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If Martinelli Corporation realizes a gain of $81,000 on a

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Question If Martinelli Corporation realizes a gain of $81,000 on a cash sale of equipment having a book value of $600,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows isA.$519,000.B.$81,000.C.$681,000.D.$600,000.

Fanning Company has an opportunity to purchase a forklift to

Question Fanning Company has an opportunity to purchase a forklift to use in its heavy equipment rental business. The forklift would be leased on an annual basis during its first two years of operation. Thereafter, it would be leased to the general public on demand. Fanning would sell it at the end of the fifth year of its useful life. The expected cash inflows and outflows follow. Year Nature of Item Cash Inflow  Cash Outflow 2018 Purchase price     $84,000 2018 Revenue $32,500     2019 Revenue  32,500     2020 Revenue  27,500     2020 Major overhaul      8,500 2021 Revenue  18,500     2022 Revenue  16,500     2022 Salvage value  7,300      Requireda.

Assume that the following data relative to Kane Company for

Question Assume that the following data relative to Kane Company for 2018 is available:Net Income$2,790,000Transactions in Common Shares Change CumulativeJan. 1, 2018, Beginning number 710,000Mar. 1, 2018, Purchase of treasury shares (65,400) 644,600June 1, 2018, Stock split 2-1 644,600  1,289,200Nov. 1, 2018, Issuance of shares 258,000  1,547,2006% Cumulative Convertible Preferred StockSold at par, convertible into 220,000 shares of common (adjusted for split). $1,100,000Stock OptionsExercisable at the option price of $25 per share. Average market price in 2018, $30 (market price and option price adjusted for split). 84,000 shares Q: Compute weighted average shares outstanding for 2018. Weighted average shares outstanding: ?Q2: Compute the basic earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share: ?Q3: Compute the diluted earnings per share for 2018. (Round answer to 2 decimal places, e.g. 52.75.) Diluted earnings per share: ?

a. Use data from the companies’ balance sheets and income

Question a. Use data from the companies’ balance sheets and income statements to complete the following table.$ millionsPfizerMerckTotal assets$$RevenueNet incomeb. Compute the ROA and the components for profit margin and asset turnover for each company.Round answers to two decimal places (example: 0.12345 = 12.35%).To simplify computations, use year-end balance for total assets to compute ratios.PfizerMerckReturn on assets (ROA)%%Profit margin (PM)%%Asset turnover (AT)View comments (1) 

If revenue is the amount of money a company brings

Question If revenue is the amount of money a company brings in. Is it possible for a company to have revenue but no money?Why or why not?

This question was created from ACC 202 Final Project Guidelines

Question This question was created from ACC 202 Final Project Guidelines and Rubric.pdf https://www..com/file/33226909/ACC-202-Final-Project-Guidelines-and-Rubricpdf/ Please explain what I need to have in my purpose slide for my presentation ATTACHMENT PREVIEW Download attachment 33226909-337534.jpeg Explain for your investors the purpose of the presentation. What do you plan to communicate, and why should your investors pay attention? It

What is the top 5 things you would pick off

Question What is the top 5 things you would pick off an income statement to make an informed decision. And why?

