(Solved):Q: History Bookmark…

Question
History Bookmarks Window Help
Sun 1:02 AM
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Price-Earnings Ratio; Dividend Yield
The table that follows shows the stock price, earnings per share, and dividends per share for th ree companies for a recent year:
Earnings Dividends
Price
per Share per Share
Deere & Company
$86.20
$8.71
$2.04
Google
873.32
36.75
0.00
The Coca-Cola Company
39.79
1.97
1.02
a. Determine the price-earnings ratio and dividend yield for the three companies. Round to one decimal place. If an amount should be zero, enter in
"0"
Price-Earnings Ratio
Dividend Yield
Deere& Company
9.90
Google
23.8
0
The Coca-Cola Company
20.20
b. Explain the differences in these ratios across the three companies by completing the following:
Deere & Company has the lowest price-earnings ratio, and is expected to produce shareholder returns through
a combination of some share price appreciation and a moderate dividend
Coca-Cola has both a high
dividend yield and price-
earnings ratio. Google pays no
dividend and, thus, has no
dividend yield. However, Google has the largest
price-earnings ratio of
the three companies.
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History Bookmarks Window Help
Sun 1:02 AM
v2.cengagenow.com
eBook
Calculator
Print Item
Price-Earnings Ratio; Dividend Yield
The table that follows shows the stock price, earnings per share, and dividends per share for th ree companies for a recent year:
Earnings Dividends
Price
per Share per Share
Deere & Company
$86.20
$8.71
$2.04
Google
873.32
36.75
0.00
The Coca-Cola Company
39.79
1.97
1.02
a. Determine the price-earnings ratio and dividend yield for the three companies. Round to one decimal place. If an amount should be zero, enter in
“0”
Price-Earnings Ratio
Dividend Yield
Deere& Company
9.90
Google
23.8
0
The Coca-Cola Company
20.20
b. Explain the differences in these ratios across the three companies by completing the following:
Deere & Company has the lowest price-earnings ratio, and is expected to produce shareholder returns through
a combination of some share price appreciation and a moderate dividend
Coca-Cola has both a high
dividend yield and price-
earnings ratio. Google pays no
dividend and, thus, has no
dividend yield. However, Google has the largest
price-earnings ratio of
the three companies.
CAndhack
Check My Work
(
Previous
Next
All work saved.
Save and Exit
Submit Assignment for Grading
JUL
1

(Solved):Q: The following is…

Question
The following is a record of Larkspur Company’s transactions for Boston Teapots for the month of May 2017.

May 1   Balance   476 units  @  $20   May 10   Sale   357 units  @  $37
12   Purchase   714 units  @  $27   20   Sale   643 units  @  $37
28   Purchase   476 units  @  $31               
 
 
 
 
 
Assuming that perpetual inventories are not maintained and that a physical count at the end of the month shows 666 units on hand, what is the cost of the ending inventory using (1) FIFO and (2) LIFO?

   
(1)
FIFO
 
(2)
LIFO
Ending Inventory  
$

 
 
$

 
 
 

LINK TO TEXT
 
 
 
Assuming that perpetual records are maintained and they tie into the general ledger, calculate the ending inventory using (1) FIFO and (2) LIFO.

   
(1)
FIFO
 
(2)
LIFO
Ending Inventory  
$

 
 
$

 
 

 

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(Solved):Q: Serven Corporati…

Question

Serven Corporation has estimated its accrual-basis revenue and expenses for June 2017 and would like your help in estimating cash disbursements. Selected data from these estimated amounts are as follows:

Sales: $700,000

Gross Profit (based on sales): 30%

Increase in trade accounts recievable for the month: $20,000

Change in accounts payable during month: $0

Increase in inventory during month: $10,000

Variable selling, general, and administrative expenses include a charge for uncollectible accounts of 1% of sales.

Total selling, general, and administrative expenses are $71,000 per month plus 15% of sales.

Depreciation expense of $40,000 per month is included in fixed selling, general, and administrative expense. 

Required:

On the basis of the preceding data, what are the estimated cash dispursements from operations for June?

(Solved):Q: The MRS , profes…

Question

The MRS , professional soccer team, prepares financial statements on a monthly basis. The soccer season begins in May, but in April the team engaged in the following transations.

1 paid $1,500,000 to the municipal stadium as abvance rent for use the facilities for the 6 month period from May 1 through October 31. This payment was initially recorded as prepaid rent.

2.Collected $6,000,000 cash from sale of season tickets for the tieam’s home games. The entire amount was initially played several home games at which $750,000 of the season tickess sold in April were used by fans.

