Van you help with number 5 and 6, please?
Homework Answers
Q5. When the shares are repurchased the the number of shares held by the shareholder decreases but the price of the share increases, making sure he makes profit. As the share prices increase , sharholders can hold the shares for longer time period and can defer the capital gain tax.
Q6. Account receivable period = account receivable / sales × 365
= 110/5,000 × 365
= 0.0220 × 365
= 8.03 days
Account payable period = account payable / cost of goods × 365
= 270 / 5,000 ×365
= 0.0540 × 365
= 19.71 days
Inventory period = inventory / cost of goods sold × 365
= 550 / 4,200 ×365
= 0.1310 × 365
= 47.8 days
Cash conversion cycle = account receivable period + inventory peruod - account payable period
= 8.03 + 47.8 - 19.71
= 36.12 days
Add Answer to:
Van you help with number 5 and 6, please?
5. The market value balance sheet for...
1. Enter the change for each balance sheet item for the following transactions as a +...
1. Enter the change for each balance sheet item for the following transactions as a + or - number. Enter amounts in thousands. Do not enter commas. Remember: assets = liabilities + equity: Founder invests $400,000 in savings and borrows $200,000 from relatives to start business Cash $ ___ . Fill in the blank. Equity $ ___. Fill in the blank. Loan $ ___. Sale of used equipment with a book value of $300,000 for $500,000 cash. Cash $ ___-....
Rational Demiconductor has the following market-value balance sheet: Rational Demiconductor Balance Sheet (Market Values, in $...
Rational Demiconductor has the following market-value balance sheet: Rational Demiconductor Balance Sheet (Market Values, in $ millions) Surplus cash $ 4 $ 0 Debt Fixed assets and net working capital 27 $ 31 31 $ 31 Equity market capitalization (1 million shares at $31 per share) Assume that Rational wins a lawsuit and is paid $3 million in cash. Its market capitalization rises by that amount. It decides to pay out $7 per share instead of $1 per...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securi...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
TSE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through...
TSE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 45 30 Average collection period (days) Number of shares outstanding 15,000 Accounts payable days Sales $850,000 Retained earnings (2018) $537,400 Gross profit margin 20% Dividend payout ratio 80% Inventory turnover ratio Accruals $9,000 Net profit margin 15% 1.25 Current ratio Return on assets Debt ratio Notes payable $13,000 Note: Of total sales. 60 percent are on credit and the remainder are cash sales....
USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30 $...
USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30 $ 320,000 30% 4X Sales Gross profit margin Inventory turnover ratio (Cost of goods sold/Inventory) Net profit margin Average collection period Return on equity Accumulated depreciation Return on assets Accounts payable days Notes payable Gross fixed assets Percent of sales on credit (remainder are cash sales) 25% 15,000 12.5% $ 1,800 48,000 75% NOTE: Assume a 360 day year for all ratios, etc. Assume that...
please help fill out this sheet Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contai...
please help fill out this sheet
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 DUSITISSUUUISE Balance Sheet December 31 Assets Current Assets:...
Fill in the missing numbers on the balance sheet. (2 points each) Balance Sheet At December...
Fill in the missing numbers on the balance sheet. (2 points each) Balance Sheet At December 31, 2018, a company's records show the following information in the Balance Sheet. Cash Accounts Receivable Inventory Accounts Payable Wages Payable Short-term Notes Payable $325,000 150,000 40,000 520,000 650,000 Total Current Assets 1,305,000 Total Current Liabilities Other long-term Assets $ Long-term debt $445,000 Total Assets $ 1,543,000 Total Liabilities Total Stockholders' Equity (Owner's Equity)
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance...
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance Sheet Inventory 335,000 Accounts Receivable Accounts Payable 40.000 Buildings Furniture and Fixtures 16,000 Trademark Mortgage 325,000 Note Payable (6 month) Equipment and Vehicles 40,000 Retained Earnings Notes Receivable (3 month) 50,000 Land Common Stock (1,000,000 shares) 100,000 Cash Salaries Payable 90,000 192,000 110,000 20,000 150,000 113,000 40,000 15,000 Assets Current Assets Total Current Assets Fixed Assets Total Fixed Assets Intangible Assets Total Intangible Assets...
The most recent balance sheet and income statement of Penaloza Corporation appear below: Comparative Balance Sheet...
