Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1.. Which form of business would you personally prefer if you are forming i) falafel shop ii) a large supermarket iii) an electrical car
1.. Which form of business would you personally prefer if you are forming i) falafel shop ii) a large supermarket iii) an electrical car manufacturing company? 2. Dibba Manufacturing Inc.'s December 31, 2018 balance sheet showed total common stock of $2,000,000 and 50,000 retained earnings with $2,050,000 total equity and 100,000 shares of stock outstanding. During 2019, Dibba had $250,000 of net income, and it paid out $100,000 as dividends. Construct the Statement of Retained Earnings for 2019 for Dibba Manufacturing. Given the information above, what was the book value per share at 12/31/2019? 3. Use the information below for the CS Corporation to answer the following questions. Balance Sheet Accounts of CS Corporation Account Balance 12/31/2018 Accumulated depreciation $3,400 Accounts payable $2,650 Accounts receivable $3,200 Canh $1,000 Common stock 56,250 Inventory $4,000 Long-Term debe $7.000 Plant, property, and equipment $14,000 Retained earnings $4,000 Find total assets for CS Corporation. Find the current assets for the year-end for CS Corporation. Find the value of equity for the year-end for CS Corporation. Find the NWC for CS corporation 4.Use the information below to answer the following questions about the Kelly Corporation. The Kelly Corporation Income Statement Accounts for the year ending December 31, 2018 Account Cost of goods sold Interest expense Tax Rate Revenue Selling, general, and administrative expenses Depreciation Balance $305.000 $79,000 15% 593,000 $126,000 a) What is the net income for the Kelly Corporation for 2018? b) What is the cash flow for the Kelly Corporation for 2018? Note: Cash Flow Net Income + Depreciation c). What is the EBIT for the Kelly Corporation for 2018? 5). Harput Office Supplies in 2019 reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges and no other income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and income tax rate was 40%. Construct the Income statement and find net income for Harput for 2019.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started