I need Prepare the two adjusting entries required on May 31

(Solved):Q: Smithson, Inc. d…

Question
Smithson, Inc. decided to implement the activity-based costing approach and was quite
successful in its use. However, the controller is wondering if instead of only two activity
cost pools, they should expand to three activity cost pools based on the following:
(d)
Family Model
$75,000
2,000
200
Deluxe Model
$150,000
2,000
800
Direct labor costs
Machine hours
Setup hours
Packaging hours
50
75
The estimated overhead of $450,000 is allocated as follows: machining activity cost
pool $240,000, machine set up $170,000 and packaging $40,000.
(1)
Determine the overhead rates using the activity-based costing approach with
three cost pools.
Determine the overhead allocation for the family model and the deluxe model
using three activity cost pools. What is the difference in allocation between two
activity cost pools and three activity cost pools? Is the difference in allocation
worth using the third activity cost pool?
(2)

Image Transcription

Smithson, Inc. decided to implement the activity-based costing approach and was quite
successful in its use. However, the controller is wondering if instead of only two activity
cost pools, they should expand to three activity cost pools based on the following:
(d)
Family Model
$75,000
2,000
200
Deluxe Model
$150,000
2,000
800
Direct labor costs
Machine hours
Setup hours
Packaging hours
50
75
The estimated overhead of $450,000 is allocated as follows: machining activity cost
pool $240,000, machine set up $170,000 and packaging $40,000.
(1)
Determine the overhead rates using the activity-based costing approach with
three cost pools.
Determine the overhead allocation for the family model and the deluxe model
using three activity cost pools. What is the difference in allocation between two
activity cost pools and three activity cost pools? Is the difference in allocation
worth using the third activity cost pool?
(2)

(Solved):Q: A Community heal…

Question
A Community health clinic's costs are shown below. What is total average cost per patient?
4,824
Patients
Total variable costs
$6,375
Total fixed costs
?
Variable cost per
?
patient
Fixed cost per patient
$2.40
Total average cost per
patient
?
Round your answer to two decimal places. Do not round any intermediate calculations.

Image Transcription

A Community health clinic’s costs are shown below. What is total average cost per patient?
4,824
Patients
Total variable costs
$6,375
Total fixed costs
?
Variable cost per
?
patient
Fixed cost per patient
$2.40
Total average cost per
patient
?
Round your answer to two decimal places. Do not round any intermediate calculations.

(Solved):Q: QUESTION 3 Corre…

Question
QUESTION 3 Correct Mark 1.00 out of 1.00Remove flag Edit question
Foot Locker, Inc. is a retailer of athletic footwear and apparel. During a recent fiscal year, Foot Locker
purchased merchandise inventory costing $4,047 (S millions). Assume that Foot Locker makes all
purchases on credit, and that its accounts payable is only used for inventory purchases. The following
T-accounts reflect information contained in the
company's balance sheets (S millions).
What amount did Foot Locker pay in cash to its suppliers during the fiscal year?
Inventories
Accounts Payable
Select one:
Beg
Bal.
381
A. $4,067 million
B. $20 million
C. $103 million
D. $381 million
B.151
Bal.
O
End.
Bal.
End.
Bal.
361
1,254
O

Image Transcription

QUESTION 3 Correct Mark 1.00 out of 1.00Remove flag Edit question
Foot Locker, Inc. is a retailer of athletic footwear and apparel. During a recent fiscal year, Foot Locker
purchased merchandise inventory costing $4,047 (S millions). Assume that Foot Locker makes all
purchases on credit, and that its accounts payable is only used for inventory purchases. The following
T-accounts reflect information contained in the
company’s balance sheets (S millions).
What amount did Foot Locker pay in cash to its suppliers during the fiscal year?
Inventories
Accounts Payable
Select one:
Beg
Bal.
381
A. $4,067 million
B. $20 million
C. $103 million
D. $381 million
B.151
Bal.
O
End.
Bal.
End.
Bal.
361
1,254
O

(Solved):Q: [The following i…

Question
[The following information applies to the questions displayed below.]
The stockholders' equity section of Velcro World is presented here.
VELCRO WORLD
Balance Sheet (partial)
(Sand shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value
Common stock, $1 par value
Additional paid-in capital
Total paid-in capital
Retained
5,800
28,000
1,028,600
1,062,400
286,000
(360,000)
988,400
rnings
Treasury stock, 12,000 common shares
Total stockholders' equity
Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are
presented in thousands.
Problem 10-4A Part 5
5. What was the average cost per share of the treasury stock acquired?
Average cost
per share

Image Transcription

[The following information applies to the questions displayed below.]
The stockholders’ equity section of Velcro World is presented here.
VELCRO WORLD
Balance Sheet (partial)
(Sand shares in thousands)
Stockholders’ equity:
Preferred stock, $1 par value
Common stock, $1 par value
Additional paid-in capital
Total paid-in capital
Retained
5,800
28,000
1,028,600
1,062,400
286,000
(360,000)
988,400
rnings
Treasury stock, 12,000 common shares
Total stockholders’ equity
Based on the stockholders’ equity section of Velcro World, answer the following questions. Remember that all amounts are
presented in thousands.
Problem 10-4A Part 5
5. What was the average cost per share of the treasury stock acquired?
Average cost
per share