4. Norton Co., a U.S. corporation, sold inventory on December 1, 2011, with payment of 10,000 British pounds to be received in sixty days. The pertinent exchange rates were as follows: What amount of foreign exchange gain or loss should be recorded on January 30? A. $1,516 gain.
income statement and balance sheets in the common size format many trends can be associated with and analyzed with their current situation. As a whole on their income statement operating expenses are increasing while net income available to stockholders is decreasing as a percentage of total sales. In 2006, 3.63% of their sales were available to stockholders, while in 2008 only 1.44% of net income was available to shareholders. Some of the major factors affecting Whole Foods, Inc. income statement include an increase in research and development by 1.31% over a two year period ending September 28, 2008. They also faced increased operational expenses of selling, general, and administrative costs by 0.49%.
Case Study Decision case 13-5: Acquisition Case GB518 Financial Accounting Principles and Analysis 1. To determine the liquidity of Heavy Duty Tractors the following measures were used. * The working capital was calculated by subtracting current liabilities from current assets. Working capital 2007: $215,180,000 - $126,250,000 = $88,930,000 Working capital 2008: $324,120,000 - $162,300,000 = $161,820,000 From this, we can see between the two years the working capital almost doubled between 2007 and 2008. * The current ratio = Current asset/Current liabilities Current ratio 2007 = $215,180/$126,250 =1.70 to 1 Current ratio 2008 = $324,120/$162,300 = 2.00 to 1 Between the years of 2007 and 2008, the current ratio increased.
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%.
What was the 2010 earnings per share? (Points : 3) $4.66 $0.20 $66.67 $5.00 Question 10. 10. (TCO B) At December 31, 2010, Shorts Company had retained earnings of $2,184,000. During 2010 they issued stock for $98,000, and paid dividends of $34,000.
On January 1, 2010, Roberto Company adopts a compensatory stock option plan and grants 40 executives 1,000 shares each at $30 a share. The fair value per option is $7 on the grant date. The company estimates that its annual employee turnover rate during the service period of three years will be 4%. However, at the end of 2011, the company estimates that the employee turnover will be 5% a year for the entire service period. The compensation expense for 2011 will be (Round off turnover calculations to three decimal places and answer to the nearest dollar.)
At the end of 2010, current liabilities were $1 million, consisting of $250,000 of accounts payable, $500,000 of note payable, and $250,000 of accruals. The after tax profit margin is forecasted to be 5%, and the forecasted payout ratio is 70%. Use the AFN equation to forecast Baxter’s additional funds needed for the coming year. AFN = (Ao*/S0)∆S - (Lo*/S0)∆S - (M)(S1)(1 –POR) = $1,000,000 – $1,000,000 – 0.05($6,000,000)(1 – 0.7) = (0.6)($1,000,000) - (0.1)($1,000,000) - (0.05)($6,000,000)(0.3) = $600,000 - $100,000 - $90,000 = $410,000 Chapter 13: Corporate Valuation, Value-Based Management, and Corporate Governance Problem 13-2: Value of Operations of Constant Growth Firm. EMC Corporation has never paid a dividend.
Nikko Corp's total common equity at the end of last year was $305,000 and its net income after taxes was $60,000. What was its ROE(Return on Equity)? (Points : 6) 16.87% 17.75% 18.69% 19.67% 20.66% Formula used in Return on Equity calculation is: 3. You have a chance to buy an annuity that pays $1,000 at the end of each year for three years. You could earn 5.5% on your money in other investments with equal risk.
* 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
3. Question : (TCO 1) The financial statement that summarizes the changes in retained earnings for a specific period of time is the _____. 4. Question : (TCO 1) Pinson Company began the year with retained earnings of $210,000. During the year, the company recorded revenues of $300,000, expenses of $228,000, and paid dividends of $24,000.