Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.

Mary Francis comes into your office later that morning.

“Good news! I think we’ve got strong potential investors!” Mary announces.

“That’s great!” you reply.

“And now, they are asking for financial information” Mary states.

“Ok, I could provide a 50-page analysis for them!” you say.

“That’s exactly what they don’t want. I’m beginning to notice that some of the investors don’t have a strong finance background, and the last thing we want to do is scare them off with too many financial figures” Mary explains. I would like for you to complete a presentation. However, I want you to keep it simple and clear. Using all 3 Financial Statements, please provide an analysis on Apix’s assets, liabilities, cash, and profit. As well, choose 2 additional components on each of the sheets, and provide your initial impression on the company financial situation. Do you think you could handle this?”

“Of course! I’ll get started on this right away.”

374,500)

Less: Depreciation Expense

(27,850)

(26,000)

Gross Margin

97,850

74,500

Apex Printing
Balance Sheets
As of December 31, 2013 and 2012
000$		000$
Assets	2013		2012
Cash	6,000		5,700
Accounts Receivable	2,350		2,300
Inventory	12,100		6,500
Total Current Assets	20,450		14,500
Land	25,000		20,000
Building & Equipment	300,000		300,000
Less: Accumulated Depreciation - Building & Equipment	(187,850)		(160,000)
Total Long Term Assets	137,150		160,000
Total Assets	157,600		174,500
Liabilities and Stockholders' Equity
Accounts Payable	4,600		3,500
Salaries Payable	0		2,100
Interest Payable	1,500		0
Short Term Notes Payable	12,000		0
Taxes Payable	0		5,600
Total Current Liabilities	18,100		11,200
Mortgate Payable	54,950		100,000
Total Long Term Liabilities	54,950		100,000
Common Stock	60,000		60,000
Retained Earnings	24,550		3,300
Total Stockholders' Equity	84,550		63,300
Total Liabilities and Stockholders' Equity	157,600		174,500

Apex Printing

Income Statements

For the Periods Ended December 31, 2013 and 2012

000$

2013

2012

Revenue:

450,000

475,000

Less: Cost of Goods Sold

(324,300)

(

Selling, General & Administrative Expenses

(29,100)

(32,000)

Income Before Interest & Taxes

68,750

42,500

Interest Expense

(7,500)

(6,000)

Income Before Taxes

61,250

36,500

Income Taxes

(35,000)

(30,000)

Net Income

26,250

6,500

Mary also indicates that she would like between 10–15 slides with 150–200 words in the notes page.

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Reading Assignment

Words of Wisdom, Chapters 5 & 6

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Assignment Objectives

·Discuss the influence of the institutional structure on the form and content of financial statements and describe how financial data are assembled and integrated onto an articulated set of financial statements.

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Assignment Details

Assignment Description

Respond to the following scenario with your thoughts, ideas, and comments. Be substantive and clear, and use research to reinforce your ideas.

Mary Francis comes into your office later that morning.

“Good news! I think we’ve got strong potential investors!” Mary announces.

“That’s great!” you reply.

“And now, they are asking for financial information” Mary states.

“Ok, I could provide a 50-page analysis for them!” you say.

“Of course! I’ll get started on this right away.”

Mary also indicates that she would like between 10–15 slides with 150–200 words in the notes page.

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Reading Assignment

Words of Wisdom, Chapters 5 & 6

Click intellipath_Suggestions

Click intellipath for Student Tips about the Intellipath assignment.

Click intellipath for Frequently Asked Questions about the intellipath assignment.

Assignment Objectives

Other Information

There is no additional information to display at this time.

Legend

·Extra Credit

·View Assignment Rubric

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