Golden Corp.'s current year income statement, comparative balance sheets, and additional information follow. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of taxes.

Additional Information on Current Year Transactions

1. Purchased equipment for $59,700 cash.
2. Issued 13,400 shares of common stock for $5 cash per share.
3. Declared and paid $103,000 in cash dividends.

Required:
Prepare a complete statement of cash flows using the indirect method for the current year and one using a SPREADSHEET. (This should be two seperate charts).

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.

Additional Information on Year 2017 Transactions

1. The loss on the cash sale of equipment was $25,125 (details in b).
2. Sold equipment costing $106,875, with accumulated depreciation of $50,125, for $31,625 cash.
3. Purchased equipment costing $116,375 by paying $70,000 cash and signing a long-term note payable for the balance.
4. Borrowed $6,000 cash by signing a short-term note payable.
5. Paid $60,125 cash to reduce the long-term notes payable.
6. Issued 4,500 shares of common stock for $20 cash per share.
7. Declared and paid cash dividends of $54,100.

Required:
1. Prepare a complete statement of cash flows; report its operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

1. Consider the following data on Canadian GDP”

1. What was the growth rate of nominal GDP between 2008 and 2009? (The growth rate is the percentage change from one period to the next).

2. What was the growth rate of the GDP deflator between 2008 and 2009?

3. What was real GDP in 2008 measured in 2002 prices?

4. What was real GDP in 2009 measured in 2002 prices?

5. What was the growth rate of real GDP between 2008 and 2009?

6. Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain

The yield on a default-free four-year zero-coupon bond is 3%; the yield on a default-free five-year zero-coupon bond is 4.5%. The bonds have a face value of $1000 and are traded in an open market. You are a money manager and know that you will have a net inflow of $100,000 four years from now, and an obligation (i.e. a net outflow) of $100,000 one year later (i.e. five years from now). Once you get your inflow, you plan to invest part of this inflow (as much as necessary) in risk-free bonds for a year, and immediately pay the rest to your investors in the form of a profit. You would like to hedge the interest-rate risk that is involved in this future bond investment, in order to be able to pre-announce your expected profit today, but also ensure that your obligation is covered.

(a) Based on today’s yields, what is the no-arbitrage yield of a one-year forward-rate agreement starting four years from now?

(b) Assuming you can obtain such a forward-rate agreement, how much of your inflow will you need to re-invest, and how much will you be able to pay to investors?

(c) Now assume that no such forward-rate agreements are being offered in the market. How can you construct one yourself (i.e. replicate one), in order to hedge your interest-rate risk? Carefully describe your strategy, and show that the resulting cash flows mirror those of the forward-rate agreement you are trying to create. Assume you can go either long or short in either bond, and you can also buy or sell fractions of bonds.

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.

Additional Information on Year 2017 Transactions

The loss on the cash sale of equipment was $5,125 (details in b).

Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash.

Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance.

Borrowed $4,000 cash by signing a short-term note payable.

Paid $50,125 cash to reduce the long-term notes payable.

Issued 2,500 shares of common stock for $20 cash per share.

Declared and paid cash dividends of $50,100.

Required:
Prepare a complete statement of cash flows using a spreadsheet; report its operating activities using the indirect method. (Enter all amounts as positive values.)

Entries for Installment Note Transactions

On January 1, Year 1, Bryson Company obtained a $33,000, four-year, 8% installment note from Campbell Bank. The note requires annual payments of $9,963, beginning on December 31, Year 1.

a. Prepare an amortization table for this installment note, similar to the one presented in Exhibit 4.

Note: Round the computation of the interest expense to the nearest whole dollar. Enter all amounts as positive numbers. In Year 4, round the amount in the Decrease in Notes Payable column either up or down to ensure that the Carrying Amount zeroes out.

b. Journalize the entries for the issuance of the note and the four annual note payments.

Note: For a compound transaction, if an amount box does not require an entry, leave it blank. For the Year 4 entry (due to rounding), adjust Notes Payableup or down to ensure that debits equal credits.

c. How will the annual note payment be reported in the Year 1 income statement?
of $ would be reported on the income statement.

Bosworth Corporation accepted a 5-year note receivable from Steelman Company on January 1, Year 1. The maturity value of the note is $ 760,000. The note has a stated interest rate of 10%. However, the prevailing market interest rate is 12%. The note requires interest payments on June 30 and December 31. What is the present value of this note at inception ANSWER:$704, 063 ( I would like to know how to calculate)

2. Eagle Exporters purchased​ 80,000 of the​ 200,000 outstanding shares of Giant Distributors for​ $3,000,000. Eagle has significant influence over Giant and will account for this investment using the equity method. During the​ year, Giant declared dividends of​ $100,000 and reported Net Income of​ $780,000. What is the balance in the Investment in Giant account at year​ end? correct answer: $3, 272,000 ( I want to know how to calculate)

3. Cider Jewelers purchased​ 3,000,000 of the outstanding​ 10,000,000 shares of Angel​ & Associates. At the time of the​ acquisition, the book value of​ Angel's net assets equals their fair market value. Angel declared and paid dividends of $ 290 000 during the year. Which of the following is the correct journal entry for this​ transaction?

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.

Additional Information on Year 2017 Transactions

The loss on the cash sale of equipment was $24,125 (details in b).

Sold equipment costing $103,875, with accumulated depreciation of $49,125, for $30,625 cash.

Purchased equipment costing $115,375 by paying $68,000 cash and signing a long-term note payable for the balance.

Borrowed $5,900 cash by signing a short-term note payable.

Paid $59,625 cash to reduce the long-term notes payable.

Issued 4,400 shares of common stock for $20 cash per share.

Declared and paid cash dividends of $53,900.

Required:
Prepare a complete statement of cash flows; report its operating activities according to the direct method. (Amounts to be deducted should be indicated with a minus sign.)

Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in advance and are initially debited to Prepaid Expenses. The company’s income statement and balance sheets follow.

Additional Information on Year 2017 Transactions

The loss on the cash sale of equipment was $5,125 (details in b).

Sold equipment costing $46,875, with accumulated depreciation of $30,125, for $11,625 cash.

Purchased equipment costing $96,375 by paying $30,000 cash and signing a long-term note payable for the balance.

Borrowed $4,000 cash by signing a short-term note payable.

Paid $50,125 cash to reduce the long-term notes payable.

Issued 2,500 shares of common stock for $20 cash per share.

Declared and paid cash dividends of $50,100.

Required

Prepare a complete statement of cash flows; report its operating activities using the indirect method. Disclose any noncash investing and financing activities in a note.

Check Cash from operating activities, $40,900

Analysis Component

Analyze and discuss the statement of cash flows prepared in part 1, giving special attention to the wisdom of the cash dividend payment.