Questions
Acquired $30,000 cash from the issue of common stock. Borrowed $42,000 cash from National Bank. Earned...

Acquired $30,000 cash from the issue of common stock. Borrowed $42,000 cash from National Bank. Earned cash revenues of $58,000 for performing services. Paid cash expenses of $50,000. Paid a $2,000 cash dividend to the stockholders. Acquired an additional $30,000 cash from the issue of common stock. Paid $11,000 cash to reduce the principal balance of the bank note. Paid $51,000 cash to purchase land. Determined that the market value of the land is $71,000. Determine the amount of total assets that Maben would report on the December 31, 2018, balance sheet.

Maben Company was started on January 1, 2018, and experienced the following events during its first year of operation:

  1. Acquired $30,000 cash from the issue of common stock.

  2. Borrowed $42,000 cash from National Bank.

  3. Earned cash revenues of $58,000 for performing services.

  4. Paid cash expenses of $50,000.

  5. Paid a $2,000 cash dividend to the stockholders.

  6. Acquired an additional $30,000 cash from the issue of common stock.

  7. Paid $11,000 cash to reduce the principal balance of the bank note.

  8. Paid $51,000 cash to purchase land.

  9. Determined that the market value of the land is $71,000.

Required

  1. Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or net change in cash (NC). If the element is not affected by the event, leave the cell blank. The first event is shown as an example. (Enter any decreases to account balances and cash outflows with a minus sign. Not all cells will require entry.)

In: Accounting

Discuss whether an airline employee who was given a free airline ticket as a congratulations for...

Discuss whether an airline employee who was given a free airline ticket as a congratulations for a promotion which can be used on any flight in the Continental US with available seating (on a standby basis) must include the ticket value in gross income. Must they include the ticket value in gross income? EXPLAIN WHY OR WHY NOT. Assume the employee uses the ticket on a flight from New York City to Seattle and it is valued at $1,350.

In: Accounting

Q3.Discuss the role of marketing planning in an organization. (Please the Expert needs to submit a...

Q3.Discuss the role of marketing planning in an organization.

(Please the Expert needs to submit a detailed answer which must be a standout in a very competitive MBA Marketing Class).

In: Psychology

Question 4 Flash Inc. was founded 5 years ago. It has been profitable for the last...

Question 4 Flash Inc. was founded 5 years ago. It has been profitable for the last 2 years, but it has needed all of its earnings to support growth and thus has never paid a dividend. Management has indicated that it plans to pay a $1 dividend starting from today, then it will increase the dividend growth by 50% for the next two years, and then the company will achieve a long run growth rate of 7.5%. Assuming a required return of 12%, what is your estimate of the stock's intrinsic value today?

a) Calculate the Flash Inc. non-constant dividends.

b) Calculate the Flash Inc. horizon value.

c) What is the firm's intrinsic value today, P̂ 0?

Mention the appropriate BA II Plus keys (where required).

In: Finance

Family branding uses the same name to cover a group of products or product lines (for...

Family branding uses the same name to cover a group of products or product lines (for example, Nivea uses family branding).

Individual branding requires the company to provide each product or product line with a distinctive name (for example Procter and Gamble tends to do mostly Individual branding).

How should a company decide whether Individual or Family branding is best for a given product? What are some advantages/disadvantages of each type of branding strategy?

In: Economics

Think about a client with schizophrenia that you know about from personal, work or clinical experience,...

Think about a client with schizophrenia that you know about from personal, work or clinical experience, or from news media or other sources. Describe the individual.

What are the positive and/or negative symptoms?

What are the person's struggles? What treatments have been tried and failed? What works?

If you were that person, what would you like to tell your nurse about yourself, your needs, and your fears?

Please provide evidence from professional sources to support your information. Include examples of your prior experience with a client who was having a problem with delusions and/or hallucinations.

In: Nursing

Matt Broderick Company began operations on January 2, 2013. It employs 9 individuals who work 8-hour...

Matt Broderick Company began operations on January 2, 2013. It employs 9 individuals who work 8-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate. Additional information is as follows.

Actual Hourly wage rate 2016 2017    Vacation days used by each employee    2016    2017 Sick days used by each employee    2016    2017

   $10 $11 0    9 4 5
(a)Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.
(b) Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016, and 2017. Please explain each step with each calculation

In: Accounting

A University is offering a charitable gift program. A former student who is now 50 years...

A University is offering a charitable gift program. A former student who is now 50 years old is consider the following offer: The student can invest $9,600.00 today and then will be paid a 8.00% APR return starting on his 65th birthday (i.e For a $10,000 investment, a 9% rate would mean $900 per year). The program will pay the cash flow for this investment while you are still alive. You anticipate living 20.00 more years after your 65th birthday. The former student wants a return of 7.00% on his investments, but would like to consider this opportunity.

Using the student's desired return, what is the value of this deferred annuity today on his 50th birthday?

In: Finance

A survey asked university students who wanted to go to an exchange program, which city they...

A survey asked university students who wanted to go to an exchange program, which city they will choose – London, Paris or Madrid. The exchange programs are only offered in the first and second year. The results are given below in the table.

London

Paris

Madrid

Total

1st year student

90

70

240

2nd year student

95

270

Total

170

a) Fill the table. What is the probability that a student chosen at random is a junior and did not select Madrid?

b) What is the probability that a student chosen at random selected London, given that the student is a senior (2nd year)?

c) It seems that Madrid becomes much more popular with second year students than in the first year. Can you figure out if being a second year student and choosing Madrid are independent events? Explain.

In: Statistics and Probability

you are the agent of mr. jeff okudah, the ohio state university corner back, who was...

you are the agent of mr. jeff okudah, the ohio state university corner back, who was drafted in the first round by the detroit lions. you are negotiating a five year contract for mr. pkudah. the detroit lions make the following offers: (a) $13. 25 million at the end of each year for the next 5 years. (b) $12.75 million at the beginning of each year for the next 5 years. (c) a signing bonus of $20 million today and $8.9 million at the end of each year for the next 5 years. (d) $12.75 million in year 1 and subsequent annual compensation will increase at 3 percent per year until year 5. find the present value (PV) of each of these four offers. which offer would you reccomend that mr. okudah accept if the interest rate is 8.5 percent . if you were representing the lions, which option would you want mr. okudah to accept?

In: Finance