Cash and cash equivalents, Dec. 31 prior year-end $37,000 Cash and cash equivalents, Dec. 31 current year-end 104,044
Cash received as interest 3,700
Cash paid for salaries 107,300
Bonds payable retired by issuing common stock (no gain or loss on retirement) 140,000
Cash paid to retire long-term notes payable 185,000
Cash received from sale of equipment 90,650
Cash received in exchange for six-month note payable 37,000
Land purchased by issuing long-term note payable 81,200
Cash paid for store equipment 35,150 Cash dividends paid 22,200
Cash paid for other expenses 59,200
Cash received from customers 717,800
Cash paid for inventory 373,256

Required:
Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31.

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Which stage of group development involves members introducing themselves to each other?