Fitz company reports the following information. selected annual income statement data selected year-end balance sheet data net income $ 394,000 accounts receivable decrease $ 73,900 depreciation expense 48,400 inventory decrease 51,500 amortization expense 8,700 prepaid expenses increase 6,600 gain on sale of plant assets 6,000 accounts payable decrease 11,000 salaries payable increase 1,700 use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended december 31. (amounts to be deducted should be indicated with a minus sign.)

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.

Chuck, a single taxpayer, earns $80,750 in taxable income and $30,750 in interest from an investment in city of heflin bonds. (use the u.s. tax rate schedule.) (do not round intermediate calculations. round your answers to 2 decimal places.)