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Review Problems 1 Given the following financial information, calculate the missing values $1,000 95,000 Cash Crop revenue Grain inventory Total operating expenses Prepaid expenses Notes payable Accrued interest Interest expense Supplies Owner equity 200 10,000 Machinery and equipment Farm real estate Total current assets $75,000 Total current liabilities 150,000 Accounts payable 17,500 Cash investment in growing 14,000 crops 2.000 Net farm income from 800 operations 27,000 Current portion of noncurrent 1.500 debt Deferred portion of noncurrent debt 10,000 500 138,500...
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complete the following balance sheet. Assets 12/31/2018
12/31/2019 Change Cash $25,000 $35,000 Marketable Securities
$10,000 $15,000 Accounts Receivable $1,500 $1,500 Fertilizer and
Supplies $500 $25,000 Investments in Growing Crops $48,500 $86,000
Crops held for Sale and Feed $12,000 $8,000 Market Livestock
$75,000 $115,000 Total Current Assets Breeding Livestock $45,000
$35,000 Machinery and Equipment $350,000 $315,000 Buildings $75,000
$85,000 Investments in Cooperatives $2,000 $2,000 Land $500,000
$525,000 Total Non-Current Assets Total Assets Flag this Question
Question 211.5 pts Complete the following...
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Table 1: Records of JKJ Farm as of January 2017. Amount $ Items Vehicles Cash in the bank Land Current portion of term debt Accounts payable Depreciation on machinery Breeding stock Hay on hand Income tax payable Other accrued expenses Calves to be sold in 15 days Grain on hand Accounts receivable Real estate debt Prepaid expenses Notes payable on machinery (due in 6 years) Vehicles Buildings 7,000 60,000 400,000 57,000 123,000 3,700 131,000 19,000 16,800 19,700 48,000 40,000 40,000...
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Self-Assessment Quiz Financial Statements Income Statement Sell Assessment Quiz Financial Information All values are end of year unless otherwise stated Accounts Payable 12,000 Accounts Receivable 10,000 Accruals 10,000 Accumulated Depreciation 100,000 Beginning of year Inventory 50,000 Beginning of year Retained Earnings 120.000 Cash 7.000 Common Stock 121,500 Cost of Goods Sold 200,000 Current Portion - Long Term Debt 1,500 Depreciation Expense 25,000 Dividends 40,000 Gross Property, plant, and Equipment 400,000 Interest Expense 15,000 Long Term Debt (excluding current portion) 120,000...
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Given the above Finacail Statemtns, Calculate all of the missing
performance measures in sheet “PM” (below) for Vandelay Farms.“CF”
is the statement of cash flow summary for Vandelay Farms. Based on
the performance ratios, is Vandelay Farms in any kind of financial
trouble? Why or why not?
Balance Sheet Summary for Vandelay Farms Historica Pro 2017 Current assets Cash, savings, and marketable securities Crops, feed, and supplies Market livestock Accounts receivable Other current assets All personal assets Total current assets...
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Given the following Financial Information Answer the following
question:
2017
2018
Cash
1,000
270,396
Accounts Receivable
6,000
6,600
Inventory
4,000
4,400
Prepaid Assets
3,000
3,300
Other Assets
1,000
1,100
Total Current Assets
15,000
285,796
Net PPE
90,000
73,000
Intangibles
6,000
6,000
Total Assets
111,000
364,796
Accounts Payable
2,000
2,200
Salary Payable
2,000
2,200
Notes Payable
9,000
9,000
Total Current Liabilities
13,000
13,400
Long-Term Debt
20,000
20,000
Total Liabilities
33,000
33,400
Common Stock
90,000
90,000
Retained Earnings
-12,000
241,396
total equity...
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O Search Home Exercise-Practice 1.docx - Read-Only - Saved Help Layout Review View Table Design =yout References Mailings A A Aa A A-D-A AL B AaBbCD AaBbCD AaBb Cc AaB 1 Normal 1 No Spac... Heading 1 Hea Styles Amount $ Paragraph Items Vehicles Cash in the bank Land Current portion of term debt Accounts payable Depreciation on machinery Breeding stock Hay on hand Income tax payable Other accrued expenses Calves to be sold in 15 days Grain on hand...
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$ 145,600 Use the following information for Longliew Farms to answer problem 5. Crops & feed revenue Livestock and livestock product revenue Total nonfarm income Total farm operating expenses Depreciation expense Income tax expense Interest expense Withdrawals for family living Principal payments on unpaid operating debts Principal payments on current portions of debt & leases 215,300 12,000 252,629 50,526 10,827 64,962 28,000 29,890 a) Calculate capital replacement and term debt repayment capacity for LongView Farms. b) Calculate capital replacement and...
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Use
the following information to calculate value of farm production,
total farm operating expenses, interest expense, net farm income
from operations and owner’s equity. Use the value of farm
production format.
Crop sales of new crop Crop sales of old crop Change in crop inventory from 1/10 to 12/10 Change in accounts payable from 1/10 to 12/10 Change in accounts receivable from 1/10 to 12/10 Government payments received in 2010 Cash received for sale of tractor Market livestock purchases Feed...
