31 - The stock movements of entity A are as follows. Calculate STMM AVAILABLE OF GOODS PER PERIOD: 50000 TL PERIOD PURCHASES: 90000 TL FINANCIAL AVAILABILITY AT THE END OF THE TERM: 20000TL A) 120.000 TL B) 70.000 TL C) 60.000 TL D) 100.000 TL E) 130.000 TL

31 - The stock movements of entity A are as follows. Calculate STMM AVAILABLE OF GOODS PER PERIOD: 50000 TL PERIOD PURCHASES: 90000 TL FINANCIAL AVAILABILITY AT THE END OF THE TERM: 20000TL A) 120.000 TL B) 70.000 TL C) 60.000 TL D) 100.000 TL E) 130.000 TL

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: (a) Calculate and Closing stock from the following information:-Total sales Rs 600000Gross Profit…

A: Given, Gross profit= 25% of sales =25% of 600000= 150000 Cost of goods…

Q: The te pe paid

A: The entity provides services once in a week in a year Weeks in a year = 52 weeks share price =P 20…

Q: calculate stock turnover ratio opening stock 40000,sales 2000000,closing stock 20000,purchase…

A: The stock turnover ratio is calculated as cost of goods sold divided by average inventory. Cost of…

Q: Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases -…

A: Formula used: Cost of goods sold = Opening stock + Purchases - Closing stock

Q: Cleveland Company has a stock portfolio valued at $4,000. Its cost was $3,300. If the Securities…

A: Journal entries refer to the recording of transactions in an appropriate way. With the help of…

Q: The average shareholders' equity fot Bettina Co. for 19x8 was P2,000,000. Included in this figure is…

A: The return on common stock holder's equity is computed by dividing the net income available to…

Q: e following information is taken from Tanaka Bhd for the year ended 31 December 2020. Preference…

A: Both solvency and liquidity are terms that refer to a company's financial health, but they differ in…

Q: n paid in the year ended 31 December 2020 amounted to on the profit of the year ended 31 December…

A: Interest and Taxes are deducted from the profits and Dividends are the appropriations of profits.

Q: Qs) For its fiscal year- end, Calvan Water Corporation (CWC) reported net income of $12 million and…

A: Diluted EPS- It is the measurement of quality of Earnings Per Share after accounting for exercised…

Q: The following information is taken from Tanaka Bhd for the year ended 31 December 2020. Preference…

A: (iv) Profit Margin = Net ProfitNet Sales=RM6,448,000RM100,000,000=6.448%=6% (v) Earnings per share…

Q: 3. You were given the following market values for the stock of Gold Co., Inc. for the first 6 months…

A: A return that is earned by holding a security from starting to a specific time period is term as the…

Q: Total Equity Total Llabilities & Equity 377.108 264 567,611,591 316.036.063 460,065,050 Using the…

A: Answer a: ROA=Net IncomeTotal AssetsROA (2014)=45,596,895460,065,050=9.91%ROA…

Q: PQR Co. has earnings of $2.66 per share. The benchmark PE for company is 19. What stock price (to…

A: Formula:

Q: The following information is taken from Tanaka Bhd for the year ended 31 December 2020. Preference…

A: Note: As per our guidelines, only the first three subparts will be answered i. Current ratio =…

Q: The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020,…

A: *As per bartleby guideline in case of interlinked question answer first 3 only 1) Calculation of…

Q: Financial information for Forever 18 includes the following selected data:($ in millions)…

A: Financial ratio analysis: It can be defined as an analysis tool that is based upon the relative…

Q: classified as trading investment. During the year, the entity sold 20,00 share. On December 31,…

A: Solution: During 2013, G Company Purchased 80,000 shares @ P60 per Share. therefore, Total Cost…

Q: Figure 1. Gmaria Corporation had net income of P250,000 and paid dividends to common stockholders of…

A: The term price to earnings ratio tells us the amount that investors are willing to pay to receive…

Q: The market capitalization of Abutia Plc as at 31 December 2018 was GHC21 million. The stated capital…

A: Price Earning Ratio refers to a financial ratio that is being used in order to value a stock and…

Q: price as at 31 December R9.05 R5.12 Earnings per share for the year to 31 December R0.65 R0.38…

A: Price earning ratio refers to the ratio that reflects the overall earning range of a company in…

Q: Company XYZ reports the following results on its adjusted trial balance check sheet: Sales (net)…

A: Statement of retained earnings is the important financial statement which gives idea about the…

Q: Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases -…

A: Formula: Cost of goods sold = Opening stock + Purchases - closing stock Deduction of closing stock…

Q: From the following information, complete the Balance Sheet Equity 500,000, Current Liabilities to…

A: The question is related to Ratio Analysis. The details regarding ratio are given.

