Beta Co. sold 10,000 shares of common stock, which has a par value of $ 25, for $ 27 per share. The company al
par value preferred stock for $ 110. Assume the balance in retained earnings is $ 100,000. Prepare the stockholde
balance sheet.
Solution:
Beta'
Answer
Exercise 8.1
the listed below are eight technical accounting terms introduced in this chapter.
Retail method, FIFO method, Lower of cost or market, Gross Profit Method, LIFO
method, Specific identifications, Flow assumptions, Average cost method.
E
For the mc, know:
Basic purpose of audited financial statements
Audited financial statements are an important piece of information for investors and
economists when judging the health of a company and the overall economy.
Basic purpose of GAAP
GAAP are
Chapter 1
EX 1.4 Financial Accounting Standards Board
International Accounting Standards Board
EX 1.6 1. Registration of public accounting firms 2. Inspections of registered
public accounting firms 3. Setting of auditing standards for the audits of public
Chapter 3
EX 3.11 125a.
GEORGIA CORPORATION
GENERAL JOURNAL
SEPTEMBER 2- 30, 2015
Debit
2015
Sept. 2 Cash
Credit
$975,000
Capital Stock
invest cash in the business
4 Land
Building
Cash
Notes Payable
$975,000
$200,000
$700,000
$100,000
$800,000
Note payabl
1
Farm to Family
Feasibility Project
Entrepreneurship & New Behavior
05/02/2016
Kevin Martinez
Meghan Jones
Sondra Christensen
Ashleigh Price
Aaron Rhodes
Business Overview:
2
Farm to family is a monthly subscription service that provides customers with a
PERSONAL CASH FLOW
ANNUAL
$64,825.00
Total Cash Flow to Date:
Err:509
INCOME SUMMARY
Err:509
Sales Revenue
Non-operational Income
Accounts Receivable
Other 2
Other 3
Total Annual:
Other 4
DAILY
This is an annual estimation. Use this worksheet if you wish
Pro-Forma Income Statement Quarterly
Farm to Family
Quaterly the Year Ending on: 12/12/2017
(all numbers in $)
REVENUE
Gross sales
Less sales returns and allowances
Net Sales
Quarter 1
Quarter 2
Quarter 3
Quarter 4
$160,268
TOTAL
584,053.84
$189,116 $
10,
Exercise 3
Kevin Martinez
Entrepreneurial Capabilities and
Resources
Capabilities complex patters of skill in deploying resources to perform a task or activity to
produce a desire end result.
Customer
Relationship
Manager
Working for
a home
renovating
and
Pro-Forma Income Statement Quarterly
Farm to Family
Quaterly the Year Ending on: 12/12/2018
(all numbers in $)
REVENUE
Gross sales
Less sales returns and allowances
Quarter 1
Quarter 2
$170,850
Quarter 3
$185,645
TOTAL
$
767,661.00
13,368.80
3,845 $
754,2
Martinez 1
Kevin Martinez
Entrepreneurship and New Behavior
Prof. Rodriguez
02/1/16
Exercise 1: Enterprising Skills and Networks
1b. Starting a business Ends vs. Means. Think of a business youd like to start. How
would you start the business if you focuse
Exercise 2
Kevin Martinez
Apple iPhone 6
1. How does this product/service provide value? Why is it valuable to you? Are there certain
features or characteristics that are most important (salient) to you?
Apple iPhones are pretty much small compact compute
PART II: Thesis, Argument, and Example (Closed Book, Closed Notes, 30 minutes, 30
points)
In two to three sentences, please 1) summarize the thesis or main points of the following texts,
and 2) provide one example each author uses to support his position.
AF301 Practice Exam 1
Tuesday, March 3, 2015
9:50 AM
You are offered an investment that will pay you $3000 per year forever
beginning in 6 years.
If your required return on investments like this is 12%,
how much should you be willing to pay for this inves
Chapter 7
Equity Markets and Stock Valuation
1
Cash Flows to Stockholders
As a bondholder, you are lender to a company
As a stockholder, you are an owner of a company
If you buy a share of stock, you can receive cash in two
ways
2
The company pays dividen
Chapter 11: Risk and Return
Expected versus Unexpected Returns
Expected returns and prices are formulated given our
predictions of future performance based on the
information we know now.
Realized returns are generally not equal to expected
returns becaus
Car Purchase Analysis
Payment
Loan Amount
Interest Rate
# years
# periods per year
rate per period
total periods
Payment
Total Interest
Loan Amount
Payment
Interest Rate
# years
# periods per year
rate per period
total periods
Loan Amount
Rate
Loan Amount
AF301
Formulas
FV=PV+PV(r)(t)
FV = PV(1 + r)t
Pt
PV = FV / (1 + r)t
r = (FV / PV)1/t 1
r
t = ln(FV / PV) / ln(1 + r)
1
1 (1 r ) t
PV C
r
(1 r ) t 1
FV C
r
PV = C / r
m
APR
EAR 1
1
m
APR m (1 EAR)
1
m
- 1
APR=period rate*number of periods
After-ta
1
Sales
Direct Labor
Direct Material
Supporting Direct Labor
Order Processing
Design
Service
1
Sales
Cost
Direct Labor
Direct Material
Supporting Direct Labor
Order Processing
Design
Service
Total Cost
Customer Margin
2
3
Standard Model
16500
5415
4620
51
TVM Problem Solving Drills
Identifying formulas
Indicate which formula you will use to solve the problem. In the second column, indicate which variable in the formula you are
solving for. (Note: ADPV stands for Annuity due present value and ADFV stands fo
AF301
Final Exam Guide
The final exam will be a combination of concept questions and calculations. It will consist of about 60% concepts and 40%
calculations. Calculations can be based on material from chapter 7 and 10 and 11. Concept questions will be mu
AF301
Final Exam Guide
The final exam will be a combination of concept questions and calculations. It will consist of about 60% concepts and 40%
calculations. Calculations can be based on material from chapter 7 and 10 and 11. Concept questions will be mu
TVM Problem Solving Drills
Identifying formulas
Indicate which formula you will use to solve the problem. In the second column, indicate which variable in the formula you are
solving for. (Note: ADPV stands for Annuity due present value and ADFV stands fo
History 212: Modern Western Civilization
Exam IOctober 14, 2014-October 16, 2014
PART I: IDENTIFICATIONS (Closed Book, Closed Notes, 30 minutes, 40 points)
Please identify the following twenty quotations taken from your primary source material. Two to
thr
University of Massachusetts - Boston
AF 211 Managerial Accounting
Your
Your required
required materials
materials
Custom Managerial
Accounting for Managers text
by Noreen, Garrison, Brewer
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