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

  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.

  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!

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