Use the following balance sheet and profit and loss statement for Associated Industries to pull the.

Use the following balance sheet and profit and loss statement for Associated Industries to pull the.
Use the following balance sheet and profit and loss statement for Associated Industries to pull the data and answer the questions below the financial statements: Associated Industries Balance Sheet Change 2016 2017 Assets Current Assets Cash $40,500 $12.652 Inventory $54,000 $111.500 Accounts Receivable $132,250 3151,750 Total Current Assets $227 250 s275.9021 Plant Property and Equipment $45,000 $45,000 Less: Accumulated Depreciation [$2,250 (54,500) Total Plant, Property and Equipment $42.750 $40 sool Total Assets $270,000 $316.4021 $40,500 $77,580 $40,500 577580 Liabilities and Owners' Equity Liabilities Current Liabilities Accounts Payable Total Current Liabilities Long-Term Liabilities Bank Loan Payable Total Long-Term Liabilities Total Liabilities Owners' Equity Owners' Investment Retained Earnings Total Owners' Equity Total Liabilities and Owners' Equity $135,000 $135.000 $135, bod 5135,000 $175, soos222.580 $90,000 $90,000 $4,500 $13,822 $94,500 $103 822 $270,ood 316.402 Associated Industries Profit and Loss Statement 2016 2017 Sales Activities Revenue             Operating Expenses Selling Expenses Advertising $15.000 $20.000 Sales Staff Salary $75,000 $77.250 General and Administrative Rent $22500 $22.500 Utilities $11,250 $11.588 Owners' Salary $15.750 515,750 Accounting, Payroll and Legal 57.500 57.725 Depreciation $2,250 $2.250 Operating Profit $14,694 $11,800 Interest $0 $0 Profit Before Taxes $14,694 $11.800 Income Taxes $3,086 52.478 Net Profit $11.608 $9.322 1b. Create an Indirect Cash flow statement in the table below. Associated Industries Cash Flow Statement indirect method) Beginning cash Net pront Add depreciation Accts receivable increase Decrease Inventory (increase Decrease Accounts payable increased decrease) Operating Cashflow Asset activity cash flow Financing activity cash flow Owners' withdrawal Bank principal payment Total Financing activity cash flow Ending Cash 2. Explain, what has happened to the overall cash balance in the past year? (Did it Increase or decrease and by how much?) Answer: 3. What is the major contributors of cash for     May 04 2022 09:54 AM

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 (409) 205-8984

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code GURUH