Lovelyn Co. paid one half of its earnings in dividends. Its earnings increased by 50% and the amount of its dividends increased by 40% in 2021. Lovelyn's dividend payout ratio for 2021 was ___?
Q: Exchange differences arising from the translation of financial statements of a foreign operation…
A: When company has subsidiary in the foreign country than the assets and liabilities are to be…
Q: 30) If no-par stock is issued without a stated value, then A) the par value is automatically $1 per…
A: There are no par value stock shares issued with no reference of a par value on the front of the firm…
Q: Dream Corporation is trying to improve its inventory control system and has installed an online…
A: As per Given Question, Ordering Cost = P4 per unit Carrying Cost = P1.008 per unit If Company…
Q: True or False: Borrowing and repaying debt principal does not impact net worth. Select one: True…
A: Introduction: The net value of a firm is the total of its assets minus its liabilities as stated on…
Q: An economic event or condition that directly changes the financial condition of the company or…
A: A company is a kind of business entity that runs its business operations in order to earn income.
Q: Which of the following types of messages might the Active Auditor display? Question 9 options:…
A: The auditor uses various tools to help in carrying out audit procedures. The active auditor display…
Q: xplain 3 reasons why a company should adapt environmental accounting in ther business
A: Introduction:- Environmental accounting is managing your environmental data, like material…
Q: Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30% the month after the…
A: Introduction:- 65% of the purchase is paid in the month of purchase, 30% in the month after…
Q: Marco is a medical doctor. Inday’s total gross receipts from year 2020 amounted to Php 4,250,000.00…
A: Income tax payable= taxable income * tax rate taxable income= Gross receipts+ Non operating income =…
Q: Miller Toy Company manufactures a plastic swimming pool at its Westwood Plant. The plant has been…
A: A variance occurs when there is difference between the actual cost and the cost which was planned.…
Q: ents of P1,300,000 beginning January 1, 2019. At the end of the lease term, December 31, 2023, the…
A: Finance lease liability will be the present value of annual lease payments and present value of…
Q: Show all the costs that would be classified as costs incurred during the research phase in terms of…
A: IAS - 38, Intangible assets state that the cost incurred for searching for a new or improved product…
Q: Explain the difference between statement of financial position and statement of comprehensive…
A: The statement of comprehensive income represents the entity's financial performance (profitability)…
Q: Concord, Inc., has 4000 shares of 5%, $100 par value, noncumulative preferred stock and 32000 shares…
A: The calculation of annual preferred dividend has been made as follows: Annual preferred…
Q: Bonita Corporation’s December 31, 2020 balance sheet showed the following: 9% preferred stock, $10…
A: Stockholders' equity represents the difference of total assets and total liabilities of the company.…
Q: What is the name of the accounting concept or principle that determines the amount initially entered…
A: Accounting for an entity is generally governed by various accounting concept that are generally…
Q: Lens Junction sells lenses for $44 each and is estimating sales of 15,000 units in January and…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Compute the common-size income statements for the 2017-2020 periods
A: Common size income statements is the income statement which is prepared by the company with the aim…
Q: Break-Even Sales Under Present and Proposed Conditions Howard Industries Inc., operating at full…
A: As per the guidelines, only three subparts are allowed to be solved. Please resubmit the question…
Q: 27) Under the corporate form of business organization, A) stockholders wishing to sell their…
A: Stockholders are holders of shares who are considered the owners of the shares of the company. They…
Q: (Hidden Goodwill) joseph, Marco and David were partners sharing profits in the ratio of 2:2: 1.…
A: 1. Total Amount Paid to Macro on retirement = $ 560,000 Capital after all adjustments except…
Q: On January 1, 2020, ABC Company leased a machinery with the following information: Annual rental…
A: Annual rental payable at the end of each year: 1,000,000 Residual value guarantee: 500,000 Payment…
Q: Bonita Manufacturing Corporation purchased 10700 shares of its own previously issued $10 par common…
A: Purchase of own shares were termed as treasury shares. Treasury shares are to be measured at cost.…
Q: Which is FALSE? S1 – All income is taxable. S2 – All exclusions from gross income are exempted.…
A: S1 – All income is taxable.: this statement is incorrect as all income excluding the exempted income…
Q: A Ltd owns an owner-occupied asset that is measured using the revaluation model. The asset’s…
A: As per revaluation model, The asset is carried at a revalued amount, being its fair value at the…
Q: which of the following transactions and events would result in an improvement in Days Purchases…
A: B. the identification of an uninsured inventory loss C. Selling gods for cash at the normal markup…
Q: sing the following accounts and balances, prepare the stockholders' equity section of the balance…
A: Stockholders' equity is the shares issued by the company that shows shares issued, paid-in capital,…
Q: An information system that provides reports to stakeholders about the economic activities and…
A: Accounting: The practice of documenting financial transactions that are relevant to a company is…
Q: 5. The following is the year ended data for Baker Company: Sales Revenue £152,000 Cost of Goods…
A: Cost of goods available for sale is the sum of beginning inventory and cost of goods manufactured.
Q: The resources of value owned by a business are called _____________. Group of answer choices…
A: Business means the activity or occupation that is done to earn the revenues.
