Comparative Balance Sheets Are Available for Floatlin Group $\quad$ $\quad$

question 111

Essay

Comparative balance sheets are available for Floatlin Group:
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Floatlin Company }$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\quad$$\quad$$\text { Comparative Balance Sheets }$
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { December } 31,2 \times 13 \text { and } 2 \times 12$

$\begin{array}{l}\begin{array}{lll}&\underline{2 X 13}& \underline{2 X} 12 \\ \underline{\text { Current Assets: }} \\ \text { Cash } & \$ 20 & \$ 15 \\\text { Accounts Receivable } & 45 & 37 \\\text { Inventory } & \underline{60} & \underline{70} \\\text { Total Current Assets } & \$ 125 & \$ 122\\ \underline{\text { Long-Term Assets: }} \\\text { Equipment } & \$ 290 & \$ 200 \\\text { Less: Accum. Depr. } & \underline{(160)} & \underline{(140)} \\\text { Total Long-Term Assets } & \underline{\$ 130} & \underline{\$ 60}\\\\\\\text { Total Assets} & \underline{\$ 255} & \underline{\$ 180}\\\end{array}\begin{array}{lll}&\underline{2 X 13}& \underline{2 X} 12 \\\underline{ \text { Current Liabilities: }}\\\text { Accounts Payable } & \$ 24 & \$ 20 \\\text { Taxes Payable } & 11 & 15 \\\text { Note Pavable } & \underline{ 7} & \underline{18}\\\text { Total Current Liab. } & \$ \overline{42} & \$ \overline{53} \\\text { Long-Term Liabilities } & \underline{80} & \underline{30} \\\text { Total Liabilities } & \underline{\$ 122} & \underline{ \$ 83}\\\underline{ \text { Stockholders' Equity: }}\\\text { Common Stock } & \$ 40 & \$ 40 \\\text { Retained Earnings } & \underline{93} & \underline{59} \\\text { ockholders' Equity } &\underline{ \$ 133} &\underline{ \$ 99}\\\text { Total Liab. \& } \\\text { Stockholders' Equity } &\underline{ \$ 255} &\underline{ \$ 182}\\\end{array}\end{array}$
Prepare a common-size balance sheet for Floatlin Group at December 31, 2X13.

Comprehend the significance of including both the expected value and a measure of forecast error in forecasts.

Learn the application of various forecasting methods, including moving averages, causal methods, and time series analysis.

Understand the utility of tools such as Excel's Solver for minimizing forecast errors.

Grasp the concept of collaborative forecasting and its benefits in supply chain management.

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