Q: The market price of the ordinary shares at 31 December 2020 was Rs1.60. The dividend yield on…

A: Operating income is referred to that part of profit that is calculated by deducting operating…

Q: held for future business site 18,000 In Hector's December 31, 2021 balance sheet, the current assets…

A: 25. Current Assets = Accounts Receivable + Trading Securities + Cash + Inventory + Prepaid Expenses…

Q: Use the following information in the table below to answer the question: Blanc Blanc Financial Year…

A: Calculate the book value per share (BVPS) in Year 2019 by dividing the total shareholders' equity…

Q: Answer the Question based on the data given below; OPENING STOCK OMR 25000 CLOSING STOCK OMR 35000…

A: Given OPENING STOCK OMR 25000 CLOSING STOCK OMR 35000 NET PURCHASES OMR 130000 MANUFACTURING…

Q: Assuming a net income for P1.5 billion by the end of the year 50, 000 normal shares outstanding…

A: The fiscal and monetary policy controls are referred to as the government's demand management…

Q: The following information is taken from Tanaka Bhd for the year ended 31 December

A: From the industry average, identify and comment on Tanaka Bhd’s profitability Particulars Amount…

Q: Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases -…

A: Introduction: Cost of good sold: Deduction of closing stock from opening stock and purchases derives…

Q: balances of AOCI $27,000 (debit), APIC $77,000, and Retained Earnings $313,000. For Year 2, the…

A: The company can issue shares for the whole accounting year and it can sell at any time for the need…

Q: price of common shares is $30, what is the price-earnings ratio on common stock for Year 2? (Round…

A: Price earnings ratio = Market price per share/ Earnings per share

Q: 3. Majaan Company reported the following information for 2010 Sales revenue$500,000 Unrealized…

A: 3) Comprehensive Income = Net Income + Other Comprehensive Income 4) Basic Earnings per share = Net…

Q: he following information is taken from Tanaka Bhd for the year ended 31 December 2020. Preference…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts…

Q: 25 - Current assets of an enterprise are 1.200.000 TL, stocks are 200.000 TL and short-term…

A: We know that Acid Test ratio = (Current Assets - Inventory)/Current liabilities Acid test ratio…

Q: The market price of the ordinary shares at 31 December 2020 was Rs1.60. The dividend yield on…

A: Retained profit is determined by deducting all expenses, tax amount and distribution of dividend on…

Q: Calculate COGS from the following? Opening stock - OMR 12,000 Closing stock - OMR 8,000 Purchases -…

A: Cost of goods sold = Opening stock + Purchases - closing stock

Q: 2. The market value of the stocks of Sun Corporation at the beginning of year 1 is P150 per share;…

A: Holding period return is the return earned by the investor for the period.

Q: Compute the following ratios for 2021 and 2022. 2022 2021 Profit margin…

A: Profit margin = Net Income / net sales, Gross profit rate = Gross profit / Net sales, Asset Turnover…

Q: 00 and is carried forward on the Taxation account. The retained profit for the year ended 31…

A: Interest and Taxes are deducted from the profits and Dividends are the appropriations of profits.

Q: 2- The cumulative net profit of a company traded in BIST is given below. Net Profit/ (Cumulative)…

A: Net profit :- The amount of money your company makes after deducting all operational, interest, and…

Q: Prepare a multiple-step income statement for 2020. Assume that 66,880 shares of common stock are…

A: Concord Corp Income Statement For the year ended December 31, 2020 Net sales $1,144,000…

Q: 5

A: Lets understand the basics. For inventory valuation, there are various methods follows which are,…

Q: The following data were gathered from annual report of Tomas products Market Price per Share #20.00…

A: Book value per share is the per share value of the share reported in the books of the entity.

Q: Compute the following ratios for 2022. (Round Earnings per share, Current ratio and Asset turnover…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. Ratio…

Q: Prepare Iqra Ltd’s Profit and Loss Account for the year ended 31 December 2020 in as much detail as…

A: The profit or loss account can be defined as the financial statement being prepared at the year-end…

Q: Time left 1:51:53 The following information is availab Company. Number of shares = 500000 Long-term…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: Example 5: A firm sold goods worth 75,00,000 and its gross profit is 20 per cent of sales value. The…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Concept explainers

Stock Yields

The stock yield is otherwise known as the dividend yield. The dividend yield is an annual payment of the stock dividends to the holder of a firm’s stock. The dividend yield is a financial ratio to measure the value of dividend payout every year for the relative stock price. The yield of a stock is usually shown in a percentage that discloses the expected future earnings from stock depending on the current stock price in the future. Stock yield will change depending on the market fluctuations and in accordance with the market fluctuations, the dividends will be increased or decreased by the firm.

Question

31 - The stock movements of entity A are as follows. Calculate STMM
AVAILABLE OF GOODS PER PERIOD: 50000 TL
PERIOD PURCHASES: 90000 TL
FINANCIAL AVAILABILITY AT THE END OF THE TERM: 20000TL

A) 120.000 TL

B) 70.000 TL

C) 60.000 TL

D) 100.000 TL

E) 130.000 TL

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

14 - According to the moving price method, which of the following is the approximate amount of Asset Stock at the End of the Period? a) 36,549 TL B) 43,480 TL NS) 56,451 TL D) 93,000 TL TO) 33,480 TL
2 According to the average price method, which of the following is the amount of Asset Stock at the End of the Period? a) 37,200 TL B) 59,250 TL NS) 43,480 TL D) 33,480 TL TO) 93,000 TL
(a) Calculate current Ratio and Quick Ratio from the followinginformation:Total Assets Rs. 350000Fixed Assets Rs. 175000Investment Rs. 70000Fictitious Assets Rs. 5000Share holders fund Rs. 200000Long term Debts Rs. 100000Inventory Rs. 45000(b) From the following information calculate the stock turnoverratio.Sales Rs. 200000, G.P 25% on cost, Opening Stock was 1/3rd of thevalue of closing stock. Closing stock was 30% of sales
The following data are taken from the books of a dealer in securities: How mu ch is the outputtax using 12% rate? Share held as inventory Share held as investment Selling price 3,000,000 2,000,000 Acquisition cost 1,000,000 1,500,000 Oth er Income 200,000
If purchases = 320000, Turnover = $60000, Average Stock 580000, Carriage Outwards 24500 and Opening Stock = 56000 Calculate the Closing Stock.
The following information is taken from Tanaka Bhd for the year ended 31 December2020.Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Industry average ratioi. Current ratio 2.3 : 1ii. Quick ratio 1.1 : 1iii. Asset turnover 2.0iv. Profit margin 4.0%v. Earnings per share RM0.46vi. Rate of return on total assets 11.0% From the industry average, identify and comment on Tanaka Bhd’s profitability and shortterm liquidity.
The following information is taken from Tanaka Bhd for the year ended 31 December2020. Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Required:a. Calculate the following ratio for 2020: Industry average ratioi. Current ratio 2.3 : 1ii. Quick ratio 1.1 : 1iii. Asset turnover 2.0
The following information is taken from Tanaka Bhd for the year ended 31 December2020.Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Industry average ratioi. Current ratio 2.3 : 1ii. Quick ratio 1.1 : 1iii. Asset turnover 2.0iv. Profit margin 4.0%v. Earnings per share RM0.46vi. Rate of return on total assets 11.0%Assumption: all sales in credit; finance expense means interest; ordinary share outstandingthroughout both years = 10,000,000 shares. From the industry average, identify and comment on Tanaka Bhd’s profitability and shortterm liquidity.
The following information is taken from Tanaka Bhd for the year ended 31 December2020.Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Required:a. Calculate the following ratio for 2020: Industry average ratio iv. Profit margin 4.0%v. Earnings per share RM0.46vi. Rate of return on total assets 11.0%Assumption: all sales in credit; finance expense means interest; ordinary share outstandingthroughout both years = 10,000,000 shares.
The following information is taken from Tanaka Bhd for the year ended 31 December2020.Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Required:a. Calculate the following ratio for 2020: Industry average ratioi. Current ratio 2.3 : 1ii. Quick ratio 1.1 : 1iii. Asset turnover 2.0Assumption: all sales in credit; finance expense means interest; ordinary share outstandingthroughout both years = 10,000,000 shares.
The following information is taken from Tanaka Bhd for the year ended 31 December2020.Preference dividend declared and fully paid in 2020: RM100,000Ordinary dividend declared and fully paid in 2020: RM3,960,000Preference share marketable price per unit at 31 December 2020: RM4.60Ordinary share marketable price per unit at 31 December 2020: RM9.00 Required:a. Calculate the following ratio for 2020: Industry average ratioi. Current ratio 2.3 : 1ii. Quick ratio 1.1 : 1iii. Asset turnover 2.0iv. Profit margin 4.0%v. Earnings per share RM0.46vi. Rate of return on total assets 11.0% Assumption: all sales in credit; finance expense means interest; ordinary share outstandingthroughout both years = 10,000,000 shares. b. From the industry average, identify and comment on Tanaka Bhd’s profitability and shortterm liquidity.
Determine the following measures for 20Y2, rounding to one decimal place including, percentage, except for per-share amounts. 6. Inventory Turnover 7. number of days sale in inventory 8. Ratio of fixed assets to long-term liabilities 9. ratio of liabilities to stockholders equity 10. times interest earned 11. asset turnover 12. return on total asset 13. return on stockholders equity 14. return on common stockholders equity 15. earnings per share on common stock 16. price-earnings ratio 17. dividends per share of common stock 18. dividend yield