Homework Answers
Revenue
| Cash Receipts | 725,000 |
| Chg. Livestock Inventory (753,000 - 725,000) | 28,000 |
| Gross Revenue | 753,000 |
Expenses
| Cash op. expense | 520,000 |
| Non cash adj. | |
| Change Acct.Pay. | 3,000 |
| Depreciation Machinery | 40,000 |
| Buildings | 35,000 |
| Total Operating expense (520,000 + 3,000 + 40,000 + 35,000) | 598,000 |
| Interest expense | 44,000 |
| Total Farm Expenses (598,000 + 44,000) | 642,000 |
| NFIO (753,000 - 642,000) | 111,000 |
| Income Taxes | 25,000 |
| Net Income (111,000 - 25,000) | 86,000 |
| Beginning Owner Equity | 670,000 |
| Chgs. Conttrib. Cap. RE | |
| Net Income (from income statement) | 86,000 |
| Withdrawals (86,000 - 5,000) | 81,000 |
| Contributed Capital | 0 |
| Total change in contributed capital and retained earnings (675,000 - 670,000) | 5,000 |
| Ending Owner Equity (from Balance sheet) | 675,000 |
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Fill in all of the boxes to complete the financial statements
Balance Sheet/(cost basis) 2014 2015...
Eric has gathered the information on the next page. He started to set up some financial...
Eric has gathered the information on the next page. He started to set up some financial statements, but got lost. Fill in the missing information. He did not buy or sell any machinery or buildings during the year. There is no non-farm income. There was no contributed capital during the year. Balance Sheet / (cost basis) 2014 2015 2014 2015 Assets Liabilities Current assets Current Liabilities Cash 50,000 65,000 Accounts Payable 13,000 Market Livestock 20,000 48,000 Cur. Port. term debt...
complete the following balance sheet. Assets 12/31/2018 12/31/2019 Change Cash $25,000 $35,000 Marketable Securities $10,000 $15,000...
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...
Given the above Finacail Statemtns, Calculate all of the missing performance measures in sheet “PM” (below)...
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...
Reformulate Carrefour’s 2015 consolidated income statement (I/S), 2014 and 2015 statements of financial positions (SFP; i.e.,...
Reformulate Carrefour’s 2015 consolidated income statement
(I/S),
2014 and 2015 statements of financial positions (SFP; i.e.,
balance sheets),
and 2015 statement of cash flows (SCF)
.
Carrefour 31 December Reported VS 2015 2014 2013 2015 2014 Year ended 31 December Continuing operations Other revenue Total revenue Cost of Sales Gross margin from recurring operations Sales, general and administrative expenses, depreciation and amort Recurring operating profit Net income from companies accounted for by the equity method Recurring operating income after net...
Some recent financial statements for Smolira Golf Corp. follow GOLF C 2014 and 2015 Balance Sheets...
Some recent financial statements for Smolira Golf Corp. follow GOLF C 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2014 Assets 2015 2014 2015 Current assets Current liabilities Accounts payable Notes payable Other $ 24,284 13,000 12,671 28,200 11,900 19,900 $ 23,056 13,548 26,982 25,200 16,300 28,200 Accounts receivable 49,955 60,000 $ 80,000 92,000 Total S 63,586 69,700 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained eamings 60,000 $ 60,000 222,000 209,326 Fixed assets Net...
please help Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000...
Balance Sheet, Jan 1, 2019 Current Assets Cost Current Liabilities Cost Cash 13,000 Accounts Payable 35,000 Corn Grain Inventory 20,000 Interest Payable 11,850 Wheat Inventory 10,000 Principal Farm Mortgage 20,000 Prepaid expenses 5,500 Principal Beef Loan 10,000 Feed on hand 80,000 Operating Loan 75,000 Market Livestock 32,000 Property Taxes Payable 15,000 Accounts Receivable 2,000 Supplies 4,000 Total current assets 166,500 Total current liabilities 166,850 Intermediate Assets Intermediate Liabilities Machinery 300,000 Beef Loan 100,000 Beef Breeding Stock 55,000 Titled Vehicles 26,000...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2014 and 2015 Balance...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 Current assets Current liabilities Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29,000 Accounts payable Notes payable Other $ 25,084 19,000 13,471 $ 29,000 12,700 18,300 Total $ 66,476 $ 72,100 Total 57,555 $ 60,000 $ 88,000 $ 99,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 45,000...
please do Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000...
please do
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Required: Prepare Alrich Farms statement of cash flows for fiscal 2015 using the indirect method.
Required: Prepare Alrich Farms statement of cash flows
for fiscal 2015 using the indirect method.
Page 4 9B17B008 EXHIBIT 1: ALRICH FARMS STATEMENT OF EARNINGS YEAR ENDED DECEMBER 31, 2015 (IN CANADIAN DOLLARS) REVENUE Crop revenue Livestock revenue $198,465 26,278 224,743 Variable crop costs Variable livestock costs 125,665 Contribution 91,107 FIXED COSTS 5,488 15,911 3,208 3,330 46,924 (3,944) 18,507 35,000 8,687 Fuel-machinery & vehicle Maintenance-machinery & vehicle Insurance-machinery & vehicle Equipment repairs Loss on sale of equipment Gain on trade-in...
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...
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...
Reformulate Carrefour’s 2015 consolidated income statement
(I/S),
2014 and 2015 statements of financial positions (SFP; i.e.,
balance sheets),
and 2015 statement of cash flows (SCF)
.
Carrefour 31 December Reported VS 2015 2014 2013 2015 2014 Year ended 31 December Continuing operations Other revenue Total revenue Cost of Sales Gross margin from recurring operations Sales, general and administrative expenses, depreciation and amort Recurring operating profit Net income from companies accounted for by the equity method Recurring operating income after net...
Some recent financial statements for Smolira Golf Corp. follow GOLF C 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2014 Assets 2015 2014 2015 Current assets Current liabilities Accounts payable Notes payable Other $ 24,284 13,000 12,671 28,200 11,900 19,900 $ 23,056 13,548 26,982 25,200 16,300 28,200 Accounts receivable 49,955 60,000 $ 80,000 92,000 Total S 63,586 69,700 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained eamings 60,000 $ 60,000 222,000 209,326 Fixed assets Net...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Some recent financial statements for Smolira Golf Corp. follow SMOLIRA GOLF CORP 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 Current assets Current liabilities Cash Accounts receivable Inventory $ 24,236 14,348 27,892 $ 26,000 17,100 29,000 Accounts payable Notes payable Other $ 25,084 19,000 13,471 $ 29,000 12,700 18,300 Total $ 66,476 $ 72,100 Total 57,555 $ 60,000 $ 88,000 $ 99,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings 45,000...
please do
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
Required: Prepare Alrich Farms statement of cash flows
for fiscal 2015 using the indirect method.
Page 4 9B17B008 EXHIBIT 1: ALRICH FARMS STATEMENT OF EARNINGS YEAR ENDED DECEMBER 31, 2015 (IN CANADIAN DOLLARS) REVENUE Crop revenue Livestock revenue $198,465 26,278 224,743 Variable crop costs Variable livestock costs 125,665 Contribution 91,107 FIXED COSTS 5,488 15,911 3,208 3,330 46,924 (3,944) 18,507 35,000 8,687 Fuel-machinery & vehicle Maintenance-machinery & vehicle Insurance-machinery & vehicle Equipment repairs Loss on sale of equipment Gain on trade-in...
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