Answer:
Total Stockholders' Equity = $2,334,370
Explanation:
Note: See the attached excel file for the stockholders' equity section of the balance sheet for Finishing Touches as of December 31, 2018 with all the formulae used.
In the attached excel file, the retained earnings is calculated as follows:
Retained earnings = Net income – Common dividends - Preferred dividends = $149,000 - $94,000 - $1,330) = $53,670
From the attached excel file, we have:
Total Stockholders' Equity = $2,334,370
Answer:
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Answer:
a.$16,370.
Explanation:
beginning WIP cost: 11,100
cost added during the period
materials 77,100
direct labor 25,100
overhead 70% of DL = 17,570
total added 119,770
Total cost to be accounted for: 130,870
Cost assignned to
transferred out 114,500
ending WIP 16.370
Total cost assigned to 130,870
As the cost to be accounted and the cost assigned to should match we contruct that and solve for the ending WIP
Answer:
The ROA (Return on Assets) and the Return on Sales are the ratios which use the de-levered net income.
Explanation:
The shareholders want to evaluate or measure the return without any effects of the interest expense. De- levered net income is required to alter the net income so that it can be added back it to the interest expense.
The ratio which using De-levered net income are the ROA that is Return on assets and the Return on Sales because it is used to measure the return.
Answer:
c. $154,000 depreciation, $4,000 amortization
Explanation:
The basis of the rental real estate property = purchase price + closing costs (excluding the cost of mortgage points) = $150,000 + $4,000 = $154,000
You can amortize the cost of the closing points for a period equal to the length of the mortgage loan (or up to 30 years if the length of the loan is longer).
