Given the following: $100 $90 $35 $47 $12 $25 $13 Total Assets 1/1/13 12/31/13 Total Assets 1/1/13 12/31/13 Total Liabilities 2013 2013 2013 Total Liabilities Net Income Contributions from Owners Increase in Treasury Stock Dividends in 2013 were: Select one: O a. $28 Ob. O b. $22 Ос. $26 O d. $2 $46
Q: d. All of the above 6. If current assets are P270,000 and total assets are P810,000, what percentage…
A: Percentage of total assets are current assets = Current assets / Total assets
Q: Paolo invested Php 120,000 in a mutual fund where the net asset value per unit is 4.578. After one…
A: Net asset value per unit is the market price per unit at which a mutual fund scheme can be…
Q: explain what happen in this turnover ratio for pepsi company for yea 2019, 2020, 2021? List Of…
A: Introduction: The turnover ratios are used to assess the company's efficiency and how it utilizes…
Q: Sun Manufacturing Company is negotiating a loan with AUS Bank, in order to purchase raw material.…
A: Here discuss about the details of the amount which can be determine the collateral securities which…
Q: What is the normal balance of accounts payable? Group of answer choices debit either debit or credit…
A: Solution: Accounts payable are liabilities due to purchase of merchandise or services on account.…
Q: Determine the net income of a company for which of the following information is available for the…
A: Net income = Consulting revenue - Employee salaries expense - Interest expense - rent expense
Q: 1) prepare a multi- step income statement. 2) prepare statement of Owners Equity
A: Introduction: Operating expenses and operating revenues are separated from non-operating expenses…
Q: What is the account used to record amounts withdrawn for personal use (not for business use) by an…
A: revenue: Revenue is used for recording the earnings of the business. capital: Capital is the…
Q: Question No. 3 Requirement: Identify the following investments made by STUVWXYZ Corporation. Answer…
A: The classification of assets into various categories that include cash and cash equivalent that are…
Q: Incremental costs are the generated by a proposed alternative. A) additional revenues B) additional…
A: Incremental cost and incremental revenue are used in differential analysis. These are used to…
Q: Required: a) Assuming that P 650,000 is available for the first distribution, show how the available…
A:
Q: O Perseverance Corporation is deciding whether to pursue a restricted or relaxed current asset…
A: Return on equity = Net income/equity Roe under restricted policy is 6.5℅ and under relaxed policy…
Q: t the beginning of current year, Jazz Company has an The toy train division is regarded as a cash…
A:
Q: A company's bank statement shows $715 direct debits and $353 investment income not recorded in the…
A: Bank reconciliation statement is prepared to find any difference between the bank balance as per the…
Q: The chart of accounts for Doe Co. includes the following accounts: Cash, Accounts Receivable,…
A: Journal entries are the foremost reporting of business transactions in the account books.
Q: explain each choices. Reportable conditions are matters that come to an auditor's attention and that…
A: Internal Control: An entity's board of directors, management, and other people are the ones who…
Q: Explain the below income Statement.
A: Introduction:- Income statement provide summary of all revenues and expenses. It provides true…
Q: ents of P1,300,000 beginning January 1, 2019. At the end of the lease term, December 31, 2023, the…
A: Finance lease liability will be the present value of annual lease payments and present value of…
Q: The ship, stretching more than 1,300 feet, ran aground and blocked one of the world’s most vital…
A: Answer:- Transport infrastructure meaning:- The underlying set of public works meant to assist…
Q: What is income?
A: Income is the excess of Revenue over Expenses for the period. Income is generated on account of…
Q: For each transaction, (1) analyze the transaction using the accounting equation, (2) record the…
A: Analysis of transactions using Accounting equation Assets = Liabilities + Equity a. $122,000…
Q: Save-Mart was a retail store. Its account balances on February 28 (the end of its fiscal year),…
A: You have posted multiple questions so as per our policy only 1st question along will all of its…
Q: For NPOs, cashflows in the statement of cash flows are classified into Group of answer choices…
A: A cash flow statement is a financial statement that provides aggregate data regarding all cash…
Q: As the lead accountant for a small company, you notice that inventory purchases from a certain…
A: An accountant is a person who works accounting duties such as account analysis, audit, or financial…
Q: 4. Karen Galactic, a sales representative for a large chemical company, gets paid a sales…
A: Introduction: A commission is a charge paid to a salesperson by a deal in return for his or her…
Q: Benoit Company produces three products-A, B, and C. Data concerning the three products follow (per…
A: When there is constraining resource , then the contribution margin per constraining resource has to…
Q: Problem on long-term construction Axcel Construction Company has consistently used the percentage of…
A: Percentage of completion method is used to determine the recognition of income. Under this method,…
Q: Errors can occur in posting debits and credits from the journal to the ledger. One way to detect…
A: Errors in accounting refers to the mistakes made while recording the business transactions in the…
Q: If another employee can be hired for $60,000 per year, what would be the total cost of this employee…
A: Payroll expense are the wages, commission, compensation paid to the employees by the employer. The…
Q: b. How do you think accounting irregularities affect the pricing of corporate stock in general? From…
A: ACCOUNTING IRREGULARITIES: It is an entry or statement that does not conform to the normal rules of…
Q: operating income will increase by
A: Due to increase in sales, only variable expenses would increase. There would be no change in fixed…
Q: On January 1, 2021, ABC Company enters into a 4-year lease of a machinery. Annual rental is P200,000…
A: The lease is a type of financing in which the owner of the asset provides the right to use the asset…
Q: How much should be the correct debit to retained earnings for the property dividends?
