Homework Answers
| BALANCE SHEET | |||
| Assets | |||
| Last Year | Basis of Projections | Projections | |
| Cash | $ 75 | 1% of Sales | $ 100 |
| Receivables | $ 225 | 3% of sales | $ 300 |
| Inventory | $ 300 | 4% of sales | $ 400 |
| Total current assets | $ 600 | $ 800 | |
| Net fixed assets | $ 450 | 106.67% of existing NFA | $ 480 |
| Total assets | $ 1,050 | $ 1,400 | |
| Total liabilities & Stockholders' equity | |||
| Current liabilities: | |||
| Payables | $ 150.00 | 2% of sales | $ 200.00 |
| Accruals | $ 75.00 | 1% of sales | $ 100.00 |
| Notes payable | $ 100.00 | $ 100.00 | |
| Total current liabilities | $ 325.00 | $ 400.00 | |
| Common stock | $ 250.00 | $ 250.00 | |
| Retained earnings | $ 300.00 | +150 [see notes below] | $ 450.00 |
| Total liabilities & Stockholders' equity | $ 875.00 | $ 1,100.00 | |
| EFN | $ 300.00 | ||
| WORKINGS: | |||
| Expected growth in sales = 10000/7500-1 = | 33.33% | ||
| Capacity required as % of existing capacity = 80%*133.33% = | 106.67% | ||
| Projected net income = 10000*3% = | $ 300.00 | ||
| Retained income = 300*(1-50%) = | $ 150.00 | ||
Add Answer to:
9) (10 pts) A company's balance sheet showed the following amounts as of December 31: Cash $150 75 100 175 250 $7...
Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets:...
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...
TSE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through...
TSE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 45 30 Average collection period (days) Number of shares outstanding 15,000 Accounts payable days Sales $850,000 Retained earnings (2018) $537,400 Gross profit margin 20% Dividend payout ratio 80% Inventory turnover ratio Accruals $9,000 Net profit margin 15% 1.25 Current ratio Return on assets Debt ratio Notes payable $13,000 Note: Of total sales. 60 percent are on credit and the remainder are cash sales....
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash 21,000 Accounts receivable, net 210,000...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash 21,000 Accounts receivable, net 210,000 Merchandise inventory 320,000 Prepaid expenses 10,000 Total current assets 561,000 Property and equipment, net 870,000 Total assets $1,431,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 260,000 Bonds payable, 11% 390,000 Total liabilities 650,000 Stockholders' equity: Common stock, $5 par value $ 150,000 Retained earnings 631,000 Total stockholders' equity 781,000 Total liabilities and $1,431,000 stockholders' equity Castile Products, Inc. Income Statement For the Year...
Trevor Company's balance sheet for December 31, 20X0 is as follows: Cash 100 Accounts receivable 150...
Trevor Company's balance sheet for December 31, 20X0 is as follows: Cash 100 Accounts receivable 150 Interest Receivable 25 Inventory 120 Notes Receivable (long term) 500 Equipment, at cost 400 Accumulated depreciation, Equipment 150 Equipment, net 250 Total assets $1,145 Accounts payable 140 Wages payable 20 Unearned sales revenue 30 Paid-in-capital 600 Retained income 355 Total liabilities and $1,145 stockholders' equity The following summarized transactions occurred during 20X1: a Purchased merchandise inventory on credit, $750. Delivered merchandise to customers who...
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable,...
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net $ 31,600 $ 36,250 $ 37,000 87,400 63,000 50,000 112,000 80,200 52.000 10,800 9350 4100 279,000 257,500 235,000 Total assets $520,800 $ 446,300 $ 378 100 $ 129,200 $ 72,500 $ 51,400 Liabilities and Equity Accounts payable Long-term notes payable secured mortgages on plant assets Common stock, $10 par value Retained earnings 98,000 160,000 133.600 100.000...
1. The Additional Funds Needed (AFN) equation Green Moose Company has the following end-of-year balance sheet:...
1. The Additional Funds Needed (AFN) equation Green Moose Company has the following end-of-year balance sheet: Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets: Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt $1,500,000 (cost minus depreciation) Common Equity Common...
please help asap Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable,...
please help asap
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 88 Total liabilities Stockholders' equity: Common stock, $10 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 22,000 170,000 390.000 7,000 589,000 890,000 $1,479,000 $ 230,000 350,000 580,000 $ 160,000 739,000 899,000 $1,479,000 Castile Products, Inc. Income Statement...
Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year...
Hyrkas Corporation's most recent balance sheet and income statement appear below: Balance Sheet December 31, Year 2 and Year 1 (in thousands of dollars) Year 2 Year 1 Assets Current assets: Cash $ 205 $ 300 Accounts receivable, net 330 350 Inventory 300 270 Prepaid expenses 20 20 Total current assets 855 940 Plant and equipment, net 1,090 1,180 Total assets $ 1,945 $ 2,120 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 270 $ 300 Accrued liabilities 50...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; co...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
ABC CORP BALANCE SHEET December 31, 2010 $ 100 Cash Marketable Securities 0 Accounts Receivables 2,000...
