Sample Balance Sheet: Example Company Balance Sheet December 31‚ 2011 ASSETS | | | LIABILITIES | Current assets | | | Current liabilities | | | Cash | $ 2‚100 | | | Notes payable | $ 5‚000 | | Petty cash | 100 | | | Accounts payable | 35‚900 | | Temporary investments | 10‚000 | | | Wages payable | 8‚500 | | Accounts receivable - net | 40‚500 | | | Interest payable | 2‚900 | | Inventory | 31‚000 | | | Taxes payable | 6‚100 | | Supplies | 3‚800
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A balance sheet is a statement businesses produce that outlines their assets and liabilities. It is a snapshot of their fixed assets‚ current assets‚ current liabilities and long term liabilities for a specific moment in time such as the end of a financial year. Using these figures‚ a business is able to calculate their net working capital; how much the business is worth‚ whether it can afford to expand and if it is a good venture for investors. There are different groups of people who are interested
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held by the founders is a very important point they can try to renegotiate. In the Alpha term sheet the founders have a percentage ownership of 34% if the revenues hurdle of $500‚000 is met. The founders hold 32.6% if the revenue hurdle is not met. Mega has no such revenue hurdle thus‚ with the number of shares outlined in the term sheet‚ the founders own 37.5%. Negotiation: In the Alpha term sheet a higher number of shares for the founders would be preferable. We assume the company will meet
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accounts of a company only when the company has purchased some intangible and valuable economic source. Intangibles such as patents and copyrights are examples of identifiable intangible assets. On the other hand‚ intangibles such as favorable government regulations‚ outstanding credit ratings‚ superior management and good labor relations are examples of unidentifiable intangible assets (Tweedie‚ 27). Goodwill comprises the complete set of unidentifiable intangible assets held by the reporting entity
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Six Dimensions of Health Worksheet Part 1 For each of the following six dimensions of health‚ list at least one characteristic‚ activity‚ belief‚ or attitude that reflects that dimension in your life. Provide a brief explanation with each example. Refer to Ch. 1 in the text for explanations of these dimensions. Physical health: Exercising – It allows me to stay in shape‚ so that I may be able to have to have the energy to perform normal every day activities. Social health: Going out
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Test Booklet Code - NO.: ABC 2216302 This Booklet contains 20 pages. Do not open this Test Booklet until you are asked to do so. Impoutant Instructions : 1. 2. The Answer Sheet is inside this Test Booklet. When you are directed to open the Test Booklet‚ take out the Answer Sheet and fill in the particulars on side-1 and side-2 carefully with blue/ black ball point pen only. The test is of 3 hours duration and Test Booklet contains 180 questions. Each question carries 4 marks
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M06_MARI6128_10_SE_CH06.QXD 1/19/11 11:56 AM Page 85 Karlie Sowder Feb. 20 2013 LAB TIME/DATE ________________________ NAME_________________________________ R E V I E W S H E E T EXERCISE 6 Classification of Tissues Tissue Structure and Function—General Review A group of cells working together to perform a common function. They form together to make up organs 1. Define tissue. _______________________________________________________________________________________ _
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1. What does the title mean? As I look at the title‚ ‘Lord Randal’‚ it reflects me that he is the highest as he was represented by the word ‘LORD’. 2. Put it in your own words. When I read the poem once‚ it makes me think of something not as the same as I read the poem for the second time. The poem talks about Lord Randal and his mother conversation. Of what Lord Randal had been for the day. This story’s highlight for me is his mother. He always asks his mother to make his bed. For me‚
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000=$100‚000 In its December 31‚ 2013‚ balance sheet‚ Rigsby would report In 2013‚ Rigsby would recognize realized gross profit of: entry at December 31‚ 2013? Gross profit % = ($4‚500‚000-3‚600‚000)/$4‚500‚000=20% 2013:20%x$500‚000=$100‚000In 2014‚ Rigsby would recognize realized gross profitof:Grossprofit%=($4‚500‚000-3‚600‚000)/$4‚500‚000=20%2013:20%x$500‚000=$100‚0002014:20%x[($4‚500‚000-500‚000)/2]= $400‚000 In its December 31‚ 2013‚ balance sheet‚ Rigsby would report: At December 31
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is referred to as the a. stand alone concept. b. monetary unit assumption. c. economic entity assumption. d. corporate form of ownership 2. All of the financial statements are for a period of time except the a. income statement. b. balance sheet c. owner’s equity statement. d. statement of cash flows 3. A trial balance will not balance if a. a journal entry is posted twice. b. a wrong amount is used in journalizing. c. incorrect account titles are used in journalizing. d. a journal
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