I can't seem to get the numbers
right... i feel like i have the right calculations but cant put it
in right!
Homework Answers
Add Answer to:
I can't seem to get the numbers
right... i feel like i have the right calculations...
Exercise 1-11 Vaughn Manufacturing is the world's leading producer of ready-to-eat cereal and a leading producer...
Exercise 1-11 Vaughn Manufacturing is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2017 income statement and balance sheet. (All dollars are in millions.) Retained earnings Cost of goods sold Selling and administrative expenses $4.400 6,550 3,190 350 Notes payable Interest expense Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense 4.100 200 12,200 Prepare...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions] Retained earning Cost of goods sold Selling and administrative expenses Cash Notes payable Interest Expense $5,900 7,250 3050 340 Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense $5.400 B90 12,700 1,160 140 660...
I cannot seem to get the earnings per share of common stock correct.. Earnings per Share...
I cannot seem to get the earnings per share of common
stock correct..
Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Bowden Corporation's current operations: Sales revenue Cost of goods sold Selling expenses Administrative expenses Loss on sale of equipment Income tax expense Shares of common stock Outstanding at January 1 Additional issued at May 1 Additional issued at November 1 $760,000 450,000 65,000 72,000 5,000 42,000 20,000 shares 7,000 shares 2,000 shares Required Prepare...
I tried all solutions and numbers for b and c and nothing seemed to be right....
I tried all solutions and numbers for b and c and nothing seemed
to be right.
We were unable to transcribe this imageRequired A Req B and C Reconstruct the income statement using the contribution margin format. JOEL COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue $ 250,000 Less: Variable costs Cost of goods sold Sales commissions Shipping and handling expenses (130,000) 25,000 (2,000) $ 143,000 Less: Fixed costs Administrative salarie Advertising expense Depreciation expense (30,000)...
Can you do it with explain and steps by steps since I have no idea how...
Can you do it with explain and
steps by steps since I have no idea how to write the income
statement.
Hunter Co. is one of the nation's leading drugstore chains. Its recent income statement contained the following items (in millions) Cost of sales Provision for income taxes* Interest expense Net earnings Net sales Pretax income Selling, general, and administration expense Other income Total expenses Total revenues/income $ 11,611 299 38 1,377 16,370 1,676 3,473 428 15,122 16,798 *Note that...
I have two questions that I am requesting help with and an explanation for the correct...
I have two questions that I am requesting help with and an
explanation for the correct answer. Thank you
#2
#4
On December 31, 2021, the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $12.6 million. The robotics business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $8.8 million. The income from operations of the segment during 2021 was $5.8...
Prepare Income Statement Retained earnings $4,400 Bonds payable $4,900 Cost of goods sold 6,800 Inventory 800...
Prepare Income Statement
Retained earnings $4,400 Bonds payable $4,900 Cost of goods sold 6,800 Inventory 800 Selling and administrative expenses 3,410 Sales revenue 12,400 360 Accounts payable Cash 1,070 Notes payable 50 Common stock 140 320 Income tax expense Interest expense 561 Prepare an income statement for Kellogg Company for the year ended December 31, 202 KELLOGG COMPANY Income Statement (in millions) $4 2$
Presented below are the financial statements of Coronado Industries. Coronado Industries Comparative Balance Sheets December 31...
Presented below are the financial statements of Coronado Industries. Coronado Industries Comparative Balance Sheets December 31 Assets 2022 $ 49,000 2021 $28,000 Cash Accounts receivable Inventory Property, plant, and equipment 28,000 39,200 84,000 (44,800) $155,400 19,600 28,000 109,200 (33,600) $151,200 Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable $ 26,600 9,800 23,800 25,200 Bonds payable $ 21,000 11,200 46,200 19,600 53,200 $151,200 Common stock Retained earnings 70,000 Total $155,400 Coronado Industries Income Statement For the Year...
I don't know if I did it right but I still can't figure out the supplier...
I don't know if I did it right but I still can't
figure out the supplier amount
Saved Help Save& Exit Subm Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $136, 200 Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 55, 000 18, 500 31,000 10,300 5,100...
Presented below is information related to Coronado Corp. for the year 2020. Net sales $1,326,000 Write-off...
Presented below is information related to Coronado Corp. for the year 2020. Net sales $1,326,000 Write-off of inventory due to obsolescence $81.600 Cost of goods sold 795,600 Depreciation expense omitted by accident in 2019 56,100 66,300 Casualty loss 51.000 Selling expenses Administrative expenses Cash dividends declared 45.900 Dividend revenue 48.960 20.400 7.140 999.600 Retained earnings at December 31, 2019 Effective tax rate of 20% on all items Interest revenue Prepare a multiple-step income statement for 2020. Assume that 62.016 shares...
Exercise 1-11 Vaughn Manufacturing is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2017 income statement and balance sheet. (All dollars are in millions.) Retained earnings Cost of goods sold Selling and administrative expenses $4.400 6,550 3,190 350 Notes payable Interest expense Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense 4.100 200 12,200 Prepare...
