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2020 2021 $ $ Revenue 4000 4100 COGS 1600 1700 Depreciation 500 520 Inventory 300 350 Admin Exp 500 550 Interest 150 150 Taxes 400 420 Accounts Payable 300 350 Accounts Receivable 400 450 Net Fixed Assets 5000 5800 Long term Debt 2000 2400 Notes Payable 1000 600 Dividends 410 410 Cash 800 300
Question a) balance sheet for this company for 2020 and 2021
Question b) income statement for 2021
Question c) What were reinvested earnings for 2021?
Question d) Assume there are 500,000 shares outstanding. What are earnings per share in 2021?
Question e) Consider the values for depreciation in 2021, and net fixed assets in both years. What was the company's gross investment in plant and equipment in 2021?
Diego Motors is a small car dealership. On average it sells the car for $25,000 which it buys from the manufacturer for $22,000. Each month, Diego Motors pays $50,000 in rent and utilities and $60,000 for salespeople's salaries.
During the year, the company purchased $100,000 of raw material and spent $340,000 on direct labor. Other data: Manufacturing overhead incurred $450,000; sales, $1,560,000; selling and administrative expenses, $90,000; income tax rate, 30%.
Use this information to calculate the amount of bond discount or premium that is amortized with each interest payment.
The company also estimated $509,000 of fixed manufacturing overhead cost for the coming period. Compute the company plantwide predetermined overhead rate
what is the amount of ending inventory?
Many of the concepts in managerial accounting were first developed for the manufacturing environment. Do you think the same concepts, such as variable costs.
The Office of the Public Prosecutor now wants to charge Declan with attempted murder. Can Topiary also be charged with this offence
a. Define Accounting. b. Define Journal. c. Define Ledger. d. What is meant by Fund flow statement? e. What is Standard Costing
What are the project rankings on the basis of these two investment decision rules? Suppose that you are told that the firm's reinvestment rate
What are the types of accounting changes? What conditions need to he met to change accounting policies under ASPE and IFRS
Prepare financial statement quarterly - Jan 2 Purchased merchandise on account from Diego Company $30,000, What is the total interest expense for the year
Expected revenues from endowments and federal and state grants total $250,000. Determine the amount the college must obtain from other sources.
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