## Answers

Calculation | Sequence | Calculation | Sequence | ||||

Income Statement | 2019 | 2018 | |||||

Revenues | $13,960 | (11,110+1260+1590) | 3rd | $16,275 | |||

Cost of goods sold | $11,110 | $13,175 | (16,275-1,220-1,880) | 2nd | |||

Other expenses | $1,260 | $1,220 | |||||

Income before income taxes | $1,590 | $1,880 | |||||

Income Tax(35%) | $557 | (1,590*35%) | 1st | $658 | |||

Net income | $1,033 | 2nd | $1,222 | (1880-658) | 1st | ||

Statement of Retained Earnings | |||||||

Beginning balance | $3,782 | from 2018 data | 4th | $2,660 | |||

Net Income | $1,033 | from income statement | 5th | $1,222 | from income statement | 3rd | |

Dividends | -$90 | -$100 | |||||

Ending balance | $4,725 | 6th | $3,782 | 4th | |||

Balance sheet | |||||||

Assets | |||||||

Cash | $1,100 | from cash flow statemetnt | 12th | $1,310 | (14,407-1,406-11,691) | 5th | |

Property, plant and equipment | $1,477 | $1,406 | |||||

Other assets | $11,883 | (14460-1100-1477) | 14th | $11,691 | |||

Total assets | $14,460 | liabilities and equity total | 13th | $14,407 | |||

Liabilities | |||||||

Current liabilities | $3,645 | (9250-4600-1005) | 7th | $5,650 | |||

Long term debt | $4,600 | $3,390 | |||||

Other liabilities | $1,005 | $1,150 | |||||

Total liabilities | $9,250 | $10,190 | 6th | ||||

Stockholders' equity | |||||||

Common stock | $275 | $275 | |||||

Retained earnigs | $4,725 | From statement of R.E. | 8th | $3,782 | (4217-275-160) | 7th | |

Other stockholders' equity | $210 | $160 | |||||

Total stockholders' equity | $5,210 | 9th | $4,217 | ||||

Total liabilities and Stockholders' equity | $14,460 | $14,407 | |||||

Cash flow Statement | |||||||

Net cash provided by Operating Activities | $580 | (540+250-210) | 10th | $1,025 | |||

Net Cash used in Investing Activities | -$250 | -$475 | |||||

Net Cash used in financing Activities | -$540 | -$460 | |||||

Increase/(decrease) in cash | -$210 | $90 | |||||

Cash at begin. Of year | $1,310 | $1,220 | |||||

cash at end of year | $1,100 | 11th | $1,310 |

Notes:

*Please follow the sequence of calculation for better understanding of the calculations.

If you have any doubts please let me know in the comment section. Please give your valuable feedback.

.#### Similar Solved Questions

1 answer

##### Question 12 (10 points) Given the following standard reduction potentials, calculate Eºcell for the following reactions...

Question 12 (10 points) Given the following standard reduction potentials, calculate Eºcell for the following reactions as written. Comment on the spontaneity of the reaction. El (Volts) +1.84 +1.36 +1.07 +0.45 +0.34 0.0 -0.14 -0.44 -0.76 Half-cell reaction CO3+ (aq) + el Co2+ (aq) Cl2 (9) + 2 ...

1 answer

##### Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below Standard Quantity or Standard Price Standard Hours or Rate Cost Direct materials Direct labor 6.80 pounds $ 3.00 per pound $20.40 0.40 hours 13.00...

1 answer

##### What is the pH of a 0.28 M solution of sodium propionate, NaC3H5O2, at 25°C? (propionic...

What is the pH of a 0.28 M solution of sodium propionate, NaC3H5O2, at 25°C? (propionic acid, HC3H502, is monoprotic and has a Ka = 1.3 x 10-5 at 25°C.. Kw = 1.01 x 10-14)...

1 answer

##### Mr. Curtis paid $48.51 for 12.6 gallons of gas. What is the price of one gallon of gas?

Mr. Curtis paid $48.51 for 12.6 gallons of gas. What is the price of one gallon of gas?...

