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I have an assignment on building a Balance Sheet. There are 4 questions. Penguin Pucks, has current assets of $5,100, net fixed assets of $23,800, current liabilites of $4,3000, and long-term debt of $7,400. What is the value of shareholders' equity account for this firm? How much is net working capital? #2 Problem. Building an Income Statement. The company has sales of $586,000 costs of $247,000, depreciation expense of $43,000, interest expense of $32,000, and a tax rate of $35 percent. What is the net income of this company? #3 Problem. Dividends and Retained Earnings. Suppose the firm in Problem #2 paid out $73,000 in cash dividends. What is the addition to retained earnings? #4 Problem. Per-Share Earnings and Dividends. If Problem #3 had 85,000 share of common stock outstanding. What is the earnings per share, or EPS figure? What is the dividends per share figure?

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If this is your assignment Having someone else do it for you would be cheating and unfair to other candidates competing for a pass.

Perhaps your application for assistance in understanding the project should be directed to youre lecturer.

Thanks for using FIXYA

Posted on Sep 10, 2009

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Posted on Jan 02, 2017

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BALANCE SHEET FOR OFFICE PRACTICE HOW DO YOU CALCULATE IT


The balance sheet is part of the double entry bookkeeping method that dates back to the 14th century. Producing and understanding a balance sheet is a complex matter to be undertaken only by those who have a grounding in accountancy.

The balance sheet is where the calculated totals of the bookkeeper's work are brought together with a number of fairly notional figures for depreciation/appreciation of stock, equipment, buildings, land, certain taxes and liabilities and so forth. To the experienced a balance sheet can show the worth of a company.
A person needs to be formally taught the process of producing a balance sheet.

For most people most of the time when a business is not either a limited company or a limited partnership and there are minimal assets the balance sheet is an unnecessary expense and a Trading and Profit and Loss Account will suffice.

Jun 26, 2017 | Balance Computers & Internet

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What Financial Statements Will I Need When Applying For A Loan?


When getting a business loan, you need to prepare and understand primary financial statements. One is, balance sheet, that is a record of assets, liabilities and capital; and the other is profits (profit and loss) statements, an outline of your income and expenses over a given time frame.

Nov 18, 2016 | Computers & Internet

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How to calculate equity and liabilities


To check that you have the correct total, make sure your result matches your total assets on the balance sheet. Using the previous example, your totalliabilities and stockholders' equityequals $150,000 plus $450,000, or $600,000. If your total assets also equal $600,000, your balance sheet is properly balanced.

Jul 20, 2016 | Office Equipment & Supplies

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Which number rounds to 5,000 when rounding to the nearest hundred? a.5,107 b.5,089 c.4,963 d.4,962


Step 1 - identify the column - hundreds - and check the number immediately to the right.

Step 2 - If the number is 5 or more, add 1 to the hundreds column, otherwise leave it the same.

Step 3 - set all numbers to the right of the hundreds column to 0.

a. 5,107 rounds to 5,100
b. 5,089 rounds to 5,100
c. 4,963 rounds to 5,000
d. 4,962 rounds to 5,000

Let me know if you have any questions.

Good luck,

Paul

Oct 06, 2015 | Office Equipment & Supplies

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Solvency


This article is about financial solvency. For the policy debate term, seeSolvency (policy debate).

Solvency, in finance or business, is the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity.[1]Solvency can also be described as the ability of a corporation to meet its long-term fixed expenses and to accomplish long-term expansion and growth.[2]This is best measured using the net liquid balance (NLB) formula. In this formula solvency is calculated by adding cash and cash equivalents to short-term investments, then subtracting notes payable.[3]

Sep 19, 2012 | wikipedia.org

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I m doing distance aducation mba in marketting management.i m house wife. i have assignment 4 questions of :-financial management paper. 1 when the corporate income taxes are assumed to exist, Modigliani...


If you have problems with writing any work for the university, then you can just find it on the Internet. The Internet is a very useful thing, in which, if you try hard, you can find anything you like. But if you do not have time for this, then contact here Don Miss Your Chance to Buy Economics Papers from the Leading Writing...

Mar 05, 2017 | Computers & Internet

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I got this wrong without explanation how to do it.


Past due or bad debt collectables are not accounts receivable. They are a Liability.

Jul 12, 2009 | Computers & Internet

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Are start up company expense considered an asset or should it be expensed out


Start up expenses for a company are considered both Assets and Expenses. Assets, Liabilities and Capitol are all on the Balance Sheet. Revenue, Cost of Goods and Expenses are on the Profit and Loss. Quicken and Quickbooks will help you set up all your accounts.

Dec 29, 2007 | Intuit Quickbooks Financial Statement...

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