4 questions Types of businesses, accounting homework help

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Your Assignment consists of the following: TEMPLATE IS ATTACHED

Exercises 1-1, 1-6, 1-12, and 1-18

1-1

Types of businesses

Obj|1

Indicate whether each of the following companies is primarily a service, merchandise, or manufacturing business. If you are unfamiliar with the company, you may use the Internet to locate the company’s home page or use the finance Web site of Yahoo.com.

·  1.Allstate

·  2.Best Buy

·  3.Boeing

·  4.Caterpillar

·  5.Citigroup

·  6.CVS Caremark

·  7.Dow Chemical

·  8.Eli Lilly

·  9.First BanCorp

·  10.Ford Motor

·  11.Goodyear Tire & Rubber

·  12.Hilton Hotels

·  13.H&R Block Inc.

·  14.Pfizer

·  15.Sears Roebuck


1-6

Accounting equation

Obj|4

✓ a. $10,829

Costco

Target

Wal-Mart

Assets

$23,815

$44,533

$ (c) 

Liabilities

 12,986

(b)

97,777

Stockholders’ equity

(a)

15,347

72,929

Determine the missing amounts (in millions) for the condensed balance sheets shown


1-12

Financial statement items

Obj|4

Identify each of the following items as (a) an asset, (b) a liability, (c) revenue, (d) an expense, or (e) a dividend:

·  1.Amounts due from customers

·  2.Amounts owed suppliers

·  3.Cash on hand

·  4.Cash paid to stockholders

·  5.Cash sales

·  6.Equipment

·  7.Note payable owed to the bank

·  8.Rent paid for the month

·  9.Sales commissions paid to salespersons

·  10.Wages paid to employees




1-18

Statement of cash flows

Obj|4

Indicate whether each of the following cash activities would be reported on the statement of cash flows as (a) an operating activity, (b) an investing activity, or (c) a financing activity.

·  1.Issued capital stock

·  2.Paid rent

·  3.Paid for office equipment

·  4.Sold services

·  5.Issued a note payable

·  6.Sold excess office equipment

·  7.Paid officers’ salaries

·  8.Paid for advertising

·  9.Paid insurance

·  10.Paid dividends

 
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