BUAD 250A Sample Midterm 2 Solutions

BUAD 250A Sample Midterm 2 Solutions - 250a Spring 05 MT1...

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250a Spring 05 MT1 051M1.answers Two-Year Accounting Cycle Statement of Cash Flows Salmon Green Tam Yellow Salmon Green Tan 051M1.1a 05M1.1b 05M1.1c 05M1.1d PG 12 051M1.3a 05M1.3b 05M1.3c PG 3 Net Income +1,300 +1,300 +1,300 NP +50,000 +60,000 +70,000 +80,000 Gain PPE -400 -300 -200 Int Exp 1 +4,583 +5,833 +7,333 +7,500 Loss Inv. +500 +500 +300 Int Exp 2 +417 +1,117 +667 +1,500 Depr Exp +400 +500 +600 PG 4 Amort Exp +400 +400 +700 Cash 1 +340,000 +370,000 +430,000 +460,000 AR +200 +300 +400 AR 1 +170,000 +160,000 +140,000 +150,000 Supplies -200 -300 -500 Un Rev 1 +130,000 +140,000 +160,000 +180,000 Ppd Rent +1,500 +1,600 +1,900 Rev 1 +380,000 +390,000 +410,000 +430,000 AP -600 -500 -700 Cash 2 +610,000 +590,000 +600,000 +620,000 Tax Pay +600 +500 +400 AR 2 -100,000 -50,000 -70,000 -90,000 Sal Pay -500 -200 -100 Un Rev 2 -130,000 -140,000 -160,000 -180,000 Cash Oper. +3,200 +3,800 +4,100 Rev 2 +640,000 +680,000 +690,000 +710,000 PG 5 Sell PPE +700 +800 +1,000 Cash 1 -285,600 -335,000 -338,800 -278,400 Sell Inv. +300 +200 +500 Ppd Sal 1 +5,000 +6,000 +7,000 +8,000 Buy Inv. -1,600 -1,700 -1,900 Sal Pay 1 +9,200 +9,400 +8,400 +10,400 Buy Patent -500 -300 -800 Sal Exp 1 +289,800 +338,400 +340,200 +280,800 Cash Invest -1,100 -1,000 -1,200 Cash 2 -585,000 -608,200 -663,800 -603,600 Ppd Sal 2 -5,000 -6,000 -7,000 -8,000 Pay Div. -400 -100 -100 Sal Pay 2 -9,200 -9,400 -8,400 -10,400 Pay NP -700 -1,300 -1,500 Sal Exp 2 +580,800 +604,800
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