Intro to Finance Final Exam

MBA 600 FINAL EXAM 1.(20 POINTS) The count oning staff at moon ray Enterprises prepares monthly financial statements. At the end of April 2004 the company had the following account balances: Land$45,000 Notes payable$33,000 Merchandise inventory$12,480 Buildings$50,000 Cash$10,360 outstanding deport $38,770 Retained earnings, April 30$46,070 Salary put down$15,050 gross revenue revenue$26,000 Supplies expense$ 1,300 Income tax expense$ 1,060 Fuel expense$ 1,500 policy expense$ 550 Interest expense$ 900 INSTRUCTIONS: sterilise an income statement and balance sheet in good form. For from each one statement, use a three-line heading on the statement that includes (a) the make out of the company, (b) the name of the statement, and (c) the appropriate time period or date.

Moonbeam Enterprises| Balance Sheet| calendar month Ending 4/30/2004| Assets|  | Liabilities|  | Cash| 10,350| Notes Payable| 33,000| Supplies| 1,300|  |  | Land| 45,000| Owners Equity|  | Buildings| 50,000| Capital Stock| 38,770|  |  |  |  | Total Assets| 106,650| Total Liabilities and owners equity| 5,770| | | | | Moonbeam Enterprises| Income Statement| Month Ending 4/30/2004| Sales Revenue|  | 110840|  | century%| Revenue:|  |  |  |  |  | Inventory| 12,480|  |  |  |  |  | 98360| 88.70%| Expenses:|  |  |  |  |  | Salary| 15,050|  | 13.50%|  | Supplies| 1,300|  | 1.10%|  | Income tax| 1,060|  | 0.95%|  | Fuel| 1,500|  | 1.30%|  | Insurance| 550|  | 0.50%|  | Interest| 900|  | 0.81%|  | Total Operating Expenses|  | 20,310| 18.30%| Operating Income|  |  | 78050| 70.40%| 2.(10 POINTS) Al Rosen invests $25,000 in a mint condition 1952 Mickey Mantle Topps baseball card. He expects the card to increase in value 12 percent per year for the... If you want to get a just essay, order it on our website: Orderessay

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