Exercise 11.05 – Ernie’s Electronics
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Analyze four transactions and indicate in which section each item would be reported for Ernie’s Electronics.
Analyze four transactions and indicate in which section each item would be reported for Ernie’s Electronics.
Analyze four transactions and indicate in which section each item would be reported for Ernie’s Electronics.
Given the sales, net operating income, average operating assets, and the minimum rate of return for two divisions… calculate ROI and residual income for both.
Your numbers will vary.
Prepare a correct format for Technology Solutions.
Prepare the operating activities section of the statement of cash flows using the indirect method.
Your numbers will vary.
Given a table on three different companies… fill in the missing data.
Your numbers will vary.
Prepare the operating activities section of the statement of cash flows using the indirect method.
Your numbers will vary.
Prepare the statement of cash flows using the indirect method.
Your numbers will vary.
Calculate the net cash flows from financing activities for Marigold. Include cash received from collections from customers, interest on notes receivable, collection of notes receivable, sale of investments, and issuance of notes payable. Also include cash paid for the purchase of inventory, interest on notes payable, purchase of equipment, salaries to employees, payment of notes payable, and dividends to shareholders. Make sure to indicate amounts to be deducted with a minus sign.
Your numbers will vary.
Prepare the operating activities section of the statement of cash flows using the indirect method.
Your numbers will vary.