The balance sheet and income statement for the A. Thiel Mfg.
Company are as follows:
Balance...
The balance sheet and income statement for the A. Thiel Mfg.
Company are as follows:
Balance Sheet ($000)
Cash
$ 500
Accounts receivable
2,000
Inventories
1,000
Current assets
$3,500
Net fixed assets
4,500
Total assets
$8,000
Accounts payable
$1,100
Accrued expenses
600
Short-term notes payable
300
Current liabilities
$2,000
Long-term debt
2,000
Owners’ equity
4,000
Total liabilities and owners’ equity
$8,000
Income Statement ($000)
Sales (all credit)
$8,000
Cost of goods sold
(3,300)
Gross profit
$4,700
Operating expenses (includes $500...
Diamond Company
Statement of Comprehensive Income
for the year ended December 31, 2019
Sales revenue
Cost...
Diamond Company
Statement of Comprehensive Income
for the year ended December 31, 2019
Sales revenue
Cost of goods sold
Gross profit
$1,294,000
737,000
$557,000
Operating Expenses
Advertising expense
$ 7,900
Depreciation expense
Salaries expense
64,000
169,000
240,900
Profit
$316,100
Diamond Company
Statement of Financial Position
December 31, 2019
Assets
Current Assets
Cash
$ 37,000
Accounts receivable
Inventory
Total current assets
115,000
106,500
$258,500
Non-current Assets
Property, Plant, & Equipment
$565,000
Less: Accumulated depreciation
115,000
450,000
Total Assets
$708,500
Liabilities
Current...
1) Berkshire LLC reported the following income statement and
balance sheet amounts on December 31, 2011....
1) Berkshire LLC reported the following income statement and
balance sheet amounts on December 31, 2011.
2011
2010
Net sales revenue (all credit)
$950,000
Cost of goods sold
630,000
Gross profit
320,000
Selling and general expenses
230,000
Interest expense
20,000
Net income
$70,000
Current assets
$60,000
$55,000
Long-term assets
465,000
445,000
Total assets - 12/31
$525,000
$500,000
Current liabilities
$25,000
$20,000
Long-term liabilities
105,000
205,000
Common stockholders’ equity - 12/31
395,000
275,000
Total liabilities and...
The following are balances from XYZ company financial statements
as of 31/12/2019:
Account
2018
2019
Marketable...
The following are balances from XYZ company financial statements
as of 31/12/2019:
Account
2018
2019
Marketable Securities
$15,000
$18,000
Accounts Receivable
$15,000
$20,000
Inventory
$19,000
$16,000
Gross Fixed Assets
$78,000
$88,000
Accounts Payable
$19,000
$12,000
Net profits after taxes
$16,000
$24,000
Depreciation
-$7,000
-$7,000
Selling Expenses
-$3,000
-$5,000
Dividends
-$5,000
-$5,000
In the statement of cash flows, the amount of cash provided from
operating activities is?
Select one:
a. $22,000
b. $26,000
c. $24,000
d. $29,000
ncome Statement - Cover-to-Cover
Cover-to-Cover Company
Contribution Margin Income Statement
For the Year Ended December 31,...
ncome Statement - Cover-to-Cover
Cover-to-Cover Company
Contribution Margin Income Statement
For the Year Ended December 31, 20Y8
Sales
$404,000
Variable costs:
Manufacturing expense
$242,400
Selling expense
20,200
Administrative expense
60,600
(323,200)
Contribution margin
$80,800
Fixed costs:
Manufacturing expense
$5,000
Selling expense
4,000
Administrative expense
11,200
(20,200)
Operating income
$60,600
Income Statement - Biblio Files
Biblio Files Company
Contribution Margin Income Statement
For the Year Ended December 31, 20Y8
Sales
$404,000
Variable costs:
Manufacturing expense
$161,600
Selling expense
16,160
Administrative expense...
Below are the 2019 income statement and balance sheet of Happy
water, Inc. Assuming the company's...
Below are the 2019 income statement and balance sheet of Happy
water, Inc. Assuming the company's fixed assets are operating at
100% capacity and the company expect 20% growth in sales in 2020.
If the tax rate and payout ratio in 2020 are the same as those in
2019, what is the external financing needs in 2020?
Income Statement 2019
Sales
150
Costs
100
EBIT
50
Interest exp.
10
EBT
40
Tax
8
NI
32
Dividends
16
RE
16
Balance...
Below are the 2019 income statement and balance sheet of Happy
water, Inc. Assuming the company's...
Below are the 2019 income statement and balance sheet of Happy
water, Inc. Assuming the company's fixed assets are operating at
100% capacity and the company expect 20% growth in sales in 2020.
If the tax rate and payout ratio in 2020 are the same as those in
2019, what is the external financing needs in 2020?
Income Statement 2019
Sales
150
Costs
100
EBIT
50
Interest exp.
10
EBT
40
Tax
8
NI
32
Dividends
16
RE
16
Balance...
Income
Statement
&nbs
Income
Statement
Balance Sheet
Sales $20,000,000 Assets:
Cost of Goods Sold 8,000,000 Cash $ 5,000,000
12,000,000 Marketable Securities 12,500,000
Selling and Administrative 1,600,000 Accounts Receivable, net
2,500,000
Depreciation 3,000,000 Inventory 30,000,000
7,400,000 Prepaid Expenses 5,000,000
Interest 2,000,000 Plant & Equipment 30,000,000
5,400,000
Taxes (40%) 2,160,000 Total Assets
85,000,000
3,240,000
Common Stock Div. 600,000 Liabilities and
Equity:
$2,640,000 Accounts Payable $20,000,000
Notes
Payable
5,000,000
Accrued Expenses
5,000,000
Bonds
25,000,000
Common
Stock
5,000,000
Capital in Excess of Par 10,000,000
Retained...