please help me with the correct answer and if you can please explain.. thanks!
Homework Answers
Calculate net income
| Sales | 2500000 |
| Cost of goods sold | -1250000 |
| Operating expense | -800000 |
| Operating income | 450000 |
| Income tax | 112500 |
| Income from continuing operation | 337500 |
| Loss on discontinued operation (11000*75%) | -8250 |
| Net income | 329250 |
Ending retained earnings = 840000+329250 = 1169250
Add Answer to:
please help me with the correct answer and if you can please
explain.. thanks!
Use the...
I tried every number, and could not find the correct answer for Sep. 9! Please help!!...
I tried every number, and could not find
the correct answer for Sep. 9!
Please help!!
Return question 9 record declared a $1.50 per bare cash dividend payable on February 28 to the February 9 stockholders of Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Common stack-$25 par value, 70,000 shares authorized, 50,000 shares issued and outstanding $1,250,000 1.12 Paid-in capital in excess of par value, common stock 100,000 points Retained earnings 410,000 Total stockholders'...
Can you please help me solve this? Your answer is incorrect. Try again. Calculate the payout...
Can you please help me solve this?
Your answer is incorrect. Try again. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%. ) Payout ratio 44 Earnings per share Return on common stockholders' equity 6.7 Problem 11-02A (Part Level...
apparently my answers are correct but incomplet, can someone help me? thanks neck my work mode:...
apparently my answers are correct but incomplet, can someone
help me? thanks
neck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indi LONGHORN CORPORATION Balance Sheet Dec. 31, 2021 Assets Liabilities ls Accounts payable S alaries payable 2000 2,900 900 Cash Equipment Supplies Buildings 1,300 21,500 1,900 25,000 Total liabilities 3,800 Stockholders' Equity Common stock Retained earnings 27,500 18,400 Total stockholders' equity Total liabilities and stockholders' equity...
please help to make sure box's below are the correct numbers. I am having a hard...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
Please explain your answer. Thank you. Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography...
Please explain your answer. Thank you.
Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: b. Ending Retained Earnings $48,000 Insurance Expense $ 13,000 14,000 Cash Accounts Payable Advertising Expense Service Revenue Dividends $ 6,000 Accounts Receivable 42,000 Notes Payable 11,000 Retained Earnings, Dec. 31, 2018 4,000 Salaries Expense 75,000 Equipment 8,000...
The rest of the sheet Please answer in this format, thank you!! At September 30, the...
The rest of the sheet
Please answer in this format, thank you!!
At September 30, the end of Beijing Company's third quarter, the following stockholders' equity acc reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $420,000 100,000 320,000 In the fourth quarter, the following entries related to its equity are recorded. Debito Credit Date Oct. 2 General Journal Retained Earnings Common Dividend Payable 60,000 60,000 Oct. 25 Common Dividend Payable Cash...
Will you help me solve the entire problem? Thank you JUULUU Lyuity SICRHolders Instructions Jun. Jul....
Will you help me solve the entire problem? Thank you
JUULUU Lyuity SICRHolders Instructions Jun. Jul. 6 5 Sold all of the treasury stock for $26 per share. Declared a 2% Stock dividend on common stock, to be capitalized at the market price of the stock. which is $26 per share. Issued the certificates for the dividend declared on July 5. Purchased 30,000 shares of treasury stock for $20 per share. Declared a $0.12-per-share dividend on common stock Closed the...
Please show all work. Thanks in advance Pina Company has two classes of capital stock outstanding:...
Please show all work. Thanks in advance
Pina Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 146,600 shares Common Stock, 1,998,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,932,000 9,990,000 201,000 26,651,000 4,581,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1...
not sure what I'm missing here, show me correct answer please Revenues during 2019-camping fees Revenues...
not sure what I'm missing here, show me correct answer
please
Revenues during 2019-camping fees Revenues during 2019-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $140,000 47,000 11,000 20,000 105,500 140,000 Notes payable Expenses during 2019 Supplies on hand Common stock Retained earnings $60,000 150,000 2,500 20,000 Stockholders' Equity Common Stock 20,000 Retained Earnings 37,000 Total Stockholders' Equity 57,000 T Liabilities DIR Notes Payable 60,000 Accounts Payable 11,000 Total Liabilities 71,000 Total Liabilities...
The following pretax amounts are taken from the adjusted trial balance of Avoca Auto Corp. at...
The following pretax amounts are taken from the adjusted trial balance of Avoca Auto Corp. at December 31, 2020, its annual year-end. Sales revenue $260,000 Cost of goods sold 110,000 Operating expenses 80,000 Gain on debt retirement 20,000 Interest expense 8,000 Loss from discontinued operations 50,000 Retained earnings balance, December 31, 2019 30,000 Dividends declared and paid 25,000 Unrealized holding gain on debt investment securities, net of tax 4,000 Common stock, weighted average shares outstanding 10,000 shares Required a. Prepare...
I tried every number, and could not find
the correct answer for Sep. 9!
Please help!!
Return question 9 record declared a $1.50 per bare cash dividend payable on February 28 to the February 9 stockholders of Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Common stack-$25 par value, 70,000 shares authorized, 50,000 shares issued and outstanding $1,250,000 1.12 Paid-in capital in excess of par value, common stock 100,000 points Retained earnings 410,000 Total stockholders'...
Can you please help me solve this?
