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Consider the Throwback Company's financial results for Years 1 - 5 (see excel). ExcelData For each...
Consider Brighton’s results for Year 0 (see excel click here). The sales forecast for Year 1...
Consider Brighton’s results for Year 0 (see excel click
here). The sales
forecast for Year 1 is given in excel. In addition, Brighton plans
on paying dividends of $20,000 in Year 1, they have 40,000 shares
of common stock outstanding and for simplification, assume their
tax expense is 35% of EBT. For Year 1, forecast Brighton’s:
Basic Earnings per common share (rounded to the nearest
cent).
Retained earnings (rounded to the nearest dollar).
Brighton Company
Year 0
Year 1
Cash...
PREPARATION OF FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL PERFORMANCE ISM Industries provided the...
PREPARATION OF FINANCIAL STATEMENTS STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL PERFORMANCE ISM Industries provided the following account balance on December 31, 2019 Share capital 5,000,000.00 Share premium 500,000.00 Retained Earnings 880,000.00 Serial bonds payable (Php500,000.00 due every July 1 of each year) 2,500,000.00 Employees income tax payable 20,000.00 Notes payable 100,000.00 Accrued expenses 30,000.00 Accrued interest on note payable 10,000.00 Income tax payable 60,000.00 Allowance for doubtful accounts 50,000.00 Advances from customers 100,000.00 Accounts receivable 500,000.00 Accumulated depreciation –...
Year 1 wN Brighton Company Year 0 3 Cash 50,000.00 4 Accounts Receivable 275,000.00 5 Inventory...
Year 1 wN Brighton Company Year 0 3 Cash 50,000.00 4 Accounts Receivable 275,000.00 5 Inventory 350,000.00 6 Net PP&E 800,000.00 7 Total Assets 1,475,000.00 40,000.00 80,000.00 190,000.00 40,000.00 (10,000.00) 100,000.00 1,100,000.00 (25,000.00) 1,475,000.00 40,000.00 9 Accounts Payable 10 Notes Payable 11 Common Stock 12 Treasury Stock 13 Additional Paid-in Capital 14 Retained Earnings 15 Accumulated OCI 16 Total Liab and Equity 17 18 Sales 19 Variable Expenses 20 Contribution Margin 21 Fixed Expenses 22 Operating Income 23 Nonrecurring Gain...
Write a narrative of up to 750 words in which you describe the following trends in...
Write a narrative of up to 750 words in which you describe the
following trends in the below images related to the income
statement, balance sheet and financial ratios. Identify what you
believe to be the most significant changes. The assignment is
completed by simply describing the changes. As an option, you may
speculate as to the causes of the changes.
wwc Balance Sheet wwc Retained Earnings Horizontal Analysis Increase or (Decrease) 2018 over 2017 Dollars Percent Vertical Analysis Percent...
I Love Corporate Accounting Ltd commences operations on 1 July 2018 and presents its first statement...
I Love Corporate Accounting Ltd commences operations on 1 July 2018 and presents its first statement of profit and loss and other comprehensive income and first statement of financial position on 30 June 2019. The statements are prepared before considering taxation. The following information is available: Statement of Profit or Loss and other comprehensive income for the year ended 30 June 2019 Gross Profit $ 730,000.00 Expenses Administration expenses $ 80,000.00 Salaries $ 200,000.00 Long-service Leave $ 20,000.00 Warranty expenses...
Book1 - Excel Home Insert Page Layout Formulas Data Review View Tell me what you want...
Book1 - Excel Home Insert Page Layout Formulas Data Review View Tell me what you want to do Calibri General Normal Ee Copy 트 ,,El Merge & Center . $ ·96 , +0-0 Conditional Format as Neutral Format Painter Formatting Table Alignment Number ACCOUNT NOTICE We've run into a problem with your Office 365 subscription, and we need your help to fix it. Reactivate A38 Required: To find the Cash paid to suppliers 1 As the accountant for MM Group...
Just need help with cash flows from operating activities! The comparative balance sheet of Livers Inc....
Just need help with cash flows from operating activities!
The comparative balance sheet of Livers Inc. or December 31, 20Y3 and 20Y2, s as follows: Dec. 31, 20Y3 Dec.31,20Y2 1 Assets 2 $155,000.00 $150,000.00 3 Cash Accounts receivable (net) 450,000.00 400,000.00 4 770,000.00 5 Inventories 750,000.00 0.00 100,000.00 6 Investments 0.00 7Land 500,000.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) $2,675,000.00 $2,100,000.00 10 Total assets Liabilities and Stockholders' Equity 11 $340,000.00 $300,000.00 12 Accounts payable (merchandise creditors) 50,000.00...
1 3 Minneapolis, Inc. is a small shop in the neighborhood that sells fruit. The owner...
1 3 Minneapolis, Inc. is a small shop in the neighborhood that sells fruit. The owner of the shop, Ms. Foster, hired 4 you to help with her accounting. The previous accountant got married and left the company. Ms. Foster 5 was able to finish the financial statement except the statement of cash flow so she asked you to prepare the s statement of cash flow as your first job. 7 8 Ms. Foster prepared the following financial statements. 2018...
can you pleas check if my adjusted ammounts and percentages good We were unable to transcribe...
can you pleas check if my adjusted ammounts and percentages
good
We were unable to transcribe this image38 39 40 41 Comparative Statement of income For the Years Ended December 31, 2020 and 2019 2020 $ 850,000.00 $475,000.00 $ 375 000.00 2019 $ 790,000.00 $ 450,000.00 $ 340,000.00 Adjustment $ 60,000.00 $ 25,000.00 $ 35,000.00 2020 Percent 100.00% 55.88% 44 12% 2019 Percent 100.00% 56.96% 43.04% 42 43 Sales 44 Cost of Goods Sold 45 Gross Margin 46 Operating Expenses:...