1 answer

##### 4. Answer the following questions about periodic trends. a) Which element is larger, As or Mc?...

4. Answer the following questions about periodic trends. a) Which element is larger, As or Mc? Explain (do not just state a trend) b) Which element has the lower first ionization energy, Ca or Br? Explain (do not just state a trend). c) Explain the relationship between atomic size (radius) and ioniz...

1 answer

##### The Hubble Space Telescope has a diameter of 2.4 m. 1) What is the angular limit...

The Hubble Space Telescope has a diameter of 2.4 m. 1) What is the angular limit of resolution due to diffraction when a wavelength of 990 nm is viewed? (Express your answer to two significant figures.)...

1 answer

##### (1 point) The equation 3ry2r 2y2 (*) can be written in the form y f(y/x), ie.,...

(1 point) The equation 3ry2r 2y2 (*) can be written in the form y f(y/x), ie., it is homogeneous, so we can use the substitution u = y/x to obtain a separable equation with dependent variable uu(x. Introducing this substitution and using the fact that y' ru' u we can write () as y xu'w =...

1 answer

##### Find the value of -za/2 that corresponds to a level of confidence of 91.28 percent. 1)...

Find the value of -za/2 that corresponds to a level of confidence of 91.28 percent. 1) -1.71 2) 1.71 3) 0.0436 4) -1.36 Question 12 (6 points) Saved Find the z-score corresponding to the given value and use the z-score to determine whether the value is unusual. Consider a score to be unusual if its ...

1 answer

##### Arrange the following financial planning functions into the logical order in which these functions are performed...

Arrange the following financial planning functions into the logical order in which these functions are performed by a professional financial planner. (1) Interview clients, identify preliminary goals (2) Monitor financial plans (3) Prepare financial plan (4) Implement financial strategies, plans, an...

1 answer

##### Based on this information it has been determined that Utilities Expense is a mixed cost and...

Based on this information it has been determined that Utilities Expense is a mixed cost and rent expense is a fixed cost while direct materials is variable cost. Explain in narrative form why this is true and be sure to provide definitions of what exactly mixed, fixed and variable costs are.Also, in...

1 answer

##### Oue element and does not truly belong to a A) Nitrogen B) Radium Hydrogen D) Uranium...

oue element and does not truly belong to a A) Nitrogen B) Radium Hydrogen D) Uranium E) Helium 12. is isoelectronic with argon, and counts) is isoelectronic with neon. (Show all the electron 4 P3, N3 B) P2-, N2- C) P3+, N3+ D) N3-, P3- E) P, N...

1 answer

##### A projectile is shot at an angle of #pi/12 # and a velocity of #45 m/s#. How far away will the projectile land?

A projectile is shot at an angle of #pi/12 # and a velocity of #45 m/s#. How far away will the projectile land?...

1 answer

##### Ultimate Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and inline skates. The company...

Ultimate Sports Company makes snowboards, downhill skis, cross-country skis, skateboards, surfboards, and inline skates. The company has found it beneficial to split operations into two divisions based on the climate required for the sport: Snow Sports and Non-snow Sports. The following divisional i...

1 answer

##### In 2000, the population of Isreal was approximeatly 6.04 million and the population of the Palestinians in the West Bank, Gaza Atrip, and East Jerusalem was approximately 3.2 million in 2050 Israel is projected to grow to 10 million and the population of

In 2000, the population of Isreal was approximeatly 6.04 million and the population of the Palestinians in the West Bank, Gaza Atrip, and East Jerusalem was approximately 3.2 million in 2050 Israel is projected to grow to 10 million and the population of Palestinians to 12 million. Use the exponenti...

1 answer

##### 1 points HRW9 28 P002 My Notes O Ask Your Teachen A particle of mass 10...

1 points HRW9 28 P002 My Notes O Ask Your Teachen A particle of mass 10 g and charge 65 pC moves through a uniform magnetic field, in a region where the free-fall acceleration is -9.8j m/s2. The velocity of the particle is a constant 21i km/s which is perpendicular to the magnetic field. What, then,...

1 answer

##### Find each measure of the circle A Find each measure. 26. MLAPD 28. mABD / 1600B...

find each measure of the circle A Find each measure. 26. MLAPD 28. mABD / 1600B 27. mAC 29. mZCPA L...