Denson, Inc. has 10,000 shares of 5%, $100 par value,

Question Denson, Inc. has 10,000 shares of 5%, $100 par value, non-cumulative preferred stock and 40,000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $120,000 dividend in 2020. What is the amount of dividends received by the common stockholders in 2020?A.$70,000.B.$0.C.$120,000.D.$50,000.Herman Corporation had net income of $100,000 and paid dividends of $25,000 to common stockholders and $20,000 to preferred stockholders in 2020. Herman Corporation’s common stockholders’ equity at the beginning and end of 2020 was $450,000 and $550,000, respectively. Herman Corporation’s payout ratio for 2020 isA.45%.B.20%.C.5%.D.25%.Restricted retained earnings are available for preferred stock dividends but unavailable for common stock dividends. True FalseThe tax laws can be a significant disadvantage of the corporate form of business. True FalseThe acquisition of treasury stock by a corporation increases total assets and total stockholders’ equity. True FalseAll of the following are normally found in a corporation’s stockholders’ equity section exceptA.paid-in capital.B.dividends in arrears.C.common stock.D.retained earnings.Which of the following statements is true regarding corporate performance ratios?A.A high payout ratio may indicate that a company is retaining earnings for future growth investments.B.As a company grows larger, it is easy to sustain a high return on common stockholder’s equity.C.Return on common stockholder’s equity is often higher under bond financing rather than common stock financing.D.Low growth rates are characterized by low payout ratios.Dividends may be declared and paid in cash or stock. True FalseA stock dividend is a pro rata distribution of cash to a corporation’s stockholders. True False

I am having trouble with this problem can you please

Question I am having trouble with this problem can you please help me?You are told the column totals in a trial balance are not equal. After careful analysis, you discover only one error. Specifically, a correctly journalized credit purchase of an automobile for $10,250 is posted from the journal to the ledger with an $10,250 debit to Automobiles and another $10,250 debit to Accounts Payable. The Automobiles account has a debit balance of $24,292 on the trial balance. Answer each of the following questions and compute the dollar amount of any misstatement.

A corporation can be organized for the purpose of making

Question A corporation can be organized for the purpose of making a profit or it may be nonprofit. True FalseTreasury Stock is a(n)A.contra asset account.B.asset account..retained earnings account.D.contra stockholders’ equity account.Under the corporate form of business organizationA.stockholders’ acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation.B.a stockholder is personally liable for the debts of the corporation.C.stockholders wishing to sell their corporation shares must get the approval of other stockholders.D.the corporation’s life is stipulated in its charter.Paid-in capital in excess of stated value would appear on a balance sheet under the categoryA.capital stock.B.additional paid-in capital.C.retained earnings.D.contra to stockholders’ equity.John Jones Company has 20,000 shares of $100 par value common stock. Assuming that the proper journal entry was made to record a 5% common stock dividend on the declaration date when the market value of the stock was $135, which of the following accounts would be debited when the stock dividend is distributed?A.Common Stock Dividends Distributable.B.Retained Earnings.C.Paid-in Capital in Excess of Par Value.D.Dividends Payable.Which one of the following events would not require a journal entry on a corporation’s books?A.$1 per share cash dividend.B.2-for-1 stock split.C.100% stock dividend.D.2% stock dividend.If a stockholder cannot attend a stockholders’ meeting, he may delegate his voting rights by means of a(n)A.proxy.B.telegram.C.absentee ballot.D.certified letter.Treasury stock is reported as an asset on the balance sheet because treasury stock may later be resold. True FalseLa Vida Corporation issued 24,000 shares of no-par value ordinary shares for €29.50 per share. Which of the following statements is true?A.The Cash account will increase by €24,000.B.Share Premium-Ordinary account will increase by €276,000.C.Share Capital-Ordinary account will increase by €708,000.D.Retained Earnings account will increase by €684,000.

