Business, 19.03.2021 18:10 kookycookiefanx
ENETEAU CORPORATION
Comparative Balance Sheet
2020 2019
Assets
Cash $37,000 $31,000
Accounts receivable (net) 80,000 60,000
Prepaid insurance 22,000 17,000
Land 18,000 40,000
Equipment 70,000 60,000
Accumulated depreciation (20,000) (13,000)
Total assets $207,000 $195,000
Liabilities and Stockholder's Equity
Accounts payable $12,000 $6,000
Bonds payable 27,000 19,000
Common stock 140,000 115,000
Retained earnings 28,000 55,000
Total liabilities and stockholder's equity $207,000 $195,000
Additional information:
1. Net loss for 2020 is $12,000. Net sales for 2020 are $250,000.
2. Land was sold for cash at a loss of $2,000. This was the only land transaction during the year.
3. Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash.
4. The company issued and retired bonds in the current year. Retirement of bonds was $12,000.
5. Equipment was purchased for $22,000.
6. Stock was issued for $25,000
Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method.
Answers: 3
Business, 22.06.2019 06:30
73. calculate the weighted average cost of capital (wacc) based on the following information: the equity multiplier is 1.66; the interest rate on debt is 13%; the required return to equity holders is 22%; and the tax rate is 35%. (a) 15.6% (b) 16.0% (c) 15.0% (d) 16.6% (e) none of the above
Answers: 2
Business, 22.06.2019 11:10
How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)
Answers: 1
Business, 22.06.2019 13:50
Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.
Answers: 2
Business, 22.06.2019 22:00
Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service
Answers: 1
ENETEAU CORPORATION
Comparative Balance Sheet
2020 2019
Assets
Cash $37,000 $31...
2020 2019
Assets
Cash $37,000 $31...
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
History, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
History, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Physics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Arts, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01
Mathematics, 12.09.2020 01:01