Exercise 11-10A Prepare a statement of cash flowsâindirect method (LO11-3, 11-4, 11-5) The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 108,900 $ 126,800 Accounts receivable 82,000 97,000 Inventory 105,000 89,000 Prepaid rent 6,000 3,000 Long-term assets: Land 530,000 530,000 Equipment 830,000 720,000 Accumulated depreciation (438,000 ) (288,000 ) Total assets $ 1,223,900 $ 1,277,800 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 109,000 $ 94,000 Interest payable 6,900 13,800 Income tax payable 10,000 6,000 Long-term liabilities: Notes payable 115,000 230,000 Stockholders' equity: Common stock 750,000 750,000 Retained earnings 233,000 184,000 Total liabilities and stockholders' equity $ 1,223,900 $ 1,277,800 Additional Information for 2021: Net income is $79,000. The company purchases $110,000 in equipment. Depreciation expense is $150,000. The company repays $115,000 in notes payable. The company declares and pays a cash dividend of $30,000. Required: Prepare the statement of cash flows using the indirect method. (
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Business, 22.06.2019 07:30, xmanavongrove55
Suppose a firm faces a fixed price of output, íí= 1200. the firm hires workers from a union at a daily wage, í¤í¤, to produce output according to the production function íí= 2í¸í¸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a. what is the firmâs labor demand function? b. if the firm is allowed to choose í¤í¤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firmâs output and profit? what is the total income of the 225 union workers? c. now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firmâs output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]
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Business, 22.06.2019 08:30, franstirlacci
Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturerâs national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturerâs bank will be able to extend as the result of truckâs deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fedâs action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.
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Business, 22.06.2019 11:50, CheddaDsk
What is marketingâs contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
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Business, 22.06.2019 16:30, allytrujillo20oy0dib
Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.
Answers: 3
Exercise 11-10A Prepare a statement of cash flowsâindirect method (LO11-3, 11-4, 11-5) The balance s...
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