A. $16,500 B. $9,000 C. $25,500 D. $7,500 E. $50,000 Difficulty: Easy 2. Yaro Company owns 30% of the common stock of Dew Co. and uses the equity method to account for the investment. During 2008, Dew reported income of $250,000 and paid dividends of $80,000.
Home Depot reported its AS&RE liability in fiscal year 2010 ending at $1,263,000 dollars and OAE liability ending fiscal year reported $1,589,000. The subsequent year AS&RE fiscal year ending reported $1,290,000 and the OAE listed it fiscal year endings at $$1,515,000. The AS&RE liability increased by $27,000 from 2010 to 2011 this is a direct reflection of Home Depot’s employment of over 300,000 associates worldwide. (Home Depot, 2011). Total Liabilities Home Depot reported its total liabilities for the ending fiscal year 2010 at $21,484,000, and the following year 2011 reported a fiscal year ending total of $21,236,000.
has doubled revenue and has grown diluted earnings per share at a compound rate of 15%. The company returned over $15 billion to shareholders through dividend payments and share repurchases. NIKE, Inc., forecasted to deliver $30 billion of revenue by the end of the 2015 fiscal year. Estimated to be at the top end of the $28 billion to $30 billion range to be shared for incentives (Investors, Nike 2014). In addition, the future value of revenue is $36 billion in revenue by the end of 2017 fiscal year.
According to Trends in College Spending, a study done by the delta cost project, "Enrollment in U.S. postsecondary institutions totaled almost 18.6 million students in the 2008 academic year, a nearly 26 percent increase over the ten-year period beginning in 1998." The increase in demand for a college education has directly influenced college costs. It's simple economics, when demand goes up the price of the product being demanded will increase. The power lies on the side of the universities to determine whether their prices will rise or fall. Schools know that the quickest way to an elightened future is through their doors.
The increase in the total liabilities was $ 15,427. This shows that the company increased its borrowing. For example, the accounts payable in the year 2008 were $4,185 while in 2009, they were $9,198. This shows that the hospital purchased more inventories on credit. The biggest portion of current liabilities in the year 2009 is long term debt’s current portion.
During 2011, Z-Mart made installments sales of $300,000 and received payments of $135,000 on those sales. Z-Mart's gross profit on sales is 30%. Required: Prepare the necessary journal entries for 2011. 10 Solutions Multiple Choice Question Number Answer 1 a 2 c 3 b 4 c 5 d 6 c 7 a
During 2010 they issued stock for $98,000, and paid dividends of $34,000. Net income for 2010 was $402,000. The retained earnings balance at the beginning of 2010 was: (Points : 3) $2,552,000 $1,816,000 $1,914,000 $2,454,000 Question 11. 11. (TCO D) Money collected from customers before the work is done is treated as (Points : 3) prepaid expenses.
Introduction to Executive Tools for Decision Making TUI Financial Accounting ACC201 Introduction to Executive Tools for Decision Making APPLE Inc. The total amount of cash available for Apple to pay their current debts is $123.55 billion dollars in favor of assets. I derived this from Apple’s Assets $207 billion and subtracted their liabilities, which was $83.45 billion. I believe that Apple is in good shape due to the total assets the company has received. $207 – 83.45 = 123.55 billion Apple is increasing its investment in operations every year.
According the U.S. census bureau, between 2005-2009 median earnings for individuals with a high school diploma was $27,272, while those with a bachelor’s degree earned $47,747 [Census, 2009]. Career choices available for those with a bachelor’s degree include software engineer, network systems analyst, graphic design, human resource management, financial advisor, and market research analyst among many others. Importantly, many of these same professions are available within most companies, so a person can presumably climb the corporate ladder
I chose this act, which was sponsored by Vermont congressman Justin S. Morrill, because not only was it key in paving the path for career and technical education in colleges on the state level, but its long-term success also led to the eventual inclusion of career and technical programs at the secondary level. The influence of the land-grant colleges on higher education