金融学 第二版 兹维.博迪 罗伯特C默顿等著Bodie2_IM_Ch03.pdfVIP

CHAPTER 3 – Managing Financial Health and Performance End-of-Chapter Problems Review of Financial Statements 1 How would the following assets and liabilities be recorded on the balance sheets of their owners? a. a lottery ticket b. a successful song c. an unsuccessful movie SOLUTION: a. It will not be recorded. The existence of a future economic benefit is very uncertain. b. Though an economically significant asset, it will not be recorded on the accounting balance sheet. c. Not recorded on balance sheet. 2. Show how the following events and transactions should appear on your personal income statement, balance sheet, and cash flow statement. a. On July 1, 200X, you receive $20,000 in gifts upon graduation from school and pay off a $10,000 student loan. b. On August 1, 200X, you get a job as a finance intern at General Financial Services Inc. You are promised a salary of $4,000 per month, payable on the last day of each month. c. On August 31, you receive your first statement of GFS salary and benefits showing the following items: Gross salary $4,000 Income tax withholding 1,400 Social Security and Medicare tax 500 Health care premium 150 Contribution to pension plan 200 Employer Social Security tax 300 Employer contribution to pension plan 200 Employer contribution to health care 150 Amount credited to employee checking account at GFS Bank 1,750 Total employer benefit 650 d. On September 1, you purchase a new car for $20,000. You make a down payment of $5,000 and borrow the remaining $15,000 from GFS bank at a monthly interest rate of 1%. Your monthly payment is $498.21 for 36 months. e. As an individual or a household, why might you want to maintain a balan