Homework Answers
| Particulars | amount |
| NO OF weighted Avg share | 30000 |
| Profit after tax | 65000 |
| Preferred dividend | 5000 |
| Earning available to equity(65000-5000) | 60000 |
| EPS(60000/30000) | 2 |
| Dividend per share (26000/30000) | . 866666 |
| Payout ratio=DPS/EPS*100 | 43.33% |
| Market price of stock | 13 |
| PE RATIO=PRICE/EARNINGS=13/2 | 6.5TIMES |
| Interest expense | 16000 |
| Other expense (105000-24000-16000) | 65000 |
Profit before tax and interest=gross profit - other expense
=170000-65000=105000
Interest earned ratio
=profit before interest and tax/interest expense
=105000/16000=6.5625 times or 6.6times
Weygandt, Accounting Principles, 12e Question 3 t December 31, 2017, the avallablefor-sale securities for Storer, Inc....
Weygandt, Accounting Principles, 12e Question 3 t December 31, 2017, the avallablefor-sale securities for Storer, Inc. are as folliows The securities ane considered to be a long term inestmen Cest Tair Value 17,800$6,300 12,80013,700 23,000 33,600 49 00 Prepare the adusting entry at December 31, 2017, to repot the entered. De no indent anally. no enry is required, select No entry for and Explanation DOLL
Weygandt, Accounting Principles, 12e Aus t radebook ORION Downloadable eTextbook Exercise 15-10 Dering Company borrowed 5419,750...
Weygandt, Accounting Principles, 12e Aus t radebook ORION Downloadable eTextbook Exercise 15-10 Dering Company borrowed 5419,750 on January 1, 2017 by issuing a $419,750,0% mortgage not pay the Your partially correct. Try again Prepare the o n es to record the mortgage loan and the first two installment payments (Round Date Account Titles and Explanation Debit Dec 31, 2017 WileyPLUS: MYWileyPLUS Help Contact Us Principles of Accounting 12e (ACC 171-1 FULL SCREEN PRINTER VERSION HACK 750, 6% mortgage note payable....
Hips://edugen.wileyplus.com/edugen/ti/main.uni WileyPLUS > Weygandt, Accounting Principles, 12e Help System Announcements (Unread Multiple Choice Question 56 Crane...
Hips://edugen.wileyplus.com/edugen/ti/main.uni WileyPLUS > Weygandt, Accounting Principles, 12e Help System Announcements (Unread Multiple Choice Question 56 Crane Company prepared a 2016 budget for 30000 units of product. Actual production in 2016 was 40000 units. To be most useful what amounts should performance report for this company compare? The actual results for 40000 units with the original budget for 10000 units. It doesn't m e an of these choices are equally useful The actuale s for 40000 units with a new budget...
Weygandt, Accounting Principles, 12e Gradebook ORION Downloadable eTextbook Question 4 The income statement of Whitlock Company...
Weygandt, Accounting Principles, 12e Gradebook ORION Downloadable eTextbook Question 4 The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue 7,519,500 Cost of goods sold Beginning inventory Purchases Goods avalable for sale Ending inventory 1,834,000 4,429,000 6,263,000 1.314,200 Total cost of goods sold Gross profit Operating expenses Net income 4,948,800 2,570,700 1,088,400 $1,482,300 Additional information 1. Accounts receivable increased $201,800 duning the yea, and inventory decreased $519,800. 2....
Weygandt, Accounting Principles, 12e the Assume Gradebook ORION Downloadable eTextbook Brief Exercise 15-6 The balance sheet...
Weygandt, Accounting Principles, 12e the Assume Gradebook ORION Downloadable eTextbook Brief Exercise 15-6 The balance sheet for Miley Consulting reports the following information on Lily 1, 2017 Long-term limbilities Bonds payable $2,500,000 Less: Discount on bonds payable 100,000 $2,400,000 Miley decides to redeem these bonds at 105 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2017. (Credit account titles are automatically indented whe Date Account Titles and Explanation Debit Credit July 1
Weygandt, Accounting Principles, 12e Help System Announcements (1 Unread) Multiple Choice Question 80 Waterway Company has...
Weygandt, Accounting Principles, 12e Help System Announcements (1 Unread) Multiple Choice Question 80 Waterway Company has the following equivalent units for Julyi materials 25500 and conversion costs 26000. Production cost data are: Materials Conversion Work in process, July 1 $ 6100 $ 2200 Costs added in July 50000 42000 The unit production costs for July are: Materials Conversion Costs $2.20 $1.70 $2.20 $1.62 oooo $1.96 $1.62 $1.96 51.70 Click if you would like to Show Work for this question: Open...
dugen wileyplus.com/edugen/'student/mainfr.un US Weygandt, Accounting Principles, 12e Downloadable eTextbook ORION Gradebook Assignment &Practice ssignment CES Brief...
dugen wileyplus.com/edugen/'student/mainfr.un US Weygandt, Accounting Principles, 12e Downloadable eTextbook ORION Gradebook Assignment &Practice ssignment CES Brief Exercise 15-8 Presented below are long-term liability items for Lind Company at December 31, 2017 $525,000 Bonds payable, due 2019 65,000 Lease liability Notes payable, due 2022 Discount on bonds payable 75,000 34,125 Prepare the long-term liabilities section of the balance sheet for Lind Company. (Enter account name only and do m Lind Company Balance Sheet (Partial) dy
Weygandt, Accounting Principles, 12e Question S ZUMBRUNN COMPANY Income Statement For the Year Ended December 31,...
