. Outline the various components of the U.S. money supply as it exists today

Describe some methods of social control in the U.S. and their pros and cons.

Explain the process of urbanization, U.S. urban patterns, and rural rebound.

In your opinion, and from the U.S. perspective, was the Iraq War worth it?

P4-20: Integrative: Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided below to prepare the financial plans.

The following financial data are also available:

1. The firm has estimated that its sales for 2020 will be $900,000.
2. The firm expects to pay $35,000 in cash dividends in 2020.
3. The firm wishes to maintain a minimum cash balance of $30,000.
4. Accounts receivable represent approximately 18% of annual sales.
5. The firm’s ending inventory will change directly with changes in sales in 2020.
6. A new machine costing $42,000 will be purchased in 2020. Total depreciation for 2020 will be $17,000.
7. Accounts payable will change directly in response to changes in sales in 2020.
8. Taxes payable will equal one-fourth of the tax liability on the pro forma income statement.
9. Marketable securities, other current liabilities, long-term debt, and common stock will remain unchanged.

1. Prepare a pro forma income statement for the year ended December 31, 2020, using the percent-of-sales method.
2. Prepare a pro forma balance sheet dated December 31, 2020, using the judgmental approach.
3. Analyze these statements, and discuss the resulting external financing required.

Please show your work. It does not help me if you just provide the answers.

1. Integrative: Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided below to prepare the financial plans.

   The following financial data are also available:

   1. The firm has estimated that its sales for 2020 will be $900,000.

   2. The firm expects to pay $35,000 in cash dividends in 2020.

   3. The firm wishes to maintain a minimum cash balance of $30,000.

   4. Accounts receivable represent approximately 18% of annual sales.

   5. The firm’s ending inventory will change directly with changes in sales in 2020.

   6. A new machine costing $42,000 will be purchased in 2020. Total depreciation for 2020 will be $17,000.

   7. Accounts payable will change directly in response to changes in sales in 2020.

   8. Taxes payable will equal one-fourth of the tax liability on the pro forma income statement.

   9. Marketable securities, other current liabilities, long-term debt, and common stock will remain unchanged.

   1. Prepare a pro forma income statement for the year ended December 31, 2020, using the percent-of-sales method.

   2. Prepare a pro forma balance sheet dated December 31, 2020, using the judgmental approach.

   3. Analyze these statements, and discuss the resulting external financing required.

      Red Queen Restaurants Income Statement for the Year Ended December 31, 2019

      Sales revenue $800,000 Less: Cost of goods sold    600,000       Gross profits $200,000 Less: Operating expenses    100,000       Net profits before taxes $100,000 Less: Taxes (rate = 21%)    21,000       Net profits after taxes $ 79,000 Less: Cash dividends    20,000       To retained earnings $ 59,000

      Red Queen Restaurants Balance Sheet December 31, 2019

      Assets Liabilities and stockholders’ equity Cash $ 32,000 Accounts payable $100,000 Marketable securities 18,000 Taxes payable 20,000 Accounts receivable 150,000 Other current liabilities   5,000 Inventories    100,000      Total current liabilities $125,000      Total current assets $300,000 Long-term debt    200,000 Net fixed assets    350,000      Total liabilities $325,000      Total assets $650,000 Common stock 150,000 Retained earnings    175,000 Total liabilities and stockholders’ equity $650,000

2. LG 5

Assuming that Mccphae Corporation has done each of the following in preparation for its fiscal year-end December 31, 2020 statements, and no adjustments or corrections were made except as noted, what would be the effect of each on: (a) total assets on December 31, 2020? (b) total liabilities on December 31, 2020? (c) owners’ equity on December 31, 2020? (d) cash on December 31, 2020? Circle U/S for understate, O/S for overstate, or NE for no effect. Treat each item independently and ignore income tax effects. 1. No entry for accrued interest on a note payable was made. The $60,000 note was issued on March 1, 2020 and accrues 8% interest annually. The interest will be paid on March 1, 2021. (a) total assets U/S O/S NE (b) total liabilities U/S O/S NE (c) owners’ equity U/S O/S NE (d) cash U/S O/S NE 2. Insurance of $6,000 was prepaid on November 1, 2020 for the six months beginning November 1 and recorded as “Prepaid Insurance.” On December 31, 2020, the following adjustment was made: Insurance Expense $2,000 Cash $2,000 (a) total assets U/S O/S NE (b) total liabilities U/S O/S NE (c) owners’ equity U/S O/S NE (d) cash U/S O/S NE 3. Employee wages of $100,000 were earned in December, but will be paid in January of 2021. No entry was recorded. (a) total assets U/S O/S NE (b) total liabilities U/S O/S NE (c) owners’ equity U/S O/S NE (d) cash U/S O/S NE 4. Depreciation of factory equipment for $200,000 was not recorded. (a) total assets U/S O/S NE (b) total liabilities U/S O/S NE (c) owners’ equity U/S O/S NE (d) cash U/S O/S NE

Integrative: Pro forma statements Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided below to prepare the financial plans.

