5. The following information are related to Bacon Corporation: Sales Php 15,000,000 3.0x Asset Turnover Debt to Equity Ratio Weighted average outstanding shares 1.5 200,000 shares Asset turnover only considered asset balance as of December 31. How much is the book value per share of Bacon Corporation based on the foregoing information. a) Php75.00 b) Php25.00 c) Php15.00 d) Php10.00
Q: A stock has a beta of 1 18. The risk free rate is 1964% and the market risk premium is 5% What is…
A: Formula: Expected return = Risk free return + (Beta X Market Risk Premium)
Q: Calculate the ratios below. Round answers to two decimal places. Average inventory $ 6,000…
A: Answer A) Calculation of Return on Assets Return on Assets = Net Income/ Average Total Assets Return…
Q: A zero coupon bond will be worth $15,000 when it matures and redeemed after 10 years. How much would…
A: This question requires us to calculate Present Value of a zero coupon bond which will be worth $…
Q: Zing Coffee Company produces Columbian coffee in batches of 6,500 pounds. The standard quantity of…
A: Incremental analysis: Incremental analysis is a decision-making technique that helps to determine…
Q: The following information pertains to Vladamir, Inc., for last year: Beginning inventory, units…
A: The question is based on the concept of Cost Accounting.
Q: Entries for Notes Receivable, Including Year-End Entries The following selected transactions were…
A: Journal means the book of original entry where the entry is passed for the very first time after…
Q: monopoly, arguing that its costs would go down to a marginal cost of 20. Would the…
A: In business finance, mergers and acquisition are activities in which the ownership of companies,…
Q: 9. Penny wants to save $2500 in one year. What amount must she save from each paycheque if she is…
A: Biweekly indicating the payment made once in two weeks. Here, we can identify the required value of…
Q: In January 2021, Tawatinaw Group paid $650,000 for 60,000 shares of Neerlandia Inc. giving Tawatinaw…
A: given In January 2021, Tawatinaw Group paid $650,000 for 60,000 shares of Neerlandia Inc., giving…
Q: Questions: 1.) How many people should attend the seminar to break-even? 2.) Given this BEP number,…
A: We will use the BEP analysis here. BEP analysis refers to breakeven point analysis.
Q: Determine if this shall result in recognition of liabilities 14.Violation of the terms of a…
A: As per IAS 37 of IFRS Provisions, contingent liabilities and continent assets A contingent liability…
Q: The Hankin Corporation purchased new production equipment on September 1.2017 for $14.000 andexpects…
A: Formula: Straight line method depreciation = ( Asset cost - salvage value ) / Useful life years
Q: Sugar Sweet (SS) Company produces and sells 7,000 specialty Treats per year at a selling price of…
A: The operating income refers to the difference between revenues and operating costs. The operating…
Q: What is the taxable income if the taxpayer had chosen itemized deduction? A domestic corporation had…
A: Calculation of taxable Income of Domestic Corporation
Q: Determine if this shall result in recognition of liabilities 4. Receipt of goods ordered from a…
A: The goods purchased on account increases the inventory and also increase the liability.
Q: 58. ABADDON CORP. shows the following planned data for the year 2019: ESTIMATED SALES 20,000 units…
A: The variable expenses are the expenses that arw increased or decreased with changes in number of…
Q: . Describe three reasons that a Bank Reconciliation Statement should be done
A: Bank Reconciliation Statement: Bank reconciliation statements describe banking and business…
Q: Entries for Receipt and Dishonor of Notes Receivable Journalize the following transactions in the…
A: Note receivables means the instrument in which the outsider agree to pay certain sum with or without…
Q: Principles of Accounting 1 Chapter 10 Homework Problem 1– Entries for notes payable On January 26,…
A: The process of recording business transactions in the books of accounts for the first time is…
Q: Sanjeev enters into a contract offering variable consideration. The contract pays him $1,400/month…
A: As there is 80% chance that the contract will pay $4800 additional, so it will consider while…
Q: A large company has hired your friend. She tells you that her boss has asked customers to sign sales…
A: Revenue Recognition: When it comes to accounting, revenue recognition is a generally accepted…
Q: On 5/31/2022 Grant options, that vest in 36 months, to officers to buy 50,000 common shares for $18…
A: A journal entry is the first step and an essential function of the accounting process. Journal…
Q: You are the audit manager of Matfine & Co and are reviewing the key issues identified in the files…
A: Here discuss about the Auditors further proceeds to resolve the issues which are pertained with both…
Q: You have taken a loan of $88,000.00 for 30 years at 4.1% compounded quarterly. Fill in the table…
A: Solution:- Given, Loan = $88,000 Life time = 30 years Compounded quarterly at 4.1%
