Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Exer.
No.
1-4
1-5
1-6
1-8
1-9
1-10
1-11
1-12
1-13
1-14
1-15
1-16
Chapter 1
Net income $13,400.
Net income $12,901.3.
Ending retained earnings $290,000.
(b) Net income $34,286.
Common stock $30,000; Cost of goods sold $55,000.
(b) Ending retained earnings $27,000; total assets $128,000.
(b) Net income $1,208.
(a) Net increase in cash $18,000.
(a) Net increase in cash $823.
Total assets $79,500.
(b) Total assets $13,249.6; total liabilities $4,556.5.
(c) Dividends $30,000.
(f) Total revenues $140,000.
P1-3A Net income $3,800, Retained earnings $2,400, Total assets, $37,000
P1-4A Net cash provided by operating activities $28,000
P1-5A (b) Total assets $85,000
P1-3B Net income $4,200, Retained earnings $2,600, Total assets $78,000
P1-4B Net cash provided by operating activities $8,000
P1-5B (b) Net income $30,000
BYP 1-1 (e) Decrease in net income $9,125,000
BYP 1-2 Hersheys net income $628,962; Tootsie Rolls net income $43,938
BYP 1-7 Total assets $34,000
Chapter 2
Exer.
No.
2-3
2-4
2-5
2-6
2-7
2-8
2-9
2-10
2-11
Chapter 3
Exer.
No.
3-2
Ending cash $15,000
3-3
Ending cash $56,800
3-4
(b) Stockholders equity increase $23,400.
(c) Net income $5,400.
3-5
Net income $5,400; Total assets $26,200.
3-10 (b) Totals $44,040.
3-11 (a) Total assets $38,300.
3-12 (b) Totals $21,700.
3-13 (b) Totals $18,100.
3-14 (b) Totals $21,200.
3-16 (a) Totals $98,370.
(b) Net income $5,214; Total assets $87,384.
P3-1A (a) Ending cash balance: $34,800; (b) Net income $9,100
P3-2A (a) Ending cash balance: $18,270; (b) Net income $2,170
P3-3A (a) Ending cash balance: $7,150; (b) Net income $2,570
Chapter 4
Exer.
No.
4-4
Accrual basis earnings $34,180.
4-5
(a) Cash basis income $7,600.
4-6
(a) Net income $16,125.
(b) Total assets $36,545.
4-12 Net income $2,040.
4-13 (a) $1,350; (c) $1,760.
4-17 Net income $14,100; Total assets $34,500.
P4-1A (b) Cash received $199,000
P4-2A (b) Ending balances: Prepaid Insurance $2,640, Salaries and Wages Expense $5,250
(c) Adjusted trial balance totals $45,310
P4-3A (b) Ending balances: Prepaid Insurance $1,350, Salaries and Wages Expense $900
(c) Adjusted trial balance totals $114,630; (d) Net income $3,570, Total assets $106,150
P4-4A (b) Net income $2,510, Retained earnings $1,910, Total assets $23,430
P4-6A (b) Net income $33,285
P4-7A (e) Ending balances: Cash $3,840, Salaries and Wages Expense $480
(f) Adjusted trial balance totals $24,680; (g) Net Income $970, Total assets $19,800
P4-8A (e) Ending balances: Cash $5,410, Retained Earnings $3,700
(f) Adjusted trial balance totals $25,880 (g) Net income $4,300, Total assets $21,500
P4-1B (b) Cash received $199,000
P4-2B (b) Ending balances: Prepaid Insurance $3,500, Salaries and Wages Expense $4,480
(c) Adjusted trial balance totals $36,580
P4-3B (b) Ending balances: Prepaid Insurance 3,900, Salaries and Wages Expense $53,600
(c) Adjusted trial balance totals $318,750; (d) Net income 10,850, Total assets $236,350
P4-4B (b) Net income $38,810, Retained earnings $34,310, Total assets $68,790
P4-6B (b) Net income $28,190
P4-7B (e) Ending balances: Cash $2,420, Salaries and Wages Expense $6,140
(f) Adjusted trial balance totals $27,990; (g) Net loss ($1,040), Total assets $19,300
P4-8B (e) Ending balances: Cash $6,200, Retained Earnings $1,650
(f) Adjusted trial balance totals $29,430 (g) Net income $2,550, Total assets $22,730
CCC4 (e) Adjusted trial balance totals $8,804
BYP 4-6 (a) Net income $16,790
BYP 4-9 Total assets $15,350
Exer.
No.
5-1
5-3
5-4
5-5
5-6
5-7
5-8
5-9
5-10
5-11
5-13
Chapter 5
(a) (5) Cash paid $23,912.
(a) (3) Cash received $ 470,250.
(a) Cash paid (June 19) $8,148.
Net sales $864,500.
(a) Net income $14,250.
(b) Profit margin -Yanik 14%;
Gross profit rate- Nunez 40%.
(a) Net income $63,500.
