Nybrostrand Company_Prepare an income statement and

balance sheet Complete A+ Answer

Nybrostrand Company_Prepare an income statement and balance sheet_Answer
Below find the trial balance for Nybrostrand Company.
Prepare an income statement and balance sheet in good format. After you have
completed the two statements comment on the success of the company. Support your
answer with information from the financial statements you just prepared.
Nybrostrand Company
31-Dec-11
Trial Balance (accounts in alphabetical order)
Debit Credit
Accounts payable $ 67,000
Accounts receivable $ 24,500
Cash 16,700
Common stock 10,000
Depreciation expense 24,350
Cost of goods sold 254,000
Equipment (net of depreciation) 425,000
Insurance 1,400
Inventory 25,000
Long-term debt 145,000
Marketing 4,500
Paid-in capital 90,000
Property taxes 8,900
Rent 18,000
Retained earnings ?
Revenues 456,000
Salaries 67,500
Utilities 6,700
Total 876,550 768,000

Hastings Company has purchased a group of assets for

$15,000 Answer
Hastings Company has purchased a group of assets for $15,000 Answer
Hastings Company has purchased a group of assets for $15,000
Customer Question
Week 4 Homework, Ch 10-13
1) Which of the following should be included in the cost of land?
a) cost to build sidewalks on the land
b) cost to clear the land of old buildings
c) cost of installing signage

d) cost of installing fences

2) Which of the following items should be amortized?
a) natural resources
b) goodwill
c) patents, copyrights, trademarks
d) tangible property, plant, and equipment, other than land
3) Maple Company had net sales of $200,550 for the year ended December 31, 2015. Its
beginning and ending total assets were $75,200 and $110,500, respectively. Determine
Maples asset turnover ratio for the year ended December 31, 2015.
a) 0.46 times
b) 2.67 times
c) 1.18 times
d) 2.16 times
4) Which of the following is true of dividends?
a) Dividends are a distribution of cash, stock, or other assets to the stockholders.
b) Dividends increase assets and decrease total stockholders equity of a corporation.
c) Dividend payments decrease paid-in capital.
d) Dividend payments increase stockholders equity.
5) Which of the following is true of preferred stock?
a) Preferred shareholders generally receive a fixed amount of dividends before common
stockholders do.
b) Preferred shareholders are guaranteed that they will not take a loss on their
investment.
c) Preferred shareholders have higher voting rights than common shareholders.
d) Preferred shareholders may sell their shares for a price higher than that of common
stock.
6) Hastings Company has purchased a group of assets for $15,000. The assets and their
relative market values are listed below.
Land$6,500
Equipment2,000
Building..9,000
Which of the following amounts would be debited to the Land account?
A) $1,962
B) $5,571
C) $1,714
D) $7,714
1) On January 1, 2015, Zade Manufacturing Company purchased a machine for
$40,000,000. The company expects to use the machine for 24,000 hours over the next 6
years. The estimated sale value of the machine at the end of the sixth year is $40,000.
The company used the machine for 3,600 hours in 2015 and 5,000 hours in 2016. What
is the depreciation expense for 2015 and 2016 if the company uses the double-decliningbalance method of depreciation? (Do not round your intermediate calculations.)
2) On January 1, 2015, Anodel Inc. acquired a machine for $1,000,000. The estimated
useful life of the asset is 5 years. Residual value at the end of 5 years is estimated to be
$50,000. Calculate the depreciation expense per year using the straight-line method.
3) Black n White Company purchased equipment for $45,000. The company recorded
total depreciation of $36,000 on the equipment. On January 1, 2015, Black n White
traded in the equipment for new equipment, paying $54,000 cash. The fair market value
of the new equipment is $65,000. Journalize the companys exchange of equipment.
Assume the exchange had commercial substance.

4) On October 1, 2015, Nurix Company purchased a patent for $200,000 cash. Although
the patent gives legal protection for 20 years, the patent is expected to be used for only
10 years. What will be the balance in the patent account on September 30, 2016?
5) Lerner Company had the following transactions in 2015, its first year of operations.
Issued 20,000 shares of common stock. Stock has par value of $1.00 per share and was
issued at $14.00 per share.
Issued 1,000 shares of $100 par value preferred stock. Shares were issued at par.
Earned net income of $35,000.
Paid no dividends.
At the end of 2015, what is the total amount of stockholders equity?
6) Assume the following information for Petra Sales Company:
Common stock, $1.00 par, 200,000 issued, 180,000 outstanding
Paid-in capital in excess of ParCommon: $1,600,000
Retained earnings: $2,440,000
Treasury stock: 20,000 shares purchased at $12 per share
If Petra Sales purchases an additional 5,000 shares of treasury stock at $14 per share,
what number of shares will be shown as issued and outstanding?
7) A company purchased a used machine for $10,000. The machine required installation
costs of $1,000 and insurance while in transit of $500. At which of the following amounts
would the machine be recorded?

