Homework Answers
| Berkeley Automobile Company |
| BALANCE SHEET AS ON 31st December |
| Description | 12/31/2018 | 12/31/2019 | Description | 12/31/2018 | 12/31/2019 |
| Current Assets | Amount ($) | Amount ($) | Current Liabilities | Amount ($) | Amount ($) |
| Inventory | 3100 | 4513 | Accounts Payable | 2400 | 3750 |
| Cash | 575 | 550 | |||
| Accounts Receivable | 1600 | 4891 | |||
| Total (A) | 5275 | 9954 | Total | 2400 | 3750 |
| Long Term Assets | Long Term Liabilities | ||||
| Net Fixed Assets (B) | 10800 | 9650 | Long Term Debt | 3500 | 4145 |
| Total Liabilities (A) | 5900 | 7895 | |||
| Shareholders Equity | |||||
| Common stockholders Equity portion (Refer Working Note) | 10175 | 11709 | |||
| Total Shareholder Equity (B) | 10175 | 11709 | |||
| Total Assets (A+B) | 16075 | 19604 | Total Liabilities (A+B) | 16075 | 19604 |
| Book Value Per Share | Total Common Stockholders Equity portion | |||
| Number of common Share | ||||
| Hence | ||||
| Total Common Stockholders Equity Portion | Book value per share * Number of common share | |||
| 2018 | 2019 | |||
| Book Value per share | 50.88 | 58.54 | ||
| Common share outstanding | 200.00 | 200.00 | ||
| Common stockholders Equity portion | 10,175.54 | 11,708.89 | ||
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You have the following financial information about Berkeley Automobile company. Please use this information to answer...
TUU Tidve ure Tonowing tinancial macun audut Berkeley Automobile Company. Please use this information to answer...
TUU Tidve ure Tonowing tinancial macun audut Berkeley Automobile Company. Please use this information to answer the following questions Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts...
You have the following fina information to answer the following que e following financial information about...
You have the following fina information to answer the following que e following financial information about Berkeley answer the following questions Sales Net Fixed Assets Inventory Cost of Goods Sold Interest Cash Common Stock (APIC) Depreciation Accounts Receivable Accounts Payable Long-Term Debt Tax Rate Dividends Common Shares Outstanding Book Value Per Share Price / Earnings Multiple (PE) Berkeley Automobile Company Inc. (000's) 2019 2018 $ 14,000 $ 9,500 $ 10,800 $ 9,650 $ 3,100 $ 4,513 $ 6,900 $ 9,242...
You have the following financial information about Berkeley Automobile Compa information to answer the following questions...
You have the following financial information about Berkeley Automobile Compa information to answer the following questions 2019 Berkeley Automobile Company Inc. (000's) 2018 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400...
Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 10,500 $ 16,000 Net Fixed Assets $...
Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 10,500 $ 16,000 Net Fixed Assets $ 9,800 $ 9,650 Inventory $ 3,100 $ 4,510 Cost of Goods Sold $ 6,900 $ 9,242 Interest theatino $ 300 $ 375 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 360 Accounts Receivable $ 1,600 $ 4,900 Accounts Payable $ 2,400 $ 3,600 Long-Term Debt $ 3,500 $ 4,120 Tax Rate 34% 34% Dividends $ 824...
Please show the work! Thank you. Please use the following information (below) to create a financial...
Please show the work! Thank you.
Please use the following information (below) to create a
financial statements such as a balance sheet, income, cash flow,
etc.
Required information [The following information applies to the questions displayed below] Sage Inc. experienced the following transactions for 2018, its first year of operations: 1. Issued common stock for $110,000 cash 2. Purchased $185,000 of merchandise on account. 3. Sold merchandise that cost $162,000 for $322,000 on account 4. Collected $286,000 cash from accounts...
Use the balance sheets and information provided about revenue and expenses to answer the question. Stuart...
Use the balance sheets and
information provided about revenue and expenses to answer the
question. Stuart Company Balance Sheet As of December 31, 2018
(amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts
Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities
9,000 Property Plant & Equipment, Gross 243,000 Total
Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital
67,000 Property Plant & Equipment, Net 172,000 Retained
Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total
Assets 373,000 Total Liabilities & Equity 373,000...
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following...
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following events in 2018, its first year of operations: 1. Received $15,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,300. 4. Collected $32,820 of the accounts receivable. 5. Recorded $5,250 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. Required a. Record the...
Required Information [The following information applies to the questions displayed below.] The following transactions apply to...
Required Information [The following information applies to the questions displayed below.] The following transactions apply to Jova Company for 2018, the first year of operation: 1. Issued $10,000 of common stock for cash. 2. Recognized $210.000 of service revenue earned on account. 3. Collected $162,000 from accounts receivable. 4. Paid operating expenses of $125,000. 5. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be...
