What was the companys revenue for the year

Assignment Help Financial Accounting
Reference no: EM13132194

Kilmer Corporation began the year with retained earnings of $310,000. During the year, the company issued $420,000 of common stock, recorded expenses of $1,200,000, and paid dividends of $80,000. If Kilmer’s ending retained earnings was $330,000, what was the company’s revenue for the year?

Reference no: EM13132194

Questions Cloud

What is the final concentration of na+ : What is the final concentration of Na+ if 250 ml of 0.3 M Na Cl is added to 750 ml of 0.125 M Na2SO4?
Which molecular species would be necessary for the formation : Which molecular species would be necessary for the formation of the product in the reaction; a primary carbocation, a tertiary carbocation, a primary carbanion, a secondary carbanion or SO4?
Issuance of tax anticipation notes : On September 15, the City decided to borrow $200,000 in 90 day tax anticipation notes to cover operating expenditures until the tax revenues are collected. The journal entry on September 15 to record the issuance of tax anticipation notes will inc..
Electron donor and receptor in metal complexes : Electron Donor and Receptor in Metal Complexes, In the first step of the catalytic cycle, the alkene bonds to palladium to make a new metal complex The alkene is now a ligand because the pi-bond of the alkene is donating some of its electrons to p..
What was the companys revenue for the year : paid dividends of $80,000. If Kilmer’s ending retained earnings was $330,000, what was the company’s revenue for the year?
What price would have been charged to the customer if job : What price would have been charged to the customer if the job required $3,3000 in materials and $4,5000 in direct labor cost, and the company priced its jobs at 20% above the job’s cost according to the accounting system?
Finite mathematics-annuities : When she is 30, Sue starts making annual deposits of $2,000 into a bondfund that pays 8% annual interest compounded continuously. Assuming that her deposits are made as a contiuous income flow, how much money will be in her account if she retires ..
Statement regarding capital projects funds : Which of the following is true regarding capital projects funds?
What is the value of the equilibrium constant : Consider the following reaction: 2 HI(g) -> H2(g) + I2(g) If 3.55 moles of HI(g), 0.550 moles of H2, and 0.630 moles of I2 are at equilibrium in a 1.00 L container at 915 K

Reviews

Write a Review

Financial Accounting Questions & Answers

  Illustrate what was its cost of goods sold

It purchased goods for $380,000 and had beginning inventory of $70,000. A count of its ending inventory determined that goods on hand was $50,000. Illustrate what was its cost of goods sold?

  Explain briefly to the class factoring receivables

Find a website that details factoring receivables. E xplain b riefly to the class what factoring receivables is, why a company would factor their receivables, and the advantages of doing so?

  Illustrate what journal entry is required at the beginning

if this budget is formally integrated into the accounting records, illustrate what journal entry is required at the beginning of the year? What later entry is required?

  Illustrate what should campbell record enacted tax rates

Illustrate what should Campbell record as a net deferred tax asset or liability for the year ended Dec 31 2011 assuming that the enacted tax rates in effect are 40% in 2011 and 35% in 2012?

  Should be recorded by the coy for its fiscal year ended

should be recorded by the coy for its fiscal year ended Dec31, 2008, under each of the three methods? Note the machine will have been used for one-half of its first year of life.

  Illustrate what is the gross pay for the employee

An employee receives an hourly rate of $40, with time and a half for all hours worked in excess of 40 during a week. Illustrate what is the gross pay for the employee?

  Illustrate what about the fact that malm is a licensed cpa

Illustrate what about the fact that Malm is a licensed CPA. Would a state board of accountancy have any recourse with respect to Malm's transgressions?

  Explain how should holmgren chemical report this information

Holmgren's insurance policy of $9,000,000 has a deductible clause of $500,000. Explain how should Holmgren Chemical report this information in its financial statements at December 31, 2012?

  Recognize the effects of the intra-entity bonds

Compute the consolidation worksheet entries to recognize the effects of the intra-entity bonds

  Condensed financial statements

Evaluation of various ratios from the given financial statements and The condensed financial statements of Westward Corporation for 2006 are presented

  Draw a conclusion about the sales volume variance

If static budget variance is unfavorable and the flexible budget variance is unfavorable, will we draw a conclusion about the sales volume variance?

  Questions based on stocks and debts

Multiple choice questions on stocks and debts - Which of the following statements is CORRECT?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd