NEED ASAP. Solve correctly and show your computations. FPJ Inc. received subscription for 5,250 Preference Shares at P 10 above par value of P 200 per share. After a down payment of P 125 per share from all the subscribers, how much is the balance of the Subscription Receivable?
Q: Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be…
A: Budgeted sales 691000 Less Beginning Inventory 108000 Add Ending Inventory 83000…
Q: 2-36. COST OF GOODS PURCHASED, COST OF GOODS SOLD, AND INCOME STATEMENT. The following data are for…
A: Cost of Goods Purchase :- Cost of Goods Purchase is Net purchase plus Freight In. Purchase - PR -…
Q: Colada Quest Games Inc. adjusts its accounts annually. The following information is available for…
A: Lets understand the basics. Journal entry is required to make to record event and transaction during…
Q: 2-36. COST OF GOODS PURCHASED, COST OF GOODS SOLD, AND INCOME STATEMENT. The following data are for…
A: Cost of goods purchased is net cost of goods which are purchased from outside. Cost of goods sold is…
Q: Allana recorded operating data for its Xyza division for the year. The company requires its return…
A: Controllable margin means contribution margin after deduction of fixed cost. Return on investment is…
Q: The sales, income from operations, and invested assets for each division of Wren Company are as…
A: Residual income is calculated by deducting the multiplication of the minimum rate of return and…
Q: Machine-hours Direct labor wages Supplies Maintenance Utilities Supervision Depreciation Total…
A: Introduction Flexible budget or variable budget is a financial plan of estimated revenue and…
Q: A list of financial statement items for Pharaoh Corporation includes the following:accounts…
A: A statement of financial position summarizes a company's assets, liabilities, and ownership as of a…
Q: Before Action $1,269,000 $ equity $232,000 657,000 380,000 1,037,000 $1269,000 300,000 $ $ After…
A: Introduction Cash Dividend: A cash dividend is a payment made from the firm's current income or…
Q: Exercise 19-9 (Algo) Absorption costing and variable costing income statements LO P2 Rey Company’s…
A: 1. Income statement for the year using absorption costing2. Income statement for the year using…
Q: A firm can purchase a centrifugal separator (5-year MACRS property) for $22,000. The estimated…
A: Net Present Value=(Present Value of Cash Inflows-Present Value of Cash Outflows)
Q: Bellingham Company produced 2,300 units that require 16 standard pounds per unit at a $10 standard…
A: Variance is the result the amount of expected value and actual results. It can be calculated by…
Q: fringe benefits tax
A: Fringe benefits refer to the amount given to the employee in addition to their wages. These are paid…
Q: On January 1, the Matthews Band pays $68,600 for sound equipment. The band estimates it will use…
A: Revised Depreciation Expense :— It is the revision of depreciation expense due to change in…
Q: a gaming room of a high-traffic video arcade wishes to determine the return on its video machine.…
A: Annual return is the amount earned during the period. It may be in form of increase in market value…
Q: In a government’s comprehensive annual financial report, proprietary fund types are included in…
A: Dear student, Since you have asked multiple questions we will answer only first question as per…
Q: Raw materials inventory should not include indirect materials. True or False True False
A: Raw materials are the material used at any point during the production process. The material could…
Q: receivable is uncollectible and records the year-end adjusting entry.
