Entries by Hannah Wangui

Question . Copper, Inc. initially issued 100,000 shares of $1 par value stock for $500,000 in 2013. In 2015, the company repurchased 10,000 shares for $100,000. In 2016, 5,000 of the repurchased shares were resold for $80,000. In its balance sheet dated December 31, 2016, Copper, Inc.’s Treasury Stock account shows a balance of: A. $0 B. $20,000 C. $100,000 D. $50,000

August 13, 2019 in /by

Question . Copper, Inc. initially issued 100,000 shares of $1 par value stock for$500,000 in 2013. In 2015, the company repurchased 10,000 shares for $100,000. In 2016, 5,000 of the repurchased shares were resold for $80,000. In its balance sheet dated December 31, 2016, Copper, Inc.’s Treasury Stock account shows a balance of: A. $0 […]

 

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Question . RBC began 2016 with $100,000 Shareholders’ Equity. During 2016 RBC (1) Issued 10,000 shares of $5 par common stock at $7 per share; (2) Issued 20,000 additional shares of $5 par common stock at $8 per share; (3) Realized Net Income of $100,000; (4) Declared dividends of $50,000 on the common stock, to be paid in 2017; (5) Purchased 3,000 shares of treasury stock at $10 (from the first 10,000 issued). What is Shareholders’ Equity at the end of 2016? A. $250,000. B. $350,000. C. $370,000. D. $400,000.. During 2016 RBC (1) Issued 10,000 shares of $5 par common stock at $7 per share; (2) Issued 20,000 additional shares of $5 par common stock at $8 per share; (3) Realized Net Income of $100,000; (4) Declared dividends of $50,000 on the common stock, to be paid in 2017; (5) Purchased 3,000 shares of treasury stock at $10 (from the first 10,000 issued). What is Shareholders’ Equity at the end of 2016? A. $250,000. B. $350,000. C. $370,000. D. $400,000.

August 13, 2019 in /by

Question . RBC began 2016 with $100,000 Shareholders’ Equity. During 2016 RBC(1) Issued 10,000 shares of $5 par common stock at $7 per share; (2) Issued 20,000 additional shares of $5 par common stock at $8 per share; (3) Realized Net Income of $100,000; (4) Declared dividends of $50,000 on the common stock, to be […]

 

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1.Our company sells a product for $120 per unit. Variable costs are $90 per unit and fixed costs are $4,000. The company expects to sell 200 units this year. What is the contribution margin per unit? a.$10 b.$25 c.$30 d.$75 2.Our company sells a product for $150 per unit. Variable costs are $90 per unit and fixed costs are $18,000. The company expects to sell 800 units this year. How many units must we sell to break even? a.300 b.320 c.360 d.400

August 13, 2019 in /by

1.Our company sells a product for $120 per unit. Variable costs are $90 per unit and fixed costs are $4,000. The company expects to sell 200 units this year. What is the contribution margin per unit? a.$10 b.$25 c.$30 d.$75 2.Our company sells a product for $150 per unit. Variable costs are $90 per unit […]

 

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The following information is available for our company for the current year: operating income, $45,000; average total assets, $400,000; net sales, $900,000; and required rate of return, 12%. what is the minimum acceptable operating income. A.($3,000) B. $3,000 c. $45,000 d. $48,000 2.what is the asset turnover to two decimal places. A. 2.25 times B. 4.44 times C. 5.00 times D. 8.89 times 3.what is the profit margin to two decimal places. A.4.44% B.5.00% C.8.89% D.11.25% 4.The following information is available for our company for the current year: operating income, $75,000; average total assets, $500,000; net sales, $750,000; and required rate of return, 12%. what is the return on investment (ROI) rounded to two decimal places. A.6.67% B.10.00% C.15.00% D.16.67%

August 13, 2019 in /by

The following information is available for our company for the current year:operating income, $45,000; average total assets, $400,000; net sales, $900,000; and required rate of return, 12%. what is the minimum acceptable operating income. A.($3,000) B. $3,000 c. $45,000 d. $48,000 2.what is the asset turnover to two decimal places. A. 2.25 times B. 4.44 times […]

 

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