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What is constitutive relation between risk and expected rate of return? Add examples for better clarity.
Prepare an income statement for the first year. Prepare a statement of retained earnings as of the end of the first year.
Choose three ratios in each category and describe what the ratios tell the user about the company. How are financial ratios used to evaluate a company?
Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year.
What adjustments might management make to the financial information when preparing the annual financial statements?
What is the proportion of shareholder claims to the total assets of the corporation?
How is gross profit calculated? What relationships do the gross profit and gross profit percentage calculations express?
How is the purchase of merchandize inventory on credit recorded in a perpetual system?
What does this information indicate about the company?
Prepare a classified income statement. Assume all expenses not related to cost of goods sold are selling expenses.
Reconstruct the adjusting entry that must have been recorded for each account. General ledger account numbers are not necessary.
Calculate the cumulative financial impact on assets, liabilities, shareholders' equity, revenue and expense if these adjusting entries are not made.
Indicate in the "Adjustments" column the debit or credit difference between the unadjusted trial balance and the adjusted trial balance.
All but 1,000 share related to the stock-option plan were exercised by year-end. The expiration resulted because one of the executives failed to fulfill.
The fair value of the non-controlling interest on that date was $100,000. Little's book value on that date was $350,000.
Prepare an analysis of the budget variances for revenues and expenses for 20X1.
What amount of long-term debt should be reported for the bonds in the hospital's December 31, 20X1 balance sheet?
The interest is payable semiannually on July 1 and January 1. On July 1, 20X6, the hospital called all of the bonds and retired them.
The bonds mature at the rate of $100 annually, beginning January 1, 20X2. Interest is payable annually on January 1.
Interest is payable semiannually, on April 1 and October 1, and the bonds mature on April 1, 20X6.
On September 1, 20X1, Step up Hospital issued $4,000 (face value) of five-year, 4.8 percent bonds at 94.5 percent and accrued interest.
The maturity date of the bonds is April 1, 20X6. On February 1, 20X2, $200,000 of these bonds are reacquired at 98 percent and accrued interest.
If a hospital's annual financial report includes a balance sheet, statement of operations, and statement of changes in net assets.
In the hospital's 20X1 statement of cash flows, what amount should be reported as "net cash inflow from operating activities"?
In the hospital's 20X1 statement of cash flows, what amount should be reported as a cash inflow from its investing activities?