Make a pro-forma balance sheet using the income statement

Assignment Help Accounting Basics
Reference no: EM131572632

Problem - Make a pro-forma balance sheet using the pro-forma income statement for the year 2018. For a startup company:

  • Capital is $125,000
  • Accounts receivable is $0
  • Accounts payable is 25% of Inventory.

Attachment:- Income Statements.rar

Reference no: EM131572632

Questions Cloud

Understand a specific concept : Explain why you chose your website, video or example/concept, include specifically how it helped you understand a specific concept.
Annual demand for number : Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother's hardware store.
What disease did tea cake suffer from before he died : What disease did Tea Cake suffer from before he died? What town does Tea Cake and Janie Crawford move to get married and work at the muck?
Expressions for the electric and magnetic field intensities : Derive expressions for the electric and magnetic field intensities in terms of components of A, that are TEM to the z-direction (TEMz)
Make a pro-forma balance sheet using the income statement : Problem - Make a pro-forma balance sheet using the pro-forma income statement for the year 2018
Confidence interval for the population average weight : Construct a 90% confidence interval for the population average weight of the candies.
Solving a diophantine equation : Find all nonnegative integer values for x and y that satisfy the equation 740x + 1295y = 18,500, and determine the possible computer purchases.
Find all nonnegative integer values : Use the technique illustrated in Example to find one particular solution and the formulas for the general solutions for the Diophantine.
Interest rates rise during economic expansions : Evidence shows that interest rates are procyclical (interest rates rise during economic expansions, and fall during economic contractions).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Kirby airlines is a small airline that occasionally carries

kirby airlines is a small airline that occasionally carries overload shipments for the overnight delivery company

  What will be the value of the investment

Larry James is planning to invest $25,500 today in a mutual fund that will provide a return of 0.08 each year. What will be the value of the investment

  Rachel ashley and jacob are partners they share profits and

rachel ashley and jacob are partners. they share profits and losses equally. after the books are closed their capital

  Explain how an inverse-floating-rate municipal bond

Explain how an inverse-floating-rate municipal bond can be created and who determines the leverage of an inverse floater?

  A company has the budget for manufacturing overhead based

a company has the budget for manufacturing overhead based on direct labor hours. budgeting at 10000 direct labor hours

  When the quantity of materials purchased is not equal to

when the quantity of materials purchased is not equal to the quantity of material used most companies base the

  Calculate the current capital charge

Calculate the current capital charge, based on existing market value of the firm's debt and equity. Calculate the current Net Operating Profit After-taxes, as well as the Return on Invested Capital, comment on these and distinguish them from the me..

  Product a has a sales price of 11 per unit based on a

product a has a sales price of 11 per unit. based on a 9000-unit production level the variable costs are 6 per unit and

  Total costs were 75800 when 30000 units were produced and

total costs were 75800 when 30000 units were produced and 95800 when 40000 units were produced. use the high-low method

  Presented below is selected account information related to

presented below is selected account information related to fryman inc. at year-end. all these accounts have debit

  Create an argument related to mortgage-back securities

Create an argument related to mortgage-back securities that either supports or does not support that the benefits outweigh the costs. Provide support for your argument.

  Determining receipt of the cash and notes

How will Wren Corporation be taxed on the distribution? How will Adam be taxed on his receipt of the cash and notes?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd