The following transactions occurred during a recent year: .a Paid wages of $1,700 for the current period (example).
b. Borrowed $8,500 cash from local bank using a short-term note.
c. Purchased $3,400 of equipment on credit.
d. Earned $680 of sales revenue; collected cash.
e. Received $1,360 of utilities services, on credit.
f. Earned $2,870 of service revenue, on credit.
g. Paid $510 cash on account to a supplier.
h. Incurred $115 of travel expenses; paid cash.
i. Earned $680 of service revenue; collected half in cash, with balance on credit.
j. Collected $190 cash from customers on account.
k. Incurred $480 of advertising costs; paid half in cash, with balance on credit.

Required:
Determine the company’s preliminary net income.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Frolic corporation has budgeted sales and production over the next quarter as follows. the company has 4100 units of product on hand at july 1. 10% of the next months sales in units should be on hand at the end of each month. october sales are expected to be 72000 units. budgeted sales for september would be: july august september sales in units 41,500 53,500 ? production in units 45,700 53,800 58,150

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value