Question
In: Finance
Please show all computation and underline your final answer in your submission. Record the following transactions...
- Please show all computation and underline your final answer in your submission.
- Record the following transactions for Mouser Pet Foods, Inc., in the financial statements effects template below (in thousands).
- Sell stock in company for $78,000
- Obtain long-term bank loan of $30,000.
- Purchase manufacturing equipment for $20,400 cash.
- Rent manufacturing and warehousing space and pay $34,800 in advance for the year.
- Purchase $30,000 of inventory, paying $6,000 in cash and the remaining amount on credit.
- Sell half of the inventory purchased in Transaction e for $33,900 on account.
- Pay $24,000 to creditors.
- Make loan payment of $4,800 of which interest is $480 and the rest is principal.
|
($ thousands) |
Balance Sheet |
Income Statement |
||||||||||||
|
Transaction |
Cash Asset |
+ |
Noncash Assets |
= |
Liabil- ities |
+ |
Contrib. Capital |
+ |
Earned Capital |
Rev-enues |
– |
Expen-ses |
= |
Net Income |
|
a) |
= |
– |
= |
|||||||||||
|
b) |
= |
– |
= |
|||||||||||
|
c) |
= |
– |
= |
|||||||||||
|
d) |
= |
– |
= |
|||||||||||
|
e) |
= |
– |
= |
|||||||||||
|
f) |
= |
– |
= |
|||||||||||
|
g) |
= |
– |
= |
|||||||||||
|
h) |
= |
– |
= |
|||||||||||
Solutions
Expert Solution
I assume that amount is to be posted in 1000 and therefore i divided all the values by 1000.
| ($ thousands) | Balance Sheet | Income Statement | ||||||||||||
| Transaction | Cash Asset | + | Noncash Assets | = | Liabil- | + | Contrib. Capital | + | Earned | Rev-enues | – | Expen-ses | = | Net |
| ities | Capital | Income | ||||||||||||
| a) | 78 | = | 78 | – | = | |||||||||
| b) | 30 | = | 30 | – | = | |||||||||
| c) | -20.4 | 20.4 | = | – | = | |||||||||
| d) | -34.8 | 34.8 | = | – | = | |||||||||
| e) | -6 | 30 | = | 24 | – | = | ||||||||
| f) | 33.9 | -16.95 | = | 16.95 | 33.9 | – | 16.95 | = | 16.95 | |||||
| g) | -24 | = | -24 | – | = | |||||||||
| h) | -4.8 | = | -4.32 | -0.48 | – | -0.48 | = | -0.48 | ||||||
jeff jeffy answered 1 year agoRelated Solutions
PLEASE POST EXCEL SPREADSHEET Please show all computation and underline your final answer in your submission....
PLEASE POST EXCEL SPREADSHEET
Please show all computation and underline your final
answer in your submission.
Income statements and balance sheets follow for Microsoft
Corporation. Refer to these financial statements to answer the
requirements. (non-operating items are red-marked)
MICROSOFT CORPORATION
Income Statements
For the years ended June 30,
(in millions)
2016
2015
Revenue
Product
$61,502
$75,956
Service
23,818
17,624
Total revenue
85,320
93,580
Cost of revenue
Product
17,880
21,410
Service and other
14,900
11,628
Total cost...
Must show all needed steps in getting to your final answer. And, express your final answer...
Must show all needed steps in getting to your final
answer. And, express your final answer as a decimal.
Show every step NEATLY please
NEATLY AND VERY CLEAR AND READABLE
PLEASE TYPE ANSWER AND WORK
NEATLY AND VERY CLEAR AND READABLE
PLEASE TYPE ANSWER AND WORK
Part 1) Suppose that you are planning to travel a certain air
route via plane once each week for your new job. Also, assume that
there is a 3% chance that your outbound flight...
Show all work and answer steps in complete sentences please list them ex. Step 1 underline...
Show all work and answer steps in complete sentences please list
them ex. Step 1 underline steps
Use a two-tailed test and α = .05.
Round up to two decimal places.
