# Essay Chapter 2 Solutions

7494 Words Sep 4th, 2013 30 Pages
CHAPTER 2

The Financial Statements

BRIEF EXERCISES

BE2–1

2008

2008 2008 Beginning Ending Retained 2008 2008 2008 Retained Earnings + Revenues – Expenses – Dividends = Earnings

\$28.2 + \$43.3 – \$38.2 – X = \$30.6

X = \$2.7

2008 Dividends as a percentage of 2008 net income:

2008 Dividends = \$ 2.7 = 52.9% 2008 Net income (\$43.3-\$38.2) \$ 5.1

BE2–2

1) Current Liabilities financed \$32 billion of the assets. Current Liabilities divided by Total assets = \$32/\$59 = 54.2%

2) Long-term debt financed \$18 billion of the assets. Long-term debt divided by total assets = \$18/\$59 = 30.5%

3) Stockholders’ equity financed \$9 billion
Balance sheet g. Balance sheet m. Balance sheet
b. Income statement h. Balance sheet n. Balance sheet
c. Balance sheet i. Balance sheet o. Balance sheet
d. Income statement j. Balance sheet p. Income statement
e. Balance sheet k. Income statement q. Balance sheet
f. Income statement l. Income statement r. Balance sheet

E2–4

1. Statement of Stockholders’ Equity (Retained Earnings); Statement of Cash Flow, Income Statement
2. Income Statement
3. Balance Sheet

## Related Documents

• ###### Essay Homework #2 Solutions

Physics 221 Summer 2012 HOMEWORK #2 Due Friday June 22, 2012 1 A 70.0-kg person stands on a scale placed on the ﬂoor of an elevator. Find: - the weight of the person (magnitude and direction), - the normal force by the scale on the person (magnitude and direction), - and what the scale reads (in kilograms) in the following cases: (a) The elevator moves up with a constant speed of 2.0 m/s2 . (b) The elevator has a constant upward acceleration of 2.0 m/s2 . (c) The elevator has a constant…

Words: 1708 - Pages: 7
• ###### Essay Nahmias Chapter 2

Production and Operations Analysis, Fourth Edition Solutions To Problems From Chapter 2 2.12 a) and b) Forecast (86 + 75)/2 (75 + 72)/2 etc = = 80.5 73.5 77.5 107.5 98.5 87.5 100.0 78.5 79.5 95.0 = = Period 3 4 5 6 7 8 9 10 11 12 21.6 717.5 Actual 72 83 132 65 110 90 67 92 98 73 et +8.5 -9.5 -54.5 42.5 -11.5 -2.5 +33.0 -13.5 -18.5 +22.0 c) MAD MSE = = (216)/10 (7175)/10 MAPE = 100 1  n  ∑D i ei  = 25.61 2.13 Fcst 1 Fcst 2 223 289 430 134 190 550 210 320 390 112 150 490 Demand…

Words: 1522 - Pages: 7
• ###### Chapter 7 Solutions Essay

Review Questions 1. You have just installed a new disk on a Windows Server 2008 server. Which of the following do you do first to prepare the disk for use? Answer: a. partition the disk 2. The _____ partition or volume contains the operating system files, such as the files in the \Windows folder. Answer: boot 3. You have just upgraded from Windows Server 2003 to Windows Server 2008. Now you are trying to recover a set of databases that you backed up on DVDs in…

Words: 2911 - Pages: 12
• ###### Chapter 2 Essay

STUDY GUIDE: Chaps. 2 GEOL 111G-Survey of Geology At the end of each chapter are Review Questions and Key Terms. To study for the final, be sure to know the answers (or where to find the answers) for the given review question numbers and know the definitions of the key terms indicated. The Key Terms have page numbers for reference in the textbook. CHAPTER 2 Review Questions: #'s are based upon the 10th edition. These may be different in older or newer editions. 2. What was the first line of…

Words: 955 - Pages: 4
• ###### Essay Ch 2 Solutions

14188-37032_Ch02_Solutions http://www.scribd.com/doc/6739982/1418837032Ch02Solutions Electronic Commerce, 7th Edition Solutions 2-1 Electronic Commerce, 7th Edition 14188-37032 Chapter 2 Solutions Review Questions 1. What were the main forces that led to the commercialization of the Internet? Summarize your answer in about 100 words. Answer: The Internet was born out of the need for the U.S. government, specifically the Defense Department, to communicate with its weapons installation…

Words: 1717 - Pages: 7
• ###### Essay Chapter 2 Solutions for Int. Accounting Kieso/Wiley Plus

CHAPTER 2 SOLUTIONS TO B EXERCISES EXERCISE 2-1B (15–20 minutes) (a) True. (b) False – General-purpose financial reports helps users who lack the ability to demand all the financial information they need from an entity and therefore must rely, at least partly, on the information in financial reports. (c) False – Standard-setting that is based on personal conceptual frameworks will lead to different conclusions about identical or similar issues. As a result, standards will not be consistent…

Words: 1492 - Pages: 6
• ###### Solution exercises chapter 2 Wiley Essay example

SOLUTION MANUAL FINANCIAL ACCOUNTING 2ND SPICELAND PDF Ebook Library SOLUTION MANUAL FINANCIAL ACCOUNTING 2ND SPICELAND Are you looking for Solution Manual Financial Accounting 2nd Spiceland?. You will be happy to know that today Solution Manual Financial Accounting 2nd Spiceland is available on our online library. With our online resources, you will be able to find Solution Manual Financial Accounting 2nd Spiceland or just about any type of manual, for any type of product. Best of all…

Words: 1451 - Pages: 6
• ###### Essay Solutions for Mcdonald Chapter 6

Chapter 6 Commodity Forwards and Futures Question 6.1. The spot price of a widget is \$70.00. With a continuously compounded annual risk-free rate of 5%, we can calculate the annualized lease rates according to the formula: F0,T = S0 × e(r−δl )×T ⇔ F0,T S0 = e(r−δl )×T S0 = (r − δl ) × T F0,T 1 ln T S0 ⇔ ln F0,T ⇔ δl = r − Time to expiration Forward price Annualized lease rate 3 months \$70.70 0.0101987 6 months \$71.41 0.0101147 9 months \$72.13 0.0100336 12 months \$72.86 0.0099555 The…

Words: 2816 - Pages: 12
• ###### Essay Chapter 4 Solutions

Chapter 04 Analyzing Investing Activities Multiple Choice Questions 1. Which of the following would rarely be classified as a current asset? A. Prepaid insurance B. Goodwill C. Marketable Securities D. Work-in-progress 2. Which of the following would not be classified as a current asset? A. Inventory B. Accounts payable C. Accounts receivable D. Prepaid expenses 3. An asset is considered to be liquid if: A. it is readily converted into a current asset. B. it is…

Words: 3092 - Pages: 13
• ###### Essay Chapter 6 solutions

Programming Logic and Design, 6e Solutions 6-1 Programming Logic and Design, 6th Edition Chapter 6 Exercises 1. a. Design the logic for a program that allows a user to enter 10 numbers, then displays them in the reverse order of their entry. Answer: A sample solution follows Flowchart: Pseudocode: start Declarations num index num SIZE = 10 num numbers[SIZE] = 0,0,0,0,0,0,0,0,0,0 getReady() Programming Logic and Design, 6e Solutions 6-2 while index < SIZE getNumbers()…

Words: 4152 - Pages: 17