Blue Hamster Manufacturing Inc. is a hypothetical company. Suppose it has the following balance sheet items reported at the end of its first year of operation. For the second year, some parts are still incomplete. Use the information given to complete the balance sheets for Blue Hamster Manufacturing Inc. for the years ending December 31, Year 2 and 1, respectively.

Blue Hamster Manufacturing Inc.
Balance Sheet
For the Year ended December 31
Year 2 Year 1 Year 2 Year 1
Assets Liabilities and equity
Current assets: Current liabilities:
Cash and-
equivalents $55,350 Accounts payable $0 $0
Accounts receivable $25,312 $20,250 Accruals $3,516 $0
Inventories $74,250 $59,400 Notes payable $19,921 $18,750
Total current assets $168,750 $135,000 Total current liabilities $18,750
Net fixed assets: Long-term debt $70,312 $56,250
Net plant and-
equipment $165,000 Total debt $93,750 $75,000
Common equity:
Common stock $182,812 $146,250
Retained earnings $78,750
Total common-
equity $281,250 $225,000
Total liabilities
Total assets $375,000 $300,000 and equity $375,000 $300,000

Based on your understanding of the balance sheet and its different accounts, if everything else remains the same, the cash item on the current balance sheet is likely to if the firm issues $3 million of new common stock.

Which of the following accurately describes one way that individual goods differ from public goods? a. people can be excluded from using individual goods if they don't pay. b. all individual goods are normal goods. c. demand for individual goods is always inelastic. d. consumer rivalry results in decreasing marginal utility for individual goods.2b2t

The distinction between a normal and an inferior good is

The balance sheet contains the following major sections: current assets long-term investments property, plant, and equipment intangible assets other assets current liabilities long-term liabilities contributed capital retained earnings accumulated other comprehensive income required: the following is a list of accounts. using the letters a through j, indicate in which section of the balance sheet each of the accounts would be classified. if an account does not belong under one of the sections listed, select "not under any of the choices" from the classification drop down box. for all accounts, indicate if the account is a contra account or an account that would normally be deducted on the balance sheet by selecting "yes" from the second drop down box, otherwise select "no". account classification contra or deducted (yes/no) 1. cash 2. bonds payable (due in 8 years) 3. machinery 4. deficit 5. unexpired insurance 6. franchise (net) 7. fund to retire preferred stock 8. current portion of mortgage payable 9. accumulated depreciation 10. copyrights 11. investment in held-to-maturity bonds 12. allowance for doubtful accounts 13. notes receivable (due in 3 years) 14. property taxes payable 15. deferred taxes payable 16. additional paid-in capital on preferred stock 17. premium on bonds payable (due in 8 years) 18. work in process 19. common stock, $1 par 20. land 21. treasury stock (at cost) 22. unrealized increase in value of available-for-sale securities