131. The following information is available for Mobily Corporation. $ 105,000 $ 167,000 $ 67,000 $ 100,000 $ 73,000 Retained earnings beginning balance Dividends paid during the year Cash dividends declared Revenue Expenses What is the ending retained earnings balance? a) S 38,000 b) $ 65,000 C)$ 132.000 d) S 145,000

131. The following information is available for Mobily Corporation. $ 105,000 $ 167,000 $ 67,000 $ 100,000 $ 73,000 Retained earnings beginning balance Dividends paid during the year Cash dividends declared Revenue Expenses What is the ending retained earnings balance? a) S 38,000 b) $ 65,000 C)$ 132.000 d) S 145,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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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.)
1. During 2021, Target Corporation had: Revenue of $623,000 Cost of Goods Sold of $250,000 Operating expenses of $68,000 Interest expense of $4,000 Depreciation Expense of $13,000 During the year Target Corporation paid: 50% of net income in dividends 21% in corporate taxes a. Prepare a multi-step income statement on Sheet 1 of your spreadsheet. Include the dividend and additions to Retained Earnings below the income statement. b. Calculate Target's Operating Cash Flow beneath the Income Statement. 2. The following data refers to the 2021 year-end account balances for Target. However, the Retained Earnings balance is as of 12/31/2020. The accounts are listed in alphabetical order. $ Accounts Payable 25,000 Accounts Receivable 16,000 Accumulated Depreciation 175,000 Cash 44,000 Common Stock 120,000 Fixed Assets (gross) 390,000…
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?
1. During 2021, Target Corporation had:  Revenue of $623,000 Cost of Goods Sold of $250,000 Operating expenses of $68,000 Interest expense of $4,000 Depreciation Expense of $13,000During the year Starzine Corporation paid: 50% of net income in dividends 21% in corporate taxes a. Prepare a multi-step income statement on Sheet 1 of your spreadsheet. Include the dividend and additions to Retained Earnings below the income statement.b. Calculate Target's Operating Cash Flow beneath the Income Statement.2. The following data refers to the 2021 year-end account balances for Target. However, the Retained Earnings balance is as of 12/31/2020. The accounts are listed in alphabetical order.$Accounts Payable 25,000 Accounts Receivable 16,000 Accumulated Depreciation 175,000Cash 44,000 Common Stock 120,000 Fixed Assets (gross) 390,000 Inventory 135,000 Long Term Debt 111,000 Retained Earnings (2020) 51,992 Salary Payable 11,000
The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 O 20.1% 21.1% 19.1% 18.1% 2023 $962000 $883000 271000 250000 81300 81300 303000 303000 The return on assets for 2024 is 306700 248700 167000 35500 981000
1. James Company showed the following balances in its balance sheet as at year-end: P450,000 P1,150,000 P300,000 P900,000 120,000 shares Current Assets Non-current Assets Current Liabilities Non-current Liabilities Weighted average of outstanding shares According to the appraisal, 60% of the non-current assets can be replaced at 150% of their reported book value while the remaining balance of the non-current assets has replacement value of 65%. Reported balance of other items approximates their replacement value. How much is the replacement value of James Company at year-end? a.) P299,000 b.) P584,000 c.) P1,035,000 d.) P1,334,000 e.) P1,784,000
Blum Co. has the following balance sheet: 2023 $18,000 17,500 16,000 13,000 19,000 (12,000) Cash A/R Inventory L/T Investments Equipment Accum Depr A/P Accrued expenses Bonds Payable Common Stock Retained Earnings $69,000 47,000 22,000 11,500 $10,500 $12,000 2,000 14,000 19,000 24,500 The condensed income statement for 2023 is as follows: Sales COGS Gross Profit Operating expenses Net Income Additional Data: Equipment was bought for cash. Investments were sold at book value. Dividends of 5,000 were paid in cash. Stock was issued for cash. Bonds were retired for cash. 2022 $11,500 13,000 19,000 14,000 17,000 (11,500) $ 9,000 3,000 15,000 17,000 19,000 Prepare a Statement of Cash Flows (Indirect Method).for 2023. The stmt of CF must be presented in proper format. SHOW ALL COMPUTATIONS.
The following information pertains to BT21 Co. for the year.· Net assets, Jan.1, 2021- P1,008,480· Net assets, Dec. 31. 2021- P2,112,960· Share capital issued in 2021- P335,520· Dividends declared in 2021- P195,120How much is the profit (loss)?
Hancock Company reported the following account balancesat December 31, 2027:Sales revenue $97,000Dividends. $11,000Supplies 13,000Accounts payable 41,000Patent $59,000Building Common stock.. $27,000Insurance expense .... $31,000Notes payable .. $39,000Income tax expense $42,000Cash . . $19,000Repair expense ?Copyright $20,000Equipment $14,000Utilities payable. $22,000Inventory $64,000Retained earnings. .. $87,000 (at Jan. 1, 2027)Interest revenue $55,000Cost of goods sold ..... .. $37,000Accumulated depreciation .... $23,000 $34,000Accounts receivable ? Trademark. ... $51,000Calculate the total intangible assets reported in HancockCompany's December 31, 2027 balance sheet. The following additional information is available:1) The note payable listed above was a 4- year bank loan taken out on September 1, 2024.2) The total P - P - E at Dec. 31, 2027 was equal to 75% of the total current liabilities at Dec. 31, 2027. ՄԴ S
Some 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. 0.13
The following information pertains to BTS Co. for the year.· Net assets, Jan.1, 2021- P1,008,480· Net assets, Dec. 31. 2021- P2,112,960· Share capital issued in 2021- P335,520· Dividends declared in 2021- P195,120How much is the profit (loss)?
For the year ending December 31, 2022, Sheridan Inc. reports net income S147,000 and cash dividends $88.500. Determine the balance in retained earnings at December 31, assuming the balance in retained earnings on January 1, 2022, was $223,500. Balance in retained earnings %24