A: Retained earnings are those earnings which has been earned by the company which represents the net…
Q: Futura Company purchases the 50,000 starters that it installs in its standard line of farm tractors…
A: Financial advantage (disadvantage) of making the starters = (Purchase price per unit - Relevant…
Q: On January 1, 2019, company acquired 2,000,000 face amound bonds dated January 1, 2022. The bonds…
A: Introduction' Bond is a investment securities that is issued by company where investors lends money…
Q: A manufacturer reports the data below. Accounts payable Accounts receivable Iaventory Set sales Cost…
A: Cash conversion cycle shows the number of days in which the company could efficiently collect and…
Q: cost($) 250,000 250,000 250,000 I profit ($) 20,000 15,000 8,000 ife(years) 30 30 30 al value($) 0…
A: The answer has been mentioned below.
Q: Answer in 20 minut
A: Debentures are an obligation instrument utilized by organizations and governments to give the…
Q: April 2 Purchased $3,900 of merchandise from Lyon Company with credit terms of 2/15, n/60, invoice…
A: Business Translations: An economic event involving a third party that is documented in the…
Q: The Regal Cycle Company manufactures three types of bicycles-a dirt bike, a mountain bike, and a…
A: Only the variable costs is relevant to the decision as it varies with production .Fixed cost on the…
Q: Discuss the different types of taxpayers.
A: there are different types of taxpayer in the Philippines it often times causes public confusion…
Q: How important is a purchases budget and how does it help managers run a company?
A: Purchase Budget shows amount of inventory that a company must purchase during each Budget period. It…
Q: Lace Company provided the following information during PROBLEMS Problem 10-1 (AICPA Adapted) the…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: The original price of a stock is Php 32.75 and its current price is 39.75. For the past year, the…
A: Lets understand the basics. Return on investment is a income earned and gain made on the investment.…
Q: Project ABCD has a 10% cost of capital and the following cash flows: Year Cash Flow -300 1 100 150…
A:
Q: One item is omitted in each of the following summaries of balance sheet and income statement data…
A: The balance sheet equation has assets = liabilities + capital. It is the fundamental concept of…
Q: Ling Ying Wei is operating a hospital to heal wounded people hit by gunfire. She purchased 5 new…
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: A 50-dollar bill falls out of the pocket of a billionaire and is found by a homeless person. From a…
A: Pareto Improvement is Way of Allocating good that harm no one and atleast Benefit Someone
Q: The employer CORRECTLY withheld the income tax from compensation. No income tax still due and…
A: Particulars Amount Amount Basic Salary 732000 Overtime Pay 34000 Holiday Pay 56000…
Q: A monthly benefit available to Canadians 65 years of age, who have lived in Canada for at least 10…
A: OAS in Canada is Old Age Security. It is given to the resident of Canada with some…
Step by step
Solved in 2 steps
- Use the common-size financial statements found here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 % Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total…CASE3: Data as given are shown below: Year Bartman Reynolds Market Index Stock Price Dividend Stock Price Dividend 2020 $17.250 $1.150 $48.750 $3.000 11,663.98 2019 14.750 1.06 52.300 2.90 8,785.70 2018 16.500 1.000 48.750 2.750 8,679.98 2017 10.750 0.950 57.250 2.500 6,434.03 2016 11.375 0.900 60.000 2.250 5,602.28 2015 7.625 0.850 55.750 2.000 4,705.97 Use the data given to calculate annual returns for Bartman and Reynolds, and the Market Index, and then calculate average returns over the five-year period. (Hint: Remember, returns are calculated by subtracting the beginning price from the ending price to get the capital gain or loss, adding the dividend to the capital gain or loss, and dividing the result by the beginning price. Assume that dividends are already included in…1.What is the EPS for 2016?a.1.82b.1.30c.1.63d.1.47 2.What is the weighted number of outstanding ordinary shares for 2017?a.310.5Mb.291.87Mc.270Md.285.78M
