Business, 20.06.2020 22:57 valeriemccarty6212
Use the balance sheets and information provided about revenue and expenses to answer the question. Hopewell Corporation Balance Sheet As of December 31, 2019 (amounts in thousands) Cash 125,000 Accounts Payable 24,000 Accounts Receivable 36,000 Debt 37,000 Inventory 52,000 Other Liabilities 30,000 Property Plant & Equipment, Gross 226,000 Total Liabilities 91,000 Accumulated Depreciation 59,000 Paid-In Capital 56,000 Property Plant & Equipment, Net 167,000 Retained Earnings 239,000 Other Assets 6,000 Total Equity 295,000 Total Assets 386,000 Total Liabilities & Equity 386,000 Hopewell Corporation Balance Sheet As of March 31, 2020 (amounts in thousands) Cash 130,000 Accounts Payable 23,000 Accounts Receivable 32,000 Debt 39,000 Inventory 58,000 Other Liabilities 35,227 Property Plant & Equipment, Gross 226,000 Total Liabilities 97,227 Accumulated Depreciation 59,900 Paid-In Capital 56,000 Property Plant & Equipment, Net 166,100 Retained Earnings 239,873 Other Assets 7,000 Total Equity 295,873 Total Assets 393,100 Total Liabilities & Equity 393,100 Revenue and expenses information from January 1 to March 31, 2020 were: Sales Revenue of $6,400,000 COGS of 40% of Sales Interest of $130,000 Other Expenses of $600,000 SG&A of $640,000 Tax Rate of 38% What is the net income in the first quarter of 2020?
Answers: 1
Business, 21.06.2019 21:50
You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?
Answers: 2
Business, 22.06.2019 06:50
On january 1, vermont corporation had 40,000 shares of $10 par value common stock issued and outstanding. all 40,000 shares has been issued in a prior period at $20.00 per share. on february 1, vermont purchased 3,750 shares of treasury stock for $24 per share and later sold the treasury shares for $21 per share on march 1. the journal entry to record the purchase of the treasury shares on february 1 would include a credit to treasury stock for $90,000 debit to treasury stock for $90,000 credit to a gain account for $112,500 debit to a loss account for $112,500
Answers: 3
Business, 22.06.2019 10:30
The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?
Answers: 3
Business, 22.06.2019 14:00
Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate
Answers: 1
Use the balance sheets and information provided about revenue and expenses to answer the question. H...
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