INA [pic] Part 1: General Situation of SINA SINA is an online media company for China and Chinese communities around the world. SINA operates four major business lines: SINA Weibo, SINA Mobile, SINA Online, and SINA.net. SINA has over 100 million registered users worldwide. SINA was recognized by Southern Weekend as the "Chinese Language Media of the Year" for 2003. SINA owns SINA Weibo, a sort of Facebook–Twitter social network hybrid all rolled into one, which has 56.5 percent of the
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000 Incr $2,400 subtract (-) Investments 138,000 114,000 Incr $24,000 Plant assets 270,000 242,500 Incr $27,500 Less: Accumulated depreciation (50,000) (52,000) Decr $2,000 Total $ 682,500 $ 514,750 Liabilities and Stockholders’ Equity: Accounts Payable $ 112,000 $ 67,300 Incr $44,700 add (+) Accrued expenses payable 16,500 17,000 Decr $500 subtract (-) Bonds payable 110,000 150,000 Decr $40,000 Common stock
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period from Balance Sheet) - Increase in CURRENT Asset accounts other than cash (calculate the difference between this period and last period from Balance Sheet) + Increase in CURRENT Liabilities accounts (calculate the difference between this period and last period from Balance Sheet) - Decrease in CURRENT Liabilities accounts (calculate the difference between this period and last period from Balance Sheet) + Loss on Disposal of PPE/Fixed Assets used in normal operations (From Income St.) - Gain
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COMPREHENSIVE PROBLEM: CHAPTERS 2 TO 4 Julie Molony opened Julie’s Maids Cleaning Service Inc. on July 1, 2008. During July, the company completed the following transactions. July 1 Issued $14,000 of common stock for $14,000 cash. 1 Purchased a used truck for $10,000, paying $3,000 cash and the balance on account. 3 Purchased cleaning supplies for $800 on account. 5 Paid $1,800 on a one-year insurance policy, effective July 1. 12 Billed customers $3,800 for cleaning services. 18 Paid $1,000
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2012 | Assets | Cash | | | | | $ 27,280 | | Accounts Receivable | | | | | 88,040 | | Total Assets | | | | | $ 115,320 | | Liabilities and Stockholders' Equity | Liabilities | | | | | | | | | | | | $ 80,600 | | Stockholders' Equity | | | | | | | | | | | | 34,720 | | Total Liabilities and Stockholders' Equity | | | | | $ 115,320 | | | | | | E 1-5 a. Gabelli Corporation was formed on January 1, 2012. At December 31
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Final Project SUO BUS 3101 Week 6 Assignment 2 Linda Taylor February 15, 2013 Instructor Donna Whitaker Abstract This paper is a comprehensive strategic plan for a floating fishing pliers manufacturing company that is made using an extrusion process. Included will be a mission statement, a resource needs assessment, business goal, measurable and observable objectives, the hardware, software and facility resource requirement, training
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Kudler Fine Foods Needs an Accounting System David Epperson BSA/310 October 30, 2012 Larry Valenzuela Kudler Fine Foods Needs an Accounting System For Kudler Fine Foods, it is important that an accounting system be tied into every department and included within all of the information systems the company uses. Kudler Fine Foods hired a consulting firm to “assist in the selection and installation of a comprehensive Retail Enterprise Management System (REMS)”, according to the Kudler Fine
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varying degrees. The key economic influences affecting Riordan Manufacturing are real GDP growth, inflation, labor cost, interest rates, global monetary values, and fuel prices. These economic influences have an effect on the operational cost and liabilities of Riordan Manufacturing. Tax rates, environmental regulation, customs regulations, and employment regulations are some key government influences that affect Riordan's operational cost and income taxes paid. Riordan is a multi-national corporation
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45,600 60,200 182,480 Total assets $224,820 Liabilities and Stockholders’ Equity Current Liabilities Note payable $13,600 Insurance expense 780 Interest expense 2,600 Accounts payable 9,500 Interest payable 3,600 Total Current Liabilities $16,480 Long-term Liabilities Notes payable 93,600 Total Long-term Liabilities 93,600 Stockholder’s equity Common stock 60,000 Retained
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Days in inventory + Days in A/R – Days in A/P Liquidity ratios: Indicate ability of the firm to meet short-term obligations Working Capital: Current Assets – Current Liabilities Current Ratio: Current Assets Current Liabilities Quick Ratio: Cash + Receivables + S/T Investments Current Liabilities Defensive Interval Ratio: Cash + S/T investments + A/R (COGS + SG&A + R&D)/365 This ratio provides a measure of a firm’s ability to operate using its available
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