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HCS 380 Week 3 WileyPLUS Week 3 Homework//tutorfortune.com<br><br>Click on below link to buy<br>https://tutorfortune.com/products/hcs-380-week-3-wileyplus-week-3-homework<br><br>HCS 380 Week 3 WileyPLUS Week 3 Homework<br>Complete the Week Three Homework exercises assigned in WileyPLUS.<br><br>Note: Most assignment activities will be completed in WileyPLUS and will not require you to submit anything in the classroom. If this is the case, the system will tell you that nothing has been submitted; this is correct and does not mean you didn't complete the assignment. As long as you completed the requirements in WileyPLUS, you will earn all appropriate points.<br><br>Problem 2-5A<br><br>The following are financial statements of Bramble Corp..<br><br>Bramble Corp.<br>Income Statement<br>For the Year Ended December 31, 2017<br>Net sales<br> <br>$2,231,500<br>Cost of goods sold<br> <br>1,027,800<br>Selling and administrative expenses<br> <br>918,600<br>Interest expense<br> <br>90,600<br>Income tax expense<br> <br>70,170<br>Net income<br> <br>$ 124,330<br> <br><br>Bramble Corp.<br>Balance Sheet<br>December 31, 2017<br>Assets<br> <br> <br>Current assets<br> <br> <br> Cash<br> <br>$ 73,100<br> Debt investments<br> <br>85,170<br> Accounts receivable (net)<br> <br>189,700<br> Inventory<br> <br>164,200<br> Total current assets<br> <br>512,170<br>Plant assets (net)<br> <br>590,700<br>Total assets<br> <br>$ 1,102,870<br>Liabilities and Stockholdersu2019 Equity<br> <br> <br>Current liabilities<br> <br> <br> Accounts payable<br> <br>$ 173,000<br> Income taxes payable<br> <br>36,670<br> Total current liabilities<br> <br>209,670<br>Bonds payable<br> <br>219,900<br> Total liabilities<br> <br>429,570<br>Stockholdersu2019 equity<br> <br> <br> Common stock<br> <br>365,400<br> Retained earnings<br> <br>307,900<br> Total stockholdersu2019 equity<br> <br>673,300<br>Total liabilities and stockholdersu2019 equity<br> <br>$1,102,870<br> <br>Exercise 6-12<br><br>The following information is available for Pharoah Company for three recent fiscal years.<br><br> <br> <br>2017<br> <br>2016<br> <br>2015<br>Inventory<br> <br>$552,440<br> <br>$569,374<br> <br>$337,484<br>Net sales<br> <br>1,955,006<br> <br>1,692,420<br> <br>1,322,224<br>Cost of goods sold<br> <br>1,532,544<br> <br>1,277,699<br> <br>936,594<br> <br>Exercise 8-14 (Part Level Submission)<br><br>Suppose the following information was taken from the 2017 financial statements of FedEx Corporation, a major global transportation/delivery company.<br><br>(in millions)<br> <br>2017<br> <br>2016<br>Accounts receivable (gross)<br> <br>$ 3,408<br> <br>$ 4,611<br>Accounts receivable (net)<br> <br>3,144<br> <br>4,284<br>Allowance for doubtful accounts<br> <br>264<br> <br>327<br>Sales revenue<br> <br>32,081<br> <br>35,794<br>Total current assets<br> <br>6,739<br> <br>6,864<br> <br>Exercise 9-17<br><br>Crane Company reports the following information (in millions) during a recent year: net sales, $10,185.0; net earnings, $250.0; total assets, ending, $5,130.0; and total assets, beginning, $5,150.0.<br>HCS 380 Week 3 WileyPLUS Week 3 Homework<br>Click on below link to buy<br>https://tutorfortune.com/products/hcs-380-week-3-wileyplus-week-3-homework<br>
