Homework Answers
2. The Statement of Owners' Equity contains the capital contribution of the owners in the bifurcated format.
Answer: Statement of Owners' Equity
3. Profit Margin Ratio = Net Income/Revenue
0.10 = 0.10/Revenue
Revenue = 0.10/0.10 = 1
Revenue is credited to the retained earnings at the closing entries. Retained earnings is a part of shareholders equity. In the question nothing is mentioned about the other components of the shareholders equity, thus revenue is assumed to be the only component.
Answer: 1
4. Payout ratio = Dividend/Net income
0.40 = 40/Net income
Net income = 40/0.40 = 100
Answer: 100
5. Dividend Payout ratio gives the proportion of the net income paid to the shareholders.
Dividend Payout ratio = Dividend/Net income
Answer: None of these
As per policy, I can solve four sub parts of a question.
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2. The statement that shows investments in the firm and the distributions to the owners is the Income statement Balance...
Software Assets are 100 and expected to grow by 28%. Liabilities and owners' equity are 100...
Software Assets are 100 and expected to grow by 28%. Liabilities and owners' equity are 100 and expected to grow by 22%. The plug for the first pro forma year is a Select one: O a. Liability plug b. Cash plug c. Neither A nor B Next page US ACTIVITY Appendix A,
Using the following income statement and balance sheet, create a pro-forma income statement and balance sheet....
Using the following income statement and balance sheet, create a pro-forma income statement and balance sheet. Assume a growth rate of 30%, and that the tax rate and dividend payout remain constant. Costs, assets, and accounts payable vary with sales, but the others do not, and the company is operating at 100% capacity. Use this information to answer the first 5 questions: HOFFMAN COMPANY Income Statement Sales 52,000.00 Costs 41,080.00 Taxable Income 10,920.00 Taxes (32%) 3,494.00 Net Income 7,426.00 Dividends...
Income Statement Sales Costs Taxable income Taxes (40%) Net Income 25,800 13,600 12,200 4.880 7,320 Retained...
Income Statement Sales Costs Taxable income Taxes (40%) Net Income 25,800 13,600 12,200 4.880 7,320 Retained Earnings Dividends 4,026 3,294 Balance Sheet Current Assets Fixed Assets Total 18,000 Total Debt 13.500 Owners Equity 31,500 Total 7,500 24.000 31,500 The company is forecasting a 35% increase in sales for the coming year, costs, assets and liabilities vary directly with sales, while equity does not 1. Calculate Profit Margin: 2. Calculate Retention Ratio (plowback): 3. Calculate pro forma statements and External Funds...
can you help me with the T account, income statement,Balance sheet, earnings per share and Owners...
can you help me with the T account, income statement,Balance
sheet, earnings per share and Owners equity table . for the Year
2021. i added the info for the year 2020 to help
Do
not worry about the question in the text, i just need help with the
income statement2021, Balance sheet 2021, Taccount 2021, eps and
owner equity 2021. the first pocture are juste the info for
2020
1,000 Assets Current Assets Cash Inventory Total Current Assets 35,400 36,400...
3. (50% Marks) Use the information in given in the Income Statement, Balance Sheet, and Purcell...
3. (50% Marks) Use the information in given in the Income Statement, Balance Sheet, and Purcell Diagram to figure out the missing values. The missing values are denoted by brackets i.e. (1) to (42). Mention the source or show necessary calculations for each of the missing values. Income Statement NAC Corporation 2024 (End-of-Year) Sales 900 Expenses Cost of Goods Sold (1) Management Costs 40 R&D Expenses Sales Expense 60 80 Other Taxes & Fees 20 Depreciation 100 750 Profit Before...
Based on the Income Statement and Balance Sheet for the XYZ Corporation (see below): a) ...
Based on the Income Statement and Balance Sheet for the XYZ Corporation (see below): a) create the Pro Forma statement for 2018 given the following assumptions: - sales increase by 20% - all items vary directly with sales (except for Notes Payable, LTD, Owners Equity) - the company is currently operating at 100% capacity - the dividend payout ratio stays at 50% Income Statement 2017 Pro Forma 2018 Sales $3,000,000 Cost of Goods Sold 2,000,000 Depreciation 300,000 EBIT...
2. American Bank The following table lists the Income statement and Balance sheet for First Income...
2. American Bank The following table lists the Income statement and Balance sheet for First Income Statement Revenue 2017 2018 Balance Sheet 2017 2018 Depreciation Se90 S600 ss00 Current assets $350 30 Other operating costs 520 Prop. plant, & Equip. 500 400 $1.020 Income before taxes 480 Ses0 Total assets 150 $170 80 $175 Тахеs Current labilties 70 50 Long-term debt Total liabilities 30 40 Net income $220 $130 $140 $135 Dividends $800 $720 20 26 Shareholders' equity $1,020 Eamings...
43) Autry Corporation's balance sheet and income statement appear below Comparative Balance Sheet Ending Balance Begining...
