Contempri Homes, Inc.
ontempri Homes, Inc. was established by Steve Bassett, a former tradesman, in 1976 as a local
builder of starter grade modular homes serving the Scranton, Pennsylvania, area. In just
over 35 years, the Company had grown into a well
Nordstrom, Inc. is one of the nations fashion specialty retailers. Its product
mix includes apparel, shoes, and accessories for men, women, and children.
Nordstrom is known for the quality of its retail shopping experience (that results
Depreciation of Airplanes
ttached are excerpts taken from the 2004 annual reports of Northwest Airlines,
Delta Airlines, and United Airlines. Assume that on January 1, 2005, each of the
three airlines purchases a new Boeing 757 for $75 million. Each air
Cathy Thomas is the controller of a medium-sized division of a Fortune 500 company. Prior to
appointment to her current position approximately two years ago, Cathy worked for the corporate accounting
staff at headquarters.
Corporate Income Taxes
LT Capital Gain
Income from Operations
Long-Term Capital Gain (Loss)
Solution to Practice Midterm Questions
Eastshore and Northshore countries each produce two goods, steak and bread. The owner of
Eastshore enjoys steak more than bread, but must consume at least 10 ozs of bread every day. The
Statement of Cash Flows, Worksheet
Cash and Cash Equivalents
Property, Plant & Equipment (net)
40,000 Sale of MS
Coll. fr. Cust.
Sale of Plant Assets
Issue of CS
Statement of Stockholder's Equity, Assumptions
Paid in Capital in Excess
Par Value Issue Price
Useful Life (yrs.)
Increase in Sales Revenue
Cost of Goods Sold
Nominal Cost of Capital
Real Cost of Capital
Federated Department Stores
ederated Department Stores, Inc.1 is the nations leading operator of premier department
stores, including Bloomingdales, The Bon March, Burdines, Goldsmiths, Lazarus, Broadway, R.
H. Macy, Richs, and Stems. In 1988, a Canadia