Air and Sea Travel Case Study

During April, the business provided travel services for clients. It is now April 30, and investors wonder how well Air Sea Travel performed during its first month. They also want to know the company’s financial position at the end of April and its cash flows during the month. The following data is listed in alphabetical order. Prepare the Air Sea Travel financial statements at end of April 20X6. Accounts payable |$100 |Land |$18,000 | |Accounts receivable |2,000 |Office supplies |500 | |Adjustments to reconcile net | |Payments of cash: | | | income to net cash provided | | Acquisition of land |40,000 | | by operating activities |(2,400) | Dividends |2,100 | |Cash balance at the beginning of April |0 |Rent expense |1,100 | |Cash balance at the end of April |33,300 |Retained earnings at the beginning of April | | | | | |0 | |Cash receipts: | |Retained earnings at the end of April |? | | Issuance stock |50,000 |Salary expense | 1200 | | Sale of land |22,000 |Service revenue |8,500 | |Common stock |50,000 |Utilities xpense |400 | |Dividends |2,100 | | | 1. Prepare the income statement, the statement of retained earnings, the statement of cash flows for the month ended April 30, 20X6, and the balance sheet at April 30, 20X6. 2. Answer the following questions: a. How well did Air Sea Travel perform during its first month of operations? b. Where does Air Sea Travel stand financially at the end of April? ASSETSLIABILITIES Cash33,300Account payable100 Account receivable2,000Land 18,000 Insurance stock50,000Office supplies500 Sale of land 22,000Payment of cash Common stock50,000 Acquisition of land40,000 Dividends2,100 Dividends2,100 Service revenue8,500Rent expense1,100 Salary expense1,200 Utilities expense400 Adjustment to reconcile 2,400 net income to net cash provided by operating activities 1. |Air Sea Travel Inc. | |Income Statement | |April 30, 20X6 | |Revenues |8,500 | |Expenses |2,700 | |Rent expense 1,100 | |Salary expense |1200 | |Utilities expense |400 | |Net income |5,800 | |Air Sea Travel Inc. | |Statement of Retained Earnings | |April 30, 20X6 | | | | |Beginning of Retained Earnings |0 | |Net income |5,800 | |Cash dividends |(2,100) | |Ending Retained Earnings |3,700 | |Air Sea Travel Inc. |Balance Sheet | |April 30, 20X6 | | | | |Assets | | |Cash |33,300 | |All other assets |20,500 | |Land |18,000 | |Office supplies |500 | |Account receivable |2,000 | |Total assets |53,800 | |Liabilities | | |Acount Payable |100 | |Total liabilities |100 | |Stockholder’s equity | | |Common stock |50,000 | |Retained earnings |3,700 | |All other equity |0 | |Total liabilities and stockholder’s equity |53,800 | |Air Sea Travel Inc. |Statement of Cash Flows | |April 30, 20X6 | |Net cash provided by operating activities | |3,400 | |Net income |5,800 | | |Adjustments to reconcile net income to net cash provided by operating activities |(2,400) | | |Net cash used for investing activities | |(18,000) | | Sale of land |22,000 | | |Acquisition of land |(40,000) | | |Net cash provided by financing activities | |47,900 | |Issuance stock |50,000 | | |Dividends |(2,100) | | |Net change in cash | | 33,300 | |Beginning cash balance | |0 | |Ending cash balance | | 33,300 | 2. a) They performed very well, since they got profit in the end of the month. They do not pay too much salary and they don’t have too many depts. To be a financially well-managed company, it must generate profit, meaning there is more money coming in than going out. This looks to be well managed company since there is a lot of profit in the end of the month. Income Statement, Statement of Retained Earnings, Balance Sheet and Statement of Cash Flows are all on the plus side. Nothing seems to be out of order. b) They have 33,300 retained earnings at the end of April, which means a good profit. Air and Sea Travel Case Study During April, the business provided travel services for clients. It is now April 30, and investors wonder how well Air Sea Travel performed during its first month. They also want to know the company’s financial position at the end of April and its cash flows during the month. The following data is listed in alphabetical order. Prepare the Air Sea Travel financial statements at end of April 20X6. Accounts payable |$100 |Land |$18,000 | |Accounts receivable |2,000 |Office supplies |500 | |Adjustments to reconcile net | |Payments of cash: | | | income to net cash provided | | Acquisition of land |40,000 | | by operating activities |(2,400) | Dividends |2,100 | |Cash balance at the beginning of April |0 |Rent expense |1,100 | |Cash balance at the end of April |33,300 |Retained earnings at the beginning of April | | | | | |0 | |Cash receipts: | |Retained earnings at the end of April |? | | Issuance stock |50,000 |Salary expense | 1200 | | Sale of land |22,000 |Service revenue |8,500 | |Common stock |50,000 |Utilities xpense |400 | |Dividends |2,100 | | | 1. Prepare the income statement, the statement of retained earnings, the statement of cash flows for the month ended April 30, 20X6, and the balance sheet at April 30, 20X6. 2. Answer the following questions: a. How well did Air Sea Travel perform during its first month of operations? b. Where does Air Sea Travel stand financially at the end of April? ASSETSLIABILITIES Cash33,300Account payable100 Account receivable2,000Land 18,000 Insurance stock50,000Office supplies500 Sale of land 22,000Payment of cash Common stock50,000 Acquisition of land40,000 Dividends2,100 Dividends2,100 Service revenue8,500Rent expense1,100 Salary expense1,200 Utilities expense400 Adjustment to reconcile 2,400 net income to net cash provided by operating activities 1. |Air Sea Travel Inc. | |Income Statement | |April 30, 20X6 | |Revenues |8,500 | |Expenses |2,700 | |Rent expense 1,100 | |Salary expense |1200 | |Utilities expense |400 | |Net income |5,800 | |Air Sea Travel Inc. | |Statement of Retained Earnings | |April 30, 20X6 | | | | |Beginning of Retained Earnings |0 | |Net income |5,800 | |Cash dividends |(2,100) | |Ending Retained Earnings |3,700 | |Air Sea Travel Inc. |Balance Sheet | |April 30, 20X6 | | | | |Assets | | |Cash |33,300 | |All other assets |20,500 | |Land |18,000 | |Office supplies |500 | |Account receivable |2,000 | |Total assets |53,800 | |Liabilities | | |Acount Payable |100 | |Total liabilities |100 | |Stockholder’s equity | | |Common stock |50,000 | |Retained earnings |3,700 | |All other equity |0 | |Total liabilities and stockholder’s equity |53,800 | |Air Sea Travel Inc. |Statement of Cash Flows | |April 30, 20X6 | |Net cash provided by operating activities | |3,400 | |Net income |5,800 | | |Adjustments to reconcile net income to net cash provided by operating activities |(2,400) | | |Net cash used for investing activities | |(18,000) | | Sale of land |22,000 | | |Acquisition of land |(40,000) | | |Net cash provided by financing activities | |47,900 | |Issuance stock |50,000 | | |Dividends |(2,100) | | |Net change in cash | | 33,300 | |Beginning cash balance | |0 | |Ending cash balance | | 33,300 | 2. a) They performed very well, since they got profit in the end of the month. They do not pay too much salary and they don’t have too many depts. To be a financially well-managed company, it must generate profit, meaning there is more money coming in than going out. This looks to be well managed company since there is a lot of profit in the end of the month. Income Statement, Statement of Retained Earnings, Balance Sheet and Statement of Cash Flows are all on the plus side. Nothing seems to be out of order. b) They have 33,300 retained earnings at the end of April, which means a good profit.

