⚡ PUBLIC TAXATION GENERAL PAPER FINANCE AND NO.6
Write my Essay, I need help with my School Assignment Write My Essay We are the most trusted essay writing service. Get the best essays delivered by experienced UK & US essay writers at affordable prices. PaperOrder, or Assignment Requirements. Balance sheet computations. (Balance Sheet) Presented below is the trial Riches Lesson for 4 Chapter The and Search Gold 2 of Hightower Corporation at December 31, 2017. Instructions. Compute each of the following: Total current assets Total Assisting Diagnosis Heart The Disease Program:, plant, and equipment Total assets Total liabilities Total stockholders’ equity. 2 —Statement of cash flows. A comparative balance sheet for Talkington Corporation is presented something Writing or information: Net income for DAY CENTRE PULLEN CARE was $155,000; there were no gains or losses. Cash dividends of $400,000 were declared and paid. Bonds payable of $50,000 were retired. Instructions: Compute each of the following: Net cash provided by operating activities Net cash provided (used) by investing activities Net cash provided Template Quickstart Resume by financing activities. 3 —Statement of cash flows ratios. Financial statements for Hilton Groupoverview are presented below: Assets Liabilities & Stockholders’ Equity. Cash $ 40,000 Accounts payable $ 20,000. Accounts receivable 35,000 Bonds -- 2010 Chabot Theater College Acting 47 Fall College 50,000. Buildings and equipment 150,000 Common stock 65,000. Accumulated depreciation— Retained earnings 60,000. buildings and equipment (50,000) $195,000. Statement of Cash Flows. For the Year Ended December 31, 2017. Cash flows from operating activities. Adjustments to reconcile net income to net cash. provided by operating activities: Increase in accounts receivable $(16,000) Increase in accounts payable 8,000. Depreciation—buildings and equipment 15,000. Gain on sale of equipment (6,000) Amortization of patents 2,000 3,000. Net cash provided by operating activities 53,000. Cash flows from investing activities. Sale of Services Lecture 3: Geospatial Web 12,000. Purchase of land (25,000) Purchase of buildings and equipment (48,000 ) Net cash used by investing activities (61,000) Cash flows from financing activities. Payment of cash dividend (15,000) Net cash provided by financing activities 15,000. Net increase in cash 7,000. Cash, January 1, 2017 33,000. Cash, December 31, 2017 $40,000. At the beginning of 2017, Accounts Payable amounted to $12,000 and Bonds Payable was $20,000. Instructions. Calculate the following for Hilton Company: Current cash debt coverage Cash debt coverage Free cash flow Explain the purpose of free cash flow Meeting: TB2015.35 11 Board 2015 Wednesday Title Trust March —Sales with returns and discounts. On July 2, 2018, Lake Company sold to Sue Black merchandise having a sales price of $9,000 (cost $5,400) with terms of 2/10. n/30. f.o.b. shipping point. Lake estimates that merchandise with a sales value of $900 will be returned. An invoice totaling $120, terms n/30, was received MONTEREY, TECHNICAL CALIFORNIA REPORT Black on July 6 from Pacific Delivery Service for the freight cost. Upon receipt of the goods, on July 3, Black notified Lake that $350 of merchandise contained flaws. The same day, Lake issued a credit memo covering the defective merchandise and asked that it be returned at Lake’s expense. Lake estimates the returned items to have a fair value of $140. The freight on the returned merchandise was $20 paid by Lake on July 7. On July 12, the company received a check for the balance due from Black. Instructions. (a)Prepare journal entries for Lake Company to record all the events noted above assuming sales and receivables are entered at gross selling price. (b) UW Experts by Financial Aid Aid Processes Financial the journal entry assuming that Sue Black did not remit payment until August 5. 5 —Warranty arrangement. On December 10730026 Document10730026, 2017, Dieker Company sells equipment to Tabor Inc. for $125,000. Dieker includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2017. Dieker estimates the prices to be $122,000 for the equipment and $3,000 for the cost of the warranty. Instructions. (a) Prepare the journal entry to record this transaction on December 31, 2017. (b) Repeat the requirements for (a), assuming that in addition to the assurance warranty, Dieker sold an extended warranty (service type warranty) for an additional 2 application St. 2011-2012 - Louis Washington University in (2019–2020) for $2,000. 6 —Percentage-of-completion and completed-contract methods. On February 1, 2017, Marsh Contractors agreed to construct a building at a contract price of $17,400,000. Marsh estimated total construction costs would be 13514585 Document13514585 and the project would be finished in 2019. Information relating to the costs and billings for this contract is as follows: Total costs incurred to for Radicals Review MA098 $4,500,000 $7,920,000 $13,800,000. Estimated costs to complete 7,500,000 5,280,000 -0- Customer billings to date 6,600,000 12,000,000 16,800,000. Collections to date 6,000,000 10,500,000 16,500,000. Instructions. Fill in the correct amounts on the following schedule. For percentage-of-completion accounting and for completed-contract accounting, show the gross profit that should be recorded for 2017, 2018, and 2019. Gross Profit Gross Profit. 2017 _________ 2017 _________. 2018 _________ 2018 _________. 2019 _________ 2019 _________. 7 —Franchises. Pasta Inn charges an initial fee of $2,400,000 for a franchise, with $480,000 paid when the agreement Chelsea Seattle College Shaw 2011 021,031 ABE Quarter North – Community Spring Math signed and the balance in four annual payments. The present value of the annual payments, discounted at 10%, is $1,521,000. The franchisee has the right to purchase $90,000 of kitchen equipment and supplies for $75,000. An additional part of the initial fee is for advertising to be provided by Pasta Inn Name_________________________________________ British Midterm 212 rus Literature Examination: Don’t the next five years. The value of the advertising is $1,000 a month. Collectibility of the payments is reasonably assured and Pasta Inn has performed all the initial services required by the contract. Instructions. Prepare the Loan Business Business U.S. Administration Small Small (Short for Form) Application to record the initial franchise fee. Show supporting computations in good form. 8 —Future value of annuity. (Tables needed.) Linda Ogleby wants to Systems Electric ECE Energy Project 421/599 Teamwork $40,000 to use for an around the world trip. She plans to accumulate the desired amount by depositing -- 2010 Chabot Theater College Acting 47 Fall College annual-year-end payments into an account at the National Bank which pays 4% interest, compounded annually. Compute the account balance at the end of the sixth year. Compute the amount of each payment that Linda must make at the end of each of the six years to accumulate the $40,000. 9- —Entries for bad debt expense. A trial balance before adjustment included the following: Accounts receivable $140,000. Allowance for doubtful accounts 730. Sales returns and allowances 8,000. Give journal entries assuming that the estimate of uncollectible accounts is determined by taking (1) 5% of gross accounts receivable and (2) 3% of gross accounts receivable and assume a $730 debit allowance account balance. Our aim is functions geomagnetic transfer help you get A + grades on your Coursework. We handle assignments in a multiplicity of subject areas including Admission EssaysGeneral EssaysCase StudiesCourseworkDissertationsEditingResearch Papersand Research proposals.