Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
8th Edition
ISBN: 9781337125468
Author: Brechner
Publisher: Cengage
expand_more
expand_more
format_list_bulleted
Concept explainers
Videos
Textbook Question
Chapter 15, Problem 6AT
a. Use the following financial information to prepare a balance sheet with vertical analysis as of October 31, 2014, for Sticks & Stones Builders Mart: cash. $45,260; accounts receivable. $267,580; merchandise inventory. $213,200; prepaid expenses. $13,400; supplies, $5,300; land. $87,600; building. $237,200; equipment, $85,630; vehicles. $54,700; computers. $31,100; investments, $53,100; accounts payable. $43,200; salaries payable. $16,500; notes payable (6-month), $102,400; mortgage payable. $124,300; notes payable (3-year), $200,000; common stock. $422,000; and retained earnings. $185,670.
Sticks & Stones Builders Mart
Balance Sheet
As of October 31,2014
b. The following financial information is for Sticks & Stones Builders Mart as of October 31,2015. Prepare a comparative balance sheet with horizontal analysis for 2014 and 2015: cash. $47,870; accounts receivable. $251,400; merchandise inventory. $223,290; prepaid expenses, $8,500; supplies. $6,430; land. $87,600; building. $234,500; equipment, $88,960; vehicles. $68,800; computers. $33,270; investments, $55,640; accounts payable. $48,700; salaries payable. $9,780; notes payable (6-month). $96,700; mortgage payable. $121,540; notes payable (3-year). $190,000; common stock. $450,000; and retained earnings. $189,540.
Sticks & Stones Builders Mart
Comparative Balance Sheet
As of October 31, 2014 and 2015
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Suppose an oil spill covers a circular area and the radius, r, increases according to the graph shown below where t
represents the number of minutes since the spill was first observed.
Radius (feet)
80
70
60
50
40
30
20
10
0
r
0 10 20 30 40 50 60 70 80 90
Time (minutes)
(a) How large is the circular area of the spill 30 minutes after it was first observed? Give your answer in terms of π.
square feet
(b) If the cost to clean the oil spill is proportional to the square of the diameter of the spill, express the cost, C, as a
function of the radius of the spill, r. Use a lower case k as the proportionality constant.
C(r) =
(c) Which of the following expressions could be used to represent the amount of time it took for the radius of the spill to
increase from 20 feet to 60 feet?
r(60) - r(20)
Or¹(80-30)
r(80) - r(30)
r-1(80) - r−1(30)
r-1(60) - r¹(20)
6. Graph the function f(x)=log3x. Label three points on the graph (one should be the intercept) with
corresponding ordered pairs and label the asymptote with its equation. Write the domain and range of the function
in interval notation. Make your graph big enough to see all important features.
Find the average value gave of the function g on the given interval.
gave =
g(x) = 8√√x, [8,64]
Need Help?
Read It
Watch It
Chapter 15 Solutions
Contemporary Mathematics for Business & Consumers - With LMS CengageNOW
Ch. 15.I - Use the following financial information to prepare...Ch. 15.I - Prob. 2TIECh. 15.I - Prob. 3TIECh. 15.I - Prob. 1RECh. 15.I - Prob. 2RECh. 15.I - Prob. 3RECh. 15.I - Prob. 4RECh. 15.I - Prob. 5RECh. 15.I - Prob. 6RECh. 15.I - Calculate the following values according to the...
Ch. 15.I - Prob. 8RECh. 15.I - Calculate the missing balance sheet items for...Ch. 15.I - Prob. 10RECh. 15.I - Prob. 11RECh. 15.I - Prob. 12RECh. 15.I - Prob. 13RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 16RECh. 15.I - Prob. 17RECh. 15.I - Prob. 18RECh. 15.I - Prob. 19RECh. 15.I - Prob. 20RECh. 15.I - Prob. 21RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 23RECh. 15.I - Prob. 24RECh. 15.I - Prob. 25RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 27RECh. 15.I - Prob. 28RECh. 15.I - Prob. 29RECh. 15.I - Prob. 30RECh. 15.I - Prob. 31RECh. 15.I - Prob. 32RECh. 15.I - Prob. 33RECh. 15.I - Prepare the following statements on separate...Ch. 15.I - a. Use the following financial information to...Ch. 15.II - Prob. 4TIECh. 15.II - Prob. 5TIECh. 15.II - Prob. 6TIECh. 15.II - Prob. 1RECh. 15.II - Prob. 2RECh. 15.II - Prob. 3RECh. 15.II - Prob. 4RECh. 15.II - Calculate the missing information based on the...Ch. 15.II - Prob. 6RECh. 15.II - Prob. 7RECh. 15.II - Prob. 8RECh. 15.II - Prob. 9RECh. 15.II - Prob. 10RECh. 15.II - Prob. 11RECh. 15.II - 12. For the third quarter. Micro Tech had gross...Ch. 15.II - For August, Island Traders, Inc. had the following...Ch. 15.II - Prepare the following statements on separate...Ch. 15.II - Prepare the following statements on separate...Ch. 15.III - Use the balance sheet and income statement on...Ch. 15.III - Prob. 8TIECh. 