User Account

All Pages

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

  You are thinking of investing in a field that may have

you are thinking of investing in a field that may have commercial amounts of oil. based on the existing data of the

  Prepare a pension worksheet for 2011

Prepare a pension worksheet for 2011 and accompanying computations and amortization of the loss, if any, in 2011 using the corridor approach.

  Prepare a informal memo to mr skaros

Prepare a maximum 700-word informal memo and explain to Mr. Skaros why his production cost report showed only 2,000 equivalent units in ending inventory.

  Purpose trust fund for the principle and interest

In a recent city meeting, it was agreed that the city was going to build a new town hall. Long-term bonds, inter governmental transfers, and public donations will be used to construct and maintain the building.

  Total obligation under capital leases

The present value at December 31, 2011 of the eight lease payments over the lease term discounted at 10% is $1,173,685. Assuming all payments are made on time, the amount that should be reported by Lang Corporation as the total obligation under ca..

  Determine the balance in the retained earnings account

Determine the balance in the Retained Earnings account as of January 31, 2013.

  Total value of investment

Briefly explain why the total value of saving in the economy must equal the total value of investment.

  Fair compensation for involved in business

Considering 2% as fair compensation for the risk involved in the business, calculate the value of goodwill of his business on capitalization of super profits at the normal rate of interest. Ignore taxation.

  How to go through the accounting cycle in the beginning

How to go through the accounting cycle in the beginning accounting college course right now

  Determining the regression analysis

Identify each of the following statements as true or false and explain why: A. A parameter is a population characteristic that is estimated by a coefficient derived from a sample of data.

  Provides supporting information for a full financial status

As an internal accountant, prepare a report for management that provides supporting information for a full financial status review prior to the bid.

  Describe the purpose of the test

For each of the following tests he performed, describe the purpose of the test to include all the auditobjective(s) involved.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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