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Create Income statment and Cash flow statment for the imgae below
Create income statment and cash flow statment for this information
Accounting Homework involving FIFO and LIFO Income Statment
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Income Statment, Statment of retained earnings, balance sheet $ 400 Assets: Cash Accounts Receivable Supplies $10,500...
Income Statment, Statment of retained earnings, balance sheet
$ 400 Assets: Cash Accounts Receivable Supplies $10,500 880 750 FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Accounts Payable Stockholders' Equity: Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 11,510 220 $12,13e Total Assets $12,130 Two employees have been hired, at a monthly salary of $2,540 each. The following transactions occurred during January of the current year ENN January 1 2 3 2 2 2 2 2 2 3...
Prepare a pro forma income statment for 2016. Assume that the sales increase to $87 million...
Prepare a pro forma income statment for 2016. Assume that the
sales increase to $87 million as a result of the plant expansion.
Also assume that the cost of sales and selling and administrative
expense rations (as a percentage of sales) remian constant.
Finally, assume that interest expense and the firm's tax rate
remain the same in 2016.
TABLE 160.1 Anderson Furniture Company's Financi urniture Company's Financial Data (in Thousands of Dollars) Industry Average Balance Sheet as of December 31,...
Prepare the income statment, statement of retained earnings and balance sheet. The following information applies to...
Prepare the income statment, statement of retained earnings
and balance sheet.
The following information applies to the questions displayed below) Francine's Fast Deliveries, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below: Assets Cash Accounts Receivable Supplies Francine's Fast Deliveries, Inc. Balance Sheet of January 1, 2012 Liabilities: $ 1.775 Accounts Payable 1,100 Stockholders' Equity 900 Contributed Capital Retained Earnings $ 1110 $2,000...
Prepare a journal entry for each item listed Prepare an income statment for the month ended...
Prepare a journal entry for each item listed
Prepare an income statment for the month ended May
31,2015
Prepare a balance sheet at may 31, 2015
7. Hart Concerts Inc. was organized on May 1, 2016, by two students majoring in education. The two entrepreneurs provided entertainment for children's birthday parties to supplement their college career. The following transactions occurred during the first month of operations: May 1: Received contribution of $6,000 from each of the two principal owners of...
FILL IN THIS INCOME STATMENT Baxtell Company manufactures and sells a single product. The following costs...
FILL IN THIS INCOME STATMENT
Baxtell Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
22
Direct labour
7
Variable
manufacturing overhead
6
Variable selling and
administrative
9
Fixed costs per year:
Fixed manufacturing
overhead
318,150
Fixed selling and
administrative expense
201,600
During the year, the company produced 35,350 units and sold
28,800 units. The selling price of the company’s product is...
income statment required for the following Activity Rani owns a retail store. For the year ended...
income statment required for the following
Activity Rani owns a retail store. For the year ended 31 December 2019 she made a gross profit of $35000. She provided the following information for that year. Drawings Wages and Salaries Rent received from subletting General expenses Loan interest Discount allowed Discount received Advertising Property tax Motor expenses 17000 23000 6000 13500 1000 500 870 680 1240 2550
Construct a personal income statment for the Humperdrienk family using the following information: salaries, $42,000; mortgage...
Construct a personal income statment for the Humperdrienk family using the following information: salaries, $42,000; mortgage payment, $7,980; food, 2,400; interest income, $150; transportation, $1,200; dividend income, $190; automobile payment, $3,060; clothes and personal, $2,000; student loan payment, $1,700; property taxes, $9,700; and recreation and vacation, $2,000. What is thr family's disposable income ? this subject is supposed to be Accounting for Entrepreneurship * please explain your answer and right the formula , orgonize it but not too sophisticated .
how do you find the revenu on an income statment LLLLLLLL Required: Calculate the missing amounts....
how do you find the revenu on an income statment
LLLLLLLL Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ Rent 11,000 5,000 3,000 Advertising Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings $ 5,000 Total Stockholders Equity $ 17,000 $ 12,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 3,000 3,000 13,000 $ 6,000 $ 19,000 Prev1...
Income Statment, Statment of retained earnings, balance sheet
$ 400 Assets: Cash Accounts Receivable Supplies $10,500 880 750 FAST DELIVERIES, INC. Balance Sheet at January 1 Liabilities: Accounts Payable Stockholders' Equity: Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 11,510 220 $12,13e Total Assets $12,130 Two employees have been hired, at a monthly salary of $2,540 each. The following transactions occurred during January of the current year ENN January 1 2 3 2 2 2 2 2 2 3...
Prepare a pro forma income statment for 2016. Assume that the
sales increase to $87 million as a result of the plant expansion.
Also assume that the cost of sales and selling and administrative
expense rations (as a percentage of sales) remian constant.
Finally, assume that interest expense and the firm's tax rate
remain the same in 2016.
TABLE 160.1 Anderson Furniture Company's Financi urniture Company's Financial Data (in Thousands of Dollars) Industry Average Balance Sheet as of December 31,...
Prepare the income statment, statement of retained earnings
and balance sheet.
The following information applies to the questions displayed below) Francine's Fast Deliveries, Inc. (FFD) was organized in December of 2011. It had limited activity in 2011. The resulting balance sheet at the beginning of 2012 is provided below: Assets Cash Accounts Receivable Supplies Francine's Fast Deliveries, Inc. Balance Sheet of January 1, 2012 Liabilities: $ 1.775 Accounts Payable 1,100 Stockholders' Equity 900 Contributed Capital Retained Earnings $ 1110 $2,000...
Prepare a journal entry for each item listed
Prepare an income statment for the month ended May
31,2015
Prepare a balance sheet at may 31, 2015
7. Hart Concerts Inc. was organized on May 1, 2016, by two students majoring in education. The two entrepreneurs provided entertainment for children's birthday parties to supplement their college career. The following transactions occurred during the first month of operations: May 1: Received contribution of $6,000 from each of the two principal owners of...
FILL IN THIS INCOME STATMENT
Baxtell Company manufactures and sells a single product. The
following costs were incurred during the company’s first year of
operations:
Variable costs per unit:
Manufacturing:
Direct materials
$
22
Direct labour
7
Variable
manufacturing overhead
6
Variable selling and
administrative
9
Fixed costs per year:
Fixed manufacturing
overhead
318,150
Fixed selling and
administrative expense
201,600
During the year, the company produced 35,350 units and sold
28,800 units. The selling price of the company’s product is...
income statment required for the following
Activity Rani owns a retail store. For the year ended 31 December 2019 she made a gross profit of $35000. She provided the following information for that year. Drawings Wages and Salaries Rent received from subletting General expenses Loan interest Discount allowed Discount received Advertising Property tax Motor expenses 17000 23000 6000 13500 1000 500 870 680 1240 2550
how do you find the revenu on an income statment
LLLLLLLL Required: Calculate the missing amounts. CYCLONE, INC. Income Statement Year ended Dec. 31, 2021 Revenues Expenses: Salaries $ Rent 11,000 5,000 3,000 Advertising Net income CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Retained Earnings $ 5,000 Total Stockholders Equity $ 17,000 $ 12,000 Beginning balance Issuances of stock Add: Net income Less: Dividends Ending balance 3,000 3,000 13,000 $ 6,000 $ 19,000 Prev1...
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