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HCS 380 Week 3 WileyPLUS Week 3 Homework//tutorfortune.com Click on below link to buy https://tutorfortune.com/products/hcs-380-week-3-wileyplus-week-3-homework H C S 3 8 0 We e k 3 Wi l e y P L U S We e k 3 H o me w o r k C o mp l e t e t h e We e k T h r e e H o me w o r k e x e r c i s e s a s s i g n e d i n Wi l e y P L U S . N o t e : Mo s t a s s i g n me n t a c t i v i t i e s w i l l b e c o mp l e t e d i n Wi l e y P L U S a n d w i l l n o t r e q u i r e y o u t o s u b mi t a n y t h i n g i n t h e c l a s s r o o m. I f t h i s i s t h e c a s e , t h e s y s t e m w i l l t e l l y o u t h a t n o t h i n g h a s b e e n s u b mi t t e d ; t h i s i s c o r r e c t a n d d o e s n o t me a n y o u d i d n ' t c o mp l e t e t h e a s s i g n me n t . A s l o n g a s y o u c o mp l e t e d t h e r e q u i r e me n t s i n Wi l e y P L U S , y o u w i l l e a r n a l l a p p r o p r i a t e p o i n t s . P r o b l e m 2 - 5 A T h e f o l l o w i n g a r e fi n a n c i a l s t a t e me n t s o f B r a mb l e C o r p . . B r a mb l e C o r p . I n c o me S t a t e me n t F o r t h e Y e a r E n d e d D e c e mb e r 3 1 , 2 0 1 7 N e t s a l e s $ 2 , 2 3 1 , 5 0 0 C o s t o f g o o d s s o l d 1 , 0 2 7 , 8 0 0 S e l l i n g a n d a d mi n i s t r a t i v e e x p e n s e s 9 1 8 , 6 0 0 I n t e r e s t e x p e n s e
9 0 , 6 0 0 I n c o me t a x e x p e n s e 7 0 , 1 7 0 N e t i n c o me $ 1 2 4 , 3 3 0 B r a mb l e C o r p . B a l a n c e S h e e t D e c e mb e r 3 1 , 2 0 1 7 A s s e t s C u r r e n t a s s e t s C a s h $ 7 3 , 1 0 0 D e b t i n v e s t me n t s 8 5 , 1 7 0 A c c o u n t s r e c e i v a b l e ( n e t ) 1 8 9 , 7 0 0 I n v e n t o r y 1 6 4 , 2 0 0 T o t a l c u r r e n t a s s e t s
5 1 2 , 1 7 0 P l a n t a s s e t s ( n e t ) 5 9 0 , 7 0 0 T o t a l a s s e t s $ 1 , 1 0 2 , 8 7 0 L i a b i l i t i e s a n d S t o c k h o l d e r s ’ E q u i t y C u r r e n t l i a b i l i t i e s A c c o u n t s p a y a b l e $ 1 7 3 , 0 0 0 I n c o me t a x e s p a y a b l e 3 6 , 6 7 0 T o t a l c u r r e n t l i a b i l i t i e s 2 0 9 , 6 7 0 B o n d s p a y a b l e 2 1 9 , 9 0 0 T o t a l l i a b i l i t i e s 4 2 9 , 5 7 0 S t o c k h o l d e r s ’ e q u i t y
C o mmo n s t o c k 3 6 5 , 4 0 0 R e t a i n e d e a r n i n g s 3 0 7 , 9 0 0 T o t a l s t o c k h o l d e r s ’ e q u i t y 6 7 3 , 3 0 0 T o t a l l i a b i l i t i e s a n d s t o c k h o l d e r s ’ e q u i t y $ 1 , 1 0 2 , 8 7 0 E x e r c i s e 6 - 1 2 T h e f o l l o w i n g i n f o r ma t i o n i s a v a i l a b l e f o r P h a r o a h C o mp a n y f o r t h r e e r e c e n t fi s c a l y e a r s . 2 0 1 7 2 0 1 6 2 0 1 5 I n v e n t o r y $ 5 5 2 , 4 4 0 $ 5 6 9 , 3 7 4 $ 3 3 7 , 4 8 4
N e t s a l e s 1 , 9 5 5 , 0 0 6 1 , 6 9 2 , 4 2 0 1 , 3 2 2 , 2 2 4 C o s t o f g o o d s s o l d 1 , 5 3 2 , 5 4 4 1 , 2 7 7 , 6 9 9 9 3 6 , 5 9 4 E x e r c i s e 8 - 1 4 ( P a r t L e v e l S u b mi s s i o n ) S u p p o s e t h e f o l l o w i n g i n f o r ma t i o n w a s t a k e n f r o m t h e 2 0 1 7 fi n a n c i a l s t a t e me n t s o f F e d E x C o r p o r a t i o n , a ma j o r g l o b a l t r a n s p o r t a t i o n / d e l i v e r y c o mp a n y . ( i n mi l l i o n s ) 2 0 1 7 2 0 1 6 A c c o u n t s r e c e i v a b l e ( g r o s s ) $ 3 , 4 0 8 $ 4 , 6 1 1 A c c o u n t s r e c e i v a b l e ( n e t )
3 , 1 4 4 4 , 2 8 4 A l l o w a n c e f o r d o u b t f u l a c c o u n t s 2 6 4 3 2 7 S a l e s r e v e n u e 3 2 , 0 8 1 3 5 , 7 9 4 T o t a l c u r r e n t a s s e t s 6 , 7 3 9 6 , 8 6 4 E x e r c i s e 9 - 1 7 C r a n e C o mp a n y r e p o r t s t h e f o l l o w i n g i n f o r ma t i o n ( i n mi l l i o n s ) d u r i n g a r e c e n t y e a r : n e t s a l e s , $ 1 0 , 1 8 5 . 0 ; n e t e a r n i n g s , $ 2 5 0 . 0 ; t o t a l a s s e t s , e n d i n g , $ 5 , 1 3 0 . 0 ; a n d t o t a l a s s e t s , b e g i n n i n g , $ 5 , 1 5 0 . 0 . H C S 3 8 0 We e k 3 Wi l e y P L U S We e k 3 H o me w o r k Click on below link to buy https://tutorfortune.com/products/hcs-380-week-3-wileyplus-week-3-homework