Your answer is incorrect. Try again. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%. ) Payout ratio 44 Earnings per share Return on common stockholders' equity 6.7 Problem 11-02A (Part Level...
apparently my answers are correct but incomplet, can someone
help me? thanks
neck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indi LONGHORN CORPORATION Balance Sheet Dec. 31, 2021 Assets Liabilities ls Accounts payable S alaries payable 2000 2,900 900 Cash Equipment Supplies Buildings 1,300 21,500 1,900 25,000 Total liabilities 3,800 Stockholders' Equity Common stock Retained earnings 27,500 18,400 Total stockholders' equity Total liabilities and stockholders' equity...
please help to make sure box's below are the correct numbers. I
am having a hard time and need help. Tx & I will Rate! :)
Entries for Selected Corporate Transactions
Morrow Enterprises Inc. manufactures bathroom fixtures. Morrow
Enterprises’ stockholders’ equity accounts, with balances on
January 1, 20Y6, are as follows:
Common Stock, $10 stated value (900,000 shares authorized,
600,000 shares issued)
$6,000,000
Paid-In Capital in Excess of Stated Value-Common Stock
1,150,000
Retained Earnings
13,620,000
Treasury Stock (60,000 shares, at...
Please explain your answer. Thank you.
Learning Objective 5 P1-43A Preparing financial statements Picture Perfect Photography works weddings and prom-type parties. The balance of retained earnings was $16,000 at December 31, 2017. At December 31, 2018, the business's accounting records show these balances: b. Ending Retained Earnings $48,000 Insurance Expense $ 13,000 14,000 Cash Accounts Payable Advertising Expense Service Revenue Dividends $ 6,000 Accounts Receivable 42,000 Notes Payable 11,000 Retained Earnings, Dec. 31, 2018 4,000 Salaries Expense 75,000 Equipment 8,000...
The rest of the sheet
Please answer in this format, thank you!!
At September 30, the end of Beijing Company's third quarter, the following stockholders' equity acc reported. Common stock, $12 par value Paid-in capital in excess of par value, common stock Retained earnings $420,000 100,000 320,000 In the fourth quarter, the following entries related to its equity are recorded. Debito Credit Date Oct. 2 General Journal Retained Earnings Common Dividend Payable 60,000 60,000 Oct. 25 Common Dividend Payable Cash...
Will you help me solve the entire problem? Thank you
JUULUU Lyuity SICRHolders Instructions Jun. Jul. 6 5 Sold all of the treasury stock for $26 per share. Declared a 2% Stock dividend on common stock, to be capitalized at the market price of the stock. which is $26 per share. Issued the certificates for the dividend declared on July 5. Purchased 30,000 shares of treasury stock for $20 per share. Declared a $0.12-per-share dividend on common stock Closed the...
Please show all work. Thanks in advance
Pina Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 146,600 shares Common Stock, 1,998,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,932,000 9,990,000 201,000 26,651,000 4,581,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1...
not sure what I'm missing here, show me correct answer
please
Revenues during 2019-camping fees Revenues during 2019-general store Accounts payable Cash on hand Original cost of equipment Fair value of equipment $140,000 47,000 11,000 20,000 105,500 140,000 Notes payable Expenses during 2019 Supplies on hand Common stock Retained earnings $60,000 150,000 2,500 20,000 Stockholders' Equity Common Stock 20,000 Retained Earnings 37,000 Total Stockholders' Equity 57,000 T Liabilities DIR Notes Payable 60,000 Accounts Payable 11,000 Total Liabilities 71,000 Total Liabilities...
The following pretax amounts are taken from the adjusted trial balance of Avoca Auto Corp. at December 31, 2020, its annual year-end. Sales revenue $260,000 Cost of goods sold 110,000 Operating expenses 80,000 Gain on debt retirement 20,000 Interest expense 8,000 Loss from discontinued operations 50,000 Retained earnings balance, December 31, 2019 30,000 Dividends declared and paid 25,000 Unrealized holding gain on debt investment securities, net of tax 4,000 Common stock, weighted average shares outstanding 10,000 shares Required a. Prepare...
Most questions answered within 3 hours.
-
What percent of revenue does net income represent for each
year?
Total Revenue
2017 = 60,319,000...
asked 1 minute ago -
For Ti+2 (Z=22). Determine the correct ground state
& # of microstates. Use the correct tanabe...
asked 4 minutes ago -
Why did so many investment banks have to start buying CDO’s and
other mortgaged backed securities...
asked 19 minutes ago -
The mean cost of domestic airfares in the United States rose to
an all-time high of...
asked 30 minutes ago -
1.Magazine Luiza is a Brazilian retail chain for consumer
electronics. The company currently has 100 stores...
asked 29 minutes ago -
What is the molarity of ZnCl2 that forms when 25.0 g of zinc
completely reacts with...
asked 31 minutes ago -
For independent X and Y, we have probability density function
for them where pdf of X...
asked 41 minutes ago -
The decomposition of SO2Cl2 is first order in SO2Cl2 and has a
rate constant of 1.42...
asked 38 minutes ago -
How do I convert from volume percent to mole percent in the
distillation lab? ethy acetate...
asked 44 minutes ago -
8. An air-plane has an effective wing surface area of 14.0 m²
that is generating the...
asked 45 minutes ago -
A railroad worker was a person who worked on setting and moving
railroad tracks. In securing...
asked 44 minutes ago -
using RECURSIVE Functions in Java, create a public static String
doubleLetters (String word)
For ex) that...
asked 51 minutes ago