These items are taken from the financial statements of longhorn co. at december 31, 2017. buildings $105,800 accounts receivable 12,600 prepaid insurance 3,200 cash 11,840 equipment 82,400 land 61,200 insurance expense 780 depreciation expense 5,300 interest expense 2,600 common stock 60,000 retained earnings (january 1, 2017) 40,000 accumulated depreciation—buildings 45,600 accounts payable 9,500 notes payable 93,600 accumulated depreciation—equipment 18,720 interest payable 3,600 service revenue 14,700 prepare a classified balance sheet. assume that $13,600 of the note payable will be paid in 2018.

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

In macroeconomics, to study the aggregate means to study blank