(a) Net income $535.
Cost of goods sold $154,700.
(b) $1,550, (d) $40, (f) $120,
(h) $640, (j) $5,000, (l) $44,530.
(a) (5) Cash paid $22,932.
Exer.
No.
6-1
6-2
6-4
6-5
6-7
6-8
6-9
6-10
6-11
6-12
6-13
6-14
6-15
Chapter 6
Correct inventory $309,000.
Correct inventory $558,000.
Cost of goods sold: FIFO $10,515; LIFO $10,596.
(a) $729; (b) $767;(c) $746.36.
(a) Cost of goods sold: FIFO $2,640; LIFO $2,960; Average $2,813.
(a) LIFO Net income $14,700; (b) FIFO Net cash provided $28,000.
Total LCM $4,373.
2013: Inventory turnover 8.5; Gross profit rate 52.9%.
(a) Inventory turnover 5.98.
(b) Adjusted current ratio 2.53:1.
(a) Ending inventory: FIFO $1,580; LIFO $1,450; Moving average $1,528.
(a) FIFO $2,620; LIFO $2,596; Average $2,607.
2014 Cost of goods sold $161,000.
(a) 2014 Gross profit $71,000.
P6-8A (a) Ending Inventory: LIFO $1,500, FIFO $1,875, Moving average $1,773
P6-9A Ending inventory: FIFO $213, Moving average $207, LIFO $195
P6-2B (a) Cost of goods available for sale $77,100
(b) Ending inventory: FIFO $35,000 LIFO $20,600 Average cost $28,625
P6-3B (a) Cost of goods available for sale $18,900
(b) Ending inventory: FIFO $4,400, LIFO $2,950, Average cost $3,619
P6-4B Net income FIFO $189,735, LIFO $185,885
P6-5B Gross profit: LIFO $2,250, FIFO $2,570, Average cost $2,420
P6-6B (b) Gross profit: FIFO $174,000, LIFO $167,400
P6-7B (a) Inventory turnover 13.0 (c) Current ratio 1.10:1
P6-8B (a) Ending inventory: LIFO $1,625, FIFO $2,255, Moving average $2,017
P6-9B (a) Ending inventory: FIFO $1,428, Moving average $1,381, LIFO $1,318
CP (b) Ending balances: Inventory $2,342, Cost of Goods Sold $4,098
(c) Adjusted trial balance totals $41,055
(d) Net income $767, Total assets $34,262
(e) Ending inventory: FIFO $2,336, LIFO $1,800
BYP 6-1 (b) Percentage increase in inventories 26.7%
BYP 6-2 (a) Tootsie Roll days in inventory: 64.0 days
BYP 6-4 (c) 2014 Days in inventory: 93.6
BYP 6-6 (a) Inventory turnover2014: 7.5, Days in inventory2013: 45.1
Chapter 7
Exer.
No.
7-6
7-7
7-8
7-9
7-10
7-11
7-12
7-14
7-15
7-16
P7-3A
P7-4A
P7-5A
P7-6A
P7-7A
Chapter 8
Exer.
No.
8-1
8-2
8-3
8-4
8-5
8-6
8-7
8-8
8-9
8-11
8-13
8-15
8-16
8-17
BYP 8-2 (a) (2) Hershey average collection period 27.4 days
BYP 8-4 (a) Accounts receivable turnover 11.7
BYP 8-6 (a) 2014: Total expenses as a percentage of net credit sales 3.8%
2014: Net expenses as a percentage of net sales 4.3%
Chapter 9
Exer.
No.
9-3
9-5
9-6
9-7
9-8
9-10
9-11
9-12
9-13
9-14
9-17
9-18
9-19
(a) $93,600.
2014 depreciation $2,562.50.
(a) Building $13,375; Warehouse $6,227.
(b) $11,000 gain.
(c) $6,000 loss.
June 30 loss $1,000.
(a) 1.42.
(a) Return on assets-with 8%.
(a) Return on assets 6.2%.
Amort. Exp.-Patent $11,250.
Amort. Exp.-Patent $56,000;
Amort. Exp.-Franchise $30,000.
Net income (15-year) $102,000.
(a) $.575 per mile.
(b) 2015 depr. expense $29,900.
(a) 2015 depreciation $21,093.75.
(b) Depreciation $4,563.
Exer.
No.
10-1
10-2
10-3
10-4
10-5
10-6
10-7
10-8
10-9
10-10
10-11
10-13
10-14
10-15
10-16
10-17
10-18
10-20
10-21
10-22
10-23
10-24
10-25
Chapter 10
(c) $700.
(a) $18,000.
(d) $2,400.
Sales taxes pay.-Crystal $780.
(a) Salaries and wages payable $48,104.
(b) 11 games.
(b) $14,700.
(c) $44,100.
(b) Interest expense $17,500.
(b) Interest expense $24,000.
(b) $610,800.
(b) $488,000.
(b) Interest expense $28,000.
