The following balance sheet for the Hubbard Corporation was prepared by the company:
HUBBARD CORPORATION
Balance Sheet
At December 31, 2016
Assets
Buildings $760,000
Land 280,000
Cash 70,000
Accounts receivable (net) 140,000
Inventories 260,000
Machinery 290,000
Patent (net) 110,000
Investment in marketable equity securities 80,000
Total assets $1,990,000
Liabilities and Shareholders' Equity
Accounts payable $225,000
Accumulated depreciation 265,000
Notes payable 520,000
Appreciation of inventories 90,000
Common stock, authorized and issued
110,000 shares of no par stock 440,000
Retained earnings 450,000
Total liabilities and shareholders' equity $1,990,000
Additional information:
1. The buildings, land, and machinery are all stated at cost except for a parcel of land that the company is holding for future sale. The land originally cost $60,000 but, due to a significant increase in market value, is listed at $140,000. The increase in the land account was credited to retained earnings.
2. Marketable equity securities consist of stocks of other corporations and are recorded at cost, $30,000 of which will be sold in the coming year. The remainder will be held indefinitely.
3. Notes payable are all long-term. However, a $200,000 note requires an installment payment of $50,000 due in the coming year.
4. Inventories are recorded at current resale value. The original cost of the inventories is $170,000.
Required:
Prepare a corrected classified balance sheet for the Hubbard Corporation at December 31, 2016.

Answer:

                       HUBBARD CORPORATION

              Balance Sheet as at December 31, 2016

Assets                                                    Amount$

Current assets                                      

Cash                                                       70000  

Marketable securities                            30000  

Accounts receivable (net)                      140000  

Inventories                                              170000

Total current assets                               410000

Investments:

Marketable securities       50000

Land held for sale             60000

Total investments                                   110000  

Property, plant, and equipment:    

Land                                  140000    

Buildings                           760000

Machinery                         290000

                                          1190000

Less: Accumulated           -265000  

         depreciation

Net property, plant, and equipment     925000

Intangible assets:

Patent                                                         110000

Total assets                                               1555000

                                                  Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable                                                      225000

Current maturities of long-term debt                        50000

Total current liabilities                                               275000  

Long-term liabilities

Notes payable                                               470000

Shareholders’ equity:

Common stock, no par value                 440000

110,000 shares  authorized; 110,000      

shares issued and outstanding    

Retained earnings                                   370000

Total shareholders’ equity                                          810000

Total liabilities and shareholders’ equity                  1555000

This credit is a non-refundable tax credit for qualified higher education tuition and
expenses paid for an eligible student.
A) American Opportunity Tax Credit (AOTC)
B) Lifetime Learning Credit (LLC)
C) Adding Brain Credit (ABC)
D) College Discount Credit (CDC)
18
E) 4 Year College Credit (4Y2C)

Overtis-1. Beginning inventory, purchases, and sales for fem "X" are as follows Beginning Inventory April, 1 S 15 57 units at $14 29 40 units Assuming a perpetual inventory system and using the first-in. first-out (110), lost-in-first-out (LIFO) Average costing methal, determine (0) The cost of goods sold on April 29 & (i) The cost of ending inventory on April 30. 47 Quests -2 Estimate the cast of goods sold & ending inventory by the gross profit method given the following data: Beginning inventory Bir 40,000.00, net purchases Bir 100,000.00, net sales Birr 112,000.00, press profit rate of 25% of net sales. Quotes J. Machinery purchased for Br 200,000 at the beginning of the year has an estimated life of 5 years and a residual value of Br 20,000 Required: Compute the annual tyearly) depreciation expense for each of the five years, by using; a) Straight-line depreciation method. b) Double-declining balance depreciation method c) Sum-of-the-years-digits method d) If the machinery is expected to have a useful life of 18,000 operating hours & was operated during the year I through year 5. 4100 hours, 2.700 hours, 4.200 hours 3.000 hours and 100 hours Compute the annual (yeatly) depreciation expense for each of the five years, by using the Units of-Production Method. 4 Rainbow Mining Co acquired mineral rights for the 30,000,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 11,250,000 tons were mined and sold Required: A Determine the amount of depletion expense for the current year B. Joumalize the adjusting entry to recognize the depletion expers.​

Cullumber Company uses a periodic inventory system and reports the following for the month of June.

What is the weighted-average unit cost ?

2 words that ryme on the same line is called?

Effective and carefully planned mission statements:
A) require major changes every few months.
B) require major changes every few quarters.
C) require major revision every few years.
D) do not require revision.
E) require infrequent major changes, but are always subject to revision.

why are small businesses
important to a
country's economy?

he Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $830,000, and it would cost another $23,500 to install it. The machine falls into the MACRS 3-year class, and it would be sold after 3 years for $467,000. The MACRS rates for the first three years are 0.3333, 0.4445, and 0.1481. The machine would require an increase in net working capital (inventory) of $18,000. The sprayer would not change revenues, but it is expected to save the firm $360,000 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 25%. (Ignore the half-year convention for the straight-line method.) Cash outflows, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the nearest dollar.

What is the Year-0 net cash flow?

$

What are the net operating cash flows in Years 1, 2, and 3?

Year 1: $
Year 2: $
Year 3: $
What is the additional Year-3 cash flow (i.e, the after-tax salvage and the return of working capital)?

$

If the project's cost of capital is 14%, what is the NPV of the project?

$

Should the machine be purchased?


