The following information is available from the accounting records of Manahan Co. for the year ended December 31, 2016:
| Net cash provided by financing activities | $ | 118,000 | |
| Dividends paid | 18,400 | ||
| Loss from discontinued operations, net of tax savings of $41,367 | 124,100 | ||
| Income tax expense | 27,355 | ||
| Other selling expenses | 12,000 | ||
| Net sales | 649,200 | ||
| Advertising expense | 46,500 | ||
| Accounts receivable | 57,000 | ||
| Cost of goods sold | 370,044 | ||
|
General and administrative expenses |
142,500 |
a. Calculate the operating income for Manahan Co. for the year ended December 31, 2016
|
||||||||||||||||||||||||||||||||||||||||||||||
B)
Calculate the company's net income for 2016.
In: Accounting
Part 2: Issuance of Securities
The following announcement appeared in the May 15, 2017, issue of the Wall Avenue Financial Journal:
_________________________________________________________________________
This announcement is not an offer of securities for sale or an offer to buy securities.
New Issue, May 15, 2017 $950,000,00
CRUDE OIL& GAS, INC.
6.25% Debentures Due July 1, 2032
Price 103.35%
Plus accrued interest if any from the date of issuance
Copies of the prospectus and the related prospectus supplement
may be obtained from such
of the undersigned as may legally offer these securities under
applicable securities laws.
Kermit Jeffers & Co. Inc. / Banks Bros. & Co. \ William Stork & Co.
Address the following:
Describe the entry to record the sale of a security and its impact on future interest expense.
In: Accounting
On January 1 of the current year, Townsend Co. commenced
operations. It operated its plant at 100% of capacity during
January. The following data summarized the results for
January:
| Units | ||
| Production | 50,000 | |
| Sales ($18 per unit) | 42,000 | |
| Inventory, January 31 | 8,000 | |
| Manufacturing costs: | ||
| Variable | $575,000 | |
| Fixed | 80,000 | |
| Total | $655,000 | |
| Selling and administrative expenses: | ||
| Variable | $35,000 | |
| Fixed | 10,500 | |
| Total | $45,500 |
a. Prepare an income statement using absorption costing.
| Townsend Co. | ||
| Absorption Costing Income Statement | ||
| For Month Ended January 31, 20-- | ||
| $ | ||
| $ | ||
| $ | ||
| $ | ||
b. Prepare an income statement using variable costing.
| Townsend Co. | ||
| Variable Costing Income Statement | ||
| For Month Ended January 31, 20-- | ||
| $ | ||
| $ | ||
| $ | ||
| $ | ||
| $ | ||
| $ | ||
In: Accounting
3. CH3OH is synthesized via the following reaction: CO (g) + 2H2 (g) CH3OH (g) . If the reaction occurs at 748 mmHg and 25 °C , what volume of H2 gas (in L) is necessary to synthesize 25.8 g CH3OH? What volume (L) of CO gas is required?
4. Hydrogen gas can be formed by the reaction of methane and water according to the following equation: CH4 (g) + H2O (g) CO (g) + 3H2 (g) . In one reaction, 25.5 L of methane gas (at P = 732 Torr, T = 25 °C) is mixed with 22.8 L of water vapor (at P = 702 Torr, T = 125 °C). The reaction produces 26.2 L hydrogen gas at STP. What is the percent yield of the reaction?
In: Chemistry
1. Outline and explain how gender can affect paid work and the workplace environment. Give examples.
2. Family dynamics have changed drastically in the late 20thand early 21st centuries. Identify and outline these differences and the various components. Give examples.
In: Nursing
There are many more infections and diseases that are affecting people in the United States and around the world that were not included in the readings. Pick one and describe three actions you could put in place to create awareness or control the spread of these infections and diseases in an early childhood program.
In: Nursing
The following 5 stages are associated with early neural development: Neuron death, Process Growth and Synapse Formation, Aggregation, Proliferation, Migration. List these stages in the correct temporal order in which they occur, starting with the earliest, and describe in detail what happens in each stage
In: Biology
Are sperm produced via the same type of cell division as the egg or different? Is this called mitosis or meiosis?
Is growth present or is absent during early cleavage?
How can you tell the difference between a fertilized an unfertilized egg?
Need help on these questions thanks!
In: Biology
Choose ONE particular characteristic of early hominids that differentiate them from apes. Compare/contrast that characteristic - this could be anatomical or cultural in nature. Cite any sources you use and do NOT duplicate! Please do not use Teeth, Pelvis, Knees, or Spine
In: Anatomy and Physiology
Outline the evidence supporting the proposition that chimpanzee have culture and present the arguments opposing this view too. Which view do you suspect is correct and why do you think this? How could this information color our thinking of early hominid evolution?
In: Biology