The purpose of this assignment is to develop written communication

Question The purpose of this assignment is to develop written communication skills to support managerial decision making. Students will use and interpret accounting data to support their decisions. Students must document their rationale for making each decision by referencing the appropriate facts and figures involved in this case.  Attachment 1 Attachment 2 Attachment 3 Attachment 4 Attachment 5 ATTACHMENT PREVIEW Download attachment 1.png ACC 202 Written Communication Assignment Overview: The purpose of this assignment is to develop written communication skills to support managerial decision making. Students will use and interpret accounting data to support their decisions. Students must document their rationale for making each decision by referencing the appropriate facts and figures involved in this case. Grading: This assignment is worth 25 points and grading will be based on determining the right answer for each question and documenting the explanation in a very clear and concise writing style. Grammar will be assessed and graded and typographical errors will be penalized. Please see grading rubric at the end of the document. This rubric is required by the Lee Business School. Please have a classmate or friend proof-read your document. Please type your responses in Word Case: The Dial Company specializes in producing a set of wood patio furniture consisting of a table and four chairs. The set enjoys great popularity, and the company has ample orders to keep production going at its full capacity of 3,000 sets per year. Annual cost data at full capacity follow: Direct labor . . . . $118,000 Advertising . . . . . $50,000 Factory supervision . . . . . . . $40,000 Property taxes, factory building $3,500 Sales commissions . . $80,000 Insurance, factory . . . .. . $2,500 Depreciation, administrative office equipment . . . . . $4,000 Lease cost, factory equipment $12,000 Indirect materials, factory . . .. $6,000 Depreciation, factory building….. .. . . . . . $10,000 Administrative office supplies (billing) . . . $3,000 Administrative office salaries . . . . . . . . . $60,000 Direct materials used (wood, bolts, etc.) $94,000 Utilities, factory….. . . . . . .. . $20,000 The patio sets are normally sold for $120 per set. Dial can increase capacity by 1,000 unitsRead more ATTACHMENT PREVIEW Download attachment 2.png The patio sets are normally sold for $120 per set. Dial can increase capacity by 1,000 units but must pay $25,000 to do so. Annual cost data for the production of 3,000 sets are classified as follows: Selling or Cost Behaviour Administrative Product Cast Cast Nem Variable Cost Diner Direct labor. 5118,000 5118,000 Advertising $50,000 $50,000 Factory supervision 40.000 $40,000 Property taxes, factory building 3.500 3,500 Sales commissions. 80.DO0 Insurance, factory 1500 2,50 Depreciation, administrative office equipment 41000 4.000 Lease cost, factory equipment 12 000 12,000 Indirect materials, factory 6.000 6,000 Depreciation, factory building 10.000 Administrative office supplies 3.000 3,000 Administrative office salaries 50.000 60.DO0 Direct materials used 94.000 94,000 Utilities, factory 201000 20,000 Total costs.. $197.000 $212.000 594,000Read more ATTACHMENT PREVIEW Download attachment 3.png For the following questions, please use the information on pages I and 2 to help support your decisions. Please document your answer in a clear, concise way and reference any numbers that were used to make your decision. Each question is independent and refers to the original data unless specified otherwise. For each question, please use up to 100 words. 1) Assume demand for 2020 is 2,000 units, what would be the minimum price that you would charge if you wanted to make a profit. Why is this the correct price? Please explain your calculations. 2) If demand for 2020 is instead 3,500 units should the company pay to increase their capacity? Why? Please explain your calculations. Assume units are sold at the normal price. 3) Assume demand is 2,990 units for 2020. If the company receives a special order for the next 10 units at $100 per set ($1,000 in total), would you accept this order? Why? Assume there is no better offer for the last ten units. 4) Assume demand can be 4,000 units in 2020 if the company pays to increase their capacity and if the company does additional online advertising that would cost $10,000. Assume the normal selling price of $120 per set. Would you advise the company to pay to increase capacity and pay for the additional online advertising? Why? Please explain your calculations. 5) Assume demand for 2020 is 3,100 units and you have decided that it is not worth it for Dial to expand production capacity. A competitor says that her company can supply you with 100 units for $10,000 and Dial can sell these units at the normal price. Will you advise Dial to take the offer and how does this compare to your own costs of making 100 additional units (do not consider the capacity expansion costs)? ATTACHMENT PREVIEW Download attachment 4.png Lee Business School Writing Assessment Rubric Performance Criteria Exceeds Expectations A Grade Meets Expectations B-C Grade Below Expectations D or F Grade 1. Content * Accomplished purpose of Accomplished purpose of * Accomplished purpose of assignment directly and assignment in a capable manner assignment only partially or completely in an exceptional . Major topics covered but indirectly manner supporting details somewhat Little or no supporting data or All major topics thoroughly lacking in specificity, accuracy, or data presented was not relevant, supported by specific, accurate, relevance specific, or accurate relevant data 2. Organization . Exceptionally clear sense of unity . Adequate sense of unity and . Lacked sense of unity and order, and order, logical transitions, order, most transitions effective, ineffective/lack of transitions, highly effective opening and clear opening and closing ineffective opening and closing closing 3. Style Used smooth, clear, readable . Used smooth, clear readable Lacked smooth, clear, readable (clarity

