| RAMBLE CORPORATION Statement of Financial Position |
||||||
| December 31 | ||||||
| Assets | 2020 | 2019 | ||||
| Cash | $78,000 | $34,800 | ||||
| Accounts receivable | 104,400 | 70,800 | ||||
| Inventory | 159,600 | 97,200 | ||||
| FV-OCI investments in shares | 75,600 | 100,800 | ||||
| Land | 78,000 | 123,600 | ||||
| Equipment | 468,000 | 516,000 | ||||
| Accumulated depreciation—equipment | (140,400 | ) | (103,200 | ) | ||
| Goodwill | 148,800 | 207,600 | ||||
| Total | $972,000 | $1,047,600 | ||||
| Liabilities and Shareholders’ Equity | ||||||
| Accounts payable | $14,400 | $61,200 | ||||
| Dividends payable | 18,000 | 38,400 | ||||
| Notes payable | 264,000 | 402,000 | ||||
| Common shares | 318,000 | 150,000 | ||||
| Retained earnings | 345,600 | 340,800 | ||||
| Accumulated other comprehensive income | 12,000 | 55,200 | ||||
| Total | $972,000 | $1,047,600 | ||||
Additional information:
| 1. | Net income for the fiscal year ending December 31, 2020, was $22,800. | |
| 2. | In March 2020, a plot of land was purchased for future construction of a plant site. In November 2020, a different plot of land with original cost of $103,200 was sold for proceeds of $114,000. | |
| 3. | In April 2020, notes payable amounting to $168,000 were retired through the issuance of common shares. In December 2020, notes payable amounting to $30,000 were issued for cash. | |
| 4. | FV-OCI investments were purchased in July 2020 for a cost of $18,000. By December 31, 2020, the fair value of Bramble’s portfolio of FV—OCI investments decreased to $75,600. No FV—OCI investments were sold in the year. | |
| 5. | On December 31, 2020, equipment with an original cost of $48,000 and accumulated depreciation to date of $14,400 was sold for proceeds of $25,200. No equipment was purchased in the year. | |
| 6. | Dividends on common shares of $38,400 and $18,000 were declared in December 2019 and December 2020, respectively. The 2019 dividend was paid in January 2020 and the 2020 dividend was paid in January 2021. Dividends paid are treated as financing activities. | |
| 7. | A loss on impairment was recorded in the year to reflect a decrease in the recoverable amount of goodwill. No goodwill was purchased or sold in the year. |
(a)
Prepare a statement of cash flows using the indirect method for
cash flows from operating activities.
| RAMBLE CORPORATION Statement of Financial Position |
||||||
| December 31 | ||||||
| Assets | 2020 | 2019 | ||||
| Cash | $78,000 | $34,800 | ||||
| Accounts receivable | 104,400 | 70,800 | ||||
| Inventory | 159,600 | 97,200 | ||||
| FV-OCI investments in shares | 75,600 | 100,800 | ||||
| Land | 78,000 | 123,600 | ||||
| Equipment | 468,000 | 516,000 | ||||
| Accumulated depreciation—equipment | (140,400 | ) | (103,200 | ) | ||
| Goodwill | 148,800 | 207,600 | ||||
| Total | $972,000 | $1,047,600 | ||||
| Liabilities and Shareholders’ Equity | ||||||
| Accounts payable | $14,400 | $61,200 | ||||
| Dividends payable | 18,000 | 38,400 | ||||
| Notes payable | 264,000 | 402,000 | ||||
| Common shares | 318,000 | 150,000 | ||||
| Retained earnings | 345,600 | 340,800 | ||||
| Accumulated other comprehensive income | 12,000 | 55,200 | ||||
| Total | $972,000 | $1,047,600 | ||||
Additional information:
| 1. | Net income for the fiscal year ending December 31, 2020, was $22,800. | |
| 2. | In March 2020, a plot of land was purchased for future construction of a plant site. In November 2020, a different plot of land with original cost of $103,200 was sold for proceeds of $114,000. | |
| 3. | In April 2020, notes payable amounting to $168,000 were retired through the issuance of common shares. In December 2020, notes payable amounting to $30,000 were issued for cash. | |
| 4. | FV-OCI investments were purchased in July 2020 for a cost of $18,000. By December 31, 2020, the fair value of Bramble’s portfolio of FV—OCI investments decreased to $75,600. No FV—OCI investments were sold in the year. | |
| 5. | On December 31, 2020, equipment with an original cost of $48,000 and accumulated depreciation to date of $14,400 was sold for proceeds of $25,200. No equipment was purchased in the year. | |
| 6. | Dividends on common shares of $38,400 and $18,000 were declared in December 2019 and December 2020, respectively. The 2019 dividend was paid in January 2020 and the 2020 dividend was paid in January 2021. Dividends paid are treated as financing activities. | |
| 7. | A loss on impairment was recorded in the year to reflect a decrease in the recoverable amount of goodwill. No goodwill was purchased or sold in the year. |
(a)
Prepare a statement of cash flows using the indirect method for
cash flows from operating activities.
In: Accounting
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b)-232,392.25
c)-169,326.22
d)-197,607.75
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a. What will be the number of shares outstanding after the
split?
shares
b. If the common stock had a market price of $78 per share
before the stock split, what would be an approximate market price
per share after the split?
$ per share
c. Journalize the entry to record the stock split. If no entry is required, type "No Entry" and leave the amount boxes blank.
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Without the merger, Pete's Print Shop's earnings after taxes in years 1 through 5 is $_________ (Round to the nearest dollar.)
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a) Calculate the pH before addition of any KOH.
b) Calculate the pH after the addition of 8.65, 21.62 and 42.23 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 at the equivalence point.
e) Calculate the pH after adding 5.00 mL of KOH past the equivalence point.
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b) shows the percentage of after-tax profits paid out as dividends
c) measures the return on total investment in the enterprise
d) indicates the percentage of revenues available to cover operating expenses and yield a profit.
e) shows how much profit is earned on each dollar of sales, before paying interest charges and income taxes.
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A buffer solution contains both a weak acid (HA) and its conjugate base (A-) so buffers do not have large changes in pH after addition of a small amount of strong acid or strong base.
What is the pH of 500.0 mL of a buffer composed of acetic acid (0.300 moles) and sodium acetate (0.200 moles) before and after addition of solid sodium hydroxide (5.84 g)? Assume no change in volume with addition of NaOH. pKa = 4.756 for acetic acid.
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A titration is performed by adding 0.300 M KOH to 30.0 mL of 0.400 M HCl.
a) Calculate the pH before addition of any KOH.
b) Calculate the pH after the addition of 10.0, 25.0 and 39.5 mL of the base.
c) Calculate the volume of base needed to reach the equivalence point.
d) Calculate the pH at the equivalence point.
e) Calculate the pH after adding 5.00 mL of KOH past the endpoint.
f) Sketch the titration curve based on the calculated points above.
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Determine the pH during the titration of 38.2
mL of 0.207 M diethylamine
((C2H5)2NH,
Kb = 6.9×10-4) by
0.207 M HNO3 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
HNO3 _______
(b) After the addition of 14.6 mL
of HNO3 ______
(c) At the titration midpoint ________
(d) At the equivalence point _______
(e) After adding 59.2 mL of
HNO________
Please answer all parts and explain the process
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