Homework Answers
| Addition to retained earnings = Projected net income - Cash dividends |
| Explanation : After distributing dividends from the net income, the rest is added to retained earnings |
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Question 6 2.86 pts The addition to retained earnings for the financial planning period is equal...
Changes in the net working capital: O can affect the cash flows of a project every...
Changes in the net working capital: O can affect the cash flows of a project every year of the project's life. are generally excluded from project analysis due to their irrelevance to the total project. affect the initial and the final cash flows of a project but not the cash flows of the middle years. O only affect the initial cash flows of a project. are included in project analysis only if they represent cash outflows. The addition to retained...
Need help solving for the "addition to retained earnings" question. Please show work and answer. Thank...
Need help solving for the "addition to retained earnings"
question. Please show work and answer. Thank you
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $49,000 40.300 Taxable income Taxes (22%) $ 8,700 1,914 Net income $ 6,786 Dividends Addition to retained4,386 $2.400 earnings A 20 percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant...
Tim's Playhouse paid $255 in dividends and $220 in interest expense. The addition to retained earnings...
Tim's Playhouse paid $255 in dividends and $220 in interest expense. The addition to retained earnings is $325. The tax rate is 25 percent. Sales are $1,600, depreciation is $160, and there are other costs but you are not given this amount. What are the earnings before interest and taxes? O $773 O $965 $993 $1,440 O None of the above is correct.
Calculating Retained earnings from pro forma Income consider the following income statement for the Heir Jorden...
Calculating Retained earnings from pro forma Income consider the following income statement for the Heir Jorden corporation Sales $49,000 Costs 40,300 Taxable incomes $8,700 Taxes 22% 1914 Net income $6,786 Dividends $2,400 Addition to retained earnings 4,386 A 20 % growth rate in sales is projected prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant what is the projected addition to retained earnings?
DI Question 6 1 pts Kaylor Equipment Rental paid $75 in dividends and $511 in interest...
DI Question 6 1 pts Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15,900 and depreciation is $680. What are the earnings before interest and taxes? O $1,269.46 O $1,331.54 O $1,951.54 o $1,949.46
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings,...
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings, $27,000; Net Income, $15,000; Common Stock Cash Dividends, $3,000; Prior Period Adjustment, the accountants missed a $2,500 expense from last year; Preferred Stock Cash Dividends, $2,000. Retained Earnings Statement Beginning Retained Earnings, January 1 Prior Period Adjustment Adjusted Retained Earnings Balance, January 1 Net Income (Loss) Less: Common Stock Cash Dividends Less: Preferred Stock Cash Dividends Ending Retained Earnings, December 31
Question 1 (4 points) Each of the following accounts is closed to Retained Earnings except a....
Question 1 (4 points) Each of the following accounts is closed to Retained Earnings except a. Expenses. b. Income Summary c. Dividends. d. All of these are closed Retained Earnings. Question 7 (4 points) The financial figures on the financial statements are equal to the a. Trial balance columns on the worksheet. O b. Adjustments columns on the worksheet. c. Adjusted trial balance columns on the worksheet. d. None of the above.
Retained Earnings Statement Rolt Company began 2016 with a $150,000 balance in retained earnings. During the...
Retained Earnings Statement Rolt Company began 2016 with a $150,000 balance in retained earnings. During the year, the following events occurred: The company earned net income of $83,000. A material error in net income from a previous period was corrected. This error correction increased retained earnings by $7,350 after related income taxes of $3,150. Cash dividends totaling $13,000 and stock dividends totaling $19,000 were declared. One thousand shares of callable preferred stock that originally had been issued at $105 per...
Retained Earnings Statement, Prior Period Adjustment
P4-6 (Retained Earnings Statement, Prior Period Adjustment) Below is the Retained Earnings account for the year 2012 for Acadian Corp.Retained earnings, January 1, 2012 $257,600Add:Gain on sale of investments (net of tax) $41,200Net income 84,500Refund on litigation with government, related to the year 2009 (net of tax) 21,600Recognition of income earned in 2011, but omitted from income statementin that year (net of tax) 25,400 172,700430,300Deduct:Loss on discontinued operations (net of tax) 35,000Write-off of goodwill (net of tax) 60,000Cumulative effect on...
Question 6 10 pts The total earnings of an employee for a payroll period is referred...
Question 6 10 pts The total earnings of an employee for a payroll period is referred to as Gross pay Pay net of taxes Net pay Take-home pay Next → Question 6 10 pts The total earnings of an employee for a payroll period is referred to as Gross pay Pay net of taxes Net pay Take-home pay Next →
Changes in the net working capital: O can affect the cash flows of a project every year of the project's life. are generally excluded from project analysis due to their irrelevance to the total project. affect the initial and the final cash flows of a project but not the cash flows of the middle years. O only affect the initial cash flows of a project. are included in project analysis only if they represent cash outflows. The addition to retained...
Need help solving for the "addition to retained earnings"
question. Please show work and answer. Thank you
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $49,000 40.300 Taxable income Taxes (22%) $ 8,700 1,914 Net income $ 6,786 Dividends Addition to retained4,386 $2.400 earnings A 20 percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant...
Tim's Playhouse paid $255 in dividends and $220 in interest expense. The addition to retained earnings is $325. The tax rate is 25 percent. Sales are $1,600, depreciation is $160, and there are other costs but you are not given this amount. What are the earnings before interest and taxes? O $773 O $965 $993 $1,440 O None of the above is correct.
DI Question 6 1 pts Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net new equity is $500. The tax rate is 35 percent. Sales are $15,900 and depreciation is $680. What are the earnings before interest and taxes? O $1,269.46 O $1,331.54 O $1,951.54 o $1,949.46
6) Complete the following Retained Earnings Statement for the Sunset Sailboat Company. Information: Beginning Retained Earnings, $27,000; Net Income, $15,000; Common Stock Cash Dividends, $3,000; Prior Period Adjustment, the accountants missed a $2,500 expense from last year; Preferred Stock Cash Dividends, $2,000. Retained Earnings Statement Beginning Retained Earnings, January 1 Prior Period Adjustment Adjusted Retained Earnings Balance, January 1 Net Income (Loss) Less: Common Stock Cash Dividends Less: Preferred Stock Cash Dividends Ending Retained Earnings, December 31
Question 1 (4 points) Each of the following accounts is closed to Retained Earnings except a. Expenses. b. Income Summary c. Dividends. d. All of these are closed Retained Earnings. Question 7 (4 points) The financial figures on the financial statements are equal to the a. Trial balance columns on the worksheet. O b. Adjustments columns on the worksheet. c. Adjusted trial balance columns on the worksheet. d. None of the above.
Question 6 10 pts The total earnings of an employee for a payroll period is referred to as Gross pay Pay net of taxes Net pay Take-home pay Next → Question 6 10 pts The total earnings of an employee for a payroll period is referred to as Gross pay Pay net of taxes Net pay Take-home pay Next →
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