Statement of Operations, Financial Position, and Statement of Cash Flow Reconciliation to Net Income
1/1/2022 Debit Credit Cash $ 950,000.00Common Stock $ 950,000.00Cash $ 2,000,000.00Note Payable $ 2,000,000.00Inventory $ 147,000.00Accounts Payable $ 147,000.00Prepaid Rent $ 480,000.00Cash $ 480,000.00Supplies $ 10,000.00Cash $ 10,000.001/11/2022Inventory $ 3,000.00Accounts Payable $ 3,000.001/20/2022Accounts Payable $ 150,000.00Cash $ 150,000.002/10/2022Accounts Receivable $ 21,340.00Sales Revenue $ 21,340.00Cost of Goods Sold $ 15,000.00Inventory $ 15,000.00Cash $ 30,000.00Sales Revenue $ 30,000.00Cost of Goods Sold $ 21,000.00Inventory $ 21,000.003/10/2022Accounts Receivable $ 660.00Sales Revenue $ 660.003/15/2022Inventory $ 170,000.00Cash $ 170,000.004/30/2022Cash $ 30,000.00Sales Revenue $ 30,000.00Cost of Goods...
Consider Brighton’s results for Year 0 (see excel click
here). The sales
forecast for Year 1 is given in excel. In addition, Brighton plans
on paying dividends of $20,000 in Year 1, they have 40,000 shares
of common stock outstanding and for simplification, assume their
tax expense is 35% of EBT. For Year 1, forecast Brighton’s:
Basic Earnings per common share (rounded to the nearest
cent).
Retained earnings (rounded to the nearest dollar).
Brighton Company
Year 0
Year 1
Cash...
Year 1 wN Brighton Company Year 0 3 Cash 50,000.00 4 Accounts Receivable 275,000.00 5 Inventory 350,000.00 6 Net PP&E 800,000.00 7 Total Assets 1,475,000.00 40,000.00 80,000.00 190,000.00 40,000.00 (10,000.00) 100,000.00 1,100,000.00 (25,000.00) 1,475,000.00 40,000.00 9 Accounts Payable 10 Notes Payable 11 Common Stock 12 Treasury Stock 13 Additional Paid-in Capital 14 Retained Earnings 15 Accumulated OCI 16 Total Liab and Equity 17 18 Sales 19 Variable Expenses 20 Contribution Margin 21 Fixed Expenses 22 Operating Income 23 Nonrecurring Gain...
Write a narrative of up to 750 words in which you describe the
following trends in the below images related to the income
statement, balance sheet and financial ratios. Identify what you
believe to be the most significant changes. The assignment is
completed by simply describing the changes. As an option, you may
speculate as to the causes of the changes.
wwc Balance Sheet wwc Retained Earnings Horizontal Analysis Increase or (Decrease) 2018 over 2017 Dollars Percent Vertical Analysis Percent...
Book1 - Excel Home Insert Page Layout Formulas Data Review View Tell me what you want to do Calibri General Normal Ee Copy 트 ,,El Merge & Center . $ ·96 , +0-0 Conditional Format as Neutral Format Painter Formatting Table Alignment Number ACCOUNT NOTICE We've run into a problem with your Office 365 subscription, and we need your help to fix it. Reactivate A38 Required: To find the Cash paid to suppliers 1 As the accountant for MM Group...
Just need help with cash flows from operating activities!
The comparative balance sheet of Livers Inc. or December 31, 20Y3 and 20Y2, s as follows: Dec. 31, 20Y3 Dec.31,20Y2 1 Assets 2 $155,000.00 $150,000.00 3 Cash Accounts receivable (net) 450,000.00 400,000.00 4 770,000.00 5 Inventories 750,000.00 0.00 100,000.00 6 Investments 0.00 7Land 500,000.00 8 Equipment 1,400,000.00 1,200,000.00 9 Accumulated depreciation-equipment (600,000.00) (500,000.00) $2,675,000.00 $2,100,000.00 10 Total assets Liabilities and Stockholders' Equity 11 $340,000.00 $300,000.00 12 Accounts payable (merchandise creditors) 50,000.00...
1 3 Minneapolis, Inc. is a small shop in the neighborhood that sells fruit. The owner of the shop, Ms. Foster, hired 4 you to help with her accounting. The previous accountant got married and left the company. Ms. Foster 5 was able to finish the financial statement except the statement of cash flow so she asked you to prepare the s statement of cash flow as your first job. 7 8 Ms. Foster prepared the following financial statements. 2018...
can you pleas check if my adjusted ammounts and percentages
good
We were unable to transcribe this image38 39 40 41 Comparative Statement of income For the Years Ended December 31, 2020 and 2019 2020 $ 850,000.00 $475,000.00 $ 375 000.00 2019 $ 790,000.00 $ 450,000.00 $ 340,000.00 Adjustment $ 60,000.00 $ 25,000.00 $ 35,000.00 2020 Percent 100.00% 55.88% 44 12% 2019 Percent 100.00% 56.96% 43.04% 42 43 Sales 44 Cost of Goods Sold 45 Gross Margin 46 Operating Expenses:...
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