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Use the following information to calculate value of farm production, total farm operating expenses, interest expense, net farm income from operations ands owner equity. Use the value of farm production format. Crop sales of new crop Crop sales of old crop Change in crop inventory from 1/10 to 12/10 Change in accounts payable from 1/10 to 12/10 Change in accounts receivable from 1/10 to 12/10 Government payments received in 2010 Cash received for sale of tractor Market livestock purchases Feed...
Review Problems 1 Given the following financial information, calculate the missing values $1,000 95,000 Cash Crop revenue Grain inventory Total operating expenses Prepaid expenses Notes payable Accrued interest Interest expense Supplies Owner equity 200 10,000 Machinery and equipment Farm real estate Total current assets $75,000 Total current liabilities 150,000 Accounts payable 17,500 Cash investment in growing 14,000 crops 2.000 Net farm income from 800 operations 27,000 Current portion of noncurrent 1.500 debt Deferred portion of noncurrent debt 10,000 500 138,500...
complete the following balance sheet. Assets 12/31/2018
12/31/2019 Change Cash $25,000 $35,000 Marketable Securities
$10,000 $15,000 Accounts Receivable $1,500 $1,500 Fertilizer and
Supplies $500 $25,000 Investments in Growing Crops $48,500 $86,000
Crops held for Sale and Feed $12,000 $8,000 Market Livestock
$75,000 $115,000 Total Current Assets Breeding Livestock $45,000
$35,000 Machinery and Equipment $350,000 $315,000 Buildings $75,000
$85,000 Investments in Cooperatives $2,000 $2,000 Land $500,000
$525,000 Total Non-Current Assets Total Assets Flag this Question
Question 211.5 pts Complete the following...
Table 1: Records of JKJ Farm as of January 2017. Amount $ Items Vehicles Cash in the bank Land Current portion of term debt Accounts payable Depreciation on machinery Breeding stock Hay on hand Income tax payable Other accrued expenses Calves to be sold in 15 days Grain on hand Accounts receivable Real estate debt Prepaid expenses Notes payable on machinery (due in 6 years) Vehicles Buildings 7,000 60,000 400,000 57,000 123,000 3,700 131,000 19,000 16,800 19,700 48,000 40,000 40,000...
Self-Assessment Quiz Financial Statements Income Statement Sell Assessment Quiz Financial Information All values are end of year unless otherwise stated Accounts Payable 12,000 Accounts Receivable 10,000 Accruals 10,000 Accumulated Depreciation 100,000 Beginning of year Inventory 50,000 Beginning of year Retained Earnings 120.000 Cash 7.000 Common Stock 121,500 Cost of Goods Sold 200,000 Current Portion - Long Term Debt 1,500 Depreciation Expense 25,000 Dividends 40,000 Gross Property, plant, and Equipment 400,000 Interest Expense 15,000 Long Term Debt (excluding current portion) 120,000...
Given the above Finacail Statemtns, Calculate all of the missing
performance measures in sheet “PM” (below) for Vandelay Farms.“CF”
is the statement of cash flow summary for Vandelay Farms. Based on
the performance ratios, is Vandelay Farms in any kind of financial
trouble? Why or why not?
Balance Sheet Summary for Vandelay Farms Historica Pro 2017 Current assets Cash, savings, and marketable securities Crops, feed, and supplies Market livestock Accounts receivable Other current assets All personal assets Total current assets...
O Search Home Exercise-Practice 1.docx - Read-Only - Saved Help Layout Review View Table Design =yout References Mailings A A Aa A A-D-A AL B AaBbCD AaBbCD AaBb Cc AaB 1 Normal 1 No Spac... Heading 1 Hea Styles Amount $ Paragraph Items Vehicles Cash in the bank Land Current portion of term debt Accounts payable Depreciation on machinery Breeding stock Hay on hand Income tax payable Other accrued expenses Calves to be sold in 15 days Grain on hand...
$ 145,600 Use the following information for Longliew Farms to answer problem 5. Crops & feed revenue Livestock and livestock product revenue Total nonfarm income Total farm operating expenses Depreciation expense Income tax expense Interest expense Withdrawals for family living Principal payments on unpaid operating debts Principal payments on current portions of debt & leases 215,300 12,000 252,629 50,526 10,827 64,962 28,000 29,890 a) Calculate capital replacement and term debt repayment capacity for LongView Farms. b) Calculate capital replacement and...
Use
the following information to calculate value of farm production,
total farm operating expenses, interest expense, net farm income
from operations and owner’s equity. Use the value of farm
production format.
Crop sales of new crop Crop sales of old crop Change in crop inventory from 1/10 to 12/10 Change in accounts payable from 1/10 to 12/10 Change in accounts receivable from 1/10 to 12/10 Government payments received in 2010 Cash received for sale of tractor Market livestock purchases Feed...
Use the following information to calculate value of farm production, total farm operating expenses, interest expense, net farm income from operations ands owner equity. Use the value of farm production format. Crop sales of new crop Crop sales of old crop Change in crop inventory from 1/10 to 12/10 Change in accounts payable from 1/10 to 12/10 Change in accounts receivable from 1/10 to 12/10 Government payments received in 2010 Cash received for sale of tractor Market livestock purchases Feed...