Florida Institute of Technology
Assignment for Course:
Management 5002 Corporate Finance
Dr. Mark DAntonio (Updated 8/3/2014)
Instructions: Use Excel to do these problems and paste the answers into this
Word Document - Include
For the Year ended December 31, 20X1
Cost of goods sold
P9-71A Salt Air Marine experienced these events during the current year
December revenue totaled $110,000; and, in addition, Salt Air collected sales tax of 5%.
The tax amount will be sent to the state of North Carolina early in January.
On August 31, S
The assets and liabilities of Post Oak, Inc., as of December 31, 2012, and revenues and expenses
for the year ended on that date follow.
Beginning retained earnings was $114,000, and dividends totaled $37,000 for the year.
1. Prepare the
[Week - 6]
MS Information Technology/Cybersecurity
Florida Institute Of Technology
Name: Balaji S Prabakaran
Course Code: MGT5000
Student No: 902755954
Requirement: For each item, indicate the account
Bank of America Liabilities for period ending 12/31/2015:
Accounts Payable . $146,286,000
Short-Term Debt / Current Portion of Long-Term Debt.$202,389,000
Other Current Liabilities $ 1,197,259,000
Total Current Liabilities .$0.00
Long-term Debt .$105,413,
Why should you periodically change the key used to encrypt messages?
What attack is more likely to succeed if a key has been used frequently?
How frequently should the key be changed?
To create encryption, we must under what encryption means. Encryption o
Discussion Topic: Chapter 12 Focus on Analysis: Yum! Brands, Inc.
1. What is Yum? Brands, Inc.'s main source of cash? Is this good news of bad news to its
managers, stockholders, and creditors? What is Yum? Brands, Inc.'s main use of cash? Is
this good ne
P7-69A On January 3, 2016, Wayne Co. paid $280,000 for a computer system. In addition to the
basic purchase price, the company paid a setup fee of $1,900, sales tax of $7,000, and $28,600
for a special platform on which to place the computer. Waynes manag
P1-69B Summarized versions of Nettleton Corporation's financial statements are given for two recent years:
Complete Nettleton Corporation's financial statements by determining the missing amounts denoted by the letters.
A = ($13,145)
F = $9,21
P6-64A Armed Forces Surplus began March 2016 with 80 tents that cost $15 each. During the
month, Armed Forces Surplus made the following purchases at cost:
Armed Forces Surplus sold 296 tents, and at March 31, the ending inventory consists of 54
Question 5 - 61
Statement of Cash Flows from Operating Activities
6 months ended Dec. 31, 3011
Income taxes payable
Question 6 - 77
Avg Collection Period = 365 / ART
ART = Credit Sales / Avg Acc. Rec.
Credit Sales = .7 x 2.5 mil
Avg Acc. Rec. = .5 X (180,000 + 190,000)
365 / (1750000 / 185000)
For 20X3 Credit Sales = .7 x 2 mil
Avg Acc. Rec. = .5 X (
Focus on Analysis | Yum! Brands, Inc.
Refer to Yum! Brands, Inc. Consolidated financial statements in Appendix B at the end
of this book. Show amounts in millions and round to the nearest $ 1 million.
1. Three important pieces of inventory information are
P5-52 Ratio Analysis Current Ratio = Total Current Assets/ Total Current Liabilities Restate the
current assets and liabilites per GAAP:
1. Current Ratio = Cash + Cash Equivalents + Short-term Investments + Account Receivables
Total Current Liabilities
P1-58A Compute the missing amount (?) for each company amounts in millions.
At the end of the year, which company has the
Highest net income?
o Lowell, Inc. with a net income of $10
Highest percent of net income to revenues?
o Crystal Co. has $6 net inc
P9 - 65A
P9 - 68A
P9 - 71A
1. The income that is to be reported as a current liability for Dec is the sales tax which is
2. The current liability for August are the notes payable and the Interest payable the amount
to be paid is 1,040 for interes
1. During 2012 Yum Brands Sales revenue were 11,833,000 Million and Cash from Customers were
11,818,000 Million dollars. Making the Sales revenue higher than the customer cash flow, the
reason for the difference was due to the 2011 accounts receivable or
acquisitions of merchandise inventory on account
sale for cash
payment to creditors
sales on account
advertising in newspap
CONCEPTUAL FOUNDATIONS OF
CBA AS A FRAMEWORK FOR MEASURING
Analysts rarely encounter situations in which efficiency is not
one of the relevant goals.
- provides a method for making direct comparis
X = original historical cost of assets sold or retired
Land, Buildings, and Equipment
Assets sold or retired
$6,949.7 + $848.8 X =
Y = accumulated depreciation written off du
Note to Vicki:
I have analyzed the Trial Balance of Amusement Specialties, Inc. per your request. Total
Assets are equal to $393,500, Total Liabilities are equal to $147,300 and Net Income for the year
is equal to $139,000.
P11-48A The following information was taken from the records of Daughtry Cosmetics, Inc., at
December 31, 2016:
1. Using the End-of-Chapter Summary Problem as an example, prepare Daughtry
Cosmetics single-step income statement, which lists al
P4-47A Each of the following situations reveals an internal control weakness:
In evaluating the internal control over cash payments of Judd Manufacturing, an auditor learns that the
purchasing agent is responsible for purchasing diamonds for use in compan