Blog

The net income reported on the income statement for the current year was $275,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows:   End Beginning Cash $50,000 $60,000 Accounts receivable 112,000 108,000 Inventories 105,000 93,000 Prepaid expenses 4,500 6,500 Accounts payable (merchandise creditors) 75,000 89,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method?

Which of the following is not one of the four basic financial statements?

A patient with a chronic cough with blood-tinged sputum undergoes a bronchoscopy. Following the bronchoscopy the nurse it is important for the nurse to implement which of the following?

Balance sheet and income statement data indicate the following: Bonds payable, 10% (due in two years) $1,000,000 Preferred 5% stock, $100 par (no change during year) 300,000 Common stock, $50 par (no change during year) 2,000,000 Income before income tax for year 550,000 Income tax for year 80,000 Common dividends paid 50,000 Preferred dividends paid 15,000 Based on the data presented, what is the times interest earned ratio? (Round to one decimal point.)

The debits to Work in Process—Assembly Department for May, together with data concerning production, are as follows: May 1, work in process: Materials cost, 3,000 units $8,800 Conversion costs, 3,000 units, 66.7% completed 5,600 Materials added during May, 10,000 units 26,600 Conversion costs during May 33,300 Goods finished during May, 11,500 units 0 May 31 work in process, 1,500 units, 50% completed 0 All direct materials are placed in process at the beginning of the process and the first-in, first-out method is used to cost inventories. The materials cost per equivalent unit for May is

Harding Company Accounts payable $40,000 Accounts receivable 65,000 Accrued liabilities 7,000 Cash 30,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 110,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 30,000 Property, plant, and equipment 625,000 Prepaid expenses 2,000 What is the quick ratio, rounded to one decimal point?

Assume the following sales data for a company:   Current year $325,000   Preceding year 250,000 What is the percentage increase in sales from the preceding year to the current year?

In operant conditioning, the reinforcer occurs __________ the response, and in classical conditioning, it occurs __________.

Given the following cost and activity observations for Smithson Company’s utilities, use the high-low method to determine Smithson’s fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,800 10,300       February 36,700 17,800       March 28,900 11,700       April 31,100 15,100     

Privett Company Accounts payable $34,356 Accounts receivable 65,205 Accrued liabilities 6,085 Cash 17,825 Intangible assets 44,653 Inventory 81,014 Long-term investments 90,618 Long-term liabilities 75,130 Marketable securities 32,175 Notes payable (short-term) 29,134 Property, plant, and equipment 636,438 Prepaid expenses 1,556 Based on the data for Privett Company, what is the amount of quick assets?