Required information (The following information applies to the questions displayed below.) Stacey's Piano Rebulding Company has been operating for one year. At the start of the second year, its income statement accounts had zero balances and its balance sheet account balances were as follows: Cash Accounts receivable Supplies Equipnent Land Building $ 7,100 30,100 1,510 10,200 7,700 26,600 Accounts payable Unearned revenue Long-tern note payable Comnon stock Additional paid-in capital Retained earnings $ 9,000 2,940 47,800 1,540 6, 160 15,770 a. Rebuilt and delivered five pianos in January to customers who paid $18,600 in cash. b. Received a $510 deposit from a customer who wanted her piano rebuilt. c. Rented a part of the building to a bicycle repair shop; received $910 for rent in January. d. Received $7,200 from customers as payment on their accounts. e. Received an electric and gas utility bill for $420 to be pald in February. 1. Ordered $920 in supplies. g. Paid $1,340 on account in January. h. Received from the home of Stacey Eddy, the major shareholder, a $1,000 tool (equipment) to use in the business in exchange for 110 shares of $1 par value stock. 1. Paid $14,600 in wages to employees who worked in January. J. Declared and paid a $2,100 dividend (reduce Retained Earnings and Cash). k. Recelved and paid cash for the supplies in ().
Dividend Valuation
Dividend refers to a reward or cash that a company gives to its shareholders out of the profits. Dividends can be issued in various forms such as cash payment, stocks, or in any other form as per the company norms. It is usually a part of the profit that the company shares with its shareholders.
Dividend Discount Model
Dividend payments are generally paid to investors or shareholders of a company when the company earns profit for the year, thus representing growth. The dividend discount model is an important method used to forecast the price of a company’s stock. It is based on the computation methodology that the present value of all its future dividends is equivalent to the value of the company.
Capital Gains Yield
It may be referred to as the earnings generated on an investment over a particular period of time. It is generally expressed as a percentage and includes some dividends or interest earned by holding a particular security. Cases, where it is higher normally, indicate the higher income and lower risk. It is mostly computed on an annual basis and is different from the total return on investment. In case it becomes too high, indicates that either the stock prices are going down or the company is paying higher dividends.
Stock Valuation
In simple words, stock valuation is a tool to calculate the current price, or value, of a company. It is used to not only calculate the value of the company but help an investor decide if they want to buy, sell or hold a company's stocks.
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[The following information applies to the questions displayed below.]
Stacey's Piano Rebulding Company has been operating for one year. At the start of the second year, its income statement
accounts had zero balances and its balance sheet account balances were as follows:
Cash
Accounts receivable
Supplies
Equipnent
Land
Building
$ 7,100
30,100
1,510
10,200
7,700
26,600
Accounts payable
Unearned revenue
Long-term note payable
Common stock
Additional paid-in capital
Retained earnings
$ 9,000
2,940
47,800
1,540
6, 160
15,770
a. Rebuilt and delivered five pianos in January to customers who paid $18,600 in cash.
b. Received a $510 deposit from a customer who wanted her piano rebuilt.
C. Rented a part of the building to a bicycle repair shop, received $910 for rent in January.
d. Recelved $7,200 from customers as payment on their accounts.
e. Received an electric and gas utility bill for $420 to be paid in February.
1. Ordered $920 in supplies.
g. Paid $1,340 on account in January.
h. Received from the home of Stacey Eddy, the major shareholder, a $1,000 tool (equipment) to use in the business in
exchange for 110 shares of $1 par value stock.
1. Paid $14,600 in wages to employees who worked in January.
j. Declared and paid a $2,100 dividend (reduce Retained Earnings and Cash).
k. Received and paid cash for the supplies in (0.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe545fd09-eb77-4890-bcfb-29db8d122cdd%2F40baddb2-4a44-46bf-a5ff-c04ddd57017e%2Fe98udke_processed.jpeg&w=3840&q=75)
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