Q: What are the three main characteristics of liabilities
A: A liability is a present obligation of the enterprise arising from past events, the settlement of…
Q: 10. Cameron is in grade 12 and works part-time in a bike shop. His monthly budget is shown. Expenses…
A: Personal Budget: Alternatively known as a household budget, a personal budget is a financial plan…
Q: Chicago Company reported the following information at the end of the current year: Common…
A: The dividend can be paid to the shareholders from the retained earnings of the business. The…
Q: Using a periodic FIFO inventory system, determine the cost of the closing inventory and the cost of…
A: FIFO method is first come first basis. The units purchased first are sold first No of units sold =…
Q: The following information is available for Fess Company: Credit sales during 20X1 $ 150,000…
A: Doubtful debts relate to the total amount of account receivable thata company deems to be…
Q: Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next…
A: Sales Budget: When it comes to sales budgets, they are simply financial projections that forecast a…
Q: B. PROJECTED INCOME STATEMENT Tamacti Designs, Inc., expects sales during 2022 to rise from the 2021…
A: Lets understand the basics. Income statement is prepared by the management to understand the true…
Q: Familiarization of investment types. Identify keywords if it is; Deposit Fund Bond Stock Property 1.…
A: In this question, we have some investment types such as deposits, funds, bonds, stocks, and…
Q: You are the Treasurer for Short Run Sports Club and the manager asked you to prepare the financial…
A: For the preparation of the trial balance, income & expenditure, and balance sheet the following…
Q: You are the division president of Stable Division of Gigabit Inc. Your best friend is the division…
A: 1. Determination of cost allocation method for personal department. It would be appropriate to…
Q: Paynesville Corporation manufactures and sells a preservative used in food and drug manufacturing.…
A: Budget characteristics includes: Prepared for a specific time period It specifies the objectives…
Q: ur and AJ formed a partnership with Aljur investing his th a market value of P80,000 which…
A: Aljur and AJ have formed a partnership , where Aljur has invested land and has 40% share in equity .…
Q: Calculate the cost of the raw materials used in production during the year.
A: Cost accounting is one of the important branch of accounting. Under this, several type of costs are…
Q: Calculate the cost of goods manufactured for the year.
A: Introduction:- The following formula used to calculate COGM as follows under:- =Direct Materials +…
Q: Explain the meaning of the following terms: markup,additional markup, markup cancellation, net…
A: Products are priced at the selling price and used to compare different product lines. The selling…
Q: Mini-Exercise 11-1 (Algo) Calculate liquidity measures The following amounts were reported on the…
A: Lets understand the basics. Working capital is a capital which is required to run day to day…
Q: Boyd earned $35,000 of cash revenue during Year 1. Required Prepare an income statement and balance…
A: Concept of Working capital finance Bank finance - Credit Line from Bank Interest Calculation Profit…
Q: Haggstrom, Inc., manufactures steel fittings. Each fitting requires both steel and an alloy that…
A: A budget is defined as a expected result expressed in terms of money. In a business budget is the…
Q: Martinez Corporation purchased machinery on January 1, 2022, at a cost of $268,000. The estimated…
A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…
Q: mand and market supply for bikes. b)Find the equilibrium-price and equilibrium– quantity and
A: The following information is given about the market: Price Quantity Demanded Quantity Supplied…
Q: Consider the following data of Thor Corporation's Southern Division: Sales revenue $307,200 Capital…
A: Residual income = Net operating income - (Required return on capital investment)
Q: A multistep income statement divides revenues and expenses further to show. Select one: a. subtotals…
A: An income statement that categorizes incomes and expenses into operational and non-operating heads…
Q: еBook 4Show Me How Entries for Notes Receivable, Including Year-End Entries EET The following…
A: 21-Nov-20Y3 Notes Receivable A/C dr. $96000 Account Receivable A/C…
Q: If the surplus on income ratio is only 15%, and the surplus on fund employed is only 26%. Is this…
A: Surplus or Income Ratio- The Surplus Margin Ratio is the surplus (or deficit) divided by whole…
Q: 2. Grace, a financial analyst, is looking at the 2020 financial statements of ACE Company and…
A: GIVEN Grace, a financial analyst, is looking at the 2020 financial statements of ACE Company and…
Q: from Towards a X Mail-Edjouline X Bb Content - ACG2 X CengageNOWv2 X (58) YouTube werPoint…
A:
