Homework Answers
Answer to Question No. 4.2
Part
a.
A Not-for profit organization doesn’t pay any Dividend.
Therefore,
Ending Equity = Beginning Equity + Net Income
$1,980,000 = $1,380,000 + Net Income
Net Income = $600,000
Part b.
Assuming zero dividends:
Ending Equity = Beginning Equity + Net Income – Dividend
$1,980,000 = $1,380,000 + Net Income - $0
Net Income = $600,000
Assuming $200,000 in
dividends:
Ending Equity = Beginning Equity + Net Income – Dividend
$1,980,000 = $1,380,000 + Net Income - $200,000
Net Income = $800,000
Assuming $200,000 in
dividends and $300,000 in additional stock sales:
Ending Equity = Beginning Equity + Stock Sales + Net Income –
Dividend
$1,980,000 = $1,380,000 + $300,000 + Net Income - $200,000
Net Income = $500,000
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4.2 San Mateo Healt. grow Mateo Healthcare had an equity balance of $1.38 million at the...
the clinic had $575,000 in assets and $380,000 in equity. What was the clinic’s dollar growth...
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vas San Mateo's net income? Tere is financial statement information on four not-for-profit clinics: I CILIU...
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4.3 Here is financial statement information on four not-for-profit clinics: Mateo's net income? Pittman Rose Beckman...
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I need help solving the missing values 4.3 Here is financial statement information on four not-for-profit...
I need help solving the missing values
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the clinic had $575,000 in assets and $380,000 in equity. What was the clinic’s dollar growth in assets during 2015, and how was this 42 San Mateo Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the year, its equity balance was growth financed $1.98 million. a. Assume that San Mateo is a not-for-profit organization. What was its net income for the period? b. Now, assume that San Mateo is an...
vas San Mateo's net income? Tere is financial statement information on four not-for-profit clinics: I CILIU 4.3 Here is for Pittman Rose Beckman Jaffe $100,000 $150,000 $80,000 50,000 a g $75,000 45,000 60,000 90,000 December 31, 2014: Assets Liabilities Equity December 31, 2015: Assets Liabilities Equity During 2015: Total revenues Total expenses 180,000 b 55,000 45,000 130,000 62,000 k 80,000 145,000 110,000 330,000 400,000 f 360,000 500,000 1 Fill in the missing values labeled a through I. Questions on the...
4.3 Here is financial statement information on four not-for-profit clinics: Mateo's net income? Pittman Rose Beckman Jaffe December 31, 2014 Assets $80,000 $100,000 50,000 d 60,000 $75,000 45,000 $150,000 i 90,000 a Liabilities Equity December 31, 2015: Assets Liabilities Equity During 2015: k b130,000 180,000 55,000 62,000 h 45,000 110,000 80,000 145,000 с Total revenues Total expenses 400,000 i 500,000 f 360,000 1 330,000 Fill in the missing values labeled a through 1.
Here is financial dditional He's net income? ancial statement information on four not-for-profit clinics Pittman Rose Beckman Jaffe τε το $80,000 50,000 $100,000 S150,000 8 $75,000 45,000 60,000 December 31, 2014: Assets Liabilities Equity December 31, 2015 Assets Liabilities Equity During 2015: Total revenues Total expenses b. 55,000 130,000 62,000 180,000 45,000 110,000 80,000 145,000 C 330,000 400,000 f i 360,000 500,000 Fill in the missing values labeled a through I.!
I need help solving the missing values
4.3 Here is financial statement information on four not-for-profit clinics: Pittman Rose Beckman Jaffe December 31, 2014 Assets Liabilities Equity $80,000 $100,000 g $150,000 d $75,000 50,000 60,000 45,000 90,000 December 31, 2015: 130,000 180,000 k Assets Liabilities Equity 80,000 e110,000 145,000 500,000 55,000 62,000 h 45,000 During 2015: Total revenues 400,000i Total expenses 330,000 360,000 Fill in the missing values labeled a through l.
Problems 41 Middleton Clinic had total assets of $500,000 and an equity balance of $350,000 at the end of 2014. One year later, at the end of 2015, the clinic had $575,000 in assets and $380,000 in equity. What was the clinic's dollar growth in assets during 2015, and how was this growth financed? 4.2 San Mateo Healthcare had an equity balance of $1.38 million at the beginning of the year. At the end of the year, its equity balance...
Would you still be able to complete the table if the clinics
were for-profit instead of not-for-profit? If not, explain why
not?
Below I give you balance sheet information for 3 not-for-profit clinics. Fill in the blanks. Use commas in your answer. For instance, please type 30,000 instead of 30000. Assume that the clinics do not receive donations or investment income during the year. Clinic 1 Clinic 2 Clinic 3 "Dec 31, 2010" Assets 80,000 100,000 Liabilities 50,000 75000 Equity...
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