Here are the 2018 and 2019 (incomplete) balance sheets for Newble Oil Corp.

BALANCE SHEET AT END OF YEAR (Figures in $ millions)
Liabilities and Shareholders’
Assets 2018 2019 Equity 2018 2019
Current assets 310 420 Current liabilities 210 240
Net fixed assets 1,200 1,420 Long-term debt 830 920

Required:
a&b. What was shareholders' equity at the end of 2018 and 2019?
c. If Newble paid dividends of $145 million in 2019 and made no stock issues, what must have been net income during the year?
d. If Newble purchased $345 million in fixed assets during 2019, what must have been the depreciation charge on the income statement?
e. What was the change in net working capital between 2018 and 2019?
f. If Newble issued $218 million of new long-term debt, how much debt must have been paid off during the year? (Enter your answer in millions.)

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Select the correct answer. which is a benefit of planning for your future career? a. being less prepared after high school. b. having higher tuition in college. c. earning college credits in high school. d. ruining your chances of having a successful career.

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?