answer 13 is d and 14 is e
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answer 13 is d and 14 is e
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Hillel Company...
No handwritten work Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock...
No handwritten work
Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock ($150 par, 10%, cumulative, non-participating) for $600,000 and additional common stocks ($4 par value) for $4,000,000. The Additional Paid in Capital (APIC) related to the common stocks was $3,200,000. On Dec 31st 2015 the company declares for the first time a dividend in the amount of $2,320,000. 13. Which dividend amount will be distributed to a person holding 1,500 common shares? a. $22,000 b....
show work, no hand written work 1. Eizik Company was founded on Jan 1st 2014 by...
show work, no hand written work
1. Eizik Company was founded on Jan 1st 2014 by issuing 100,000 shares ($1 par value) for $400,000 in cash. Following are relevant transactions: – On July 1st 2014 the company declared and paid dividend to its shareholders in the amount of 20% out of company's shares par value. On Dec 31st 2014 the company took a $500,000 loan from the bank that is due back within 5 years and carries 10% annual interest...
No handwritten work please Yonatan Company was established on Jan 1st 2014 by issuing 1,000 shares...
No handwritten work please
Yonatan Company was established on Jan 1st 2014 by issuing 1,000 shares ($1 par value) in return to $4,000 in cash. As of Dec 31st 2014, the company had the following items on its balance sheet: Cash $25,000, Accounts Receivable, net $23,750, Inventory $10,000, Accrued Expenses $100, Long Term Liabilities $15,000, Common stock (??), Paid in Capital (??), Retained Earnings (??). Also, the allowance for doubtful accounts for Dec 31st 2014 is $1,250. During 2015 the...
explain all answer, no written work The following information is relevant for question 9 and 10:...
explain all answer, no written work
The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for Dec 31 2014 is as follows (amounts in USD): 31/12/2014 Preferred stock, 5%, $120 par, non-cumulative, 6,000 shares 720,000 Common stock, ($2 par value each) 2,100,000 Additional paid-in capital-preferred 50,000 Additional paid-in capital-common 6,300,000 Total paid-in capital 6,350,000 Retained earnings 13,500,000 Total paid-in capital & retained earning 19,850,000 Total owners' equity 22,670,000 9. What were...
AVA COMPANY Please answer promptly and show all work. Question 10 O out of 0.5 points...
AVA COMPANY
Please answer promptly and show all
work.
Question 10 O out of 0.5 points The shareholders' equity of Ava Company on January 1, 2017, included the following: $256,849 Common stock, $0.7 par; authorized, 800,000 shares; You will need to calculate the issued shared Paid-in capital—excess of par Retained earnings -hs 55,621 $500,000 On April 1, 2017, the board of directors of Ava declared a 14% stock dividend on common shares, to be distributed on June 1. The market...
The following information is relevant for question 14 and 15: 31-12-16 31-12-15 Preferred stock, 5%, $120...
The following information is relevant for question 14 and 15: 31-12-16 31-12-15 Preferred stock, 5%, $120 par, cumulative, 6,000 shares Common stock, $2 par, 3,000,000 shares authorized Additional paid-in capital-preferred Additional paid-in capital common Total paid-in capital Retained earnings Total paid-in capital & retained earning Treasury stock, 18,000 (2016) and 11,000 (2015) shares of common stock 720,000 1,200,000 100,000 10,750,000 10,850,000 18,600,000 29,450,000 (200,000) 720,000 1,000,000 100,000 9,500,000 9,600,000 13,500,000 23,100,000 (130,000) The company didn't sell any treasury shares during...
please show work Problem 15-03 Cheyenne Company has two classes of capital stock outstanding: 8%, $20...
please show work
Problem 15-03 Cheyenne Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 152,800 shares Common Stock, 1998,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,056,000 9,990,000 200,000 26,724,000 4,571,000 The following transactions affected stockholders' equity during 2021. 2 Jan. 1 Feb. 1 June 1 July 1...
Please show all work. Thanks in advance Pina Company has two classes of capital stock outstanding:...
Please show all work. Thanks in advance
Pina Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 146,600 shares Common Stock, 1,998,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,932,000 9,990,000 201,000 26,651,000 4,581,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1...
Ava Company Debit to Retained Earnings Please answer promptly and show all work/calculations. Thank you! HIVIUVIIS LU d...
Ava Company
Debit to Retained Earnings
Please answer promptly and show all
work/calculations. Thank you!
HIVIUVIIS LU dlluller quesLIUIT WIII Save LiSTesponse. < < Questloh 4 of 10 > >> Question 4 0.5 points Save Answer The shareholders' equity of Ava Company on January 1, 2017, included the following: Common stock, $1.8 par; authorized, 800,000 shares; $216,495 You will need to calculate the issued shared Paid-in capital—excess of par 78,928 Retained earnings a $500,000 On April 1, 2017, the board...
Determine the Net Purchases of your company. Show and label your work. Use the following formula:...
