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Topic: Business
Number of pages / Number of words: 7 / 1727
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Case 2-1 Maynard Company

|Maynard Company | |Maynard Company |

|Balance Sheet | |Balance Sheet |

|As of June 1 | |As of June 30 |

| | | | | | | |

|ASSETS | |ASSETS |

| | | | | | | |

|Current Assets | | | |Current Assets | | |

|Cash |$34,983 | | |Cash |$66,660 | |

|A/C Receivables |$21,798 | | |A/C Receivables |$26,505 | |

|Merchandise Inventory |$29,835 | | |Merchandise Inventory |$26,520 | |

|Notes Receivables |$11,700 | | |Notes Receivables |$0 | |

|Prepaid Insurance |$3,150 | | |Prepaid Insurance |$2,826 | |

|Supplies on Hand |$5,559 | | |Supplies on Hand |$6,630 | |

| | | | | | | |

|Total Current Assets | |$107,025 | |Total Current Assets | |$129,141 |

| | | | | | | |

|Properties, Plant and Equipment | | | |Properties, Plant and Equipment | | |

|Land | |$89,700 | |Land | |$89,700 |

|Building and Equipment |$598,260 | | |Building and Equipment |$621,660 | |

|Less: Accumulated Depreciation |$161,304 |$436,956 | |Less: Accumulated Depreciation |$163,878 |$457,782 |

|Net: Properties, Plant and Equipment | |$526,656 | |Net: Properties, Plant and Equipment | |$547,482 |

| | | | | | | |

|Other Assets | | | |Other Assets | | |

|Other Non-current Assets | |$4,857 | |Other Non-current Assets | |$5,265 |

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|Total Assets | |$638,538 | |Total Assets | |$681,888 |

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|LIABILITIES AND OWNER'S EQUITY | |LIABILITIES AND OWNER'S EQUITY |

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|Current Liabilities | | | |Current Liabilities | | |

|Accounts Payable |$8,517 | | |Accounts Payable |$21,315 | |

|Taxes Payable |$5,700 | | |Taxes Payable |$7,224 | |

|Accrued Wages Payable |$1,974 | | |Accrued Wages Payable |$2,202 | |

|Bank Notes Payable |$8,385 | | |Bank Notes Payable |$29,250 | |

| | | | | | | |

| | | | | | | |

|Total Current Liabilities | |$24,576 | |Total Current Liabilities | |$59,991 |

| | | | | | | |

|Other non-current liabilities | |$2,451 | |Other non-current liabilities | |$2,451 |

| | | | | | | |

|Shareholder's Equity | | | |Shareholder's Equity | | |

|Paid-in Capital |$390,000 | | |Paid-in Capital |$390,000 | |

|Retained Earnings |$221,511 | | |Retained Earnings |$229,446 | |

| | | | | | | |

|Total Shareholder's Equity | |$611,511 | |Total Shareholder's Equity | |$619,446 |

| | | | | | | |

|Total Liabilities and Shareholder's Equity | |$638,538 | |Total Liabilities and Shareholder's Equity | |$681,888 |

Questions:

1...


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Case 2-1 Maynard Company

|Maynard Company | |Maynard Company |

|Balance Sheet | |Balance Sheet |

|As of June 1 | |As of June 30 |

| | | | | | | |

|ASSETS | |ASSETS |

| | | | | | | |

|Current Assets | | | |Current Assets | | |

|Cash |$34,983 | | |Cash |$66,660 | |

|A/C Receivables |$21,798 | | |A/C Receivables |$26,505 | |

|Merchandise Inventory |$29,835 | | |Merchandise Inventory |$26,520 | |

|Notes Receivables |$11,700 | | |Notes Receivables |$0 | |

|Prepaid Insurance |$3,150 | | |Prepaid Insurance |$2,826 | |

|Supplies on Hand |$5,559 | | |Supplies on Hand |$6,630 | |

| | | | | | | |

|Total Current Assets | |$107,025 | |Total Current Assets | |$129,141 |

| | | | | | | |

|Properties, Plant and Equipment | | | |Properties, Plant and Equipment | | |

|Land | |$89,700 | |Land | |$89,700 |

|Building and Equipment |$598,260 | | |Building and Equipment |$621,660 | |

|Less: Accumulated Depreciation |$161,304 |$436,956 | |Less: Accumulated Depreciation |$163,878 |$457,782 |

|Net: Properties, Plant and Equipment | |$526,656 | |Net: Properties, Plant and Equipment | |$547,482 |

| | | | | | | |

|Other Assets | | | |Other Assets | | |

|Other Non-current Assets | |$4,857 | |Other Non-current Assets | |$5,265 |

| | | | | | | |

|Total Assets | |$638,538 | |Total Assets | |$681,888 |

| | | | | | | |

|LIABILITIES AND OWNER'S EQUITY | |LIABILITIES AND OWNER'S EQUITY |

| | | | | | | |

|Current Liabilities | | | |Current Liabilities | | |

|Accounts Payable |$8,517 | | |Accounts Payable |$21,315 | |

|Taxes Payable |$5,700 | | |Taxes Payable |$7,224 | |

|Accrued Wages Payable |$1,974 | | |Accrued Wages Payable |$2,202 | |

|Bank Notes Payable |$8,385 | | |Bank Notes Payable |$29,250 | |

| | | | | | | |

| | | | | | | |

|Total Current Liabilities | |$24,576 | |Total Current Liabilities | |$59,991 |

| | | | | | | |

|Other non-current liabilities | |$2,451 | |Other non-current liabilities | |$2,451 |

| | | | | | | |

|Shareholder's Equity | | | |Shareholder's Equity | | |

|Paid-in Capital |$390,000 | | |Paid-in Capital |$390,000 | |

|Retained Earnings |$221,511 | | |Retained Earnings |$229,446 | |

| | | | | | | |

|Total Shareholder's Equity | |$611,511 | |Total Shareholder's Equity | |$619,446 |

| | | | | | | |

|Total Liabilities and Shareholder's Equity | |$638,538 | |Total Liabilities and Shareholder's Equity | |$681,888 |

Questions:

1...


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General points of the essay

Accounting Assets Capital Assets Current and Non-current Assets Equity, Cash Flow, and Notes Analysis Equity, Cash Flow, and Notes analysis Paper KMART Equity, cash flow, notes Misappropriation of Assets The Importance of Intangible Assets Non Performing Assets Separation of assets in Florida Capital Assets Pricing Model Current Liabilities and Contingencies Air Bags - Assets Or Assault Impacting Laws, Regulations And Contractual Obligations For Critical Information Assets Management of intellectual assets by organisations

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