HOw do you calculate Equity, December 31, 2018 when you

Question HOw do you calculate Equity, December 31, 2018 when you have Add: Stock issuance of $6,500, but do not have net income. I also have Less: cash dividends of $11,000 with Equity, December 31, 2019 of $26, 082. Thank you for your help

Tsang Corporation operates in a state with no sales tax.

Question Tsang Corporation operates in a state with no sales tax. The company uses the perpetual inventory system. DATE TRANSACTIONS2019  June5 Sold merchandise on account to Benson Company; issued Sales Slip 1200 for $1,045, terms n/30. The cost of the merchandise sold was $725. 15 Recorded cash sales, $2,080. The cost of merchandise sold was $1,498. 30 Received payment on account due from Benson Company for the sale on June 5.Record these transactions in a general journal.

This question was created from BUS-FP4061_Washington-Pierce, Bianca_Assessment10-1.xlsx https://www.coursehero.com/file/26622325/BUS-FP4061-Washington-Pierce-Bianca-Assessment10-1xlsx/ What is

Question This question was created from BUS-FP4061_Washington-Pierce, Bianca_Assessment10-1.xlsx https://www..com/file/26622325/BUS-FP4061-Washington-Pierce-Bianca-Assessment10-1xlsx/ What is considered current assets besides cash, AR, inventory, short term investments? ATTACHMENT PREVIEW Download attachment 26622325-337542.jpeg

What is the net margin for Palomar Health in its

Question What is the net margin for Palomar Health in its 2015 annual report? Explain your answer.What is the operating margin for Palomar Health in its 2015 annual report? Explain your answer.

You, as the Financial Manager, have been assigned to assess

Question You, as the Financial Manager, have been assigned to assess the financial performance of ABC Company and have been given the following information for 2016 to 2018.As you go through your analysis, please make sure to address the following questions.What is the overall financial health of the company?What recommendations would you have based on these ratios?How liquid is the business?What is their debt structure? Mostly equity or debt?Are they efficient in their operations?What does profitability look like for the business?Are there any red flags?Is the business sustainable?Where can the business improve?Where are their strengths and weaknesses? ATTACHMENT PREVIEW Download attachment week4.PNG

we assumed that a firm would recover all of the

Question we assumed that a firm would recover all of the working capital it invested in a project. Is this a reasonable assumption? When might it be not valid?

You decide to buy a house with price of $500,000.

Question You decide to buy a house with price of $500,000. You put 20% down payment and consider a 15-year fixed rate mortgage to pay the remaining balance. The lender offers you three choices of the mortgage with monthly payments: Problem 4 Table Choice Rate Points a 7.00% 0.00 b 6.65% 0.30 c 6.50% 5.00     Suppose that the origination cost is $8,000.   Questions  

Mahmet earned wages of $118,700 during 2016. He is single

Question Mahmet earned wages of $118,700 during 2016. He is single and claims two withholding allowances. How much will Mahmet’s employer withhold in social security taxes for the year? (Round your answer to 2 decimal places.)

Damian is age 77. He purchased a single life annuity

Question Damian is age 77. He purchased a single life annuity contract that will pay him $6,000 per month for life. The expected return on the contract is:

Colie Company had an increase in inventory of $120,000. The

Question Colie Company had an increase in inventory of $120,000. The cost of goods sold was $560,000. There was a $30,000 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Colie’s cash payments to suppliers?A.$650,000.B.$380,000.C.$440,000.D.$710,000.

The post If Martinelli Corporation realizes a gain of $81,000 on a appeared first on Smashing Essays.

 
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