Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $51.472 million Cash...
| Midyear on July 31st, the Baldwin Corporation's balance sheet
reported: Total Liabilities of $51.472 million Cash of $4.020 million Total Assets of $84.210 million Total Common Stock of $2.540 million. What were the Baldwin Corporation's retained earnings? |
||||||||
| Select: 1 | ||||||||
|
Homework Answers
| Solution: | |||
| Answer is 2nd option $30.198 million | |||
| Working Notes: | |||
| Total Liabilities = Total Assets - (Retained Earnings + Total Common Stock) | |||
| $51.472 million = $84.210 million - (Retained Earnings + $2.540 million) | |||
| Retained Earnings = $84.210 million - $51.472 million -$2.540 million | |||
| Retained Earnings = $30.198 million | |||
| Notes: | Cash is already included in Total assets | ||
| Please feel free to ask if anything about above solution in comment section of the question. | |||
Add Answer to:
Midyear on July 31st, the Baldwin Corporation's balance sheet
reported:
Total Liabilities of $51.472 million
Cash...
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash...
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Liabilities of $77.152 million Cash of $6.030 million Total Assets of $125.978 million Retained Earnings of $28.133 million. What was the Digby Corporation's common stock? Select: 1 $26.723 million $20.693 million $82.989 million $76.959 million
midyear on July 31st, the Baldwin corporation balance sheet reported: Total Liabilities of $25.523 million Cash...
midyear on July 31st, the Baldwin corporation balance sheet reported: Total Liabilities of $25.523 million Cash of $2.010 million total assets of $41.142 million retain earnings of $8.721 million what was the Baldwin corporations common stock? a. 26.350 million b. 6.898 million c. 24.340 million d. 8.908 million
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $252.695 million Total...
Midyear on July 31st, the Digby Corporation's balance sheet reported: Total Assets of $252.695 million Total Common Stock of $7.620 million Cash of $12.060 million Retained Earnings of $57.396 million. What were the Digby Corporation's total liabilities? Select: 1 $195.299 million. $187.679 million. $199.739 million. $175.619 million.
Mibyear on July 31st, the Baldwin Cor poration's balance sheet reported Total Liabilities of $102.394 million...
Mibyear on July 31st, the Baldwin Cor poration's balance sheet reported Total Liabilities of $102.394 million Cash of $8.040 million Total Assets of $165.131 million Total Common Stock of $5.080 million. What were the Baldwin Corporation's retained eamings? Select: 1 □ $57.657 million $65.697 million □ $67.817 million I﹁ $75.857 million , Long term) UIRER rorecasting
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $69,309 Common...
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $69,309 Common Stock $9,871 Retained Earnings $86,004 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year? Select: 1 $165,184 $186,684 $95,875 $216,684
The Andrews Company has just purchased $50,000,000 of plant and equipment that has an estimated useful...
The Andrews Company has just purchased $50,000,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,000,000. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP) Select: 1 Save Answer $43,333,333 $40,000,000 $36,000,000 $41,000,000 Baldwin has an asset turnover of 1.64 (Asset Turnover Sales/Assets). That means: Select: 1 Save Answer...
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $175,467 Total L
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $175,467 Total Liabilities $105,271 Retained Earnings $32,013 Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year?Select: 1 $60,983 $125,383 $367,751 $271,525
The Baldwin company currently has the following balances on their balance sheet: Assets $180,090 Common Stock...
The Baldwin company currently has the following balances on their balance sheet: Assets $180,090 Common Stock $12,907 Retained earnings $92,633 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Please explain the calculation: The Baldwin Company currently has the following balances on their balance sheet:...
Please explain the calculation: The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $139,915 Common Stock $53,134 Retained Earnings $37,069 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year? Choices: $90,203 $251,618 $281,618 $230,118
The classified balance sheet for a company reported current assets of $1,688,830, total liabilities of $800,540,...
The classified balance sheet for a company reported current assets of $1,688,830, total liabilities of $800,540, Common Stock of $1,010,000, and Retained Earnings of $131,260. The current ratio was 2.6 What is the total amount of noncurrent assets? Multiple Choice $252,970 $649,550 $547,570 $888,290
Mibyear on July 31st, the Baldwin Cor poration's balance sheet reported Total Liabilities of $102.394 million Cash of $8.040 million Total Assets of $165.131 million Total Common Stock of $5.080 million. What were the Baldwin Corporation's retained eamings? Select: 1 □ $57.657 million $65.697 million □ $67.817 million I﹁ $75.857 million , Long term) UIRER rorecasting
The Andrews Company has just purchased $50,000,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,000,000. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP) Select: 1 Save Answer $43,333,333 $40,000,000 $36,000,000 $41,000,000 Baldwin has an asset turnover of 1.64 (Asset Turnover Sales/Assets). That means: Select: 1 Save Answer...
The classified balance sheet for a company reported current assets of $1,688,830, total liabilities of $800,540, Common Stock of $1,010,000, and Retained Earnings of $131,260. The current ratio was 2.6 What is the total amount of noncurrent assets? Multiple Choice $252,970 $649,550 $547,570 $888,290
Most questions answered within 3 hours.
-
The random variable X is exponentially distributed, where X
represents the time it takes for a...
asked 37 seconds ago -
MATLAB
write a MATLAB function (1) output a third-order polynomial
function with the coefficients as the...
asked 8 minutes ago -
A z-score
communicates a raw score’s "relative standing"
under the normal curve in relation to:
asked 16 minutes ago -
An object is vibrating on a spring with the following equation
of motion:
?=(30 ??)cos((2?)/(160)?)
a)...
asked 15 minutes ago -
Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively...
asked 18 minutes ago -
If organizations do not adapt fast enough and move incrementally
from the twentieth-century model to the...
asked 19 minutes ago -
A helium balloon with 2.5L of gas has a gauge pressure of 10,000
Pa. The balloon...
asked 23 minutes ago -
What is responsible for Jupiter's enormous magnetic field?
asked 38 minutes ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 40 minutes ago -
Implement C++ program for each of the following.
Let D = [-48, -14, -8, 0, 1,...
asked 1 hour ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 1 hour ago -
Let’s say you are teaching a typically-developing young child
how to eat with a spoon. Describe...
asked 57 minutes ago