QRB 501 Week 5 Charles Royston was checking the yearend balances for his wood furniture manufacturing
Complete Answer
QRB 501 Week 5 Charles Royston was checking the year-end balances for his wood
furniture manufacturing Answer
Week Five Learning Team Case Studies
STUDIES
21.1 Contemporary Wood Furniture
Charles Royston was checking the year-end balances for his wood furniture
manufacturing and retail business, was concerned about the numbers. From what he
remembered, his debts and accounts receivable were higher than the previous year.
Rather than get worked up over nothing, he decided he would gather the information
and make a comparison. For December 31, 2011, the business had current assets of
$1,844 cash, $11,807 accounts receivable, and $9,628 inventory. Plant and equipment
totaled $158,700. Current liabilities were accounts payable $13,446; wages payable
$650; and property and taxes payable $4,124. Long-term debt totaled $92,800 and
owners equity $70,959. By comparison, for December 31, 2010, the business had
current assets of $3,278 cash $6,954 accounts receivable $17,417 inventory. Plant and
equipment totaled $144,500. Current liabilities where accounts payable $9,250; wages
payable $1,110; property and taxes payable $3,650.
Long-term debt totaled $75,800 and owners equity $82,339.
1. Construct a comparative balance sheet for Contemporary Wood Furniture for yearend 2010 and 2011, including a vertical and horizontal analysis of the comparative

balance sheet.
Express percents to the nearest tenth of a percent.
2. Calculate the current ratio and the total debt to total assets ratio for 2010 and 2011.
3. Overall, what does your analysis mean? Is Charles correct to be concerned about
these numbers? Explain.
Ans:
21.2 Balanced Books Bookkeeping
Jessica and David are student interns at Balanced Books Bookkeeping. They have taken
several business math and accounting classes and are now applying what they have
learned to real-life situations. They enjoy their internship, but they are sometimes
surprised by the assignments they are given. Luckily, they work together, so they share
the assignments and learn from each other. Their most recent assignment is to take a
listing of accounts provided by one of Balanced Books clients and turn them into a
balance sheet and income statement. David suggests that their client might appreciate it
if they also performed a vertical analysis of each statement. Jessica suggests that they
should also compute the current ratio and the acid-test ratio.
1. Create the financial statements for December 31, 2011, depict them in vertical format,
and
compute the current and acid test ratios.
Account title Amount Account title Amount
Cash $4,000 Accounts payable $3,500
Depreciation 2,000 Merchandise inventory 15,000
Carlton, equity 34,500 Accounts receivable 6,000
Cost of goods sold 85,000 Net sales 120,000
Rent expense 15,000 Insurance payable 500
Wages payable 1,500 Equipment 15,000
Utilities 6,500 Wages 8,000 Miscellaneous expenses 1,500
USE EXCEL, SPARATE TABS FOR THE BALANCE SHEET, THE INCOME
STATEMENT, + BALANCE SHEET, THEN A TAB FOR WORK & CALCULATIONS.
Jessica and Davids Books Bookkeeping
Income Statement
December 31, 2011
Amount Percent of Net Sales
Net sales 120,000 100.0
Cost of goods sold 85,000 70.8
Gross profit 35,000 29.2
Operating expenses
Rent 15,000 12.5
Depreciation 2,000 1.7
Insurance 500 0.4
Utilities 6,500 5.4
Miscellaneous expenses 1,500 1.3

Total operating expenses 25,500 21.3

Net income 9,500 7.9

Linear Programming Model _Excel Solution Module 5 P518_P5-26_P5-30 Complete A+ Answer

