The following is the balance sheet for 2016 for Marbell Inc.
Marbell Inc.
Balance Sheet
12/31/2016...
The following is the balance sheet for 2016 for Marbell Inc.
Marbell Inc.
Balance Sheet
12/31/2016
Assets
Liabilities & Shareholders’ Equity
Cash
$15,000
Accounts Payable
$90,000
Accounts
Receivable
90,000
Accrued Expenses
7,500
Inventory
60,000
Notes
Payable
30,000
Current
Assets
165,000
Current Liabilities
127,500
Capital
Assets
60,000
Common
Stock
75,000
Retained Earnings
22,500
Total
Assets
$225,000
Total L &
S.E.
$225,000
Sales for 2016 were $300,000. Sales for 2017 have been...
Skysong Inc. had the following balance sheet at December 31,
2016.
SKYSONG INC.
BALANCE SHEET
DECEMBER...
Skysong Inc. had the following balance sheet at December 31,
2016.
SKYSONG INC.
BALANCE SHEET
DECEMBER 31, 2016
Cash
$7,400
Accounts payable
$15,500
Accounts receivable
13,600
Bonds payable
9,000
Investments
15,300
Common stock
36,700
Plant assets (net)
35,200
Retained earnings
27,200
Land
16,900
$88,400
$88,400
During 2017, the following occurred.
1.
Net income was $29,400.
2.
Depreciation expense was $8,400.
3.
Skysong liquidated its investment portfolio (comprised of
available-for-sale investments), realizing a $5,500 loss.
4.
Skysong issued $20,500 of common...
Waterway Corporation
Balance Sheet
December 31, 2016 and December 31, 2017
2016
Dr.
Cr.
2017
Assets...
Waterway Corporation
Balance Sheet
December 31, 2016 and December 31, 2017
2016
Dr.
Cr.
2017
Assets
Cash
$120,900
$274,350
Accounts Receivable
286,750
279,000
Inventory
185,000
185,000
Investments
114,700
80,600
Equipment
372,000
461,900
Accummulated Depreciation
(137,950)
(164,300)
Total
$941,400
$1,116,550
Liabilities and Stockholders' Equity
Accounts Payable
$234,050
$207,700
Bonds Payable
185,000
130,000
Common Stock
248,000
303,000
Retained Earnings
274,350
475,850
Total
$941,400
-
-
$1,116,550
Additional Information:
1. Net income for 2017
$248,000
2. Investments were sold at a loss of...
The 2016 balance sheets and the 2017 forecasted (pro-farma) balance
sheet for McMurphy and Associates ,...
The 2016 balance sheets and the 2017 forecasted (pro-farma) balance
sheet for McMurphy and Associates , Inc. appears below. All figures
are in millions of U.S. dollar. The firm plans to pay common
dividends of $100 million in 2017.
Which of the following actions would NOT contribute to the
balancing of the 2017 forecasted balance sheet?
Assets
2016
Input
Basis for 2017 Forecast
2017
Cash
$20
1%
× 2017 Sales
$22
Accts. rec.
$280
14%
× 2017 Sales
$308
Inventories...
Following are selected balance sheet accounts of Carla Bros.
Corp. at December 31, 2017 and 2016,...
Following are selected balance sheet accounts of Carla Bros.
Corp. at December 31, 2017 and 2016, and the increases or decreases
in each account from 2016 to 2017. Also presented is selected
income statement information for the year ended December 31, 2017,
and additional information.
Selected balance sheet accounts
Assets
2017
2016
Increase (Decrease)
Accounts receivable
$33,700
$24,000
$9,700
Property, plant, and equipment
276,400
249,500
26,900
Accumulated depreciation—plant assets
(178,400)
(167,300)
(11,100)
Liabilities and stockholders’ equity
2017
2016
Increase...
The following are Marin Corp.’s comparative balance sheet
accounts at December 31, 2017 and 2016, with...
The following are Marin Corp.’s comparative balance sheet
accounts at December 31, 2017 and 2016, with a column showing the
increase (decrease) from 2016 to 2017.
COMPARATIVE BALANCE SHEETS
2017
2016
Increase
(Decrease)
Cash
$813,400
$705,900
$107,500
Accounts receivable
1,123,400
1,156,600
(33,200
)
Inventory
1,863,500
1,731,800
131,700
Property, plant, and equipment
3,302,300
2,988,100
314,200
Accumulated depreciation
(1,162,900
)
(1,033,700
)
(129,200
)
Investment in Myers Co.
307,100
276,600
30,500
Loan receivable
252,200
—
252,200
Total assets
$6,499,000
$5,825,300
$673,700
Accounts...
A company has the following income statement and balance
sheet:
INCOME STATEMENT
Sales $1,000
Costs 600...
A company has the following income statement and balance
sheet:
INCOME STATEMENT
Sales $1,000
Costs 600
Depreciation 240
EBIT $ 160
Interest expenses 60
EBT $ 100
Taxes (40%) 40
Net income $ 60
BALANCE SHEET
Cash $ 20
Accounts payable $ 30 Short-term investments 30 Accruals 50
Accounts receivable 20 Notes payable 10 Inventory 60 Current
liabilities 90 Current assets 130 Long-term debt 70 Gross fixed
assets 140 Common stock 30 Accumulated deprec. 40 Retained earnings
40 Net fixed...
A comparative balance sheet for Grouper Corporation is presented
below.
December 31
Assets
2017
2016
Cash...
A comparative balance sheet for Grouper Corporation is presented
below.
December 31
Assets
2017
2016
Cash
$ 72,850
$ 22,000
Accounts receivable
84,910
69,060
Inventory
182,910
192,060
Land
73,910
113,060
Equipment
262,910
203,060
Accumulated
Depreciation-Equipment
(71,910
)
(45,060
)
Total
$605,580
$554,180
Liabilities and
Stockholders' Equity
Accounts payable
$ 36,910
$ 50,060
Bonds payable
150,000
200,000
Common stock ($1 par)
214,000
164,000
Retained earnings
204,670
140,120
Total
$605,580
$554,180
Additional information:
1.
Net income for 2017 was
$130,820. No gains...
A comparative balance sheet for Coronado Corporation is
presented below.
December 31
Assets
2017
2016
Cash...
A comparative balance sheet for Coronado Corporation is
presented below.
December 31
Assets
2017
2016
Cash
$ 72,880
$ 22,000
Accounts receivable
84,590
68,710
Inventory
182,590
191,710
Land
73,590
112,710
Equipment
262,590
202,710
Accumulated Depreciation-Equipment
(71,590
)
(44,710
)
Total
$604,650
$553,130
Liabilities and Stockholders' Equity
Accounts payable
$ 36,590
$ 49,710
Bonds payable
150,000
200,000
Common stock ($1 par)
214,000
164,000
Retained earnings
204,060
139,420
Total
$604,650
$553,130
Additional information:
1.
Net income for 2017 was $130,180. No gains...
Balance Sheet Calculations
Fermer Company's balance sheet information at the end of 2016
and 2017 is...
Balance Sheet Calculations
Fermer Company's balance sheet information at the end of 2016
and 2017 is as follows:
2016
2017
Total shareholders' equity
$ (a)
$100,700
Accumulated other comprehensive income
4,800
5,000
Current liabilities
(b)
9,800
Intangible assets
12,600
12,000
Property, plant, and equipment (net)
(c)
87,500
Current assets
21,000
(h)
Total contributed capital
51,000
(i)
Long-term liabilities
(d)
30,200
Retained earnings
42,900
(j)
Total assets
(e)
(k)
Common stock, $10 par
(f)
(l)
Working capital
9,900
10,200
Additional paid-in...