The comparative balance sheets of NCAA Corporation are the following:
|
December 31 |
||
|
2020 |
2019 |
|
|
Cash |
$750,750 |
$487,500 |
|
Accounts receivable |
526,500 |
390,000 |
|
Inventory |
221,000 |
260,000 |
|
Investments |
0 |
130,000 |
|
Building |
0 |
975,000 |
|
Equipment |
2,730,000 |
780,000 |
|
Patent |
182,000 |
227,500 |
|
Totals |
$4,410,250 |
$3,250,000 |
|
Allowance for doubtful accounts |
$121,875 |
$162,500 |
|
Accumulated depreciation on equipment |
104,000 |
260,000 |
|
Accumulated depreciation on building |
0 |
227,500 |
|
Accounts payable |
195,000 |
130,000 |
|
Dividends payable |
0 |
227,500 |
|
Notes payable, short-term (nontrade) |
243,750 |
325,000 |
|
Long-term notes payable |
1,716,000 |
780,000 |
|
Common stock |
1,225,250 |
845,000 |
|
Retained earnings |
804,375 |
292,500 |
|
Totals |
$4,410,250 |
$3,250,000 |
Additional data related to 2020 are as follows:
1. Equipment that had cost $351,000 and was 80% depreciated at time of disposal was sold for $140,400.
2. $380,250 of the long-term note payable was paid by issuing common stock.
3. Cash dividends paid were $227,500.
4. On January 1, 2020, the building was completely destroyed by a flood. Insurance proceeds on the
building was $750,750 (after netting $15,015 taxes).
5. Investments (available-for-sale) were sold at $71,500 below their cost. The company has made similar sales and investments in the past.
6. A long-term note for $1,316,250 was issued for the acquisition of equipment.
Instructions: Prepare a statement of cash flows using the indirect method.
In: Accounting
Dye Trucking raised $95 million in new debt and used this to buy back stock. After the recap, Dye's stock price is $9.50. If Dye had 70 million shares of stock before the recap, how many shares does it have after the recap? Enter your answer in millions. For example, an answer of $1 million should be entered as 1, not 1,000,000. Round your answer to the nearest whole number.
? million shares
In: Finance
A billiard ball, labeled X, moving horizontally, strikes another billiard ball, labeled Y, at rest. Before impact, ball X was moving at a speed of 3.1 m/s, and after impact it is moving at 0.50 m/s at 50.° from the original direction. If the two balls have equal masses of 0.274 kg, what is the velocity of the ball Y after the impact? Give your answer in meters/second only; ignore direction.
In: Physics
Include null and alternate hypothesis, a p-value, and a conclusion PRIVATE about the null hypothesis
Nine students took the SAT. After taking it, they then took a test preparation course and retook the SAT. Can you conclude that the course changes performance on the SAT? (use α = .1)
|
Before |
720 |
860 |
850 |
880 |
860 |
710 |
850 |
1200 |
950 |
|
After |
740 |
860 |
840 |
920 |
890 |
720 |
840 |
1240 |
970 |
In: Statistics and Probability
A machine was purchased for CAD 200,000, and can be sold for CAD 20,000 after 10 years of service life. The machine will generate an annual revenue of CAD 80,000 and an annual operating cost of CAD 20,000. The company pays taxes at a rate of 20% and the before-tax MARR is 10%. Given a 30% CCA rate for the machine, what is the after-tax present worth of this machine over the 10-year service period? (assume books-open case).
In: Economics
10. A titration is performed by adding 0.13 M KOH to 60 mL of 0.363 M HNO3.
a) Calculate the pH before addition of any KOH.
b) Calculate the pH after the addition of 33.51, 83.77 and 166.54 mL of the base.(Show your work in detail for one of the volumes.)
c) Calculate the volume of base needed to reach the equivalence point.
d) Calculate the pH after adding 5.00 mL of KOH past the equivalence point.
In: Chemistry
Pre-Lab Questions:
Acid-fast endospore staining
In: Biology
Determine the pH during the titration of 31.7 mL of 0.371 M ethylamine (C2H5NH2, Kb = 4.3×10-4) by 0.371 M HI at the following points. (Assume the titration is done at 25 °C.) Note that state symbols are not shown for species in this problem.
(a) Before the addition of any HI
(b) After the addition of 12.0 mL of HI
(c) At the titration midpoint
(d) At the equivalence point
(e) After adding 49.5 mL of HI
In: Chemistry
Determine the pH during the titration of 36.3 mL of 0.281 M trimethylamine ((CH3)3N, Kb = 6.3×10-5) by 0.281 M HBr at the following points. (Assume the titration is done at 25 °C.) Note that state symbols are not shown for species in this problem.
(a) Before the addition of any HBr ?
(b) After the addition of 15.7 mL of HBr ?
(c) At the titration midpoint ?
(d) At the equivalence point ?
(e) After adding 57.7 mL of HBr ?
In: Chemistry
We talked in class about how some textbooks tell us that the way to conduct a cost benefit analysisassociated with a policy is to look atthe costs and benefits beforea policy was put in place and compare them to the cost and benefits after the policy is in place. Is this correct? If so, explain why. If not, explain why not. NOTE: I realize that you should say "with" or "without" the policy, NOT "before" and "after" but I don't know why. Please explain.
In: Economics