Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
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Textbook Question
Chapter 15, Problem 6AT
a. Use the following financial information to prepare a balance sheet with vertical analysis as of October 31, 2014, for Sticks & Stones Builders Mart: cash. $45,260; accounts receivable. $267,580; merchandise inventory. $213,200; prepaid expenses. $13,400; supplies, $5,300; land. $87,600; building. $237,200; equipment, $85,630; vehicles. $54,700; computers. $31,100; investments, $53,100; accounts payable. $43,200; salaries payable. $16,500; notes payable (6-month), $102,400; mortgage payable. $124,300; notes payable (3-year), $200,000; common stock. $422,000; and retained earnings. $185,670.
Sticks & Stones Builders Mart
Balance Sheet
As of October 31,2014
b. The following financial information is for Sticks & Stones Builders Mart as of October 31,2015. Prepare a comparative balance sheet with horizontal analysis for 2014 and 2015: cash. $47,870; accounts receivable. $251,400; merchandise inventory. $223,290; prepaid expenses, $8,500; supplies. $6,430; land. $87,600; building. $234,500; equipment, $88,960; vehicles. $68,800; computers. $33,270; investments, $55,640; accounts payable. $48,700; salaries payable. $9,780; notes payable (6-month). $96,700; mortgage payable. $121,540; notes payable (3-year). $190,000; common stock. $450,000; and retained earnings. $189,540.
Sticks & Stones Builders Mart
Comparative Balance Sheet
As of October 31, 2014 and 2015
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Chapter 15 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 15.I - Use the following financial information to prepare...Ch. 15.I - Prob. 2TIECh. 15.I - Prob. 3TIECh. 15.I - Prob. 1RECh. 15.I - Prob. 2RECh. 15.I - Prob. 3RECh. 15.I - Prob. 4RECh. 15.I - Prob. 5RECh. 15.I - Prob. 6RECh. 15.I - Calculate the following values according to the...
Ch. 15.I - Prob. 8RECh. 15.I - Calculate the missing balance sheet items for...Ch. 15.I - Prob. 10RECh. 15.I - Prob. 11RECh. 15.I - Prob. 12RECh. 15.I - Prob. 13RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 16RECh. 15.I - Prob. 17RECh. 15.I - Prob. 18RECh. 15.I - Prob. 19RECh. 15.I - Prob. 20RECh. 15.I - Prob. 21RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 23RECh. 15.I - Prob. 24RECh. 15.I - Prob. 25RECh. 15.I - For the following balance sheet items, check the...Ch. 15.I - Prob. 27RECh. 15.I - Prob. 28RECh. 15.I - Prob. 29RECh. 15.I - Prob. 30RECh. 15.I - Prob. 31RECh. 15.I - Prob. 32RECh. 15.I - Prob. 33RECh. 15.I - Prepare the following statements on separate...Ch. 15.I - a. Use the following financial information to...Ch. 15.II - Prob. 4TIECh. 15.II - Prob. 5TIECh. 15.II - Prob. 6TIECh. 15.II - Prob. 1RECh. 15.II - Prob. 2RECh. 15.II - Prob. 3RECh. 15.II - Prob. 4RECh. 15.II - Calculate the missing information based on the...Ch. 15.II - Prob. 6RECh. 15.II - Prob. 7RECh. 15.II - Prob. 8RECh. 15.II - Prob. 9RECh. 15.II - Prob. 10RECh. 15.II - Prob. 11RECh. 15.II - 12. For the third quarter. Micro Tech had gross...Ch. 15.II - For August, Island Traders, Inc. had the following...Ch. 15.II - Prepare the following statements on separate...Ch. 15.II - Prepare the following statements on separate...Ch. 15.III - Use the balance sheet and income statement on...Ch. 15.III - Prob. 8TIECh. 15.III - Prob. 1RECh. 15.III - Prob. 2RECh. 15.III - Prob. 3RECh. 15.III - Prob. 4RECh. 15.III - Prob. 5RECh. 15.III - Prob. 6RECh. 15.III - Prob. 7RECh. 15.III - Prob. 8RECh. 15.III - Prob. 9RECh. 15.III - Prob. 10RECh. 15.III - Prob. 11RECh. 15.III - Prob. 12RECh. 15.III - Prob. 13RECh. 15.III - Prob. 14RECh. 15.III - Calculate the average inventory and inventory...Ch. 15.III - Prob. 16RECh. 15.III - Prob. 17RECh. 15.III - Prob. 18RECh. 15.III - Prob. 19RECh. 15.III - Prob. 20RECh. 15.III - Prob. 21RECh. 15.III - Prob. 22RECh. 15.III - Prob. 23RECh. 15.III - Prob. 24RECh. 15.III - Calculate the gross and net profits and the two...Ch. 15.III - Prob. 26RECh. 15.III - Prob. 27RECh. 15.III - Prob. 28RECh. 15.III - Prob. 29RECh. 15.III - Prob. 30RECh. 15.III - Prob. 31RECh. 15.III - Prob. 32RECh. 15.III - Prob. 33RECh. 15 - 1. In accounting, economic resources owned by a...Ch. 15 - 2. The financial statement that illustrates the...Ch. 15 - 3. The balance sheet is a visual presentation of...Ch. 15 - Prob. 4CRCh. 15 - 5. A financial statement prepared with the data...Ch. 15 - Prob. 6CRCh. 15 - Prob. 7CRCh. 15 - Prob. 8CRCh. 15 - Prob. 9CRCh. 15 - Prob. 10CRCh. 15 - Prob. 11CRCh. 15 - Prob. 12CRCh. 15 - Prob. 13CRCh. 15 - Prob. 14CRCh. 15 - Prob. 1ATCh. 15 - Prob. 2ATCh. 15 - Prob. 3ATCh. 15 - Prob. 4ATCh. 15 - a. Use the following financial information to...Ch. 15 - a. Use the following financial information to...Ch. 15 - For the second quarter. Evergreen Plant Nursery...Ch. 15 - 8. For the month of January. Consolidated Engine...Ch. 15 - Prob. 9ATCh. 15 - a. Use the following financial information to...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - As the accounting manager of Spring Creek...Ch. 15 - Prob. 22ATCh. 15 - Prob. 23ATCh. 15 - 24. From the following consolidated statements of...
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