Questions and Answers of Financial Accounting Information For Decisions

The diagram shows part of the graph of y = (1 – x) (x – 2) (x + 1)Use the graph to solve each of the following inequalities.a. (1 – x) (x – 2) (x + 1) ≤ - 3.b. (1 – x) (x – 2) (x + 1)
Solve the equation 2x2/3 – 7x1/3 + 6 = 0.
Solve the inequality |x| > |3x – 2|.
a. Solve the equation x2 – 6|x| + 8 = 0.b. Use graphing software to draw the graph of f(x) = x2 – 6|x| + 8.c. Use your graph in part b to find the range of the function f.
a. Solve |2x – 3| ≤ x – 1b. |5 + x| > 7 – 2xc. |x – 2| - 3x ≤ 1
Sketch each of these curves and indicate clearly the axis intercepts.a. y = x2(x + 2)b. y = x2(5 – 2x)c. y = (x +1)2 (x-2)d. y = (x – 2)2 (10 – 3x)
The curve y = √x and the line 5y = x + 4 intersect at the points P and Q.a. Write down an equation satisfied by the x-coordinates of P and Q.b. Solve your equation in part a and hence find the
Solve the inequality |x – 1| ≤ |x + 2|.
Solve the equation |x + 1| + |2x – 3| = 8.
Solve.a. |2x – 1| ≤ |3x|b. |x + 1| > |x|c. |x| > |3x – 2|d. |4x + 3| > |x|e. |x + 3| ≥ |2x|f. |2x| < |x – 3|
Sketch each of these curves and indicate clearly the axis intercepts.a. y = |(x + 1) (x – 2) (x – 3)|b. y = |2(5 – 2x) (x + 1) (x + 2)|c. y = |x(9 – x2)|d. y = |3(x – 1)2 (x + 1)|
Solve.a. 22x – 6(2x) + 8 = 0b. 32x – 10(3x) + 9 = 0c. 2(22x) – 9 (2x) + 4 = 0d. 32x+1 – 28(3x) + 9 = 0e. 22x+2 – 33(2x) + 8 = 0f. 32x+2 + 3(3x) – 2 = 0
Solve the inequality |x + 2| < |1/2x – 1|.
Solve the simultaneous equation y = |x – 5| and y = |3 – 2x| + 2.
Solve.a. |x + 1| > |x – 4|b. |x – 2| ≥ |x + 5|c. |x + 1| ≤ |3x + 5|d. |2x + 3| ≤ |x – 3|e. |x + 2| < |1/2x – 5|f. |3x – 2| ≥ |x + 4|
Factorise each of these functions and then sketch the graph of each function indicating clearly the axi intercepts.a. y = 9x – x3b. y = x3 + 4x2 + x – 6c. y = 2x3 + x2 – 25x + 12d. y = 2x3 +
Solve the inequality |x + 3k| < 4|x – k| where k is a positive constant.
The diagram shows the graph of y = k(x – a)2 (x – b).Find the values of a, b and k. -i 2.
Sketch the graph of y = 2(2x – 1) (x – 3) (x + 1), showing clearly the points at which the curve meets the coordinate axes.
Solve |3x + 2| + |3X – 2| ≤ 8.
The diagram shows the graph of y = |k(x – a) (x – b) (x – c)| where a < b < c.Find the values of a, b, c and k. 8- 4- -2-
The diagram shows part of the graph of y = 2(x + 1) (x – 1) (2 – x).Use the graph to solve the inequality (x +1) (x – 1) (2 – x) > - 1. 2- y =2 (x+ 1) (x- 1) (2 - x) -1 -3 -1
a. Sketch the graph of y = (x – 4) (x – 1) (x + 2), showing clearly the points at which, the curve meets the coordinate axes.b. Hence sketch the curve y = |(x – 4) (x – 1) (x + 2)|.
