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The Accountant for Scott Industries Prepared the Following List of Account

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The accountant for Scott Industries prepared the following list of account balances from the company's records for the year ended December 31:  Fees earned $165,000 Cash  Accounts receivable 14,000 Selling expenses  Equipment 64,000 Common stock  Accounts payable 12,000 Interest income  Salaries & wages expense 40,000 Frepaid rent  Income taxes payable 5,000 Income taxes expense  Notes payable 20,000 Rent expense \begin{array} { l r l } \text { Fees earned } & \$ 165,000 & \text { Cash } \\\text { Accounts receivable } & 14,000 & \text { Selling expenses } \\\text { Equipment } & 64,000 & \text { Common stock } \\\text { Accounts payable } & 12,000 & \text { Interest income } \\\text { Salaries \& wages expense } & 40,000 & \text { Frepaid rent } \\\text { Income taxes payable } & 5,000 & \text { Income taxes expense } \\\text { Notes payable } & 20,000 & \text { Rent expense }\end{array}
-Shiny Kar Company had the following transactions. For each transaction, show the effect on the accounting equation by putting the amount and direction plus, minus, or NC for no change) in each box of the table below.  Assets  Liabilities  Stockholder’s equity a)  Shiny K ar withdrew $500 cash for food  b)  Shiny K ar Company sold 2 cars for a total of $55,000 on account  c)  The cost of the cars sold in b) above was $40,000 d)  Shiny Kar received $35,000 payment for  a car previ ously sold on account  e)  Shiny Kar paid $450 for advertising  f)  Shiny K ar purchased $150 of cleaning  supplies on account \begin{array}{|l|l|l|l|l|}\hline&&\text { Assets } & \text { Liabilities } & \text { Stockholder's equity} \\\hline \text { a) } & \text { Shiny K ar withdrew } \$ 500 \text { cash for food } \\\hline \text { b) } & \begin{array}{l}\text { Shiny K ar Company sold } 2 \text { cars for a total of } \\\$ 55,000 \text { on account }\end{array} \\\hline \text { c) } & \begin{array}{l}\text { The cost of the cars sold in b) above was } \\\$ 40,000\end{array} \\\hline \text { d) } & \begin{array}{l}\text { Shiny Kar received } \$ 35,000 \text { payment for } \\\text { a car previ ously sold on account }\end{array} \\\hline \text { e) } & \text { Shiny Kar paid } \$ 450 \text { for advertising } \\\hline \text { f) } & \begin{array}{l}\text { Shiny K ar purchased } \$ 150 \text { of cleaning } \\\text { supplies on account }\end{array} \\\hline\end{array}

Explain the significance and application of the Page Principles in contemporary PR.
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Understand the concept of Present Value of Growth Opportunities (PVGO) and its influence on the firm's valuation.
Calculate free cash flow to the firm and to the equity holders.

Definitions:

Diathermy

A medical and surgical technique involving the use of high-frequency electric currents to heat deep muscular tissues, reducing pain and improving circulation.

Therm

A unit of heat energy, equivalent to 100,000 British thermal units (BTUs), used mainly for heating.

Hemopoiesis

The production of all types of blood cells in the bone marrow, including red blood cells, white blood cells, and platelets.

Muscular System

The biological system that comprises of all the muscles in the body and enables movement, both voluntary and involuntary, as well as posture maintenance.

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