Burns Corporation's net income last year was $97,400. Changes in the company's balance sheet accounts for the year appear below:
| Increases (Decreases) | |||
| Asset and Contra-Asset Accounts: | |||
| Cash and cash equivalents | $ | 19,300 | |
| Accounts receivable | $ | 13,500 | |
| Inventory | $ | (16,800 | ) |
| Prepaid expenses | $ | 4,400 | |
| Long-term investments | $ | 10,500 | |
| Property, plant, and equipment | $ | 75,600 | |
| Accumulated depreciation | $ | 32,200 | |
| Liability and Equity Accounts: | |||
| Accounts payable | $ | (19,600 | ) |
| Accrued liabilities | $ | 16,800 | |
| Income taxes payable | $ | 4,300 | |
| Bonds payable | $ | (61,200 | ) |
| Common stock | $ | 40,800 | |
| Retained earnings | $ | 93,200 | |
The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend of $4,200.
Required:
a. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.)
b. Prepare the investing activities section of the company's statement of cash flows for the year.
c. Prepare the financing activities section of the company's statement of cash flows for the year.
| Operating activities: | ||
| Adjustments: | ||
| Investing Activities: | |
| Financing Activities: | |
In: Accounting
Related samples t-test:
Test whether semester GPA significantly changes during a semester abroad program. Use a related (dependent) samples t-test and alpha = .05 with a nondirectional test. The data are presented below.
Answer the following questions. You can use SPSS, but if you do this problem “by hand” be sure to show your work.
Before program During program
2.94 3.03
2.22 1.79
3.12 3.13
1.99 2.97
3.43 3.75
3.08 3.11
2.81 2.98
3.72 3.92
2.18 2.03
3.60 3.52
In: Statistics and Probability
Name: Date: Exp 1: Observations of Chemical Changes Lab Section: Data Tables: Part 1: Chemicals Well No. Observations of the Reaction A. NaHCO3 + HCl B. HCl + BTB C. NH3 + BTB D. HCl + blue dye E. Blue dye + NaOCl with the 1 drop of HCl F. NaOCl + KI with 1 drop of starch G. KI + Pb(NO3)2 H. NaOH + phenolphthalein I. HCl + phenolphthalein J. NaOH + AgNO3 K. AgNO3 + NH3 after exposure to bright light L. NH3 and CuSO4 Part F: Testing of Various Foods with the NaOCl + KI solution Foods Presence or Absence of Starch Part 2: Household Chemicals with Bromthymol Blue Use the empty pipet in the Auxiliary Supplies Bag to test several (at least 3) household items including household cleaning products with bromothymol blue. Rinse the pipet well before using it on the next household chemical. When finished with this experiment rinse the pipet well and return it to the Auxiliary Bag for use in future experiments. Name the items tested and record their results. Household Chemicals Well No. Observations of the Reaction Conclusion: Questions and Problems: A. Suppose a household product label says it contains sodium hydrogen carbonate (sodium bicarbonate, NaHCO3). How would you test this material for the presence of sodium bicarbonate? B. Looking at the household chemicals you tested with bromthymol blue, what can you deduce from the test results for each of the household chemicals? C. You found a sample of a solution that you think might be vinegar which is acidic. You are verifying that it is indeed vinegar and you add a few drops of phenolphthalein. The sample turns pink. What does that tell you about this sample? D. You suspect dissolved silver ions in a solution. How would you test this solution to confirm the p
In: Chemistry
As shown in the Figure below, a light string that does not stretch changes from horizontal to vertical as it passes over the edge of a table. The string connects m_1, a 3.30 kg block, originally at rest on the horizontal table at a height 1.29 m above the floor, to m_2, a hanging 2 kg block originally a distance d = 0.980 m above the floor. Neither the surface of the table nor its edge exerts a force of kinetic friction. The blocks start to move from rest. The sliding block m_1 is projected horizontally after reaching the edge of the table. The hanging block m_2 stops without bouncing when it strikes the floor. Consider the two blocks plus the Earth as the system.

