Accounting HW answers - Chapter 1 (NCF=No check figures)...

Accounting HW answers
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Unformatted text preview: Chapter 1 (NCF=No check figures) S1-1 a. $340,000 b. $180,000 c. $110,000 S1-2 NCF S1-3 NCF S1-4 NCF S1-5 NCF S1-6 NCF S1-7 NCF S1-8 NCF S1-9 NCF S1-10 Revenues $94 mil.; Expenses $23 mil.; Net Income $71 mil. S1-11 RE bal., end $297 mil. S1-12 Total assets $141,000 RE $31,200 S1-13 Net cash-oper. $75,000 Cash bal. 12/31/10 $50,000 S1-14 NCF S1-15 NCF E1-16A Fresh Produce $26 bil.; Hudson Bank $14 bil.; Pet Lovers $11 bil. E1-17A Total assets $930 mil.; Total lia- bilities $460 mil.; SE $470 mil. E1-18A 1. $(4) mil. 2. $18 mil. 3. $(16) mil. E1-19A 1. $175,500 2. $118,000 E1-20A NCF E1-21A Total assets $188.9 mil. RE $21 mil. E1-22A 1. Net inc. $12.4 mil. 2. Div. $0 mil. E1-23A Net cash-oper. $480,000 End. cash bal. $219,000 E1-24A Net inc. $364,000 RE 7/31/10 $359,200 E1-25A Total assets $445,700 E1-26A Net cash-oper. $366,200 Net increase in cash $10,900 E1-27A NCF E1-28B DJ Video Rentals $26 bil.; Ernies Bank $20 bil.; Hudson Gifts & Cards $8 bil. E1-29B Total assets $850 mil.; Total lia- bilities $480 mil.; SE $370 mil. E1-30B 1. $(11) mil. 2. $15 mil. 3. $(51) mil. E1-31B 1. $162,500 2. $74,000 E1-32B NCF E1-33B Total assets $189.2 mil. RE $16.9 mil. E1-34B 1. Net inc. $9 mil. 2. Div. $0.7 mil. E1-35B Net cash-oper. $500,000 End. cash bal. $258,000 E1-36B Net inc. $366,500 RE 7/31/11 $362,400 E1-37B Total assets $434,500 E1-38B Net cash-oper. $369,400 Net increase in cash $9,500 E1-39B NCF Q1-40 a Q1-48 a Q1-41 c Q1-49 c Q1-42 a Q1-50 c Q1-43 a Q1-51 d Q1-44 b Q1-52 b Q1-45 b Q1-53 d Q1-46 c Q1-54 a Q1-47 b P1-55A 1. Net inc. $23,400 P1-56A 1. Sapphire: Beg. RE $34 mil. End. Assets $84 mil. Lance: End. RE $18 mil. Rev. $162 mil. Branch: Beg. Assets $7 mil. End. liab. $3 mil. Exp. $15 mil. P1-57A 1. Total assets $141,100 SE $80,600 P1-58A 1. Total assets $257,000 RE $93,000 P1-59A 1. Net inc. $87,900 2. RE, end. $166,900 3. Total assets $208,400 P1-60A 1. Net cash-oper. $5,400 mil. P1-61A (Thousands) b. $1,189 d. $3,729 j. $1,330 m. $1,027 p. $4,658 s. $14,398 x. $700 z. $1,240 P1-62B 1. Net inc. $40,000 P1-63B Diamond: End. assets $83 mil. Net inc. $8 mil. Lally: Begin. assets $25 mil. Expenses $159 mil. Bryant: Begin. liab. $5 mil. Rev. $26 mil.; Div. $(3) mil. P1-64B 1. Total assets $147,300 SE $88,300 P1-65B 1. Total assets $267,000 RE $105,000 P1-66B 1. Net inc. $82,450 2. RE, end. $152,450 3. Total assets $217,000 P1-67B 1. Net cash-oper. $5,420 in mil. Net increase in cash $1,700 in mil. P1-68B b. $1,189 d. $3,769 h. $13,419 j. $1,265 m. $975 p. $4,660 w. $14,370 z. $1,175 r. $11,095 v. $5,120 DC1 NCF DC2 1. Net inc. $10,000; Total assets $96,000 FOF 3. Total resources $8,314 mil. Stockholders owned $2,672 mil. FOA 1. Total liab. $977 mil....
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