Preparing the Basic Financial Statements Marilyn Miller opened a floral shop using $45,000 of her own cash savings and with $135,000 in cash borrowed from her parents. She signed a lease on a small store for one year, agreeing to pay $3,150 per month in rent. During the first year of operations, Marilyn purchased fresh flowers from a local nursery for $22,500, paid $10,800 for utilities, and generated floral sales totaling $108,000. (Assume all transactions were cash transactions). Marilyn was hoping to be able to repay her parents one-half of the borrowed money at the end of the first year of operations. (a) Enter each of the above events in to the balance sheet equation as illustrated in the chapter. (b)Prepare an income statement, ( c) balance sheet, and (d) statement of cash flow for the floral shop.

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u. s. parent on bank deposits held in london d. interest received by a u. s. parent on a loan to a subsidiary in mexico e. principal repayment received by u. s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u. s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

You are president of a large corporation. at a typical monthly meeting, each of your vice presidents gives standard area reports. in the past, these reports have been good, and the vps seem satisfied about their work. based on situational approach to leadership, which leadership style should you exhibit at the next meeting?

Select the correct answer. martha is a healer, a healthcare provider, and an experienced nurse. she wants to share her daily experiences, as well as her 12 years of work knowledge, with people who may be interested in health and healing. which mode of internet communication can martha use? a. wiki b. email c. message board d. chat e. blog