2. Use the information in Tables 2.5 and 2.6 with the additional information and complete the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
2. Use the information in Tables 2.5 and 2.6 with the additional information and complete the Purcell Diagram in Figure 2.3. The additional information given is for calculating some of the adjustment terms in Equations (2.3) and (2.4). Additional information for 2024 is: Stock Sales 20 Dividends Paid 20 Labor Used For Raw Materials For WIP For Finished Goods Supplier Services Equipment Purchased Raw Materials for Prod. WIP Services Assets Current Assets Table 2.5: Income statement for NAC Corporation for 2024 Cash Accounts Receivables Inventories Sales Expenses Customers. Fixed Assets Plant & Equipment Sales Total Costs Finished Goods Work-in-Progress Raw Materials Table 2.6: Balance sheet for NAC Corporation for 2024 Balance Sheet NAC Corporation (Year 2024) Start End 2024 2024 Profit Before Tax Taxes (Tax Rate 25%) Net Profit 40 35 55 Depreciation 90 200 45 Accounts Receivable Income Statement NAC Corporation 2024 (End-of-Year) Net Profits Value Created Cash Received from Customers 780 Raw Materials to WIP 240 WIP to Finished Goods 325 Money Paid to Suppliers 320 0 40 90 40 Finished Goods Cost of Goods Sold 400 Management Costs 40 R&D Expenses Sales Expense Other Taxes & Fees 20 85 40 415 Accounts Payable 20 60 70 30 Depreciation 80 680 120 30 90 Owner's Equity 100 110 Common Stock 590 690 Cash Liabilities & Equities Current Liabilities Fixed Assets WIP Net Net Profits, Equity Change Stock Sales 800 Accounts Payable Purchased Equipment Figure 2.3: Purcell diagram for NAC Corporation in 2024. 325 Suppliers Raw Materials Start 2024 Employees Management R&D Expenses Sales Expenses Fees & Other Taxers Government Income Taxes Owner's Equity L Dividends Paid to Stockholders Stock Sales 0 End 2024 10 590 680 590 690 Cash Flows = Net Profits + Depreciation + Adjustments Cash Flows (end) - Cash Flows (start) = Net Profits + Depreciation + Adjustments (2.3) Cash Flows (end) = Cash Flows (start) + Net Profits + Depreciation + Adjustments (2.4) 2. Use the information in Tables 2.5 and 2.6 with the additional information and complete the Purcell Diagram in Figure 2.3. The additional information given is for calculating some of the adjustment terms in Equations (2.3) and (2.4). Additional information for 2024 is: Stock Sales 20 Dividends Paid 20 Labor Used For Raw Materials For WIP For Finished Goods Supplier Services Equipment Purchased Raw Materials for Prod. WIP Services Assets Current Assets Table 2.5: Income statement for NAC Corporation for 2024 Cash Accounts Receivables Inventories Sales Expenses Customers. Fixed Assets Plant & Equipment Sales Total Costs Finished Goods Work-in-Progress Raw Materials Table 2.6: Balance sheet for NAC Corporation for 2024 Balance Sheet NAC Corporation (Year 2024) Start End 2024 2024 Profit Before Tax Taxes (Tax Rate 25%) Net Profit 40 35 55 Depreciation 90 200 45 Accounts Receivable Income Statement NAC Corporation 2024 (End-of-Year) Net Profits Value Created Cash Received from Customers 780 Raw Materials to WIP 240 WIP to Finished Goods 325 Money Paid to Suppliers 320 0 40 90 40 Finished Goods Cost of Goods Sold 400 Management Costs 40 R&D Expenses Sales Expense Other Taxes & Fees 20 85 40 415 Accounts Payable 20 60 70 30 Depreciation 80 680 120 30 90 Owner's Equity 100 110 Common Stock 590 690 Cash Liabilities & Equities Current Liabilities Fixed Assets WIP Net Net Profits, Equity Change Stock Sales 800 Accounts Payable Purchased Equipment Figure 2.3: Purcell diagram for NAC Corporation in 2024. 325 Suppliers Raw Materials Start 2024 Employees Management R&D Expenses Sales Expenses Fees & Other Taxers Government Income Taxes Owner's Equity L Dividends Paid to Stockholders Stock Sales 0 End 2024 10 590 680 590 690 Cash Flows = Net Profits + Depreciation + Adjustments Cash Flows (end) - Cash Flows (start) = Net Profits + Depreciation + Adjustments (2.3) Cash Flows (end) = Cash Flows (start) + Net Profits + Depreciation + Adjustments (2.4)
Expert Answer:
Answer rating: 100% (QA)
To complete the Purcell Diagram for NAC Corporation in 2024 we will use the provided i... View the full answer
Related Book For
Modeling the Dynamics of Life Calculus and Probability for Life Scientists
ISBN: 978-0840064189
3rd edition
Authors: Frederick R. Adler
Posted Date:
Students also viewed these finance questions
-
Use the information in Table 2.5 to predict the standard reaction enthalpy of2 H2 (g) + 02(g) 2 H2O (1) at 100C from its value at 25C.
-
The following information is for Pasture Corp.: Cash received from customers ......... $65,000 Cash received from lenders ......... 20,000 Cash paid to suppliers ........... 20,000 Cash paid for new...
-
The diagram in Exercise 9. Use the information in the phase-plane diagram to draw direction arrows on the null clines. C-ullcline C-nulicline 0 0 Concentration of chemical
-
Prepare adjusting journal entries, as needed, considering the account balances excerpted from the unadjusted trial balance and the adjustment data. A. depreciation on buildings and equipment, $17,500...
-
What leadership processes are important for cross-functional teams?
-
Employer has a strict policy of not allowing employees with beards to work in public contact positions. All managerial positions are public contact positions. Employer does not make exceptions to its...
-
What is the mirror-image rule?
-
The Sanding Department of Ortiz Furniture Company has the following production and manufacturing cost data for March 2010, the first month of operation. Production: 12,000 units finished and...
-
5. Let v = [1,0], w = [1,1]. Find the projector P that projects R onto (v) along (u). What are range(P) and null(P)?
-
A retail dealership purchases some new Old Town canoes to stock in its stores. Examining the merchandising terms of the manufacturer, Old Town, the dealership notices that it would be eligible to...
-
3) Consider the polynomials p(x) 1+3x+2x.q(x) 3+x+2x',r(x)% 2x+x'in P. Show that the set {p(x).q(x).r(x)}is linearly dependent.
-
At 5.46 x 1014 Hz, the energy given off by a black body is 1.52 x 10-17 J. How many photons of this frequency are emitted?
-
A projectile is fired in Earth's gravitational field with a horizontal velocity of v = 8.35 m/s. How far does it go in the horizontal direction in 0.451 s? [Round your answer to the nearest...
-
Among various forms of social stratification, which do you believe engenders the most detrimental consequences and adverse impacts on our society?
-
A 2.00 kg block is sliding at 15.0 m/s to the right. It collides with and sticks to a 1.00 kg block attached to a spring connected to a wall as shown. The horizontal surface is frictionless. The...
-
Make a class Person to represent a person according to the following requirements: A person has two attributes: id name. Add a constructer to initialize all the attributes to specific values. Add all...
-
Patient: Blaize Masters IMPRESSION: This is a 49-year-old male who has significant multivessel coronary artery disease. He has atypical anginal symptoms, suspected to be secondary to his type 1...
-
Choose two matrices A and B with dimension 2 x 2. Calculate det A, det B, and det (AB). Repeat this process until you are able to discover how these three determinants are related. Summarize your...
-
1% of people have the disease. Someone comes up with a cut-rate "test" for a disease. This test gives a positive result with probability 0.5 whether or not patient has the disease. In each of the...
-
A line passing through the point (-1, 6) with slope 4. Find equations in slope-intercept form for the above line. Sketch a graph indicating the original point from point-slope form.
-
The p.d.f. of a random variable T is g(t) = 6t(1 - t) for 0 t 1. Find the variance and standard deviation of a continuous random variable with the given p.d.f.
-
The following table shows the interest rates on the fixed and floating borrowing choices available to three firms. Firms A and B want to be exposed to a floating interest rate while Firm C would...
-
Futures contracts are standardized contracts for the delivery of a specified quantity of a commodity or financial instrument on a prearranged future date, at an agreed- upon price. They are a bet on...
-
Derivatives transfer risk from one person or firm to another. They can be used in any combination to unbundle risks and resell them.
Study smarter with the SolutionInn App