Faith Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $65,100 cash from Busby and $144,900 from Beatty. During 2018, the partnership earned $63,900 in cash revenues and paid $32,850 for cash expenses. Busby withdrew $2,400 cash from the business, and Beatty withdrew $3,900 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business. Required: Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for B&B’s 2018 fiscal year.
In: Accounting
Faith Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $86,800 cash from Busby and $193,200 from Beatty. During 2018, the partnership earned $68,200 in cash revenues and paid $43,150 for cash expenses. Busby withdrew $3,500 cash from the business, and Beatty withdrew $4,700 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business.
Required:
Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for B&B’s 2018 fiscal year.
In: Accounting
Faith Busby and Jeremy Beatty started the B&B partnership on January 1, 2018. The business acquired $86,800 cash from Busby and $193,200 from Beatty. During 2018, the partnership earned $68,200 in cash revenues and paid $43,150 for cash expenses. Busby withdrew $3,500 cash from the business, and Beatty withdrew $4,700 cash. The net income was allocated to the capital accounts of the two partners in proportion to the amounts of their original investments in the business.
Required:
Prepare an income statement, capital statement (statement of changes in equity), balance sheet, and statement of cash flows for B&B’s 2018 fiscal year.
In: Accounting
Only doing a research for this company and answer theses questions and should include all the references that you used.
Who are the competitors??
Perform SWOT analysis
Conduct an in depth analysis of new market factors
Such as Culutre
Legal
Economic
Ab Ovo confectionary company.
In: Accounting
Based on US mortality statistics, the probability that a 30-year old white female will die within the next year is 0.000642 (and so the probability of living another year is 1-0.000642 = 0.999358). What premium should a life insurance company charge to break even on a $500,000 one-year term insurance policy for a 30-year old white female? Please select the closest response.
| 260 |
| 290 |
| 351 |
| 231 |
| 321 |
In: Finance
"Some people call this artificial intelligence, but the reality
is this technology
will enhance us. So instead of artificial intelligence, I think
we'll augment
our intelligence." Ginni Rometty, former CEO of IBM
Discuss the term “Augmented Intelligence” and what it means
for
introducing broadly the use of artificial intelligence capabilities
in key
functions of the company (e.g. Marketing, Sales, R&D, IT, and
Service).
(recommended to choose ByteDance, Vodafone,
Microsoft, TetraPak and Siemens as examples)
In: Operations Management
Sandoz Nutrition Corporation is a subsidiary of the Swiss pharmaceutical giant, Sandoz Ltd. Sandoz, based in Minneapolis, Minnesota, began manufacturing Optifast 70, a liquid meal-replacement weight loss program in 1976. The six month program is designed for people who are at least 30 percent or 50 pounds over their ideal weight. Health problems often accompany excessive weight. Optifast provides an opportunity to get rid of the weight fast.
The Optifast program is only available through doctors, hospitals, and medical clinics; a prescription is required to purchase the products. The Optifast program typically begins with the patient being placed on 420 to 800 calorie diet per day of liquid protein for 12 to 16 weeks. Calorie intake is then increased to 1000 or 1200 calories per day for the remainder of the program. The total cost is between $1400 and $2800. Optifast sales grew slowly following its introduction as the medical community and consumers became aware of the program. Sales continued to build slowly until mid November1988. Then Oprah Winfrey announced on her TV talk show that she had lost 67 pounds using Optifast. She appeared on the program in size 10 jeans to prove her point. Here was a celebrity endorsing Optifast without being asked for or paid! Within hours Sandoz received more than 200,000 phone inquires about the Optifast diet program.
The firm does not publish sales figures, but they forecasted a sales increase of from 25 to 30 percent during the six weeks following Oprah’s announcement. In 1989 Sandoz launched a print advertisement program, mostly in professional journals. Its promotional brochure and ad claims included: (1) “ The one that’s clinically proven safe and effective” and (2) “You can call the Optifast program today, and have all you need to control your weight for the rest of your life.” Unfortunately for Oprah, she regained 17 pounds during the first year after she completed the Optifast program. Studies at the University of Pennsylvania suggested that people who undertake quick weight loss programs such as liquid diets are likely to experience weight rebounds. Studies at the University of Michigan indicated that as many as 90 percent of dieters regain weight within five years after losing it. Liquid diets have also been linked with dizziness, headaches, nausea, gallbladder problems, and irregular heartbeat. Thus, there appears to be some difference between claims and use experience.
Questions:
In: Operations Management
ou are considering an investment in Fields and Struthers, Inc. and want to evaluate the firm’s free cash flow. From the income statement, you see that Fields and Struthers earned an EBIT of $64 million, had a tax rate of 30 percent, and its depreciation expense was $5 million. Fields and Struthers’ gross fixed assets increased by $30 million from 2017 to 2018. The firm’s current assets increased by $26 million and spontaneous current liabilities increased by $15 million.
Calculate Fields and Struthers’ free cash flow for 2018. what is investment in operating activites?
In: Finance
Simba and Zola are married but file separate returns. Simba received $80,000 of salary and $1,200 of taxable dividends on stock he purchased in his name and paid from the salary that he earned since the marriage. Zola collected $900 in taxable interest on certificate of deposit that she inherited from her aunt.
Compute Zola’s gross income under two assumptions as to the state of residency of the couple.
If an amount is zero, enter "$0".
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In: Accounting
|
Currency |
Lending Rate |
Borrowing Rate |
|
Dollars |
7. 0% |
7.2% |
|
Singapore dollar |
22.0% |
24.0% |
Diamond Bank considers borrowing 10 million Singapore dollars in the interbank market and investing the funds in U.S. dollars for 60 days. Estimate the profits (or losses) that could be earned from this strategy. Should Diamond Bank pursue this strategy?
In: Finance