12. Revenue from operations $960.000; Gross Profit Ratio 25%; Opening inventory $100.000, Closing inventory $60.000. Inventory Turnover Ratio will be: a) 10 Times b) 9 Times c) 8 Times c) 12,5 Times d) 15 Times
Q: on October 1. GHI made a withdrawal of P30,000 on November 1. Compute for the share of income of DEF…
A: Average capital balance of the partners during the year is taken and computed as the capital balance…
Q: F. The Silver Ray Corporation was organized on January 1, 2018 with authorized share capital…
A: There are two type of shares being issued by the business for raising capital. These are ordinary…
Q: 2) During the audit of a client you come to the conclusion that there is minimal likelihood that…
A: The auditor is appointed to form an opinion on the financial statement examined. The auditor is…
Q: Zambales Mining Co. mines three products. Gold Ore sells for P1,000,000 per ton, variable costs are…
A: Given Sales P1000000 Less: Variable cost P600000 Contribution P400000 Less:…
Q: Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk…
A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Prepare the journal entries on the books of Archibald Corp assuming that the exchange would have…
A:
Q: The first production department of Stone Incorporated reports the following for April. Direct…
A: >Process costing includes calculation of Equivalent units and cost per equivalent units.…
Q: The Australian Securities Exchange (ASX) Corporate Governance Council’s Corporate governance…
A: In August 2002, ASX convened the ASX Corporate Governance Council.Elizabeth Johnstone is the…
Q: Stockholders' Equity Prepare the Paid-In Capital portion of the stockholders' equity section of the…
A: Paid in capital section of stockholders equity does not include retained earnings
Q: 6. On January 1, 2011, Folk Company changed from the average cost method to the FIFO method to…
A: Inventory- A manufacturing company's inventory is a critical current asset. Inventory refers to the…
Q: Stock Split
A: Stock split is a situation where a particular number of shares are offered for each share held of…
Q: (2) Double-diminishing-balance method Year Opening Carrying Amount 2021 $ 2022 2023 2024 2025 2026…
A: Double decline balance method= Depreciation rate = = (1/ useful life) * 2 *100 Depreciation is…
Q: Determine whether the depreciation of the equipment will lead to a deferred tax asset, or a deferred…
A: Deffered Tax Liability: When asset's carrying value exceeds its tax base it is taxable temporary…
Q: Gage Company reports the following information for its first year of operations: Unit produced this…
A: Total variable overhead is Total output during the year * variable overhead cost per unit. Under…
Q: What is SBA Loans
A: Loans- Business loans, also known as commercial loans, are a type of finance used to fund business…
Q: Question 9 Mahtab wants to buy a car and is offered two payment options: (#1) cash payment of…
A: The HST stands for the Harmonized Sales Tax. The HST means the sales tax that is charged by the…
Q: Bentley Corporation received cash from issuing 13,000 shares of common stock at par on January 1,…
A: In the given question, the Corporation has issued 13,000 shares at par. The par value per share is $…
Q: Which of the following statements is false? Oa. Even small companies use computerized accounting…
A: Accounting cycle includes: Identifying transactions Journalizing Posting Unadjusted trial balance…
Q: Bloom Company management predicts that it will incur fixed costs of $259,000 and earn pretax income…
A: Here Sale for desired profit can be calculated using the formula given below. Sale for Desired…
Q: XYZ Ltd acquires 100 per cent of Red-X Ltd on 1 July 2021. XYZ Ltd pays the shareholders of Red-X…
A: Goodwill is the asset which is intangible in nature and can be computed by deducting the net asset…
Q: How must a change in accounting policy be accounted for to preserve comparability and consistency in…
A: Financial statements are written statement that consists of statement of profit and loss, statement…
Q: Z decided to withdraw from the partnership, his share in the partnership is 20%. Upon withdrawal, he…
A: Computation of total revaluation gain: Total partnership capital before withdrawal P252,000…
Q: Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.…
Q: A cash budget, by quarters, is given below for a retail company (000 omitted). The company requires…
A: Cash Budget:- A Cash budget is a detailed estimate of the cash receipt from all sources and cash…
Q: Jurvin Enterprises is a manufacturing company that had no beginning inventories. A subset of the…
A: Ledgers - After recording transactions in the journal next step is to transfer them into ledgers.…
Q: The Trial balance of HR Enterprise a sole trader at the end of 31st December 2013 is given below:…
A: Trading account represent the gross profit of the business activity during a period. Whereas the…
