Presented below are selected accounts of yasunari kawabata company at december 31, 2014.inventory (finished goods) $59,810 cost of goods sold $2,136,000unearned service revenue 90,870 notes receivable 51,100equipment 257,400 accounts receivable 161,160inventory (work in progress) 38,000 inventory (raw materials) 208,210cash 38,670 supplies expense 78,707equity investment (short-term) 34,880 allowance for doubtful accounts 12,240customer advances 50,200 licenses 18,670restricted cash for plant expansion 51,430 additional paid-in capital 97,360treasury stock 27,650the following additional information is available. inventories are valued at lower-of-cost-or-market using lifo. equipment is recorded at cost. accumulated depreciation, computed on a straight-line basis, is $57,810.the short-term investments have a fair value of $32,760. (assume they are trading securities.)the notes receivable are due april 30, 2016, with interest receivable every april 30. the notes bear interest at 6%. (hint: accrued interest due on december 31, 2014.)the allowance for doubtful accounts applies to the accounts receivable. accounts receivable of $56,700 are pledged as collateral on a bank loan. licenses are recorded net of accumulated amortization of $14,450.treasury stock is recorded at costprepare the current assets section of yasunari kawabata company

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?

Which of the following tends to result in a decrease in the selling price of houses in an area? a. an increase in the population of the city or town. b. an increase in the labor costs of construction. c. an increase in the income of new residents in the city or town. d. an increase in mortgage interest rates.