arious options are provided as possible answers to the following questions. Choose the answer and write only the letter (A–D) next to the question number Return on owners’ equity is equal to: A. 17.31 B. 17.31 : 1 C. 17.31% D. 17.31 times
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Various options are provided as possible answers to the following questions.
Choose the answer and write only the letter (A–D) next to the question number
Return on owners’ equity is equal to:
A. 17.31
B. 17.31 : 1
C. 17.31%
D. 17.31 times
Step by step
Solved in 2 steps
- how.do.we.get.the.wt.of.equity.to.be.75Question 42 Based on the following adjusted trial balance of Lyndon Company on December 31, 200C, the end of the accounting period P 67,075 70,000 176,500 Cash Note Recervable Accounts Receivable Allowance for Bad Debts Merchandise Inventory, Jan. 1 Furmiture & Fixtures 5,400 60,900 34,100 Accumulated Depreciation - Furm. & Fixt. Office Equipment Accumulated Depreciation - Office Eapms Note Payable Accounts Payable Leonard Captal Leonard Drawing 3,100 15,500 1,500 20,000 94,750 265,000 9,500 Sales 572,875 Sales Returns Sales Discount 11,000 6,400 390,750 5,415 Purchases Freight in Parchase Returns Purchase discount Salaries Expense Rent Expense Insurance expense Office supplies expense 3,630 6,885 99 550 24,000 5,250 2,200 Rental Income 5,000 Additional informanion: Merchandise Inventory, December 31, P 76,000The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation: $ 42,000 37,500 89,500 79,500 69,500 Cash 24 49,000 Liabilities Drysdale, loan Drysdale, capital (50%) Koufax, capital (30%) Marichal, capital (20%) Noncash assets 269,000 a-1. Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2. a-2. Liquidation expenses are estimated to be $28,000. Prepare a predistribution schedule to guide the distribution of cash. Further, modify the tags in explanation as well. b. Assume that assets costing $87,000 are sold for $66,500. How is the available cash to be divided? Complete this question by entering your answers in the tabs below. Req Req Req B Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2. Loss…
- Which of the following is correct? Assets, Liabilities, Capital, a. P7,850, P1,250, P6,600 b. P8,200, P2,800, P11,000 c. P9,550, P1,150, P8,200 d. P5,420, P6,540, P1,120 Select your answer. Option C Option D Option B Option AIf the payout ratio is 0.40 and dividends are 40 , then net income is Select one: a. 80 b. 100 c. 120 d. 160For each independent situation below, calculate the missing values for owners equity
- Q43 The owner of the consignment stock is called______. Select one: a. debtor b. consignor c. agent d. consigneePlease answer with reason for all why the option is correct and why the other options are incorrect 51. Stock of a Trading concern consists of A.Merchandise inventory B.Raw material c.Work in progress D.All of the aboveO earch Which of the following statements is true? 1. The formula for the return on equity is: Return on equity = Net Income + Average total stockholders' equity. 1. When computing the return on equity, retained earnings should be excluded from the average total stockholders' equity. Multiple Choice Both statements are true. O Only statement II is true. О Neither statement is true. О Only statement I is true. 200m 70 P
- Equity method: Beginning investment + (Ownership percentage x Investee net income) - _________ = Ending Investment Question 1 options: Common Stock Stockholder's Equity Cash DividendsChoose the letter of the correct answer: 1. In which of the following situations would an investor likely account for stock ownership in an investee using the equity method? A. The investor and the investee have many transactions with each other B. The investor owns 15 percent of the investee’s stock C. The investor and investee reside in close proximity to each other D. The investor has significant influence over the investee’s management policies 2. When the cost model/method is used to account for an investment, which of the following would not result in an adjustment to the amount recorded in the investment account? A. The investee declares a regular dividend B. The investor sells some of the stock C. The investee declares a liquidating dividend D. The stock’s market value decreases to a point where is it below the investor’s costBrian, the owner of a local poster shop, comes to you for help. "We've only been breaking even the past two years, and I'm getting very frustrated! I don't know what to do because I feel like I've already tried to improve our processes as much as possible, but we still haven't been able to generate a profit. Do you have any suggestions as to how we can turn things around? I just don't think we can even consider moving forward with this business unless we can earn $11,000 in operating income next year. Even then, we'll have to think long and hard about what the future holds." Brian shares the following information with you, as you ponder different scenarios to help your friend. Selling price Cost for paper, per unit Cost for printing, per unit Cost for film, per unit Staff salaries Other operating costs 1. 2. 3. $6.60 0.80 After thinking about it for a while, you suggest the following possibilities to help him turn things around. 4. 0.85 0.55 45,000 11,320 Lower the selling price by 10%…