Q: what is the amount of owner’s equity (also known in "real-life" as net worth) for this business?
A: Accounting equation refers to an equation which shows that the both the debit side as well as credit…
Q: What is a business owned by one individual called and the easiest legal form of business to organize…
A: Solution: Limited liability company, partnership and corporation needs more than one individual to…
Q: A. FF Co. changed its inventory valuation from the FIFO cost method to the weighted average method…
A: Solution:- Introduction:- As per LIFO, Cost of goods sold is valued at latest price and closing…
Q: Negotiations on a new contract have started. The contractor has 500 employees, the contract is 2.5%…
A: The correct answer for the above mentioned question is given in the following steps for your…
Q: a. Break down the material cost variance into different related variances: price variance, usage…
A:
Q: EXPLAIN.Which of the following is not done by an auditor when obtaining an understanding of an…
A: Internal controls are the mechanisms and standards that businesses use to protect their sensitive…
Q: B was an industrial partner. The Articles of Partnership required B that every week he will work for…
A: Partnership: It implies to a contractual agreement between two or more parties who agrees or gives…
Q: The normal balance of an account is the side of the account (either the debit side or the credit…
A: Every account has a normal balance of a positive value. Assets positive value is debit side.…
Q: What is the classification of shares that has privileges over any of the other classes of shares in…
A: Par value shares: These are those shares that have a face value per share also known as par value.…
Q: i. Explain why the process costing approach is appropriate for this barbershop. ii. Calculate the…
A: A Local barbershop providing hair cutting services belongs to the service sector which is more of…
Q: Information for the Hi-Test company’s production process for September follows. Assume that all…
A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…
Q: ABC Company acquired 80% of DEF Company prior to 2023. During 2023 the individual companies included…
A: Consolidated financial statements refers to the statements which shows the combination of the value…
Q: A, B, C and D are known robbers in their community. They created a Jewelry-on-hand Partnership so…
A: In any partnership, there are two or more partners who are responsible for running the business…
Q: Which of the following statements is true when assessing whether potential voting rights contribute…
A: 1) When assessing whether or not possible voting rights assist control? All facts and situations…
Q: Required: - general ledger
A: Ledger is a principal book that includes all the accounts such as Assets Accounts, Liabilities…
Q: 28. S1: Fringe benefit that is exempt from fringe benefit tax is likewise exempt from any other…
A:
Q: Product-Costing Accuracy, Corporate Strategy, ABCAutotech Manufacturing is engaged in the production…
A: Gross margin is defined as the difference between revenue and cost of goods sold, divided by…
Q: Jaime Ltd manufactures and sells a small electric product to order for the computer industry. The…
A: The income statement should be prepared to record revenue and expenses for the period and find the…
Q: Domebo Corporation has entered into a 8 year lease for a piece of equipment. The annual payment…
A: When payments are to be made at the beginning of each period, then it is called as Annuity Due…
Q: The chart of accounts for Roth Co. includes the following accounts: Cash, Accounts Receivable,…
A: Journal entries are the basic method for recording financial transactions in the books of accounts.…
Lovelyn Co. paid one half of its earnings in dividends. Its earnings increased by 50% and the amount of its dividends increased by 40% in 2021. Lovelyn's dividend payout ratio for 2021 was ___?
Step by step
Solved in 4 steps
- Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?DIVIDENDS Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands of dollars). Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 320,000 shares of common stock outstanding, and its stock trades at 37 per share. a. The company had a 25% dividend payout ratio in 2018. If Brooks wants to maintain this payout ratio in 2019, what will be its per-share dividend in 2019? b. If the company maintains this 25% payout ratio, what will be the current dividend yield on the companys stock? c. The company reported net income of 1.35 million in 2018. Assume that the number of shares outstanding has remained constant. What was the companys per-share dividend in 2018? d. As an alternative to maintaining the same dividend payout ratio. Brooks is considering maintaining the same per-share dividend in 2019 that it paid in 2018. If it chooses this policy, what will be the companys dividend payout ratio in 2019? e. Assume that the company is interested in dramatically expanding its operations and that this expansion will require significant amounts of capital. The company would like to avoid transactions costs involved in issuing new equity. Given this scenario, would it make more sense for the company to maintain a constant dividend payout ratio or to maintain the same per-share dividend? Explain.
- Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.James Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the EPS for the year for James (rounded to the nearest dollar)?
- Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.Bastion Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the EPS for the year for Bastion?Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?
- Farmington Corporation began the year with a retained earnings balance of $20,000. The company paid a total of $3,000 in dividends and earned a net income of $60,000 this year. What is the ending retained earnings balance?Five measures of solvency or profitability The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Income before income tax was 3,000,000, and income taxes were 1,200,000 for the current year. Cash dividends paid on common stock during the current year totaled 1,200,000. The common stock was selling for 32 per share at the end of the year. Determine each of the following: (a) times interest earned ratio, (b) earnings per share on common stock, (c) price-earnings ratio, (d) dividends per share of common stock, and (e) dividend yield. Round ratios and percentages to one decimal place, except for per-share amounts.Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?