FINM4000

PD FINANCIAL MANAGEMENT 1.pd x O File | C:/Users/Montero%20Fam/OneDrive%20-%20Concierge%20Test%20Lab/Desktop/2nd%20year%20prelim/FINANCIAL%20MANAGEMENT%201%20.pdf of 52 D Page view A Read aloud V Draw E Highlight 24 Erase Problem 2 (Common-Size Income Statement) A comparative income statement is given below for Rainbow Company Rainbow Company Comparative Income Statement For the Years Ended June 30, 2019, and 2018 2019 2018 Sales 5,000,000.00 4,000,000.00 Less: Cost of Goods Sold 3,160,000.00 2,400,000.00 Gross Margin 1,840,000.00 P 1,600,000.00 Selling Expenses 900,000.00 700,000.00 Administrative Expenses 680,000.00 584,000.00 Total Expenses 1,580,000.00 1,284,000.00 Net Operating Income 260,000.00 P 316,000.00 Interest Expense 70,000.00 40,000.00 Net Income Before Taxes P 190,000.00 P 276,000.00 The president is concerned that net income is down in 2019 even though sales have increased during the year. The president is also concerned that administrative expenses have increased,…

Ch. 18 - Managerial Accounting - x Bb 2193514 + i learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5f7ce11c673e5/2193514?X-Blackboard-Expiration=1648004400000&X-Blackboard-Signature=DUHfBVC7kn6FU8gu... * O w WordCounter - Co... y! Yahoo A Regions Bank | Che.. Welcome, Justin – B. * eBooks, Textbooks... O Jefferson State Co... Electronics, Cars, Fa... C Home | Chegg.com 2193514 1 / 1 100% + | 2. Prepare On Company's statement of cost of goods manufactured for December. 3. Prepare On Company's income statement for December. PR 18-5B Statement of cost of goods manufactured and income statement for a manufacturing company OBJ. 2, 3 V1. Cost of goods manufactured, $367,510 The following information is available for Shanika Company for 2014: January 1 $ 77,350 December 31 Inventories $ 95,550 Materials SPREADSHEET Work in process 109,200 96,200 9volgm 100,100 1 Finished goods 113,750 o quise nois $ 68,250 Advertising expense 22,750 Depreciation expense-office equipment…

Question 5 The following information applies to RTC logistics ltd: Operating income(EBIT)...............=RM300,000 Shares outstanding ........................=120,000 Debt.................................................=RM100,000 EPS..................................................=RM1.45 Interest expense...............................=RM10,000 Stock price.........................................=RM17.40 Tax rate...............................................=40% The company is considering recapitalization where it would issue RM348,000 worth of new debt and use the peoceeds to buy back RM348,000 worth of common stock. The buyback will be undertaken at the pre-recapitalization share price of RM17.40 per share.The recapitalization is not expected to have an effect on operating income or the tax rate. After the recapitalization,the company's total interest expenses will be RM50,000 Requirement: Assume that the recapitalization has no effect on the company's price earnings(P/E) ratio.…

%24 2 Project: Company Accour X DZL. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea x Cengage Learning +| x ow.com/ilrm/takeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator3&inprogress%3Dfalse eBook Show Me How Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $40,964 $41,800 Long-term debt 45,594 44,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage Accounts payable Decrease Increase Long-term debt Check My Work Calculate the change in the amount and divide by the base (older) year amount to determine the horizontal analysis percentages. Previous Check My Work 3:12 PM dp SU prt sc 144 114

7-2 Project: Company Accour x 121. Project Guidelines and Rubric x 121. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress3false eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 Average total assets Determine the return on total assets. If required, round the answer to one decimal place. 1.8 Check My Work Divide the sum of net income and interest expense by average total assets. Previa Check My Work ADE dy

(Learning Objective 4: Calculate the effects of business transactions on selectedratios) Financial statement data of Greatland Engineering include the following items:Cash ........................................Short-term investments..............Accounts receivable, net............Inventories ................................Prepaid expenses.......................Total assets ...............................Short-term notes payable...........$ 26,00036,00085,000147,0006,000677,00049,000Accounts payable ......................Accrued liabilities......................Long-term notes payable ...........Other long-term liabilities.........Net income................................Number of commonshares outstanding ...........$107,00032,000163,00034,00099,00046,000Requirements1. Calculate Greatland’s current ratio, debt ratio, and earnings per share. Round all ratios totwo decimal places.2. Calculate the three ratios after evaluating the effect of each transaction that follows.Consider each…

Please do your own work, don't copy from the internet   Determination of profitability (LO1) Prepare an income statement for Virginia Slim Wear. Take your calculations all the way to computing earnings per share.     Sales....................................................................................... $1,360,000 Shares outstanding.................................................................      104,000 Cost of goods sold.................................................................      700,000 Interest expense.....................................................................        34,000 Selling and administrative expense........................................        49,000 Depreciation expense.............................................................        23,000 Preferred stock dividends......................................................        86,000 Taxes......................................................................................      100,000

