Questions
How much cash do I have at the end of period 2, 3, and 4? Please...

How much cash do I have at the end of period 2, 3, and 4?

Please add calculations for each period.

Period Debit or Credit Value Type Account
0 Credit(+) $1,500,000 Equity Startup Capital
0 Debit(+) $1,500,000 Asset Cash
0 Debit(+) $300,000 Asset Property, Plant & Equipment
1 Debit(+) $26,000 Expense Operating Costs
1 Credit(-) $26,000 Asset Cash
1 Credit(+) $126,114 Revenue Revenue
1 Debit(+) $126,114 Asset Cash
1 Debit(+) $240,000 Asset Inventory
1 Credit(+) $240,000 Asset Cash
1 Debit(+) $67,261 Expense Cost of Goods Sold
1 Credit(-) $67,261 Asset Inventory
2 Debit(+) $26,000 Expense Operating Costs
2 Credit(-) $26,000 Asset Cash
2 Credit(+) $473,886 Revenue Revenue
2 Debit(+) $473,886 Asset Cash
2 Debit(+) $90,000 Asset Inventory
2 Credit(+) $90,000 Asset Cash
2 Debit(+) $284,332 Expense Cost of Goods Sold
2 Credit(-) $284,332 Asset Inventory
2 Debit(+) $37,500 Expense Loan Payment - Interest
2 Credit(-) $37,500 Asset Cash
2 Debit(+) $250,000 Liability Loan Payment - Principal
2 Credit(-) $250,000 Asset Cash
2 Debit(+) $40,000 Expense Other Costs
2 Credit(-) $40,000 Asset Cash
2 Debit(+) $6,000 Expense Market Research Costs
2 Credit(-) $6,000 Asset Cash
2 Debit(+) $2,500 Expense Sales Promotion - OKC
2 Credit(-) $2,500 Asset Cash
2 Debit(+) $2,500 Expense Sales Promotion - Tulsa
2 Credit(-) $2,500 Asset Cash
2 Debit(+) $2,500 Expense Sales Promotion - Stillwater
2 Credit(-) $2,500 Asset Cash
2 Debit(+) $2,500 Expense Product Line Brand - OKC
2 Credit(-) $2,500 Asset Cash
2 Debit(+) $2,500 Expense Product Line Brand - Tulsa
2 Credit(-) $2,500 Asset Cash
2 Debit(+) $2,500 Expense Product Line Brand - Stillwater
2 Credit(-) $2,500 Asset Cash
3 Debit(+) $26,000 Expense Operating Costs
3 Credit(-) $26,000 Asset Cash
3 Credit(+) $799,731 Revenue Revenue
3 Debit(+) $799,731 Asset Cash
3 Debit(+) $682,500 Asset Inventory
3 Credit(+) $682,500 Asset Cash
3 Debit(+) $559,812 Expense Cost of Goods Sold
3 Credit(-) $559,812 Asset Inventory
3 Debit(+) $1,500 Expense Market Research Costs
3 Credit(-) $1,500 Asset Cash
3 Debit(+) $2,500 Expense Research & Development - Flavor Varieties
3 Credit(-) $2,500 Asset Cash
3 Debit(+) $5,000 Expense Research & Development - Ingredient Quality
3 Credit(-) $5,000 Asset Cash
3 Debit(+) $15,000 Expense Research & Development - Update Equipment
3 Credit(-) $15,000 Asset Cash
3 Debit(+) $3,750 Expense Sales Promotion - OKC
3 Credit(-) $3,750 Asset Cash
3 Debit(+) $2,500 Expense Sales Promotion - Tulsa
3 Credit(-) $2,500 Asset Cash
3 Debit(+) $5,000 Expense Sales Promotion - Stillwater
3 Credit(-) $5,000 Asset Cash
3 Debit(+) $3,750 Expense Product Line Brand - OKC
3 Credit(-) $3,750 Asset Cash
3 Debit(+) $2,500 Expense Product Line Brand - Tulsa
3 Credit(-) $2,500 Asset Cash
3 Debit(+) $5,000 Expense Product Line Brand - Stillwater
3 Credit(-) $5,000 Asset Cash
4 Debit(+) $26,000 Expense Operating Costs
4 Credit(-) $26,000 Asset Cash
4 Credit(+) $723,876 Revenue Revenue
4 Debit(+) $723,876 Asset Cash
4 Debit(+) $315,000 Asset Inventory
4 Credit(+) $315,000 Asset Cash
4 Debit(+) $381,945 Expense Cost of Goods Sold
4 Credit(-) $381,945 Asset Inventory
4 Debit(+) $1,500 Expense Market Research Costs
4 Credit(-) $1,500 Asset Cash
4 Debit(+) $2,500 Expense Research & Development - Flavor Varieties
4 Credit(-) $2,500 Asset Cash
4 Debit(+) $5,000 Expense Research & Development - Ingredient Quality
4 Credit(-) $5,000 Asset Cash
4 Debit(+) $5,000 Expense Sales Promotion - OKC
4 Credit(-) $5,000 Asset Cash
4 Debit(+) $5,000 Expense Sales Promotion - Tulsa
4 Credit(-) $5,000 Asset Cash
4 Debit(+) $5,000 Expense Sales Promotion - Stillwater
4 Credit(-) $5,000 Asset Cash
4 Debit(+) $5,000 Expense Product Line Brand - OKC
4 Credit(-) $5,000 Asset Cash
4 Debit(+) $5,000 Expense Product Line Brand - Tulsa
4 Credit(-) $5,000 Asset Cash
4 Debit(+) $5,000 Expense Product Line Brand - Stillwater
4 Credit(-) $5,000 Asset Cash