Linear Programming Model _Excel Solution Module 5 P5-18_P5-26_P5-30_Answer
Problem 5-18 (a)
5-18 A food distribution company ships fresh spinach
from its four packing plants to large East-coast cities.
The shipping costs per crate, the supply and demand
are shown in the table at the bottom of this page.
(a) Formulate a model that will permit the company
to meet its demand at the lowest possible cost.
(b) The company wishes to spread out the source for
each of its markets to the maximum extent possible.
To accomplish this, it will accept a 5% increase in
its total transportation cost from part (a). What is the
new transportation plan, and what is the new cost?
Shipments: To Flow balance equations
From Atlanta Boston Charlestown Dover Flow out Location Flow in Flow out Net flow
Sign RHS
Eaglestown Eaglestown = -8000
Farrier Farrier = -10000
Guyton Guyton = -5000
Hayesville Hayesville = -9000
Flow in Atlanta = 8000
Boston = 9000
Unit costs: To Charlestown = 10000
From Atlanta Boston Charlestown Dover Dover = 5000
Eaglestown $6.0 $7.0 $7.5 $7.5
Farrier $5.5 $5.5 $4.0 $7.0
Guyton $6.0 $5.0 $6.5 $7.0
Hayesville $7.0 $7.5 $8.5 $6.5
Total cost =
Problem 5-18 (b)
5-18 A food distribution company ships fresh spinach
from its four packing plants to large East-coast cities.
The shipping costs per crate, the supply and demand
are shown in the table at the bottom of this page.
(a) Formulate a model that will permit the company
to meet its demand at the lowest possible cost.
(b) The company wishes to spread out the source for
each of its markets to the maximum extent possible.
To accomplish this, it will accept a 5% increase in

its total transportation cost from part (a). What is the

new transportation plan, and what is the new cost?
Shipments: To Flow balance equations
From Atlanta Boston Charlestown Dover Flow out Location Flow in Flow out Net flow
Sign RHS
Eaglestown Eaglestown = -8000
Farrier Farrier = -10000
Guyton Guyton = -5000
Hayesville Hayesville = -9000
Flow in Atlanta = 8000
Boston = 9000
Unit costs: To Charlestown = 10000
From Atlanta Boston Charlestown Dover Dover = 5000
Eaglestown $6.0 $7.0 $7.5 $7.5
Farrier $5.5 $5.5 $4.0 $7.0 5% Allowable Cost Increase < = 184275 Guyton $6.0 $5.0
$6.5 $7.0 Hayesville $7.0 $7.5 $8.5 $6.5 Max ship = Problem P 5-26 5-26 A trauma center
keeps ambulances at locations throughout the east side of a city in an attempt to minimize the response time in the event of an emergency. The times, in minutes, from the
ambulance locations to the population centers are POPULATION CENTERS
AMBULANCE LOCATIONS EAST NORTH- EAST SOUTH- EAST CENTRAL Site 1
12 8 9 13 Site 2 10 9 11 10 Site 3 11 12 14 11 Site 4 13 11 12 9 Find the optimal
assignment of ambulances to popu- lation centers that will minimize the total emergency
response time. LOCATIONS EAST NORTH- EAST SOUTH- EAST CENTRAL Site 1
12 8 9 13 Site 2 10 9 11 10 Site 3 11 12 14 11 Site 4 13 11 12 9 Ambulance Locations
Population Centers Flow balance equations East North-East South-East Central Flow
out Location Flow in Flow out Net flow Sign RHS Site 1 0.0 0.0 1.0 0.0 1.0 Site 1 0.0 1 -1
= -1 Site 2 0.0 1.0 0.0 0.0 1.0 Site 2 0.0 1 -1 = -1 Site 3 1.0 0.0 0.0 0.0 1.0 Site 3 0.0 1 -1 = -1
Site 4 0.0 0.0 0.0 1.0 1.0 Site 4 0 1 -1 = -1 Flow in 1.0 1.0 1.0 1.0 Site 1 1 1 = 1 Site 2 1 1 =
1 Ambulance Locations Population Centers Site 3 1 1 = 1 East North-East South-East
Central Site 4 1 1 = 1 Site 1 12.0 8.0 9.0 13.0 Site 2 10.0 9.0 11.0 10.0 Site 3 11.0 12.0 14.0
11.0 Site 4 13.0 11.0 12.0 9.0 Total Emergency Response Time 38 Problem 5-30 The city
of Six Mile, South Carolina, is considering making several of its streets one way. What is
the maximum number of cars per hour that can travel from east (node 1) to west (node
8)? The network is shown in Figure
5.20. .......................................................................................................... Flows: To Flow
balance equations From Node 1 Node 2 Node 3 Node 4 Node 5 Node 6 Node 7 Node 8
Flow out Node Flow in Flow out Net flow Sign RHS Node 1 Node 1 = 0.0 Node 2 Node 2
= 0.0 Node 3 Node 3 = 0.0 Node 4 Node 4 = 0.0 Node 5 Node 5 = 0.0 Node 6 Node 6 = 0.0
Node 7 Node 7 = 0.0 Node 8 Node 8 = 0.0 Flow in Capacities: To From Node 1 Node 2
Node 3 Node 4 Node 5 Node 6 Node 7 Node 8 Node 1 0 2 5 1 0 0 0 0 Node 2 0 0 0 0 2 0 0 0
Node 3 0 0 0 0 2 2 0 0 Node 4 1 0 0 0 0 3 0 4 Node 5 0 2 1 0 0 0 2 0 Node 6 0 0 2 0 0 0 0 4
Node 7 0 0 0 0 2 0 0 2 Node 8 1000 0 0 0 0 0 2 0 Max flow =

