## Answers

VOSBURGH ELECTRONICS CORPORATION | |

Balance sheet | |

At december 31, 2018 | |

Assets: | $ |

Current Assets | |

Cash and cash equivalents [77000+55000] | 132000 |

Marketable securities [192000-55000] | 137000 |

Accounts receivables [133000-13000] | 120000 |

Loans to employees | 45000 |

Interst receivable | 17000 |

Note receivable - current portion | 55000 |

Inventories | 220000 |

Prepaid expenses | 21000 |

Total current assets | 747000 |

Investments | |

Marketable securities | 40000 |

Notes receivable [275000-55000] | 220000 |

Total investment | 260000 |

Property, plant and equipment | |

Land | 285000 |

Buildings | 1600000 |

Machinery and equipment | 642000 |

Less: Accumulated depreciation [625000+215000] | -840000 |

Net property, plant and equipment | 1687000 |

Intangible assets | |

Patents | 157000 |

Franchise | 45000 |

Total intangible assets | 202000 |

Total assets | 2896000 |

Liabilities and shareholders' equity | |

Current Liabilities | |

Accounts Payable | 194000 |

Dividend Payable | 15000 |

Interest Payable | 21000 |

Taxes Payable | 45000 |

Deferred revenue [65000*80%] | 52000 |

Total current liabilities | 327000 |

Long term liabilities | |

Notes Payable | 310000 |

Deferred Revenue [65000*20%] | 13000 |

Total long term liabilities | 323000 |

shareholders' equity | |

Commonstock, no par value, 1000,000 shares | |

authorized 500,000 shares issued and outstanding | 2020000 |

Retained earnings | 226000 |

Total shareholders' equity | 2246000 |

Total liabilities and shareholders' equity | 2896000 |

#### Similar Solved Questions

1 answer

##### Must be Rstudio code. can use other languages to do the problem but please convert to...

must be Rstudio code. can use other languages to do the problem but please convert to R code The median is the middle of a dataset. For example, if your observations are c(1,2,3,8,10), the median is 3. Note ã = 1+2+3+8+10 4.8, so they're not necessarily equal. 5 The interquartile rang...

1 answer

##### The following incomplete table shows a firm’s various costs of producing up to 6 units of...

The following incomplete table shows a firm’s various costs of producing up to 6 units of output. Fill in as much of the table as possible. If you cannot determine the number in a box, explain why it is not possible to do so. Q TC TVC TFC AC MC AVC 1 100 2 50...

1 answer

##### 10. Jenuli, Senul and Venuli, with capital balances as at 1 April 2017 of Rs 300.000,...

10. Jenuli, Senul and Venuli, with capital balances as at 1 April 2017 of Rs 300.000, Rs 200,000 and Rs.200,000, are in partnership, sharing profits and losses in the ratio 221 respectively, after allowing Venuli a salary of Rs.1,500 per month, and all partners' interest al 8% per annum on their...

1 answer

##### (10%) Problem 9: Suppose a microscope's 8.7 mm focal length objective produces a magnification of-3.9 p,...

(10%) Problem 9: Suppose a microscope's 8.7 mm focal length objective produces a magnification of-3.9 p, * 50% Part (a) What is the object distance for this configuration in mm? Grade Summary Deductions Potential do 4.381 4% 96% sinO tan 78 9HOME Submissions Attempts remaining: 2 cotan)asin) aco...

1 answer

##### Prac result Nhel Kpn I 1569 1601 Kpni 1030 2295 / 2310 Not I 988 ОТС-д...

Prac result Nhel Kpn I 1569 1601 Kpni 1030 2295 / 2310 Not I 988 ОТС-д Sphi 2559 Nde I 484 POTC-A 6401 bp Hygro Amp Nde1 3369 pUC Ori 5260 4587 Amp: Ampicillin resistance gene 5405 - 6265 Hygro: Hygromycin resistance gene Choose the gel image with correct bands in lanes 1...

1 answer

##### Use the Root Test to determine the convergence or divergence of the given series or state...

Use the Root Test to determine the convergence or divergence of the given series or state that the Root Test is inconclusive. ŹC3) 7 + 17 9n +8 L = lim vlani 13! (Enter 'inf' for Co.) 700 (+13)" is: A. convergent O B. divergent C. The Root Test is inconclusive...

