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Aleksandr-060686 [28]
3 years ago
14

Splish Corporation reported the following for 2020: net sales $1,242,800, cost of goods sold $737,700, selling and administrativ

e expenses $329,500, and an unrealized holding gain on available-for-sale debt securities $16,600.
1. Prepare a statement of comprehensive income using the one statement format.
2. Prepare a statement of comprehensive income using the two statement format.
Business
1 answer:
tester [92]3 years ago
8 0

Answer:

1. $192,200

2. $192,200

Explanation:

1. Preparation for the statement of comprehensive income using the one statement format

Splish Corporation Statement of Comprehensive IncomeFor the Year Ended December 31, 2020

Sales revenue $1,242,800

Less Cost of goods sold ($737,700)

Gross profit $505,100

Less Selling and administrative expenses ($329,500)

Net income $175,600

($505,100-$329,500)

Add Unrealized holding gain on available-for-sale debt securities $16,600

Comprehensive income $192,200

Therefore the Comprehensive income for the statement of comprehensive income using the one statement format will be $192,200

2. Preparation a statement of comprehensive income using the two statement format

Splish Corporation Statement of Comprehensive IncomeFor the Year Ended December 31, 2020

Sales revenue $1,242,800

Less Cost of goods sold ($737,700)

Gross profit $505,100

Less Selling and administrative expenses ($329,500)

Net income $175,600

($505,100-$329,500)

Comprehensive Income

Net Income $175,600

Add Unrealized holding gain on available-for-sale debt securities $16,600

Comprehensive income $192,200

Therefore the Comprehensive income for the statement of comprehensive income using the two statement format will be $192,200

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Explanation:

a) Data and Calculations:

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                                                  Mini Mochi     Other Products   Total

                                                      Much

Incremental sales revenue        $8.2 million      1.8 million        $10 million

Incremental cost of goods sold   5.2 million      1.4 million           6.6 million

Incremental gross profit            $3.0 million      0.4 million          3.4 million

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Incremental earnings associated with the advertising campaign = $0.3 million

Advertising cost apportioned to:

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Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo
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Answer:

The correct solution is "$42.94".

Explanation:

The given values are:

D0 = 4

Ks = 15%

As we know,

⇒ g = (1-Div \ payout \ ratio)\times ROE

      =(1-60 \ percent)\times 13 \ percent

      =5.20 \ percent

By using the Gordon Model, we get

⇒ P0=Do\times \frac{(1+g)}{(Ks-g)}

         =4\times \frac{ (1+5.20 \ percent)}{(15 \ percent-5.20 \ percent)}

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Mountain Teas wants to raise $14.9 million to open a new production facility. The company estimates the issue costs for legal an
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Answer:

612,936 shares

Explanation:

The computation of the number of shares of stock must be sold is shown below:

Before that we have to compute

Required sales proceeds net of spread is

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= 612,936 shares

8 0
2 years ago
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