Comparative balance sheet accounts of Marcus Inc. are presented below.
| MARCUS INC. COMPARATIVE BALANCE SHEET ACCOUNTS AS OF DECEMBER 31, 2014 AND 2013 |
||||
| December 31 | ||||
| Debit Accounts | 2014 | 2013 | ||
| Cash | $42,050 | $34,060 | ||
| Accounts Receivable | 70,470 | 59,520 | ||
| Inventory | 29,440 | 24,030 | ||
| Investments (available-for-sale) | 22,300 | 38,440 | ||
| Machinery | 30,120 | 18,400 | ||
| Buildings | 67,850 | 55,860 | ||
| Land | 7,500 | 7,500 | ||
| $269,730 | $237,810 | |||
| Credit Accounts | ||||
| Allowance for Doubtful Accounts | $2,150 | $1,480 | ||
| Accumulated Depreciation—Machinery | 6,460 | 2,010 | ||
| Accumulated Depreciation—Buildings | 13,550 | 8,980 | ||
| Accounts Payable | 35,550 | 24,100 | ||
| Accrued Payables | 3,302 | 2,851 | ||
| Long-Term Notes Payable | 21,480 | 30,900 | ||
| Common Stock, no-par | 150,600 | 125,400 | ||
| Retained Earnings | 36,638 | 42,089 | ||
| $269,730 | $237,810 | |||
Additional data (ignoring taxes):
| 1. | Net income for the year was $40,629. |
| 2. | Cash dividends declared and paid during the year were $20,880. |
| 3. | A 20% stock dividend was declared during the year. $25,200 of retained earnings was capitalized. |
| 4. | Investments that cost $25,280 were sold during the year for $28,320. |
| 5. |
Machinery that cost $3,220, on which $788 of depreciation had accumulated, was sold for $1,624. |
Marcus’s 2014 income statement follows (ignoring taxes).
| Sales revenue | $539,317 | ||
| Less: Cost of goods sold | 380,450 | ||
| Gross margin | 158,867 | ||
| Less: Operating expenses (includes $9,808 depreciation and $5,970 bad debts) | 120,470 | ||
| Income from operations | 38,397 | ||
| Other: Gain on sale of investments | $3,040 | ||
| Loss on sale of machinery | (808 | ) | 2,232 |
| Net income | $40,629 |
(a) Compute net cash flow from operating activities using the direct method. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
| Net cash flow from operating activities | $ |
(b) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Our Services
Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.
Essays
At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.
Admissions
Thesis Writing Service
Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?
Editing
Custom Papers
Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.
Coursework
Essay Writing
Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.
Coursework
Coourse Work Writing
Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !
Coursework
Dissertation Writing Service
High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.