Homework Answers
Solution:
a. Dividends for 2013 = Retained earnings on Jan 1, 2013 + Net income - Retained earnings on Dec 31, 2013
= $700 + $250 - $890 = $60
b. Dividends for 2014 = Retained earnings on Jan 1, 2014 + Net income - Retained earnings on Dec 31, 2014
= $890 + $225 - $1,045 = $70
c. Dividends for 2015 = Retained earnings on Jan 1, 2015 + Net income - Retained earnings on Dec 31, 2015
= $1,045 + $40 - $1,010 = $75
Add Answer to:
Question 2.18. Using the information provided in the problem on page 83, calculate/answer the following question...
Question 2.18. Using the information provided in the problem on page 83, calculate/answer the following questions....
Question 2.18. Using the information provided in the problem on page 83, calculate/answer the following questions. Note where the text shows the years 2008, 2009, and 2010, that should be 2013, 2014, and 2015, respectively. a. Dividends for 2013 b. Dividends for 2014 c. Dividends for 2015 CHAPTER 2 The Balance Sheet 83 Year Net Income co او برای 2.17. The Lazy O Ranch just purchased equipment costing 560.000. The equipment is expected (a) Calculate the depreciation expense using the...
Question 2.17. Using the information provided in the problem on page 83, calculate/answer the following questions:...
Question 2.17. Using the information provided in the problem on page 83, calculate/answer the following questions: a. Calculate the depreciation expense using the straight-line method for the equipment. b. Calculate the depreciation expense using the double-declining balance method for the first year the equipment was owned c. Calculate the depreciation expense using the double-declining balance method for the second year the equipment was owned. CHAPTER 2 The Balance Sheet 83 Year Net Income co او برای 2.17. The Lazy O...
CHAPTER 2 The Balance Sheet 83 2.17. The Lazy Ranch just purchased equipment time 0000. The...
CHAPTER 2 The Balance Sheet 83 2.17. The Lazy Ranch just purchased equipment time 0000. The equipment is expected to last five years and have no salvage value (a) Calculate the depreciation expense using the straight-line method for the first two years the equipment is owned (b) Calculate the depreciation expen using the double declining balance method for the first two years the equipment is owned 2.18. Using the information below for Dean Caroration calculate the amount of dividends Dean...
CHAPTER 2 The Balance Sheet 83 2.17. The Lazy Ranch just purchased equipmentine 0000. The equipment...
CHAPTER 2 The Balance Sheet 83 2.17. The Lazy Ranch just purchased equipmentine 0000. The equipment is expected to last five years and have no salvage value (a) Calculate the depreciation expense using the straight-line method for the first years the equipment is owned (b) Calculate the depreciation expen using the double-dedining balance method for the first two years the equipment is owned 2.18. Using the information below for Dean Corporation calculate the amount of dividends Dean most likely paid...
Question 3.11 - Using the information provided in the problem on page 145, calculate/answer the following:...
Question 3.11 - Using the information provided
in the problem on page 145, calculate/answer the following:
a. Sales growth percentage from 2014 to 2015.
b. Sales growth percentage from 2015 to 2016.
c. Cost of goods sold percentage for 2014.
d. Cost of goods sold percentage for 2015.
e. Cost of goods sold percentage for 2016.
f. Gross profit margin percentage for 2014.
g. Gross profit margin percentage for 2015.
h. Gross profit marginpercentage for 2016.
i. Operating profit margin...
Row Boats, Inc. provided the following information for 2015 and 2014: Retained earnings, December 31, 2015...
Row Boats, Inc. provided the following information for 2015 and 2014: Retained earnings, December 31, 2015 $76,000 Retained earnings, December 31, 2014 80,000 Long term loan, December 31, 2015 42,000 Long term loan, December 31, 2014 49,000 Net income—2015 64,000 No new loans were taken out during 2015. Dividends were paid in cash. Cash flow from financing activities for 2015 is:
A country import data shows the following. Using the data Calculate the straight line trend model...
A country import data shows the following. Using the data Calculate the straight line trend model using the least square method and predict the total import for 2017 and 2018 Calculate a three year moving average for the data and show the same on separate column year import in billions $ 2007 21 2008 18 2009 16 2010 24 2011 23 2012 24 2013 39 2014 28 2015 12 2016 34
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Stellar...
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Stellar Company. Ending Inventory (End-of Year Price Date Prices) December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $69,400 102,080 110,208 123,816 116,058 Index 100 116 128 132 138 Use the dollar-value LIFO method to compute the ending inventory for Stellar C Ending Inventory 2013 69400 2014 90976 2015 88772 2016 98632 2017 86452 Click if you would like...
Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions)...
Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) et sales ess: Cost of goods sold ess: Depreciation arnings before interest and taxes ess: Interest paid axable Income ess: Taxes $ 91 7,340 $1,4 $1,37 85 413 ncome $ 962 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2009 2010 2010 $ 23 $230Accounts payable $1,350 $1,350 1,390 $3,260$3,000 700 rec term 1,120 ,60 1,630 Common stock otal 450 S...
Complete the following using the information from the Study Questions and Problems at the end of...
Complete the following using the information from the
Study Questions and Problems at the end of Chapter 4, on pages 193
- 194, as indicated below:
Question 4.9 - Using the condensed financial
statements for Dragoon Enterprises that are provided on page 193,
you will need to provide information as follows:
(a) Dividends Dragoon paid.
(b) Information from the statement of cash flows using the
indirect method including:
1. Net cash provided (used) by operations.
2. Net cash provided (used)...
Question 2.18. Using the information provided in the problem on page 83, calculate/answer the following questions. Note where the text shows the years 2008, 2009, and 2010, that should be 2013, 2014, and 2015, respectively. a. Dividends for 2013 b. Dividends for 2014 c. Dividends for 2015 CHAPTER 2 The Balance Sheet 83 Year Net Income co او برای 2.17. The Lazy O Ranch just purchased equipment costing 560.000. The equipment is expected (a) Calculate the depreciation expense using the...
Question 2.17. Using the information provided in the problem on page 83, calculate/answer the following questions: a. Calculate the depreciation expense using the straight-line method for the equipment. b. Calculate the depreciation expense using the double-declining balance method for the first year the equipment was owned c. Calculate the depreciation expense using the double-declining balance method for the second year the equipment was owned. CHAPTER 2 The Balance Sheet 83 Year Net Income co او برای 2.17. The Lazy O...
CHAPTER 2 The Balance Sheet 83 2.17. The Lazy Ranch just purchased equipment time 0000. The equipment is expected to last five years and have no salvage value (a) Calculate the depreciation expense using the straight-line method for the first two years the equipment is owned (b) Calculate the depreciation expen using the double declining balance method for the first two years the equipment is owned 2.18. Using the information below for Dean Caroration calculate the amount of dividends Dean...
CHAPTER 2 The Balance Sheet 83 2.17. The Lazy Ranch just purchased equipmentine 0000. The equipment is expected to last five years and have no salvage value (a) Calculate the depreciation expense using the straight-line method for the first years the equipment is owned (b) Calculate the depreciation expen using the double-dedining balance method for the first two years the equipment is owned 2.18. Using the information below for Dean Corporation calculate the amount of dividends Dean most likely paid...
Question 3.11 - Using the information provided
in the problem on page 145, calculate/answer the following:
a. Sales growth percentage from 2014 to 2015.
b. Sales growth percentage from 2015 to 2016.
c. Cost of goods sold percentage for 2014.
d. Cost of goods sold percentage for 2015.
e. Cost of goods sold percentage for 2016.
f. Gross profit margin percentage for 2014.
g. Gross profit margin percentage for 2015.
h. Gross profit marginpercentage for 2016.
i. Operating profit margin...
Exercise 8-23 Your answer is partially correct. Try again. The following information relates to the Stellar Company. Ending Inventory (End-of Year Price Date Prices) December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 $69,400 102,080 110,208 123,816 116,058 Index 100 116 128 132 138 Use the dollar-value LIFO method to compute the ending inventory for Stellar C Ending Inventory 2013 69400 2014 90976 2015 88772 2016 98632 2017 86452 Click if you would like...
Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions) et sales ess: Cost of goods sold ess: Depreciation arnings before interest and taxes ess: Interest paid axable Income ess: Taxes $ 91 7,340 $1,4 $1,37 85 413 ncome $ 962 Windswept, Inc. 2009 and 2010 Balance Sheets ($ in millions) 2009 2009 2010 2010 $ 23 $230Accounts payable $1,350 $1,350 1,390 $3,260$3,000 700 rec term 1,120 ,60 1,630 Common stock otal 450 S...
Complete the following using the information from the
Study Questions and Problems at the end of Chapter 4, on pages 193
- 194, as indicated below:
Question 4.9 - Using the condensed financial
statements for Dragoon Enterprises that are provided on page 193,
you will need to provide information as follows:
(a) Dividends Dragoon paid.
(b) Information from the statement of cash flows using the
indirect method including:
1. Net cash provided (used) by operations.
2. Net cash provided (used)...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 6 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 7 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago