* What are the company’s net revenues for the last three annual reporting periods? * * The company’s net revenue for the last 3 annual reporting is $9,645,000 for 2012, $9,151,000 for 2011 and $9,099,000. * What is the change in dollars in the company’s net income from its most recent annual reporting period to the previous annual reporting period? * * The change of $494,000 which was an increase from the previous annual reporting. Nike Inc. (NKE) -NYSE 59.53 5.93(11.06%) Mar 22, 4:01PM EDT|After Hours : 59.55 0.02
B. C. D. 2 4. A summary of Max Company’s December 31, 2009, accounts receivable aging schedule is presented below: Age Group 0 - 60 days 61 - 90 days 91 - 120 days over 120 days Amount $60,000 22,000 3,000 1,000 Estimated Percentage Uncollectible 0.5% 1% 10% 50% On January 1, 2009, the allowance for uncollectible accounts had a credit balance of $1,000. During 2009, $950 of accounts receivable were written off as uncollectible. What is Max Company’s uncollectible accounts expense for 2009? A.
If a company pays out dividends, it may reduce their capability to pay their liabilities. The first entry is the retained earnings from the previous financial period. The next entry is the net income from the income statement. If dividends were paid to shareholders, the amount would be deducted from the sum of previous retained earnings and the net income. The result would be the retained earnings from the current financial period.
(b) How much working capital did each of these companies have at the end of 2011? What causes this difference? Working capital = current assets – current liabilities. The book’s companion website does not provide all of the balance sheet information for Coca-Cola, so the following information is from the Coca-Cola’s annual report found on their website. At the end of 2011, PepsiCo’s working capital was ($713) million, while Coca-Cola’s working capital was $1,214 million.
Prepare a partial income statement for Stacy beginning with income before income taxes. The corporation had 4,954,000 shares of common stock outstanding during 2014. Brief Exercise 4-7 Your answer is correct. Vandross Company has recorded bad debt expense in the past at a rate of 1.5% of net sales. In 2014, Vandross decides to increase its estimate to 2%.
The Rule of 78s is computed on a sum-of-the-payment-periods digits basis. On a one-year loan with monthly payments, for example, the sum of the digits I through 12 is 78. DAVIDSON, SCINDLEt, STICKNEY & WELLS, supra, at 47. The following is an interest calculation under the Rule of 78s: a borrower takes out a 30-year loan, with annual interest payments calculated under tile Rule of 78s. To determine what part of each payment will constitute interest, the total amount of the interest will be multiplied by a fraction.
Financial Reporting Problem - Part II ACC/290 Abstract This week’s essay is a continuation of last week’s topic: Financial Reporting of Wal-Mart Corporation. The topics covered will analyze the information contained in Wal-Mart’s balance sheet and income statement and discuss Wal-Mart’s assets listed under the company’s current assets list and whether or not they them in the proper order. Also covered is how these assets get classified. Breaking down these documents into the cash equivalents, the company’s total current liabilities at the end of its most recent annual reporting period compared to their total current liabilities at the end of the previous annual reporting period. By placing further consideration on