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all balance sheet amounts for Marley Company represent average balance

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all balance sheet amounts for Marley Company represent average balance 1. King Corporation had net income of $250,000 and paid dividends of $40,000 to common stockholders and $10,000 to preferred stockholders in 2013. King Corporation’s common stockholders’ equity at the beginning and end of 2013 was $870,000 and $1,130,000, respectively. There are 100,000 weighted-average shares of common stock outstanding. King Corporation’s return on common stockholders’ equity was a. 10%. b. 24%. c. 20%. d. 17.7%. 2. Assume that all balance sheet amounts for Marley Company represent average balance figures. Stockholders’ equity—common $150,000 Total stockholders’ equity 200,000 Sales 100,000 Net income 27,000 Number of shares of common stock 10,000 Common stock dividends 10,000 Preferred stock dividends 4,000 What is the return on common stockholders’ equity ratio for Marley? a. 18.0% b. 15.3% c. 11.3% d. 8.7% 3. Vega Corporation’s December 31, 2013 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 15,000 shares authorized; 10,000 shares issued $ 200,000 Common stock, $10 par value, 1,000,000 shares authorized; 975,000 shares issued, 960,000 shares outstanding 9,750,000 Paid-in capital in excess of par—preferred stock 30,000 Paid-in capital in excess of par—common stock 13,500,000 Retained earnings 3,750,000 Treasury stock (15,000 shares) 315,000 Vega’s total paid-in capital was a. $23,480,000. b. $23,795,000. c. $23,165,000. d. $13,530,000. 4. Vega Corporation’s December 31, 2013 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized; 8,500 shares issued $ 170,000 Common stock, $10 par value, 1,000,000 shares authorized; 950,000 shares issued, 940,000 shares outstanding 9,500,000 Paid-in capital in excess of par—preferred stock 34,000 Paid-in capital in excess of par—common stock 13,500,000 Retained earnings 3,750,000 Treasury stock (15,000 shares) 315,000 Vega’s total stockholders’ equity was a. $26,669,000. b. $46,690,000. c. $27,269,000. d. $26,639,000. 5. Bacon Corporation began business by issuing 150,000 shares of $5 par value common stock for $25 per share. During its first year, the corporation sustained a net loss of $25,000. The year-end balance sheet would show a. Common stock of $750,000. b. Common stock of $3,750,000. c. Total paid-in capital of $3,725,000. d. Total paid-in capital of $775,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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