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Below are line items included in recent statements of cash flows prepared by a national retailer. For some items, the direction of the change in the account is also indicated.1. Accounts payable, increase.2. Accounts receivable, decrease.3. Accrued expenses payable, decrease.4. Capital expenditures.5. Deferred income tax liability (long term), increase.6. Depreciation and amortization expense.7. Dividend payouts.8. Income taxes payable decrease.9. Issuance of common stock.10. Issuance of long-term debt.11. Issuance of short-term debt.12. Merchandise inventories, decrease.13. Other current assets, increase.14. Proceeds from disposals of property and equipment.15. Purchase common stock in other companies.16. Purchase of treasury stock.17. Repayment of long-term debt.
Required:
For each item, indicate in which section of the statement of cash flows it would appear, assuming the operating portion was prepared using the indirect method.1. Operating activities2. Financing activities3. Investing activities4. Would not appear in the statementFor those flows you identified as operating, indicate whether the amount would have been added to or subtracted from net income in the operating portion of the statement of cash flows knowing it was prepared using the indirect method.
What is the expected price of the stock in a year? Show that the expected return, 12%, equals dividend yield plus capital appreciation.
1.The following selected information is from the Princeton Company's comparative balance sheets.
Sales were $780,000 for the year, variable selling and administrative expenses were $88,400, and fixed selling and administrative expenses were $170,000. There was no beginning inventory. Assume that direct labor is a variable cost.
At what point should managers reorder the steering wheels, assuming that both demand and purchase-order lead time are known with certainty?
If fixed costs increase to $1200, what will happen to equilibrium price and quantity?
Prepare journal entries to record the issuance of materials during August.
What are the components of a budget? Are they same for every organization? Why or why not? Should every organization forecast its operating budget? Why or why not?
Duggan company applies manufacturing overhead to jobs on the basis of machine hours used - compute the manufacturing overhead rate for the year.
Describe how that organization either does or does not apply the course concepts (regarding the book Cost Accounting) on a day to day basis.
show how these transactions would be reflected on the NBA's financial statements, prepare a December 31, 2013, statement of financial position and statement of activities.
Stock transactions for corporate expansion - Journalize the entries to record the foregoing transactions.
Purchase-related transactions - Journalize entries for the related transactions of Platypus Company
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