?

Contributed capital 2,905

Cost of sales 21,966

Cash 1,608

Long-term liabilities 18,861

Accounts receivable 4,341

Other current assets 2,043

Other long-term assets 1,410

Other current liabilities 5,819

Other operating expenses 5,313

Other nonoperating expenses 792

Inventory 1,924

Accounts payable 2,585

Property, net 4,066

Retained earnings (11,893(

Sales to general motors 9,344

Sales to other customers 13,393

Tax expense (benefit) 130

Other equity (2,885)

Here is what I came up with:

Sales 22,737

Cost of sales 21,966

Gross profit 771

Operating expenses

Other operating expenses 5,313

Total operating expenses 5,313

Other nonoperating expenses 792

Operating income before taxes (5,334)

Tax expense (benefit) 130

Net income (5,204)

However, I don't think this is correct..any help would be greatly appreciated. Thank you

My T-zone can get oily, so I'm looking for a good powder. I use to use Clinique, but it'd only make my face more oily during the day

Sales (all on credit) Cr. 800,000

Sales returns and allowances Dr. 40,000

Accounts receivable Dr. 100,000

Allowance for doubtful accounts Dr. 2,000

-Prepare the journal entry for estimated bad debts assuming that doubtful accounts are estimated to be 5% of gross accounts receivable

-Prepare the journal entry for estimated bad debts assuming that doubtful accounts are estimated to be 2% of net sales

Thank you!

The following information was provided by the treasurer of Linime, Inc., for the year 2012:

a.Cash sales for the year were $50,000; sales on account totaled $60,000.

b.Cost of goods sold was 50% of total sales.

c.All inventory is purchased on account.

d.Depreciation on equipment was $31,000 for the year.

e.Amortization of goodwill was $2,000.

f.Collections of accounts receivable were $38,000.

g.Payments on accounts payable for inventory equaled $39,000.

h.Rent expense paid in cash was $11,000.

i.The company issued 20,000 shares of $10-par stock for $250,000.

j.Land valued at $106,000 was acquired by issuance of a bond with a par value of $100,000.

k.Equipment was purchased for cash at a cost of $84,000.

l.Dividends of $46,000 were declared but not yet paid.

m.The company paid $15,000 of dividends that had been declared the previous year.

n.A machine used on the assembly line was sold for $12,000. The machine had a book value of $7,000.

o.Another machine with a book value of $500 was scrapped and was reported as an ordinary loss. No cash was received on this transaction.

p.The cash account increased $191,000 during the year to a total of $274,000.

1.Compute the beginning balance in the cash account.

2.How much cash was provided by (or used in) operating activities?

3.How much cash was provided by (or used in) financing activities?

Any help would be great, thank you

1.Anderson Company purchased $10,100 of its own common stock to be held in the treasury.

2.Anderson paid cash dividends of $4,020 to its stockholders.

3.Anderson repaid $37,000 of long-term debt.

I did -10,100 - 4,020 - 37,000 = -51120

Is this correct? Thank you!

Cmyk Company had an Accounts Receivable balance of $103,000 and an Allowance for Bad Debts balance of $2,700 (credit) at the end of the year (before any adjusting entry). Credit sales for the year totaled $910,000. The accountant determined that 9% of the ending accounts receivable will ultimately be uncollectible

Salaries earned by employees in 2012 $ 61,000

Salaries paid in 2012 53,000

Total sales revenue in 2012 920,000

Cash collected from sales in 2012 952,000

Utilities expense incurred in 2012 7,500

Utility bills paid in 2012 6,300

Cost of goods sold in 2012 602,000

Cash paid on purchases in 2012 613,000

Inventory at December 31, 2012 416,000

Tax assessment for 2012 6,210

Taxes paid in 2012 5,930

Rent expense for 2012 36,000

Rent paid in 2012 41,000

You want to buy a new sports coupe for $83,500, and the finance office at the dealership has quoted you a 6.5 percent APR loan for 60 months to buy the car.

What will your monthly payments be?

Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $6 million. The machinery can be sold to the Romulans today for $5.3 million. Klingon’s current balance sheet shows net fixed assets of $3.2 million, current liabilities of $900,000, and net working capital of $215,000. If all the current assets were liquidated today, the company would receive $1.25 million cash.

What is the book value of Klingon’s total assets today?

Sun: Scorpio

Moon: Leo

Mercury: Virgo

Venus: Virgo

Sun: Libra

Moon: Sagittarius

Mercury: Scorpio

Venus: Libra

Thanks :)

Dec 31, 2011

Total Assets: 220,000

Total Liabilities: 110,000

Capital Stock: ____

Retained earnings: 95,000

Dec 31, 2012

Total assets: 250,000

Total liabilities: 125,000

Capital stock: 55,000

Retained earnings: ____

Revenues: ____

Expenses: 132,000

Dividends paid during 2012: 6500

Thanks in advance

Cost of goods sold $ 16,300

Wages payable $ 650

Interest revenue 1,740

Accounts receivable 1,300

Advertising expense 3,480

Retained earnings 7,660

Cash 1,090

Consulting revenue 3,260

Sales 21,730

sxy = 576

sx = 8

sy = 100

x mean = 36

y mean = 1,800

I used the formula sxy/s^2x and got 9. I wasn't sure if the s^2x meant I needed to square the 8. Is this correct?

Suppose that the bivariative data (x,y) represent the amount of hours per week worked by part-time employees in a small business (x) and the amount of weekly pay check (y) issued to the employee. These records were summarized, and the summaries are shown below.

mean hours (x) = 36

standard deviation = 8

mean wages (y) = 1,800

standard deviation = 100

covariance = 576

Here are the questions:

What is the slope and intercept for the equation?

If John worked 40 hours during the week, what is his estimated pay check?

What is the residual for John?

Thank you so much

Rippey Corporation manufactures a single product with the following unit costs for 5,000 units:

Direct materials: 60

Direct labor: 30

Factory overhead (40% variable): 90

Selling expense (60% variable): 30

Administrative expenses (20% variable) 15

Total per unit: 225

Recently, a company approached Rippey Corporation about buying 1,000 units for $225. Currently, the Models are sold to dealers for $412.50. Rippey's capacity is sufficient to produce the extra 1,000 units. No additional selling expenses would be incurred on the special order.

Required:

Should Rippey accept the special order if its goal is to maximize short-run profits?

How much will income be affected if Rippey accepts the special order?

----

I was thinking that Rippey shouldn't go through with the special order because he'd break-even and income wouldn't be affected at all. Is this correct?

Lawson, Inc. produces plastic grocery bags. Lawson has developed a static budget for the month of July based on 8,000 direct labor hours. During the quarter, the actual activity was 9,000 direct labor hours. Data for July are summarized as follows:

Static Actual

(8,000 hours) (9,000 hours)

Direct Materials $96,000 $118,000

Power 40,000 47,000

Salary of plant supervisor 6,000 6,000

Total $142,000 $171,000