2) Please Prepare a properly formated Profit and Loss Statement, Retained Eamings Statement and Balance Sheet from the following items: (In order for your Balance Sheet to Balance you will have to calculate ending Retained Eamings) Cash 163,000.00 Accumulatod Deprociation 3,400,000.00 Accounts Payable 1,210,000.00 Retained Earnings, Beginning 255,000.00 Salary Expense 450,000.00 Land %2$ %24 Sales Revenue Cost of Goods Sold Selling Expense nventory Advertising Expense Depreciation Expense Accounts Receivable Marketing Expense Equipment Wages Payable 145,000.00 230,000.00 326,000.00 725,000.00 25,000.00 365,000.00 25,000.00 250,000.00 %24 %24 50,000.00 Bank Loan Payable - Current 75,000.00 Prepaid Assets 343,000.00 Common Stock 85,000.00 General and Administrative expense 375,000.00 Dividends 65,000.00 Building %24 %24 24 %24 %24 240,000.00 15,000.00 775,000.00

2) Please Prepare a properly formated Profit and Loss Statement, Retained Eamings Statement and Balance Sheet from the following items: (In order for your Balance Sheet to Balance you will have to calculate ending Retained Eamings) Cash 163,000.00 Accumulatod Deprociation 3,400,000.00 Accounts Payable 1,210,000.00 Retained Earnings, Beginning 255,000.00 Salary Expense 450,000.00 Land %2$ %24 Sales Revenue Cost of Goods Sold Selling Expense nventory Advertising Expense Depreciation Expense Accounts Receivable Marketing Expense Equipment Wages Payable 145,000.00 230,000.00 326,000.00 725,000.00 25,000.00 365,000.00 25,000.00 250,000.00 %24 %24 50,000.00 Bank Loan Payable - Current 75,000.00 Prepaid Assets 343,000.00 Common Stock 85,000.00 General and Administrative expense 375,000.00 Dividends 65,000.00 Building %24 %24 24 %24 %24 240,000.00 15,000.00 775,000.00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bauer Industries is an automobile manufacturer. Management is currently evaluating a proposal to build a plant that will manufacture lightweight trucks. Bauer plans to use a cost of capital of 12.3% to evaluate this project. Based on extensive research, it has prepared the following incremental free cash flow projections (in millions of dollars): 1. a. For this base-case scenario, what is the NPV of the plant to manufacture lightweight trucks? b. Based on input from the marketing department, Bauer is uncertain about its revenue forecast. In particular, management would like to examine the sensitivity of the NPV to the revenue assumptions. What is the NPV of this project if revenues are 10% higher than forecast? What is the NPV if revenues are 10% lower than forecast? c. Rather than assuming that cash flows for this project are constant, management would like to explore the sensitivity of its analysis to possible growth in revenues and operating expenses. Specifically, management would…
Prepare a horizontal analysis of both the balance sheet and income statement. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a horizontal analysis of the balance sheet. (Negative answers should be indicated by a minus sign. Round your answers to 1 decimal place. (i.e., .234 should be entered as 23.4).) THORNTON COMPANY Horizontal Analysis of Balance Sheets Year 4 Year 3 % Change Assets Current assets Cash $ 17,200 $ 12,200 % Marketable securities 21,600 6,800 Accounts receivable (net) 55,800 46,600 Inventories 135,100 143,000 Prepaid items 26,700 11,700 Total current assets 256,400 220,300 Investments 27,700 21,700 Plant (net) 271,900 256,700 Land 30,600 25,800 Total long-term assets 330,200 304,200 Total assets $ 586,600 $ 524,500 Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable $ 15,300 $ 4,900 Accounts payable 112,900 98,300 Salaries payable 20,900 13,300 Total current liabilities…
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Please create a balance sheet
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3. II 1. Show the impact (with amounts) of each of the following items on the horizontal C. equation. For the asset section, name the specific accounts impacted. i. Record Sales during the year on account of $205,000. ii. Show the impact of $190,000 cash collected during the year. ii. Establish an Allowance for Uncollectible Accounts at year-end. Study guide - Chapter 5 (with solutions).docx iv. In the following year, an account worth $6,000 is determined to be uncollectible, what is the entry? V. A receivable for $3,500 that was previously written off is collected. What is the 2 step entry? Cash + Stockholders' Equity Assets = Liabilities Revenues Expenses Net Income Flow 2. Te