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Explain to her the similarities and differences between financial and managerial accounting.
Focus on the statement of cash flows and, in particular, the cash flows from operating activities.
Perform a vertical analysis of Robbles Software's assets at the end of years 2014, 2013, and 2012.
Which company earned more net income? Which company's net income was a higher percentage of its net sales? Explain your answer.
Net income was $761 thousand, interest expense $401 thousand, beginning long-term debt $620 thousand, and beginning stockholders' equity was $3,010 thousand.
Compute trend percentages for Overland Valley Sales & Service's total revenue and net income for the following five-year period, using year 0 as the base year.
What were the dollar amount of change and the percentage of each change in Oak Hill Lodge's working capital during 2014 and 2013?
NY Furniture Company has requested that you determine whether the company's ability to pay its current liabilities and longterm debts improved or deteriorated.
Specifically, use the three common stock ratios to determine whether the common stock increased or decreased in attractiveness during the past year.
Write a brief memo, in your own words, to explain to the managers of Kobe, Inc., the purposes of the statement of cash flows.
Show how IFT should report cash flows from operating activities for 2014. IFT uses the indirect method.
McCracken Horse Farms, Inc., began 2014 with cash of $58,000. During the year, McCracken earned service revenue of $694,000 and collected $640,000 .
Depreciation for the period was $16,000, and purchases of new plant assets were $47,000. Plant assets were sold at a $5,000 gain.
Beginning and ending Accounts Receivable are $42,000 and $35,000, respectively. Credit sales for the period total $139,000.
Beginning and ending Plant Assets, Net, are $152,000 and $147,000, respectively. Depreciation for the period was $28,000, and purchases of new plant assets .
Beginning and ending Accounts Receivable are $47,000 and $53,000, respectively. Credit sales for the period total $141,000.
Payment of short-term note payable by issuing long-term note payable, $56,000.
In February, Lexington purchased four cars for inventory on account. Cost of this inventory was $188,000 ($47,000 each).
The combined annual payroll is $78,000, of which Lexington owes $8,000 at year-end. At the end of the year, Lexington paid income tax of $19,500.
Fisher Fine Coffees declared and paid preferred dividends of $5,000 during 2014. Report Fisher Fine Coffees' earnings per share on the income statement.
Compare your estimated stock price with the market price of $51.02 as quoted in the newspaper.
Suppose Tex-Cola Corp. sells soft-drink syrup on account to a Russian company on September 12. Tex-Cola Corp.
Show what Elam Marine will report on its 2014 income statement, starting with income before income tax.
Give the basic equation to compute earnings per share of common stock for net income.
Define a "segment" of a business. What would be a logical way for Worldwide Electronics Corporation to segment its business for financial reporting purposes?