record in the table below. Calculate the change in market value OE, change in valuation equity and change in cost basis OE during 2018-2019 and record in the table below.
Q: 40 accounts payable 280 sales 10 cash 100 long-term note 30 inventory 150 salaries and wages 100…
A: Balance Sheet - This Statement shows the balance of assets liabilities and Equity as at the balance…
Q: vable is reasonably assured, what is the net income to be recognized by the entity for the year…
A: Franchise Account The Purpose of providing the franchise business to allow to use the reputation of…
Q: Prepare a statement of cash flow on both direct and indirect method
A: Based on the information provided cash flow statement is to be prepared. Cash flow statement…
Q: The plan Regarding cost. • Our team has been tasked with planting the trees on the plot of land…
A: Cost Variance: It is calculated for the purpose of Financial performance of the Project = Earned…
Q: Specter Company combines cash and cash equivalents on the balance sheet. Using the following…
A: Cash and Cash equivalents refers to the current assets of a entity which are highly liquid and can…
Q: Net Operating Loss. During 2021, Karen, a single taxpayer, reports the following income and expense…
A: The part of your gross income used to calculate how so much tax you owe in a given tax year is…
Q: Timber Company presented a statement of financial po containing the following accounts among others:…
A: A journal entry is used to document a business deal in a company's accounting records. A record is…
Q: 34. Dissolution is always followed by liquidation. . 0 The amount of asset revaluation when a new…
A: partnership between partners to share profit and loss and contribute capital in the aggred ratio .…
Q: The following costs are incurred by Everlasting Corporation in 2022: a. Cost of activities…
A: The question is related to Accounting for Intangible Assets. As per the Standard the development of…
Q: Cash on hand, includin
A: 1. The adjusted cash balance definition: The adjusted cash balance is a balance of cash that…
Q: Vhat are the alternative forms of financial nflows?
A: Generally the concept of alternative finance is defined as the financing from external sources other…
Q: Diving Wear Ltd makes neoprene wetsuits. The company’s projected income statement for the coming…
A: Income statement is a part of the financial statements of a company. It shows the revenues earned…
Q: 63%
A: Net profit margin refers to the amount which is generated as a percentage of revenue. It…
Q: . A corporation issues for cash $14,000,000 of 8%, 20-year bonds, interest payable annually, a time…
A: The bonds are the financial instruments for the business which are used to raise money from the…
Q: Question 4 Pendrill makes car bumpers. The following information is obtained from January's budge…
A: Point to be noted In absorption Costing, all manufacturing costs form part of the cost of goods…
Q: 3. Athena Co. held the following items on Dec. 31, 20x1: Petty cash fund (currencies and coins,…
A: ANSWER All the checks were recorded when they were collected (drawn) by a debit (credit) to the…
Q: A. Cost of goods sold is 48.57% of net sales for 2017 B. Net Sales increased $80 000 or 33.63%…
A: Analysis of financial statement means to find out the various relation between different interlinked…
Q: On January 1, 2022, Iced Latte Corporation issued 5,000 10-year bonds of 12% P1,000 face value, each…
A:
Q: Stahl Inc. produces three separate products from a common process costing $100,800. Each of the…
A: The question is related to Process Costing. The details are given regarding the same.
Q: Your aunt, who lives in Royal Oak decides to buy a new, American made dress. In GDP accounting this…
A: GDP accounting is the accounting which is used by government to see the income which is earned by…
Q: Shimada Products Corporation of Japan plans to introduce a new electronic component to the market at…
A: Target cost is the cost which need to incurred by a entity in order to arrive the predetermined…
Q: The controlling account for the job cost sheets is a.Finished Goods b.Materials c.Work in Process…
A: A job cost sheet is indeed a list of a task's real expenses. The accounting department creates the…
Q: The Balanced Scorecard provides many performance metrics used to measure a company’s performance.…
A: Balance scorecard is the method which displays entity's performance into four dimensions. Balance…
Q: Which of the following is NOl a criterion for the point system for immigration? The level of…
A: Point System for Immigration: A Point Immigration System is a system of allocation of points to a…
Q: Carmen is a retailer of scrapbooking products. The sales forecast for the coming months is: Revenues…
A:
Q: only 10 cents on the dollar. In 2020, settlement is made, and Michael receives only $300. How much,…
A: Loan is the amount which has been given by the lender to the borrower of it and gets the back as per…
Q: The following notes payable were in the records of Baguio Incorporated as of December 31, 2022:…
A:
Q: АВС СОМРANY Month Sales budget July August September 800,000 750,000 990,000 October 630,000…
A:
Q: Prepare journal entries for the above events. B. Post the journal entries to T-accounts. C.…
