Apex printing | Business & Finance homework help

Apex Printing Balance Sheets As of December 31, 2013 and 2012 000$ 000$ Assets 2013 2012 Cash 6,000 5,700 Accounts Receivable 2,350 2,300 Inventory 12,100 6,500 Total Current Assets 20,450 14,500 Land 25,000 20,000 Building & Equipment 300,000 300,000 Less: Accumulated Depreciation – Building & Equipment (187,850) (160,000) Total Long Term Assets 137,150 160,000 Total Assets 157,600 174,500 Liabilities and Stockholders’ Equity Accounts Payable 4,600 3,500 Salaries Payable 0 2,100 Interest Payable 1,500 0 Short Term Notes Payable 12,000 0 Taxes Payable 0 5,600 Total Current Liabilities 18,100 11,200 Mortgate Payable 54,950 100,000 Total Long Term Liabilities 54,950 100,000 Common Stock 60,000 60,000 Retained Earnings 24,550 3,300 Total Stockholders’ Equity 84,550 63,300 Total Liabilities and Stockholders’ Equity 157,600 174,500 Apex Printing Income Statements For the Periods Ended December 31, 2013 and 2012 000$ 000$ 2013 2012 Revenue: 450,000 475,000 Less: Cost of Goods Sold (324,300) (374,500) Less: Depreciation Expense (27,850) (26,000) Gross Margin 97,850 74,500 Selling, General & Administrative Expenses (29,100) (32,000) Income Before Interest & Taxes 68,750 42,500 Interest Expense (7,500) (6,000) Income Before Taxes 61,250 36,500 Income Taxes (35,000) (30,000) Net Income 26,250 6,500 Apex Printing Statement of Cash Flows For the Period Ended December 31, 2013 000$ Cash Flows from Operating Activities: Net Income 26,250 Adjustments to reconcile net income to net cash provided by operating activities Depreciation Expense 27,850 Increase in accounts receivable (50) Increase in inventory (5,600) Decrease in salaries payable (2,100) Increase in interest payable 1,500 Decrease in taxes payable (5,600) Increase in Short Term notes Payable 12,000 Increase in accounts payable 1,100 Net Cash Flow from Operating Activities 55,350 Cash Flows from Investing Activities: Cash paid to purchase land (5,000) Net Cash Flow from Investing Activities (5,000) Cash Flows From Financing Activities: Cash paid for mortgage (45,050) Cash paid for dividends (5,000) Net Cash Flow from Financing Activities (50,050) Net Increase in Cash 300 Plus: Cash Balance at December 31, 2012 5,700 Cash Balance at December 31, 2013 6,000

Order a unique copy of this paper
(550 words)

Approximate price: $22

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

101papers.com is always working towards customer satisfaction. Our professional academic writers always aim at producing comprehensive papers that possess quality and originality at pocket-friendly prices. Students are assured that all their private information is safe with us.

Money-Back Guarantee

101papers.com provides a system where students can request for money-back in case they cancel the order or in the rare instances of dissatisfaction. The refund policy adheres to the company’s term and conditions on money-back.

Read more

Zero-Plagiarism Guarantee

While providing the best professional essay writing services, we guarantee all our students of plagiarism-free papers. All papers produced by our professional academic writers are checked against all web resources and previously completed papers to avoid plagiarism.

Read more

Free Revision Policy

In our urge to provide the best professional essay writing services, we guarantee students of free revision policy. The free revision policy is a courtesy service where students can request for unlimited for their completed papers. We always aim at achieving 100% customer satisfaction rates. The free revision policy is one among many of our major advantages.

Read more

Privacy Policy

At 101papers.com, every student is entitled to total security. Our professional academic writers are always committed to protecting all private information of our customers. We do not share any personal information with third parties. Additionally, we provide safe systems for all online transactions.

Read more

Fair-Cooperation Guarantee

Working with us is the greatest step towards achieving all your academic goals. We always deliver the best professional essay writing services as promised. We, therefore, expect all students to work cooperatively with us, as we work towards achieving our goal, your satisfaction. This way, all services will be delivered accurately and on time.

Read more

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:
The price is based on these factors:
Academic level
Number of pages