Figure 1

BMD, Inc. Income Statements (in 000s)

                                                                          Current       Pro-Forma

                                                                                         Year          Statements

Is projected net income growing faster or more slowly than projected sales? Discuss any differences. You should carefully review the 2020 Income Statement data to see if you want to recommend or make any adjustments.

1. A thorough review of GE Broadcasting assets at the end of December 31, 20X5, resulted in the following information:

■ Cash on hand and cash at bank totaling $484,000

■ Fixed-term deposits with banks totaling $142,000 (matures July 1, 20X7)

■ Inventories totaling $324,000

■ Trade receivables totaling $245,000

■ Loans to employees of $120,000, 30% of which is due by the end of 20X6

■ PPE with a historical cost of $129,000 and accumulated depreciation of $12,000

■ Investment in associate companies using equity method at $35,000

■ Short-term investment in publicly traded shares of listed companies at $10,000

Question 1: What are GE Broadcasting's current and non-current assets?

2. GE Broadcasting's liabilities at the end of December 31, 20X5:

■ Trade payable of $317,000

■ Note payable of $245,000 due July 1, 20X7

■ Interest accrued for note payable $8,000 (payable every quarter, the next payment being

on April 1, 20X6)

■ Provisions for unbilled expenses of $40,000

■ Provision for employee benefit of $248,000 (first employee retirement expected in 20X9)

■ Interest-free loan from a shareholder, totaling $400,000, payable in eight equal quarterly

installments, first payment due on March 1, 20X6.

Question 2: What are GE Broadcasting's current and non-current liabilities?

Dear teaches

would you take time help me classify the right items and catogary them for me reference.

Regarding the Question1 my concern is on "Loans to Employee 120K 30% due by end of 20X6".

Regarding the Question 2 is provisions for unbilled expenseds of 40K, this belong to current right?

Looking forward to your answers and thanks so much.

Thanks

List the pros and cons of Amazon’s customer relationship management (CRM) system from the company and from the customers’ perspective.

What are the advantages of exchange traded funds to mutual funds and closed end investment companies

Just need 100-150 words with 2 refrences

On December 1, 2018, Shamrock Company received $5,400 from Destiny, Inc. for rent of an office owned by Shamrock Company. The payment covers the period from December 1, 2018 through February 28, 2019. Shamrock Company recorded this as Deferred Rent Revenue when it was received on December 1. The adjusting entry on December 31 would include a

A Debit to rent revenue of 2700

B Credit to rent revenue of 1800

C Credit to deferred rent revenue of 1800

D Debit to deferred rent revenue of 2700

On January 1, the Sleepy Monk Coffee Shop paid $39,000 for a full year of rent beginning on January 1. The rent payment was appropriately recorded in the Cash and Prepaid Rent accounts. If financial statements are prepared on January 31, the journal entry to record the adjustment would be:

A Debit prepaid rent and credit rent expense for 3,250

B Debit rent expense and credit prepaid rent for 39,000

C Debit prepaid rent and credit rent expense for 39,000

D Debit rent expense and credit prepaid rent for 3250

The following represents the results of a survey in which individuals were asked to share what they perceive to be the ideal number of children.

a. What is the probability an individual believes the ideal number of children is 2?

b. What is the probability an individual is male and believes the ideal number o f children is 3?

c. Among the females, what’s the probability the individual believes the ideal number is 3?

d. What is the probability an individual believes the ideal number of children is at least 4?

use the given zero to find the remaining zeros of each polynomial function

23. f(x)=x^3-4x^2+4x-16; zero; 2i

27. x^4-9x^3+21x^2+21x-130; zero: 3-2i

Find the complex zeroes of each polynomial function. Write f in factored form.

35. f(x)=x^4+5x^2+4

I tried using Descarte's rule for questions 23 and 27, but I don't what to do after that. Also, after you explain the steps I need to solve the question, could you help understand why these steps are necessary?

1. The sales method for estimating bad debts is calculated using ________.

A) aging of accounts receivable

B) a percentage of credit sales

C) a percentage of net accounts receivable

D) the current balance in accounts receivable

2. Team Shirts had a balance in its allowance for uncollectible accounts of $(200). Aging the accounts receivable showed that the allowance should be $(1,800). Bad debts expense should be ________.

A) $1,400

B) $1,600

C) $1,800

D) $2,000

Learning Objective 4-4

3. Credit card sales benefit companies because ________.

A) the risk of uncollectible accounts is transferred to credit card companies

B) fewer customers will be able to buy products or services

C) the credit card company is not responsible for evaluating customers’ credit-worthiness

D) they will receive less than the full amount of the sale from the credit card company

4. Timmy’s Tires sold $18,750 worth of tires to customers using VISA. The credit card fee is 4% of sales. The amount of sales Timmy’s Tires should recognize is ________.

A) $750

B) $19,500

C) $18,750

D) $18,000

5. Team Shirts decided to accept bankcards from credit customers. Team Shirts should expect ________.

A) an increase in its allowance for uncollectible accounts

B) a decrease in its bad debts expense

C) a decrease in its credit card expense

D) an increase in its write-off of specific customer accounts

6. Magic Cow Co. made a sale for $5,000 to a customer who paid with MasterCard. MasterCard charges Magic Cow a fee of 3% of sales. MasterCard will directly deposit the cash from this sale within 24 hours. How much cash will MasterCard deposit?

A) $5,000

B) $4,850

C) $150

D) $5,150

7. Sally has a new VISA card that was issued by MBNA (Maryland Bank of North America). Sally used her VISA card to buy five kegs of beer at Crock‘n’ Keg. Three months later, Sally still has not paid her VISA bill. Which company carries the account receivable from this sale?

A) MBNA

B) Sally

C) Crock‘n’ Keg

D) both Sally and Crock‘n’ Keg

8. Magic Cow Co. made a sale for $5,000 to a customer who paid with MasterCard. MasterCard charges Magic Cow a fee of 3% of sales. How much sales revenue will Magic Cow record?

A) $5,000

B) $4,850

C) $150

D) $5,150

Learning Objective 4-7

9. Ace Electronics accepted a promissory note from Fenstermaker, who promised to pay Ace $2,000 plus 6% interest at the end of six months. What is the amount of interest that will be paid at the end of the six-month period?

A) $120

B) $240

C) $60

D) $2,060

10. Ace Electronics accepted a promissory note from Fenstermaker, who promised to pay Ace $2,000 plus 6% interest at the end of six months. When Ace first accepts the note, it should record interest receivable of ________.

A) $120

B) $0

C) $60

D) $240

11. Acme, Inc. accepted a promissory note from NadirCo, who promised to pay Acme $5,000 plus 6% interest at the end of four months. What is the amount of interest that will be paid at the end of the four-month period?

A) $300

B) $100

C) $600

D) $5,000