Homework Answers
A common size balance sheet helps to compare the proportion of a particular asset to total assets or proportion of particular liability to total liabilities. Generally, common size balance sheets are prepared for two or more financial years or for two or more companies.
For example -
Percent of cash for year 2017 to total assets of 2017 -
Cash = $ 36932
Total assets = $613684
=( $36932 / $613684 ) × 100
= 6.02%
On December 31, 2015, Alpha Córporation has outstanding 1,000 shares of $100 par value, 7% cumulative...
On December 31, 2015, Alpha Córporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: 1. Preferred Stock 2. Common Stock
Paulson Company issues 6%, four-year bonds, on December 31, 2015, with a par value of $200,000...
Paulson Company issues 6%, four-year bonds, on December 31, 2015, with a par value of $200,000 and semiannual interest payments. Semiannual Period-End Unamortized Discount Carrying Value (0) 12/31/2015 $ 13,466 $ 186,534 (1) 6/30/2016 11,782 188,218 (2) 12/31/2016 10,098 189,902 Use the above straight-line bond amortization table and prepare journal entries for the following. (a) The issuance of bonds on December 31, 2015. (b) The first interest payment on June 30, 2016. (c) The second interest payment on December 31,...
1. Journalise the transactions in both years 2015 and 2016 2. Prepare an extract of the...
1. Journalise the transactions in both years 2015 and
2016
2. Prepare an extract of the statement of financial
position showing the equity and liability sections at 31 December
2016
QUESTION 3 (TOTAL: 10 marks) Green Wave Berhad has the following equity accounts at 31 December 2014 Ordinary Share Capital, no par value Authorised 1,000,000 shares Issued: 480,000 shares RM480,000 9% Cumulative Preference Share Capital, no par value Authorised: 200.000 shares Issued Nil Retained carnings RM394,000 Additional information: Transactions in...
What is the inflation rate between 2015 & 2016? Prices Quantities 2015 2016 2015 2016 Soda...
What is the inflation rate between 2015 & 2016? Prices Quantities 2015 2016 2015 2016 Soda $2 $2 36 40 Burgers $8 $12 8 10 French Fries $2 $1 16 20
What was the change in Global's book value of equity from 2015 to 2016 according to...
What was the change in Global's book value of equity from 2015 to 2016 according to Table 2.1 ? Does this imply that the market price of Global's shares increased in 2016? Explain. What was the change in Global's book value of equity from 2015 to 20167 Global's book value of equity changed by S_million from 2015 to 2016. (Round to one decimal place.) i Data Table 2016 2015 Global Corporation Balance Sheet for 2016 and 2015 ($ millions) Assets...
On January 1, 2015, Kelsey issued 1,000 of its $1 par value, 6% preferred stock for...
On January 1, 2015, Kelsey issued 1,000 of its $1 par value, 6% preferred stock for $3 per share. Kelsey incurred no stock issuance costs. Each share of Kelsey’s preferred stock can be converted into 1 share of Kelsey’s $2 par value common stock. On August 15, 2015, when 1 share of Kelsey’s common stock was trading for $5 per share, 500 shares of the preferred stock were converted into common stock. On December 31, 2015, when 1 share of...
On January 1, 2015, Kelsey issued 1,000 of its $1 par value, 6% preferred stock for...
On January 1, 2015, Kelsey issued 1,000 of its $1 par value, 6% preferred stock for $3 per share. Kelsey incurred no stock issuance costs. Each share of Kelsey’s preferred stock can be converted into 1 share of Kelsey’s $2 par value common stock. On August 15, 2015, when 1 share of Kelsey’s common stock was trading for $5 per share, 500 shares of the preferred stock were converted into common stock. On December 31, 2015, when 1 share of...
(a) What is the CPI in 2015, 2016, and 2017 if 2015 is the base year?...
(a) What is the CPI in 2015, 2016, and 2017 if 2015 is the
base year?
(b) What is the (CPI) inflation 2015-2016 and 2016-2017?
(c) How does CPI differ in 2015 and 2016 if 2016 is the base
year?
(d) What effect does this have on your calculation of (CPI)
inflation between 2015-
3. Suppose you are told that a basket of goods to calculate a consumer price index contains the following items: 4 apples and 2 bottles of...
Comparative balance sheets for Softech Canvas Goods for 2016 and 2015 are shown below. Softech pays...
Comparative balance sheets for Softech Canvas Goods for 2016 and 2015 are shown below. Softech pays no dividends, and instead reinvests all earnings for future growth. Comparative Balance Sheets ($ in 000s) December 31 2016 2015 Assets: Cash $ 125 $ 90 Accounts receivable 225 245 Short-term investments 100 90 Inventory 450 290 Property, plant, and equipment (net) 1,100 925 $ 2,000 $ 1,640 Liabilities and Shareholders’ Equity: Current liabilities $ 490 $ 335 Bonds payable 285 285 Paid-in capital...
2- Complete the following Profit & Loss for year 2015 & 2016 2015 2.150.0( 2016 rease...
2- Complete the following Profit & Loss for year 2015 & 2016 2015 2.150.0( 2016 rease 25% of 2015 Year evenu ost of Sales ross Profit ross Profit % laterial 201 5 , l 3% of revenue larketu 2015, 15% of Gross Profit Labor 20 15, I 2% of Revenue Incidental 2015. I 3% of total Total Opex EBITDA EBIT DA % ecrease 2% ecrease 3 to year 2015 car 2015 to year 2015 se 7% BIT nterest Ex BT...
On December 31, 2015, Alpha Córporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to: 1. Preferred Stock 2. Common Stock
1. Journalise the transactions in both years 2015 and
2016
2. Prepare an extract of the statement of financial
position showing the equity and liability sections at 31 December
2016
QUESTION 3 (TOTAL: 10 marks) Green Wave Berhad has the following equity accounts at 31 December 2014 Ordinary Share Capital, no par value Authorised 1,000,000 shares Issued: 480,000 shares RM480,000 9% Cumulative Preference Share Capital, no par value Authorised: 200.000 shares Issued Nil Retained carnings RM394,000 Additional information: Transactions in...
What was the change in Global's book value of equity from 2015 to 2016 according to Table 2.1 ? Does this imply that the market price of Global's shares increased in 2016? Explain. What was the change in Global's book value of equity from 2015 to 20167 Global's book value of equity changed by S_million from 2015 to 2016. (Round to one decimal place.) i Data Table 2016 2015 Global Corporation Balance Sheet for 2016 and 2015 ($ millions) Assets...
(a) What is the CPI in 2015, 2016, and 2017 if 2015 is the
base year?
(b) What is the (CPI) inflation 2015-2016 and 2016-2017?
(c) How does CPI differ in 2015 and 2016 if 2016 is the base
year?
(d) What effect does this have on your calculation of (CPI)
inflation between 2015-
3. Suppose you are told that a basket of goods to calculate a consumer price index contains the following items: 4 apples and 2 bottles of...
2- Complete the following Profit & Loss for year 2015 & 2016 2015 2.150.0( 2016 rease 25% of 2015 Year evenu ost of Sales ross Profit ross Profit % laterial 201 5 , l 3% of revenue larketu 2015, 15% of Gross Profit Labor 20 15, I 2% of Revenue Incidental 2015. I 3% of total Total Opex EBITDA EBIT DA % ecrease 2% ecrease 3 to year 2015 car 2015 to year 2015 se 7% BIT nterest Ex BT...
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