The comparative balance sheets of marin inc. at the beginning and the end of the year 2020 are as follows. marin inc. balance sheets dec. 31, 2020 jan. 1, 2020 inc./dec. assets cash $ 48,850 $ 16,850 $32,000 inc. accounts receivable 95,910 89,060 6,850 inc. equipment 43,910 23,060 20,850 inc. less: accumulated depreciation-equipment 21,910 11,000 10,910 inc. total $166,760 $117,970 liabilities and stockholders’ equity accounts payable $ 24,910 $ 16,060 8,850 inc. common stock 103,850 81,060 22,790 inc. retained earnings 38,000 20,850 17,150 inc. total $166,760 $117,970 net income of $48,910 was reported, and dividends of $31,760 were paid in 2020. new equipment was purchased and none was sold. prepare a statement of cash flows for the year 2020.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%

Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?