Fin-419 Week 3 Assignment

* The spare-time activity are responses to the following problems from the text: Ch. 2: P2-2, Ch. 4: P423, P446, Ch. 6: P615, and Ch. 7: P76.

* Chapter 2: P22
Financial disceptation notice identification: Mark all(prenominal) of the accounts listed in the following table as follows:
a) In column (1), indicate in which statementâ€"income statement (IS) or balance sheet (BS)â€"the account belongs.
b) In column (2), indicate whether the account is a flow rate plus (CA), current liability (CL), set down (E), fixed asset (FA), long-term debt (LTD), tax (R), or stockholders equity (SE).





| (a)| (b)|
Account construct| Statement| Type of account|
Accounts due| BS| CL|
Accounts receivable| BS| CA|
Accruals| BS| CL|
hoard depreciation| BS| FA|
Administrative expense| IS| E|
Buildings| BS| FA|
Cash| BS| CA|
Common stock (at par)| BS| SE|
Cost of goods sold| IS| E|
Depreciation| IS| E|
Equipment| BS| FA|
General expense| IS| E|
Interest expense| IS| E|
Inventories| BS| CA|
Land| BS| FA|
long debts| BS| LTD|
Machinery| BS| FA|
Marketable securities| BS| CA|
Notes payable| BS| CL|
Operating expense| IS| E|
Paid-in nifty in excess of par| BS| SE|
preferable stock| BS| SE|
Preferred stock dividends| IS| E|
Retained earnings| BS| SE|
Sales revenue| IS| R|
Selling expense| IS| E|
Taxes| IS| E|
Vehicles| BS| FA|
*
* Chapter 4: P423
Funding your retirement: You plan to retire in exactly 20 years. Your goal is to create a descent that forget allow you to receive $20,000 at the end of each year for the 30 years between retirement and finish (a psychic told you would die exactly 30 years after you retire). You know that you will be able to earn 11% per year during the 30-year retirement period.

a. How large a fund will you need when you retire in 20 years to hand over the 30
year, $20,000 retirement annuity?

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