The comparative balance sheets of Grouper Corporation at the beginning and end of the year 2020 appear below. GROUPER CORPORATION BALANCE SHEETS Dec. 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash $21,030 $14,120 $6,910 Inc. Accounts receivable 107,030 89,120 17,910 Inc. Equipment 40,030 23,120 16,910 Inc. Less: Accumulated Depreciation-Equipment (17,000 ) (11,000 ) 6,000 Inc. Total $151,090 $115,360 Liabilities and...
The following is the ending balances of accounts at December 31, 2018 for the Vosburgh Electronics Corporation. Cash 71,000 186,000 127,000 37,000 217,000 42,000 18,000 282,000 ,570,000 639,000 154,000 42,000 260,000 14,000 Short-term inveatmenta Accounta receivable Long-term investment Inventorien Loans to employeen Prepaid expenses (for 2019) Land Building Machinery and equipment Patent Pranchise Note receivable Interest receivable Accumulated depreciation-building Accumulated...
In regards to my take on CEO compensation, I believe if you are the founder of a company and you took on the risk with your capital and hard work, you deserve to be richly rewarded. These people include Bill Gates, Steve jobs, Warren Buffet, the Google boys, and other entrepreneurs. Remember, they invented their product and worked to create...
Primus, Inc., owns all outstanding stock of Sonston, Inc. For the current year, Primus reports net income (exclusive of any investment income) of $624,000. Primus has 50,000 shares of common stock outstanding. Sonston reports net income of $224,000 for the E period with 50,000 shares of common stock outstanding. Sonston also has 10,000 stock warrants outstanding that allow the holder...
18. You want to earn a return of 10% on cach of two stocks, A and B. Each of the stocks is expected to pay a dividend of $4 in the upcoming year. The expected growth rate of dividends is 6% for stock A and 5% for stock B A. (4 points) Using the constant-growth DDM, what are the intrinsic...
can I see this journalized?
The stockholders' equity accounts of Indigo Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative. 4,000 shares authorized) $240,000 Common Stock (55 stated value, 326,000 shares authorized 1,358,333 Paid-in Capital in Excess of Par Value-Preferred Stock 12,000 Paid in Capital in Excess of Stated Value-Common Stock 521.600 Retained Earnings 711,000...
Options
1) is more than; equals; is less than
2 and 3) Overvalued; in equilibrium; undervalued
6. The Capital Asset Pricing Model and the security market line Wilson holds a portfolio that invests equally in three stocks (WA = WB = wc = 1/3). Each stock is described in the Stock Beta 0.5 1.0 2.0 Standard Deviation 23% 38% 45%...
Your Company's balance sheet reported $95,000 of common stock and retained earnings of $30,000 on January 1, 2019. Retained Earnings on the December 31, 2019 balance sheet was $100,000 and the company paid a $15,000 dividend during the year. How much was net income for 2019?
Suppose you are thinking of purchasing the stock of TTYL Widget, Inc. You expect it to pay a $3.00 dividend in one year. You believe you can sell the stock for $21.00 at that time. You require a return of 15% on investments of this risk. What is the maximum you would be willing to pay? Suppose you are thinking of purchasing the stock...
On December 31, 2020. Carla Inc has a machine with a book value of $1.109.200. The original cost and related accumulated depreciation at this date are as follows Machine Less: Accumulated depreciation Book value $1,534,000 424,800 $1.109.200 Depreciation is computed at $70.800 per year on a straight-line basis Presented below is a set of independent situations. For each independent situation,...