Please answer, Im posting again because the answer is not 28,740 like the last person said.
Homework Answers
Beginning balance of retained earnings = ($16,100 + $27,900 +
$48,100 + $367,800 - $140,500 + $82,000) - ($13,900 + $19,000 +
$190,100 + $131,900)
= $401,400 - $354,900
= $46,500.
Net income = (Sales revenue - Cost of goods sold - Fixed cost -
Selling, General and Administrative expenses - Depreciation -
Interest expense) * (1 - Tax rate)
= ($349,900 - $142,000 - $43,100 - $28,100 - $46,000 - $17,100) *
(1 - 0.40)
= $44,160
Accumulated depreciation on 2017 = $140,500 + $46,000 = $186,500
Ending balance of retained earnings = ($26,100 + $19,100 +
$53,100 + $448,200 - $186,500 + $81,900) - ($12,200 + $24,100 +
$162,100 + $182,000)
= $441,900 - $380,400
= $61,500.
Dividend paid last year = Beginning balance of retained earnings
+ Net income - Ending balance of retained earnings
= $46,500 + $44,160 - $61,500
= $29,160.
Dividend paid last year = $29,160
| STATEMENT OF RETAINED EARNINGS | |
| Particulars | Amount |
| Beginning balance of Retained earnings | 46500 |
| Add: Net income | 44160 |
| Less: Dividend paid | 29160 |
| Ending balance of retained earnings | 61500 |
Add Answer to:
Please answer, Im posting again because the answer is not 28,740
like the last person said....
Sales revenue 350,200 Cost of goods sold 141,800 Fixed costs 42,800 Selling, general, and administrative expenses ...
Sales revenue 350,200
Cost of goods sold 141,800
Fixed costs 42,800
Selling, general, and administrative expenses
28,100
Depreciation 45,900
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,100
Accounts receivable 27,900 Accounts
payable 19,100
Inventories 47,900 Long-term
debt 189,900
Fixed assets 367,800 OWNERS'
EQUITY
Accumulated depreciation 140,100 Retained
earnings
Intangible assets 81,800 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
11,800
Accounts receivable 18,900 Accounts
payable 23,800
Inventories 52,800 Long-term
debt 162,100
Fixed assets 447,900 OWNERS'
EQUITY
Accumulated depreciation ...
the net fixed assets for the year 2016 is? the net fixed assets for year 2017...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Need the answer of question 3 Partial Income Statement At the End of 2019 Sales revenue...
Need the answer of question
3
Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Interest expense Depreciation $350,200 $142,000 $43,000 $27,800 $0 $45,800 Tax rate 40% ASSETS Cash Accounts receivable Inventories Gross Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 2018 LIABILITIES $16,100 Notes payable $27,800 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,000 Accumulated retained earnings $81,900 Common stock $14,200 $18,800 $189,900 $131,900...
Cash flow to owners. Use the data from the following financial statements in the popup window,...
Cash flow to owners. Use the
data from the following financial statements in the popup window,
LOADING... . The company paid interest expense of $ 18 comma
700$18,700 for 20172017 and had an overall tax rate of 40 %40% for
20172017. Find the cash flow to owners for 20172017 by parts and
total, with the parts being dividends paid and increases in
borrowing from owners (change in common stock and
paid-in-surplus).
1Data Table Partial Income Statement Year Ending 2017 Sales...
Data Table 1. depi ed all (Click on the following icon in order to copy its...
Data Table 1. depi ed all (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold R$ 142,000 Fixed costs $43,000 Selling, general, and administrative expenses $27,800 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed...
Sales revenue 350,200 Cost of goods sold 141,900 Fixed costs 43,000 Selling, general, and administrative expenses ...
Sales revenue 350,200
Cost of goods sold 141,900
Fixed costs 43,000
Selling, general, and administrative expenses
27,800
Depreciation 46,200
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,000
Accounts receivable 28,000 Accounts
payable 18,900
Inventories 48,100 Long-term
debt 190,100
Fixed assets 367,900 OWNERS'
EQUITY
Accumulated depreciation 140,300 Retained
earnings
Intangible assets 81,900 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
12,100
Accounts receivable 19,200 Accounts
payable 23,900
Inventories 53,100 Long-term
debt 161,800
Fixed assets 447,800 OWNERS'
EQUITY
Accumulated depreciation ...
Statement of retained earnings. Use the data from the following financial statements in the popup window,...
Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling,...
Cash flow identity. The company paid interest expense of $17,700 for 2017 and had an overall tax...
Cash flow identity. The company paid interest
expense of $17,700 for 2017 and had an overall tax rate of 40% for
2017.
Verify the cash flow identity:
cash flow from assets = cash flow to creditors + cash
flow to owners
A. The cash flow from assets is $______
B. The cash flow to creditors is $______
C. The cash flow to owners is $_______
Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs...
Cash flow to owners. Use the data from the following financial statements in the popup window,...
Cash flow to owners. Use the data from the following financial
statements in the popup window, LOADING.... The company paid
interest expense of $ 18 comma 100 for 2017 and had an overall tax
rate of 40 % for 2017. Find the cash flow to owners for 2017 by
parts and total, with the parts being dividends paid and increases
in borrowing from owners (change in common stock and
paid-in-surplus).
The
distributed earning is
aspx?homeworkId=550UJO Financial Statements 15 of 16...
Use the data from the following financial statements in the popup window. The company paid interest...
Use the data from the following financial statements in the
popup window. The company paid interest expense of $17,700 and had
an overall tax rate of 40 % for 2017. Complete the statement of
retained earnings for 2017, and determine the dividends paid last
year.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative...