Q: 3. Compute for the following: Required: Payback period, payback reciprocal, accounting rate of…
A: Comment; Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: Taylor Company, a publicly owned entity, assesses performance and makes operating decisions using…
A: Answer: Option a - 350,000
Q: Danner Company expects to have a cash balance of $54,000 on January 1, 2020. Relevant monthly budget…
A: Introduction
Q: Question 53 of 75. In which of the following scenarios are qualified educational expenses for the…
A: Answer:- Qualified educational expenses for the education meaning:- Tuition, fees, and other…
Q: Cost of merchandise sold reported on the income statement was $263000. The accounts payable balance…
A: The value of products sold by a jobber or merchant is noted because the cost of merchandise sold .…
Q: Walker Corporation issued 10%, 5-year bonds with a par value of $10,000,000 on January 1, 2005.…
A: Bonds are a form of liability for the business, for which regular interest payments needs to be made…
Q: 1. Coral Company accounts for noncurrent assets using the cost model. On July 31, 2011, Coral…
A: Asset is defined as any resource or item that assists in attracting income to the owner. Each asset…
Q: X, Y and Z were partners sharing profits in the proportion of 3:2:1. Y Retires from the business.…
A: Journal Entries: Particulars Dr. Cr. 1. Revaluation A/c Dr 18300…
Q: Land was for R1 000 000. The land is currently measured under the revaluation model and the revalued…
A: Impairment test of an asset is required when there are indication that any impairment loss may have…
Q: The following is a partially completed lower section of a departmental expense allocation for Cozy…
A: Overhead means the amount of expenses incurred indirectly to produce the goods. These expenses can…
Q: At the end of an accounting period, a company's liabilities equaled $295,000, and owner's equity…
A: Introduction: The connection between a company's assets, liabilities, and capital is referred to as…
Q: Archibald Corporation, a public corporation exchanged an asset with Bass Industries. The following…
A: Journal Entries on the books of Archibald Corp assuming that the exchange would have commercial…
Q: 2) A purchase of equipment for $18 000 also involved freight charges of $500 and installation costs…
A: Introduction: Depreciation : Decreasing value of fixed assets over its useful life period called as…
Q: Mr. Raya earns purely compensation income for the year 2021 with an annual basic salary of…
A: Given, Government Mandatory Contributions – Php21,900.00, Holiday, OT and Night Differential Pay –…
Q: 13. Indang Company requires 40,000 kilos of soya beans each month in its operations. To eliminate…
A: Derivative assets or liabilities are part of balance sheet of the business. It means all type of…
Q: Moore Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $420,000 for…
A: Purchase budget: Purchase budget is prepared at the beginning of the year to estimate the purchase…
Q: Every year, John makes a donation to the United Way. She gave $3,250 in 2020. Calculate her…
A: Donations: Donations are the amounts made to charitable institutions like public trusts,…
Q: 9. On January 1, 2005, Paragon Company paid P6,000,000 to acquire a new barge. In the belief that it…
A: Residual value is defined as the amount at which a resource can be sold by the owner when it…
Q: The prices of bonds are quoted as a percentage of the bonds' face value. Group of answer choices…
A: Solution: Bonds are debt instrument issued to raise capital that carries fixed rate of interest.…
Q: Asset Liability Stockholders' Equity 1. Service Revenue 2. Common Stock 3. Accounts Payable 4.…
A: Introduction: Balance sheet: All Assets and liabilities are to be shown in Balance sheet. It tells…
Q: Justify budgetary control solutions and their impact on organisational decision making to ensure…
A: Budgetary control is the control which is put in place by the company or the organization so that…
Q: Need detail explanation Q. Find the breakeven point and provide the income statement at break even.…
A: Breakeven point (sales dollars)=Total Fixed ExpensesContribution Margin Ratio
Q: Sales Contribution margin Total direct fixed costs Total operating assets Jan. 1, 2022 $1248000…
A: Formula used: ROI = Net profit / Average Operating Assets. Division of Average operating assets with…
Q: 1. Coral Company accounts for noncurrent assets using the cost model. On July 31, 2011, Coral…
A: Noncurrent assets: Noncurrent assets are the assets of the long-term investment made by the company…
Step by step
Solved in 4 steps
- Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million shares of common stock outstanding and pays preferred dividends of $1 million a year. The company’s stock currently trades at $60 per share. Compute the stock’s earnings per share (EPS). What is the stock’s P/E ratio? Determine what the stock’s dividend yield would be if it paid $1.75 per share to common stockholders.
- Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?The accumulated profit account of One San Miguel Co, follows: Date Item Debit Credit 07/01/2020 Balance 48,500.00 08/31/2020 Dividends paid 12/31/2020 Net income for the year 20,000.00 32,400.00 04/01/2021 Premium on capital share 06/30/2021 Gain on treasury share 15,000.00 10,000.00 09/30/2021 Dividends declared 30,000.00 12/31/2021 Net Income for the year 45,100.00 Appraisal increase of land 30,000.00 Balance 131,000.00 181,000.00 181,000.00 What is the correct balance of Accumulated Profits on December 31, 2021?Beverly Company provides the following information for the year 2020: January 1 December 31 Total Assets P10,000,000 15,000,000 Total Liabilities 4,000,000 7,000,000 Share Capital 3,000,000 Share Premium 1,000,000 Retained Earnings ? ? During the year, the Company issued share capital of P2,000,000 at a premium of P400,000. Dividends of P1,600,000 were paid on December 10, 2020. Determine the amount of net income or loss for the year ended 2020 A. P1,200,000 income B. P1,800,000 loss C. P1,200,000 loss D. P1,800,000 income
- entó%20la%20siguiente%20información%20en%20su%20estado%20de%20situaci.. ESPAÑOL INGLÉS FRANCÉS ABC Corporation presented the following information in its 2021 statement of financial position: Common Stock ($30 par value, 5,000 issued and outstanding) $150,000 Capital paid in excess of par value of common $80,000 Retained Earnings $100,000 Prepare journal entries for each of the following transactions that occurred during the year: 24. 120 shares were purchased to be held as treasury stock at a cost of $60 per share. Enviar comentarios Guardado ContribuirAssume the company is operating at full capacity. The company pays out in dividends 60% of its net income and moves 40% of its net income into retained earnings. ASSETS 2020 2019 CASH AND MARKETABLE SECURITIES 29,000 25,000 116,000 100,000 145,000 125,000 290,000 250,000 362,000 350,000 130,000 100,000 232,000 250,000 TOTAL ASSETS 522,000 500,000 ACCOUNTS RECEIVABLE INVENTORIES CURRENT ASSETS GROSS PLANT AND EQUIPMENT LESS: ACCUMULATED DEPRECIATION NET FIXED ASSETS LIABILITIES AND EQUITY 78,000 ACCOUNTS PAYABLE ACCRURALS NOTES PAYABLE 90,480 30,000 34,800 25,420 CURRENT LAIBILITIES 150,700 142,000 145,000 140,.000 TOTAL LIABILITIES 295,700 282,000 150,000 150,000 76,300 34,000 LONG TERM DEBT COMMON STOCK ($1.00 par) RETAINED EARNINGS 68,000 TOTAL OWNER'S EQUITY 226,300 218,000 TOTAL LIABILITIES AND EQUITY 522,000 500,000 INCOME STATEMENT 2020 2019 NET REVENUES & SALES (100,000 UNITS) COST OF GOODS SOLD GROSS PROFIT FIXED OPERATING EXPENSES (pre depreciation) EBITDA Earnings before…Assume that Firm A is an all-equity firm with total assets of $5,000 and the following distribution of EBIT for the coming year: Fem A Unlevered Probability EBIT Interest EBT Taxes (40%) Net Income BEP ROA ROE O2.653% O 3.487% 2.800% O 3.098% Bad 3.774% 10.00% $500.00 $0.00 $500.00 -$200.00 $300.00 10.00% 6.00% 6.00% Economy Average 40.00% $700.00 $0.00 $700.00 -$280.00 $420.00 14.00% 8.40% 8.40% Now assume that the firm plans to issue $2,000 of debt, at an interest rate of 6.4 percent, and use the proceeds to repurchase equity (you may ignore potential impacts on price and assume that the firm will then have $3.000 of equity). Given this information, determine the standard deviation of the new ROE distribution. Good 50.00% $900.00 $0.00 $900.00 -$360.00 $540.00 18.00% 10.80% 10.80%
- Kk.1. Ford has the following information related to 2020: 2020 2021 - Sales $1,000,000 $1,200,000 - Current Assets 350,000. 35% 420,000 - Long-Term Assets 650,000 65% 780,000 - Current Liabilities 120,000 12% 144,000 - Long-Term Liabilities 280,000 N/A - Common Stocks 550,000. N/A - Retained Earnings 50,000. Sales are expected to grow by 20% next year with expected Net Profit Margin 20% and Dividends layout 60% Required: 1.How much discretionary Financing needed by Ford in 2021?A summary of the statement of financial position of M at 31 March 20X0 was as follows $'000 Total assets less current liabilities 120 Ordinary share capital 40 Share premium account 10 Retained profit 10 5% loan stock 60 120 If the operating profit for the year ended 31 March 20X0 was $15,000, what is the return on capital employed? A 12.5% B 25% C 30% D 37.5%Assume that Firm A is an all-equity firm with total assets of $5,000 and the following distribution of EBIT for the coming year: Firm A Unlevered Probability EBIT Interest EBT Taxes (40%) Net Income BEP ROA ROE Bad O 3.487% O 2.653 % O 3.098% O 3.774% O 2.800% 30.00% $500.00 $0.00 $500.00 -$200.00 $300.00 10.00% 6.00% 6.00% Economy Average 50,00% $700.00 $0.00 $700.00 -$280.00 $420.00 14.00% 8.40% 8,40% Good 20.00% $900.00 $0.00 $900.00 -$360.00 $540.00 18.00% 10.80% 10.80% Now assume that the firm plans to issue $2,000 of debt, at an interest rate of 6.4 percent, and use the proceeds to repurchase equity (you may ignore potential impacts on price and assume that the firm will then have $3,000 of equity). Given this information, determine the standard deviation of the new ROE distribution.