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2.Alpaca Corporation had revenues of $295,000 in its first year of operations. The company has not collected on $19,800 of its sales and still owes $27,900 on $95,500 of merchandise it purchased. The company had no inventory on hand at the end of the year. The company paid $13,600 in salaries. Owners invested $18,500 in the business and $18,500 was borrowed on a five-year note. The company paid $4,600 in interest that was the amount owed for the year, and paid $8,600 for a two-year insurance policy on the first day of business. Alpaca has an effective income tax rate of 8%.Compute the cash balance at the end of the first year for Alpaca Corporation.
Marshall Networks, Inc. has a total asset turnover of 2.5% and a net profit margin of 3.5%. The firm has a return on equity of 17.5%. Calculate Marshall's debt ratio.
Juanita, who is single, is in an automobile accident in 2012 and her car sustains $6,200 in damages. Because both drivers received tickets in the accident, Juanita does not expect to recover any of the loss from her insurance company.
The startup division made 80% of 1/2 of the established division. The startup division's growth was 1/3 greater than the established division's. If the divisions made 280,000 combined, how much did the startup division make?
The issuance price of a bond does not depend on the-Which of the following is true of a premium on bonds payable?
indiana co. began a construction project in 2006 that will provide it 150 million when it is completed in 2008. during
Brandywine Homecare, a not-for-profit business, had revenues of 12 million in 2007. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was 1.5 million.
Cash flow does not rely on which of the following: A) the payment patterns of customers. B) the monetary policy of the Federal Reserve. C) the speed at which suppliers and creditors process checks. D) the efficiency of the banking system.
ziam is considering an offer to perform his own songs on a cd to be titled waiting there. in the past he has written
the healthy spring water company sells bottled water for offices and homes. the price of the water is 20 per 10 gallon
a portfolio consists of the following four stocks stock current market value expected return a 180000 8 b 145000 10 c
Management's inventory policy is to have ending inventory equal to 1.4 times the cost of sales for the subsequent month, although it is estimated that the cost of inventory at March 31 will be $170,000.
The framework used to record and summarize the economic activities of a business enterprise is referred to as the accounting equation. State the basic accounting equation and define its major components.
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