Finance
BUS: 203 Essentials of Finance
Homework Assignment
4-1. case B
You are interviewing for an entry-level financial analyst position with Zeppelin Associates. Monte Rutledge, the senior partner, wants to be sure all the people he hires are very familiar with basic accounting principles. Month and day reference are for the current year.
Revenues 110,000 70,000 210,000
Expenses 70,000 + 40,000 - 100,000
Net Income 40,000 110,000 110,000
Retained Earnings (1/1) 100,000
Dividends Paid 30,000 110,000 410,000
Retained Earnings (12/31) 110,000 -100,000 -180,000
Current Assets (12/31) 230,000 10,000 230,000
Noncurrent Assets (12/31) 180,000 +30,000
Total Assets (12/31) 410,000 40,000
Current Liabilities (12/31) 60,000
Noncurrent Liabilities (12/31) 140,000 200,000 410,000
Total Liabilities (12/31) 200,000 -60,000 -210,000
CS & Capital in Excess of Par (12/31) 100,000 140,000 200,000
Total Stockholders’ Equity (12/31) 210,000
4-2. case B
Sales
Homework Assignment
4-1. case B
You are interviewing for an entry-level financial analyst position with Zeppelin Associates. Monte Rutledge, the senior partner, wants to be sure all the people he hires are very familiar with basic accounting principles. Month and day reference are for the current year.
Revenues 110,000 70,000 210,000
Expenses 70,000 + 40,000 - 100,000
Net Income 40,000 110,000 110,000
Retained Earnings (1/1) 100,000
Dividends Paid 30,000 110,000 410,000
Retained Earnings (12/31) 110,000 -100,000 -180,000
Current Assets (12/31) 230,000 10,000 230,000
Noncurrent Assets (12/31) 180,000 +30,000
Total Assets (12/31) 410,000 40,000
Current Liabilities (12/31) 60,000
Noncurrent Liabilities (12/31) 140,000 200,000 410,000
Total Liabilities (12/31) 200,000 -60,000 -210,000
CS & Capital in Excess of Par (12/31) 100,000 140,000 200,000
Total Stockholders’ Equity (12/31) 210,000
4-2. case B
Sales