Question
In: Finance
13.Following is the balance sheet of Cyan Inc.: ? Current assets $ 5,000 &
13.Following is the balance sheet of Cyan Inc.:
?
Current assets $ 5,000 Accounts payable $ 1,000
Net fixed assets 10,000 Accruals 1,000
Long-term debt 5,000
Common equity 8,000
Total $15,000 Total $15,000
?
Cyan currently is operating at full capacity. Next year, the firm expects sales to increase by 50 percent. It also expects to retain $2,000 of next year's earnings to invest in additional fixed assets. What will be Cyan's additional funds needed (AFN) next year?
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Complete the following Balance Sheet ASSETS Current Assets Cash
Complete the following Balance
Sheet
ASSETS
Current
Assets
Cash
$ 250,000
Accounts
Receivable
($_________
less allowance for Doubtful
Accounts)
$1,320,000
Inventory
$1,410,000
Total Current
Assets
$_________
Land
$_________
Plant &
Equipment ($2,800,000 less
Accumulated Depreciation
________)
$2,110,000
TOTAL
ASSETS
$5,390,000
LIABILITIES AND
STOCKHOLDERS EQUITY
Current
Liabilities
Accounts
Payable
$ 620,000
Notes
Payable to
banks
$ 130,000
Accrued
Wages
$________
Total...
The following are the financial statements of Rigolo Inc. Balance sheet 20116 2015 Assets Current...
The following are the financial statements of Rigolo Inc.
Balance sheet
20116
2015
Assets
Current assets
Cash & cash equivalents
Account receivables
Inventory
Other current assets
Total current assets
L.T. Assets
PPE
Total Assets
Liabilities & Shareholders’ Equity
Current liabilities
Accounts payable
Current maturities of notes payable
Accrued expenses
Other current liabilities
Total current liabilities
L.T. Liabilities
Bank loans
Total liabilities
Shareholders’...
Following is the current balance sheet for a local partnership of doctors:Cash and current assets $...
Following is the current balance sheet for a local partnership
of doctors:Cash and current assets $ 78,000 Liabilities $ 82,000
Land 242,000 A, capital 62,000 Building and equipment (net) 200,000
B, capital 82,000 C, capital 132,000 D, capital 162,000 Totals $
520,000 Totals $ 520,000 The following questions represent
independent situations: E is going to invest enough money in this
partnership to receive a 25 percent interest. No goodwill or bonus
is to be recorded. How much should E invest?...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the current balance sheet for a local partnership
of doctors:
Cash and current assets
$
78,000
Liabilities
$
70,000
Land
212,000
A, capital
50,000
Building and equipment
(net)
170,000
B, capital
70,000
C, capital
120,000
D, capital
150,000
Totals
$
460,000
Totals
$
460,000
The following questions represent independent
situations:
E is going to invest enough money in this partnership to receive
a 25 percent interest. No goodwill or bonus is to be recorded. How
much should E...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the current balance sheet for a local partnership
of doctors:
Cash and current assets
$
81,000
Liabilities
$
78,000
Land
236,000
A, capital
58,000
Building and equipment (net)
183,000
B, capital
78,000
C, capital
128,000
D, capital
158,000
Totals
$
500,000
Totals
$
500,000
The following questions represent independent
situations:
E is going to invest enough money in this partnership to receive
a 20 percent interest. No goodwill or bonus is to be recorded. How
much should E...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the
current balance sheet for a local partnership of doctors:
Cash and current
assets
$
43,000
Liabilities
$
60,000
Land
202,000
A, capital
40,000
Building and
equipment (net)
165,000
B, capital
60,000
C, capital
110,000
D, capital
140,000
Totals
$
410,000
Totals
$
410,000
The following
questions represent independent situations:
E is going to invest
enough money in this partnership to receive a 20 percent interest.
No goodwill or bonus is to be recorded. How much should E...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the current balance sheet for a local partnership
of doctors:
Cash and current assets
$
37,000
Liabilities
$
52,000
Land
172,000
A, capital
32,000
Building and equipment (net)
161,000
B, capital
52,000
C, capital
102,000
D, capital
132,000
Totals
$
370,000
Totals
$
370,000
The following questions represent independent
situations:
E is going to invest enough money in this partnership to receive
a 25 percent interest. No goodwill or bonus is to be recorded. How
much should E...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the current balance sheet for a local partnership
of doctors:
Cash and current assets
$
60,000
Liabilities
$
72,000
Land
230,000
A, capital
52,000
Building and equipment (net)
180,000
B, capital
72,000
C, capital
122,000
D, capital
152,000
Totals
$
470,000
Totals
$
470,000
The following questions represent independent
situations:
E contributes $105,000 in cash to the business to receive a 20
percent interest in the partnership. Goodwill is to be recorded.
Profits and losses have previously been...
Following is the current balance sheet for a local partnership of doctors: Cash and Current Assets...
Following is the current balance sheet for a local partnership
of doctors: Cash and Current Assets $ 39,000 Liabilities $ 52,000
Land 234,000 Adams, cap 26,000 Building 130,000 Barnes, cap 52,000
Cordas, cap 117,000 Total $403,000 Davis, cap 156,000 Total
$403,000
a. Eden contributes $80,000 into the partnership for a 25%
interest. The four original partners share profits and losses
equally. Using the bonus method, prepare the journal entry to
record Eden's admission
. b. Instead of contributing $80,000 as...
Following is the current balance sheet for a local partnership of doctors: Cash and current assets...
Following is the current balance sheet for a local partnership
of doctors:
Cash and current
assets . . . . . . . . . . . . . . . . . . . . .
$ 30,000
Land . . . . . . . . . . . . . . . . . . . . . . .
180,000
Building and equipment
(net) . . . . . . . . . . . ....
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