The most recent balance sheet and income statement of Penaloza Corporation appear below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents............... $47 $39 Accounts receivable......................... 49 55 Inventory.......................................... 36 39 Property, plant and equipment......... 474 370 Less accumulated depreciation........ 250 218 Total assets..................................... $356 $285 Liabilities and stockholders' equity: Accounts payable.......................... $36 $35 Accured liabilities.......................... 27 25 Income taxes payable.................... 36 44 Bonds payable............................... 88 80 Common stock.............................. 45 40 Retained earnings........................ 124 61 Total liabilities...
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
TSE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 45 30 Average collection period (days) Number of shares outstanding 15,000 Accounts payable days Sales $850,000 Retained earnings (2018) $537,400 Gross profit margin 20% Dividend payout ratio 80% Inventory turnover ratio Accruals $9,000 Net profit margin 15% 1.25 Current ratio Return on assets Debt ratio Notes payable $13,000 Note: Of total sales. 60 percent are on credit and the remainder are cash sales....
USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30 $ 320,000 30% 4X Sales Gross profit margin Inventory turnover ratio (Cost of goods sold/Inventory) Net profit margin Average collection period Return on equity Accumulated depreciation Return on assets Accounts payable days Notes payable Gross fixed assets Percent of sales on credit (remainder are cash sales) 25% 15,000 12.5% $ 1,800 48,000 75% NOTE: Assume a 360 day year for all ratios, etc. Assume that...
please help fill out this sheet
Preparation of Balance Sheet Ari Company's December 31 post-closing trial balance contains the following normal balances: Cash $19,000 Accounts payable 20,000 Building 439,500 Long-term notes payable 785,000 Common stock 950,000 Retained earnings 75,000 Accumulated depreciation-Equipment 180,000 Land 877,000 Accounts receivable 22,500 Accumulated depreciation-Building 135,000 Wages payable 6,000 Patent (net of amortization) 120,000 Notes payable (short term) 131,000 Inventory 206,000 Equipment 600,000 Allowance for doubtful accounts 2,000 DUSITISSUUUISE Balance Sheet December 31 Assets Current Assets:...
Fill in the missing numbers on the balance sheet. (2 points each) Balance Sheet At December 31, 2018, a company's records show the following information in the Balance Sheet. Cash Accounts Receivable Inventory Accounts Payable Wages Payable Short-term Notes Payable $325,000 150,000 40,000 520,000 650,000 Total Current Assets 1,305,000 Total Current Liabilities Other long-term Assets $ Long-term debt $445,000 Total Assets $ 1,543,000 Total Liabilities Total Stockholders' Equity (Owner's Equity)
Balance Sheet: Use the following financial information to prepare a balance sheet: Burger Shack, Inc.; Balance Sheet Inventory 335,000 Accounts Receivable Accounts Payable 40.000 Buildings Furniture and Fixtures 16,000 Trademark Mortgage 325,000 Note Payable (6 month) Equipment and Vehicles 40,000 Retained Earnings Notes Receivable (3 month) 50,000 Land Common Stock (1,000,000 shares) 100,000 Cash Salaries Payable 90,000 192,000 110,000 20,000 150,000 113,000 40,000 15,000 Assets Current Assets Total Current Assets Fixed Assets Total Fixed Assets Intangible Assets Total Intangible Assets...
Most questions answered within 3 hours.
-
Estimating effect size. Peng and Chen (2014)
evaluated effect size estimates for various tests. In their...
asked 7 minutes ago -
Write a script in MySQL that creates and calls a stored
procedure name test. This procedure...
asked 8 minutes ago -
If we test the following: H0: μ = 17
vs. H1: μ ≠ 17 and the...
asked 18 minutes ago -
in the past year TVG had revenues of 3 million, cost
of goods sold of $25...
asked 24 minutes ago -
4) In a polypeptide, which bond cannot rotate because of its
partial double bond character?
The...
asked 56 minutes ago -
Assume that in the short run L = 1,000 and K = 100. 1. What is...
asked 51 minutes ago -
At a given temperature, 2.06 atm of H2 and 3.7 atm of Br2 are
mixed and...
asked 50 minutes ago -
Sodium reacts with Hydrochloric acid to form sodium chloride and
hydrogen gas. 2Na(s)+ 2 HCl(aq)-> 2...
asked 57 minutes ago -
The following circuits (1 & 2) are combined to form a
series-parallel circuit and resulting circuit...
asked 1 hour ago -
Feynman's use of path integrals can make some of the transition
from quantum scale to real...
asked 1 hour ago -
Pb(NO3)2 (aq) + 2 KCl (aq) PbCl2 (s) + 2 KNO3 (aq)
If 54.5mL of 3.82M...
asked 1 hour ago -
Razeghi (2008) states "In order to succeed at innovation, do not
focus on being creative; rather...
asked 1 hour ago