Business, 12.01.2021 17:40 ktprada

Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2019 and 2020 Partial Balance Sheets

Assets Liabilities and Ownersâ€™ Equity
2019 2020 2019 2020
Current assets $1,178 $1,263 Current liabilities $526 $572
Net fixed assets 5,707 6,023 Long-term debt 3,172 3,405

WESTON ENTERPRISES 2019 Income Statement
Sales $15,490
Costs 7,171
Depreciation 1,387
Interest paid 404

Required:
a. What is owners' equity for 2018 and 2019? (Do not round intermediate calculations.)
b. What is the change in net working capital for 2019? (Do not round intermediate calculations.)
c. In 2019, Weston Enterprises purchased $2,544 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.)
d. In 2019, Weston Enterprises purchased $2,544 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 24 percent. (Do not round intermediate calculations.)
e. During 2019, Weston Enterprises raised $524 in new long-term debt. How much long-term debt must Weston Enterprises have paid off during the year? (Do not round intermediate calculations.)
f. During 2019, Weston Enterprises raised $524 in new long-term debt. What is the cash flow to creditors?

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Answer from: samueltaye

Weston Enterprises

a. 2018 2019

Owners' equity $3,187 $3,309

b. Change in net working capital for 2019 is $39.

c. The company sold $841 in fixed assets.

d. The cash flow from assets = ($2,544) + $841 = ($1,703)

e. Long-term debt paid off = $291.

f. The cash flow to creditors = 478 ($524 - 46).

Explanation:

Data and Calculations:

WESTON ENTERPRISES 2018 and 2019 Partial Balance Sheets

Assets Liabilities and Owners' Equity

2018 2019 2018 2019

Current assets $1,178 $1,263 Current liabilities $526 $572

Net fixed assets 5,707 6,023 Long-term debt 3,172 3,405

Owners' equity 3,187 3,309

Total $6,885 $7,286 Total $6,885 $7,286

WESTON ENTERPRISES 2019 Income Statement

Sales $15,490

Costs 7,171

Depreciation 1,387

Interest paid 404

2018 2019 Change

Current assets $1,178 $1,263 $85

Current liabilities $526 $572 46

Net working capital $652 $691 $39

Fixed assets:

Beginning balance 5,707

Additional purchase 2,544

Less depreciation 1,387

Balance after depre. 6,864

Ending balance 6,023

Asset sold 841

Long-term debt

Beginning balance 3,172

Additional debt 524

Debt paid off (291)

Ending balance 3,405

Answer from: Quest

prokaryotic cells do not contain a nucleus or any other membrane-bound organelle. eukaryotic cells contain membrane-bound organelles, including a nucleus. so i belive the answer is a : p hope it

Answer from: Quest

answer; tech (a) is correct;

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Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES...

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