a. Factorise completely x3 + x2 - 6x.b. Hence sketch the curve with equation y = x3 + x2 – 6x, showing clearly the points at which, the curve meets the coordinate axes.
a. On the same axes sketches the graphs of y = (x – 3) (x + 1)2 and y = 6/x, showing clearly the points at which, the curves meet the coordinate axes.b. Hence state the number of real roots of the
a. Factorise completely 2x3 + x2 – 25x + 12.b. Hence sketch the curve with equation y = 2x3 – x2 – 25x + 12, showing clearly the points at which, the curve meets the coordinate axes.
a. On the same axes sketch the graphs of y = x2(6 -x) and y = 4x(4 – x), showing the points at which the curves meet the coordinate axes.b. Use algebra to find the coordinates of the points where
F(x) = 2x and g(x) = 4x2 + 7x. Solve gf(x) = 2.
Solve the inequality |x + 2k| > |x – k| where k is a positive constant.
Solve the equation 2|3x + 4y – 2| + 3√25 – 5x + 2y = 0.
Solve.a. 2|x – 3| > |3x + 1|b. 3|x – 1| < |2x + 1|c. |2x – 5 ≤ 3|2x + 1|
a. On the same axes sketch the graphs of y = x(x – 5) (x – 7) and y = x(7 – x), showing clearly the points at which the curves meet the coordinate axes.b. Use algebra to find the coordinates of
F(x) = x3 – 2 and g(x) = x2 – 5x. Solve gf(x) = 6.
a. Solve the equation |x – 13| = 14.b. Hence solve the equation |y3 – 13| = 14.
Solve the inequality |x + 2k| ≥ |x – 3k| where k is a positive constant.
a. On the same axes sketch the graphs of y = (2x – 1) (x + 2) (x + 1) and y = (x + 1) ( 4 – x), showing clearly the points at which the curves meet the coordinate axes.b. Use algebra to find the
F(x) = x2 + 3x and g(x) = x2 – 4x. Solve gf(x) = 0.
Sketch the graph of y = x(3 – 2x) (x – 4), showing clearly the points at which the curve meets the coordinate axes.
Use Apple’s financial statements in Appendix A to answer the following. 1. Using fiscal 2016 as the base year, compute trend percents for fiscal years 2016, 2017, and 2018 for net sales, cost
On January 1, MM Co. borrows $340,000 cash from a bank and in return signs an 8% installment note for five annual payments of $85,155 each.1. Prepare the journal entry to record issuance of the
Refer to the information in Exercise 12-12. Using the direct method, prepare the statement of cash flows for the year ended June 30, 2020. Hint: Prepaid Expenses and Wages Payable relate to Operating
Revo Co. reports average total assets of $200,000, revenue of $90,000, net income of $30,000, and cash flow from operations of $38,000.1. Compute its cash flow on total assets.2. Is Revo’s cash
The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year.1. Prepare a complete statement of cash flows for the current year
Bioware Co. reports cost of goods sold of $42,000. Its comparative balance sheet shows that inventory decreased $7,000 and accounts payable increased $5,000. Compute cash payments to suppliers using
Refer to the data in QS 12-7.1. How much cash is received from sales to customers for year 2020?2. What is the net increase or decrease in the Cash account for year 2020?QS 12-7. CRUZ, INC.
Refer to the data in QS 12-7.1. How much cash is paid to acquire inventory during year 2020?2. How much cash is paid for operating expenses (excluding depreciation) during year 2020? QS 12-7.
Refer to the data in QS 12-7.Use the direct method to prepare the operating activities section of Cruz’s statement of cash flows.QS 12-7. CRUZ, INC. Comparative Balance Sheets At December 31 2020
Identify whether each of the following items are included as part of general-purpose financial statements. a. Income statement b. Balance sheetc. Shareholders’ meetings d. Financial
Selected comparative financial statements of Haroun Company follow.Required1. Compute trend percents for all components of both statements using 2014 as the base year. Round percents to one decimal.