Use the above comparative balance sheet to answer the following problem: Sevignys Salon, Inc Comparative Balance...
Use the above comparative balance sheet to answer the following
problem:
Sevignys Salon, Inc Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Cash Accounts Receivable Supplies S 18,059 S 1,700 170 4,900 (608) S 24,221 S 11,000 400 160 1,300 (99) 12,761 quipment (Less Accumulated Depreciation) Total Assets Liabilities Accounts Payable Notes Payable (long-term) 850 1,300 5,000 3,000 Stockholders' equity Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 4,893 15,478 S 24,221 S 893 5.568 12,761...
Use the balance sheets and information provided about revenue and expenses to answer the question. Stuart...
Use the balance sheets and information provided about revenue and expenses to answer the question. Stuart Company Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities 9,000 Property Plant & Equipment, Gross 243,000 Total Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital 67,000 Property Plant & Equipment, Net 172,000 Retained Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total Assets 373,000 Total Liabilities & Equity 373,000...
TUU Tidve ure Tonowing tinancial macun audut Berkeley Automobile Company. Please use this information to answer the following questions Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts...
You have the following fina information to answer the following que e following financial information about Berkeley answer the following questions Sales Net Fixed Assets Inventory Cost of Goods Sold Interest Cash Common Stock (APIC) Depreciation Accounts Receivable Accounts Payable Long-Term Debt Tax Rate Dividends Common Shares Outstanding Book Value Per Share Price / Earnings Multiple (PE) Berkeley Automobile Company Inc. (000's) 2019 2018 $ 14,000 $ 9,500 $ 10,800 $ 9,650 $ 3,100 $ 4,513 $ 6,900 $ 9,242...
You have the following financial information about Berkeley Automobile Compa information to answer the following questions 2019 Berkeley Automobile Company Inc. (000's) 2018 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400...
Berkeley Automobile Company Inc. (000's) 2018 2019 Sales $ 10,500 $ 16,000 Net Fixed Assets $ 9,800 $ 9,650 Inventory $ 3,100 $ 4,510 Cost of Goods Sold $ 6,900 $ 9,242 Interest theatino $ 300 $ 375 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 360 Accounts Receivable $ 1,600 $ 4,900 Accounts Payable $ 2,400 $ 3,600 Long-Term Debt $ 3,500 $ 4,120 Tax Rate 34% 34% Dividends $ 824...
Please show the work! Thank you.
Please use the following information (below) to create a
financial statements such as a balance sheet, income, cash flow,
etc.
Required information [The following information applies to the questions displayed below] Sage Inc. experienced the following transactions for 2018, its first year of operations: 1. Issued common stock for $110,000 cash 2. Purchased $185,000 of merchandise on account. 3. Sold merchandise that cost $162,000 for $322,000 on account 4. Collected $286,000 cash from accounts...
Use the balance sheets and
information provided about revenue and expenses to answer the
question. Stuart Company Balance Sheet As of December 31, 2018
(amounts in thousands) Cash 84,000 Accounts Payable 28,000 Accounts
Receivable 47,000 Debt 34,000 Inventory 42,000 Other Liabilities
9,000 Property Plant & Equipment, Gross 243,000 Total
Liabilities 71,000 Accumulated Depreciation 71,000 Paid-In Capital
67,000 Property Plant & Equipment, Net 172,000 Retained
Earnings 235,000 Other Assets 28,000 Total Equity 302,000 Total
Assets 373,000 Total Liabilities & Equity 373,000...
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following events in 2018, its first year of operations: 1. Received $15,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,300. 4. Collected $32,820 of the accounts receivable. 5. Recorded $5,250 of accrued salaries at the end of the year. 6. Paid a $1,300 cash dividend to the stockholders. Required a. Record the...
Required Information [The following information applies to the questions displayed below.] The following transactions apply to Jova Company for 2018, the first year of operation: 1. Issued $10,000 of common stock for cash. 2. Recognized $210.000 of service revenue earned on account. 3. Collected $162,000 from accounts receivable. 4. Paid operating expenses of $125,000. 5. Adjusted accounts to recognize uncollectible accounts expense. Jova uses the allowance method of accounting for uncollectible accounts and estimates that uncollectible accounts expense will be...
Use the above comparative balance sheet to answer the following
problem:
Sevignys Salon, Inc Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Cash Accounts Receivable Supplies S 18,059 S 1,700 170 4,900 (608) S 24,221 S 11,000 400 160 1,300 (99) 12,761 quipment (Less Accumulated Depreciation) Total Assets Liabilities Accounts Payable Notes Payable (long-term) 850 1,300 5,000 3,000 Stockholders' equity Common Stock Retained Earnings Total Liabilities and Stockholders' Equity 4,893 15,478 S 24,221 S 893 5.568 12,761...
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