Question

In: Accounting

ASSETS (1.1.) EUR EQUITY (1.1.) EUR Fixed assets 3400000 Shareholder's capital 2499000 Inventory 1360000 Retained...

ASSETS (1.1.)	EUR	EQUITY (1.1.)	EUR
Fixed assets	3400000	Shareholder's capital	2499000
Inventory	1360000	Retained earnings	0
Accounts receivable	0	Profit for the financial year	0
Cash and equivalents	1122000	DEBT (1.1)	-
		Loans	2975000
		Accounts payable	408000

The operating income of the financial period (1.1.-31.12.) is 3060000 €. In addition, the following is given on the events in the company during the financial period: The company has delivered products to the customers for a worth of 17000000 € according to the billing information. 15980000 € of this has been received from the customers. According to the bills, the company has received 7684000 € worth of materials of which 7299800 € has been paid. Naturally, the company has paid the bills of previous periods. According to the inventory taken, the value of inventory at the end of the financial year is 2244000 €. The company has also invested in its means of production (machines) with 408000 €. The total depreciation of the financial year is 680000 €. 595000 € of the loans has been amortized and 148750 € has been paid in interests. The income tax percentage is 20 %.

Give the following information for the balance sheet at the end of the year (31.12.) to the nearest euro.

a. Shareholder's capital =

b. Retained earnings and the profit for the financial year =

c. Long and short-term loans (only those with interest) =

d. Accounts payable =

e. Inventories =

f. Accounts receivable =

g. Cash and equivalents =

h. Fixed assets =

i. Working capital =

Expert Solution

This answer is based on my self knowledge

ekkarill92 answered 2 years ago

The bank has total assets of 967,151 and total liabilities of 902,027. The shareholder's equity is...

The bank has total assets of 967,151 and total liabilities of 902,027. The shareholder's equity is 65,124. all the amounts are in millions. the debt to equity ratio will be 13.85. so, what does 13.85 mean? This data is taken from a legit bank from its balance sheet but can debt to equity ratio be 13.85 for good banks?

S(EUR/USD) = EUR/USD 1.1 Annual interest rate in Euro zone = 0.5% Annual interest rate in...

S(EUR/USD) = EUR/USD 1.1 Annual interest rate in Euro zone = 0.5% Annual interest rate in US = 2% Bank A offers: F(EUR/USD) = EUR/USD 1.2. Check for the presence of an arbitrage opportunity (Covered interest

The Cost of Capital: Cost of Retained Earnings The cost of common equity is based on...

The Cost of Capital: Cost of Retained Earnings The cost of common equity is based on the rate of return that investors require on the company's common stock. New common equity is raised in two ways: (1) by retaining some of the current year's earnings and (2) by issuing new common stock. Equity raised by issuing stock has a(n) cost, re, than equity raised from retained earnings, rs, due to flotation costs required to sell new common stock. Some argue...

A project will require $450,000 for fixed assets and $58,000 for net working capital. The fixed...

A project will require $450,000 for fixed assets and $58,000 for net working capital. The fixed assets will be depreciated straight-line to a zero book value over the five-year life of the project. At the end of the project, the fixed assets will be worthless. The net working capital returns to its original level at the end of the project. The project is expected to generate annual sales of $875,000 and costs of $640,000. The tax rate is 20 percent...

The fixed assets of a business are: Generally capital assets throughout their holding period. Generally not...

The fixed assets of a business are: Generally capital assets throughout their holding period. Generally not capital assets. Generally are held for investment. Generally are held for personal use. None of the above.

Net capital spending is equal to: ending net fixed assets minus beginning net fixed assets plus...

Net capital spending is equal to: ending net fixed assets minus beginning net fixed assets plus depreciation. ending total assets minus beginning total assets plus depreciation. ending net fixed assets minus beginning net fixed assets minus depreciation. beginning net fixed assets minus ending net fixed assets plus depreciation.

Discuss the advantage of company issue equity capital (500words) Fixed Costs Unchanged By Equity Capital Collateral-Free...

Discuss the advantage of company issue equity capital (500words) Fixed Costs Unchanged By Equity Capital Collateral-Free Financing Long-Term Financing Convenant-Free Financing Do not direct copy paste from google, i need more detail on theses, Thanks

True or False? Corporations 1_____ Shareholders’ equity for a corporation consists of contributed capital and retained...

True or False? Corporations 1_____ Shareholders’ equity for a corporation consists of contributed capital and retained earnings. 2_____ The owner of a corporation is called a director. 3_____ The payment of business profits to the owners of a corporate business is known as drawings. 4_____ A dividend is a distribution of retained earnings. 5_____ The shareholders provide all of the financing for a corporation 6_____ One of the advantages of investing in preferred shares is that you will always be...

How do I get the total for Shareholder's Equity and net income for 2015 if I...

How do I get the total for Shareholder's Equity and net income for 2015 if I have the info below. Beginning Retained earning for 2016 was given as 5,173,286 which I know I could use as ending RE for 2015. However, I tried to calculate how they was able to get to that number and I could not come up with a number that would match that. Thank you. accumulated other comprehensive income (loss): 621,236 accumulated depreciation, PPE: 1,829,634 additional...

August Ltd has equity capital amounting to N$350 million comprising ordinary share capital N$70million and retained...

August Ltd has equity capital amounting to N$350 million comprising ordinary share capital N$70million and retained earnings of N$280 million. The par value of a fully paid up share is N$10. August Ltd has a profit after tax for the year just ended of N$87.5 million. The current market price of the share is N$110 and the dividend ratio is 60%. Debt amounts to N$420 million. (d) Suppose the company decides to buy back shares worth N$41.8 million at the...