Question: answer all 8 questions please sorry is this better ? how about just these? financial Statements Finals Do not erase the questions if the questions
answer all 8 questions please
sorry is this better ?
how about just these?financial Statements Finals Do not erase the questions if the questions we erased there is a twenty point penalty Below we the 2012 - 2013 pewend balance sheets for Big Bang Enterprises. Use this Bence Sheette 1.2.3 and 4 2012 $ 200.000 $ 170.000 64.000 700.000 2.000.000 200.000 53,064,000 $2.270.000 .. S. 6.000.000 5.600.000 Accounts receivable Inventories Total current assets Net Total Fedet Total UN Accounts payable Notes able to Totalebi long-term det Totalbes Common stock Benedig Totalcom $1.290.000 $1.400.000 16.00 $3.000.00 210.09 240. 20. 2.000.000 . 1.000.000 SELA 1. What could have happened that made the Common Stock balance for Big Bang increase by $1,000,000 2. What it instead the Common Stock balance for Beture decreased by $1,000,000? What would have happened? 3. What is the Net Working Capital for Big Bang in 2013? Show the entire calculation for Credit (Total revenue gains total expenseselosses) net income 4. Ferie Bang fill in the Accounting Equution for 2015. Look at the PP if you need help! -Liis outy 5. On 12/31/13. Baca Industries reported retained earnings of $800,000 on its balance sheet and it reported that it had $400,000 of net income during the year. On its previous balance sheet at 12/31/12, the company has reported $500,000 of retained earning: No shares were repurchased during 2015 How much in dividends and the firm pay during 20137 Show the entire calculation for credit 6. What is the definition of Accounting in your own words? 7. Revesses taka Sales) restepenses equals what? 8. We can see Net Income on the Income Statement. What other financial statements will show us Net Income Assets Cash Accounts receivable Inventories Total current assets Net fixed assets Total Fixed Assets Totalasses 2013 $ 200,000 864,000 2.000.000 53.064,000 6.000.000 6.000.000 59.6.1.00 2012 $ 170.000 700.000 1.400.00 $2,270.000 S.CO.000 5.600.000 SZA20.RO Libilities and equity Accounts payable Notes payable to bank Total current liabilities Long-term debt Total Liabilities Common stock Retained earnings Totalcommon equity Total abilities and equity $1.400,000 1.600.000 SOOCO 2.400.000 SU 3,000,000 164.00 $3.664.000 S.A.RO 51,090,000 1.800.000 $2.890.000 2400.000 520 2.000.000 580.000 $2.500.000 SZA20.000 1. What could have happened that made the Common Stock balance for Big Bang increase by $1,000,000? 2. What if instead the Common Stock balance for Big Bane decreased by $1,000,000? What would have happened? 3. What is the Net Working Capital for Big Bang in 2013? show the entire calculation for credit 4. For Big Bang fill in the Accounting Equation for 2013. Look at the PPT if you need help! Assets - Liabilities Equity 5. On 12/31/13, Buarattu Industries reported retained earnings of $800,000 on its balance sheet, and it reported that it had $400,000 of net income during the year. On its previous balance sheet, at 12/31/12, the company had reported $500,000 of retained earnings. No shares were repurchased during 2013. How much in dividends did the firm pay during 2013? show the entire calculation for credit 6. What is the definition of Accounting in your own words? 7. Revenues (aka Sales) minus Expenses equals what? 8. We can see Net Income on the income Statement. What other financial statements will show us Net Income? Below are the 2012 and 2013 year-end balance sheets for Big Bang Enterprises. Use this Balance Sheet to answer questions 1, 2, 3 and 4. Assets: Cash Accounts receivable Inventories Total current assets Net fixed assets Total Fixed Assets Total assets 2013 $ 200,000 864,000 2,000,000 $3,064,000 6,000,000 6.000.000 $9.064.000 2012 $ 170,000 700,000 1,400,000 $2,270,000 5,600,000 5.600.000 $7870.000 Liabilities and equity: Accounts payable Notes payable to bank Total current liabilities Long-term debt Total Liabilities Common stock Retained earnings Total common equity Total liabilities and equity $1,400,000 1,600,000 $3,000,000 2,400,000 5.400.000 3,000,000 664,000 $3,664,000 19.064.000 $1,090,000 1,800,000 $2,890,000 2,400,000 5.290.000 2,000,000 580,000 $2,580,000 $7.870.000 1. What could have happened that made the Common Stock balance for Big Bang increase by $1,000,000? 2. What if instead the Common Stock balance for Big Bang decreased by $1,000,000? What would have happened? 3. What is the Net Working Capital for Big Bang in 2013? Show the entire calculation for credit 4. For Big Bang fill in the Accounting Equation for 2013. Look at the PPT if you need help
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