Date
Particulars
Amount (Dr)
Amount (Cr)
5-Dec
Accounts payable
$4,950
Cash or Bank Account
$4,950...
Date
Particulars
Amount (Dr)
Amount (Cr)
5-Dec
Accounts payable
$4,950
Cash or Bank Account
$4,950
6-Dec
Advance rental
$8,500
Cash or Bank Account
$8,500
6-Dec
Supplies Account
$720
Accounts payable
$720
7-Dec
Cash Account
$16,000
Concession Sales
$16,000
7-Dec
Bank Account
$16,000
Cash Account
$16,000
9-Dec
Cash Account
$480
Unearned revenue
$480
10-Dec
Concessions items
$2,150
Accounts payable
$2,150
Post the Dec. journal entries to the general ledger. I only have
a small...
I am having some trouble visualizing this present value question
and have already put it on...
I am having some trouble visualizing this present value question
and have already put it on a timeline, but it's still not clear. I
think I may be making it more complex than it really is, but here
is the question and then I will explain why I am having
problems.
At an annual interest rate of 6%, which would you prefer - three
annual year-end cash flows of $250 each with the first cash flow
one year from today...
I have to prepare the cash flows using the direct method, the
data i hace is...
I have to prepare the cash flows using the direct method, the
data i hace is a s follows:
Income Statement
Sales Revenue
$
48,600
Expenses:
Cost of Goods Sold
21,000
Depreciation Expense
2,000
Salaries Expense
9,000
Rent Expense
4,500
Insurance Expense
1,900
Interest Expense
1,800
Utilities Expense
1,400
Net Income
$
7,000
Selected Balance Sheet Accounts
2010
2009
Accounts Receivable
$
560
$
580
Merchandise Inventory
990
770
Accounts Payable
440
460
Prepaid...
Item
Prior year
Current year
Accounts payable
8,171.00
7,835.00
Accounts receivable
6,020.00
6,657.00
Accruals
994.00
1,520.00...
Item
Prior year
Current year
Accounts payable
8,171.00
7,835.00
Accounts receivable
6,020.00
6,657.00
Accruals
994.00
1,520.00
Cash
???
???
Common Stock
10,036.00
11,928.00
COGS
12,613.00
18,047.00
Current portion long-term debt
4,949.00
5,009.00
Depreciation expense
2,500
2,782.00
Interest expense
733
417
Inventories
4,179.00
4,783.00
Long-term debt
14,146.00
13,880.00
Net fixed assets
50,413.00
54,188.00
Notes payable
4,390.00
9,873.00
Operating expenses (excl. depr.)
13,977
18,172
Retained earnings
28,128.00
30,099.00
Sales
35,119
47,770.00
Taxes
2,084
2,775
What is the firm's cash flow from investing?...
I have a question about Case.
Here is the Case:
Hart insurance is a regulated insurance...
I have a question about Case.
Here is the Case:
Hart insurance is a regulated insurance company. During the 4th
quarter of 2016, the company declared a dividend that was paid to
shareholders at year end.
Also, in the fourth quarter the company had to record a significant
insurance loss assoicated with insurance coverage in an area hit by
a major hurricane.
As a result the company of the imparment and the dividend, the
company had a retained deficit. However,...
If anyone could please answer this using the Indirect Method of
Cash Flows. I really just...
If anyone could please answer this using the Indirect Method of
Cash Flows. I really just need a better understanding of it so if
you could show why you put a certain number it would be great.
Thank You!
Changes in account balances for Dumpster Fire, Inc. during 2016
were as follows:
Decrease in Accounts Payable 15,000
Increase in Accounts Receivable 22,000
Decrease in Accumulated Depreciation 7,000
Increase in Common Stock 75,000
Decrease in Copyright 12,000
Increase in Dividends Payable...
Statement of Cash Flows (Indirect method)
Particulars
Amount
Cash Flow from operating activities:
Net Income for...
Statement of Cash Flows (Indirect method)
Particulars
Amount
Cash Flow from operating activities:
Net Income for 2019
$58,850
Adjustments:
Gain on sale of land
($8,000)
Gain on sale of long term investment
($4,000)
Depreciation
$35,500
Amortization expense
$5,000
Increase in accounts receivable
($4,550)
Increase in Dividend receivable
($1,000)
Increase in Inventories
($7,000)
Decrease in Prepaid rent
$9,000
Increase in Prepaid Insurance
($1,200)
Increase in Office Supplies
($250)
Decrease in Accounts payable
($4,000)
Increase in Income tax payable
$1,000
Increase in...