4. The cooperative operates its plan according to a five-year base period. Suppose the board of directorshas determined that the cooperative must have an additional $300 of equity capital to meet its financialrequirements during the next year. The balance of each member's equity account is shown in column2 of the table. Patronage attributable to each member during the five-year base period is shown incolumn 3.MEMBER BeginningPatronage duringlast five yearsEquityA10001803000300C35001207500600Required : Calculate The adjustment to be made in each member's equity account !

Patronage stock refers to any type of stock or equity interest which is originally issued by the…

Answered: Beginning Equity Patronage during last…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Costco Costco Historical Annual Stock Price Data Costco Historical Annual Stock Price Data Year Average Stock Price Year Open Year High Year Low Year Close Annual % Change 2021 391.1370 380.1500 467.7500 311.4200 451.8500 19.92% 2020 329.6114 291.4900 391.7700 279.8500 376.7800 28.19% 2019 262.1953 204.7600 305.2100 200.4200 293.9200 44.28% 2018 208.8144 188.3200 244.2100 178.6100 203.7100 9.45% 2017 167.4075 159.7300 192.7300 150.4400 186.1200 16.25% 2016 154.3535 159.5400 169.0400 141.2900 160.1100 -0.86% 2015 147.8352 141.6100 168.8700 132.7100 161.5000 13.93% 2014 121.5830 117.8100 144.1500 110.1800 141.7500 19.10% 2013 111.7984 101.4500 125.4300 99.4500 119.0200 20.55% 2012 92.0556 84.6000 105.9483 79.0100 98.7300 18.49% 2011 78.7433 72.4700 88.0600 69.7600…
4,5,6
Q5 week 4
The management of Kosoko traders wants to establish theamount of financial needs for the next two years.Thebalance sheet of the firm as at 31stDecember 2016 is asfollows:Shs.‘000’Net fixed assets 124,800Stock 38,400Debtors 28,800Cash 7,200TotalAssets 199,200Financedby:Ordinary share capital 84,000Retained earnings 35,20012%long-term debt 20,000Trade creditors 36,000Accrued expenses 24,000TOTAL 199,200For the year ended 31st December,2016sales amounted to sh.240,000,000.The firm projects that the sales will increase by15%in 2017and 20% in 2018.After tax profit on sales has been 11% but the management ispessimistic about future operating costs and use anafter-tax profit on sales rate of 8%per annum by 2018.The firmintends to maintain it's dividend pay out ratio 80%.Assets areexpected to vary with sales,while trade creditors and accruedexpenses form the spontaneous sources of financing.Any external financing will be effected through the use of commercial paper.calculate amount of external…
S430908 A A Aa-ES2¶ x² AA EE. Paragraph out References ant Ei H View WORKSHOP 8 EXAMPLES - Word Practice Question 1 Guff plc, an all-equity firm, has the following earnings per share and dividend history (paid annually). Year This year last year Tell me what you want to do... AaBbCcDc AaBb CcDc AaBbC AaBbccc AaB Aa Bbccc AaBbcсD AaBb CCD AaBb CcD; AaBbCcD AaBb CcD AaBb CCD AABBCCDC AABBCCDC AaBb CcD Normal No Spac.... Heading 1 Heading 2 Title Subtitle Intense E... Strong Quote Intense Q... Subtle Ref... Intense Re... Book Title Subtle Em... Emphasis Styles Dividend per share 8p 7.5p Earnings per share 21p 18p 7p 16p 2 years ago 6.5p 3 years ago 13p 4 years ago 14p 6p This year's dividend has just been paid and the next is due in one-year. Guff has an opportunity to invest in a new product, Stuff, during the next two years. The directors are considering cutting the dividend to 4p for each of the next two years to fund the project. However, the dividend in three years can be raised to…
Year 2013 2014 2015 2016 2017 2018 Expected return Stock L 14% 16% 16% 18% 18% 18% Stock M 23% 22% 21% 20% 19% 18%
Pls Solve question g
Question 20 FLAG QUESTION Consider the following Year 1 information for Terrier Treats (T) 12 13 Revenues $10,000 14 Total expenses including taxes $6,500 15 Total shares outstanding 100 16 Stock Price at the end of Year 1 $57.00 If T"s cost of equity is 17% and the current stock price is $50, what is the dividend payout ratio (1 (express as a % rounded to 1 digit after the decimal: x.x%) Answers 1 - 1 1. Previous Finish ESTIONS VERSION 2M.6.4 MacBook Pro
Q No.1 Reactive Industries has the following capital structure. Its corporate tax rate is 35 percent. What is its WACC? Security Market value required return Debt $ 20 million 6% Preferred stock 10 8% Common stock 50 12%
Which of the following capital structures is optimal? Debt Equity EPS Stock Price 40% 60% $2.95 $26.50 50% 50% $3.05 $28.90 60% 40% $3.18 $31.20 70% 30% $3.31 $30.00 80% 20% $3.42 $30.40 Question 1 options: 40% debt 50% debt 60% debt 70% debt 80% debt
None

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

Beginning Equity Patronage during last five years 1000 180 3000 300 3500 120 7500 600