Trial balance the accounts in the ledger of seaside furniture company as of august 20y5 are listed in alphabetical order as follows. all accounts have normal balances. the balance of the cash account has been intentionally omitted. accounts payable $24,350 accounts receivable 48,700 cash ? common stock 83,750 dividends 26,000 fees earned 405,900 insurance expense 7,700 land 111,200 miscellaneous expense 11,350 notes payable 53,000 prepaid insurance 3,650 rent expense 77,100 retained earnings 29,900 supplies 2,450 supplies expense 10,150 unearned rent 11,800 utilities expense 54,400 wages expense 227,300 prepare an unadjusted trial balance. list all the accounts in the order of assets, liabilities, stockholders’ equity, revenues, and expenses. place the amounts in the proper columns. if an entry is not required in an amount box, leave it blank.

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. b. use cash to repurchase some of the company's own stock. c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash. e. use cash to increase inventory holdings.