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Place your first and last name, student ID and the date of your worksheet completion in the spaces below.

The fourth pair of columns on a 10-column work sheet prepared at the end of the period would be the

13. Use the following data to determine the total dollar amount of assets to be classified as property, plant, and equipment. Eddy Auto Supplies Balance Sheet December 31, 2014 Cash $84,000 Accounts payable $110,000 Accounts receivable $80,000 Salaries and wages payable $20,000 Inventory $140,000 Mortgage payable $180,000 Prepaid insurance $60,000 Total liabilities $310,000 Stock investments $170,000 Land $190,000 Buildings $226,000 Common stock $240,000 Less: Accumulated Retained earnings $500,000 depreciation ($40,000) $186,000 Total

| (TCO 1) The Accounting Equation is used to develop the organization's financial reports. (1) Describe what assets value would be if Liabilities are $12,000 and Owners' Equity is $50,000 by showing the Accounting Equation (10 points), and (2) provide an example of two asset accounts that could contain the value. (10 points)

Read the “Space Age Furniture Company” case study in Chapter 9 of your text. Answer the following questions: and include any MRP calculations.

year 1 net income would do). Then, its year 2 opening net assets are $276.36,

Again, using my carefully crafted Statement of Activities, I prepared the Statement of Changes in Net Assets. It was relatively easy in that I had already classified my assets by type. Under the temporarily restricted assets, the net assets released from restrictions are the sum of satisfaction of plant acquisition and satisfaction of program restrictions. Increase in Net Assets is the sum of increase/decrease in unrestricted net assets, increase in temporarily restricted net assets and increase in permanently restricted net assets. Net Assets, 12/31/15 is the sum of ending balances given in the exercise and the increase in net assets. Again it was important to check to make sure this tied back to the Statement of Activities and the Statement of Unrestricted Revenues, Expenses and Other Changes in Unrestricted Net Assets.

Use the following data to determine the total dollar amount of assets to be classified as

1. Construct a balance sheet for Sophie’s Sofas given the following data. (Be sure to list the assets andliabilities in order of their liquidity.)

Total current assets of the company shows an ambiguous trend but it shows remarkable increase in some years. During 7 year period from 2007 to 2014, total assets of college grew by only 12%. The main reason for ambiguous trend of total assets is cash and cash equivalents, but it

Chad Thomas needs to make sure daily manufacturing schedules are aligned with the current orders. The fact that the same set of employees and the same set of tools are being used to manufacture both the custom and the standard pieces of furniture is definitely problematic. In order to meet the demands of each product, it is critical that scheduling be created in the most efficient of manners given the current constraints. Allocating all the resources properly is a key along with scheduling and layout. In regards to long term decisions, Mr. Thomas is going to have to decide

23. Assume that you have recently purchased 100 shares in an investment company. Upon examining the balance sheet, you note the firm is reporting $225 million in assets, $30 million in liabilities, and 10 million shares outstanding. What is the Net Asset Value (NAV) of these shares?

For our balance sheet, we began by adding together all of The Body Shop’s assets. This included Cash, Accounts Receivable, Inventories, Other Current Assets, Other Assets and Net Fixed Assets. All Current and Fixed Assets were calculated with percentage-of-sales forecasting. For Liabilities and Shareholders’ Equity,

The last one is the Balance Sheet which tells a person the lists of assets he has, the list of

In the first year, equity is not given. Therefore, we must calculate equity as a plug variable. Since total liabilities & equity is equal to total assets, equity can be calculated as: