Question 2.5 As a shareholder would you still be satisfied with the profitability of the company?, please explain
Q: What is the amount of ending retained earnings in the following case? Beginning retained earnings =…
A: Retained earnings is the amount of earning retained by the company out of its profits.
Q: 13 - Which of the following accounts we follow the debts of the business owner or owners to the…
A: the debts of the business owner or owners to the capital of the business are the unpaid amount of…
Q: Problem 4-3: Recording investment and valuing debt & equity investments At the beginning of the year…
A: Journal entries Adjusting entries at Dec 31, 2021
Q: company’s
A: Introduction: The term shareholders equity can also be referred to as stockholders equity represents…
Q: 4. Assume one year later (2019) the company KY Jeweller's Ltd has been formed and the owners are…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: QUESTION 4 Ukhwah Bhd has 90,000 shares issued. On October 15, the corporation's board of directors…
A: The dividend is declared to the shareholders from the retained earnings of the business.
Q: What amount should be reported as shareholder's equity at year-end? a. 5,200,000 b. 5,500,000 c.…
A: Authorized share capital 5,000,000 Unissued share capital 2,000,000 Subscribed share capital…
Q: NotExist Inc. reports the following dollar balances in its retained earnings account. 2020 $4,600…
A: The dividend is paid to shareholders from the retained earnings of the business. The retained…
Q: 2. Prepare a statement of retained earnings for 2021. NICE BITE, Incorporated Statement of Retained…
A: Income statement means the statement which show the cost of goods sold and selling price and give…
Q: PART B On 1 July 2020, ABT Ltd had the following two equity accounts on its Balance sheet:…
A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…
Q: 3. The Retained Earnings of Power Inc. shows a January 1, 2018 balance of P199,760. The Board of…
A: Shareholders' equity can be defined as the capital balance of the company's owners. For a company,…
Q: Question Three The following balances were obtained from the books of Tim Curry plc as at December…
A: Financial statements are documents that describe a corporation's operations and financial health.…
Q: Angel Lyka Company reported the following liability account balance on December 2020; Accounts…
A: Current liabilities: Liabilities that have to be paid within one year or one operating cycle,…
Q: QUESTION 3 REQUIRED Use the information provided below to prepare the Statement of Financial…
A: A Balance sheet represents the financial standing of any entity at a specified date.
Q: QUESTION 2 The following is a partial Statement of Financial Position of Juara Bhd: Common stock…
A: Stock dividend is one of the form of dividend being paid to the shareholders. In this, shares of the…
Q: &J Corporation has a year-end retained earnings balance of 210000 for 2020. The corporation paid…
A: The beginning balance of retained earnings can be back calculated with the help of net income and…
Q: 6. Assume that r@ktas Inc., sold inventory on account for $ 2,000. How would this transaction affect…
A: With sale and purchase of inventory, different accounts get affected. This also effects the…
Q: 4. Assume one year later (2019) the company KY Jeweller's Ltd has been formed and the owners are…
A: Journal Entries Sr. No. Particulars LF Debit ($) Credit ($) i Land 390,000 Common…
Q: Use the horizontal model for the declaration of dividends on December 22, 2021. Indicate the…
A: The dividend is declared to the shareholders from the retained earnings of the business. The…
Q: Question 2 The owners are desirous of comparing serval financial transactions and possible outcomes…
A: Various transactions happened in the firm. To consider the each effect, all transactions are…
Q: Inč. iš čomplêting the preparation of the draft finančiål štatement för thể year ended December 31,…
A: In the above question Financial loss of P2,500,000 will be an adjusting event P2,500,000…
Q: Case 3 Incomplete financial statements for Pepper Industries follow: Pepper Industries Income…
A: The question is related to the Ratio Analysis. The details regarding ratio are given.
Q: What is the amount of ending retained earnings in the following case? Beginning retained earnings =…
A: Given information: Beginning retained earnings $200,000 Net income…
Q: Please create the retaining earnings 4.The owners are desirous of comparing serval financial…
A: (Specifically, working on retained earnings is being asked for so I will answer accordingly.)…
Q: 5. An entity provided the following data for the year ended December 1, 2019: Retained earnings…
A: Unappropriated preserved earnings area unit the portion of preserved earnings not assigned to a…
Q: 6. Which of the following represents a liability? a. The obligation to pay for goods that a…
A: Solution Note : Dear student as per the Q&A guideline we are required to answer the first…
Q: Problem 2-6: The Austin Corporation The following information was available for the Austin…
A: 1. Earning Per share= Net income-Preferred Dividend/Weighted average No. of Shares Outstanding 2.…
Q: A. Tell Me the Truth Directions: Read each sentence carefully and determine whether the statement is…
A: The equity section represents the investment and withdrawals made by the owners of the business.
Q: CROWN Pty Ltd (‘the company’) recorded the following transactions during the 2021 tax year: - 1…
A: If any entity is a corporate tax entity then it is considered as a 'franking entity'. The amount of…
Q: Question 2 Teleflex plc is large multinational company in the power industry. The company needs to…
A: The question reletes to calculation of Basic EPS, limitation of EPS as measure of performance and…
Q: Problem 2 - Financial Liabilities Entity A's liabilities as of December 31, 2020 include the…
A: According to accounting standard, financial liabilities are the total liabilities which payable in…
Q: QUESTION 6 Bodie Corporation reported the following amounts in its financial statements: $58,560…
A: Dividend means the amount given to shareholder of the company as profit distribution by company.…
Q: Marjorie corporations ”total” reasonable business needs for 2021 was $320,000. Marjorie corporation…
A: Tax liability: Tax liability is the amount of obligation determined on the basis of certain tax…
Q: usan Corp wants to pay dividends to their investors . On July 23, 2021, the company publicly…
A: Solution: When dividend are declared, they are declared out of retained earnings that means retained…
Q: a) On February 1, 2020 Adam Enterprises declared a dividend of $4,300 to common shareholders on…
A:
Q: Choose one or more characteristics from the following list that you could use to discuss the…
A: Accounting aspects or Characteristics of accounting information : The financial reporting is…
Q: 10. Sunny Corp. had a net income during 2018 of $200m, and after paying out dividends to…
A: Net income = $200m Opening retained earning = $700m Closing retained earning = $840m
Q: Show the relevant equity components at the end of year 1 and 2.
A: Retained earnings: Retained earnings are that portion of profits which are earned by a company but…
Q: 8. The December 31, 2019 income statement for App Inc. reported $3.5 million of net income, and its…
A: The statement of retained earnings is one of the financial statements prepared by a firm that…
Q: 2. Reeves Incorporated buys and sells securities expecting to earn profits on short-term differences…
A: Investment in shares - Investment in shares is the current assets for the purchaser. It generates…
Q: Section A- Create the financial statements for Company JK for the year-ended 2020. (Note: create an…
A: Income statement refers to the a statement that shows the revenue and expenses of a company. The…
Q: ILLUSTRATION 2. From the following Balance Sheets extracted from R.C. Company Ltd. as on 31st…
A:
Q: Exercise 1-4? Retained Earnings Statement At the end of 2018,Sherwood Company had retained…
A: Net income is equal to total revenue earned less total expenses. It is computed using an income…
Question 2.5
As a shareholder would you still be satisfied with the profitability of the company?, please explain
Notes
Inventories as at 31 December 2020 amounted to R185000
All purchases and sales are on credit
Credit terms to Debtors are 30 days
Credit terms of 3/10 net 90 days are granted by creditors
Dividends for the year amounted to R139 503
Step by step
Solved in 2 steps
- tion 8Income statement for the year ended 31 December, 2019 of KKMTN Ghana Ltd2018 2019ȼ ‘000 ȼ ‘000Turnover 420,000 523,600Cost of sales (330,000) (417,200)Gross profit 89,000 106,400Expenses:Administration 44,600 50,200Selling and distribution 15,400 (60,000) 19,600 (69,800)Profit before interest 29,000 36,600Debenture interest - (2,800)Net profit before tax 29,000 33,800Taxation (8,000) (10,000)Net Profit after tax 21,000 23,800Ordinary dividend paid 8,400 9,250Ordinary shares issued 12 million and trading at ȼ3 each as at yesterday onGSE.You are required to compute the following investment ratios:a). Earnings per shareb). Dividend per sharec). Payout ratiod). Price earnings ratioe). Earnings yieldPEPSICO LIMITEDSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:2021 (R) 2020 (R)Sales 3 312 000 2 800 000Cost of sales (1 616 000) (1 560 000)Gross profit 1 696 000 1 240 000Selling and administrative expenses (672 000) (568 000)Operating profit 1 024 000 672 000Interest expense (64 000) (32 000)Profit before tax 960 000 640 000Tax (256 000) (172 000)Profit after tax 704 000 468 000LIST OF BALANCES FROM THE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:2021 (R) 2020 (R)Land and buildings 1 760 000 1 504 000Plant and machinery 992 000 848 000Investments 240 000 0Inventories 384 000 400 000Accounts receivable 408 000 256 000Cash and cash equivalents 72 000 64 000Ordinary share capital 1 600 000 1 600 000Retained earnings 896 000 480 000Long-term loan 640 000 320 000Accounts payable 384 000 448 000Income tax payable 128 000 64 000Dividends payable 208 000 160 000Additional information¦ Selling and administrative expenses include depreciation as follows:Depreciation on…PEPSICO LIMITEDSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:2021 (R) 2020 (R)Sales 3 312 000 2 800 000Cost of sales (1 616 000) (1 560 000)Gross profit 1 696 000 1 240 000Selling and administrative expenses (672 000) (568 000)Operating profit 1 024 000 672 000Interest expense (64 000) (32 000)Profit before tax 960 000 640 000Tax (256 000) (172 000)Profit after tax 704 000 468 000LIST OF BALANCES FROM THE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:2021 (R) 2020 (R)Land and buildings 1 760 000 1 504 000Plant and machinery 992 000 848 000Investments 240 000 0Inventories 384 000 400 000Accounts receivable 408 000 256 000Cash and cash equivalents 72 000 64 000Ordinary share capital 1 600 000 1 600 000Retained earnings 896 000 480 000Long-term loan 640 000 320 000Accounts payable 384 000 448 000Income tax payable 128 000 64 000Dividends payable 208 000 160 000Additional information¦ Selling and administrative expenses include depreciation as follows:Depreciation on…