(a) Find the speed at which m_1 leaves the edge of the table. (Assume m_2 hits the ground before m_1 leaves the table.)
(b) Find the impact speed of m_1 on the floor.
(c) What is the shortest length of the string so that it does not go taut while m_1 is in flight?
(d) Is the energy of the system when it is released from rest equal to the energy of the system just before m_1 strikes the ground?
Yes No
(e) Why or why not?
In: Physics
Mohammed Corporation's comparative balance sheet for current assets and liabilities was as follows:
Dec. 31, Year 2 Dec. 31, Year 1 Accounts receivable $14,500 $12,300 Inventory 48,800 57,400
Accounts payable 11,600 10,200
Dividends payable 23,000 24,000
Adjust net income of $107,300 for changes in operating assets and liabilities to arrive at net cash flow from operating activities.
In: Accounting
IV- The following figure shows four situation of the market for normal good with changes in either the supply curve or the demand curve.

1- Which graph best illustrates the market after an increase in the income of consumers?
2- Which graph best illustrates the market if the cost of production of the good increases?
3- Which graph best illustrates the market if the price of substitute good increases?
In: Economics
In: Mechanical Engineering
Problem 3-24B Assessing simultaneous changes in CVP relationships using the equation method
Milton Company sells tennis racquets; variable costs for each are $45, and each is sold for $135. Milton incurs $540,000 of fixed operating expenses annually.
Required
Determine the sales volume in units and dollars required to attain a $270,000 profit. Verify your answer by preparing an income statement using the contribution margin format.
Milton is considering establishing a quality improvement program that will require a $15 increase in the variable cost per unit. To inform its customers of the quality improvements, the company plans to spend an additional $150,000 for advertising. Assuming that the improvement program will increase sales to a level that is 5,000 units above the amount computed in Requirement a, should Milton proceed with plans to improve product quality? Support your answer by preparing a budgeted income statement.
Determine the new break-even point and the margin of safety percentage, assuming Milton adopts the quality improvement program. Round your figures to two decimal points.
Prepare a break-even graph using the cost and price assumptions outlined in Requirement c.
In: Accounting
Prepare T account, trial balance, balance sheet and changes in owner's equity statement.
In: Accounting
Multiple-Product Analysis, Changes in Sales Mix, Sales to Earn Target Operating Income
Basu Company produces two types of sleds for playing in the snow: basic sled and aerosled. The projected income for the coming year, segmented by product line, follows:
| Basic Sled | Aerosled | Total | |||
| Sales | $3,000,000 | $2,400,000 | $5,400,000 | ||
| Total variable cost | 1,000,000 | 1,000,000 | 2,000,000 | ||
| Contribution margin | $2,000,000 | $1,400,000 | $3,400,000 | ||
| Direct fixed cost | 778,000 | 650,000 | 1,428,000 | ||
| Product margin | $1,222,000 | $750,000 | $1,972,000 | ||
| Common fixed cost | 198,900 | ||||
| Operating income | $1,773,100 |
The selling prices are $30 for the basic sled and $60 for the aerosled. (Round break-even packages and break-even units to the nearest whole unit.)
Required:
1. Compute the number of units of each product that must be sold for Basu to break even.
| Basic ____ (in units) | |
| Aero ____ (in units) |
2. Assume that the marketing manager changes the sales mix of the two products so that the ratio is five basic sleds to three aerosleds. Compute the number of units of each product that must be sold for Basu to break even. Round your answers to the nearest whole number.
| Basic ____ (in units) | |
| Aero ____ (in units) |
3. Conceptual Connection: Refer to the original
data. Suppose that Basu can increase the sales of aerosleds with
increased advertising. The extra advertising would cost an
additional $195,000, and some of the potential purchasers of basic
sleds would switch to aerosleds. In total, sales of aerosleds would
increase by 12,000 units, and sales of basic sleds would decrease
by 5,000 units. Would Basu be better off with this strategy? If so,
give the amount of increase in income.
___ $
In: Accounting