company had the following ransaction for the month of feburary 2021 pushase sale feb 1 200@$4 feb 4 40@$10 Feb13 80@$5 feb 17 200@$12 1.what is the value of closing stock using the FIFO? 2.using the fifo method ,determine the value of stock on hand at feb28,2020 3.using the fifo method ,determine the value of stock on hand at april 30,,2020

company had the following ransaction for the month of feburary 2021 pushase sale feb 1 200@$4 feb 4 40@$10 Feb13 80@$5 feb 17 200@$12 1.what is the value of closing stock using the FIFO? 2.using the fifo method ,determine the value of stock on hand at feb28,2020 3.using the fifo method ,determine the value of stock on hand at april 30,,2020

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume that the following quote for the Walt Disney Company, a NYSE stock, appeared on some particular date of 2019 on Yahoo! Finance ( https://finance.yahoo.com/quote/DIS?p=DIS&.tsrc=fin-srch): The Walt Disney Company (DIS) - NYSE 136.55 +2.76 (+2.06%) Prev Close: 133.79 Day's Range: 135.63 - 138.47 Open: 140.22 52wk Range: 104.50 - 143.83 Bid: 136.55 x 800 Volume: 23,891,567 Ask: 137.00 x 1800 Avg Vol (3m): 7,947,016 1y Target Est: 151.04 Market Cap: 247.284B Analyst Recommendation Buy P/E (ttm) 21.01 Next Earnings Date: Feb. 3-7, 2020 EPS (ttm): 6.50 Div & Yield: 1.52 (1.14%) Given this information, answer the following questions. At what price did the stock sell at the time of the quote? $ What is the stock's price/earnings ratio? What does that indicate? Round your answers to the nearest whole number. This means that investors are willing to pay more than $ for every $1 of earnings per share that the company generated…
Two online magazine companies reported the following in their financial statements: Outdoor Fun BetterWorth 2020 $ 171,173 417,049 2.98 57.20 2021 2020 $ 105,000 537,186 1.80 52.40 2021 $ 85,500 397,151 1.10 30.05 $ 107,604 462,814 Net income Total stockholders' Earnings per share Stock price when annual results reported equity 2.19 48.54 Required: 1-a. Compute the 2021 ROE for each company. 1-b. Which company appears to generate greater returns on stockholders' equity in 2021? 2-a. Compute the 2021 P/E ratio for each company. 2-b. Which company do investors appear to value more? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Compute the 2021 ROE for each company. (Round your answers to 1 decimal place.) ROE Outdoor Fun % BetterWorth %
The following amounts were taken from the financial statements of Bramble Company: 2020 2019 Total assets $840000 $1020000 Net sales 770000 640000 Gross profit 353000 350000 Net income 200000 111000 Weighted average number of common shares outstanding 40000 88000 Market price of common stock $145.00 $36.00 The price-earnings ratio for 2020 is 5.00 times. 7.53 times. 31.00 times. 29.00 times.
How many shares of treasury stock does the corporation have? What does it represent? How does it affect stockholder's equity?
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Locate and download Gap Inc.’s 2020 Annual Report (for fiscal year 2/2/20-1/30/21) https://investors.gapinc.com/financial-information/default.aspx Shareholder’s Equity At 2/1/20: How many shares of common stock are: (a) authorized _______________ (b) issued _______________ (c) outstanding _______________ How many shares of preferred stock are: (a) authorized _______________ (b) issued _______________ (c) outstanding _______________ What was the amount of dividends paid to shareholders during 2020? _______________
Go to Yahoo.com’s financial website and enter Apple, Inc.’s stock symbol, AAPL. Answer the following questions concerning Apple, Inc. At what price did Apple’s stock last trade? What is the 52-week range of Apple’s stock? When was the last time Apple’s stock hit a 52-week high? What is the annual dividend of Apple’s stock? How many current broker recommendations are strong buy, buy, hold, sell, or strong sell? What is the average of the broker recommendations? What is the price-earnings ratio?
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