The Murdock Corporation reported the following balance sheet data for 2018 and 2017:. 2018 2017 Cash $ 86,255 $ 27,755 Available-for-sale debt securities (not cash equivalents) 19,500 93,000 Accounts receivable 88,000 75,450 Inventory 173,000 152,200 Prepaid insurance 2,220 2,800 Land, buildings, and equipment 1,266,000 1,133,000 Accumulated depreciation (618,000 ) (580,000 ) Total assets $ 1,016,975 $ 904,205 Accounts payable $ 83,540 $ 156,670 Salaries payable 23,200 28,500 Notes payable (current) 32,200 83,000 Bonds payable 208,000 0 Common stock 300,000 300,000 Retained earnings 370,035 336,035 Total liabilities and shareholders' equity $ 1,016,975 $ 904,205 Additional information for 2018:. (1) Sold available-for-sale debt securities costing $73,500 for $78,800. (2) Equipment costing $20,000 with a book value of $5,800 was sold for $7,200. (3) Issued 6% bonds payable at face value, $208,000. (4) Purchased new equipment for $153,000 cash. (5) Paid cash dividends of $24,000. (6) Net income was $58,000.Required:Prepare a statement of cash flow for 2018 in good form (use the indirect method of cash flow from operating activities).

Jurvin enterprises is a manufacturing company that had no beginning inventories. a subset of the transactions that it recorded during a recent month is shown below. $76,700 in raw materials were purchased for cash. $71,400 in raw materials were used in production. of this amount, $66,300 was for direct materials and the remainder was for indirect materials. total labor wages of $151,700 were incurred and paid. of this amount, $134,300 was for direct labor and the remainder was for indirect labor. additional manufacturing overhead costs of $126,300 were incurred and paid. manufacturing overhead of $126,800 was applied to production using the company's predetermined overhead rate. all of the jobs in process at the end of the month were completed. all of the completed jobs were shipped to customers. any underapplied or overapplied overhead for the period was closed to cost of goods sold. required: 1. post the above transactions to t-accounts.2. determine the cost of goods sold for the period.

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u. s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u. s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u. s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)