Following is a partially completed balance sheet for Epsico, Inc., at December 31, 2013, together with comparative data for the year ended December 31, 2012. From the statement of cash flows for the year ended December 31, 2013, you determine the following: Net income for the year ended December 31, 2013, was $78.
Dividends paid during the year ended December 31, 2013, were $24.
Cash increased $24 during the year ended December 31, 2013.

The cost of new equipment acquired during 2013 was $45; no equipment was disposed of. There were no transactions affecting the land account during 2013, but it is estimated that the fair market value of the land at December 31, 2013, is $126.

Required:
Complete the balance sheet at December 31, 2013.

Assets 2016 2015 Liabilities and Stockholders’ Equity 2016 2015
Current assets Current liabilities
Cash $152 $120 Note payable $196 $160
Accounts receivable 504 480 Accounts payable 492 440
Inventory 964 920 Total current liabilities $688 $600
Total current assets $1,620 $1,520 Long-term debt $320
Total liabilities $920
Land $100 $100 Stockholders’ Equity
Equipment 1,560 1,500 Common stock $800 $800
Less: Accumulated depreciation (720) (640) Retained earnings 760
Total land & equipment $940 $960 Total stockholders’ equity $1,560
Total assets $2,560 $2,480 Total liabilities & stockholders’ equity $2,560 $2,480

Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities

Consider how health insurance affects the quantity of health care services performed. suppose that the typical medical procedure has a cost of $160, yet a person with health insurance pays only $40 out of pocket. her insurance company pays the remaining $120. (the insurance company recoups the $120 through premiums, but the premium a person pays does not depend on how many procedures that person chooses to undergo.) consider the following demand curve in the market for medical care. use the black point (plus symbol) to indicate the quantity of procedures demanded if each procedure has a price of $160. then use the grey point (star symbol) to indicate the quantity of procedures demanded if each procedure has a price of $40. q d at p=$160 q d at p=$40 0 10 20 30 40 50 60 70 80 90 100 200 180 160 140 120 100 80 60 40 20 0 price of medical procedures quantity of medical procedures demand if the cost of each procedure to society is truly $160, the quantity that maximizes total surplus is procedures. economists often blame the health insurance system for excessive use of medical care. given your analysis, the use of care might be viewed as excessive because consumers get procedures whose value is than the cost of producing them.