Selected comparative financial statements of Tripoly Company follow.Required1. Compute trend percents for all components of both statements using 2014 as the base year. Round percents to one decimal.
Use the following selected data from Business Solutions’s income statement for the three months ended March 31, 2021, and from its March 31, 2021, balance sheet to complete the
As Beacon Company controller, you are responsible for informing the board of directors about its financial activities. At the board meeting, you present the following information.After the meeting,
Selected comparative financial statements of Korbin Company follow.Required1. Compute each year’s current ratio. Round ratios to one decimal.2. Express the income statement data in common-size
Selected comparative financial statement information of Bluegrass Corporation follows.Required1. Compute each year’s current ratio. Round ratios to one decimal. 2. Express the income statement
Key figures for Apple and Google follow.Required1. Compute common-size percents for each company using the data given. Round percents to one decimal.2. If Google paid a dividend, would retained
In the current year, Aveeno reported net income of $50,400, which was a 12% increase over prior year net income. Compute prior year net income.
Compute trend percents for the following accounts using 2016 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or
Key figures for Samsung follow (in ₩ millions).Required1. Compute common-size percents for Samsung using the data given. Round percents to one decimal.2. What is Samsung’s gross margin ratio on
Access the February 22, 2019, filing of the December 31, 2018, 10-K report of The Hershey Company (ticker: HSY) at SEC.gov and complete the following requirements. RequiredCompute or identify
Assume that Carla Harris of Morgan Stanley (MorganStanley.com) has impressed you with the company’s success and its commitment to ethical behavior. You learn of a staff opening at Morgan Stanley
Use the following information to determine the prior-year and current-year trend percents for net sales using the prior year as the base year. $ thousands Current Yr Prior Yr Net sales..... $801,810
Simon Company’s year-end balance sheets follow. (1) Express the balance sheets in common-size percents. Round percents to one decimal. (2) Assuming annual sales have not changed in the
Refer to the information in QS 13-6. Determine the prior-year and current-year common-size percents for cost of goods sold using net sales as the base.QS 13-6.Use the following information to
On January 1, 5G Co. reported current assets of $72,000 and current liabilities of $60,000. Compute total current assets, total current liabilities, and the current ratio at January 1 and after each
Refer to the Simon Company information in Exercise 13-6. The company’s income statements for the current year and one year ago follow. Assume that all sales are on credit and then compute (1)
At its prior year-end, VPN Co. reported current assets of $60,000 and current liabilities of $55,000. Determine how each of the following transactions would increase, decrease, or have no effect on
Mifflin Co. reported the following for the current year: net sales of $60,000; cost of goods sold of $38,000; beginning balance in accounts receivable of $14,000; and ending balance in accounts
SCC Co. reported the following for the current year: net sales of $48,000; cost of goods sold of $40,000; beginning balance in inventory of $2,000; and ending balance in inventory of $8,000.
Nintendo Company, Ltd., recently reported the following financial information (amounts in millions). Compute Nintendo’s current ratio and profit margin. Round to two decimals. Current assets.... $
Refer to Apple’s financial statements in Appendix A. Compute its profit margin for the years ended September 29, 2018, and September 30, 2017.
Edison Co. reported the following for the current year: net sales of $80,000; cost of goods sold of $56,000; net income of $16,000; beginning balance of total assets of $60,000; and ending balance of
Refer to Google’s financial statements in Appendix A to compute its equity ratio as of December 31, 2018, and December 31, 2017.
Franklin Co. reported the following year-end data: net income of $220,000; annual cash dividends per share of $3; market price per (common) share of $150; and earnings per share of $10. Compute
Refer to Samsung’s financial statements in Appendix A. Compute its debt ratio as of December 31, 2018, and December 31, 2017.
Use Samsung’s financial statements in Appendix A to compute its return on total assets for fiscal year ended December 31, 2018.