-Select-

2. Explain and justify the concept of Corporate Social Responsibility.

(Economics)
In an essay of at least two well-developed paragraphs, explain the global benefits of international trade and multinational corporations.

What are the solution to unknown gunmen problem

The City of Houghton enacted an ordinance that forbids religious groups from distributing religious materials within the city limits of Houghton unless the distributor is granted a permit. Other types of materials can be distributed without a permit. What concerns do you have about the constitutionality of this ordinance?

How do you define a small business? Not the textbook definition but how you define it in your own words. List several small businesses in your local area and evaluate what makes them a small business and how you know. What impact do these small businesses have on your local economy? Explain.

Mackenzie borrows $300,000 from the bank on a 30 year mortgage. She is given an interest rate of 5.125% APR. How much will her monthly payment be in principal and interest?

Question 1 options:

988.18


1633.46


1699.11


1689.21


1755.29

Q1: Torville Company's contribution margin income statement is presented below.
Sales for the current period consisted of 5,000 units. Determine the company's
break-even point in dollars.
Torville Company
Contribution Margin Income Statement
Sales
Variable costs
Contribution margin
Fixed costs
Sales : $125000
Variable cost : $90000
Contribution margin : $35000
Fixed cost : $28000
Net income: $7000
Net income
S125,000
20.000
35,000
28.000
$7.000

The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $3.20 per case. Orders arrive three days from the time they are placed. Daily holding costs are equal to 5 percent of the cost of the beer. What is the economic order quantity for Stein beer?

The graphs illustrate an initial equilibrium for the economy. Suppose that the stock market broadly increases.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run
aggregate supply (LRAS) in both the short run and the long run, as well as the short-run and long-run equilibriums resulting
from this change. Then, indicate what happens to the price level and real GDP (or aggregate output) in the short run and in the
long run.

which is the best definition of the purpose of a business?

In preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on the sale of equipment $14,500
Purchase of equipment 150,000
Proceeds from the sale of equipment 131,000
Re-payment of outstanding bonds 89,500
Purchase of treasury stock 64,500
Issuance of common stock 98,500
Purchase of land 120,000
Increase in accounts receivable
during the year 45,500
Decrease in accounts payable
during the year 77,500
Payment of cash dividends 37,500
Net cash flows from investing activities for the year were:_____.
a. $262,000 of net cash used.
b. $228.500 of net cash provided.
c. $139,000 of net cash used.
d. $124,500 of net cash used.
e. $139,000 of net cash provided.

Vanya inc. charter authorizes 1000 shares of stock at a stated value of $1 per share. Vanya sells 50 shares of stock at its initial offering for $10 [er share. The journal entry to record this transaction?

DuPont identity.  For the firms in the popup​ window,

Company Sales Net Income Total Assets Liabilities
PepsiCo $66,466 $6,736 $77,300 $53,143
Coca-Cola $46,726 $8,449 $89,902 $56,900
McDonald's $28,033 $5,726 $36,599 $20,671

​, find the return on equity using the three components of the DuPont​ identity: operating​ efficiency, as measured by the profit margin​ (net income/sales); asset management​ efficiency, as measured by asset turnover​ (sales/total assets); and financial​leverage, as measured by the equity multiplier​ (total assets/total​ equity).

​First, find the equity of each company.

The equity for PepsiCo is ...

million.  ​(Round to the nearest million​ dollars.)

French mining engineer Henri Fayol defined management as a process involving which of the following?

a pack of 12 pencils and the price is $1.29. how much if each pencil?

An electronics store runs very effective advertising to draw potential customers to their store. However, for the number of people who come to the store, the volume of sales is very low. What might be an area that the electronics store should seek to improve in order to convince more visitors to make purchases?

A. Merchandising
B. Direct marketing
C. Publicity
D. Sponsorship​

Select a current issue in Corporate Governance and write a 3 to 5 page paper that discusses why it is important and how it should be resolved.

Describe the internal control features that were missing that enabled the employee to commit this fraud.

Describe what actions the employer should take to prevent this kind of fraud from happening in the future.

High-Flying Auto Dealer Employee Steals $10M For Luxuries
The scheming employee was able to electronically transfer funds from the company's online account to her own personal account and use the funds to buy four homes, 10 vehicles, Louis
Vuitton luggage, jewelry, $30,000 in pre-paid travel funds and stow away more than $20,000 in savings, court records show. Authorities said she covered up the thefts with a series of fake transactions as well as listing phantom cars in inventory so they could be recorded as assets.

Maintaining a what of all data allows tracking changes

Question 4 (4 points)
Match each Type of Sales Channel to its corresponding description.
>
Selling products in bulk
to various outlets or
retailers for onward
sale.

When a brand or
manufacturer sells
direct to consumers
and the end users of
their products, as
opposed to selling to
them solely through
retailers.

Selling products directly
to end customers for a
profit, either in-store,
online, mail-order, or
by phone.

Businesses that sell to
other businesses who
are the intended end
user of the product.

1. Retail.
2. Wholesale
3. Direct to Consumer
4. B2B

Individuals join groups for two primary reasons: to enjoy the company of others and to accomplish goals unattainable by themselves. True False

po
Additional Activities
Activity 5 - 3
Business
Transactions
corresponding transactions.
TRANSACTIONS
VALUE RECEIVED
VALUE PARTED
WITH
debt or obligation
1.
delivery truck
cash
2.
furniture
cash
3.
right to occupy space
service
receivable
4.
cash
service of employees
5.
Indicated below is an exchange of values. Briefly describe the​

what is business management?​