Use the following comparative Balance Sheets, Income Statement, and additional information to prepare the 2018 Statement of Cash Flows for United Brands Corporation.

Required:

Prepare an entire Statement of Cash Flows (all three sections) using the indirect method for the Operating Activities section.

Prepare the Operating Activities section using the direct method.

United Brands Corporation

Balance Sheets

December 31, 2018 and 2017

($ in millions)

2018 2017 Incr (Decr)

ASSETS

Current Assets:

Cash $41 $20 $21

Accounts receivable 32 30 2

Inventory 46 50 (4)

Prepaid insurance 3 6 (3)

Property, Plant, & Equipment:

Land 80 60 20

Equipment 81 75 6

Less: Accumulated depreciation (16) (20) (4)

Total Assets $267 $221

LIABILITIES

Current Liabilities:

Accounts payable $26 $20 $6

Salaries payable 3 1 2

Income tax payable 6 8 (2)

Notes payable, current 34 47 (13)

Long-term Liabilities:

Notes payable, long-term 20 0 20

EQUITY

Common stock, $10 par, 50 million

shares authorized, 13 million issued in 2018,

10 million issued in 2017 $130 $100 $30

Paid-in capital in excess of par-common stock 29 20 9

Retained Earnings 19 25 (6)

Total Liabilities and Equity $267 $221

United Brands Corporation

Income Statement

for the year ended December 31, 2018

($ in millions)

Sales revenue $100

Cost of goods sold (60)

Gross profit $40

Operating expenses:

Salaries expense (13)

Depreciation expense (3)

Insurance expense (7)

Income from operations $17

Other income and expenses:

Interest expense (2)

Gain on sale of land 8

Loss on sale of equipment (2)

Income before income tax $21

Income tax expense (9)

Net income $12

Additional information for 2018 transactions:

All inventory is purchased on account, and the Accounts Payable account is used exclusively for inventory purchases.

A portion of the company land was sold for $18 million in cash. This land was originally purchased in a previous year for $10 million.

Land was purchased for $30 million cash for use as a parking lot.

Equipment was sold in 2018 that had an Accumulated Depreciation balance of $7 million on the date of sale. The equipment originally cost $14 million and was sold at a loss for cash. (HINT: You must determine the amount of cash received.)

In 2018, new equipment was acquired by issuing a 12%, five-year, $20 million note payable to the seller.

During 2018, $55 million of short-term (current) notes payable were paid in cash and $42 million of cash was borrowed in the form of short-term debt (current notes payable).

The increase in the common stock account is attributed to two transactions:

Issuance of a 10% stock dividend (1 million shares) when the market price was $13 per share.

Issuance of 2 million shares for cash when the market price was $13 per share.

Cash dividends were declared and paid to shareholders. (HINT: You must determine the amount of cash dividends paid.)

a) Based on the information below, prepared a financial position of company ABC Sdn Bhd. as at 31.12.2019.

b) You are required to calculate and comments on the following:

   (i) Non-current asset

(ii) Current asset   

(iii) Current liabilities

   (iv) Non-current liabilities

(v) Equity

(vi) Working capital

A bucket contains exactly 3 marbles, one red, one blue and one green.

A person arbitrarily pulls out each marble one at a time.

Given the following:

• Event 1: The first marble removed is non-red
• Event 2: The last marble removed is non-red

Which of the following statements is NOT true?

A.The probability of both events happening is 50%.

B.The probability of either of these events happening is 33%.

C.Event 1 is independent of Event 2.

D.The probability of Event 1 occurring is the same as the probability of Event 2 occurring.

1. If a good has an externality do free markets markets maximize social welfare? Why or why not?

2. Suppose a politician proposes taxing a good. As an economist (trying to maximize social well-being), under what circumstances would you support the tax and why?

3. What is a market failure? Why is it important to study market failures?

4. Suppose a good is both non-rival and non-excludable. Do we expect the market to provide the desired amount of the good? Why or why not? If not, what can be done to reach the desired amount of the good?

Carolina issued a 15-year semi-annual non-callable bond five years ago. Bond has a $1,000 face value, coupon rate of 5% and it currently sells for $925. Carolina needs to issue 10-year semi-annual note. Note will be non-callable and is expected to get the same credit rating as outstanding bond issue. If Carolina wants to issue and sell new note at par, find approximate coupon rate that needs to be assigned to the note. (Hint: similar bonds/notes should be providing approximately same returns).

So in different solvents solvatochromatic dyes produce different colors based on the gap created by said solvent. So I know that adding electron donating groups raises the HOMO and withdrawing group lower the LUMO, I'm having trouble thinking about the effects this would have on the color. on an unsubstituted dye polar solvents produce a red color and non-polar solvents produce a blue color. My dye that had electron donating groups on it, Would the color spectrum become redder even in non polar solvents and why?

Question 1: Differentiate between quantitative and qualitative research paradigms and identify four (4) methodological approaches used in each.

Question 2: Discuss the difference between parametric and non-parametric statistics and provide four (4) examples of parametric statistical tests and the equivalent non-parametric statistical tests.

Question 3: Discuss the role of clinical terminologies, such as SnoMed CT, in the development of Healthcare informatics.

Question 4: Describe four (4) potential benefits of healthcare informatics and how these may impact on nursing care.

(All 500 words each)

A)What is the total vapor pressure in atm of a solution created by combining 4.43 moles of toluene and 5.38 moles of benzene at 350K? At 350K P_{vap, toluene} = 0.33 atm and P_{vap, benzene} = 0.95 atm

B)What is the molar mass of a non-ionizing, non-volatile solid that when 10.4 g is dissolved in water to make 100.0 mL of solution creats a solution with an osmotic pressure of 6.07 atm at 25.0^oC

C)What is the freezing point of an aqueous solution made by dissolving 0.151 mole of MgCl₂ in 100.0 g of water? K_f = 1.86 ^oC/m

Which of the following statements are true

Select one:

a. Indigenous Australians are 1.7 times more likely than non-indigenous Australians to have a disability

b. When indigenous people have heart attacks they are more than twice as likely to die from the heart attacks as a non-indigenous counterparts

c. When indigenous people are admitted to hospital following a heart attack there is a 40% lower rate of being investigated by angiographic coronary angioplasty or stent procedures

d. The research shows that when indigenous people are admitted to hospital it is usually alcohol-related