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yieldThe following information are related to Spade Corporation:Sales P 15,000,000Asset Turnover 3.0 XDebt to Equity Ratio 1.5Weighted average outstanding shares 200,000 sharesAsset Turnover only considered asset balance as of December 31.How much is the book value per share of Spade Corporation based on the foregoing information?Calculate the transaction value (in $ thousands) of a theoretical company based on the information provided below. Current Share Price $18.00 Shares Outstanding (Thousands) 5,000 Total Debt ($ Thousands) $3,700 Cash ($ Thousands) $2,100 Acquisition Premium 10%
- (a) Calculate current Ratio and Quick Ratio from the followinginformation:Total Assets Rs. 350000Fixed Assets Rs. 175000Investment Rs. 70000Fictitious Assets Rs. 5000Share holders fund Rs. 200000Long term Debts Rs. 100000Inventory Rs. 45000(b) From the following information calculate the stock turnoverratio.Sales Rs. 200000, G.P 25% on cost, Opening Stock was 1/3rd of thevalue of closing stock. Closing stock was 30% of salesAssume the following data for Cable Corporation and Multi-Media Incorporated. Multi-Media Incorporated Cable Corporation $ 39,800 352,000 409,000 $ 190,000 2,170,000 966,000 234,000 545,000 175,000 421,000 Net income Sales Total assets Total debt Stockholders' equity a. 1. Compute return on stockholders' equity for both firms. Note: Input your answers as a percent rounded to 2 decimal places. Cable Corporation Multi-Media, Incorporated 2. Which firm has the higher return? Return on Stockholders' Equity % %1. The following accounts and their balances are found in the records ofAlamo Corporation: authorized share capital of par P100 is P10,000,000 of which P5,000,000 was issued and its accumulated earnings as of January 1 is P1,275,000. You were given the following additional information: (see attached image for the given. Please answer it. Thank youu so much!) Direction: a) Give the entrics needed for the above information.b) What is the dalance of the free or unrestricted retained earnings as of December 31.
- TINT Corporation presents the following condensed statement of financial position as of the close of the year: Cash ₱ 520,000 Accounts Payable ₱ 550,000Other Assets 1,333,000 Ordinary Share Capital 550,0005% Preference Share Capital 330,0007% Preference Share Capital 220,000Accumulated Profits 203,000Total Assets ₱ 1,853,000 Total Equities ₱ 1,853,000 The 5% preference share capital is cumulative, the 7% preference share capital is non-cumulative, but both arefully participating. The par value of all shares is ₱100.Requirements:C. Compute for the book value per share for:5. Ordinary shares6. 5% Preference shares7. 7% Preference sharesWildcat Corporation recently disclosed the following financial information: Earnings/revenue: Assets: Liabilities: Shares outstanding Market price $2,189,246 $8,400,000 $1,674,610 575,898 $33.00 per share Calculate the book value per share if earnings fall to $1,459,497. O Based on current information, the book value per share is $11.68. Based on current information, the book value per share is $11.65. Based on current information, the book value per share is $12.68. Based on current information, the book value per share is $10.68,Following was the Balance Sheet of X Ltd. as on 31 March, 2008. f Equity and Liabilities 3) Share Capital 40,000 Equity Share of 20 each 8,00,000 1,80,000 40,000 2,00,000 General Reserve Staterment of P&L 12% Debentures Current Liabilities 2,60,000 Total 14,80,000 Assets (2) Fixed Assets 10,00,000 Current Assets 4,00,000 Goodwill 80,000 14,80,000 On 31" March, 2008, Fixed Assets were valued as R 7,00,000 and the goodwill at R 1,00,000. The net profits for the past three years were; 2005-06: 1,03,200, 2006-07: 1,04,000, and 2007-08: 1,03,300. 20% of profits are transferred to reserves. The proportion is reasonable for company. Fair investment return may be taken at 10%o. Ignore taxation. Calculate the value of share as per (i) Net Assets Method, (ii) Yield Method.
- 4. HAT Company provided the following information for the 2018: Total Assets at December 31 4,500,000 Share Capital at December 31 2,000,000 Share Premium at December 31 200,000 Treasury Share (at cost) 300,000 The debt-to-equity ratio (total liability over total shareholders’ equity) is 25% at December 31, 2018. What is the retained earnings unappropriated on December 31, 2018? Group of answer choices 2,300,000 1,700,000 1,400,000 1,100,000You 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. P47,6321. James Company showed the following balances in its balance sheet as at year-end: P450,000 P1,150,000 P300,000 P900,000 120,000 shares Current Assets Non-current Assets Current Liabilities Non-current Liabilities Weighted average of outstanding shares According to the appraisal, 60% of the non-current assets can be replaced at 150% of their reported book value while the remaining balance of the non-current assets has replacement value of 65%. Reported balance of other items approximates their replacement value. How much is the replacement value of James Company at year-end? a.) P299,000 b.) P584,000 c.) P1,035,000 d.) P1,334,000 e.) P1,784,000
