Please discuss the performance of the Home Depot stock based on the closing stock prices for the last 5 fiscal year-ends. Please explain the reasons for fluctuation and topics that might be worth discussing. Keep in mind this is an accounting class. year - full date - price 2018 - Feb 3rd, 2019 - 90.96 2019 - Feb 2nd, 2020 - 115.58 2020 - Jan 31st, 2021 - 140.52 2021 - Jan 30th, 2022 - 194.16 2022 - Jan 29th, 2023 - 171.96
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- Gray Company lists the following shareholders equity items on its December 31, 2018, balance sheet: The following stock transactions occurred during 2019: Required: 1. Prepare journal entries to record the preceding transactions. 2. Prepare the December 31, 2019, shareholders equity section (assume that 2019 net income was 225,000).Balance Sheet Calculations Dawson Companys balance sheet information at the end of 2019 and 2020 is as follows: Additional information: The company did not issue any common stock during 2020. Required: Next Level Fill in the blanks labeled (a) through (l). All the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)Refer to the information in RE13-11. Assume that on December 31, 2019, the investment in Cornett Company stock has a market value of 10,500. Prepare the year-end journal entry to record the unrealized gain or loss.
- Balance Sheet Calculations Cornerstone Development Companys balance sheet information at the end of 2019 and 2020 is provided in random order, as follows: Additional information: At the end of 2019, (a) the amount of long-term liabilities is twice the amount of current liabilities and (b) there are 2,900 shares of common stock outstanding. During 2020, the company (a) issued 100 shares of common stock for 25 per share, (b) earned net income of 20,600, and (c) paid dividends of 1 per share on the common stock outstanding at year-end. Required: Next Level Fill in the blanks lettered (a) through (p). All of the necessary information is provided. (Hint: It is not necessary to calculate your answers in alphabetical order.)Included in the December 31, 2018, Jacobi Company balance sheet was the following shareholders equity section: The company engaged in the following stock transactions during 2019: Required: 1. Prepare journal entries to record the preceding transactions. 2. Prepare the December 31, 2019, shareholders equity section (assume that 2019 net income was 270,000).The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales Cost of goods sold Gross profit Expenses: Operating expenses. Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds $852,000 27,000 7,400 12,000 42,000 $3,006,000 1,944,000 1,062,000 940, 400 $ 121,600 VIRTUAL GAMING SYSTEMS Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable. Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Balance Sheets December 31 2021 $180,000 75,000 99,000 11,400 99,000 204,000 264,000 (63,000) $869,400 $ 60,000 4,800 12,000 279,000 294,000 219,600 2020 $138,000 54,000 129,000…
- Refer to the stock market quote in Table 8–1. a. What was the closing stock price for Celldex Therapeutics on February 21, 2020? b. What was the percentage change in Ducommun stock price from February 20, 2020, and February 21, 2020? c. How many shares of Eldorado Gold Corporation stock were traded on February 21, 2020? (For all requirements, round your answers to 2 decimal places. (e.g., 32.16)) a. Closing stock price b. Percentage change in Ducommun's stock price % С. Eldorado Gold Corporation were traded millionThe following are the balance, receipts and issues of stocks for Tamapo's inventory for the month of January 2019. 1 January 2019 opening balance of 2,000.00 units at P2.02 per unit 15 January 2019 receipts of 10,000.00 units at P2.20 per unit 25 January 2019 issues of 8,000.00 units Required: Calculate the closing stock using the AVCO method of inventory valuation.An evaluation of a physical stock count on 30th April, 2020 in respect of the financial year ending on that date at Cranfleet Commodities has produced a figure of ₤187,033.The firm’s book-keeper has approached you, as the accountant, for assistance in dealing with the following matters to enable him to arrive at a final figure of closing inventory for inclusion in the annual accounts: (1) 320 components included at their original cost of ₤11 each can now be bought in for only ₤6 each due to over production by the manufacturer. This drop in price is expected to be only temporary and the purchase price is expected to exceed its original figure within 12 months. Cranfleet Commodities intends to continue selling the existing stock at the present price of ₤15 each. (2) It has been discovered that certain items which had cost ₤5,657 have been damaged. It will cost ₤804 to repair them after which they can be sold for ₤6,321. (3) On one stock sheet a sub-total of ₤9,105 has been carried…
- Financial information for Forever 18 includes the following selected data:($ 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?Using the information for Hickory Fast Foods Inc. presented in the table below, determine the following: 1. Percentage of change in the stock's price since the beginning of the year. 2. Difference between the closing price today and the closing price on the previous trading day. 3. Price-earnings ratio. Year-to-Date % Change 12.13% EPS $2.27 52-Week Hi $51.78 PE Ratio 20.30 52-Week Lo $32.59 Volume 3,000,000 Dividend $0.55 Close Price $46.09 Yield Percentage 1.19% Net Change 0.42 1. Percentage of change: ? 2. Difference: 3. Price-earnings ratio: %24From the following figures (A) calculate the closing stock in trade that would be shown using (i)FIFO (ii)LIFO (iii)AVCO methods on a PERIODIC inventory basis. (B)Then prepare an income statement using (i)FIFO (ii)LIFO (iii)AVCO methods. Bought Sold January 120 at $16each June 125 at $22 each April 80 at $18 each November 210 at $25 each October 150 at $19 each Attached pictures of the Textbook to help with answering the question