1 answer

##### Can't save changes to this file. Outbreak Investigation (Updated) You have been called in by Mammoth Lake's...

can't save changes to this file. Outbreak Investigation (Updated) You have been called in by Mammoth Lake's health department to investigate a local summer camp called Camp Mammoth Lake. Some of the campers have become ill with gastrointestinal (GI) symptoms, including diarrhea, abdominal cr...

1 answer

##### You purchased an investment that will pay $20,000 in 15 years. If the interest rate is...

You purchased an investment that will pay $20,000 in 15 years. If the interest rate is 5%, what is the present value of this investment? $41,578.56 O $9,620.34 O $14,673.21 O $12,349.65...

1 answer

##### Start with the stream functions of a uniform horizontal flow Var sin θ and of the doublet k sin θ...

Start with the stream functions of a uniform horizontal flow Var sin θ and of the doublet k sin θ 2π a) Derive the streamfunction for the flow over a cylinder b) Find expression for velocity field (u, v) c) Plot the velocity magnitude on the surface for all angels (r-R, θ) d) Pl...

1 answer

##### A group of attorneys has just installed a heat pump in their office. they like the...

a group of attorneys has just installed a heat pump in their office. they like the benefits of it, given that heat pumps a. run more efficiently than geothermal. b. also cool. c. use hydronic heat transfer. d. require less maintenance than radiative heating....

1 answer

##### Complete the columns of the chart. (Round your answers to three decimal places.) X FrequencyRelative FrequencyCumulative...

Complete the columns of the chart. (Round your answers to three decimal places.) X FrequencyRelative FrequencyCumulative Relative Frequency .05 .125 .15 .325 325 .025 05 175 325 65 975 1 2 4 13 5 13 Part (e) Find the first quartile Part (f) Find the median. Part (g) Find the third quartile...

1 answer

##### How is dying different today than it was in times gone by

how is dying different today than it was in times gone by...

1 answer

##### A one-way analysis of variance was conducted on 5 groups. The total standard devation was calculated...

A one-way analysis of variance was conducted on 5 groups. The total standard devation was calculated to be 2. The total degrees of freedom was found to be 22 and the resulting p-value was found to be 0.25. Use the given information to fill out the rest of the ANOVA table. Calculate SST [1 pt(s)] In...

1 answer

##### Find the most general antiderivative of S (7e2e - 8e) dz

Find the most general antiderivative of S (7e2e - 8e) dz...

1 answer

##### Please show all work. 2. Two parallel transmission lines are 75cm apart and carry currents of...

Please show all work. 2. Two parallel transmission lines are 75cm apart and carry currents of 11 35A and I2 -15A. (a) (5 points) Draw the magnetic field around each wire. I2 (b) (10 points) At what distance, r, from the top wire is the net magnetic field of the two wires zero 1 35 A d75 cm 12 15 A...

1 answer

##### Suppose that a box of electrical fuses contains 3% defectives, and a sample of 100 fuses...

Suppose that a box of electrical fuses contains 3% defectives, and a sample of 100 fuses was obtained from the box. a. Find the probability of obtaining less than 2 defective fuses. (Round to four decimal places.) b. Find the expected number of defective fuses in the sample. (Round to the nearest wh...

1 answer

##### Need help on how to get to the answer. Answer is given. cost of equipment (10,000)...

Need help on how to get to the answer. Answer is given. cost of equipment (10,000) outflow 1. Ames Co. is planning an investment project of a five-year contract to provide component parts for a large manufacturer. The project has the following requirements and annual cash flows. The project requires...

1 answer

##### A hypothesis test yields a test statistic of z = 1.18. Compute the P-value if this...

A hypothesis test yields a test statistic of z = 1.18. Compute the P-value if this is a one-tailed test and if it is a two-tailed test. O one-tailed P-value is 0.881; and two-tailed P-value is 0.4405 O one-tailed P-value is 0.119; and two-tailed P-value is 0.238 one-tailed P-value is 0.119; and two-...