A: Bad debts defines uncollectable debt from the debtor. As per the accounting standard to maintain…
Q: Perez Company sells lamps and other lighting fixtures. The purchasing department manager prepared…
A: Introduction: A purchasing budget is created in order to monitor the value of the company's…
Q: A fixed-price-incentive -- firm target (FPIF) contract has a target cost of $100,000, a target…
A: A Fixed price incentive contract is a fixed price contract with an incentive benefit if the…
Q: [The following rmation applies to the questions displayed below.] Donnie Hilfiger has two classes of…
A: Answer : 2. Select whether each of these transaction would increase, decrease , on total assets ,…
Q: Tendler Co. produces two products, X and Y, using a joint process. The following data has been given…
A: Joint Cost : This is the collective Expense incurred in specifice process of goods, where…
Q: Dallas Company uses a job order costing system. Th company's executives estimated that direct labor…
A: Overhead cost are indirect operating cost and are not directly related to manufacturing but they…
Q: A machine with a cost of $65,900 has an estimated residual value of $3,425 and an estimated fe of 5…
A: The double declining balance method of depreciation is an accelerated method of depreciation. In…
Q: explain why if a performance measure in the customer perspective of the balncef scorecard was…
A: A balanced scorecard refers to the management system that uses 4 perspectives to measure a company's…
Q: Based on the following information, prepare the Master Budget for Brindle Arts,Inc. for Quarter 2,…
A: The master budget includes all the possible budgets so that the management can analyze how much they…
Q: Sandpiper Company has 10,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of…
A: Dividends are paid in two types Stock dividends and Cash dividends. Stock dividend means a payment…
Q: On January 1, 2020, Pharoah Ltd. entered into a purchase commitment contract to buy 12,900 oranges…
A: Journal - A general journal entry is used to visualize the business transactions of any…
Q: Explain the following: How Generally Accepted Accounting Practices are utilized in financial…
A: Introduction: Financial statements are documents that describe a company's operations and…
Q: Determine the account and amount to be debited and the account and amount to be credited for the…
A: There are three golden rules in accounting for recording the transaction : Debit what comes in ,…
Q: A homeowner planning a kitchen remodeling can afford a $300 monthly payment. How much can the…
A: The homeowner can borrow an amount equal to the present value of the monthly payment, calculated…
Q: Consider the following information for a period of years: Long-term government bonds Long-term…
A: Introduction: A bond is a fixed-income investment instrument that represents an investor's loan to a…
Q: In 2021, XYZ Company, a domestic corporation, recorded other income as follows: Realized foreign…
A:
Q: What is the product unit cost under Absorption costing? 2.70 270,000 3.00 2.20 None of the above
A: Absorption Costing :— it is an marginal accounting method which considered all Costs related to…
Q: On September 15, 2021, LCM Partnership entered into liquidation. The partners' profit and loss…
A: Liquidation of a partnership firm means the dissolution or winding up of a firm. It is done either…
Q: Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 649,000…
A: The answer is option a. Firstly we need to find the produced units by using the following formula:…
Q: 1.) Rate of return equity to investors (There should be 3 answers, representing the 3 options) 2.)…
A: Ratios are the mathematical expressions between two components used for comparison purposes and…
Q: At the beginning of the period, the Cutting Department budgeted direct labor of $125,000, direct…
A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
Q: Juztine Company produces a single type of necklace being sold for P 25 per unit. The following…
A: Partial productivity describes the relationship between the output and the single input that is…
Q: Journalize the 2022 transactions. (Record journal entries in the order presented in the problem.…
A: Journal Entries Date Particulars Debit ($) Credit ($) Jul-01 Cash 10840 Dividend…
Q: repare the entry to accrue the interest on June 30. (List all debit entries before credit entries.…
A: Accrued interest expense is one of the liability of the business which means interest expenses are…
Q: If the net present value of a project is positive, the project earns a return that is Group of…
A: Introduction: According to the net present value rule, executives and shareholders must only invest…
Q: Foley Word Processing Service uses the straight-line method of depreciation. The company's fiscal…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: D ASAP. Solve correctly and show your computations. ABC Corporation earned P540,000 during the…
A: Earning per share is income available against the each common shareholder that much they can take…
Q: The following merchandise transactions occurred between Baker Corporation and Sugar…
A: The inventory under perpetual inventory system is recorded and updated with every sales and purchase…
Q: Xanax Inc expects the following transaction in 2020. Their first year of operations. ·…
A: Cash balance can be calculated by adding all proceeds and deducting all expenses. Proceed from sale…
Q: The stockholders’ equity section of Maria Corporation at December 31, 2020, included the following:…
A: The dividend is paid to shareholders from the cumulative profits of retained earnings of the…
Q: Exercise 10-1 (Algo) Direct Materials Variances [LO10-1] Bandar Industries manufactures sporting…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Using the following information, prepare a bank reconciliation. Bank balance: $6,626 Deposits in…
A: Lets understand the basics. Bank reconciliation statement is a statement prepare to tally the…
Q: [The following information applies to the questions displayed below.] At the end of June, the job…
A: Finished Goods Inventory: The whole stock that is offered for sale to clients and may be delivered…
NEED ASAP. Solve correctly and show your computations.
FPJ Inc. received subscription for 5,250
Receivable?
