Ocean Atlantic Co. is a merchandising business. The account balances for Ocean Atlantic Co. as of July 1, 2012 (unless otherwise indicated), are as follows: [pic] .:. During July, the last month of the fiscal year, the following transactions were completed: July 1. Paid rent for July, $4,000. 3. Purchased merchandise on account from Lingard Co., terms 2/10, n/30, FOB shipping point, $25,000. 4. Paid freight on purchase of July 3, $1,000. 6. Sold merchandise on account to Holt Co., terms 2/10
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BEARINGS, Inc Financing Capital Investments MBA049 “Compete as the highest priced, highest value-added player” “Compete as the highest priced, highest value-added player” BEARINGS, INC INDUSTRY * Fragmented industrial distribution * Highly cyclical * Sales were down 12% as a result of the recession * 2 known competitors - Motion Industries and Kaman Bearing Common Stock breakdown was as follows Three things changed 1. Increased number of corporate officers
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Pandora, Inc. Initial Public Offering Pandora is the leader in internet radio in the United States, offering a personalized experience for each of our listeners. We have pioneered a new form of radio – one that uses intrinsic qualities of music to initially create stations and then adapts playlists in real-time based on the individual feedback of each listener. In July 2011, we had over 100 million registered users, which we define as the total number of accounts that have been created for our
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insolvency stems from the large amounts of securitized assets that were financed with bank capital, which now stands at impossibly low levels. In addition to this problem, banks have had to write down these toxic assets, leaving the value of their liabilities permanently lower than the value of their assets — the classic definition of insolvency. The most crucial problem with these illiquid assets
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di Exercise E4-2 |GOODE Company | |Work Sheet (partial) | |For the month ended April 30, 2008 | |
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Peach Blossom Cologne Company P-1 Time Budget December 31, 2009
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Short-term Assets .......................................................... 1-3 Long-term Assets............................................................ 1-3 Liabilities (Debt) and Equity ......................................................1-4 Debt vs. Equity ................................................................ 1-4 Liability / Equity Accounts
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expected to increase from $5 million in 2007 to $6 million in 2008 or by 20%. Its assets totaled $3 million at the end of 2007. Baxter is at full capacity, so its assets must grow at the same rate as projected sales. At the end of 2007, current liabilities were $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accruals. The after-tax profit margin is forecasted to be 5%, and the forecasted payout ratio is 70%. Use the AFN formula to forecast Baxter’s
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items: 1. Assets (what it owns) 2. Liabilities (what it owes to others) 3. Owner’s Equity (the difference between assets and liabilities) The accounting equation (or basic accounting equation) offers us a simple way to understand how these three amounts relate to each other. The accounting equation for a sole proprietorship is: Assets = Liabilities + Owner’s Equity The accounting equation for a corporation is: Assets = Liabilities + Stockholders’ Equity If a company keeps
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ratio means that sales or slow causing the inventory to not move as quickly. This means losses for the company. (c) Increase in current ratio. An increase in the current ratio is good as long as the current asset increase greater than liabilities. When liabilities equal or become greater than the current ratio that would be bad for the company. (d) Decrease in earnings per share. A decrease in earnings per share is bad for a company because that is an indication that sales has declined.
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