Super Savers Department Store's balance sheet revealed the following information:

Determine the amount of working capital reported in the balance sheet.

See attached file

1. Super Savers Department Store's balance sheet revealed the following information: Current assets $720,000 Noncurrent assets 480,000 Noncurrent liabilities 390,000 Stockholders' equity 470,000 Determine the amount of working capital reported in the balance sheet. 2. On January 1, Alan King decided to deposit $60,800 in a savings account that will provide funds four years later to send his son to college. The savings account will earn 7% annually. Any interest earned will be added to the fund at year-end (rather than withdrawn). (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: a. How much will be available in four years? (Round your answer to nearest whole dollar.) b. Prepare the journal entry that Alan should make on January 1. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) c. What is the total interest for the four years? (Round your answer to nearest whole dollar.) d. Prepare the journal entry that Alan should make on December 31 of the first year and December 31 of the second year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answer to nearest whole dollar.) 3[The following information applies to the questions displayed below.] On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions): (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) a. Borrowed $116,600 for seven years. Will pay $6,800 interest at the end of each year and repay the $116,600 at the end of the 7th year. b. Established a plant remodeling fund of $491,200 to be available at the end of Year 8. A single sum that will grow to $491,200 will be deposited on January 1 of this year. c. Agreed to pay a severance package to a discharged employee. The company will pay $75,800 at the end of the first year, $113,300 at the end of the second year, and $150,800 at the end of the third year. d. Purchased a $174,000 machine on January 1 of this year for $34,800 cash. A five-year note is signed for the balance. The note will be paid in five equal year-end payments starting on December 31 of this year. Required: i) In transaction (a), determine the present value of the debt. (Round your answer to nearest whole dollar.) ii) In transaction (b), what single sum amount must the company deposit on January 1 of this year? (Round your answer to nearest whole dollar.) iii) In transaction (c), determine the present value of this obligation. iv) In transaction (d), what is the amount of each of the equal annual payments that will be paid on the note? v) What is the total amount of interest expense that will be incurred? 4 South Col is one of the world's most popular outdoor apparel companies. Assume that South Col borrows $2.3 million from Bank of the Midwest and signs a note promising to pay the $2.3 million back in ten months, at which time South Col will also pay any accrued interest. The interest rate on the note is 9%. Required: 1a. Prepare the journal entry South Col will record when it signs the note and receives the cash. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) 1b. Prepare the journal entry that South Col will record when it pays off the note and any accrued interest after ten months. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) 5. Prepare the journal entry that South Col will record when it pays off the note and any accrued interest after ten months. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars not in millions (i.e., 1,000,000 not 1.0).) Assets Liabilities Stockholders'Net Equity Income Purchased 36,000 shares of treasury stock Resold 3,000 shares for $56/share Resold 7,000 shares for $26 per share 6. [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid $ 450,000 $ 740,000 $1,120,000 90,000 75,000 $ 790,000 The common stock was sold at a price of $40 per share. Required: i) What is the amount of additional paid-in capital? ii) What was the amount of retained earnings at the beginning of the year? iii) How many shares are in treasury stock? iv) Compute earnings per share. (Round your answer to 2 decimal places.) 7.The stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,075,000 and declared and paid dividends of $11,911,000. Stockholders' Equity : Current Year Last Year Common stock, Class A116,600,308 and 116,485,495 shares issued; ? and ? shares outstanding 1,166,000 1,165,000 Common stock, Class B (convertible)4,180,929 shares issued and outstanding 42,000 42,000 Additional paid-in capital 775,055,000 787,987,000 Retained earnings 2,547,727,000 ? Less treasury stock, at cost, Class A47,146,748 and 45,480,148 shares (1,883,581,000) (927,560,000) Required: i) What amount was reported in the Common Stock (Class A) account at the end of the current year? (Round your answer to nearest whole number.) ii) How many shares of Class A Common Stock were outstanding at the end of last year and the end of the current year? iii) What amount was reported in the Retained Earnings account at the end of last year? (Enter your answer in thousands.) iv) At the end of the current year, have the treasury stock transactions increased assets or decreased assets? By how much? (Enter the amount as positive value. Enter your answer in thousands.) v) During the current year, by what amount did treasury stock transactions increase or decrease stockholders' equity? (Enter the amount as positive value. Enter your answer in thousands.) vi) At the end of the current year, what was the average price paid per share for shares held in treasury stock? (Round your answer to 2 decimal places.) 8 King Corporation began operations in January of the current year. The charter authorized the following stock: Preferred stock: 10 percent, $11 par value, 40,600 shares authorized Common stock: $6 par value, 85,800 shares authorized During the current year, the following transactions occurred in the order given: a. Issued 23,100 shares of common stock for $10 cash per share. b. Sold 8,600 shares of the preferred stock at $21 cash per share. c. Sold 2,000 shares of the preferred stock at $21 cash per share and 3,400 shares of common stock at $11 cash per share. Required: Provide the journal entries required to record each of the transactions in (a) through (c). (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 9. United Resources Company obtained a charter from the state in January of this year. The charter authorized 214,000 shares of common stock with a par value of $2. During the year, the company earned $478,000 Also during the year, the following selected transactions occurred in the order given: a. Sold 88,000 shares of the common stock in an initial public offering at $15 cash per share. b. Repurchased 23,000 shares of the previously issued shares at $18 cash per share. c. Resold 11,000 of the shares of the treasury stock at $21 cash per share. Required: Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.) UNITED RESOURCES COMPANY Balance Sheet (Partial) At December 31, This year Stockholders' equity: Contributed capital: Total contributed capital 0 Total contributed capital and retained earnings 0 Total stockholders' equity $0