Variour Inc recently completed its stock take and have provided you the below information Categor y Units in Inventory Cost per unit NRV per
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Ch12.3 Variour Inc recently completed its stock take and have provided you the below information
Categor
y
Units in
Inventory
Cost per
unit NRV per unit
WA1 85 $105.00 $100.00
WB1 110 $80.00 $85.00
WC1 135 $190.00 $195.00
WD1 150 $45.00 $50.00
WE1 165 $200.00 $190.00
Required:
Calculate the total value of Kentex' closing Inventory
Step by step
Solved in 2 steps
- 31 - The stock movements of entity A are as follows. Calculate STMMAVAILABLE OF GOODS PER PERIOD: 50000 TLPERIOD PURCHASES: 90000 TLFINANCIAL AVAILABILITY AT THE END OF THE TERM: 20000TLA) 120.000 TLB) 70.000 TLC) 60.000 TLD) 100.000 TLE) 130.000 TLBE4.8 In 2020, Jollis corporation reported net income of $1000000. it declared and paid perferred stock dividends of $250000. During 2020, Hollis had weighted average of 190000 common shares outstanding. Compute Hollis's 2020 earnings per share.GL1302 - Based on Problem 13-4A Atticus Group LO C3, P2, P3 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity January 1 Common stock—$4 par value, 100,000 sharesauthorized, 40,000 shares issued and outstanding $ 160,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000 Total stockholders’ equity $ 600,000 Stockholders’ Equity (December 31) Common stock—$4 par value, 100,000 sharesauthorized, 47,400 shares issued, 3,000 shares in treasury $ 189,600 Paid-in capital in excess of par value, common stock 179,200 Retained earnings ($30,000 restricted by treasury stock) 400,000 768,800 Less cost of treasury stock (30,000 ) Total stockholders’ equity $ 738,800 The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.50 per share cash…
- PROVIDE COMPUTATIONS!!! 10. What is the book value of the preference shares on December 31, 2018?a. P105 c. P100b. P110 d. P11511. What is the book value of the ordinary shares on December31 2018?a. P13.40 c. P14.15b. P14.52 d. P13.78Print by: Tanvi Varma374275:374275: Intermediate Accounting Theory and Practice MGMT X 120B (Summer 2020) / Ch. 15 HW *Exercise 15-18 Nash Company reported the following amounts in the stockholders’ equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 1,800 shares issued) $180,000 Common stock, $5 par (96,000 shares authorized, 19,200 shares issued) 96,000 Additional paid-in capital 113,000 Retained earnings 449,000 Total $838,000 During 2020, Nash took part in the following transactions concerning stockholders’ equity. 1. Paid the annual 2019 $9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2019. 2. Purchased 1,800 shares of its own outstanding common stock for $42 per share. Nash uses the cost method. 3. Reissued 800 treasury shares for land valued at $34,500. 4.…Ra Subject-Accounting at december 31, 2022 and 2023 sunland corp had 102000 common shares and 10200 $4 no par value cumulative preferred shares outstanding. No dividends were declared in 2022 or 2023. Net income for 2023 was $296780. For 2023 basic earnings per share would be
- You have been provided with the following information for the year ended 30 June 2022 for ABCLtd:RNet profit for the year -R1 800 000Weighted average number of shares (WANOS) outstanding during the year-R 120 000Average fair value per share -R30.00Weighted average number of shares (WANOS) under option during the year -R25 000Exercise price for shares under option during the year -R28.00REQUIRED:Q.2.1 Explain the purpose and objective of disclosing diluted earnings per share.What is the total amount that should be reported in profit or loss relating to the securities during 2020?Single choice. P 640,000 P 150,000 P 190,000 P 340,000 How much is the gain or loss to be recognize on the sale of 50% of DEF shares? P 20,000 gain 0 P 10,000 loss P 190,000 gainAnalyse the information given in the table below and answer the questions below:Details Company A Company BShare price R60 R90Number of ordinary shares issued 10 000 000 10 000 000Market capitalisation 600 000 000 900 000 000Annual earnings R90 000 000 R120 000 000Earnings per share A BPrice/ Earnings (P/ E) Ratio C DREQUIRED:Please note that all theoretical answers should be in your own words and not directly from yourtextbook or any other source. Remember to add a list of resources (correctly referencedaccording to the Harvard method) at the end of your assignment. Calculate the missing amounts for A ‐ D.Round off your answers to 2 decimal places.
- You have the following information about Trisha Company: total asset =P350,000; common stock equity = P175,000; Return on Equity (ROE) =12.5%. What is Trisha’s earnings available for common stockholders? A. P21,875B. P43,750C. P50,000D. P47,632On July 5, 1994, SM Prime Holdings, Inc. (SMPH) had its IPO at P2.0669 per share. On July 5, 2019, the market value of SMPH was P38.25. Disregarding dividends, what is the ROI of an SMPH stock held for those 25 years? Choices: a. 17.51% b. 1850.60% c. 1750.60% d. 18.51%PLEASE ANSWER THIS QUESTION ASAP. THANK YOU SO MUCH. In connection with your audit of the financial statements of the Pin Shop Company for the year 2020, the following investment in Ordinary shares and dividend income accounts were presented to you: Investment in ordinary shares Date Description Ref. Debit Credit 01/15 10,000 O/S, par value P75, SPIKES CO. VR-18 585,000 04/30 5,000 shares SPIKES Co. received as share div. CJ-7 375,000 05/20 Sold 5,000 shares @ P37.5 CR-21 187,500 12/10 Sold 2,000 shares @ P90 CR-S2 180,000 Dividend Income Date Description Ref. Debit Credit 04/30 Share Dividend…
