Book Value Fair Value Cash $ 20,000 $ 20,000 \ cJ6-:: U Accounts Receivable Machinery, net Equipment, net Total Assets 50,000 39,000 96.000 45,000 55,000 120.000 $240 000 Accounts Payable Common Stock, $1 par Retained Earnings Total Liabilities and Equities $ 15,000 REQUIRED: PREPARE Seven's journal entry for its acquisition of Orbea's NET e:Ts. Document your support work. Bonus [2 pts]: If the market value of Seven's common stock had been acquisition of Orbea's NET ASSETS. Document
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$30,330 Halloween-$30,330 Christmas- $30,330 How will the loan approval affect the company? Higher inventory cost- Increase in production to meet demand New long term loan- Loan period ten years set goal five year pay off Increase in total liabilities- $200K Interest payable to the bank- 5% interest expense on the loan Advertising expense- $10k Tax expense- Tax payable on the loan (bank or government). As listed above the loan will be utilized for a successful marketing campaign, inventory
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250,000*.220=55,000 4. Repurchase stock from shareholders. 460,000-1680936=1220936 5. Buy short-term investments. 71,632-20,000=51,632 4. For 2011 Find the Following- Current Ratio: current assets/current liabilities = 2680112/1039800 = 2.6 Debt Ratio: liabilities/assets = 1539800/3516952 = .44 Profit Margin on Sales: Income/sales = 253,584/7035600 = 0.036 Return on Total Assets: 235,584/3,516,952 = 0.072 Price/earnings: 12.17/1.01 = 12.049 Earnings per Share: net income/#
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Analysis of transactions and preparation of comparative income statements and balance sheets Refer to the information for Zea1ock Bookstore in Problem 36. The following transactions relate to 2009. (1) March 15, 2009: Pays income taxes for 2008. (2) June 30, 2009: Repays the bank loan with interest. (3) July 1, 2009: Obtains a new bank loan for $75,000. The loan is repayable on June 30, 2010, with interest due at maturity of 8%. (4) July 1, 2009: Receives the security deposit back from the book
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7………………………………………………………………………………………………Impairment Pg. 7………………………………………………………………………………………………Current Liabilities Pg. 8………………………………………………………………………………………………Figure 4: Current Liabilities Pg. 8………………………………………………………………………………………………Contingent Liabilities Pg. 9………………………………………………………………………………………………Subsequent Events Pg. 9………………………………………………………………………………………………Long-term Liabilities Pg. 9………………………………………………………………………………………………Figure 5: Long-term Liabilities Pg.10……………………………………………………………………………………………..Figure 6: Interest Expense Pg. 10……………………………………………………………………………………………
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Financial Analysis of Coca Cola versus PepsiCo, Inc. Axia College of University of Phoenix Financial Analysis of Coca Cola versus PepsiCo, Inc. There are two major competing companies that manufacture beverages. They compete for the number one manufacturer and distributor spot for beverages worldwide. Both companies are immediately identifiable almost anywhere. They are PepsiCo and Coca-Cola. They have so thoroughly saturated the markets around the world that they enjoy
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600,000 | | Accruals | $ 400,000 | | Total current assets | $ | 2,960,000 | | Total current liabilities | $ 3,500,00 | | | | | | | | | Fixed assets | $ | 2,240,000 | | Common stock | $1,600, | 000 | | | | | Retained earnings | $ 100,000 | | Total assets | $ | 5,200,000 | | Total liabilities and equity | $5,200,000 | | b. Assume that in 2008 sales increase by 10 percent over 2007. How much additional
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Executive Summary Introduction Jolly's Java and Bakery (JJB) is a start-up coffee and bakery retail establishment located in southwest Washington. JJB expects to catch the interest of a regular loyal customer base with its broad variety of coffee and pastry products. The company plans to build a strong market position in the town, due to the partners' industry experience and mild competitive climate in the area. JJB aims to offer its products at a competitive price to meet the demand of
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Priscilla’s Bakery Lekicia Williams-Gist Tuesday, September 6, 2011 Dr. Reeley Bus 508 Business Enterprise Executive Summary Priscilla’s Bakery is a bakery that sells homemade desserts that range from cakes, cupcakes, pies, and cookies. We can loosely be described as a quick-service restaurant, where customers come in order their favorite dessert and a drink, and enjoy the comforting atmosphere of sweet smelling flavors and aromas from the desserts. Priscilla’s Bakery will hold true to
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In business, when you hear the word partnership, it generally refers to a general partnership. In a general partnership, there are two or more partners. Each is liable for any debts or judgments taken on by the business. There is no limited liability, which means all the partners’ assets can be taken in a lawsuit or be targeted to settle debts should the partnership become insolvent. Any partner can be sued for the full amount of business debts. Another attribute of the general partnership is
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