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    Santanderio Inc.: Consolidated Financial Statements

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    Please assist showing the math. The below chart which is already completed attached is needed to complete.

    SANTANDERIO INC.
    1.This small New York Company is a distributor of special electronic lamps.

    These lamps are purchased by laboratories and research centers throughout the country.

    Retained Earnings, 12/31/2000 (Beg.Bal.) $41,000

    Net Income $37,000

    Paid in Capital (PIC) NONE

    Dividends Paid $12,000

    Show "Formulas" and "Math" for every answer hereunder:

    Inventory =

    Land =

    A/P =

    Total Liabilities =

    Retained Earnings =

    Common Stock =

    Total L + OE =

    2.Complete the Consolidated Balance Sheet of Santanderio Inc. for 2002 knowing the following:
    Cash Increased by $2,000

    Advertising Costs increased by $1,500

    Short Term Debt decreased by $1,000

    Accounts Receivable was reduced by $2,000

    Show "Formulas" and "Math" for every answer hereunder:

    Cash =

    Advertising =

    Short Term Debt =

    Accounts Receivable =

    Total Current Assets =

    Total Prop., Plant & Equipment =

    Total Current Liabilities =

    Total Liabilities =

    Total O/E =

    3.Complete the Consolidated Balance Sheet of Santanderio Inc. for 2003 knowing the following:
    The Company purchased merchandise during the year as follows:

    Date Merchandise Item Price

    January 6 400 $51.50

    February 9 150 $53.00

    June 14 200 $49.00

    July 16 250 $50.00

    September 22 300 $51.00

    Beginning Inventory: 1,300 lamps (All lamps purchased at $50.00)

    Ending Inventory: 1,100 lamps

    The company uses FIFO for the inventory cost

    Depreciation: The company purchased a machine in 2002 for $60,000

    and uses the double declining balance depreciation method.

    The depreciation is based on 5 years.

    Cash Increased by $5,000

    Accrued Compensation Increase by $ 700

    Accounts Payable Increased by $4,000

    Show "Formulas" and "Math" for every answer hereunder:

    Cash =

    Accrued Compensation =

    Accounts Payable =

    Merchandise Inventory (FIFO)

    Beginning Inventory =

    Available Inventory =

    Sales =

    COGS =

    End Inventory =

    Total Current Assets =

    Depreciation (Double Declining Depreciation)

    Book Value =

    Year 1 (2002)=

    Year 2 (2003)=

    accumulated Depreciation (This year + prior years) =

    Total Assets =

    Total Current Liabilities =

    L/T Debt =

    Retained Earnings =

    Total L + O/E =

    4.Do an explicit trend analysis for:
    (Your analysis must cover ALL three years)

    Cash =

    2001

    2002

    2003

    Accounts Payable =

    2001

    2002

    2003

    Retained Earnings =

    2001

    2002

    2003

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    Solution Summary

    This solution shows step-by-step data computations for Santanderio Inc.'s consolidated financial statements and also includes full explanations in a tutorial.

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