Wipfli Co. provides auditing services and consulting services. Wipfli sells the consulting services segment for a gain of $75,000 (net of tax). Income from consulting services during the year is
Refer to the data in QS 12-7. 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 2020? 2. Assume that no additional notes payable are issued in
A company reported average total assets of $1,240,000 in Year 1 and $1,510,000 in Year 2. Its net operating cash flow was $102,920 in Year 1 and $138,920 in Year 2. (1) Calculate its cash flow
Refer to Samsung’s 2018 statement of cash flows in Appendix A. List its cash flows from operating activities, investing activities, and financing activities.
Refer to Google’s statement of cash flows in Appendix A. What are its cash flows from financing activities for the year ended December 31, 2018? List the items and amounts.
Refer to the data in QS 12-7.Furniture costing $55,000 is sold at its book value in 2020. Acquisitions of furniture total $45,000 cash, on which no depreciation is necessary because it is acquired at
Refer to Apple’s statement of cash flows in Appendix A. (a) Which method is used to compute its net cash provided by operating activities? (b) Its balance sheet shows an increase in
The following financial statements and additional information are reported. (1) Prepare a statement of cash flows using the indirect method for the year ended June 30, 2020. (2) Compute the
Refer to the balance sheet data in QS 12-10 from Anders Company. During 2020, a building with a book value of $70,000 and an original cost of $300,000 was sold at a gain of $60,000. 1. How much
Use the following information to determine cash flows from investing activities.a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000.b. Paid
Use the following information to determine cash flows from operating activities using the indirect method.RequiredUse the indirect method to prepare the operating activities section of Cruz’s
For each separate company, compute cash flows from operations using the indirect method. Twix Dots Skor $ 4,000 $100,000 $72,000 Net income Depreciation expense 30,000 8,000 24,000 Accounts
Key comparative information for Samsung, Apple, and Google follows.Required 1. Compute the recent two years’ cash flow on total assets ratio for Samsung. 2. Is the change in Samsung’s cash
Key figures for Apple and Google follow.Required1. Compute the recent two years’ cash flow on total assets ratios for Apple and Google. 2. For the current year, which company has the better
Use Apple’s financial statements in Appendix A to answer the following. 1. Is Apple’s statement of cash flows prepared under the direct method or the indirect method? 2. For each fiscal
Alexander Corporation reports the following components of stockholders’ equity at December 31, 2019.Common stock—$25 par value, 50,000 shares authorized, 30,000 shares issued and outstanding
Epic Company earned net income of $900,000 this year. There were 400,000 weighted-average common shares outstanding, and preferred shareholders received a $20,000 cash dividend. Compute Epic
The following information is from Amos Company for the year ended December 31, 2020. Prepare a statement of retained earnings for Amos Company.Retained earnings at December 31, 2019 (before discovery
For each situation, identify whether it is treated as a prior period adjustment or change in accounting estimate.1. A review of notes payable discovers that three years ago the company reported the
Prepare a statement of retained earnings for Tidal Co. for the year ended December 31, 2020, using the following data. Cash dividends declared and paid in 2020...... $ 8,000 Net income in 2020
Identify whether stockholders’ equity would increase, decrease, or have no effect as a result of each separate transaction listed below.1. A stock dividend equal to 30% of the previously
Tuscan Inc. had a retained earnings balance of $60,000 at December 31, 2019. During the year, Tuscan had the following selected transactions. Calculate the retained earnings balance at December 31,
Prepare a classified balance sheet for Tucson Co. for the year ended December 31 using the following data. $ 1,000 Notes payable (due in 5 years) . $ 10,000 Common stock Cash. Preferred stock...
Anthem Co. has 100,000 shares authorized, 90,000 shares issued, and 20,000 shares of treasury stock. Determine the number of shares outstanding.
Refer to the financial statements for Samsung in Appendix A. How much were its cash payments for treasury stock acquisitions for the year ended December 31, 2018?

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