5000 Net income 13512 14 Considering the above income statement and balance

5000 net income 13512 14 considering the above income

This preview shows page 133 - 165 out of 209 pages.

$5,000 Net income $13,512 14 Considering the above income statement and balance sheet: What was the value of the materials in inventory at the beginning of the period? 15 How much additional inventory was purchased during the year? 16 How much inventory was used during the year? 17 Calculate the working capital for both month end periods. An analysis of cash flow can help determine how a company uses its cash assets. It is used to a liabilities, retire debt etc. The starting point of a cash flow analysis is a review of the income st sheet. Calculate the working capital for the two years shown.
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18 What was the cash on hand at the end of Jan 2015?
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tement and the Balance Sheet?
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et in cell H73.
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w by calculating the daily balance from the beginning to the end Credit Balance $ 29,344 $ 6,864 $ 3,194 $ 6,023 $ 8,474 $ 1,835 $ 6,440 $ 2,950 $ 2,761 $ 4,377 $ 3,116 below by calculating the daily balance from the beginning to the
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Credit Balance $ 18,827 $ 17,951 data below. Credit $ 1,144 cated over 12 months and the Personal Computer were depreci
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Before After $10,000 $8,446 $1,554 Changes to Balance Sheet, 1/1 - 1/31 Assets $40,179 $40,209 Cash $9,000 $2,554 Accounts Receivable $8,000 Inventory $1,500 Office Supplies $1,833 Computer $1,950 Accumulated depreciation -$54 $9,000 $15,783 Liabilities and Owner's Equity Notes payable $2,000 Jean Marble, equity $9,000 $13,783 $9,000 $15,783
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Working capital --> Changes to Balance Sheet, 1/31/14 - 1/31/15 Assets 1/31/2010 1/31/2011 Cash $2,554 $17,783 Accounts Receivable $8,000 $5,500 Inventory $1,500 $2,000 Office Supplies $1,833 $1,833 Computer $1,950 $1,950 Computer $2,320 Accumulated depreciation -$54 -$1,091 $15,783 $30,295 Liabilities and Owner's Equity Notes payable $2,000 $3,000 Jean Martin, equity $13,783 $27,295 $15,783 $446,711 Working capital acquire assets, meet tatement and balance
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ABC Company
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d of the month. e end of the month.
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iated (expense) over 3 years?
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10a. Impact on net income: Percent increase/decrease?
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