Question
In: Accounting
An analyst has compiled the following information regarding Rubsam, Inc. Liabilities at year - end €...
An analyst has compiled the following information
regarding Rubsam, Inc. Liabilities at year - end € 1,000
Contributed capital at year - end €500 Beginning retained earnings
€ 600 Revenue during the year € 5,000 Expenses during the year €
4,300 There have been no distributions to owners. The analyst ’ s
most likely estimate of total assets at year - end should be
closest to
(1 Point)
€ 2,100.
€ 2,300
€ 2,800
3.On 30 April 2006, Pinto
Products received a cash payment of $30,000 as a deposit on
production of a custom machine to be delivered in August 2006. This
transaction would most likely result in which of the following on
30 April 2006?
(1 Point)
No effect on
liabilities
A decrease in assets of
$30,000
An increase in liabilities
of $30,000
4.Valuing assets at the amount of
cash or equivalents paid, or the fair value of the consideration
given to acquire them at the time of acquisition, most closely
describes which measurement of financial statement elements?
(1 Point)
Current cost
Realizable
cost
Historical
cost
5.Why IFRS doesn’t permit use of
LIFO inventory costing method?
Solutions
ekkarill92 answered 2 years agoRelated Solutions
The following information pertains to DEF Company, Inc. for the year 2018. Liabilities at the end...
The following information pertains to DEF Company, Inc. for the
year 2018.
Liabilities at the end of the year, December 31, 2018 =
$1,200
Contributed capital at the end of the year, December 31, 2018 =
$700
Beginning retained earnings, January 1, 2018 = $300
Revenue during 2018 = $7,500
Expenses during 2018 = $6,800
Distributions to owners during 2018 = $100
What is the amount of the company's total assets at December 31,
2018?
a.
$2,800
b.
$2,700
c....
An analyst compiled the following information Parker Ltd for the year ended December 31 2013: Net...
An analyst compiled the following information Parker Ltd for the
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Net Income was $1,600,000
Depreciation expense was $270,000
Amortization expense for a patent was
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Interest paid was $250,000
Income taxes paid were $100,000
Ordinary shares were sold for $200,000
Preference shares (8% annual dividend) were sold at Par
value of $250,000
Dividends of $50,000 were paid on ordinary
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Preference dividends of $20,000 were paid
Equipment with a book value of $75,000 was sold...
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Practice Questions The Azusa Better, Inc. has compiled the
following information:
Begin End
Sales $3,813 $4,019
Long-term debt 1,555 899
Interest paid 121 143
Common stock 1,500 2,150
Accounts receivable 498 402
Depreciation 306 393
Cash 413 911
Inventory 1,516 1,533
Accounts payable 387 460
Retained earnings 1,700 1,550
Cost of goods sold 2,123 2,609
Net fixed assets 2,715 2,213
Other costs 391 514
Taxes paid 305 126
For End year, find the cash flow from assets, the cash flow...
These questions are based on the following information compiled for our company at the end of...
These questions are based on the following information compiled
for our company at the end of the current year:
Cash
$2,000
Accounts receivable
$2,500
Equipment
$200
Vehicle
$4,000
Accounts payable
$1,350
Unearned revenue
$700
Common stock
$1,000
Retained earnings
$3,950 (Balance as of January 1 of the current year)
Dividends
$500
Service revenue
$4,500
Salaries expense
$1,500
Rent expense
$300
Advertising expense
$500
Calculate the dollar amount for net income on our current year’s
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a) 1700...
The financial analyst for Sportif, Inc. has compiled sales and disbursement estimates for the coming months...
The financial analyst for Sportif, Inc. has compiled sales and
disbursement estimates for the coming months of January through
May. Historically, 75 percent of sales are for cash with the
remaining 25 percent collected in the following month. The ending
cash balance in January is $3,000.
Month Sportif, Inc., Sales Disbursements
January $5,000 $6,000
February 6,000 7,000
March 10,000 4,000
April 10,000 5,000
May 10,000 5,000
The total cash receipts for April are ________.
The net cash flow for February...
An analyst has collected the following information regarding Christopher Co.: · The company's capital structure is...
An analyst has collected the following information regarding
Christopher Co.:
·
The company's capital structure is 70 percent equity, 30 percent
debt.
·
The yield to maturity on the company's bonds is 8 percent.
·
The company's year-end dividend (D1) is forecasted to
be $1.1 a share.
·
The company expects that its dividend will grow at a constant
rate of 5 percent a year.
·
The company's stock price is $25.
·
The company's tax rate is 40 percent....
An analyst has collected the following information regarding Christopher Co.: • The company’s capital structure is...
An analyst has collected the following information regarding
Christopher Co.:
• The company’s capital structure is 70 percent equity, 30
percent debt.
• The yield to maturity on the company’s bonds is 9 percent.
• The company’s year-end dividend is forecasted to be $0.80 a
share.
• The company expects that its dividend will grow at a constant
rate of 9 percent a year.
• The company’s stock price is $25.
• The company’s tax rate is 40 percent.
•...
Webster Company Ltd has compiled the following information.
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Source of capital
Book value
Market Value
After tax Cost
Long-term debt
$ 4,000,000
$3,840,000
6.0%
Preference share capital
40,000
60,000
13%
Ordinary share equity
1,060,000
3,000,000
17%
Totals
$5,100,000
6,900,000
Calculate the WACC (to the nearest two decimal places) using book value weights.
Calculate the WACC (to the nearest two decimal places) using market value weights.
...
1A. An analyst has collected the following information regarding Christopher Co.: · The company's capital structure...
1A. An analyst has collected the following information regarding
Christopher Co.: · The company's capital structure is 70 percent
equity, 30 percent debt. · The yield to maturity on the company's
bonds is 4 percent. · The company's year-end dividend (D1) is
forecasted to be $1.0 a share. · The company expects that its
dividend will grow at a constant rate of 4 percent a year. · The
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Williams, Inc., has compiled the following information on its financing costs: Type of Financing Book...
Williams, Inc., has compiled the following information on its
financing costs:
Type of Financing
Book Value
Market Value
Cost
Short-term debt
$
14,600,000
$
13,800,000
4.0
%
Long-term debt
39,500,000
34,700,000
7.1
Common stock
11,600,000
93,000,000
12.9
Total
$
65,700,000
$
141,500,000
The company is in the 23 percent tax bracket and has a target
debt-equity ratio of 60 percent. The target short-term
debt/long-term debt ratio is 20 percent.
a.
What is the company’s weighted average cost...
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