15.III - Prob. 1RECh. 15.III - Prob. 2RECh. 15.III - Prob. 3RECh. 15.III - Prob. 4RECh. 15.III - Prob. 5RECh. 15.III - Prob. 6RECh. 15.III - Prob. 7RECh. 15.III - Prob. 8RECh. 15.III - Prob. 9RECh. 15.III - Prob. 10RECh. 15.III - Prob. 11RECh. 15.III - Prob. 12RECh. 15.III - Prob. 13RECh. 15.III - Prob. 14RECh. 15.III - Calculate the average inventory and inventory...Ch. 15.III - Prob. 16RECh. 15.III - Prob. 17RECh. 15.III - Prob. 18RECh. 15.III - Prob. 19RECh. 15.III - Prob. 20RECh. 15.III - Prob. 21RECh. 15.III - Prob. 22RECh. 15.III - Prob. 23RECh. 15.III - Prob. 24RECh. 15.III - Calculate the gross and net profits and the two...Ch. 15.III - Prob. 26RECh. 15.III - Prob. 27RECh. 15.III - Prob. 28RECh. 15.III - Prob. 29RECh. 15.III - Prob. 30RECh. 15.III - Prob. 31RECh. 15.III - Prob. 32RECh. 15.III - Prob. 33RECh. 15 - 1. In accounting, economic resources owned by a...Ch. 15 - 2. The financial statement that illustrates the...Ch. 15 - 3. The balance sheet is a visual presentation of...Ch. 15 - Prob. 4CRCh. 15 - 5. A financial statement prepared with the data...Ch. 15 - Prob. 6CRCh. 15 - Prob. 7CRCh. 15 - Prob. 8CRCh. 15 - Prob. 9CRCh. 15 - Prob. 10CRCh. 15 - Prob. 11CRCh. 15 - Prob. 12CRCh. 15 - Prob. 13CRCh. 15 - Prob. 14CRCh. 15 - Prob. 1ATCh. 15 - Prob. 2ATCh. 15 - Prob. 3ATCh. 15 - Prob. 4ATCh. 15 - a. Use the following financial information to...Ch. 15 - a. Use the following financial information to...Ch. 15 - For the second quarter. Evergreen Plant Nursery...Ch. 15 - 8. For the month of January. Consolidated Engine...Ch. 15 - Prob. 9ATCh. 15 - a. Use the following financial information to...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - Prob. 22ATCh. 15 - Prob. 23ATCh. 15 - 24. From the following consolidated statements of...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- 3. Mary needs to choose between two investments: One pays 5% compounded annually, and the other pays 4.9% compounded monthly. If she plans to invest $22,000 for 3 years, which investment should she choose? How much extra interest will she earn by making the better choice? For all word problems, your solution must be presented in a sentence in the context of the problem.arrow_forward4 πT14 Sin (X) 3 Sin(2x) e dx 1716 S (sinx + cosx) dxarrow_forwardLet g(x) = f(t) dt, where f is the function whose graph is shown. 3 y f(t) MA t (a) At what values of x do the local maximum and minimum values of g occur? Xmin = Xmin = Xmax = Xmax = (smaller x-value) (larger x-value) (smaller x-value) (larger x-value) (b) Where does g attain its absolute maximum value? x = (c) On what interval is g concave downward? (Enter your answer using interval notation.)arrow_forward
- 2. Graph the function f(x)=e* −1. Label three points on the graph (one should be the intercept) with corresponding ordered pairs (round to one decimal place) and label the asymptote with its equation. Write the domain and range of the function in interval notation. Make your graph big enough to see all important features. You may show the final graph only.arrow_forwardansewer both questions in a very detailed manner . thanks!arrow_forwardQuestion Considering the definition of f(x) below, find lim f(x). Select the correct answer below: -56 -44 ○ -35 ○ The limit does not exist. x+6 -2x² + 3x 2 if x-4 f(x) = -x2 -x-2 if -4x6 -x²+1 if x > 6arrow_forward
- Let g(x) = f(t) dt, where f is the function whose graph is shown. y 5 f 20 30 t (a) Evaluate g(x) for x = 0, 5, 10, 15, 20, 25, and 30. g(0) = g(5) = g(10) = g(15) =| g(20) = g(25) = g(30) = (b) Estimate g(35). (Use the midpoint to get the most precise estimate.) g(35) = (c) Where does g have a maximum and a minimum value? minimum x= maximum x=arrow_forwardQuestion Determine lim f(x) given the definition of f(x) below. (If the limit does not exist, enter DNE.) x+6+ -2x²+3x-2 f(x) -2x-1 if x-5 if -−5≤ x ≤ 6 3 if x 6arrow_forwardQuestion Given the following piecewise function, evaluate lim f(x). (If the limit does not exist, enter DNE.) x-3 Provide your answer below: x² + 3x 3 if x-3 f(x) -3 if -3x -2x²+2x-1 6 if x 6arrow_forward
- Question Given the following piecewise function, evaluate lim f(x). x→2 Select the correct answer below: -73 -24 -9 -12 The limit does not exist. 2x f(x) = -2x²-1 if -2x2 3x+2 if x 2arrow_forwardQuestion Given the following piecewise function, evaluate lim f(x). f(x) = x+1- -2x² - 2x 3x-2 2 x² +3 if x-2 if -2< x <1 if x 1 Select the correct answer below: ○ -4 ○ 1 ○ 4 The limit does not exist.arrow_forwardQuestion Given the following piecewise function, evaluate lim →1− f(x). Select the correct answer below: ○ 1 ○ 4 -4 The limit does not exist. -2x² - 2x x 1arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSON
Discrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Use of ALGEBRA in REAL LIFE; Author: Fast and Easy Maths !;https://www.youtube.com/watch?v=9_PbWFpvkDc;License: Standard YouTube License, CC-BY
Compound Interest Formula Explained, Investment, Monthly & Continuously, Word Problems, Algebra; Author: The Organic Chemistry Tutor;https://www.youtube.com/watch?v=P182Abv3fOk;License: Standard YouTube License, CC-BY
Applications of Algebra (Digit, Age, Work, Clock, Mixture and Rate Problems); Author: EngineerProf PH;https://www.youtube.com/watch?v=Y8aJ_wYCS2g;License: Standard YouTube License, CC-BY