Reference no: EM131063537
Montoya, Inc.
Presented below are a number of balance sheet items for Montoya, Inc., for the current year, 2014.
Goodwill $ 125,000 Accumulated depreciation"equipment $ 292,000
Payroll taxes payable 177,591 Inventory 239,800
Bonds payable 300,000 Rent payable (short-term) 45,000
Discount on bonds payable 15,000 Income taxes payable 98,362
Cash 360,000 Rent payable (long-term) 480,000
Land 480,000 Common stock, $1 par value 200,000
Notes receivable 445,700 Preferred stock, $10 par value 150,000
Notes payable (to banks) 265,000 Prepaid expenses 87,920
Accounts payable 490,000 Equipment 1,470,000
Retained earnings ? Equity investments (trading) 121,000
Income taxes receivable 97,630 Accumulated depreciation"buildings 270,200
Notes payable (long-term) 1,600,000 Buildings 1,640,000
Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares. Assume that notes receivable and notes payable are short-term, unless stated otherwise. Cost and fair value of equity investments (trading) are the same.
Summary of commentary on current economic conditions
: Visit the Fed's Summary of Commentary on Current Economic Conditions ( https://www.federalreserve.gov/monetarypolicy/beigebook/default.htm ) also known as the Beige Book. Prepare a proposal recommending monetary policy actions designed to correct ..
|
What is the accounting break-even point
: A company is considering a 5-year project that opens a new product line and requires an initial outlay of $77,000. The assumed selling price is $97 per unit, and the variable cost is $61 per unit. what is the accounting break-even point?
|
Problem regarding the uncertainity and insurance
: Suppose the function U(x)=ln(x) where x is consumption represents your preference over gambles using an expected utility function. You have a probability δ of getting consumption xB (bad state) and a probability 1-δ of getting xG (good state).
|
How are they problematic in the criminal justice system
: Your Chief/Sheriff has given you the assignment to rewrite your department's professional code of conduct/ethics policy. Explain several standards that must be included and why?
|
Prepare a classified balance sheet in good form
: Prepare a classified balance sheet in good form. Common stock authorized was 400,000 shares, and preferred stock authorized was 20,000 shares.
|
What do you believe are the major causes of conflicts
: What do you consider are the leadership skills required of a project manager in relation to the processes involved in managing complex projects?
|
Indicate the pure strategy nash equilibrium
: This question puts up 4 different scenarios that two stores AllDay and SheepSkein are facing. In each scenario they are the only two shops selling to the whole market. Represent each scenario in a normal form game and indicate the Pure Strategy Na..
|
Stocks remained unchanged and one stock increased
: Assume that on a particular day, the DJIA opened at 11,739.19. The divisor at that time was .1325064234. Suppose on this day the prices for 29 of the stocks remained unchanged and one stock increased $5.08. What would the DJIA level be at the end of ..
|
Difference between a crime and death scene investigator
: Please discuss the primary difference(s) between a crime scene investigator (CSI) and a death scene investigator (MDI) and their responsibilities. Be sure to support your opinions with credible research and to cite and reference your sources in AP..
|