43) Autry Corporation's balance sheet and income statement appear below Comparative Balance Sheet Ending Balance Begining Balance 33 $ 26 67 154 673 199 315 358 $ $12 520 293 227 $ 386 Assets Current assets Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities...
Create a new income statement and balance sheet that are linked to EACH OTHER. Please account...
Create a new income statement and balance sheet that are linked to EACH OTHER. Please account for the following (please note that this is a general exercise and that there are some specific accounting nuances that may be difficult to resolve given this limited amount of data…please see the instructor if you are having difficulty): Revenue $100,000 (this should be an input field) COGS 50% of revenue Taxes 35% rate Dividends 50% of Net Income...
Using the income statement and balance sheets of Niagara Company below, prepare a statement of cash flows for the year e...
Using the income statement and balance sheets of Niagara Company
below, prepare a statement of cash flows for the year ended
December 31, Year 9, using the direct method.
NIAGRARA COMPANY
Income statement For Year Ended Dec.31,
Year9
Sales
$1000
Cost of goods sold
(650)
Depreciation expense
(100)
Sales and general expense
(100)
Interest expense
(50)
Income tax expense
(40)
Net income
$60
NIAGARA COMPANY Balance Sheets December 31, Year 9 and Year 8 Year 8 Year 9 $ 60...
Software Assets are 100 and expected to grow by 28%. Liabilities and owners' equity are 100 and expected to grow by 22%. The plug for the first pro forma year is a Select one: O a. Liability plug b. Cash plug c. Neither A nor B Next page US ACTIVITY Appendix A,
Using the following income statement and balance sheet, create a pro-forma income statement and balance sheet. Assume a growth rate of 30%, and that the tax rate and dividend payout remain constant. Costs, assets, and accounts payable vary with sales, but the others do not, and the company is operating at 100% capacity. Use this information to answer the first 5 questions: HOFFMAN COMPANY Income Statement Sales 52,000.00 Costs 41,080.00 Taxable Income 10,920.00 Taxes (32%) 3,494.00 Net Income 7,426.00 Dividends...
Income Statement Sales Costs Taxable income Taxes (40%) Net Income 25,800 13,600 12,200 4.880 7,320 Retained Earnings Dividends 4,026 3,294 Balance Sheet Current Assets Fixed Assets Total 18,000 Total Debt 13.500 Owners Equity 31,500 Total 7,500 24.000 31,500 The company is forecasting a 35% increase in sales for the coming year, costs, assets and liabilities vary directly with sales, while equity does not 1. Calculate Profit Margin: 2. Calculate Retention Ratio (plowback): 3. Calculate pro forma statements and External Funds...
can you help me with the T account, income statement,Balance
sheet, earnings per share and Owners equity table . for the Year
2021. i added the info for the year 2020 to help
Do
not worry about the question in the text, i just need help with the
income statement2021, Balance sheet 2021, Taccount 2021, eps and
owner equity 2021. the first pocture are juste the info for
2020
1,000 Assets Current Assets Cash Inventory Total Current Assets 35,400 36,400...
3. (50% Marks) Use the information in given in the Income Statement, Balance Sheet, and Purcell Diagram to figure out the missing values. The missing values are denoted by brackets i.e. (1) to (42). Mention the source or show necessary calculations for each of the missing values. Income Statement NAC Corporation 2024 (End-of-Year) Sales 900 Expenses Cost of Goods Sold (1) Management Costs 40 R&D Expenses Sales Expense 60 80 Other Taxes & Fees 20 Depreciation 100 750 Profit Before...
2. American Bank The following table lists the Income statement and Balance sheet for First Income Statement Revenue 2017 2018 Balance Sheet 2017 2018 Depreciation Se90 S600 ss00 Current assets $350 30 Other operating costs 520 Prop. plant, & Equip. 500 400 $1.020 Income before taxes 480 Ses0 Total assets 150 $170 80 $175 Тахеs Current labilties 70 50 Long-term debt Total liabilities 30 40 Net income $220 $130 $140 $135 Dividends $800 $720 20 26 Shareholders' equity $1,020 Eamings...
43) Autry Corporation's balance sheet and income statement appear below Comparative Balance Sheet Ending Balance Begining Balance 33 $ 26 67 154 673 199 315 358 $ $12 520 293 227 $ 386 Assets Current assets Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities...
Using the income statement and balance sheets of Niagara Company
below, prepare a statement of cash flows for the year ended
December 31, Year 9, using the direct method.
NIAGRARA COMPANY
Income statement For Year Ended Dec.31,
Year9
Sales
$1000
Cost of goods sold
(650)
Depreciation expense
(100)
Sales and general expense
(100)
Interest expense
(50)
Income tax expense
(40)
Net income
$60
NIAGARA COMPANY Balance Sheets December 31, Year 9 and Year 8 Year 8 Year 9 $ 60...
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