1001.08.11Douglass Enterprises IncomeStatement for the Present YearSalesCostsTaxable incomeTaxesNet IncomeDividendsAddition to ret earningsDouglass EnterprisesBalance Sheet forthe Present YearCashAccounts recInventoryCurrent assetsFixed assetsTotal assets$1,010 Accounts payable$302 Notes payable$361 Current liabilities$1673 Long term debt$5,200 Common stockRetained earnings$6,87 Total abities &equity$4,840$4,120$720$245$475$190$285$536$1,500$2,036$1.200$3,000$637$6.873Assets, accounts payable and costs are proportional to sales. Debt and equity are notThe sales of Douglass Enterprises are expected to increase by 9% next year. The debt-equity ratio and the dividend payout ratio are to be held constantCurrently the firm is producing at 82% of capacity What is the addition to retained earnings? Multiple ChoiceOOOO$518$385$311$475$437

The income statement is a presentation of the organization's performance during the specified…

10 010811 Douglass Enterprises Income Statement for the Present Year Sales Costs Taxable income Taxes Net Income Dividends Addition to ret earnings Douglass Enterprises Balance Sheet for the Present Year Cash Accounts rec Inventory Current assets ed assets Total assets $1010 Accounts payable Notes payable Current abbes $1672 Long term debt $5.200 Common stock Retained earnings $6.87 Total sabates & equity $302 $361 $4,840 $4,120 $720 $245 $475 $190 $285 $5.30 $1,500 $2.03 $1.200 $3,000 $637 $6.873 Assets, accounts payable and costs are proportional to sales Debt and equity are not The sales of Douglass Enterprises are expected to increase by 9% next year. The debt-equity ratio and the dividend payout ratio are to be held constant Currently the firm is producing at 82% of capacity What is the addition to retained earnings?

10 010811 Douglass Enterprises Income Statement for the Present Year Sales Costs Taxable income Taxes Net Income Dividends Addition to ret earnings Douglass Enterprises Balance Sheet for the Present Year Cash Accounts rec Inventory Current assets ed assets Total assets $1010 Accounts payable Notes payable Current abbes $1672 Long term debt $5.200 Common stock Retained earnings $6.87 Total sabates & equity $302 $361 $4,840 $4,120 $720 $245 $475 $190 $285 $5.30 $1,500 $2.03 $1.200 $3,000 $637 $6.873 Assets, accounts payable and costs are proportional to sales Debt and equity are not The sales of Douglass Enterprises are expected to increase by 9% next year. The debt-equity ratio and the dividend payout ratio are to be held constant Currently the firm is producing at 82% of capacity What is the addition to retained earnings?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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I Other bookr s Costing i Saved Help Save & Exit Muckenfuss Clinic uses the step-down method to allocate service department costs to operating departments. The clinic has two service departments, Personnel and Information Technology (IT), and two operating departments, Family Medicine and Geriatric Medicine. Data concerning those departments follow: Service Department Operating Department Information Personnel Technology Family Medicine $ 329,020 Geriatric Medicine $ 49,280 Departmental costs Employees $ 23,420 $ 146,420 12 30 120 186 Personnel costs 13 31 80 134 Personnel costs are allocated first on the basis of employees and Information Technology costs are allocated second on the basis of Personnel costs. The total Geriatric Medicine Department cost after allocations is closest to: Multiple Choice $163,734 $191,120 ENG hp
The balance sheet of Cattleman's Steakhouse shows assets of $104,400 and liabilities of $30,000. The fair value of the assets is $112.500 and the fair value of its liabilities is $30,000. Longhorn paid Cattleman's $140,000 to acquire all of its assets and liabilities. Longhorn-should record goodwill on this purchase of: Muitiple Choice $27,500. $41.100. $98,600.
|- Chapter 5 Saved Help N FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1.03000 0.97087 2 1.06090 0.94260 1.0000 0.97087 1.0300 00000 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 3.0909 2.82861 3.1836 2.91347 4.1836 3.71710 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6 1.19405 0.83748 6.4684 5.41719 6.6625 5.57971 6.41719 71.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 | 10.1591 7.6625 6.23028 7.8923 8.8923 7.01969 9.1591 7.23028 7.78611 10.4639 8.01969 10 1.34392 0.74409 11.4639 8.53020 11.8078 8.78611 9.53020 11 |1.38423 0.72242 12 1.42576 0.70138 | 14.1920 13 1.46853 0.68095| 15.6178 10.63496 12.8078 9.25262 13.1920 9.95400 14.6178 10.25262 16.0863 |10.95400 17.5989 11.63496 14 4.51259 0.66112 17.0863 11.29607 15 1.55797 0.64186 19.1569 |12.29607 20.7616 12.93794 18.5989 11.93794 16 1.60471 0.62317| 20.1569 |12.56110 Today. Thomas deposited $190,000 in a 2-year, 12% CD that compounds quarterly. What is the maturity value of the CD?
G You want t x nheducation.com/ext/map/index.html?_con%3con&external browser%30&launchUrl=https%253A%252F%252Fbbhosted.cuny.edu%252Fwebapps%252Fportahs252Fframes. Books Login Module 5- Chap 1 8. H Office templates &t. 用Rea Il - Chapter 5 1 Saved FV $1 Help Save & Exit Submit N PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000 2 1.06090 0.94260 1.09273 0.91514 4 1.12551 0.88849 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 2.91347 4.1836 3.71710 4.3091 3.82861 1.15927 0.86261 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 9 1.304770.76642| 10.1591 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 5.3091 4.57971 5.4684 4.71710 6 6.4684 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 7.78611 10.4639 8.01969 8.53020 11.8078 9.25262 11.4639 8.78611 12.8078 13.1920 9.53020 9.95400| 14.6178 |10.25262 16,0863 10.95400 17.0863 11.29607 | 17.5989 |11. 63496 11.93794 | 19.1569 |12.29607 14.1920 46853 0. 68095 14…
Multiple Choice O C J $127.778. $102,222. $150,050. $142,471. $122.402.
Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 18,400 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $17,200. An additional 86,000 units were started into production during the month. There were 19,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $838,880 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to: Multiple Choice $9.967 $9.400 $8.686 ENG US
Help Save & Exit A company purchased land, a building, and equipment for one price of $1,650,000. The estimated fair values of the land, building, and equipment are $206,250, $1,443,750, and $412,500, respectively. At what amount would the company record the land? Multiple Choice $175,000 $206,250 $165,000 Prev 1 of 15 Next >
The bond has a coupon rate of 5.69 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A clean price of $935 and the par value is $1,000. What is the invoice price?
The tax rates are as shown below: Taxable Income $0-50,000 50,00175,000 75,001 100,000 100,001 335,000 Tax Rate 158 25% 34% 39% Your firm currently has taxable income of $81,500. How much additional tax will you owe if you increase your taxable income by $22,700?