E ratio on the date of the last Treasury Stock Transaction? Net Income after taxes = $353,018 Last Treasury Stock Transaction: 9/12/2021 Cash 98,800 Paid-In Capital - Treasury Stock 13,000 Treas
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What is the amount of earnings per share for common stock (after tax)?
What was the P/E ratio on the date of the last
Net Income after taxes = $353,018
Last Treasury Stock Transaction:
9/12/2021 | Cash | 98,800 | |
Paid-In Capital - Treasury Stock | 13,000 | ||
Treasury Stock | 85,800 |
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- On November 1, 2022, the account balances of Blue Spruce Corp. were as follows. No. Debits No. Credits 101 Cash $2,880 154 Accumulated Depreciation-Equipment $2,400 112 Accounts Receivable 5,100 201 Accounts Payable 3,120 126 Supplies 2,160 209 Unearned Service Revenue 1,440 153 Equipment 14,400 212 Salaries and Wages Payable 840 311 Common Stock 12,000 320 Retained Earnings 4,740 $24,540 $24,540 During November, the following summary transactions were completed. Nov. 8 Paid $2,040 for salaries due employees, of which $840 is for October salarles. 10 Received $4.096 cash from customers on account. 12 Received $3,720 cash for services performed in November. 15 Purchased equipment on account $2,400. 17 Purchased supplies on account $840. 20 Paid creditors on account $3,240. 22 Paid November rent $480. 25 Paid salaries $2,040. 27 Performed services on account and billed customers $2,280 for these services. 29 Recelved $720 from customers for future service.Trial Balance Accounts DEBIT CREDIT Bank Accounts Receivable Supplies Equipment Accounts Payable Capital Drawings Revenue Expense 5 728 118 - 100 - 3 000 100 - 9 000 72 – 168 205 9 223 9 268 Explanation of error and how you found itOnline Test WMindow Gooale Chrome A tests.mettl.com/test-window/f55ac827#/testWindow/0/9/1 EY Accounting Assessment O Total 00:55:24 Finish Test Section 1 of 1 Section #1 v 12 (3 7. 10 11 10 of 45 All 2 43 Question # 10 Revisit Choose the best option O Differences between net income and associated cash receipts and disbursements. The primary purpose of a statement of cash flows is to provide relevant information about O An enterprise's ability to generate future positive net cash flows. O The cash receipts and cash disbursements of an enterprise during a period. OAn enterprise's ability to meet cash operating needs. Prev Question Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 4:13 PM 1/16/2021 meiti
- Account$ 51,000Accounts payable$33, 700 Land Notes payable49,000Accounts receivable 71, 2000perating expenses 102,000Building86, 500Prepaid insurance3.100Cash3, 200Service revenue172.000Equipment35, 700Unearned revenue 3,000J. Koizumi, capitalJ. Koizumi, drawings99, 0004, 000(c) Determine the amount overKoizumi Kollections has the following alphabetical list of accounts and balances at July 31. 2017:tests.mettl.com/test-window/f55ac827#/testWindow/0/16/1 EY Accounting Assessment O Total 00:54.47 Finish Test Section 1 of 1 Section #1 v 10 11 12 13 14 15 16 17 18 19 20 17 of 45 All 2 43 Question # 17 G Revisit Choose the best option Which of the following formula best describes the acid test or quick ratio? Current assets: Current liabilities. Debtors: Creditors O (Current assets stock) Current liabilities. O Current assets: (Current liabilities - bank overdraft). Frev Cueston Next Question +91-82878-03040 Zaineh | Support +1-650-924-9221 metil 413 PM 1/16/2021 Type here to search17 - THE CODE AND NAME OF THE ACCOUNT WILL BE DEBT 153 COMMERCIAL GOODS XXX 191 DEDUCTIBLE VAT XXX 103 CHECKS GIVEN XXX 100 CASE XXX Which account was used incorrectly in the purchase of goods?A) 191 Deductible VATB) 103 Checks Given and Payment OrdersC) 100 CratesD) All RightE) 153 Trade Goods
