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Bloom Corporation had the following 2014 income statement
Sales Revenue $200,000
Cost of Goods Sold 120,000
Gross Profit 80,000
Operating expenses
(includes depreciation of $21,000) 50,000
Net Income 30,000
The following accounts increased during 2014: Accounts Receivable $12,000; Inventory $11,000; Accounts Payable $13,000. Prepare the cash flows from operating activities section of Bloom's 2014 statement of cash flows using the direct method.
Instead of investing the entire $1,000,000, Lee invests $300,000 today and plans to make 9 equal annual investments into the fund beginning one year from today. What amount should the payments be if Lee plans to establish the $1,898,000 foundation..
The following information is given for Alpha and Beta Divisions of Fraternity Corporation. If Fraternity Corporation uses ROI to evaluate division managers, and uses historical cost as the investment base, compute the ROI for Alpha and Beta.
On January 1, 2009, D Corp. granted an employee an option to purchase 6,000 shares of D's $5 par common stock at $20 per share.
Find a newspaper or magazine even online and select an article relating to the use of governmental funds by state, county, local government, etc on an activity.
Prepare a multi-step income statement and a classified balance sheet in proper form using accrual accounting and all balances are as of the end of the year except Retained Earnings.
Discount rate Expected rate of return 2.5% 2.8% Thousands of U.S. Instructions Use the information on Kyowa to respond to the following requirements. (a) What are the key differences in accounting for pensions under U.S. And Japanese standards?
Identify whether each transaction below is an operating, investing or financing activity. Assume the indirect method.
perfectionist construction company was the low bidder on an office building construction contract. the contract bid
All adjustments affect one balance sheet account and on income statement account. For each of these situations, Preparation of a Work Sheet, Financial Statements, and Adjusting and Closing Entries.
If you were a member of the School District board, what factors would you consider in evaluating the two bids?
High Sounds manufactures wind chimes that have a standard material cost of 2 pounds of raw materials at $1.50 per pound. During March, 10,000 pounds of raw materials costing $1.55 per pound were used in making 4,800 wind chimes. What is the (1) ma..
What are the implications for a company's receivable management of selling its products internationally?
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