gageNOWv2 | Online teach xb Answered: Wonder Sales is aut xcakeAssignment/takeAssignmentMain.do?invoker%3&takeAssignmentSessionLocator=&inprogress=falseUpdateеВookShow Me HowPrint ItemStatement of stockholders' equityNoric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,125,000; and Retained Earnings,$13,000,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $17 per share. Noric reported the following results for themonth ended October 31:Net income$2,400,000Cash dividends declared485,000Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amountas a negative number using a minus sign. If an amount box does not require an entry, leave it blank.Noric Cruises Inc.Statement of Stockholders' EquityFor the Month Ended October 31AdditionalPaid-InCommonRetainedCapitalStockEarningsTotalBalances, October 1 V120,000 v $3,125,00013,000,00016,245,000Issued Common Stock2,400,000 X2,400,000 XNet Income v485,000 X485,000 XDividends v50,00080,000 X850,000 xBalances, October 31 VFoodbaok

Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.

Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.

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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* CengageNOWv2 | Online teachin x E Login engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. * еВook Show Me How Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Υ5 20Y6 Net income $1,688,000 $2,459,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 90,000 shares 110,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Υ6 Earnings per Share b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? Check My Work
You've collected the following information from your favorite financial website. 52-Week Price Div PE Close Net Hi Lo Yld % Ratio Price Stock (Div) Palm Coal .36 Chg 77.40 10.43 2.6 6 13.90 -.24 55.81 33.42 Lake Lead Grp 1.54 3.8 10 40.43 -.01 130.93 69.50 SIR 2.00 2.2 88.97 3.07 50.37 14.08 DR Dime .93 6.0 15.56 -.26 .18 35.00 20.74 Candy Galore .32 1.5 ?? According to your research, the growth rate in dividends for DR Dime for the previous 10 years has been negative 13 percent. If investors feel this growth rate will continue, what is the required return for DR Dime stock? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Required return -8.80 × % 06808 10 28
еВook Show Me How Print Item Ratio of liabilities to stockholders' equity The following data were taken from Alvarado Company's balance sheet: Dec. 31, 20Y4 Dec. 31, 20ҮЗ Total liabilities $4,900,000 $2,100,000 Total stockholders' equity 4,900,000 2,800,000 a. Compute the ratio of liabilities to stockholders' equity for each year. Round your answers to 2 decimal places. Dec. 31, 20Y4 Dec. 31, 20ҮЗ b. Has the creditor's risk increased or decreased from December 31, 20Y3, to December 31, 20Y4? Decreased Increased
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You've collected the following information from your favorite financial website. 52-Week Price Div PE Close Net Hi Lo Yld % Ratio Price Stock (Div) Palm Coal .42 Chg 78.00 10.49 2.9 6 14.50 -.24 Lake Lead Grp 55.81 33.42 3.8 40.43 -.01 130.93 69.50 SIR 2.00 2.2 88.97 3.07 50.24 13.95 DR Dime .80 5.2 15.43 -.26 35.00 20.74 Candy Galore .32 1.5 ?? .18 According to your research, the growth rate in dividends for Palm Coal for the previous 10 years has been 4 percent. If investors feel this growth rate will continue, what is the required return for Palm Coal stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return % 1.54 6068 10 10 28
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You've collected the following information from your favorite financial website. 52-Week Price Div PE Close Net Hi Lo Yld % Ratio Price Chg Stock (Div) Palm Coal .36 77.40 10.43 2.6 6 13.90 -.24 55.81 33.42 Lake Lead Grp 1.54 3.8 10 40.43 -.01 130.93 69.50 SIR 2.00 2.2 10 88.97 3.07 50.37 14.08 DR Dime .93 6.0 15.56 -.26 35.00 20.74 Candy Galore .32 1.5 28 ?? .18 According to your research, the growth rate in dividends for DR Dime for the previous 10 years has been negative 13 percent. If investors feel this growth rate will continue, what is the required return for DR Dime stock? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Required return %
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Financial Statements from the End-of-Period Spreadsheet Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31, 20V9: Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 20Y9 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 10,710 10,710 Accounts Receivable 25,500 25,500 Supplies 2,700 2,270 430 Land 22,190 22,190 Office Equipment 20,910 20,910 Accumulated Depreciation 2,830 1,350 4,180 Accounts Payable 6,890 6,890 Salaries Payable 330 330 Common Stock 8,600 8,600 Retained Earnings 17,410 17,410 Dividends 3,320 3,320 Fees Earned 70,770 70,770 Salary Expense 19,130 330 19,460 Supplies Expense 2,270 2,270 Depreciation Expense 1,350 1,350 Miscellaneous Expense 2,040 2,040 106,500 106,500 3,950 3,950 108,180 108,180 Based on the preceding spreadsheet, prepare an income statement for Demo Consulting. Demo Consulting…
Refer to the financial statements of Mixon Company in Exercises 1–3 and 1–5. The following additional information about the company is known: Please see attached images Commonstockmarketprice,December31,2006 ...... $15.00 Common stock market price, December 31, 2005 . . . . . . 14.00 Annualcashdividendspersharein2006 ............ 0.60 Annualcashdividendspersharein2005 ............ 0.30 To help evaluate the profitability of the company, compute the following for 2006 and 2005: (a) return on common stockholders’ equity, (b) price-earnings ratio on December 31, and (c) divi- dend yield.
A company had the following transactions for the month of February 2021. Purchases Sales Feb 1 200 @ $4 Feb 4 40 @ $10 Feb 13 80 @ $5 Feb 17 200 @ $12 What is the value of closing stock using FIFO? a) $200 b) $160 c) $480 d) $400
ended has a net income of $598.000 which is $0.285 per share of common stock outstanding The price-earmings ratio for firms similar to Underwood utstanding) of $1.349.000 Furthermore, the firm's income statement for the year just lenovo Mylab Finance AllAX O Do Homework-2-1 x O Mail- jones Marsha x Home 021 Mdinancelab A X O Mylab Finance AllAX O Do Homework-2 mathd.com/Student/PlayerHomework.aspx?homeworkld-6124046148questionld 128fushed true&did 6737629&back-https://www.mathl.com/Student/DoAssignments.aspx?tool.consu Marsha Jones & 11/09/21 1:37 AM FIN-320-X2164 Principles of Finance 21EW2 E Homework: 2-1 MyFinancelab Assignment Question 12, P4-21 (simi. HW Score: 12%, 6 of 50 points O Points: 0 of 4 Save Part 1 of 2 (Market value analysis) The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share xtolal 1871 a What price would you expect Underwood Motors shares to sell for? What is the book value per share for Underwood's shares a…