Not a previously submitted question. Thank you

2 Project: Company Accour X D21. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea X Cengage Learning +| x Dw.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress%3Dfalse eBook Show Me How Current Position Analysis The following items are reported on a company's balance sheet: $365,600 Marketable securities 285,700 Accounts receivable (net) 254,900 Inventory 236,400 Accounts payable 394,000 Determine (a) the current ratio and (b) the quick ratio. Round to one declmal place. a. Current ratio b. Quick ratio Check My Work a. Divide current assets by current liabilities. b. Divide quick assets by current liabilities. Quick assets are cash, temporary investments, and receivables. Check My Work Previous ELE AD dy f4 f12 prt sc 米

7-2 Project: Company Accour X DZL 7-1 Problem Set: Module Sev x CengageNOWv2 | Online tea X Cengage Learning +| x enow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator=&inprogress3Dfalse eBook Show Me How Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $526,000 Preferred dividends 000'0€$ Shares of common stock outstanding 000'0 Market price per share of common stock $68.20 a. Determine the company's earnings per share on commmon stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-eamings ratio. Round to one decimal place. (Previous Check My Work 3:15 PM 4/1/2022

Ch. 17 - Financial Statement Anal x Bb 2193516 + i learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com/5f7ce11c673e5/2193516?X-Blackboard-Expiration=1648004400000&X-Blackboard-Signature=vwLhZZb3V30b7J84... 2 * O w WordCounter - Co... y! Yahoo A Regions Bank | Che.. Welcome, Justin – B. * eBooks, Textbooks... O Jefferson State Co... Electronics, Cars, Fa... C Home | Chegg.com 2193516 1 / 1 100% + | December 31, 2014 and 2013 Dec. 31, 2014 Dec. 31, 2013 Assets bloe Current assets: Cash. Marketable securities $ 500,000 $ 400,000 1,000,000 1,010,000 Accounts receivable (net)... 740,000 510,000 Inventories 1,190,000 950,000 000. Prepaid expenses. 250,000 229,000 Total current assets. $3,690,000 $3,089,000 Long-term investments... 2,350,000 2,300,000 1 Property, plant, and equipment (net) Total assets 3,740,000 3,366,000 $9,780,000 $8,755,000 Liabilities Current liabilities $ 900,000 $ 880,000 Long-term liabilities: $ 200,000 Mortgage note payable, 8%, due 2019. Bonds payable, 10%,…

Prepare an income statement for the Franklin kite Co. Take your calculations all the way to comparing earnings per share. Sales……………………………………………......$900,000 Shares outstanding………………………………….…50,000 Cost of Goods sold…………………………………...400,000 Interest Expense……………………………………….40,000 Selling and Administrative expense……………………60,000 Depreciation expense………………………………….20,000 Preferred stock dividends………………………….…...80,000 Taxes……………………………………………………50,000

Question  8-19

Saved e Quiz: Accounting for Current Liabi... A Required information Knowledge Check 01 The records of Pippins, Incorporated, included the following information: Net sales 475,000 Gross margin Interest expense Income tax expense Net income 000'0 000'0 Compute the times interest earned ratio, rounded to the nearest decimal. O 4.8 O 6.4 O7.4 O 20.0 *********** II F3 F5 F6 F8 F4 #3

T1o T12 T18 28 30 T36 TAO 18 16 20 22 24 126 32 34 38 To 2 91 Baab Corporation is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: Beginning Balance Ending Balance 14,000 $ 27,000 $ 62,000 $ 22,000 9,000 77,000 Raw materials Work in process 24 $ Finished Goods The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 33,000 machine-hours and incur $231,000 in manufacturing overhead cost. The following transactions were recorded for the year: kh Raw materials were purchased, $315,000. Raw materials were requisitioned for use in production, $307,000 ($281,000 direct and $26,000 indirect). The following employee costs were incurred: direct labor, $377,000; indirect labor, $96,000; and administrative salaries, $172,000. Selling costs, $147,000. Factory utility costs, $10,000. Depreciation for…

Question Ex 8-8

Match each term with it's definition.

Net Profit Percentage margin Current Ratio Acid Test ROCE

rles%20T.%20Horngren,%20Gary%20L%20Sundem,%20Jeff%200.%20Schatzberg,%20Dave%20Burgstahle... e t view AN Read aloud | Add textDraw Highlight Erase | | 1 8 8 B1 7. Behavioral impact is secondary 1-33 Planning and Control, Management by Exception Study the framework for planning and control of a Starbucks store in Exhibit 1-2 on page 7. Suppose that for next year a particular store budgeted revenue of $356,400, an 8% increase over the current revenue of $330,000. The actions listed in Exhibit 1-2 resulted in six new budgeted products and a total advertising budget of $33,000. Actual results were as follows: 7 New products added Advertising Revenues $ 35,640 $351,400 1. Prepare a performance report for revenues and advertising costs using the format of Exhibit 1-3 on page 8. 2. Suppose the remaining cost elements of net income were not available until several months after the store implemented the plan. The net income results were disappointing to management- profits declined even though…