From the following data compute the 'Intrinsic' value of each category of equity shares of Ankit Ltd.: Shareholders funds 100,000 'A' Equity shares of Rs.10 each, fully paid 100,000 'B' Equity shares of Rs.10 each, Rs. 8 paid 100,000 'C' Equity shares of Rs.10 each, Rs. 5 paid Retained Earnings Rs.9,00,000
Q: Allright Test Design Company creates, produces, and sells Internet-based CPA and CMAreview courses…
A: In management accounting, the phrase Cost of Goods Manufactured (COGM) refers to a calendar or…
Q: On July 1 of the current year, the assets and liabilities of John Wong, DVM, are as follows: Cash,…
A: Introduction:- Balance sheet shows financial position of the company. It is based on Balance sheet…
Q: The Laura Company has the following errors on its books as of December 31, 2020. The books for 2020…
A: A Journal entry is a primary entry that records the financial transactions initially. The…
Q: On April 1, Anita Strods created a new travel agency, Strods Travel. The following transactions…
A: Note: Hi! Thank you for the question, As per the honor code, we are allowed to answer three…
Q: Thad, a single taxpayer, has taxable income before the QBI deduction of $192,500. Thad, a CPA,…
A: Given: - Taxable income before the QBI deduction = $192,500 Qualified business income = $154,000…
Q: services is shown below. Jasmine Enterprise Trial Balance as at 30 September 2014 Debit (RM) Account…
A: The financial statements of the business includes the income statement and balance sheet. These…
Q: Jean and Tom Perritz own and manage Happy Home Helpers, Inc. (HHH), a house-cleaning service. Each…
A: Income Statement is one of the financial statement which is prepared for review of profitability in…
Q: Zwick Company bought 25,500 shares of the voting common stock of Handy Corporation in January 2021.…
A: A company can distribute dividend if it has positive net income.Also it can distribute out of…
Q: Sage Company is operating at 90% of capacity and is currently purchasir a part used in its…
A: Differential costs is the difference between costs of two alternatives. Costs and revenues should be…
Q: XYZ Partnership is equally owned by three partners. X sells his interest to M for $90,000 cash and M…
A:
Q: P 1,00 P 80,000 20,000 60,00 50,0 2,00
A: Partnership liquidation refers to the closing down of business operations by selling the non-cash…
Q: Schedule of Cash Collections of Accounts Receivable Pet Supplies Inc., a pet wholesale supplier, was…
A: In the context of the given question, we are required to compute the total cash collection of Pet…
Q: Transation
A: Transaction analysis refers to the process of analyzing the transaction, whether the particular…
Q: True or False with explanation The formula for simple interest is: Interest = Principle x Days…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: hen closing income statement accounts having debit balances, which of the osed? O Purchases Returns…
A: Solution: Accounts having debit balances that are closed includes expenses on the income, sales…
Q: ario had AGI of $90,000 and will iter e hurricane was a federally declare • The plane had a value of…
A: Casualty Loss is deductible in the year in which it occured losses i.e generally in the year loss…
Q: What is modified breakeven analysis?
A: Break even analysis refers to the financial computation that weights the new business cost, product…
Q: A cheque returned by bank marked "R/D" means that__________.
A: Cheque: It implies to a document that reflects an order given to the bank for transferring a…
Q: Nagy Industries reported a net income of $600,360 on December 31, 2021. At the beginning of the…
A: Basic EPS is the earnings per share which only includes the effect of common shares while…
Q: ected by some bilities
A: An S corporation shareholder’s basis may be affected by some or all business liabilities.
Q: What kind of activities are mentioned on the cash flow statement? Is the sequence in which these…
A: A cash flow statement is a basic financial report that depicts a company's cash inflows (cash…
Q: Identify accountor, accountee, and account in each of the following accountability instances
A: What is Accountability?Accountability is the concept of answerability by an individual or a…
Q: Required information Problem 11-46 (LO 11-4) (Algo) (The following information applies to the…
A: A. Adjusted basis in building = Original basis- Accumulated Depreciation = $325000 - $65000…
Q: QUESTION 3 Company X has monthly fixed costs of $150,000 and a unit variable cost of $50. How many…
A: Break even in unit can be calculated by this formula- Fixed cost/(sale price per unit-variable cost…
Q: Whispering Winds Corp. has these accounts at December 31: Common Stock, $8 par, 4.600 shares issued,…
A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…
Q: Bullwinkle Company owns a equipment with a cost of $365,300 and accumulated depreciation of $55,400…
A: Formulas that are used:-
Q: Zwick Company bought 25,500 shares of the voting common stock of Handy Corporation in January 2021.…
A: Company can pay dividend if it has net income in current year.It can pay income out of free…
Q: prepare the Closing Entries
A: June 18 Furniture Dr. 12000 To cash 12000 (being the purchase of…
Q: Please refer to the following information to answer question 12 and 13: Misra Company compiled the…
A: Lets understand the basics. There are three heads are there in the balance sheet which are explained…
Q: Choose the correct answer. How to build customer loyalty? Select one: a. Give at least 30% discount…
A: Solution : - b. Organize loyalty program and reward returned customers with it.
