Please answer complete question otherwise skip it please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image) The Sharjah Corporation reported the following balance sheet data for 2020 and 2019: 2020 2019 Cash $ 77,375 $ 22,955 Available-for-sale securities (not cash equivalents) 15,500 85,000 Accounts receivable 80,000 68,250 Inventory 165,000 145,000 Prepaid insurance 1,500 2,000 Land, buildings, and equipment 1,250,000 1,125,000 Accumulated depreciation (610,000) (572,000) Total assets $ 979,375 $ 876,205 Accounts payable $ 76,340 $ 148,670 Salaries payable 20,000 24,500 Notes payable (current) 25,000 75,000 Bonds payable 200,000 0 Common stock 300,000 300,000 Retained earnings 358,035 328,035 Total liabilities and shareholders' equity $ 979,375 $ 876,205 Additional information for 2020: Sold available-for-sale securities costing $69,500 for $74,000. Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. Issued 6% bonds payable at face value, $200,000. Purchased new equipment for $145,000 cash. Paid cash dividends of $20,000. Net income was $50,000. 4.The net cash provided (used) by operating activities during 2020 Operating activities 5.The net cash provided (used) by investing activities during 2020 Investing activities 6.The net cash provided by financing activities during 2020 7. Compute the free cash balance
Please answer complete question otherwise skip it please answer within the format by providing formula the detailed working Please provide answer in text (Without image) Please provide answer in text (Without image) Please provide answer in text (Without image) The Sharjah Corporation reported the following balance sheet data for 2020 and 2019: 2020 2019 Cash $ 77,375 $ 22,955 Available-for-sale securities (not cash equivalents) 15,500 85,000 Accounts receivable 80,000 68,250 Inventory 165,000 145,000 Prepaid insurance 1,500 2,000 Land, buildings, and equipment 1,250,000 1,125,000 Accumulated depreciation (610,000) (572,000) Total assets $ 979,375 $ 876,205 Accounts payable $ 76,340 $ 148,670 Salaries payable 20,000 24,500 Notes payable (current) 25,000 75,000 Bonds payable 200,000 0 Common stock 300,000 300,000 Retained earnings 358,035 328,035 Total liabilities and shareholders' equity $ 979,375 $ 876,205 Additional information for 2020: Sold available-for-sale securities costing $69,500 for $74,000. Equipment costing $20,000 with a book value of $5,000 was sold for $6,000. Issued 6% bonds payable at face value, $200,000. Purchased new equipment for $145,000 cash. Paid cash dividends of $20,000. Net income was $50,000. 4.The net cash provided (used) by operating activities during 2020 Operating activities 5.The net cash provided (used) by investing activities during 2020 Investing activities 6.The net cash provided by financing activities during 2020 7. Compute the free cash balance
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please answer complete question otherwise skip it
please answer within the format by providing formula the detailed working
Please provide answer in text (Without image)
Please provide answer in text (Without image)
Please provide answer in text (Without image)
The Sharjah Corporation reported the following
| 2020 | 2019 | |||
| Cash | $ 77,375 | $ 22,955 | ||
| Available-for-sale securities | ||||
| (not cash equivalents) | 15,500 | 85,000 | ||
| Accounts receivable | 80,000 | 68,250 | ||
| Inventory | 165,000 | 145,000 | ||
| Prepaid insurance | 1,500 | 2,000 | ||
| Land, buildings, and equipment | 1,250,000 | 1,125,000 | ||
| Accumulated |
(610,000) | (572,000) | ||
| Total assets | $ 979,375 | $ 876,205 | ||
| Accounts payable | $ 76,340 | $ 148,670 | ||
| Salaries payable | 20,000 | 24,500 | ||
| Notes payable (current) | 25,000 | 75,000 | ||
| Bonds payable | 200,000 | 0 | ||
| Common stock | 300,000 | 300,000 | ||
| 358,035 | 328,035 | |||
| Total liabilities and shareholders' equity | $ 979,375 | $ 876,205 |
Additional information for 2020:
- Sold available-for-sale securities costing $69,500 for $74,000.
- Equipment costing $20,000 with a book value of $5,000 was sold for $6,000.
- Issued 6% bonds payable at face value, $200,000.
- Purchased new equipment for $145,000 cash.
- Paid cash dividends of $20,000.
- Net income was $50,000.
4.The net cash provided (used) by operating activities during 2020
Operating activities
5.The net cash provided (used) by investing activities during 2020
Investing activities
6.The net cash provided by financing activities during 2020
7. Compute the free cash balance
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