ABC CORP BALANCE SHEET December 31, 2010 $ 100 Cash Marketable Securities 0 Accounts Receivables 2,000 Inventory 140 Fixed Assets (net) 2,000 Total Assets ===== $ 2,380 Accounts Payable Notes Payable 0 Retained earnings Common Stock 1,400 Total of Both Liabilities & Equity For the year ended 12/31/10 ABC CORP generated Sales of $12,000 and Net Income of $120. The net profit margin this year is considered normal by ABC CORP. Cost of Goods Sold was $8,400 in 2010. Cost...
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...
TSE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 45 30 Average collection period (days) Number of shares outstanding 15,000 Accounts payable days Sales $850,000 Retained earnings (2018) $537,400 Gross profit margin 20% Dividend payout ratio 80% Inventory turnover ratio Accruals $9,000 Net profit margin 15% 1.25 Current ratio Return on assets Debt ratio Notes payable $13,000 Note: Of total sales. 60 percent are on credit and the remainder are cash sales....
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash 21,000 Accounts receivable, net 210,000 Merchandise inventory 320,000 Prepaid expenses 10,000 Total current assets 561,000 Property and equipment, net 870,000 Total assets $1,431,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 260,000 Bonds payable, 11% 390,000 Total liabilities 650,000 Stockholders' equity: Common stock, $5 par value $ 150,000 Retained earnings 631,000 Total stockholders' equity 781,000 Total liabilities and $1,431,000 stockholders' equity Castile Products, Inc. Income Statement For the Year...
Trevor Company's balance sheet for December 31, 20X0 is as follows: Cash 100 Accounts receivable 150 Interest Receivable 25 Inventory 120 Notes Receivable (long term) 500 Equipment, at cost 400 Accumulated depreciation, Equipment 150 Equipment, net 250 Total assets $1,145 Accounts payable 140 Wages payable 20 Unearned sales revenue 30 Paid-in-capital 600 Retained income 355 Total liabilities and $1,145 stockholders' equity The following summarized transactions occurred during 20X1: a Purchased merchandise inventory on credit, $750. Delivered merchandise to customers who...
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net $ 31,600 $ 36,250 $ 37,000 87,400 63,000 50,000 112,000 80,200 52.000 10,800 9350 4100 279,000 257,500 235,000 Total assets $520,800 $ 446,300 $ 378 100 $ 129,200 $ 72,500 $ 51,400 Liabilities and Equity Accounts payable Long-term notes payable secured mortgages on plant assets Common stock, $10 par value Retained earnings 98,000 160,000 133.600 100.000...
1. The Additional Funds Needed (AFN) equation Green Moose Company has the following end-of-year balance sheet: Green Moose Company Balance Sheet For the Year Ended on December 31 Assets Liabilities Current Assets: Current Liabilities: Cash and equivalents $150,000 Accounts payable $250,000 Accounts receivable 400,000 Accrued liabilities 150,000 Inventories 350,000 Notes payable 100,000 Total Current Assets $900,000 Total Current Liabilities $500,000 Net Fixed Assets: Long-Term Bonds 1,000,000 Net plant and equipment $2,100,000 Total Debt $1,500,000 (cost minus depreciation) Common Equity Common...
please help asap
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 88 Total liabilities Stockholders' equity: Common stock, $10 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 22,000 170,000 390.000 7,000 589,000 890,000 $1,479,000 $ 230,000 350,000 580,000 $ 160,000 739,000 899,000 $1,479,000 Castile Products, Inc. Income Statement...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
ABC CORP BALANCE SHEET December 31, 2010 $ 100 Cash Marketable Securities 0 Accounts Receivables 2,000 Inventory 140 Fixed Assets (net) 2,000 Total Assets ===== $ 2,380 Accounts Payable Notes Payable 0 Retained earnings Common Stock 1,400 Total of Both Liabilities & Equity For the year ended 12/31/10 ABC CORP generated Sales of $12,000 and Net Income of $120. The net profit margin this year is considered normal by ABC CORP. Cost of Goods Sold was $8,400 in 2010. Cost...
Most questions answered within 3 hours.
-
Hows does water affect the digestion of fats ?
asked 3 minutes ago -
A buffer that contains 0.41 M of a base, B and 0.21 M of its
conjugate...
asked 6 minutes ago -
Pleaaaaaaaasssssse help me please please it's more important
:((((((((((((((((((((
CASE STUDY
Nissan Company
Nissan Motor Company,...
asked 9 minutes ago -
Calculate the concentration of hydronium and hyroxide ions in 1)
2.0 mol/L HNO3 2) 0.5 mol/L...
asked 35 minutes ago -
In a loop-the-loop ride a car goes around a vertical, circular
loop at a constant speed....
asked 34 minutes ago -
50 grams each of water (18.015 g/mol) and ethylene glycol
(C2H6O2) (62.07 g/mol) are mixed. At...
asked 38 minutes ago -
The life expectancy of sport utility vehicles follows a normal
distribution with a mean of 145.8...
asked 1 hour ago -
If an object with mass of 5 kg is pushed with a force of 552 N,...
asked 40 minutes ago -
Suppose your program already has a list called nums, which
contains several numbers. Write a for...
asked 52 minutes ago -
A spherical shell with a finite thickness just barely floats in
water. If the shell is...
asked 52 minutes ago -
Explain in detail whether the following is true or false:
Total factor productivity will rise only...
asked 59 minutes ago -
A firm pays a $2.50 dividend at the end of year one
(D1), has a stock...
asked 1 hour ago