Mgmt 200 Fall 2009 Homework 1 Solution

Mgmt 200 Fall 2009 Homework 1 Solution - LAST NAME: _ FIRST...

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LAST NAME: _____________ FIRST NAME______________PUID_________________ Please write your name in BLOCK letters and in the format: Last name, First name. Management 200 – Introductory Financial Accounting– Fall 2009 Krannert School of Management - Purdue University Homework 1 – due Friday, September 11, 2009 – SOLUTION OUTLINE IMPORTANT: This homework must be turned in on this sheet of pages (please staple). It is preferred that you print it out two-sided if at all possible. Assignments not completed on this form will not be graded. The grade for this assignment will be based on the correctness of a partial portion of the assignment – the full assignment will not be graded. Please print your name and PUID clearly and legibly in the spaces above. The accountant for Juniper Corporation prepared the following alphabetical list from the company’s accounting records at the end of 2008 (amounts in thousands): Accounts payable $4,400 Inventory 4,500 Accounts receivable 2,400 Land 14,000 Accumulated depreciation 16,800 Notes payable* 16,000 Capital stock* 6,000 Patent 3,800 Cash 2,100 Prepaid insurance 1,300 Cost of goods sold 32,800 Property and equipment 42,000 Depreciation expense 2,800 Retained earnings (12/31/2007) 22,600 Dividends* 2,400 Sales revenue 57,400 Income tax expense 3,400 Selling and general expense 9,400 Income taxes payable
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Mgmt 200 Fall 2009 Homework 1 Solution - LAST NAME: _ FIRST...

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