- Suppose the 2022 Adidas financial statement contain the following selected data (in millions) current assets 4215 total assets 9000 current liabilities 4860 cash 755 interest expense 150 income tax 190 net income 275 a.working capital b.current ratio c.debt to assets ratio d.times interest earenedSome selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500Total Assets in 2021 110,000Current Liabilities 40,000Total Assets in 2020 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 0.12b. 0.10c. 0.18d. 0.1310. The following information relates to the Smith Company for 2021: $ 1,600 Cash dividend declared for 2021 Retained earnings, January 1, 2021 Net income for 2021 4,680 1,920 Retained earnings, December 31, 2021 ? What was the December 31, 2021, balance of retained earnings? a. $4,360 b. $4,680 c. $5,000 d. $8,200 11. The method of valuation under the US GAAP is 1. accounts receivable at net realizable value. 2. short-term marketable securities at fair value. 3. inventories at current cost if current cost is higher than historical cost. a. b. C. d. 1 and 2 2 and 3 1 and 3 1, 2, and 3
- Suppose the following financial information is available for Walgreens. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 $9,200.0 460 0 1,840 2021 2022 8,600.0 387 0 2,150 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, eg 12.5%) 2021The income statement for the year ended December 31, 2016, is as follows: Paid-in capital: Excess of issue price over par-common stock. activities. of cash flows, using the low from tivities, PR 14-5A 1, 2015 Dec. 31, 2 lo $ 585,920 208,960 Dec. 31, 2016 Cash........... Assets $ 625,760 Accounts receivable (net) d Inventories 617,120 227,840 641,760 240,000 Investments Land arosTE Equipment.. 328,000 553,120 705,120 (148,000) Accumulated depreciation-equipment (166,400) $2,057,120 Total assets $2,362,080 $ 404,960 52,640 co0ro Accounts payable (merchandise creditors) Liabilities and Stockholders' Equity $ 424,480 42,240 Accrued expenses payable (operating expenses) Dividends payable. Common stock, $2 par.... 19,200 000 24,000 100,000 150,000 280,000 Retained earnings..... 417,500 1,200,320 Total liabilities and stockholders' equity. 1,303,860 $2,057,120 $2,362,080 008B 000 a2 Cost of merchandise sold 00080 Gross profit 008.800 Operating expenses: Sales $ 5,372,559 ebivid 3,306,190…Financial information for Forever 18 includes the following selected data:($ in millions) 2021 2020Net income $ 129 $ 308Dividends on preferred stock $ 20 $ 15Average shares outstanding 150 400Stock price $ 12.02 $ 10.97Required:1. Calculate earnings per share in 2020 and 2021. Did earnings per share increase in 2021?2. Calculate the price-earnings ratio in 2020 and 2021. In which year is the stock priced lower in relation to reported earnings?
- Reference is made to the 2022 Balance Sheet of Tram-Ropes limited. Tram-Ropes Limited Balance Sheet 2022 Cash Acc. Receivable Marketable securities Inventories Fixed Assets Total Assets i. 1,000,000.00 ii. 12,000,000.00 3,000,000.00 7,500,000.00 26,500,000.00 50,000,000.00 Accounts Payable Notes Payable Long-term Debt Common stock Preferred Stock Total Liabilities and Equity 8,000,000.00 8,500,000.00 20,000,000.00 7,500,000.00 6,000,000.00 Additional Information: The Long-Term debt consists of 8% annual coupon bonds, with 15 years to maturity and are currently selling for 95% of par. The company's common shares which have a book value of $20 per share are currently selling at $25 per share. 50,000,000.00Using the following balance sheet, calculate net working capital: Cash Marketable Securities Accounts receivable Inventory Current assets Net fixed assets Total assets Select one: O A. $60.00 O B. $40.00 O C. $10.00 O D. $90.00 $10 Accounts payable 30 Accruals 50 Notes payable 40 Current liabilities $130 Long-term debt 100 Common equity Retained earnings $230 Total liab. & equity $20 20 50 $90 0 30 50 $230Based on the given data, what is the returns for Company JFC? Company Dec. 30, 2020 Dec. 29, 2019 Dividends Returns (%) AC 395.00 301.00 5.00 JFC 88.90 55.00 2.50 O a. 66.18% Ob. 19.19% Oc. 32.89% d. 26.80%