Question : 141. The board of directors declared cash dividends totaling $242,000 during : 1234263

Accounting

141. The board of directors declared cash dividends totaling $242,000 during the current year. The comparative balance sheet indicates dividends payable of $48,000 at the beginning of the year and $59,000 at the end of the year. What was the amount of cash payments to stockholders during the year?

142. An analysis of the general ledger accounts indicates that equipment, which had cost $148,000 and on which accumulated depreciation totaled $105,000 on the date of sale, was sold for $39,000 during the year. Using this information, indicate the items to be reported on the statement of cash flows.

143. On the basis of the following data for Teller Co. for 2008 and the preceding year ended December 31, 2008, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. Assume that equipment costing $125,000 was purchased for cash and equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000; that the stock was issued for cash; and that the only entries in the retained earnings account were net income of $51,000 and cash dividends declared of $13,000.

144. The comparative balance sheet of Pell Company, for 2008 and the preceding year ended December 31, 2007, appears below in condensed form:

Year

2008

2007

Cash

$ 53,000

$ 50,000

Accounts receivable (net)

37,000

48,000

Inventories

108,500

100,000

Investments

…..

70,000

Equipment

573,200

450,000

Accumulated depreciation-equipment

(142,000)

(176,000)

$629,700

$542,000

Accounts payable

$ 62,500

$ 43,800

Bonds payable, due 2010

…..

100,000

Common stock, $10 par

325,000

285,000

Paid-in capital in excess of par–

common stock

80,000

55,000

Retained earnings

162,200

58,200

$629,700

$542,000

The income statement for the current year is as follows:

Sales

$625,700

Cost of merchandise sold

340,000

Gross profit

$285,700

Operating expenses:

Depreciation expense

$26,000

Other operating expenses

68,000

94,000

Income from operations

$191,700

Other income:

Gain on sale of investment

$ 4,000

Other expense:

Interest expense

6,000

(2,000)

Income before income tax

$189,700

Income tax

60,700

Net income

$129,000

Additional data for the current year are as follows:

(a)

Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $183,200.

(b)

Bonds payable for $100,000 were retired by payment at their face amount.

(c)

5,000 shares of common stock were issued at $13 for cash.

(d)

Cash dividends declared and paid, $25,000.

Prepare a statement of cash flows, using the indirect method of reporting cash flows from operating activities.

145. The comparative balance sheet of Nelson Company, for 2008 and the preceding year ended December 31, 2007, appears below in condensed form:

Year

2008

2007

Cash

$ 68,000

$ 42,500

Accounts receivable (net)

61,000

70,200

Inventories

121,000

105,000

Investments

…..

100,000

Equipment

515,000

425,000

Accumulated depreciation-equipment

(153,000)

(175,000)

$612,000

$567,700

Accounts payable

$ 59,750

$ 47,250

Bonds payable, due 2010

…..

75,000

Common stock, $20 par

375,000

325,000

Premium on common stock

50,000

25,000

Retained earnings

127,250

95,450

$612,000

$567,700

Additional data for the current year are as follows:

(a)

Net income, $71,800.

(b)

Depreciation reported on income statement, $38,000.

(c)

Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,000.

(d)

Bonds payable for $75,000 were retired by payment at their face amount.

(e)

2,500 shares of common stock were issued at $30 for cash.

(f)

Cash dividends declared and paid, $40,000.

(g)

Investments of $100,000 were sold for $125,000.

Prepare a statement of cash flows using the indirect method.

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July 1, 2023

Write a sample cover letter that highlights why you would be ideal for a marketing position at a Company of your pick in Florida . In the cover letter, you need to mention the position and discuss the tasks that would be required of you in that position. You can address the cover letter to either a real or fabricated person/organization. Do not address it to “To Whom It May Concern” or “Dear Sir/Madam” or anything else-generic.

Cover Letter Content: • Includes your contact information, date, salutation/greeting (with hiring manager’s full name, title, company, address), body, closing, signature - i.e., major components of a cover letter. • Components are organized logically and overall the letter is attractive. • Letter is concise. • Audience is clear; addressed to real or fabricated person/organization. • Identifies specific position and why you would be ideal for it. Discusses tasks required for that position and knowledge of potential employer. • Discusses your relevant skills, experience, etc. that will make you ideal for the position. • Includes request for interview or meeting with specific manner of follow-up/reverse call to action, note of appreciation, and mentions resume in closing.

BELLOW IS A PART OF MY RESUME TO HELP WRITE THE COVER LETTER.

Summary

Motivated sales driven rental manager focused on attaining a motivated and competitive work environment along with dynamic operating conditions. Customer service oriented and methodical with strengths in accounts maintenance.

Skills

· Key accounts and territory management

· Capital improvement planning

· Systems and automation applications

· Brand management

Experience

Enterprise Holdings | Miami, FL

Assistant Branch Rental Manager

11/2019 – 11/2020

· Remained calm and professional in stressful circumstances and when dealing with unhappy customers, effectively diffusing situations.

· Met with each associate to establish realistic monthly sales goals.

· Strengthened product branding initiatives and coordinated effective marketing campaigns.

· Reviewed employee performance every week and delivered constructive feedback to improve weaknesses.

· Upheld internal standards and productivity goals to meet sales and growth targets.

· Identified growth areas requiring immediate improvement and rolled out marketing program, boosting branch's fleet 16%.

· Executed non-negotiable strategies to foster better customer service and promote positive and engaging environment for all.

· Drove profit increases by leveraging market knowledge and natural leadership talents.

Enterprise Holdings | Miami, FL

Management Trainee

05/2019 - 11/2019

· Ranked 1st place on the sales performance ranking for 4 consecutive months with a total additional revenue of $160,000.

· Achieved a 4-month Customer Service score of 87%, 3 points above corporate average.

· Ran daily sales reports to assess performance and make proactive adjustments.

Equinox | Miami, FL

Sales Associate

10/2017 - 06/2018

· Arranged special accommodations for guests to maintain optimal satisfaction

· Managed all front desk operations for busy high-volume Health Club.

· Confirmed transactional data by verifying name and payment information and clearly communicating costs and fees to patrons.

· Participated Management Assistance, handling member's accounts and payments.

· Supported Membership Advising participating in more than 100 memberships sold.