Chapter 3 Problem 3 Operating Activities: Net Income $5‚560 Depreciation $4‚268 Change in Working Capital $1‚397 Cash from Operating Activities $11‚225 Investing Activities: Increased in Fixed Assets ($6‚068) Cash from Investing Activities ($6‚068) Financing Activities: Decrease in Debt ($7‚655) Dividends Paid ($2‚900) New Stock Sold $4‚800 Cash from Financing Activities ($5‚755) Net Cash Flow ($598) Beginning Cash Flow $3‚245 Net Cash Flow ($598) Ending Cash $2‚647 Problem
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6. Durrant Manufacturers‚ Inc. spent $8 million on plant expansion‚ $1.5 million on new capital equipment‚ and $0.5 million on replacement capital in 1980. At the beginning of 1980‚ Durrant had $2.5 million of goods in its inventory; at the beginning of 1981‚ they had $1.5 million in their inventory‚ with sales during the year running $20 million. During 1980‚ their gross investment expenditures were: a. $9.0 million. c. $8.0 million. b. $9.5 million. d. $10 million. 7. Which of the following
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2.) Mrs. Tolstoy and her husband‚ Serge‚ are planning their dream house. The lot for the house sits high on a hill with a beautiful view of the Appalachian Mountains. The plans for the house show the size of the house to be 2‚900 square feet. The average price for a lot and house similar to this one has been $120 per square foot. Fortunately‚ Serge is a retired plumber and feels he can save money by installing the plumbing himself. Mrs. Tolstoy feels she can take care of the interior decorating
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[pic] Copyright © 2011by University of Phoenix. All rights reserved. School of Business Course Syllabus ACC/290 Principles of Accounting I Course Start Date: 06/20/2013 Course End Date: 07/25/2013 Miami Learning Center 11410 NW 20 Street Miami‚ FL 33172 (305) 428-4910 Thursday Evenings – 6 PM to 10 PM June 20‚ 2013 June 27‚ 2013 July 11‚ 2013 July 18‚ 2013 July
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xx/xx/xxxx xacc/280 week 8 Checkpoint The collapse of Enron back in 2001 shows a number of unethical practice. This company shows unethical practice in accounting as well as business. This company is a perfect example on how unethical behavior of a few people can affect millions of individuals. This also affected these individuals for many years after. Enron was the first business to have nationwide gas pipeline networks. On November 8‚ 2001 Enron made an announcement in a SEC filing that
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In this file ACC 290 Week 4 WileyPLUS Assignment Week Four you can find right answers on the following task: Linda Blye opened Cardinal Window Washing Inc. on July 1‚ 2010. During July the following transactions were completed. Journalize the July transactions. (List multiple debit/credit entries from largest to smallest amount‚ e.g. 10‚ 5‚ 2.). Journalize the following adjustments. 1.Services provided but unbilled and uncollected at July 31 were $1‚700. 2.Depreciation on equipment for the month
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to check out ACCNerd.com for the latest updates! 1. Which financial statement is used to determine cash generated from operations? A. Income statement B. Statement of operations C. Statement of cash flows D. Retained earnings statement 2. In terms of sequence‚ in what order must the four basic financial statements be prepared? A. Balance sheet‚ income statement‚ statement of cash flows‚ and capital statement B. Income statement‚ capital statement‚ statement of cash flows‚ and balance
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Week 3 DQ Organization is a social unit of people that is structured and managed to meet a need or to pursue collective goals. (Businessdictionary.com) Organization as a structure distributes responsibilities among the members of the company (child 2005‚ p.6). By allocating people and recourses to the necessary tasks and designating responsibilities‚ the organization contributes to the successful implementations of its goals. While organization as a process focus more closely on behaviors
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This document of XACC 280 Week 9 Capstone Discussion Question shows the solutions to the following problems: Review the annual reports for PepsiCo.‚ Inc and the Coca-Cola Company in the Appendixes A B of Financial Accounting. Select either PepsiCo‚ Inc or Coca-Cola Company. In your estimation‚ the company you chose may be financially healthier or weaker. Would you invest in this company? Explain why or why not. Justify your reasoning by presenting at least three key financial ratios
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Numerous amounts of information can be found in an Annual Financial Report. Team A is again utilizing Wal-Mart’s Annual Financial Report to answer the questions for the week five assignment. The questions for week five dig a little deeper into the financial report than the questions for week four. We will analyze the annual financial report and realize the information it has to offer. This paper will address the following subjects-- assets listed in proper order‚ how the assets are classified‚
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