Q: Performance Bike Co. has determined that the proper balance for the Allowance for Doubtful Accounts…
A: Journal entries includes the primary reporting of transactions occurring in the business.
Q: untancy firm, EY refused to sign off Wirecard’s 2019 books after discovering1.9billion euros (US$2.1…
A: The given question is related to the subject Audit & Assurance. An auditor has the professional…
Q: The table below shows quantity. total revenue, marginal revenue, total cost. and marginal cost for…
A: The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal…
Q: Using the weighted-average method, compute the equivalent units of production if the beginning…
A: The term equivalent units are defined as how much amount of work has been completed on certain or…
Q: define cash flow activities used in Business
A: A cash flow statement is a basic financial statement that shows a company's cash inflows or cash…
Q: Isue Price Whitworth International plans te issue $500,000 face value bonds with a stated interest…
A:
Q: Not all adjusting entries are reversed. Only those that increased an asset or a liability account…
A: Various adjustment entries are made to rectify the amounts relating to an expense, an asset,…
Q: The Jessica Co. has the following errors on its books as of December 31, 2020. The books for 2020…
A: Journal entries, we make in our business either economic or non economics, it helps to keep records…
Q: Determine the amount to be added to Allowance for Doubtful Accounts in each of the following cases…
A: A. Amount added = Balance of allowance for doubtful account as per aging method - credit balance in…
Q: ABC Inc purchased $9,000 inventory during the month of November from CDE Co. CDE applied a credit…
A: Formula used: Net purchases = Purchases - Purchase returns. Deduction of purchase returns value from…
Q: The following information was taken from Combine Company's balance sheet: Fixed assets (net)…
A: Formulas: Ratio of fixed assets to long term liabilities = Fixed assets / Long term liabilities…
Q: One of the companies decided to check the debtors' balance of 264,000 dinars as it appears in the…
A: Debtors are the customer accounts to whom business has made credit sales on account and due amount…
Q: Unearned Revenue is An expense incurred but not yet paid An expense paid but not yet incurred A…
A: Unearned revenue is the money received from a customer for work that has not yet been performed.…
Q: pales Jariable expenses
A: In this question, we have to find out the return on assets. ROA is a financial ratio that tells us…
Q: June 2 Commenced business with a capital of 1,000,000 June 4 Purchased 2,000 vape at a cost of Php…
A: A trial balance is a statement that shows the Balance or total amounts of debit and credit items of…
Q: Stein and his son owned a television appliance store. However there were having severe financial…
A: ANSWER The case has conflicting a line of business, conflict of inters, torts of negligence and…
Q: Wool Inc purchased a machine on April 1, 2020, for $90,000, with an estimated useful life of 10…
A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…
Q: EZ-Tax is a tax accounting practice with partners and staff members. Each billable hour of partner…
A: Since you have posted a question with multiple sub-parts, we will do the first three sub-parts for…
Q: An entity has made an error in the balance sheet. During the current year, a bond has been…
A: it is important that financial statement in order to make investment decisions by the investors. the…
Q: Rosie's Company has three products, P1, P2, and P3. The maximum Rosie's can sell is 85,000 units of…
A: Limiting factor is a constraint which limits the production level based on the shortage of the…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets Stockholders' equity-common Total stockholders' equity Sales revenue Net income Number of shares of common stock Common dividends Preferred dividends What is Sunland's payout ratio? O 24.6%. O 9.6%. O 17.9%. O 37.9%. $355000 235000 294000 97000 21100 6000 5200 8500Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the balance sheet date, MJOs stock was selling for S25 per share. Required: Assuming MJOs dividend yield is 1%, what are the dividends per common share? Assuming MJOs dividend yield is 1% and its dividend payout is 20%, what is MJOs net income?from the given information calculate EFS and P/E ratio Net Income : 5,00,000 8% prference share 2,00,000 number of outstanding shares :75000 market price = 50 RS per share