Determine the Net Purchases of your company. Show and label
your work. Use the following formula: Beginning Inventory + Net
Purchases = Ending Inventory + COGS. Hint: Remember, the prior
year’s ending inventory is the current year’s beginning
inventory.
Beginning inventory=
Net purchases=
Calculate your company’s Historical Gross Profit Rate. Show and
label your work! Use the following formula: Gross Profit from Prior
Periods / Net Sales from Prior Periods.
Using the information calculated in “d” and “e” above,
calculate...
No handwritten work
Hillel Company was established on Jan 1st 2014 by issuing 4,000 preferred stock ($150 par, 10%, cumulative, non-participating) for $600,000 and additional common stocks ($4 par value) for $4,000,000. The Additional Paid in Capital (APIC) related to the common stocks was $3,200,000. On Dec 31st 2015 the company declares for the first time a dividend in the amount of $2,320,000. 13. Which dividend amount will be distributed to a person holding 1,500 common shares? a. $22,000 b....
show work, no hand written work
1. Eizik Company was founded on Jan 1st 2014 by issuing 100,000 shares ($1 par value) for $400,000 in cash. Following are relevant transactions: – On July 1st 2014 the company declared and paid dividend to its shareholders in the amount of 20% out of company's shares par value. On Dec 31st 2014 the company took a $500,000 loan from the bank that is due back within 5 years and carries 10% annual interest...
No handwritten work please
Yonatan Company was established on Jan 1st 2014 by issuing 1,000 shares ($1 par value) in return to $4,000 in cash. As of Dec 31st 2014, the company had the following items on its balance sheet: Cash $25,000, Accounts Receivable, net $23,750, Inventory $10,000, Accrued Expenses $100, Long Term Liabilities $15,000, Common stock (??), Paid in Capital (??), Retained Earnings (??). Also, the allowance for doubtful accounts for Dec 31st 2014 is $1,250. During 2015 the...
explain all answer, no written work
The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for Dec 31 2014 is as follows (amounts in USD): 31/12/2014 Preferred stock, 5%, $120 par, non-cumulative, 6,000 shares 720,000 Common stock, ($2 par value each) 2,100,000 Additional paid-in capital-preferred 50,000 Additional paid-in capital-common 6,300,000 Total paid-in capital 6,350,000 Retained earnings 13,500,000 Total paid-in capital & retained earning 19,850,000 Total owners' equity 22,670,000 9. What were...
AVA COMPANY
Please answer promptly and show all
work.
Question 10 O out of 0.5 points The shareholders' equity of Ava Company on January 1, 2017, included the following: $256,849 Common stock, $0.7 par; authorized, 800,000 shares; You will need to calculate the issued shared Paid-in capital—excess of par Retained earnings -hs 55,621 $500,000 On April 1, 2017, the board of directors of Ava declared a 14% stock dividend on common shares, to be distributed on June 1. The market...
The following information is relevant for question 14 and 15: 31-12-16 31-12-15 Preferred stock, 5%, $120 par, cumulative, 6,000 shares Common stock, $2 par, 3,000,000 shares authorized Additional paid-in capital-preferred Additional paid-in capital common Total paid-in capital Retained earnings Total paid-in capital & retained earning Treasury stock, 18,000 (2016) and 11,000 (2015) shares of common stock 720,000 1,200,000 100,000 10,750,000 10,850,000 18,600,000 29,450,000 (200,000) 720,000 1,000,000 100,000 9,500,000 9,600,000 13,500,000 23,100,000 (130,000) The company didn't sell any treasury shares during...
please show work
Problem 15-03 Cheyenne Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 152,800 shares Common Stock, 1998,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,056,000 9,990,000 200,000 26,724,000 4,571,000 The following transactions affected stockholders' equity during 2021. 2 Jan. 1 Feb. 1 June 1 July 1...
Please show all work. Thanks in advance
Pina Company has two classes of capital stock outstanding: 7%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 146,600 shares Common Stock, 1,998,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,932,000 9,990,000 201,000 26,651,000 4,581,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1...
Ava Company
Debit to Retained Earnings
Please answer promptly and show all
work/calculations. Thank you!
HIVIUVIIS LU dlluller quesLIUIT WIII Save LiSTesponse. < < Questloh 4 of 10 > >> Question 4 0.5 points Save Answer The shareholders' equity of Ava Company on January 1, 2017, included the following: Common stock, $1.8 par; authorized, 800,000 shares; $216,495 You will need to calculate the issued shared Paid-in capital—excess of par 78,928 Retained earnings a $500,000 On April 1, 2017, the board...
Determine the Net Purchases of your company. Show and label
your work. Use the following formula: Beginning Inventory + Net
Purchases = Ending Inventory + COGS. Hint: Remember, the prior
year’s ending inventory is the current year’s beginning
inventory.
Beginning inventory=
Net purchases=
Calculate your company’s Historical Gross Profit Rate. Show and
label your work! Use the following formula: Gross Profit from Prior
Periods / Net Sales from Prior Periods.
Using the information calculated in “d” and “e” above,
calculate...
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