Retained earnings

Compute the amount of gross profit or loss to be recognized in 2006 and 2007 using the percentage-of-completion method. 2. Compute the amount of gross profit or loss to be recognized in 2006 and 2007 using the completed contract method. 3. Prepare a partial balance sheet to show how the information related to this contract would be presented at the end of 2006 using the percentage-of completion method. 4. Prepare a partial balance sheet to show how the information related to this contract…

of age (8.7%) – but the percentage varied much more widely by race/ethnicity. Hispanics, the group with the lowest wages in the chart above, have the highest percentage (12.4%) of workers between 16 – 24 years of age. Asians, who have the highest earning power, have the lowest percentage (6.5%) of workers between 16 – 24 years of age. (Ashton, Para…

the transfer were initiated by the transferor or transferee. B) is whether the transferor surrenders control over the receivables. C) comes down to how clearly the rights, etc. being retained are specified in the transfer agreement. D) is whether any gain or loss related to the transfer is recognized in earnings.14.Reasons why companies might accelerate cash collections include the following except: A. B. Generally accepted accounting principles permit "off-balance sheet" treatment of…

1. What does a person consider in joining a board? A person can consider to join a board by looking at his achievement and good potential to run the company. According to this case study, Jack Wright got the invitation to join the Mega Corporation board because of his personal career had flourished over the years. Besides that, the person also must understand their duties, roles and responsibility as a part of becoming the board. In this case, Jack knows his responsibility to represent the…

liabilities | $ 69,000 | Inventories | 45,500 | Long-term debt | 22,950 | Total current assets | $ 72,000 | Total liabilities | $ 91,950 | Land | $ 26,000 | Common stock a | 31,500 | Buildings and equipment | $ 90,000 | Retained earnings | 26,550 | Less: Accumulated depreciation | 38,000 | Total liabilities and stockholders’ |…

Sales Costs and expenses: COGS excluding depreciation Depreciation Selling/administrative expenses Other expenses Total costs Net operating income (EBIT) Interest Earnings before taxes (EBT) Taxes (40%) Net income before preferred dividends Dividends to preferred Net income available to common Dividends to common Additions to retained earnings $650.0 540.8 22.9 9.8 3.3 $576.7 $ 73.3 10.3 $ 63.0 25.2 1995 $589.0 1996 $572.0 AR LE $ 61.5 13.8 $ 47.6 19.1 $ 48.8 14.5 AG NG CE $…

The Role of Corporate Valuation 1.1 The role of current earning and current cash flow in the assessment of future cash flow. Current earning is define as net income or loss of an entity for the current year. Current earning are the difference between all revenues and expenses on the statement of profit and loss and other comprehensive income. It will presented in statement of financial position until they are transferred into retained earnings. Current cash flow are reported in the statement of…

Yeh & Roca (2010) investigated the influence of macroeconomic variables and their relation with firm-specific variables to determine the capital structure of the textile, plastics and electronics industries in Taiwan. They found that macroeconomic factors have significant positive impact on growth opportunities but the results become reversed when macroeconomic conditions worsen. Stephan & Talavera (2004) analyzed the relationship between optimal debt and macroeconomic volatility and their study…

company’s first priority - to meet the customer 's needs in the best way possible - was to ensure its employees were high-performing and productive. Lincoln believed to that to ensure a high caliber of workers, their fears of receiving inadequate earnings and being laid off had to reduced or eliminated altogether. Thus, the Lincoln Electric Company addressed these fears through performance bonuses and other reward systems. When the company first started and even today, performance bonuses and…

Financial Results over Three Year Period The company’s financial result is the difference between earnings before interest and taxes, and it determines by the earnings or the loss that results from financial affairs. PepsiCo has higher gross profit from 2011 to 2013; however, Coca-Cola has higher operating profit and net income from 2011 to 2013. Coca-Cola 2013 2012 2011 PepsiCo 2013 2012 2011 Gross profit 28,433 28,964 28,327 Gross profit 35,172 34,201 34,911 Operating profit 10,228 10,779…