Net income for the year for Carrie, Inc. was $750,000, but the statement of cash flows reports that net cash provided by operating activities was$860,000. What might account for the difference?

Prepare a vertical analysis of HFl's comparative income statement and balance sheet. Round calculations to the nearest $0.1 \%$.

The income statement and balance sheet for Aqua Products, Inc., and forms for completing this problem are given in the Working Papers.

Instructions:

2. Prepare a horizontal analysis of the comparative income statement and balance sheet. Round percentage calculations to the nearest 0.1 %.

Prepare a horizontal analysis of HFl's comparative income statement and balance sheet. Round calculations to the nearest $0.1\%$.

The following data are from the income statements of Haskin Company.

(a) Compute for each year (1) the inventory turnover and (2) the days in inventory

The following data are taken from the fi nancial statements of Rainsberger Company.

(a) Compute for each year (1) the accounts receivable turnover and (2) the average collection period. At the end of 2016, accounts receivable (net) was $480,000.

Find the real zeros of f. Use the real zeros to factor f. $f(x)=4 x^{5}+12 x^{4}-x-3$

Which graphs represent functions that have inverse functions?..

Which graphs represent functions that have inverse functions?*

In $2000$, the moose population in a park was measured to be $6,500$. By $2010$, the population was measured to be $12,500$. Assume the population continues to change linearly.

Find a formula for the moose population, $P$.

The net income for the year for Genesis, Inc. is $750,000, but the statement of cash flows reports that the net cash provided by operating activities is$640,000. What might account for the difference?

What is the purpose of a statement of cash flows? How does it differ from a balance sheet and an income statement?

The creditors of Chester Company agree to accept promissory notes for the amount of its indebtedness with a proviso that two-thirds of the annual profits must be applied to their liquidation. How should these notes be reported on the balance sheet of the issuing company? Give a reason for your answer.

Below are the titles of a number of debit and credit accounts as they might appear on the balance sheet of Hayduke Corporation as of October 31, 2012.

$$\begin{array}{ll} \textbf{Debits} & \textbf{Credits}\\ \text{Interest Receivable on U.S.} & \text{Preferred Stock}\\ \text{$\quad$Government Securities} & \text{11\\\% First Mortgage Bonds, due in 2017}\\ \text{Notes Receivable} & \text{Preferred Cash Dividend, payable Nov. 1, 2012}\\ \text{Petty Cash Fund} & \text{Allowance for Doubtful Accounts Receivable}\\ \text{Debt Investments (trading)} & \text{Federal Income Taxes Payable}\\ \text{Treasury Stock} & \text{Customers’ Advances (on contracts to be}\\ \text{Unamortized Bond Discount} & \text{$\quad$completed next year)}\\ \text{Cash in Bank} & \text{Premium on Bonds Redeemable in 2012}\\ \text{Land} & \text{Officers’ 2012 Bonus Accrued}\\ \text{Inventory of Operating Parts and Supplies} & \text{Accrued Payroll}\\ \text{Inventory of Raw Materials} & \text{Notes Payable}\\ \text{Patents} & \text{Interest Expense}\\ \text{Cash and U.S. Government Bonds Set} & \text{Accumulated Depreciation}\\ \text{$\quad$Aside for Property Additions} & \text{Accounts Payable}\\ \text{Investment in Subsidiary} & \text{Paid-in Capital in Excess of Par}\\ \text{Accounts Receivable:} & \text{Accrued Interest on Notes Payable}\\ \text{$\quad$U.S. Government Contracts} & \text{8\\\% First Mortgage Bonds, to be redeemed}\\ \text{$\quad$Regular} & \text{$\quad$in 2022 out of current assets}\\ \text{$\quad$Installments - Due Next Year}\\ \text{$\quad$Installments - Due After Next year}\\ \text{Goodwill}\\ \text{Inventory of Finished Goods}\\ \text{Inventory of Work in Process}\\ \text{Deficit}\\ \end{array}$$

Instructions

Select the current asset and current liability items from among these debits and credits. If there appear to be certain borderline cases that you are unable to classify without further information, mention them and explain your difficulty, or give your reasons for making questionable classifications, if any.