Use the accounts below for Stanley Black and Decker to prepare a CLASSIFIED Balance Sheet (that is,
separate between current and longterm)
at December 28, 2013. ($ millions)
Contributed capital 4,878.6
Use the accounts below for Stanley Black and Decker to prepare an income statement for the year ended
December 28, 2013. ($ millions)
Please make sure you include appropriate subtotals!
Cost of goods sold $7,068.3
Other operating expenses 4
Super Style Clothing begins operations in November. During the month the company receives $36,000
from a shareholder for common stock and gets a $4,000 loan from a bank. The company buys $32,000 of
inventory for cash and sells half of the inventory for $2
Record the following transactions in the financial statements effects template below.
a. Founder contributes $24,000 in cash in exchange for common stock.
b. Obtain $36,000 short term bank loan.
c. Purchase equipment costing $14,000 for cash.
During the month of March 2014, Weimar World, a tax preparation service, had the following
Billed $296,000 in revenues on credit
Received $164,000 from customers accounts receivable
Incurred expenses of $134,000 but only paid $77,700 cash fo
Use the selected financial statement information for Target Corp. to determine the following:
a. Accounts payable turnover
b. Accounts payable days outstanding.
Year-end accounts payable $ 7,683
Average accounts payable 7
Monsanto's History: From Chemicals to Food
Monsanto Company is the worlds largest seed company. They specialize in genetic manipulation
of organisms, popularly know as GMOs. The company was founded by John Francis Queeny, in
1901. He married Olga Monsanto
Identify and explain the directives for the productive use of SWOT analysis. Which
directive do you think is the most important? Why?
The comparison of strengths, weaknesses, opportunities and threats is normally referred to as a
Fill in the blanks to complete Whole Foods Statement of Cash Flows ($millions).
Statement of Cash Flows
For Year Ended September 29, 2013
Net cash from operating activities $1,009
Net cash from investing activities (289)
Net cash from financin
XYZ Company sells $100,000 of bonds to private investors. The bonds are due in 10
years, and have a 5% coupon rate, and interest is paid semiannually. The bonds were
sold to yield 6%.
a)What proceeds does XYZ company receive from investors
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The 2015 financial statements of Willamette Valley Vineyards include the following footnote:
ABC Company purchased a new computer at the beginning of the year at a cost of $1,600.
The estimated salvage value is $100. The estimated useful life is 3 years. Complete the
schedule below for the 3 years using DoubleDecliningBalance Depreciation Method.
1. Your parents are preparing a special party. They expect to incur the
Dinner (per person)
Program and favors (per person)
Your parents would like to charge $30 per person. How
The 2015 Financial Statements of Dell Company include the following footnote:
less: accumulated depreciation
On October 1, 2016, ABC company took out a shortterm loan of a $100,000 to be repaid
in 9 months. The annual interest rate is 6% with no interest payments due until the loan
is repaid. How much interest should ABC company accrue by yearend December 31,
DEF Company had the following transactions. Record the following items in Journal
Entry format. whether it is a (debit) or (credit), and (c) the amount.
1. Issued 7,000 shares of NoPar, Common Stock for $155,000.
2. Issued 3,000 shares of $100 Par, Prefer
Please record the following items in Journal
Entry format. the amount. See my example
Clearly indicate the: (a) account name, (b) whether it is a (debit) or (credit), and (c)
Example: The firm purchased equipment for $1,000. Clearly i
XYZ Company manufactures skateboards. The company offers a 1year warranty on all
products. During 2016, the company recorded Sales Revenue of $2,000,000.
Historically, about 1% of all Sales Revenue for the year are the cost of repairing and/or