Business, 22.07.2019 23:40 hardwick744
Family jewelers has never borrowed money. because of rapid growth, on july 25, 2019, saul metcalf, the owner, applied for a loan of $150,000 from his bank. the banker asked metcalf for copies of financial reports of family jewelers for 2018 and quarterly statements for 2019. metcalf had never prepared formal financial statements for the business. he and the company's bookkeeper obtained some information from his 2018 income tax return and estimated other items for which information was not readily available. he took the statements to the banker on august 2. the banker expressed his concern over the statements. what are the most important fundamental financial reporting concepts that seem to have been violated?
Answers: 3
Business, 21.06.2019 20:50, josephvcarter
Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?
Answers: 2
Business, 22.06.2019 17:40, rave35
Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)
Answers: 3
Business, 22.06.2019 22:00, KHaire6856
The following table gives the map coordinates and the shipping loads for a set of cities that we wish to connect through a central hub.,(7,(4,(7,(6,(2,( 2,) for the location of the proposed new central hub, the coordinates should be near: x==) if the shipments from city a double, for the location of the proposed new central hub, the coordinates should be near: x==.926.865.017.21
Answers: 1
Family jewelers has never borrowed money. because of rapid growth, on july 25, 2019, saul metcalf, t...
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