Can you empathize with customers concerns.

Blossom Corporation’s balance sheet at the end of 2019 included the following items.

RoseWind [281]

The preparation of a statement of cash flows and balance sheet for 2020 for Blossom Corporation is as follows:

1. BlossomCorporation Corporation

<h3>Statement of Cash Flows</h3>

For the year ended December 31, 2020

<h3>Operating Activities:</h3>

Net Income $55,870

Add Non-Cash Expense:

Loss from sale of equipment 230

Depreciation Expenses 16,540

Amortization Expense 2,500

Adjusted cash $75,140

Changes in working capital:

Increase in current assets (29,000)

Increase in current liabilities 14,770

Cash from operations $60,910

<h3>Investment Activities:</h3>

Sale of equipment $11,770

Building cost (28,770)

Investment in stock (16,000)

Cash from investments ($33,000)

<h3>Financing Activities:</h3>

Bonds payable $51,770

Dividends payment (30,000)

Treasury stock (11,000)

Cash from financing $10,770

Net cash flow $38,680

2. Blossom Corporation

<h3>Balance Sheet at the end of 2020</h3>

Current assets $304,450

Land $31,770

Buildigs $150,540

Equipment $70,000

Accum. depr.-buildings ($37,540)

Accum. depr.-equipment ($12,000)

Long-term stock investment 16,000

Patents 41,770

Amortization of Patents (2,500)

Total assets $562,490

Current liabilities $166,540

Bonds payable $153,540

Common stock $170,770

Retained earnings $71,640

Total liabilities + Equity $562,490

<h3>What are Statements of Cash Flows and Balance Sheets?</h3>

Statements of cash flows and balance sheets are two of the main financial statements prepared periodically by an entity.

The statement of cash flows shows the cash flows from operating, investing, and financial activities.

The balance sheet shows the financial position (assets, liabilities, and equity) of an entity at a point.

<h3>Data and Calculations:</h3>

Blossom Corporation

<h3>Balance Sheet at the end of 2019</h3>

Current assets

(Cash $82,000) $236,770 Current liabilities $151,770

Land 31,770 Bonds payable 101,770

Buildings 121,770 Common stock 181,770

Equipment 91,770 Retained earnings 45,770

Accum. depr.-buildings (31,770 ) Total $481,080

Accum. depr.-equipment (11,000 )

Patents 41,770

Total $481,080

Ending Cash balance = $120,680 ($82,000 + 38,680)

Current assets = $304,450 (236,770 + $29,000 + $38,680)

Land = $31,770

Buildigs = $150,540 ($121,770 + $28,770)

Equipment = $70,000 ($91,770 - $21,770)

Accum. depr.-buildings = $37,540 (31,770 + 5,770)

Accum. depr.-equipment = $12,000 (11,000 - 9,770 + 10,770)

Long-term stock investment 16,000

Patents 41,770

Amortization of Patents (2,500)

Current liabilities $166,540 (151,770 + 14,770)

Bonds payable $153,540 (101,770 + 51,770)

Common stock $170,770 (181,770 - 11,000)

Retained earnings $71,640 (45,770 + $55,870 - 30,000)

Learn about preparing statements of cash flows at brainly.com/question/25645312

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4 0

2 years ago

Olde manufacturing, a parts supplier to the auto industry, has been using the behavioral approach to management for over 100 yea

allochka39001 [22]

<u>The answer is "False".</u>

The human relations development was an important adjustment to the sterile approach utilized inside logical administration, however its optimism came to be considered excessively oversimplified for viable utilize. All the more as of late, the human relations view has been superseded by the behavioral science way to deal with administration.

5 0

3 years ago

Suppose that when the price for Good A increases by 7 percent, the quantity demanded for that product decreases by 2 percent. Ac

Monica [59]

Answer:

The own price elasticity is 0.28.

The demand for good a is inelastic.

Explanation:

The price elasticity of demand for a product is the change in the quantity demanded of a product due to a change in its price.

When the price of good A increases by 7% the quantity demanded of that product decreases by 2%.

The own price elasticity of demand

= $\frac{change\ in\ quantity\ demanded}{change\ in\ price}$

= $\frac{2}{7}$

= 0.28

The elasticity of demand is less than 1, this implies that demand is inelastic.

A greater change in price is leading to a smaller change in quantity demanded.

7 0

4 years ago

After alistair earned his ba, he had to decide whether to accept the offer of a job that will pay him $45,000 per year or spend

guapka [62]

Answer:

$77,500

Explanation:

The computation of the annual opportunity cost of earning his mba is shown below:

= Cost of the job + cost of other expenses + the interest earned per year

= $45,000 + $22,000 + $500

= $77,500

In order to determine we added the cost of the job, cost of other expenses, and the interest earned per year so that the annual opportunity cost could arrive

8 0

3 years ago

Select all that apply Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a subsidiary led

Tems11 [23]

Answer:

provide a subsidiary ledger for the finished goods inventory account

monitor costs incurred to date and to predict and control costs for each job

provide a permanent record for the cost of goods sold account

Explanation:

job cost sheet is a recording of all expenses that should be related to the job segment or an individual job.

Also it give the subsidiary ledger for the finished goods. It checks the cost that should be incurred till date and to predict and control the cost. Moreover, it gives the permanenet record for the cost of goods sold

These 3 above statements should be considered

6 0

3 years ago