What is the total amount that this company owes based on the Balance Sheet below? Balance Sheet 2019 Common Size ASSETS Cash $5,594 26.80% Accounts Receivable $3,353 16.10% Inventory $2,353 11.30% Total Current Assets $11,300 54.20% $14,400 (54,848) $9,552 $20,852 69.10% -23.20% 45.80% 100.00% Plant & Equipment Accumulated Depreciation Total Fixed Assets Total Assets LIABILITIES & OWNER'S EQUITY Llabilities Accounts Payable Current Debt Long Term Debt Total Liabilities Owner's Equity Common Stock Retained Earnings Total Equity Total Liabilities & Owners' Equity $2,854 $0 $5,200 $8,054 13.70% 0.00% 24.90% 38.60% $2,313 $10,485 $12,798 $20,852 11.10% 50.30% 61.40% 100.00% $5,200 $2,854 $8,054 O $14.400 $10,485 O 2,313 What is the value of liabilities that are due within one year from the Balance Sheet below? Balance Sheet 2019 Common Size ASSETS Cash Accounts Receivable Inventory Total Current Assets $5,594 $3,353 $2,353 $11,300 26.80% 16.10% 11.30% 54.20% $14,400 (54,848) $9,552 $20,852 69.10% -23.20% 45.80% 100.00% Plant & Equipment Accumulated Depreciation Total Fixed Assets Total Assets LIABILITIES & OWNER'S EQUITY Liabilities Accounts Payable Current Debt Long Term Debt Total Liabilities Owner's Equity Common Stock Retained Earnings Total Equity Total Liabilities & Owners' Equity $2,854 $0 $5,200 $8,054 13.70% 0.00% 24.90% 38.60% $2,313 $10,485 $12,798 $20,852 11.10% 50.30% 61.40% 100.00% O 2,313 $10,485 $2.854 $14.400 $8,054 $5,200 If you sell a product on credit, the transaction is recorded in: O Accounts Payable O Material Costs Accounts Receivable O Variable Costs Inventory What is the total amount of costs that change with the level of sales activity shown on the Income Statement below? 2019 Size 100.00% 29.70% 49.60% 0.70% 80.00% 20.00% 2.40% Income Statement Total Sales $40,800 Variable Costs Direct Labor $12,138 Direct Material $20,240 Inventory Carrying Costs $282 Total Variable Costs $32,660 Gross Margin $8,140 Fixed Costs (Operating Expenses) Depreciation $960 Sales, General & Administrative (SG&A): Research & Development $0 Promotions $1,000 Sales $1,000 Administrative $637 Total Fixed Costs $3,597 Net Margin $4,543 Other Earnings Before Interest & Taxes (EBIT) $4,543 Short Term Interest $0 Long Term Interest $641 Taxes $1,365 Profit Sharing $51 Net Profit (Loss) $2,485 0.00% 2.50% 2.50% 1.60% 8.80% 11.10% 11.10% 0.00% 1.60% 3.30% 0.10% 6.10% $32,660 $8,140 $4,543 $3,597 $20,240 $12,138 Refer to the Cash Flow Statement below and determine which company is in the most desirable cash position Cash Flow Statement Survey Company A Company B Company Company D Cash flows from operating activities Net Income (Loss) $2,606 $11,640 $3,063 59,398 Adjustment for non-cash items Depreciation $2,053 $2,960 $2,800 $2,496 Changes in current assets & liabilities Accounts Payable $2,864 $530 (5354) (5870) Inventory $703 SO $1,000 ($12,000) Accounts Receivables ($2,946) (1,252) (572) $900 Net cash from operations $5.280 $13,878 $6,437 Cash flows from Investing activities Plant Improvements (net) ($16,000) ($12,000) SO (5103 Cash flow from financing activities Dividends paid SO $0 ($3,000) So Sales of common stock SO $0 SO $15,000 Purchase of common stock (52,424) $0 SO Cash from long-term debt issued SO SO $0 $4,920 Retirement of long term debt ($1,733) (51,733) ($1,733) ($2,800 Change in current debt $6.000 $1.733 $1.733 $23 Net cash from financing activities $4,267 ($2.424)) ($3,000) $17,143 Net change in cash position ($6.453) (5546) $3,437 $0 Closing Cash Position $0 $13,196 $5,936 $0 Company A Company C O Company D All companies fall into this category Company B
