Current Attempt in ProgressKingbird Co. invested $990,000 in Oriole Co. for 25% of its outstanding stock. Oriole Co. pays out 40% of net income in dividends eachyear.Use the information in the following T-account for the investment in Oriole to answer the following questions.Investment in Oriole Co.990,000117,000(a) How much was Kingbird Co.'s share of Oriole Co's net income for the year?Net income46,800(b) What was Oriole Co's total net income for the year?Total net income $(c) What was Oriole Co's total dividends for the year?Total Dividends $(d) How much was Kingbird Co's share of Oriole Co's dividends for the year?Dividends $

The income share increases the investment balance. The dividend share decreases the investment…

Answered: Current Attempt in Progress Kingbird…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Financial data for Joel de Paris, Incorporated, for last year follow: Joel de Paris, Incorporated Balance Sheet Assets Cash Accounts receivable Inventory Plant and equipment, nett Investment in Buisson, S.A. Land (undeveloped) Total assets Liabilities and Stockholders' Equity Accounts payable Long-term dept Stockholders' equity. Total liabilities and stockholders' equity Beginning Balance $ 126,000 341,000 577,000 856,000 404,000 249,000 $ 2,553,000 $ 381,000 1,043,000 1,129,000 $ 2,553,000 Ending Balance $ 130,000 477,000 478,000 855,000 431,000 252,000 $ 2,623,000 $ 344,000 1,043,000 1,236,000 $ 2,623,000
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Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million If ECE's net profit margin is 8% , then ECE's return on equity (ROE) is: A) 10% B) 12% C) 24% D) 30%
A company has the following: 1,000,000 shares outstanding A current stock price of $25 $750,000 in net income for the most recent year A P/E ratio of 33.3 $4,000,000 of excess cash The company anticipates constant performance in the upcoming year (that is, same net income and constant P/E). It is contemplating issuing a one-time dividend for the full amount of the excess cash OR buying back 125,000 shares of stock at a premium price of $28 per share. You own 1,000 shares. Which of the 2 options provides the best shareholder return (provide the math support)?
. Return on assets enter the return on assets in percentages rounded to 2 decimal places % enter the return on assets in percentages rounded to 2 decimal places % 15 continue.. Headland Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Headland and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10, 2021, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $35,320 notes, which are due on June 30, 2021, and September 30, 2021. Another note of $5,940 is due on March 31, 2022, but he expects no difficulty in paying this note on its due date. Brown explained that Headland’s cash flow problems are due primarily to the company’s desire to finance a $302,050 plant expansion over the next 2 fiscal years through internally generated funds.The commercial loan…
World-wide Financial Services, Inc. invested $21,000 to acquire 3,000 shares of Dawn Investments, Inc. on March 25. This investment represents less than 20% of the investee's voting stock. On May 15, World-wide Financial Services, Inc. sells 2,000 shares for $12,250. In the accounting equation on May 15, OA. total liabilities will decrease OB. total equity will decrease OC. total assets will remain unchanged OD. total assets will increase
7
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Statement of Retained Earnings In its most recent financial statements, Del-Castillo Inc. reported $50 million of net income and $930 million of retained earnings. The previous retained earnings were $890 million. How much in dividends did the firm pay to shareholders during the year? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.
The firm of Al Ain and Abu Dhabi purchased a share of LoLo.com common stock exactly one year ago for $45. During the past year the common stock paid an annual dividend of $2.40. Al Ain and Abu Dhabi firm sold the security today for $85. What is the rate of return the firm has earned? Select one: % b. 88.9% c.194,2%
calculate the enterprise value using following information: number of shares outstanding:25000 book value per share:$18 the price to book ratio: 4.0 excess cash in the company: $58000
H5. You are considering an investment in Roxie's Bed & Breakfast Corporation During the last year, the firm's income statement listed an addition to retained earnings of $4.8 million and common stock dividends of $2.2 million. Roxie's year-end balance sheet shows common stockholders' equity of $35 million with 10 million shares of common stock outstanding. The common stock's market price per share was $9.00. What are Roxie's Bed & Breakfast's earnings per share? Calculate the price-earnings ratio. Show proper step by step calculation

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