Sales revenue 350,200
Cost of goods sold 141,800
Fixed costs 42,800
Selling, general, and administrative expenses
28,100
Depreciation 45,900
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,100
Accounts receivable 27,900 Accounts
payable 19,100
Inventories 47,900 Long-term
debt 189,900
Fixed assets 367,800 OWNERS'
EQUITY
Accumulated depreciation 140,100 Retained
earnings
Intangible assets 81,800 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
11,800
Accounts receivable 18,900 Accounts
payable 23,800
Inventories 52,800 Long-term
debt 162,100
Fixed assets 447,900 OWNERS'
EQUITY
Accumulated depreciation ...
the net fixed assets for the year 2016 is?
the net fixed assets for year 2017 is?
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,900 Cost of goods sold $141,900 Fixed costs $42,900 Selling, general, and administrative expenses $27,900 Depreciation $46,100 W (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,900 Notes...
Need the answer of question
3
Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Interest expense Depreciation $350,200 $142,000 $43,000 $27,800 $0 $45,800 Tax rate 40% ASSETS Cash Accounts receivable Inventories Gross Fixed assets Accumulated depreciation (-) Intangible assets Partial Balance Sheet 2018 LIABILITIES $16,100 Notes payable $27,800 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,000 Accumulated retained earnings $81,900 Common stock $14,200 $18,800 $189,900 $131,900...
Cash flow to owners. Use the
data from the following financial statements in the popup window,
LOADING... . The company paid interest expense of $ 18 comma
700$18,700 for 20172017 and had an overall tax rate of 40 %40% for
20172017. Find the cash flow to owners for 20172017 by parts and
total, with the parts being dividends paid and increases in
borrowing from owners (change in common stock and
paid-in-surplus).
1Data Table Partial Income Statement Year Ending 2017 Sales...
Data Table 1. depi ed all (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold R$ 142,000 Fixed costs $43,000 Selling, general, and administrative expenses $27,800 Depreciation $45,800 (Click on the following icon in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $16,100 Notes payable Accounts receivable $28,000 Accounts payable Inventories $48,000 Long-term debt Fixed...
Sales revenue 350,200
Cost of goods sold 141,900
Fixed costs 43,000
Selling, general, and administrative expenses
27,800
Depreciation 46,200
ASSETS
LIABILITIES
Cash 16,200 Notes payable
14,000
Accounts receivable 28,000 Accounts
payable 18,900
Inventories 48,100 Long-term
debt 190,100
Fixed assets 367,900 OWNERS'
EQUITY
Accumulated depreciation 140,300 Retained
earnings
Intangible assets 81,900 Common
stock 131,900
ASSETS
LIABILITIES
Cash 25,900 Notes payable
12,100
Accounts receivable 19,200 Accounts
payable 23,900
Inventories 53,100 Long-term
debt 161,800
Fixed assets 447,800 OWNERS'
EQUITY
Accumulated depreciation ...
Statement of retained earnings. Use the data from the following financial statements in the popup window, BB. The company paid interest expense of $18,800 for 2017 and had an overall tax rate of 40% for 2017. Complete the statement of retained earnings for 2017, and determine the dividends paid last year. The distributed earnings is $ . (Round to the nearest dollar.) Partial Income Statement Year Ending 2017 Sales revenue $350,200 Cost of goods sold $141,900 Fixed costs $42,900 Selling,...
Cash flow identity. The company paid interest
expense of $17,700 for 2017 and had an overall tax rate of 40% for
2017.
Verify the cash flow identity:
cash flow from assets = cash flow to creditors + cash
flow to owners
A. The cash flow from assets is $______
B. The cash flow to creditors is $______
C. The cash flow to owners is $_______
Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs...
Cash flow to owners. Use the data from the following financial
statements in the popup window, LOADING.... The company paid
interest expense of $ 18 comma 100 for 2017 and had an overall tax
rate of 40 % for 2017. Find the cash flow to owners for 2017 by
parts and total, with the parts being dividends paid and increases
in borrowing from owners (change in common stock and
paid-in-surplus).
The
distributed earning is
aspx?homeworkId=550UJO Financial Statements 15 of 16...
Use the data from the following financial statements in the
popup window. The company paid interest expense of $17,700 and had
an overall tax rate of 40 % for 2017. Complete the statement of
retained earnings for 2017, and determine the dividends paid last
year.
(Click on the following icon in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $350,000 Cost of goods sold $141,900 Fixed costs $43,100 Selling, general, and administrative...
Most questions answered within 3 hours.
-
Trace the following recursive methods:
a) isPal with the string “abccda”
b) isAnBn with the string...
asked 9 minutes ago -
1. Which of the following is false about photosynthesis?
A. ATP is the molecule used to...
asked 56 minutes ago -
A simple random sample of size n=64 is obtained from a
population with a mean of...
asked 1 hour ago -
(2 dimensions, 1 object, 2 accelerations)
1) A projectile is thrown with a wind. The wind...
asked 2 hours ago -
Brian makes $34,100 per year. How much can Brian expect to
contribute to FICA taxes in...
asked 3 hours ago -
To buy a new house you must borrow $155,000. To do this you take
out a...
asked 3 hours ago -
Spacely Sprockets is evaluating the construction of a new plant
on land the company purchased for...
asked 4 hours ago -
1. Consider a linear regression model of y on K regressors and
an intercept.
(i) Describe...
asked 4 hours ago -
Enter a balanced equation for the reaction between hydrochloric
acid and sodium sulfite.
Express your answer...
asked 4 hours ago -
Give a regular expression describing the language
{x | x ∈ Σ* and x does not...
asked 4 hours ago -
Masses of 1.0 kg, 2.0 kg, and 3.0 kg are each separately subject
to a net...
asked 4 hours ago -
The mode of philosophical argumentation and thought. How do
philosophers think and write? What is important...
asked 4 hours ago