Reference no: EM132753398
Accounts payable 108,000 income tax expense. 135,000
accounts receivable 305,000. income tax payable. 34,000
Accured wages. 15,500. interest expense. 65,000
Amortization expense 105,000 inventory 125,000
Capital stock 200,000 mortgage payable( non current position) 550,000
Cash 15,000
Cost of sales. 678,500 Patents 200,000
Current portion of mortgage payable 25,000. Prepaid expenses 6,000
Dividends 30,000 Property and equipment 850,000
Divdends Payable 7,500 Sales for cash 250,000
General, administrative, selling expenses 804,000 sales on credit 1,825,000
retained earnings 303,500
Problem 1: What is the income before taxes?
Problem 2: What is the net income?
|
Determine the total cost of inventory at year end
: All delivered to Macko Furnitures on May 1 for 500 units and on July 30 for 200 units. Determine the total cost of inventory at year end
|
|
Arbitrage opportunity for the situation
: Determine whether there is an arbitrage opportunity for the following situation. Explain why.
|
|
Establish loyalty with the client
: How do you show revenue for an mobile app that is created for CSR and do not generate direct revenue? It is more to establish loyalty with the client.
|
|
Calculate the cost of equity using capm
: Company A has a %21 tax rate . it has issued 20,000 shares of common stock and has equity of 900,000$. In addition the corporation has dept at a before tax.
|
|
Find what is the income before taxes
: What is the income before taxes? Capital stock 200,000 mortgage payable( non current position) 550,000. Amortization expense 105,000 inventory 125,000
|
|
How much is product cost per unit under absorption costing
: Question - During the year 2019, Silent J Company's production was 1.000 unit. How much is the product cost per unit under absorption costing
|
|
Explain the effects on goodwill
: Explain the effects on goodwill, NCI and the equity of Holder, of the purchase of a further 20% of the voting shares of Retailer. Provide calculations.
|
|
What is the book value of shareholders equity
: Use the case method to apply concepts, share ideas, and improve communication skills toward solving a complex business problem.
|
|
How can investors use common stock valuation method
: Valuation of common stock has some subjective element to it. Discuss how can investors use common stock valuation method and interpret the subjective aspect.
|