Key facts and assumptions concerning Wegman Company,

at December 12, 2007 appear below Complete A+ Answer
Key facts and assumptions concerning Wegman Company, at December 12, 2007,
appear below Answer

1.
Asset X Asset Y
Value Value
Year Cash Flow Beginning Ending Cash Flow Beginning Ending
2000 1,000 20,000 22,000 1,500 20,000 20,000
2001 1,500 22,000 21,000 1,600 20,000 20,000
2002 1,400 21,000 24,000 1,700 20,000 21,000
2003 1,700 24,000 22,000 1,800 21,000 21,000
2004 1,900 22,000 23,000 1,900 21,000 22,000
2005 1,600 23,000 26,000 2,000 22,000 23,000
2006 1,700 26,000 25,000 2,100 23,000 23,000
2007 2,000 25,000 24,000 2,200 23,000 24,000
2008 2,100 24,000 27,000 2,300 24,000 25,000
2009 2,200 27,000 30,000 2,400 25,000 25,000
Beta (X) 1.60
Beta (Y) 1.00
Risk Free Rate 0.07
EMPR 0.05
a. Calculate the annual rate of return for each asset in each of the 10 preceding years,
and use those values to find the average annual return for each asset over the 10-year
period. b. Use the returns calculated in part a to find (1) the standard deviation and (2)
the coefficient of variation of the returns for each asset over the 10-year period 20002009. c. c. Use your findings in parts a and b to evaluate and discuss the return and risk
associated with each asset. Which asset appears to be preferable? Explain. d. Use the
CAPM to find the required return for each asset. Compare this value with the average
annual returns calculated in part a.
e. Compare and contrast your findings in parts c and d. What recommendations would
you give Mary with regard to investing in either of the two assets? Explain to Mary why
she is better off using beta rather than the standard deviation and coefficient of
variation to assess the risk of each asset.
2. Key facts and assumptions concerning Wegman Company, at December 12, 2007,
appear below. Using this information, answer the questions following.
Facts and Assumptions
Yield to maturity on long-term government bonds 4.54%
Yield to maturity on company long-term bonds 6.32%
Coupon rate on company long-term bonds 7.50%
Market price of risk, or excess return 6.30%
Estimated company equity beta 1.05
Stock price per share $25.97
Number of shares outstanding 681.2 million
Book value of equity $4,965 million
Book value of interest-bearing debt $6,674 million
Tax rate 35.0%
a) What is Wegmans cost of equity?
b) What is Wegmans WACC?

3. Firm Equity Beta Debt MV of Equity Tax Rate D/E Unlevered Beta
Slack & Mecker 1.19 4,100 6,300 35% 0.650793651 0.84
Gedders Corp 1.2 5 200 35% 0.025 1.18
Marie of Rome 2.14 380 530 35% 0.716981132 1.46
Dalton Inc. 3.25 375 115 35% 3.260869565 1.04
Hearlpool 1.83 10600 9,100 35% 1.164835165 1.04
Average 1.11
a) RMs beta by relevering the estimated asset beta.
b) What concerns, if any, would you have about using the betas of these firms to
estimate Rough Manufacturings asset beta?
Q4 ABC Inc. is contemplating an average risk investment with an initial investment
requirement of $40m and expected annual after tax cash flows of $6.4m in perpetuity.
a) What is the internal rate of return on the investment?
b) What is the weighted average cost of capital?
c) If undertaken, would you expect this investment to benefit shareholders?
Explain why or why not
ABC Inc. is contemplating an average risk investment with an initial investment
requirement of $40m and expected annual after tax cash flows of $6.4m in perpetuity.
a) What is the internal rate of return on the investment?
b) What is the weighted average cost of capital?
c) If undertaken, would you expect this investment to benefit shareholders?
Explain why or why not

