Rojas Corporation’s comparative balance sheets are presented below. ROJAS CORPORATION
Comparative Balance Sheets
December 31

2017

2016

Cash
$ 14,600

$ 10,600

Accounts receivable
21,600

23,400

Land
20,400

26,000

Buildings
70,100

70,100

Accumulated depreciation—buildings
(15,000

)

(10,500

)

Total
$111,700

$119,600

Accounts payable
$ 12,700

$ 28,300

Common stock
75,200

71,200

Retained earnings
23,800

20,100

Total
$111,700

$119,600

Additional information:
1. Net income was $22,500. Dividends declared and paid were $18,800.
2. No noncash investing and financing activities occurred during 2017.
3. The land was sold for cash of $4,500.
Rojas Corporation’s comparative balance sheets are

Rojas Corporation’s comparative balance sheets are

(a) Prepare a statement of cash flows for 2017 using the indirect method. (Show amounts that decrease cash flow with either a - sign e. g. -15,000, or in parenthesis e. g. (15,000).)

Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e. g. -45 or parentheses e. g. (45).)

For fundamental-type variables, list-initialization syntax prevents narrowing conversions that could result in data loss. for fundamental-type variables, list-initialization syntax allows narrowing conversions that could result in data loss.

Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.

An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 20 to 25. when the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 40 haircuts per day. what is the short-run price elasticity of supply? nothing (your answer should have two decimal places.) what is the long-run price elasticity of supply? nothing (your answer should have two decimal places.)