In: Accounting

Which of the following statements about process efficiency is FALSE? A process is efficient if it...

Which of the following statements about process efficiency is FALSE?
  • A process is efficient if it is able to achieve a high flow rate with few resources.
  • Cost of direct labor goes up if flow rate goes up 
  • Revenue goes up if flow rate goes up
  • Cycle time goes up if flow rate goes down.

In: Other

Benchmarking is one of the essential ways to evaluate companies as it allows investors to compare...

Benchmarking is one of the essential ways to evaluate companies as it allows investors to compare various companies in the same industry.

Pick an industry of your choice and choose 2 companies for the purpose of benchmarking. Research their total revenue, net income, and market capitalization on Yahoo Finance. Explain in which which of these two companies you would prefer to invest, and why?

In: Finance

FIllmore Company began operations on Sept. 1 by purchasing$6,000 of inventory and $600 of cleaning...

FIllmore Company began operations on Sept. 1 by purchasing $6,000 of inventory and $600 of cleaning supplies.  During the month, the company generated $7,500 of sales revenue. On Sept. 30, the company had $2,100 of inventory remaining, along with $400 of cleaning supplies. What was FIllmore Company's gross profit for the month of September?Note 3,400 is wrong somehow!

In: Accounting

In year 1, Company A has the following info in itsfinancial statements: Retained Earnings (beginning...

In year 1, Company A has the following info in its financial statements: Retained Earnings (beginning balance) of $32,000; Retained Earnings (ending balance) of $95,000; Revenue of $100,000, Expenses (including tax expense) of $30,000, and dividends declared $7,000.

What amount will be shown as Net Income in Income Statement?

$95,000

$70,000

$63,000

$77,00

In: Accounting

What does net profit margin indicate? A. The marginal growth or decline of net income year...

What does net profit margin indicate?

  • A. The marginal growth or decline of net income year over year.

  • B. How much of a return is generated from an investment.

  • C. How much net profit is generated per each dollar of revenue.

  • D. How much net profit is generated for every dollar of assets.

In: Accounting

Alumco sells product on account under credit terms of 1% / 10 / net 30. Indicate...

Alumco sells product on account under credit terms of 1% / 10 / net 30. Indicate whether each of the following account will receive a debit (DR) or credit (CR) or no entry (NE) when a customer pays its bill within the discount period:

Cost of Goods Sold

Accounts Receivable

Discounts Returns and Allowances

Revenue

In: Accounting

Suppose the demand and supply curves of a perfectly competitive market are: Supply: Q = P...

Suppose the demand and supply curves of a perfectly competitive market are:

Supply: Q = P - 10
Demand: Q = 90 - P
(1) Solve for the market equilibrium (price and quantity at equilibrium)
(2) Solve for Welfare (Total Surplus).
(3) Suppose a per-unit tax of $10 is imposed in the market. Calculate tax revenue and deadweight loss.

In: Economics

The following selected accounts appear in the adjusted trial balance for Bender Company: 1 .Accumulated Depreciation...

The following selected accounts appear in the adjusted trial balance for Bender Company:

1 .Accumulated Depreciation 5. Supplies
2 .Depreciation Expense 6. Accounts Payable
3 .J. Bender, Capital 7. Service Revenue
4 .J. Bender, Drawings


Instructions
Identify the accounts that would be included in the post-closing trial balance.

In: Accounting

For the alternatives shown below, determine the incremental rate of return for cash flows for Q...

For the alternatives shown below, determine the incremental rate of return for cash flows for Q – P.

Alternative P

Alternative Q

First cost, $

-50,000

-85,000

Annual operating cost, $ per year

-8,600

-2,000

Annual revenue, $ per year

22,000

45,000

Salvage value, $

3,000

8,000

Life, years

2

3

In: Economics