What is net income for Shiver Ice House?Common Stock....$120,000Cash.......Supplies......$116,640$1,500Prepaid Rent....... $3,200Revenue............ $20,000Retained Earnings. $30,000O $20,528$19,578$24,578$23,728$49,578Accounts Payable......$25,000Accounts Receivable..$22,450Office Equipment......$23,300Unearned Revenue.... $4,152Utilities Expense....... $422Shaving Equipment...$31,640A

Net income is amount of profit a company has left after paying off all its expenses.The net income…

What is net income for Shiver Ice House? Common Stock....$120,000 Cash........ ........$116,640 Supplies...... $1,500 Prepaid Rent....... $3,200 Revenue.... ...... $20,000 Retained Earnings. $30,000 $20,528 $19,578 $24,578 $23,728 $49,578 Accounts Payable......$25,000 Accounts Receivable..$22,450 Office Equipment......$23,300 Unearned Revenue.... $4,152 Utilities Expense....... $422 Shaving Equipment...$31,640 4

What is net income for Shiver Ice House? Common Stock....$120,000 Cash........ ........$116,640 Supplies...... $1,500 Prepaid Rent....... $3,200 Revenue.... ...... $20,000 Retained Earnings. $30,000 $20,528 $19,578 $24,578 $23,728 $49,578 Accounts Payable......$25,000 Accounts Receivable..$22,450 Office Equipment......$23,300 Unearned Revenue.... $4,152 Utilities Expense....... $422 Shaving Equipment...$31,640 4

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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What is Ella Company’s equity ratio? a. 25.78% d. 74.22% b. 100.00% e. 137.78% c. 34.74%
7 You have been given the following information for Corky's Bedding Corporation: a. Net sales = $11,250,000. - b. Cost of goods sold = $7,900,000. c. Other operating expenses $150,000. d. Addition to retained earnings = $1,180,000. e. Dividends paid to preferred and common stockholders = $325,000. f. Interest expense = $840,000, all of which is tax deductible. The firm's tax rate is 21 percent. Calculate the depreciation expense for Corky's Bedding Corporation. Note: Round your answer to the nearest dollar amount. Depreciation expense
Please answer fast I will rate for you sure....
Use the following information to calculate cash received from dividends: Dividends revenue $ 71,500 6,000 Dividends receivable, January 1 Dividends receivable, December 31 4,700 Multiple Choice O O O $71,500. $70,200. $72,800. $77,500. $66,800.
Cash Accounts Receivable, Net Inventory Property, Plant and Equipment, net Total Assets Accounts Payable Mortgage Payable Common Stock, par $5 Retained Earnings Total Liabilities and Owners' Equity Sales for the year Cost of Goods Sold Net Income for the year 2021 25 65 50 140 280 50 100 90 40 280 4. Calculate the earnings per share. Show work. A. $3.00 B. $4.00 $100 C. $2.00 D. $2.50 50 36 2. Using horizontal analysis, what is the change in inventory? A. 35% increase B. 35% decrease C. 25% increase D. 25% decrease Using the information above, answer the following questions. 1. Using vertical analysis, what percentage is Mortgage Payable for year 2021? Show work. A. 34.23% B. 35.71% C. 40% D. 36.71% 3. Calculate the Accounts Receivable Turnover. Show work A. 1.6 times B. 1.6% C. 1.8 times D. 1.8% 2020 30 60 40 155 285 60 110 90 25 285
Prior Year Current Year Accounts payable 3,153.00 5,915.00 Accounts receivable 6,935.00 9,046.00 Accruals 5,794.00 6,085.00 Additional paid in capital 19,655.00 13,876.00 Cash. ??? ??? Common Stock 2,850 2,850 COGS 22,169.00 18,794.00 Current portion long-term debt 500 500 Depreciation expense 1,016.00 1,037.00 Interest expense 1,276.00 1,138.00 Inventories 3,041.00 6,672.00 Long-term debt 16,904.00 22,546.00 Net fixed assets 75,987.00 73,861.00 Notes payable 4,002.00 6,534.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,536.00 34,724.00 Sales 46,360 45,799.00 Taxes 350 920 Category ww What is the firm's total change in cash from the prior year to the current year?
Calculate liquidity measures The following amounts were reported on theDecember 31, 2013, balance sheet: Cash.......................................... $ 8,000Accounts receivable .................. 22,000Common stock ......................... 40,000Wages payable ......................... 5,000Retained earnings ..................... 80,000Land .......................................... 20,000Accounts payable ..................... $ 15,000Bonds payable .......................... 120,000Merchandise inventory .............. 30,000Buildings and equipment, net ofaccumulated depreciation ..... 180,000 Required:a. Calculate working capital at December 31, 2013.b. Calculate the current ratio at December 31, 2013.c. Calculate the acid-test ratio at December 31, 2013.
A7 please help....
< The following items are reported on a company's balance sheet: $296,600 Marketable securities 185,000 Accounts receivable (net) 121,000 Inventory 127,000 Accounts payable 228,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. Cash a. Current ratio b. Quick ratio
#8Aaron Moses Company prepared the tabulation below at December 31, 2020.Net Income ............................................................................................................ $500,000Adjustments to reconcile net income to net cash provided by operating activities:Depreciation expense, $63,000 ..................................................................... ______Decrease in accounts receivable, $50,000 .................................................... ______Increase in inventory, $23,000 ....................................................................... ______Increase in accounts payable, $15,300 ......................................................... ______Increase in interest receivable, $7,000 .......................................................... ______Increase in supplies, $6,000 .......................................................................... ______Decrease in income taxes payable, $7,500…
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