AutoSave On g . BUSN604 Week 1 Assignment 2024 (1) . Saved Search Nick Wimbush NW X File Home Insert Page Layout Formulas Data Review View Help Comments Share & Cut Arial 10 A" A a2 Wrap Text General Z AutoSum Normal 4 Normal Bad AY O Paste [B Copy Conditional Format as Fill Merge & Center Good Neutral Calculation Insert Delete Format Sort & Find & Add-ins Analyze Format Painter Formatting * Table Clear Filter . Select Data Clipboard Font Alignment Number Styles Cells Editing Add-ins B2 X V fx You learned about Balance Sheets this week. Fill in the missing items below. A G H M N O P Q R U W You learned about Balance Sheets this week. Fill in the missing items W N H below. Enter the answers in blue shaded cells ASSETS LIABILITIES Cash $10,000 Accounts payable $12,000 Accounts receivable 100,000 Notes payable 50,000 Inventory #1 Total current liabilities #4 Total current assets 220,000 Long-term debt #5 Gross PP&E 500,000 Total Liabilities $190,000 Less accumulated depreciation #2 Net PP&E $375,000 EQUITY Total Assets #3 Common stock ($1 par; 100,000 shares) 100,000 Paid-in capital #6 Retained earnings 150,000 Total stockholders' equity #7 Total Liabilities and Equity #8 Reminder: A=L+E Balance Sheet Income Statement + Ready x Accessibility: Investigate 100% 1 72.F Clear Q Search 8:26 AM 6/9/2024AutoSave On F . BUSN604 Week 1 Assignment 2024 (1) . Saved v Search Nick Wimbush NW X File Home Insert Page Layout Formulas Data Review View Help Comments Share & Cut Calibri 11 A" A ab Wrap Text General Z AutoSum Normal 4 Normal Bad AY O Paste [B Copy Merge & Center Conditional Format as Good Neutral Calculation Insert Delete Format Fill Sort & Find & Add-ins Analyze Format Painter Formatting * Table Clear Filter . Select Data Clipboard Font Alignment Number Styles Cells Editing Add-ins E21 : X fx D G H M N O P Q R W You learned about Income Statements this week. Fill in the missing items below. Enter the answers in blue shaded cells Sales #9 COGS 575.000 Gross profit $1,600,000 G&A expense 200,000 Sales & Mkting expense #10 Depreciation 50.000 Operating income #11 Interest 100.000 Income before taxes #12 Income taxes (30%) #13 Net income $700,000 18 19 Steps: 20 1: Calculate Sales 2. Calculate Income before taxes. Taxes are 30%, so you know the Net Income (Y) is a percent of 21 "Income before taxes" (X) 22 3. Calculate the Income taxes figure 4. Calculate Operating Income 5. Calculate Sales & Mkting Exp 31 34 35 Balance Sheet Income Statement + Ready 1x Accessibility: Investigate 100% 1 72 F Clear Q Search 8:26 AM 6/9/2024