The company paid interest expense of $18,300 for 2014 and had an overall tax rate of 40% for 2014. Complete the statement of retained earnings for? 2014, and determine the dividends paid last year.

Our company has the following partial Balance Sheet:

1. What is our total stock holders’ equity?

1. $3,785,000
2. $4,105,000
3. $3,805,000
4. $8,605,000

2. How many Common shares are issued and outstanding?

1. 2,000,000 and 1,850,000
2. 2,000,000 and 2,000,000
3. 2,000,000 and 1,985,000
4. 1,985,000 and 1,985,000

3. If we sell the existing Treasury stock for $135,000 we should record:

1. A loss on sale of $15,000.
2. A credit to Paid in Capital in excess of cost for $15,000.
3. A debit to Retained Earnings of $15,000
4. A debit to Paid in Capital in excess of cost for $15,000.

4. Our stock has a Fair market Value of $12 per share on the day we exchange it for $600,000 of legal services. The journal entry to record this would include a:

1. Credit to the Common Stock account for $600,000
2. Credit to the Common Stock account for $550,000
3. Credit to the Paid-in-capital in excess of par account for $550,000
4. Credit to the Paid-in-capital in excess of par account for $50,000

5. We generated $120,000 of net income for 2011. How much of this should go to the preferred share holders?

1. $120,000
2. $114,000
3. $100,000
4. $36,000

6. We decide to issue a 50 percent stock split. The effect on our financial statements will be:

1. A decrease in Retained Earnings
2. An increase in Retained Earnings
3. An increase in total stock holders equity
4. No effect

7. We decide to sell an additional 10,000 Common shares that are authorized. The fair market value of the shares on the sale date is $13 per share. The effect on the financial statements is:

1. An increase in total assets of $130,000
2. An increase in the common stock account of $130,000
3. An increase in the gain on sale of stock account of $120,000
4. An increase in the paid-in-capital in excess of par account of $30,000

1. Analyse each item of the financial position of AirAsia Berhad using the comparative performance between year ended 2019 with year ended 2018 given.       

Contribution Margin Analysis:

We calculate contribution margin by taking our sales revenue less our variable costs. This basically tells us the portion of our sales that are available to cover the fixed cost of the business.

Contribution margin per unit is especially useful. We compute this by taking our sales revenues per unit less our variable cost per unit. With this, we can easily compute our break-even point.

Dog Day Care

Pricing at $18 per dog per day, you can expect to have 22 dogs per day

Pricing at $20 per dog per day, you can expect to have 15 dogs per day

Pricing at $25 per dog per day, you can expect to have 10 dogs per day

·       Overnight Boarding

Pricing at $25 per dog per day, you can expect to have 12 dogs per day

Pricing at $28 per dog per day, you can expect to have 10 dogs per day

Pricing at $430 per dog per day, you can expect to have 7 dogs per day

Basic Groom

Pricing at $25 per dog per day, you can expect to have 5 dogs per day

Pricing at $30 per dog per day, you can expect to have 4 dogs per day

Pricing at $35 per dog per day, you can expect to have 3 dogs per day

Break-Even Analysis:

Break-even analysis is a key element of cost-volume-profit analysis. The technique is helpful for new and small businesses to assess the viability of their start-up. However, it can also be quite beneficial for established businesses when evaluating new and existing product lines.

In this exercise, we are computing not only the break-even point but also the number of units that must be sold in order to earn given levels of target profit.

The break-even formula is:

Fixed Costs / Contribution Margin per Unit

The formula to compute the level required for a target profit is:

(Fixed Costs + Target Profit) / Contribution Margin per Unit

We have already computed fixed costs for each area in our Milestone One. We will be using these figures as follows:

Grooming, fixed costs: 2,367.92

Daycare, fixed costs: 859.39

Boarding, fixed costs: 1,378.99

Our computations would then be as follows:

Grooming

Sales Price $25

Break-even: 158

$1,000 Profit: 225

$1,500 Profit: 258

Sales Price $30

Break-even: 119

$1,000 Profit: 169

$1,500 Profit: 194

Sales Price $35

Break-even: 95

$1,000 Profit: 135

$1,500 Profit: 155

Daycare

Sales Price $18

Break-even: 65

$417 Profit: 97

$667 Profit: 116

Sales Price $20

Break-even: 57

$417 Profit: 84

$667 Profit: 101

Sales Price $25

Break-even: 43

$417 Profit: 64

$667 Profit: 76

Boarding

Sales Price $25

Break-even: 79

$583 Profit: 112

$909 Profit: 130

Sales Price $28

Break-even: 67

$583 Profit: 96

$909 Profit: 111

Sales Price $30

Break-even: 61

$583 Profit: 87

$909 Profit: 102

USING THE TABLE ABOVE PLEASE ENTER USING FORMULAS OR ENTER MANUALLY FOR THE FINANCIAL STATEMENT BELOW.

PLEASE EXPLAIN HOW YOU GOT YOUR ANSWER. THANK YOU

E4-16 (Comprehensive Income) C. Reither Co. reports the following information for 2014: sales revenue $700,000; cost of goods sold $500,000; operating expenses $80,000; and an unrealized holding loss on available-for-sale securities for 2014 of $60,000. It declared and paid a cash dividend of $10,000 in 2014.C. Reither Co. has January 1, 2014, balances in common stock $350,000; accumulated other comprehen-sive income $80,000; and retained earnings $90,000. It issued no stock during 2014.Instructions Prepare a statement of stockholders’ equity.

COMPREHENSIVE INCOME STATEMENT

Trial Balance Transactions Required: 5 Assets, 2 Liabilities, 2 Equity, 1 Revenue, and 5 Expense accounts Jan 1 Owner invested $10,000 and recorded ownership in the company 2 Company paid current month's rent $500 7 Purchased merchandise to sell to customers on account from vendor TicWick Products $3,000 8 Sold to customer Mary Jones merchandise on account $1,600; cost of merchandise was $1,000 10 Signed a contract with a new supplier 15 Paid advertising from checking $100 17 Purchased a new computer from checking $250 20 Mary Jones paid her account balance in full. Amount deposited to checking account. 22 Paid legal fees $200 23 Purchased store equipment on account from Ace Supply $1,000. 25 Paid utilities $140 28 Paid 3 months of insurance $300 for coverage beginning Feb 1. 31 Paid Ace Supply for amount owed

6.      Hernandez Tool and Die has three service? departments:

Cost-allocation bases are budgeted as? follows:

1.      Supposed Hernandez allocates all service department costs directly to the production departments without allocation to other service departments. How much of the budgeted costs of each service department are allocated to each production department? Choose the most logical cost-allocation base for each service department. To plan your work, examine number 2 before undertaking this question.

2.      The company has decided to use the step-down method of cost allocation. General factory administration would be allocated first, then cafeteria, then engineering. Cafeteria employees work 43,400 labor hours per year. There were 60 engineering employees with 356,600 total labor hours. Recompute the results in number 1, using the step-down method. Show your computations. Compare the results in numbers 1 and 2. Which method of allocation is best? Why?

3.      For each type of cost assignment made in number 2 using the step-down method, indicate the assignment type.

Among the ten accounting principles (measurement principle, revenue recognition principle, matching principle, full disclosure principle, going concern assumption, monetary unit assumption, time period assumption, business entity assumption, materiality constraint, ans cost benefit constraint), which one of these ten do you believe is the most important and why. (answer in 12 sentences)