The following financial data are also available:

1. The firm has estimated that its sales for 2020 will be $900,000.

2. The firm expects to pay $35,000 in cash dividends in 2020.

3. The firm wishes to maintain a minimum cash balance of $30,000.

4. Accounts receivable represent approximately 18% of annual sales.

5. The firm’s ending inventory will change directly with changes in sales in 2020.

6. A new machine costing $42,000 will be purchased in 2020. Total depreciation for 2020 will be $17,000.

7. Accounts payable will change directly in response to changes in sales in 2020.

8. Taxes payable will equal one-fourth of the tax liability on the pro forma income statement.

9. Marketable securities, other current liabilities, long-term debt, and common stock will remain unchanged.

1. Prepare a pro forma income statement for the year ended December 31, 2020, using the percent-of-sales method.

2. Prepare a pro forma balance sheet dated December 31, 2020, using the judgmental approach.

3. Analyze these statements, and discuss the resulting external financing required.

   Red Queen Restaurants Income Statement for the Year Ended December 31, 2019

   Sales revenue $800,000 Less: Cost of goods sold    600,000       Gross profits $200,000 Less: Operating expenses    100,000       Net profits before taxes $100,000 Less: Taxes (rate = 21%)    21,000       Net profits after taxes $ 79,000 Less: Cash dividends    20,000       To retained earnings $ 59,000

   Red Queen Restaurants Balance Sheet December 31, 2019

   Assets Liabilities and stockholders’ equity Cash $ 32,000 Accounts payable $100,000 Marketable securities 18,000 Taxes payable 20,000 Accounts receivable 150,000 Other current liabilities   5,000 Inventories    100,000      Total current liabilities $125,000      Total current assets $300,000 Long-term debt    200,000 Net fixed assets    350,000      Total liabilities $325,000      Total assets $650,000 Common stock 150,000 Retained earnings    175,000 Total liabilities and stockholders’ equity $650,000

Red Queen Restaurants wishes to prepare financial plans. Use the financial statements and the other information provided below to prepare the financial plans.

Red Queen Restaurants Income Statement for the Year Ended December 31, 2019  
Sales revenue    $799,000
Less: Cost of goods sold   599,000
Gross profits    $200,000
Less: Operating expenses   101,000
Net profits before taxes    $99,000
Less: Taxes (21%)   20,790
Net profits after taxes    $78,210
Less: Cash dividends   20,500
To retained earnings    $57,710

      Red Queen Restaurants Balance Sheet December​ 31, 2019        
Assets Liabilities and Stockholders' Equity  
Cash    $32,700 Accounts payable    $99,900
Marketable securities    17,800       Taxes payable    20,600
Accounts receivable    149,800       Other current liabilities   4,500
Inventories   100,400 Total current liabilities   $125,000
Total current assets    $300,700       Long-term debt    $199,700
Net fixed assets   349,500 Common stock   $150,500
Retained earnings   $175,000
Total assets   $650,200 Total liabilities and equity    $650,200

The following financial data are also​ available:

(1) The firm has estimated that its sales for 2020 will be $899,700.

​(2) The firm expects to pay $34,400 in cash dividends in 2020.

​(3) The firm wishes to maintain a minimum cash balance of $31,500.

​(4) Accounts receivable represent approximately 21% of annual sales.

​(5) The​ firm's ending inventory will change directly with changes in sales 2020.

​(6) A new machine costing $43,100will be purchased in 2020.Total depreciation for 2020 will be $15,800.

​(7) Accounts payable will change directly in response to changes in sales in 2020.

​(8) Taxes payable will equal​ one-fourth of the tax liability on the pro forma income statement.

​(9) Marketable​ securities, other current​ liabilities, long-term​ debt, and common stock will remain unchanged.

Questions:

a. Prepare a pro forma income statement for the year ended December​ 31, 2020​, using the ​percent-of-sales method.

b. Prepare a pro forma balance sheet dated December​ 31, 2020​, using the judgmental approach.

c. Analyze these​ statements, and discuss the resulting external financing required.

Research a culture from outside of the U.S. and find traditions and beliefs within that culture that are different from those within the U.S. clearly explain the similarities and differences in material and non-material parts of both cultures. Do not forget to include the similarities and differences between both cultures' beliefs on health and illness. Explain any specifications that you need to pay attention to while caring for patients from this culture.