Weygandt, Accounting Principles, 12e Question S ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income 54,500 26,000 704,200 40,900 5224,700 Zumbrumn's balance sheet contained the comparative data at December 31, shown below 2017 2016 $75,800 40,600 $59,100 27,700 6,100 Accounts payable Income taxes payable Accounts payable pertain to operating expenses Prepare the operating activities section of...
Weygandt, Accounting Principles, 12e LUS Help System Announcements Return to Blackboard RCES Tk Exercise 14-15 The...
Weygandt, Accounting Principles, 12e LUS Help System Announcements Return to Blackboard RCES Tk Exercise 14-15 The following financial information is available for ummer Corporation Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net Income Market price of common stock 2017 $1,100,000 45,000 15,000 280,000 18 2016 $850,000 25,000 15.000 190,000 13 audy The weighted average number of shares of common stock outstanding was 75,000 for 2016 and 100,000 for 2017. Calculate earnings per share...
Weygandt, Accounting Principles, 13e Exercise 200
Weygandt, Accounting Principles, 13eExercise 200 For each of the following, determine the missing amounts.
Weygandt, Accounting Principles, 12e Question 3 t December 31, 2017, the avallablefor-sale securities for Storer, Inc. are as folliows The securities ane considered to be a long term inestmen Cest Tair Value 17,800$6,300 12,80013,700 23,000 33,600 49 00 Prepare the adusting entry at December 31, 2017, to repot the entered. De no indent anally. no enry is required, select No entry for and Explanation DOLL
Weygandt, Accounting Principles, 12e Aus t radebook ORION Downloadable eTextbook Exercise 15-10 Dering Company borrowed 5419,750 on January 1, 2017 by issuing a $419,750,0% mortgage not pay the Your partially correct. Try again Prepare the o n es to record the mortgage loan and the first two installment payments (Round Date Account Titles and Explanation Debit Dec 31, 2017 WileyPLUS: MYWileyPLUS Help Contact Us Principles of Accounting 12e (ACC 171-1 FULL SCREEN PRINTER VERSION HACK 750, 6% mortgage note payable....
Hips://edugen.wileyplus.com/edugen/ti/main.uni WileyPLUS > Weygandt, Accounting Principles, 12e Help System Announcements (Unread Multiple Choice Question 56 Crane Company prepared a 2016 budget for 30000 units of product. Actual production in 2016 was 40000 units. To be most useful what amounts should performance report for this company compare? The actual results for 40000 units with the original budget for 10000 units. It doesn't m e an of these choices are equally useful The actuale s for 40000 units with a new budget...
Weygandt, Accounting Principles, 12e Gradebook ORION Downloadable eTextbook Question 4 The income statement of Whitlock Company is presented here. WHITLOCK COMPANY Income Statement For the Year Ended November 30, 2017 Sales revenue 7,519,500 Cost of goods sold Beginning inventory Purchases Goods avalable for sale Ending inventory 1,834,000 4,429,000 6,263,000 1.314,200 Total cost of goods sold Gross profit Operating expenses Net income 4,948,800 2,570,700 1,088,400 $1,482,300 Additional information 1. Accounts receivable increased $201,800 duning the yea, and inventory decreased $519,800. 2....
Weygandt, Accounting Principles, 12e the Assume Gradebook ORION Downloadable eTextbook Brief Exercise 15-6 The balance sheet for Miley Consulting reports the following information on Lily 1, 2017 Long-term limbilities Bonds payable $2,500,000 Less: Discount on bonds payable 100,000 $2,400,000 Miley decides to redeem these bonds at 105 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2017. (Credit account titles are automatically indented whe Date Account Titles and Explanation Debit Credit July 1
Weygandt, Accounting Principles, 12e Help System Announcements (1 Unread) Multiple Choice Question 80 Waterway Company has the following equivalent units for Julyi materials 25500 and conversion costs 26000. Production cost data are: Materials Conversion Work in process, July 1 $ 6100 $ 2200 Costs added in July 50000 42000 The unit production costs for July are: Materials Conversion Costs $2.20 $1.70 $2.20 $1.62 oooo $1.96 $1.62 $1.96 51.70 Click if you would like to Show Work for this question: Open...
dugen wileyplus.com/edugen/'student/mainfr.un US Weygandt, Accounting Principles, 12e Downloadable eTextbook ORION Gradebook Assignment &Practice ssignment CES Brief Exercise 15-8 Presented below are long-term liability items for Lind Company at December 31, 2017 $525,000 Bonds payable, due 2019 65,000 Lease liability Notes payable, due 2022 Discount on bonds payable 75,000 34,125 Prepare the long-term liabilities section of the balance sheet for Lind Company. (Enter account name only and do m Lind Company Balance Sheet (Partial) dy
Weygandt, Accounting Principles, 12e Question S ZUMBRUNN COMPANY Income Statement For the Year Ended December 31, 2017 Service revenue Operating expenses, excluding depreciation Depreciation expense Loss on disposal of equipment Income before income taxes Income tax expense Net income 54,500 26,000 704,200 40,900 5224,700 Zumbrumn's balance sheet contained the comparative data at December 31, shown below 2017 2016 $75,800 40,600 $59,100 27,700 6,100 Accounts payable Income taxes payable Accounts payable pertain to operating expenses Prepare the operating activities section of...
Weygandt, Accounting Principles, 12e LUS Help System Announcements Return to Blackboard RCES Tk Exercise 14-15 The following financial information is available for ummer Corporation Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net Income Market price of common stock 2017 $1,100,000 45,000 15,000 280,000 18 2016 $850,000 25,000 15.000 190,000 13 audy The weighted average number of shares of common stock outstanding was 75,000 for 2016 and 100,000 for 2017. Calculate earnings per share...
Weygandt, Accounting Principles, 13eExercise 200 For each of the following, determine the missing amounts.
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