Molecular diagnosis of Neonatal mellitus Research Paper

Molecular diagnosis of Neonatal mellitus - Research Paper Example Therefore, the adoption of whole exome sequencing (WES) for diagnosis of NDM at molecular level provided a remedy in general management of NDM as asserted by Bonnefond et al (2010).  Molecular diagnosis of NDM has had several achievements such as it permitted a more rapid and cost-effective diagnosis problems. The analysis of patients with monogenic forms of diabetes is now very fast since the use of molecular diagnosis makes it possible of analysing many diabetes genes simultaneously (Bonnefond et al, 2010).   Molecular diagnosis is applicable where the use of sanger-based sequencing was inefficient. Most importantly, the use of whole exome sequencing for molecular diagnosis is an exceptional tool for further genetic research. In addition, WES is important in further identification of new casual mutations (Ylikallio et al, 2014). For example, the use of WES has identified a new mutation of ABCC8. Therefore, this technology is more comprehensive, cheaper and less labour intensive as compared to other standard sequencing protocols.The Molecular Diagnosis of NDA  Studies show that almost half of NDM cases are transient (TNDM) while the other forms are permanent (PNDM) (Carroll, Brilhante, and Suomalainen, 2014). The several cases of both the forms of NDM that were attend to since the adoption of WES use shows that, majority of all the cases handled had TNDM form. This form had abnormality in chromosome 6q24 and a diagnosis on the frequent cause of NDM shows there is mutation in the pancreatic beta cells.

Business of Ford Pinto Essay Example | Topics and Well Written Essays - 500 words

Business of Ford Pinto - Essay Example For advocates of utilitarian ethics, an ethical doctrine that states that the decision or course of action that will yield the highest benefit (or utility) is the best and most morally upright, on the other hand, the continued production of Ford Pinto after knowing that it has a major safety flaw is unjustifiable. First looking at the benefit or the utility that Ford, itself, will receive out of releasing Pinto in the market, utilitarians may argue that production of this product knowing that it has a vital defect is itself unjustifiable. There is no good reason why Ford will endanger its reputation to the public. Though they may reap benefits in terms of profit in the short run, still it will not compensate the loss of trust that their risky move will engender. This marred reputation most probably will result in lower sales in the future. In terms of its responsibility to the society, Ford’s move for utilitarians is irresponsible and unacceptable. Though it may have computed the cost that they may incur once there compensate casualties because of their product, still that does not justify the loss of a human life because of their negligence and irresponsibility. In terms of computing financial costs, a human life and moral damages are incomparable to the figures that they released. Ford also know even before the launching of the car that additional parts and equipment might have saved the lives of their customers, yet still, they commenced the production without adding it.