Income Statement Practice
Fair value=estimated selling value?
Practice 1: Discontinued Activities
The following condensed income statements of the Jackson Holding Company are
presented for the two years ended December 31, 2012 and 2011:
Java Coffee Shop (JCS) Phase 5
I have measured out my life with coffee spoons. ~ T. S. Eliot
Nuts, thought Janus.
When Janus Jenkins graduated from college, she came away from her four years at school with a
freshly minted degree in art history
Adjusted Financial Information
In addition to our results provided in accordance with GAAP above and throughout this Form 10-K, we have
provided non-GAAP measurements which present operating income, net income and earnings per share in 2011,
2010 and 2009
A financial statement (or financial report) is a formal record of the
financial activities of a business, person, or other entity.
Relevant financial information is presented in a structured manner and in a
form easy to understand. They typically include
Cash Flow Worksheet
Three keys are used for performing cash-flow calculations.
lets you enter cash flow data.
lets you compute net present value.
lets you compute internal rate of return.
Press # and " to move through each set of variables.
Kuta Software - Infinite Pre-Algebra
Simple and Compound Interest
Use simple interest to find the ending balance.
1) $34,100 at 4% for 3 years
2) $210 at 8% for 7 years
3) $4,000 at 3% for 4 years
4) $20,600 at 8% for 2 years
Compound Interest Problems:
1. A man invests $10, 000 in an account that pays 8.5% interest per year,
compounded quarterly. What is the amount of money that he will have
after 3 years?
Information given in problem:
P = $10, 000, r = 0.085, t = 3, and n =
Simple and Compound Interest Worksheet
In problems1-3, compare the amount you have if the money were invested at simple interest or
invested so that it is compounded annually.
1. $5,000 at 10% for 5 years
2. $2,000 at 12% for 3 years
3. $1,000 at 14% for
Question 1: Find the simple interest on an amount of 500 dollars for one
year at the rate of 6% per annum.
The formula is SI =
Principal (P) = 500 dollars
Rate of interest(r) = 6 % per annum
N= Interest on 100 dollar for 1 year = 6 dolla