- The following are the balance sheet of X Ltd. And Y Ltd., as on 31 st march 2005 Liabilities Rs. Rs. Assets Rs. Rs. Share capital Equity shares of Rs.10 14 % preference shares of Rs.100 General reserve Export profit Reserve (required under Income Tax Act) Investment Allowance Reserve (statutory) P & L A/c 13% debentures of Rs.100 Trade creditors Other current liabilities 50,00,000 22,00,000 5,00,000 3,00,000 -- 7,50,000 5,00,000 4,00,000 2,00,000 30,00,000 17,00,000 -- 2,50,000 2,00,000 1,00,000 5,00,000 3,50,000 1,50,000 Land & building Plant& machinery Furniture & fittings Investments Stock Sundry debtors Cash and Bank 25,00,000 32,50,000 5,75,000 7,00,000 12,50,000 9,00,000 7,25,000 15,50,000 17,00,000 3,50,000 5,00,000 9,50,000 10,30,000 5,20,000 99,00,000 66,00,000 99,00,000 66,00,000 XY Ltd., is formed to take over X Ltd. and Y Ltd., for the following consideration. X Ltd. Issue of 4,80,000…Calculate current ratio from the following:- Particular Total Assets Fixed Assets (Tangible) Shareholder funds Rs. Particular 3,00,000 Non-current Liabilities 1,60,000 Non-current Investments 2,00,000 Rs. 80,000 1,00,000You 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. P47,632
- From the following particulars pertaining to Assets and Liabilities of a company calculate and interpret: a. Current Ratio; b. Liquidity Ratio; c. Proprietary Ratio; d. Debt-Equity Ratio; e.Capital Gearing Ratio. Balance Sheet as on 31st December 2020 Liabilities Amount (Rs) Assets Amount (Rs) 5,000 Equity Shares of Rs 10 each 5,00,000.00 Land & Building 5,00,000.00 8%, 2000 Preference Shares of Rs 100 each 2,00,000.00 Plant & Machinery 6,00,000.00 9 % Debentures of Rs 100 each 4,00,000.00 Sundry Debtors 2,00,000.00 Reserves & Surplus 3,00,000.00 Stock 2,40,000.00 Sundry Creditors 1,50,000.00 Cash in hand 55,000.00 Bank Overdraft 50,000.00 Prepaid Expenses 5,000.00 TOTAL 16,00,000.00 TOTAL 16,00,000.00 don't give hand written answersConsider the following figures from the balance sheet of Calcutta Merchants Club: Current Assets Rs. 5,100 Current Liabilities Rs. 4,300 Net Fixed Assets (NFA) Rs. 23,800 Long-Term Debt: Rs. 7,400 Shareholders' Equity Rs. 'X' Total Assets Rs. 28,900 Total Liabilities & Shareholders' Equity Rs.28,900 What is the Book Value of Equity (Shareholders' Equity) ? a Rs. 16,200 b Rs. 17,200 c Rs. 12,000 d Rs. 10,000.. From the following, calculate (a) Debt-Equity Ratio (b) Total Assets to Debt Ratio Equity Share Capital $75,000 Share application money pending allotment $25,000 General Reserve $45,000 Balance in the Statement of Profit & Loss $30,000 Debentures $75,000 Trade Payables $40,000 Outstanding Expenses $10,000
- The company capital structure consists of debt 250000 at 0.071, preferred stock 230000 at 11% and common stock 120000 at 14%, calculate company’s weighted average cost of capitalGiven Below is the Balance sheet of ABC Co. Analyze the Balance Sheet and Calculate the Current Ratio. Liabilities Amount Assets Amount Share Capital 50,000 Fixed Asset 1,24,000 Preference Share Capital 30,000 Short Term Capital 10,000 General Reserve 40,000 Debtors 95,000 Debentures 60,000 Stock 50,000 Trade Payable 10,000 Cash and Bank 15,000 Bank Overdraft 20,000 Discount on Share Issue 6,000 Provision for Tax 40,000 Provision for Depreciation 20,000 3,00,000 3,00,000Following are the Balance Sheets of X Ltd. for the year 2014 and 2015. 2014 2015 sin '000 sin '00 L Equity and Liabilities (1) Shareholders' Funds (a) Share Capital : Equity Share Capital 8% Redeemable Preference Share Capital (b) Reserves and Surplus : General Reserve Surplus Account (2) Non-current Liabilities 200 320 150 90 40 70 15 38 Debentures 100 90 (3) Current Liabilities Creditors 55 83 Bills Payable Proposed Dividend (Treating it as non-current liability) Provision for Tax (NCL) 20 16 42 50 40 50 Total Equity and Liabilities 662 807 II. Assets (1) Non-current Assets Fixed Assets: Land & Building Plant & Machinery Intangible Asset : Goodwill 200 80 170 200 80 100 (2) Current Assets Stock Debtors B/R Cash & Bank Balances 59 250 30 18 87 150 20 25 Total Assets 662 807 Additional Information: (1) (1) (I) (IV) An interim dividend of $ 20,000 has been paid in 2015. $ 35,000 income tax was paid during the year 2015. Dividend of $ 28,000 was paid during the year 2015. During the year…