User Account

All Pages

Discuss a condensed balance sheet for bradford corporation

Assignment Help Accounting Basics
Reference no: EM131771182

A condensed balance sheet for Bradford Corporation prepared at the end of the year appears as follows:

Assets   Liabilities & Stockholders' Equity
  Cash $ 94,000       Notes payable (due in 6 months) $ 42,000  
  Accounts receivable   120,000       Accounts payable   85,000  
  Inventory   270,000       Long-term liabilities   336,000  
  Prepaid expenses   60,000       Capital stock, $5 par    300,000  
  Plant & equipment (net)   570,000       Retained earnings   441,000  
  Other assets   90,000          
     
 Total $ 1,204,000       Total $ 1,204,000  

During the year the company earned a gross profit of $1,116,000 on sales of $2,950,000. Accounts receivable, inventory, and plant assets remained almost constant in amount throughout the year, so year-end figures may be used rather than averages.

Reference no: EM131771182

Questions Cloud

What type of account will you maintain and why : If you are in a partnership business, what type of account will you maintain and why? Discuss in detail
Strategic plan based on pressing issues in khoula hospital : Strategic plan based on the pressing issues in Khoula Hospital in Muscat Sultanate of Oman - problems with the priorities with the reason of chosen them
Determine the transverse rupture strength : A special ceramic specimen is tested in a bend test. Its dimensions are width of cross section = 0.50 in and thick-ness of cross section = 0.25 in.
Examples of the differences between sam and wal-mart : Which would you label as which? Support your answer citing three examples of the differences between Sam's and Wal-Mart.
Discuss a condensed balance sheet for bradford corporation : A condensed balance sheet for Bradford Corporation prepared at the end of the year appears
What forms of payment does sam accept : What forms of payment does Sam's accept? Does WalMart accept the same forms of payment?
Determine the torsion test specimen : A torsion test specimen has a radius = 25 mm, wall thickness = 3 mm, and gage length = 50 mm. In testing, a torque of 900 N-m results in an angular deflection.
Compute earnings per share : 12/1 purchased 1,000 shares for the treasury, Determine the weighted-average number of shares to compute earnings per share
Compare the toothpaste offering at wm to sam : Compare the toothpaste offering at WM to Sam's. Be specific about brand, size, price, etc. What's different? What do you call the pricing strategies.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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