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Use the below information to answer the following questions: 2007 2008 Sales $4,300 $4,500 Depreciation 750 950 COGS 2422 2633 Interest 180 196 Cash 200 400 Accts Receivables 200 300 Notes Payable 100 150 Long-term debt 2956 1835 Net fixed assets 8000 9500 Accounts Payable 50 100 Inventory 1800 1700 Dividends 225 250 Tax rate 35% 35% 26. List the current assets and current liabilities for 2007 and 2008. What is the net working capital for 2008? Working Capital 2008 27. What is the cash flow from investing activities?
what are the U.S. tax consequences of Teny's Year 1 and Year 2 activities?
What are some of the difference between the preparation of fund-basis financial statements and the preparation of the government-wide statements. What are some of the differences in requirements? When is each used and who is the audience for each?
Prepare journal entries in good form for the following transactions for the Goodland Company. Omit explanations. (So that a line won't be automatically skipped, you may hold the shift & enter.)
Determine the amount that the South Region's costs were over or under budget.
A farmer grows two crops: lettuce and beans. The farmer uses three inputs: labor, seed and fertilizer. The past prices and the quantities of each are given in the following tables: Calculate productivity measures for last year and this year using p..
During the year, the trust makes a mandatory distribution to Sarah of $5,000 and a discretionary distribution of $10,000 to Kyle. The trust has no tax-exempt income. The distribution deduction of the trust is:
A company has $8,200 in net sales, $1,100 in gross profit, $2,500 in ending inventory, and $2,000 in beginning inventory. The company's cost of goods sold is?
ABC Corporation has assets of $1.35 million, common stock of $351,000, and retained earnings of $214,000. What are the creditors' claims on their assets?
Metal cost used in Golf clubs is classified as: A. Variable, product, direct labor, and Manufacturing. B. Direct Labor, Variable, and Product.
Banks have receivables that are the result of investing activities rather than sale or trade. We call these signed documents notes receivable.
(a) Prepare a 2010 retained earnings statement for McEntire Corporation. (Enter all amounts as positive amounts and subtract where necessary.)
Mr. Green seeks your advice as to the tax consequences attached to each offer. Assume that he will no other sale of business assets or capital assets during the year. What is your advice?
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