Kellogg Company is the world's leading producer of ready-to-eat cereal anda leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2022 income statement and balance sheet. (All dollars are in millions] Retained earning Cost of goods sold Selling and administrative expenses Cash Notes payable Interest Expense $5,900 7,250 3050 340 Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense $5.400 B90 12,700 1,160 140 660...
I cannot seem to get the earnings per share of common
stock correct..
Earnings per Share and Multiple-Step Income Statement The following summarized data relate to Bowden Corporation's current operations: Sales revenue Cost of goods sold Selling expenses Administrative expenses Loss on sale of equipment Income tax expense Shares of common stock Outstanding at January 1 Additional issued at May 1 Additional issued at November 1 $760,000 450,000 65,000 72,000 5,000 42,000 20,000 shares 7,000 shares 2,000 shares Required Prepare...
I tried all solutions and numbers for b and c and nothing seemed
to be right.
We were unable to transcribe this imageRequired A Req B and C Reconstruct the income statement using the contribution margin format. JOEL COMPANY Income Statement For the Year Ended December 31, 2018 Sales revenue $ 250,000 Less: Variable costs Cost of goods sold Sales commissions Shipping and handling expenses (130,000) 25,000 (2,000) $ 143,000 Less: Fixed costs Administrative salarie Advertising expense Depreciation expense (30,000)...
Can you do it with explain and
steps by steps since I have no idea how to write the income
statement.
Hunter Co. is one of the nation's leading drugstore chains. Its recent income statement contained the following items (in millions) Cost of sales Provision for income taxes* Interest expense Net earnings Net sales Pretax income Selling, general, and administration expense Other income Total expenses Total revenues/income $ 11,611 299 38 1,377 16,370 1,676 3,473 428 15,122 16,798 *Note that...
I have two questions that I am requesting help with and an
explanation for the correct answer. Thank you
#2
#4
On December 31, 2021, the end of the fiscal year, Revolutionary Industries completed the sale of its robotics business for $12.6 million. The robotics business segment qualifies as a component of the entity according to GAAP. The book value of the assets of the segment was $8.8 million. The income from operations of the segment during 2021 was $5.8...
Prepare Income Statement
Retained earnings $4,400 Bonds payable $4,900 Cost of goods sold 6,800 Inventory 800 Selling and administrative expenses 3,410 Sales revenue 12,400 360 Accounts payable Cash 1,070 Notes payable 50 Common stock 140 320 Income tax expense Interest expense 561 Prepare an income statement for Kellogg Company for the year ended December 31, 202 KELLOGG COMPANY Income Statement (in millions) $4 2$
Presented below are the financial statements of Coronado Industries. Coronado Industries Comparative Balance Sheets December 31 Assets 2022 $ 49,000 2021 $28,000 Cash Accounts receivable Inventory Property, plant, and equipment 28,000 39,200 84,000 (44,800) $155,400 19,600 28,000 109,200 (33,600) $151,200 Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable $ 26,600 9,800 23,800 25,200 Bonds payable $ 21,000 11,200 46,200 19,600 53,200 $151,200 Common stock Retained earnings 70,000 Total $155,400 Coronado Industries Income Statement For the Year...
I don't know if I did it right but I still can't
figure out the supplier amount
Saved Help Save& Exit Subm Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $136, 200 Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 55, 000 18, 500 31,000 10,300 5,100...
Presented below is information related to Coronado Corp. for the year 2020. Net sales $1,326,000 Write-off of inventory due to obsolescence $81.600 Cost of goods sold 795,600 Depreciation expense omitted by accident in 2019 56,100 66,300 Casualty loss 51.000 Selling expenses Administrative expenses Cash dividends declared 45.900 Dividend revenue 48.960 20.400 7.140 999.600 Retained earnings at December 31, 2019 Effective tax rate of 20% on all items Interest revenue Prepare a multiple-step income statement for 2020. Assume that 62.016 shares...
Most questions answered within 3 hours.
-
Rank the following three stocks by their total risk level highest
to lowest night writer has...
asked 12 minutes ago -
A local
electronic company primarily manufactures four highly technical
telecommunication products. Each product must be processed...
asked 1 hour ago -
•Describe the basic structure of collagen monomers •Explain how
amino acid composition of collagen contributes to...
asked 2 hours ago -
Compute the sample correlation coefficient
r for each of the following data sets.
(Use 3 decimal...
asked 3 hours ago -
5a. What are the advantages and disadvantages of Proxy ARP?
b. What is the TTL field...
asked 3 hours ago -
An ice cube (density = 900[kg/m3]) with a side length of
2.54[cm] is held by a...
asked 5 hours ago -
would you say that leaders in the international context are born
or made? That is, can...
asked 5 hours ago -
Instructions
Read the Digital Trends article "Solid state drives are speedier
than hard disk drives. Are...
asked 5 hours ago -
A multiple-choice test consists of 29 questions with possible
answers of a, b, c, d. Estimate...
asked 5 hours ago -
Question 1: Ethanol is the active ingredient of alcoholic
beverages. It is also s a possible...
asked 5 hours ago -
In the process of a simple distillation, the substances in the
still head tube are in...
asked 5 hours ago -
In a normal distribution with mean 3 and standard deviation of
7, what are the upper...
asked 5 hours ago