A: Transactions for the month of September are given to us. We are also given the financial statements…
Q: The following data have been taken from the accounting records of ABD Corporation for the just…
A: Cost of goods sold is the direct cost involved in producing the goods sold by the company. The…
Q: SergioRal the Balian aner who strted eporing cicken et from rai toChia Which fthe foloing events was…
A: Entrepreneurial alertness means capability of an individual to process and analyse information and…
Q: A company sells small motors as a component part to automobiles. The Model 101 motor sells for $850…
A: Formula: Contribution margin ratio = ( Contribution margin / Sales ) x 100
Q: CMN Inc. uses LIFO and has experienced increasing costs since its founding. CMN disclosed that the…
A: LIFO Method is different from FIFO Method as it shows inventory from the earliest purchased material…
Q: Joyce purchased the building in which their corporate office is housed on 1/1/21 for $4,700,000.…
A: Here discuss about the details of the options of purchase which was made either for the borrowing or…
Q: On June 1, 20-, a depreciable asset was acquired for $5,040. The asset has an estimated useful life…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: Lana, a single individual, was looking for an investment that would give some diversity to her stock…
A: Shares: Shares are the number of units held by a company as its stock. It is segregated into two…
Q: %24 Check my work New Vision Company completed its income statement and balance sheet and provided…
A: Cash flows from operating activities: It is a section of the Statement of cash flow that explains…
Q: Wihe new partner will never receive a bonus when they join the partnership. . Partnership assets…
A: Basic Concept of Partnership Accounting
Q: The equity section of Gunkel Corporation as of December 31, 2021, was as follows: Share…
A: Retained earnings is increases with net income and decreases with net loss . Also the dividends…
Q: Germo Company started business at the beginning of the current year. The entity established an…
A: Net realizable value of accounts receivables is the balance of full receivables which is reduced by…
Q: The Sombrero Company began operations on January 1, 2018. As at December 31, 2019 the partial…
A: Earnings per share (EPS) is calculated by dividing the company's profit by the number of issued…
Q: An accounting transactioin simultaneously decreases assets and equity.This transaction is explained…
A: Every transaction has dual effect in the books of account. Accounting equation is: Total assets =…
Q: Donald Electronics an electronics repair shop, prepared the unadjusted trial balance at the end of…
A: The financial statements are prepared by the business entity to show the performance of the…
Q: Discuss internal control consideration.
A: ANSWER internal control consideration is
Q: Petty cash fund Accrued expenses Prepaid expenses Accumulated depreciation-Equipment Test II The…
A: Ratio analysis is an important activity undertaken by most firms in order to analyze their…
Q: The Carolina Company made the following journal entries and adjusting journal entries: Accrual of…
A: I. 1. Accrual of wage expense > No effect on Total assets 2. Expiration of Prepaid insurance >…
Q: As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material…
A: A bill for the list of the raw materials needed in a stepwise manner is known as a bill of material…
Q: Juring 2022, ABC Company decided to change from FIFO method of inventory valuation to the veighted…
A: There are various methods of Inventory Valuation namely: FIFO, LIFO, Weighted Average, etc. Each…
Q: During the current year, CF Manufacturing Co. incurred $370,000 of indirect labor costs, $15,000 of…
A: Amount transferred from the manufacturing overhead account includes indirect material, indirect…
Q: Running Running Corporation incurred P298,350 of research and development cost to develop a product…
A: Patent: It implies to an intangible asset consisting of intellectual property, as a result of which,…
there is no additional information
Step by step
Solved in 2 steps with 2 images
- Problem 1: Viance Queen Company Required: Compute for the company’s profitability and operating efficiency ratios for 2019 Compute for the financial health ratios of the company for 2019 B.Operating Efficiency Days in Inventory AR Turnover Days in ARProblem 1: Viance Queen Company Required: Compute for the company’s profitability and operating efficiency ratios for 2019 Compute for the financial health ratios of the company for 2019 A.Profitability ratio a.Gross Profit Ratio b. Operating income margin c. Net profit margin d. Return on Assets: ROA (NI/Total Assets) ROA (NI/Average Assets) ROA (EBIT/Total Assets) ROA (EBIT/Average Assets) ROE (NI/Capital) ROE (NI/Average Capital B.Operating Efficiency a. Asset Turnover b. Fixed Asset Turnover c. Inventory Turnover d. Days in Inventory e. AR Turnover f. Days in AR C.Financial Health/ (Solvency and Liquidity) Solvency ratio: a. Debt to equity ratio b. Debt Ratio c. Equity Ratio d. Interest Coverage Ratio Liquidity ratio: a. Current Ratio b. Quick RatioProblem 1: Viance Queen Company Required: Compute for the company’s profitability and operating efficiency ratios for 2019 Compute for the financial health ratios of the company for 2019 A.Profitability ratio Return on Assets: ROA (EBIT/Average Assets) ROE (NI/Capital) ROE (NI/Average Capital
- Problem 1: Viance Queen Company Required: Compute for the company’s profitability and operating efficiency ratios for 2019 Compute for the financial health ratios of the company for 2019 A.Profitability ratio a. Return on Assets: ROA (NI/Total Assets) ROA (NI/Average Assets) ROA (EBIT/Total Assets) ROA (EBIT/Average Assets) ROE (NI/Capital) ROE (NI/Average CapitalVertical Analysis Two income statements for Cornea Company Follow: Cornea Company Imcome Statements For years Ended December 31 2019 2018 Fees earned $1,640,000 $1,300,000 Operating Expenses 869,200 715,000 Operating Income $770,800 $585,000 a. Prepare a vertical analysis of Cornea Company;s income statements. b.Does the vertical analysis indicate a favorable or ab unfavourable trend ?Referring to the following data of the Omani Company, answer A and B: (Note; Write all related Equations regarding the questions) The company manager targets to increase the current ratio in the year (2021) by 30% out of the previous year (2020), this requiring to increase the amount of the total current asset. To what level can the manager increase the total current asset to achieve this target (30%) at (2021)? The manager put a plan to increase the Time interest Earns (TIE) in the (2021) by (17%) out of the previous year (2020) to increase sales. How much will this plan to add amount to the accounts receivable (Suppose the other things are fixe) Data of 2020 Total Asset Turnover 2.5 Times Net Fixed Asset 600 (OMR) Total Liabilities 500 (OMR) Sales 2000 (OMR) Quick Ratio 1.5 Times Accounts Receivable 150 (OMR) Long-term Liabilities 200 (Thousand OMR)
- 1. Compute for the company's profitability and operating efficiency's ratios for 2019 B.Operating Efficiency a. Asset Turnover b. Fixed Asset Turnover c. Inventory Turnover d. Days in Inventory e. AR Turnover f. Days in ARQUESTION 1The following are extracts of the income statement and the statement of financial position forMorula Industries.STATEMENT OF INCOME FOR THE YEAR ENDED 31 DECEMBER 2019PulaSales 500,000Less Cost of sales:Opening inventory 120,000Purchases 415,000Cost of goods available for sale 535,000Closing inventory (115,000) (420,000)Gross profit 80,000Operating expenses (40,000)Net surplus for the year 40,000 STAMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2019PulaCurrent assetsInventory 115,000Receivables 133,000Bank overdraft 124,000Current LiabilitiesPayables 96,000Capital and reservesShare capital 70,000General reserve 110,000Retained profit 110,000Additional Information The receivables and payables opening balances were P50, 000 each. All sales and purchases were made on credit.Required:a. Calculate the:i. Average payment period. ii. Average age of inventory. iii. Average collection period. iv. Cash conversion cycle. b. Explain five strategies that can improve the cash conversion…Profit margin (%) Total asset turnover Equity multiplier ROE Company A 2018 33.2 0.345 1.20 2019 29.5 0.406 1.26 2020 36.9 0.330 1.13 Company B 2018 36.9 0.463 1.30 2019 33.5 0.360 1.23 2020 26.2 0.436 1.36 Calculate ROE for both companies and interpret your answer. Which company will you prefer for investment in 2018, 2019 and 2020? Explain. Interpret the values in profit margin, total asset turnover and equity multiplier. Will your investment decision for 2018, 2019 and 2020 change once you use DuPont identity instead of ROE? Explain. Note- answer both the parts of the question
- Instructions: I. Resolve the ratios listed on table a for each year (2020 & 2021): a. For each ratio includes the formula with math computes (2020 & 2021) b. . Fill M&G Industries Ratio Analysis Table A. (2020 & 2021) II. Perform the following Analysis: a. Explain each ratio results for 2021 only. b. Compare each ratio performance with the previous year results (compare 2021 results with 2020 results) c. Compare each Ratio results for 2021 with their respective Industry average. III. Base on the previous results, evaluate and explain the Company financial position using the following questions: 1. How liquid is the firm? 2. Is management generating adequate operating profits on the firm’s assets? 3. How is the firm financing its assets? 4. Are the owners (stockholders) receiving an adequate return on their investment?Toby’s forecasted 2021 financial statements follow, along with some industry average ratios. Calculate Toby’s 2021 forecasted ratios and fill in the above table. Calculate the EPS and DPS. The company has a 40% payout ratio. Please provide the solutions for the EPS, DPS, Days Sales Outstanding, Fixed Asset Turnover, Total Asset Turnover, Return on Assets, Return on Equity, Total Debt Ratio, Profit Margin on Sales, P/E Ratio.Obtain Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com a. What was Target's gross margin percentage for the fiscal year ended February 2, 2019 (2018) and 2017? Use "Sales" for these computations b. What was Target's Return on Sales percentage for 2018 and 2017? Use "Total Revenue" for these computations. c. Target's return on ales percentage for 2017 was higher than it was in 2018. Ignoring taxes, how much higher would Target's 2018 net income have been if it's return on sales percentage in 2018 had been the same as for 2017?