Q 5.
Facts and Assumptions
Yield to maturity on long-term government bonds 5.0%
Yield to maturity on company long-term bonds 7.0%
Market price of risk (EMRP) 6.9%
Estimated company and project asset beta 0.70
Stock price per share $60
Number of shares outstanding 2 million
Market value of interest-bearing debt outstanding 80 million
Tax rate 35.0%
Inflation rate 3.0%
Initial cost of investment $200 million
Year 1 selling price per unit $80
Year 1 variable manufacturing cost per unit $55
Year 1 general selling & administrative expenses $200 million
Expected project life 8 years
Salvage value 40 million
Depreciation schedule Straight-line
Working capital 20.0% as percent of sales

Year 0 1 2 3 4 5 6 7 8
Unit sales in millions 2 10 20 23 24 23 22 15
a. Company equity beta
b. Cost of equity capital
c. Weighted-average cost of capital

MGMT 550 Managerial Communication All Weeks

Assignment Project Final Exam Answer
MGMT 550 Managerial Communication All Weeks Assignment Project Final
Exam_Answer
MGMT 550 Managerial Communication All Weeks Assignment Project Final
Exam_Answer
All week assignments
Discussion Question is only for week 4 Discussion question 1 Part 1 Only
Final Examination
Week 4 Memo Presentation
Course Project McDonalds Wage Increase

MGMT 530 Managerial Decision-Making All Weeks

Discussion Questions Case Analysis Course Project_Mid
and Final Term A+ Answer
MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis
Course Project_Mid Term and Final Term Answer
MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis
Course Project_Mid Term and Final Term Answer
MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis
Course Project_Mid Term and Final Term Answer
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BM 350 Marketing Management Assignment 07 Complete

Answer
BM350 Marketing Management_ASSIGNMENT 07_Complete Answer

BM350 Marketing Management_ASSIGNMENT 07_Complete Answer

ASSIGNMENT 07 BM350 Marketing Management
Directions: Be sure to make an electronic copy of your answer before submitting it to
Ashworth University for grading. Unless otherwise stated, answer in complete
sentences, and be sure to use correct English spelling and grammar. Sources must be
cited in APA format. Your response should be a minimum of one (1) single-spaced page
to a maximum of two (2) pages in length; refer to the Assignment Format page for
specific format requirements.
Case 11: harleydavidson.com and the Global Motorcycle Industry (pp. 354-358)
This case discusses the success of Harley-Davidson and reviews its global position in
1998. It discusses the companys initiatives that continued a thirteen-year record of
growth in revenues and earnings. The company had a phenomenal 74 percent increase
in the value of the firm in 1998 alone. It offers market share and sales information for
global competitors in three regions, North America, Europe, and Asia/Pacific, and
briefly discusses the product offerings of competitors including BMW, Honda,
Kawasaki, Suzuki, and Yamaha.
The case has been kept relatively short since the Web sites for Harley and its
competitors contain abundant additional information. The major objective of the case is
to get you to visit these Web sites, compare them, and evaluate them as strategic
marketing tools
Questions
1. Why is the Internet a particularly good promotion medium for Harley-Davidson?
Discuss at least three (3) reasons.
2. What different roles could Harley-Davidsons Web site play for Harley owners, for
people shopping for a motorcycle, and for people just interested in motorcycles in
general?

ACCT 505 Managerial Accounting_All Weeks_Course

Project Quiz Case Study Mid Term answer
ACCT 505 Managerial Accounting_All Weeks_Course Project_Quiz_Case Study_Mid
Term_answer
ACCT 505 Managerial Accounting_All Weeks_Course Project_Quiz_Case Study_Mid
Term Answer

LAS 432 Tech Society and Culture_All Weeks_Discussion

Questions_Outline_Resource Review_Mid Term_Final
Paper Answer
LAS 432 Tech Society and Culture_All Weeks_Discussion Questions_Outline_Resource
Review_Mid Term_Final Paper_A+_Answer

LAS-432 Tech Society and Culture_All Weeks_Discussion Questions_Outline_Resource

Review_Mid Term_Final Paper_A+_Answer
LAS-432 Tech Society and Culture_All Weeks_Discussion Questions_Outline_Resource
Review_Mid Term_Final Paper_A+_Answer