- PEPSICO LIMITEDSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:2021 (R) 2020 (R)Sales 3 312 000 2 800 000Cost of sales (1 616 000) (1 560 000)Gross profit 1 696 000 1 240 000Selling and administrative expenses (672 000) (568 000)Operating profit 1 024 000 672 000Interest expense (64 000) (32 000)Profit before tax 960 000 640 000Tax (256 000) (172 000)Profit after tax 704 000 468 000LIST OF BALANCES FROM THE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:2021 (R) 2020 (R)Land and buildings 1 760 000 1 504 000Plant and machinery 992 000 848 000Investments 240 000 0Inventories 384 000 400 000Accounts receivable 408 000 256 000Cash and cash equivalents 72 000 64 000Ordinary share capital 1 600 000 1 600 000Retained earnings 896 000 480 000Long-term loan 640 000 320 000Accounts payable 384 000 448 000Income tax payable 128 000 64 000Dividends payable 208 000 160 000Additional information¦ Selling and administrative expenses include depreciation as follows:Depreciation on…PEPSICO LIMITEDSTATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER:2021 (R) 2020 (R)Sales 3 312 000 2 800 000Cost of sales (1 616 000) (1 560 000)Gross profit 1 696 000 1 240 000Selling and administrative expenses (672 000) (568 000)Operating profit 1 024 000 672 000Interest expense (64 000) (32 000)Profit before tax 960 000 640 000Tax (256 000) (172 000)Profit after tax 704 000 468 000LIST OF BALANCES FROM THE STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER:2021 (R) 2020 (R)Land and buildings 1 760 000 1 504 000Plant and machinery 992 000 848 000Investments 240 000 0Inventories 384 000 400 000Accounts receivable 408 000 256 000Cash and cash equivalents 72 000 64 000Ordinary share capital 1 600 000 1 600 000Retained earnings 896 000 480 000Long-term loan 640 000 320 000Accounts payable 384 000 448 000Income tax payable 128 000 64 000Dividends payable 208 000 160 000Additional information¦ Selling and administrative expenses include depreciation as follows:Depreciation on…Description FY10 FY11 FY12 FY13 FY14 Financial Statements GBP m GBP m GBP m GBP m GBP m Income Statements Revenue 4,390 3,624 3,717 8,167 11,366 Profit before interest & taxes (EBIT) 844 700 704 933 1,579 Net Interest Payable (80) (54) (98) (163) (188) Taxation (186) (195) (208) (349) (579) Miniorities (94) (99) (105) (125) (167) Profit for the year 484 352 293 296 645 Balance Sheet Fixed Assets 3,510 3,667 4,758 10,431 11,483…
- 26. The accountant for Indra Ltd (Indra) has determined the following information for the year ended 30 June2020.Profit or loss P300,000Share of total comprehensive income(after tax) of associates 20,000Share of profit (after tax) of associates 15,000Exchange difference gain (net of tax of P3,000) on translation of foreign operation up to the date sold(1 March 2020) 7,000Exchange difference gain (net of tax ofP9,000) on disposal of foreign operation recognized in profit forthe year 21,000Increase in asset revaluation surplus(net of tax) 45,000 What is the total amount of other comprehensive income for Indra for the year ended 30 June 2020? P__________Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends received 2220 From the above information the total income will be: a.OMR 41280 b.OMR 42820 c.OMR 48220 d.OMR 40820 Fast plz***********Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
- Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).Income Statements for the Year Ended 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 Sales revenue 8,320 11,250 Cost of sales (6,020) (9,030) Gross profit 2,300 2,220 Operating expenses (1,048) (1,535) Operating profit 1,252 685 Finance charges (20) (70) Profit before tax 1,232 615 Taxation (62) (30) Profit for the year 1,170 585 SOFP (Balance Sheet) as at 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 £'000 £'000 Non-current assets 502 198 Current assets Inventory 1,290 2,437 Trade receivables 730 1,990 2,020 4,427 Total assets 2,522 4,625 Equity Share capital 1,350 800 Reserves 580 1,145 1,930 1,945…Income Statements for the Year Ended 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 Sales revenue 8,320 11,250 Cost of sales (6,020) (9,030) Gross profit 2,300 2,220 Operating expenses (1,048) (1,535) Operating profit 1,252 685 Finance charges (20) (70) Profit before tax 1,232 615 Taxation (62) (30) Profit for the year 1,170 585 SOFP (Balance Sheet) as at 31st Dec 2020 KM Ltd ROW Ltd £'000 £'000 £'000 £'000 Non-current assets 502 198 Current assets Inventory 1,290 2,437 Trade receivables 730 1,990 2,020 4,427 Total assets 2,522 4,625 Equity Share capital 1,350 800 Reserves 580 1,145 1,930 1,945…