Gutierrez Company reported net income of $225,000 for 2015. Gutierrez also reported depreciation expense of $45,000 and a loss of $5,000 on the disposal of equipment. The comparative balance sheet shows a decrease in accounts receivable of $15,000 for the year, a $17,000 increase in accounts payable, and a $4,000 decrease in prepaid expenses. Instructions Prepare the operating activities section of the statement of cash flows for 2015. Use the indirect method.
20 October 2011 The Bachelors Degree as a Job Requirement Being an adult and returning to college after receiving the pink slip from my employer was a hard choice I had to make. I soon found out that in this economy seven years of experience as an executive assistant, Microsoft certificates and my good attitude just wasn’t enough to get a good job anymore. I wasn’t even being considered because my resume didn’t state I went to college and received a bachelor’s degree. Going to college is a huge commitment and responsibility. College provides us with the knowledge and credibility that employers seek in this demanding world today.
A. Cash sales, $60,000 (Income Statement) B. Employee salary expense, $34,000 (Income Statement) C. Common stock issued for cash, $100,000 (Balance Sheet)
The shortest loan period for the $15,000 car that would be under our $500 limit is the 36 month loan at a rate of $348.93 per month. 1b. Whether you can afford it or not, how much is the monthly payment for a $15,000 car for a 36 month loan? Answer: The 36 month loan is at a rate of $348.93 per month. 2a.
E. opportunities and threats. Answer Key: C Question 2 of 10 10.0/ 10.0 Points Fernando had taken on a turn-around assignment for his business unit. It was in a high-growth market, but not doing well compared to competitors. He knew it would require a lot of resources and a lot of attention. Then he found out that his company had hired consultants to conduct a BCG portfolio analysis.
The Marketing Plan Product or Service Concept The difference between craft and generic beer is widely known to beer connoisseurs and aficionados. The varied tastes and quality brews are what set craft beers above mass-produced generic beers. The craft beer industry has seen a unique following since the 1970s and its popularity doesn’t seem to be dissipating. In fact as of 2013, craft beer has experienced a 13.9% growth rate over 4.6% for super premium beer and 2.8% for imported beer (Demeter 2013). The restaurant industry is experiencing a similar growth spurt as the craft beer industry.
In 2002 wal-mart had $219 billion in sales and $6.6 billion in net income, over 1 million employees in the United states and 1.4 million employees worldwide. The top factors that make Wal-Mart the best is the degree of customer intimacy, community building, and one-to-one marketing. Everyone should know that Wal-Mart has given that community feel through its brick and mortar stores and its superior customer service that makes the customer feel that intimacy with the company. Another big thing that Wal-Mart has over all others in the same field is a second area of major investment was in distribution technology. Wal-Mart established a network of innovative hubs which used “cross-docking” to minimize distribution center inventory and to facilitate the need-based inventory delivery system enabled by the satellite network.
How much total income tax will Custom Craft Services and Jaron pay (combining both corporate and shareholder level tax) on the $200,000 of income if CCS pays Jaron a salary of $150,000 and distributes its remaining after-tax earnings to Jaron as a dividend? c. Why is the answer to part b lower than the answer to part a? ?
Thus, what is the “income before extraordinary items”? (TCO C) Ivy Co. had the following account balances. Sales $ 120,000 Cost of goods sold 70,000 Salary expense 15,000 Depreciation expense 20,000 Dividend revenue 5,000 Utilities expense 6,000 Rental revenue 30,000 Interest expense
How can Beres prove that the money is really going to waste? How does he know that those funds aren’t being used to help the medical students get a better clinical? I agree that every student deserves to get into their “dream” college, so not only will the common app help with get there but also help start them with the path they need to be on. Just because so many of the applicants who applied didn’t get accepted doesn’t mean they weren’t being given a chance. I wonder what percentage of those students who didn’t get accepted withdrew the opportunity themselves because they couldn’t afford it once they got accepted.