(a) Loss $14,900.
(b) Gain $17,400.
(b) Total long-term liab. $10,158.7.
(a) 2. 1.14:1; 4. 14.71.
(b) 2.28.
(b) 1.58:1.
(b) Interest expense $29,500.
(b) Interest expense $24,800.
(b) Interest expense $28,858.
(b) Interest expense $24,478.
First install. interest $8,400;
Second install. interest $8,223.
Reduction of principal $3,137.
Chapter 11
Exer.
No.
11-1
11-3
11-4
11-6
11-7
11-8
11-9
11-10
11-11
11-12
11-13
11-14
11-15
11-16
P11-1A (b) Preferred Stock $750,000, Paid-in Capital in Excess of Par Value - Preferred Stock
$54,000; (c) Total paid-in capital $1,829,000
P11-2A (b) Common Stock $1,020,000, Paid-in Capital in Excess of Stated Value - Common
Stock $490,000; (c) Total stockholders equity $2,600,500
P11-3A Total stockholders equity $23,153,000
Exer.
No.
12-4
12-5
12-6
12-7
12-8
12-9
12-10
12-11
12-12
12-13
12-14
12-15
Chapter 12
Net cash provided $228,000.
Net cash provided $191,000.
Net cash provided $427,900.
Net cash provided $108,000.
(a) Net cash provided $133,000.
(a) PepsiCo. .77 times.
(b) Coca-Cola .38 times.
(a) Patton 1.6 times.
(b) Sager 0.40 times.
Net cash provided $78,000.
(a) $5,157.1; (b) $9,351.9.
Net cash provided $61,000.
Net cash provided $88,600.
Rent $31,500; Receipts from customers $169,000.
Exer.
No.
13-1
13-2
13-3
13-4
13-5
13-6
13-7
Chapter 13
Net income $289,000.
(e) 75,514,706.
Total assets increase 15.0%.
Net income: 2013, 8.0%; 2014, 8.8%.
(a) Total assets increase 6.5%.
(b) Current assets 73.5%.
(a) Net income increase 13.9%.
(b) Net income-2014 6.8%.
Current cash debt .69; Accounts receivable turnover 4.2; Inventory turnover 5.9.
13-8
13-9
13-10
13-11
13-12
13-13
P13-1A (a) King Company: Income from operations as a percent of sales 32.1%, Net income as
a percent of sales 26.3%
P13-2A (a) Earnings per share $3.69; (c) Return on assets 23.2%; (e) Accounts receivable
turnover 17.1 times (i) Times interest earned 15.1 times
P13-3A (a) 2014 Profit margin 13.6%, Price-earnings ratio 2.8 times, Debt to assets 32%
P13-4A (a) 2014: Current ratio 1.76, Inventory turnover 3.2 times, Profit margin 5.9%, Earnings
per share $2.60
P13-5A (a) Target: Current ratio 1.63:1, Asset turnover 1.5, Times interest earned 6.5
P13-1B (a) Gerald Company: Income from operations as a percent of sales 23.8%, Net income
as a percent of sales 18.5%
P13-2B (a) Earnings per share $8.51; (c) Return on assets 16.7%; (e) Accounts receivable
turnover 8.2 times; (i) Times interest earned 16.4 times
P13-3B (a) 2014 Profit margin 14.5%, Price-earnings ratio 0.94 times, Debt to assets 28%
P13-4B (a) 2014: Current ratio 2.03:1, Inventory turnover 1.86 times, Profit margin 12.4%,
Earnings per share $1.30
P13-5B (a) Ritter: Current ratio 2.83:1, Asset turnover 1.7, Times interest earned 598.1
BYP 13-1 (a) 2011 (1) Net sales trend 107% of base year; (b) (1) 2011 debt to assets 22%
BYP 13-2 (a) Tootsie Roll: (1) Percentage increase in net sales 2.2%, (2) Percentage increase in
total assets 0.0%
BYP13-5 (a) Coca-Cola: Current ratio 1.28:1, Accounts receivable turnover 9.1 times; (b) Times
interest earned 26.0 times; (c) Return on assets 15.3%
Appendix D
Exer.
No.
D-1
D-4
D-5
D-8
D-11
D-13
D-15
D-16
D-19
D-21
D-23
(b) $14,366,88.
$981,075.42.
$37,800.33.
(b) $125,605.76.
$467,084.70.
Present value of interest $183,469.45.
Present value of interest $17,751.86.
Present value of bonds $2,459,105.
$105,169.42.
12 years.
8 payments.
Exer.
No.
E-1
E-2
E-3
E-4
E-5
E-6
E-7
E-8
Appendix E
(a) Gain on sale $2,000.
(a) Gain on sale $1,900.
Gain on sale $2,800.
(b) $225,000.
(a) Unrealized gain $72,000.
(a) Unrealized loss $4,800.
(a) Unrealized loss $4,800.
(a) Unrealized gain-income $12,000.