Dependent t-test
We want to test exercise on stress. A sample of participants
reported their stress levels before and after exercising?Conduct
four steps of hypothesis testing.
Before
After
D
25
10
15
25
17
8
21
15
6...
Answer All Questions. Show your Computation. Using the midpoint method: Compute the income elasticity of good...
Answer All Questions. Show your Computation.
Using the midpoint method:
Compute the income elasticity of good Z. State what kind of
good Z is (inferior, necessity, or luxury?)
Hint: To obtain the effect of Income only, you need to look for
where income is changing, but prices of Y and Z are constant.
Compute cross-price elasticity of demand for good Z with
respect to the price of good Y. State if goods Y and Z are
complements or substitutes
Hint:...
Please show all the steps you've done to reach the final answer. I am trying to...
Please show all the steps you've done to reach the final
answer. I am trying to learn, so please show your work. Typing your
answer is important.
1) Find the present worth of earthmoving equipment that has a
first cost today of $149,000, an annual operating cost of $65,000,
and a salvage value of 20% of the first cost after 5 years, these
estimates being in future dollars. Assume that the real interest
rate is 8% per year and that...
Please show all the steps you've done to reach the final answer. I am trying to...
Please show all the steps you've done to reach the final answer.
I am trying to learn, so please show your work. Typing your answer
is important.
Parker Hannifin of Cleveland, Ohio, manufactures CNG fuel
dispensers. It needs replacement equipment to streamline one of its
production lines for a new contract, but it plans to sell the
equipment at or before its expected life is reached at an estimated
market value for used equipment. Select between the two options
using...
Please show all the steps you've done to reach the final answer. I am trying to...
Please show all the steps you've done to reach the final answer.
I am trying to learn, so please show your work. Typing your answer
is important.
1) There are two potential locations to construct an urgent care
walk-in clinic to serve rural residents. Use B/C analysis to
determine which location, if any, is better at an interest rate of
8% per year.
Location
1
2
Initial Cost, $
1,200,000
2,000,000
Annual M&O Cost, $/Year
80,000
75,000
Annual Benefits, $/Year...
Please show all the steps you've done to reach the final answer. I am trying to...
Please show all the steps you've done to reach the final answer.
I am trying to learn, so please show your work. Typing your answer
is important.
1) The CFO of a consulting engineering firm is deciding between
purchasing Ford Explorers and Toyota 4Runners for company
principals. The purchase price for the Ford Explorer will be
$30,750. Annual maintenance costs for the Explorer are expected to
be $575 per year more than that of the 4Runner. The purchase price
for...
Please show all the steps you've done to reach the final answer. I am trying to...
Please show all the steps you've done to reach the final answer.
I am trying to learn, so please show your work. Typing your answer
is important.
1) Certain parts for NASA’s reusable space exploration vehicle
can be either anodized (A) or powder coated (P). Some of the costs
for each process are shown in the table below. The incremental cash
flow future worth equation associated with (P-A) is
0 = -53,000(F/P,Δi*P−A,5) +
21,000(F/A,Δi*P−A,5) + 8000
Please provide the answers...
Please show all the steps you've done to reach the final answer. I am trying to...
Please show all the steps you've done to reach the final answer.
I am trying to learn, so please show your work. Typing your answer
is important.
A) How much must you deposit each year into your retirement
account starting now and continuing through year 8 if you want to
be able to withdraw $80,000 per year forever, beginning 29 years
from now? Assume the account earns interest at 13% per year.
B). If a manufacturer of electronic devices invests...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a...
- Write in Python and as 2 seperate programs Write a program that allows the user to...
- Asymptotic Notation. (a) [10 pts.] Prove that n3 −91n2 −7n−14 = Ω(n3). Your answer must clearly...
- Prepare ONE Page reflection to the readings of the Perceptual Process incorporating as well one outside...
- How is the internet affecting our everyday life? I just need a rough draft for this...
- Please explain your view of the most difficult aspect of Customs Compliance?
- You are required to write an interactive program that prompts the user for seven (7) real...
ADVERTISEMENT