Step by step
Solved in 2 steps
- Refer to Figure 2.8 and look at the listing for Hewlett Packard. Required: a. How many shares can you buy for $25,000? Note: Round down your answer to the nearest whole number. b. What would be your annual dividend income from those shares? Note: Round down your intermediate calculations to the nearest whole number. Do not leave the cell blank. Enter zero (0) if required. Round your answer to 2 decimal places. c. What must be Hewlett Packard's earnings per share? Note: Round your answer to 2 decimal places. d. What was the firm's closing price on the day before the listing? Note: Round your answer to 2 decimal places. a. Number of shares b. Annual dividend income c. Earnings per share d. Yesterday's closing price NAME Herbalife Nutrition SYMBOL CLOSE HLF Hershey HSY Hess Corporation HES Hewlett Packard HPE HD HMC HON Home Depot Honda Honneywell CHANGE 0051.45 -0.05 1.64 -3.52 0.25 2.17 0.13 3.69 177.57 80.39 14.01 319.22 32.54 227.22 VOLUME 0000434,355 658,253 2,143,509 9,448,992…The Dahlia Flower Company has earnings of $1.44 per share. If the benchmark PE for the company is 13, how much will you pay for the stock? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. If the benchmark PE for the company is 16, how much will you pay for the stock?The Dahlia Flower Company has earnings of $1.48 per share. a. If the benchmark PE for the company is 15, how much will you pay for the stock? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. If the benchmark PE for the company is 18, how much will you pay for the stock? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a. Stock price b. Stock price
- The Blooming Flower Co. has earnings of $1.63 per share. a. If the benchmark PE for the company is 22, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the benchmark PE for the company is 25, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price b. Stock priceGiven the image: If an investor purchased 150 shares of Sunoco stock at $83.43 and the brokers commision was 2.5%, what is the amount of the commision and the total cost of the purchase?You would like to sell 200 shares of Xenith Bankshares, Inc. (XBKS). The current ask and bid quotes are $4.32 and $4.28, respectively. You place a limit sell order at $4.31.If the trade executes, how much money do you receive from the buyer? (Round your answer to 2 decimal places.)
- Vriend Software Inc's book value per share is $14.80. Earnings per share is $1.77, and the firm's stock trades in the stock market at 2.5 times book value per share. What will the P/E ratio be? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio timesPandora Box Company Inc. makes a rights issue at a subscription price of $5 a share. One new share can be purchased for every five shares held. Before the issue there were 15 million shares outstanding and the share price was $12. a. What is the total amount of new money raised? (Do not round intermediate calculations. Enter your answer in millions.) b. What is the expected stock price after the rights are issued? (Enter your answer rounded to 4 decimal places.) c. By what percentage would the total value of the company need to fall before shareholders would be unwilling to take up their rights? (Do not round intermediate calculations. Enter your answer as a positive percent rounded to 2 decimal places.) d. Suppose that you initially own 100 shares plus $100 in the bank. If you take up your rights issue, what will be your total wealth after the issue is completed? (Do not round intermediate calculations. Enter your answer rounded to nearest whole dollar.) e. Suppose that the company…Kiser Mfg. is considering a rights offer. The company has determined that the ex-rights price will be $78. The current price is $100 per share, and there are 25 million shares outstanding. The rights offer would raise a total of $50 million. What is the subscription price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Subscription price
- Angel Company would like to undertake a policy of paying out 45% of its income. Its latest net income was P1,250,000, and it had 225,000 shares outstanding. What dividend per share should Angel declare? * P2.50 P2.14 P2.38 O P2.26 O P2.63Vriend Software Inc.'s book value per share is $13.70. Eamings per share is $1.81, and the firm's stock trades in the stock market at 2.5 times book value per share. What will the P/E ratio be? (Do not round Intermediate calculations. Round your final answer to 2 decimal places.) P/E ratio timesSuppose that you just purchased 250 shares of Beta Banana's stock for $70 per share. The initial margin requirement is 70.0%, which means the amount borrowed is $5,250. The corresponding balance sheet is below: Liabilities and Equity Stock Total assets Margin percentage Assets Required: a. Now suppose the price of the stock falls to $41 per share. What is your current margin percentage? (Round your answer to 2 decimal places.) b. Construct the balance sheet to show the current situation. Stock Total assets $ 17,500.00 $ 17,500.00 c. If the maintenance margin is 50%, at what stock price would you get a margin call? (Round your answer to 2 decimal places.) Price Loan from broker. Equity Total liabilities and equity Assets % $ 5,250.00 $ 12,250.00 $ 17,500.00 Liabilities and Equity Loan from broker Equity Total liabilities and equity