- OkyOTcw/a/MjUwNDEyNDM20TEx/details Particulars Credit (RM) 48,400 Debit (RM) Capital Drawings Trade receivables Trade payables Sales Purchases Sales returns Purchases retums Wages and salaries Discounts allowed Discounts received Provision for doubtful debts Insurance Inventory as at 1 September 2018 Utilities 3,500 9,000 12,500 40,400 31,000 300 250 5,600 120 200 300 700 2,400 950 350 10,000 3,000 20,000 Rates Premises Fixtures and fittings Motor van Cash in hand Cash at bank TOTAL 330 14,800 102.050 102.050 Additional information as at 31 August 2019: i. Inventory as at 31 August 2019 amounted RM3,300 ii. An entity from whom there is accounts receivables of RM200 was unable to settle his debt and this amount is to be written off as bad debts. iii. The provision for doubtful debts is 1% of the outstanding trade receivables. iv. The owner took RM100 worth of goods from the business for his own use Required: a) Statement of Profit or Loss and Others Comprehensive Income for the year…Stockton CompanyAdjusted Trial BalanceDecember 31 AccountNo. DebitBalances CreditBalances Cash 11 5,280 Accounts Receivable 12 2,110 Prepaid Expenses 13 671 Equipment 18 13,997 Accumulated Depreciation 19 1,252 Accounts Payable 21 1,586 Notes Payable 22 5,638 Bob Steely, Capital 31 10,985 Bob Steely, Drawing 32 930 Fees Earned 41 7,139 Wages Expense 51 2,128 Rent Expense 52 867 Utilities Expense 53 315 Depreciation Expense 54 239 Miscellaneous Expense 59 63 Totals 26,600 26,600 Use the adjusted trial balance for Stockton Company. Determine the current assetsChapter 8 Questions to practice BE8-1 Presented below are three recei\ailes transactions. Indicate whether these recei\. ables are reported as accounts recei\able, notes recei\-able, or other receivables on a state- ment of6nancial position. (a) Sold merchandise on account forW64,000,000 to a customer. (b) Received a promissory note ofW57,000,000 for senicn perfonned. (c) Ad\-anced W8,000,000 to an employee.
- Cajegas Trucking ServicesTrial BalanceJune 30, 2021Debit CreditCash in Bank P 1,020,000Petty Cash Fund 1,000Accounts Receivable 120,000Est. Uncollectible Account P 1,200Unused Supplies 15,000Prepaid Insurance 8,500Prepaid Rent 30,000Delivery Truck 1,500,000Acc. Depreciation – Delivery Truck 250,000Accounts Payable 130,000P. Cagejas, Capital 1,818,500P. Cagejas, Drawings 50,000Trucking Income 935,000Taxes and Licences 10,000Repairs and Maintenance 27,000Retainer Fees 25,000Salaries and Wages 320,000Utilities Expense 8,200Total P 3,134,700 P 3,134,700Additional Information1. Provision for Uncollectible Account should be at 2% of the outstanding receivable account.2. Supplies actually on hand, P5,000.3. Of the Prepaid Insurance, P6,200 has actually expired.4. P18,000 of the Prepaid Rental has expired.5. Depreciation Expense for the period is P105,000.Required:a. An 8-column worksheetb. Balance Sheetc. Income Statementd. Statement of Changes in Owner’s EquityYE3tcuBfirwShOSzu2prZ7nd44k0L-w/formResponse?pli=1 e following to answer the five questions below: owing accounts are extracted from the worksheet of X Company on ber 31, 2020 Sales Retums and Allowances S 410,000 Sales Discount 140,000 Sales 1,500,000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense A 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 n the data above, the inventory account sho ed a holonolo owns a varlety store called Stars Forever. The following are purchases of Inventory, returns, and discounts for the month of March. Purchased $2,000 of merchandtse from Sundance Furmiture on account, Involce 2177, with a 1% trade discount. Credit terms 2/1o, n/30. Pald rent for the month of March. Issued Check 145 for $2,100. Purchased merchandise from Taylor Supplies. Issued Chedk 146 for $1,65o. Purchased $2,400 of merchandise from Fuentes Co. on aCDount, Involce 2178. Credit berms 1/15, /30. Returned $400 of the merchandise from Fuentes Co. Recelved Credit Memorandum 11. Pald Involce 2177 to Sundance Furmiture. 1Issued check 147 for $1,940.40. s Purchased $3,700 of merchandise (Indluded $150 frelght) from Sky Divers Inc. on account, Involce 2179. Credit terms 1/10, n/30, FOB shipping polnt. - Purchased $210 of office supplies from willow Inc. on account, Invoce 2180. Credit terms 2/10, n/30. Pald Involce 2178 to Fuentes Co. Issued Check 148 for $1,980. Pald Involce 2179 to Sky…