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Qrb 501 Week 5 Case Study 21-102

Refer to the Chapter 5 Case Study 5-1 on Page 187 of your text.Answer the following quesTons.Queston 1Find the total square footage that requires painTng for the bedroom and the living/dining room, and then ±nd the total square footage for the enTre painTng job assuming two coats of paint. BedroomWallsLength of the wall12Width of the wall14Height of the wall8Height of the wall8No. of walls2No. of walls2²otal Area192²otal Area224CeilingLength of the ceiling12Width of the ceiling14²otal Area168Not require painTngL(Ft)W(Ft)Closet Area4267Door Area2137Window204583 =Closet Area + Door Area + Window501 =Area of walls + Area of Ceiling - NoLiving/Dining RoomWallsLength of the wall20Width of the wall30Height of the wall10Height of the wall10No. of walls2No. of walls2²otal Area400²otal Area600CeilingLength of the ceiling20Width of the ceiling30²otal Area600Not require painTngL (Ft)W (Ft)PaTo Door Area4267Single Windows Area2045No. of Windows3²otal Windows Area60 =Single Windows Area * No. of Win

Case 21-1 Contemporary Wood Furniture Balance Sheet Decmeber 31, 2010 and 2011 Vertical Analysis 2011 2010 Amount Percent Amount Percent Assets Cash $1,844 1.0 $3,278 1.9 Accounts receivable 11,807 6.5 6,954 4.0 Merchandise Inventory 9,628 5.3 17,417 10.1 Total Current Assets 23,279 12.8 27,649 16.1 Plant and equipment Total plant and equipment 158,700 87.2 144,500 83.9 Total Assets $181,979 100.0 $172,149 100.0 Liabilities Curent liabilities Accounts payable $13,446 7.4 $9,250 5.4 Wages payable 650 0.4 1,110 0.6 Property and Taxes payable 4,124 2.3 3,650 2.1 Total current liabilities 18,220 10.0 14,010 8.1 Long-term liabilities Mortgage note payable Total long-term liabilities 92,800 51.0 75,800 44.0 Total Liabilities 111,020 61.0 89,810 52.2 Owner's Equity Owner's capital 70,959 39.0 82,339 47.8 Total liabilits and owner's equity $181,979 100.0 $172,149 100.0 Contemporary Wood Furniture Balance Sheet Decmeber 31, 2010 and 2011 Horizontal Analysis 2011 2010 Increase (Decrease) Amount

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