The Baldwin Company currently has the following balances on their balance sheet: Total Assets $175,467 Total L
The Baldwin Company currently has the following balances on
their balance sheet:
Total
Assets $175,467
Total
Liabilities
$105,271
Retained
Earnings $32,013
Suppose next year the Baldwin Company generates $44,200 in net
profit, pays $12,000 in dividends, total assets increase by
$55,000, and total liabilities remain unchanged. What will ending
Baldwins balance in Common Stock be next year?Select: 1
| $60,983 | |
| $125,383 | |
| $367,751 | |
| $271,525 |
Homework Answers
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The Baldwin Company currently has the following balances on
their balance sheet:
Total
Assets $175,467
Total
L
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $69,309 Common...
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $69,309 Common Stock $9,871 Retained Earnings $86,004 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year? Select: 1 $165,184 $186,684 $95,875 $216,684
The Baldwin company currently has the following balances on their balance sheet: Assets $180,090 Common Stock...
The Baldwin company currently has the following balances on their balance sheet: Assets $180,090 Common Stock $12,907 Retained earnings $92,633 Suppose next year the Baldwin Company generates $20,000 in net profit, pays $10,000 in dividends, assets change to $151,000, and common stock remains unchanged. What must their total liabilities be next year?
Please explain the calculation: The Baldwin Company currently has the following balances on their balance sheet:...
Please explain the calculation: The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $139,915 Common Stock $53,134 Retained Earnings $37,069 Suppose next year the Baldwin Company generates $36,500 in net profit and pays $15,000 in dividends and total liabilities and common stock remain unchanged. What must their total assets be next year? Choices: $90,203 $251,618 $281,618 $230,118
The Andrews company currently has the following balances in their equity accounts: Common Stock $12,190...
The Andrews company currently has the following balances in their equity accounts: Common Stock $12,190 Retained earnings $43,385 Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year? Select: 1 $58,490 $73,685 $71,575 $55,575
Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $51.472 million Cash...
Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Liabilities of $51.472 million Cash of $4.020 million Total Assets of $84.210 million Total Common Stock of $2.540 million. What were the Baldwin Corporation's retained earnings? Select: 1 $35.278 million $30.198 million $39.298 million $34.218 million
DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and...
DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,800 Common stock Retained earnings Total liabilities and stockholders' equity $67,000 DONAVAN, INC. Income Statement $84,200 Revenues Cost of goods sold Salaries and wages expense 10,430 Net Income DONAVAN, INC. Retained Earnings Statement $17,000 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 4,610 $32,000
Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets:...
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Balance Sheet Assets Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity...
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These are your financial statements for the year ending today: BALANCE SHEET Cash Receivables Inventories Total...
These are your financial statements for the year ending today: BALANCE SHEET Cash Receivables Inventories Total Current Assets Net Fixed Assets $ 340,000 4,200,000 4,960,000 $ 9,500,000 2.500.000 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity $ 2,720,000 980,000 1.300.000 $ 5,000,000 2,000,000 3,800,000 1.200.000 $12,000,000 Total Assets $12,000,000 INCOME STATEMENT Sales Less: Operating costs EBIT Less: Interest EBT Less: Taxes (40%) Net Income Less: Dividends Additions to Retained Earnings...
DONAVAN, INC. Balance Sheet Assets Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity Liabilities Accounts payable Stockholders' Equity $5,800 Common stock Retained earnings Total liabilities and stockholders' equity $67,000 DONAVAN, INC. Income Statement $84,200 Revenues Cost of goods sold Salaries and wages expense 10,430 Net Income DONAVAN, INC. Retained Earnings Statement $17,000 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 4,610 $32,000
Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents Accounts receivable $150,000 400,000 350,000 $900,000 Inventories Total Current Assets Net Fixed Assets: Net plant and equipment (cost minus depreciation) Accounts payable Accrued liabilities Notes payable Total Current Liabilities Long-Term Bonds Total Debt $250,000 150,000 100,000 $500,000 1,000,000 $1,500,000 $2,100,000 800,000 Common Equity Common stock Retained earnings Total Common Equity Total Liabilities and Equity 700,000 $1,500,000 $3,000,000 Total Assets...
Balance Sheet Assets Cash Inventory Buildings Total assets $12,000 15,000 40,000 $67,000 Liabilities and Stockholders' Equity iabilities Accounts payable Stockholders' Equity $5,800 Common stock Retained earnings Total liabilities and stockholders' equity $67,000 DONAVAN, INC. Income Statement $84,200 Revenues Cost of goods sold Salaries and wages expense Net Income 10,430 DONAVAN, INC. Retained Earnings Statement $17,000 Beginning retained earnings Add: Net income Less: Dividends Ending retained earnings 4,610 $32,000
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These are your financial statements for the year ending today: BALANCE SHEET Cash Receivables Inventories Total Current Assets Net Fixed Assets $ 340,000 4,200,000 4,960,000 $ 9,500,000 2.500.000 Accounts Payable Accruals Notes Payable Total Current Liabilities Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity $ 2,720,000 980,000 1.300.000 $ 5,000,000 2,000,000 3,800,000 1.200.000 $12,000,000 Total Assets $12,000,000 INCOME STATEMENT Sales Less: Operating costs EBIT Less: Interest EBT Less: Taxes (40%) Net Income Less: Dividends Additions to Retained Earnings...
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