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1.Refer to the information reported about Forten Company in Problem 16-1A. Required Prepare a complete statement of cash flows using a spreadsheet as in Exhibit 16A.1; report its operating activities using the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following list of transactions and events.
a. Net income was $ 114,975. b. Accounts receivable increased. c. Merchandise inventory increased. d. Prepaid expenses decreased. e. Accounts payable decreased. f. Depreciation expense was $ 20,750. g. Sold equipment costing $ 46,875, with accumulated depreciation of $ 30,125, for $ 11,625 cash. This yielded a loss of $ 5,125. h. Purchased equipment costing $ 96,375 by paying $ 30,000 cash and (i.) by signing a long-term note payable for the balance.j. Borrowed $ 4,000 cash by signing a short- term note payable. k. Paid $ 50,125 cash to reduce the long- term notes payable. l. Issued 2,500 shares of common stock for $ 20 cash per share. m. Declared and paid cash dividends of $ 50,100.
She needs to cut $94,000 in cost. Prioritize those cuts that can be made without impacting the operation or quality care of the organization.
Journalize the transactions for the current year, 2003, using the accounts listed on the financial statements and other appropriate accounts
The likely impact of the changes on the cost and profit structure of Jupiter Confectionery and calculate and discuss the likely impact of the changes on the cost structure of 'N&N's' our main competitor
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Assume that no other information is received and the equity market as a whole does not move. Is the diagram consistent with market efficiency? Why or why not?
what is the difference between forecasting and budgeting?what is the difference between an operating budget and a cash
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