of 20,600.
Purchased equipment 52,000
Patent amortization of 12,000
Purchased a new patent for 1,000
Repaid a note payable 70,000
Signed mortgage for 354,000
Issue a note payable for 75,000
Issued common stock for 200,000
Paid a cash dividend for 28,000
Answers: 1
Business, 22.06.2019 13:40
The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)
Answers: 1
Business, 22.06.2019 20:30
Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
Answers: 3
Business, 22.06.2019 22:10
Afirm plans to begin production of a new small appliance. the manager must decide whether to purchase the motors for the appliance from a vendor at $10 each or to produce them in-house. either of two processes could be used for in-house production; process a would have an annual fixed cost of $200,000 and a variable cost of $7 per unit, and process b would have an annual fixed cost of $175,000 and a variable cost of $8 per unit. determine the range of annual volume for which each of the alternatives would be best. (round your first answer to the nearest whole number. include the indifference value itself in this answer.)
Answers: 2
Business, 23.06.2019 04:00
Which of the following should be considered last when searching for financing
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Using the following information prepare the statement of cash flows for City F corporation ending De...
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