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exam_review - 2.96 - Management in Engineering, Fall 2004...

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Quiz Review (fall 2003 quiz) November 1, 2004 2.96 - Management in Engineering, Fall 2004 Massachusetts Institute of Technology Department of Mechanical Engineering Instructors: Professor Jung-Hoon Chun and Professor Alexander d'Arbeloff
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Q1-2 CONSOLIDATED BALANCE SHEET 2001 Assets Cash Accounts Receivable Inventory Land Property, plant, and equipment 100 400 (a) 250 600 Liabilities and Stockholder’s Equity Accounts Payable Bonds Payable Contributed Capital Retained Earnings 200 600 500 100 Sales Expenses Net Income Dividends 1000 (500) (b) (c) Assets = Liabilities + Equity 100 + 400 + (a) + 250 + 600 = 200 +600 +500 +100 (a) = 50 NI = Sales + Expenses (b) = 1000 + (-500) (b) = 500 End RE = Beg RE + NI – Dividends 100 = 0 + 500 – (c) (c) = 400
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•(d ) = 800 •(e ) = 900 • (f) = 1600 •(g )
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Q1-3 Cash Flow Statements *What is the purpose of a cash flow statement? - A CFS reconciles changes in the cash account of a company
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exam_review - 2.96 - Management in Engineering, Fall 2004...

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