For each company, provide a brief discussion interpreting these financial facts. For example, you might discuss...
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Homework Answers
The net income of the company stood at 75,000 which is a good sign but once you have a look at the dividends you can observe that more than 90% of the net income is distributed, without keeping aside sums for future development and use at critical times by the company.
Some of the income should be accumulated every year in order to make sure the future consistent existence of the company.
Also there are many restrictions as to such a huge distribution of net income.
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For each company, provide a brief discussion interpreting these
financial facts. For example, you might discuss...
en! (NR). Il a revenue (R) or expense (E) account or an account that is not...
en! (NR). Il a revenue (R) or expense (E) account or an account that is not come statement for the year. utement E1-12 The following information is for kon Inc. for the year ended December 31, 2018 ent of changes Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 58,000 Office expense Dividends declared Rent expense Service revenue Utilities expense Salaries expense Income tax expense $20,000 10.000 1,600 5,000 12.400 61,000 2.400 30,000 3,000 Ome ents...
Provide a brief summary of what you found in the vertical analysis. For example, comment on...
Provide a brief summary of what you found in the vertical
analysis. For example, comment on what the %s tell you about the
company. You don't have to do every item. Simply pick out some of
the higher and lower %s that you feel are most important (telling)
about the company. Your comments should include the balance sheet
and the income statement.
Module?-Assignment2-Written Accounting Case VerticalANalysis-Tyler Fitzpatrick ALLENDALE COMPANY Balance Sheets As of December 31 Year 4 Vertical Year 4...
1. Each of the following questions requires a brief, but precise, answer. (a) Identify the value...
1. Each of the following questions requires a brief, but precise, answer. (a) Identify the value of goodwill on the acquiring company’s balance sheet if assets acquired is $400, liabilities assumed is $200, and cash spent on the acquisition is $500. (b) Which financial ratio compares critical values on the income statement and balance sheet and is considered a measure of management performance? (c) Which one of the following statements about corporate bondholders is true?: they...
how can i fill up this schedule please provide calculations with the discussion Question one: 100...
how can i fill up this schedule
please provide calculations with the
discussion
Question one: 100 marks (25 each): The financial statement columns of the worksheet for The Kunafah Spoonat December 31, 2017, are as follows: Income Statement Financial Position Accounts Debit Credit Debit Credit Cash 20,000 Accounts Receivable 14,000 Supplies 8,000 Prepaid Insurance 12,000 Equipment 438,000 Accumulated Depreciation Equipment 58,000 Accounts Payable 38,000 Note Payable (Long term) 120,000 Salaries and Wages Payable 26.000 Share Capital-Ordinary 100,000 Retained Eamings 124.000...
The Loftis Company is preparing its pro forma financial statements for the next year using this...
The Loftis Company is preparing its pro forma financial statements for the next year using this model. The abbreviated financial statements are presented below: Sales Growth 20% Tax Rate 34% Income Statement Sales $780,000 Costs 415,000 Depreciation 135,000 Interest 68,000 Taxable Income $162,000 Taxes 55,080 Net Income $106,920 Dividends 30,000 Additional Retained Earnings $76,920 Balance Sheet Assets Liabilities and Owner's Equity Current Assets $240,000 Total Debt $880,000 Net Fixed $1,350,000 Owners Equity $710,000 $1,590,000 $1,590,000 Required: A. Calculate the Parameter...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 700,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company’s common stock at the...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 810,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company’s common stock at the...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 810,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company’s common stock at the...
Use the following facts for Multiple Choice problems 17 and 18 (each question is independent of...
Use the following facts for Multiple Choice problems 17 and 18 (each question is independent of the other): The following financial statement information is for an investor company and an investee company on January 1, 2016. On January 1, 2016, the investor company’s common stock had a traded market value of $22 per share, and the investee company’s common stock had a traded market value of $18 per share. Book Values Fair Values Investor Investee Investor Investee Receivables & inventories...
answer these questions please, I already provide you u the financial statements, so the number and...
answer these questions please, I already provide you u the
financial statements, so the number and the answer should come from
there. thanks
February 1, February 2. (millions, except footnotes) 2020 2019 Assets Cash and cash equivalents $ 2,577 $ 1,556 Inventory 8,992 9,497 Other current assets 1.333 1,466 Total current assets 12,902 12,519 Property and equipment Land 6,036 6,064 Buildings and improvements 30,603 29.240 Fixtures and equipment 6,083 5,912 Computer hardware and software 2,692 2.544 Construction-in-progress 533 460 Accumulated...
en! (NR). Il a revenue (R) or expense (E) account or an account that is not come statement for the year. utement E1-12 The following information is for kon Inc. for the year ended December 31, 2018 ent of changes Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 58,000 Office expense Dividends declared Rent expense Service revenue Utilities expense Salaries expense Income tax expense $20,000 10.000 1,600 5,000 12.400 61,000 2.400 30,000 3,000 Ome ents...
Provide a brief summary of what you found in the vertical
analysis. For example, comment on what the %s tell you about the
company. You don't have to do every item. Simply pick out some of
the higher and lower %s that you feel are most important (telling)
about the company. Your comments should include the balance sheet
and the income statement.
Module?-Assignment2-Written Accounting Case VerticalANalysis-Tyler Fitzpatrick ALLENDALE COMPANY Balance Sheets As of December 31 Year 4 Vertical Year 4...
how can i fill up this schedule
please provide calculations with the
discussion
Question one: 100 marks (25 each): The financial statement columns of the worksheet for The Kunafah Spoonat December 31, 2017, are as follows: Income Statement Financial Position Accounts Debit Credit Debit Credit Cash 20,000 Accounts Receivable 14,000 Supplies 8,000 Prepaid Insurance 12,000 Equipment 438,000 Accumulated Depreciation Equipment 58,000 Accounts Payable 38,000 Note Payable (Long term) 120,000 Salaries and Wages Payable 26.000 Share Capital-Ordinary 100,000 Retained Eamings 124.000...
answer these questions please, I already provide you u the
financial statements, so the number and the answer should come from
there. thanks
February 1, February 2. (millions, except footnotes) 2020 2019 Assets Cash and cash equivalents $ 2,577 $ 1,556 Inventory 8,992 9,497 Other current assets 1.333 1,466 Total current assets 12,902 12,519 Property and equipment Land 6,036 6,064 Buildings and improvements 30,603 29.240 Fixtures and equipment 6,083 5,912 Computer hardware and software 2,692 2.544 Construction-in-progress 533 460 Accumulated...
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