The realizable value refers to the accounts receivable amount expected to be received.
Answer the following statement true (T) or false (F)
True
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The journal entry to record the declaration of dividends on common stock includes a debit to either Dividends or Retained Earnings and a credit to Common Dividend Payable.
Answer the following statement true (T) or false (F)
Examine the following two-factor analysis of variance table:Source SS df MS F-RatioFactor A 162.79 4 Factor B 28.12 AB Interaction 262.31 12 Error ________ ___ Total 1,298.74 84 Determine if the levels of factor A have equal means
Use a significance level of 0.05.A) Fail to reject H0. Conclude that there is sufficient evidence to indicate that at least two levels of Factor A have different mean responses. B) Fail to reject H0. Conclude that there is not sufficient evidence to indicate that at least two levels of Factor A have different mean responses. C) Reject H0. Conclude that there is sufficient evidence to indicate that at least two levels of Factor A have different mean responses. D) Reject H0. Conclude that there is not sufficient evidence to indicate that at least two levels of Factor A have different mean responses.
Rhodes Bakery The balance sheet taken from the company's 2020 10-K is provided below:
December 31 Assets:2020 2019 Current Assets: Cash$ 61,100 $54,000 Accounts Receivable22,500 17,500 Inventory8,500 7,000 Other Current Assets 6,500 5,500 Total Current Assets98,600 84,000 Long-term Assets: Property, Plant & Equipment, net744,900 25,000 Intangible Assets 211,250 225,000 Total Assets$1,054,750 $334,000 Liabilities and Stockholders' Equity Current Liabilities: Accounts Payable$ 5,500 $ 4,500 Interest Payable500 500 Current Portion of Long-Term Debt15,000 0 Income Tax Payable 18,500 23,000 Total Current Liabilities$ 39,500 28,000 Long-term Liabilities: Notes Payable 246,250 15,000 Total Liabilities285,750 43,000 Stockholders' Equity Common Stock60,000 35,000 Additional Paid-in Capital654,000 186,000 Retained Earnings92,500 70,000 Treasury Stock (37,500) 0 Total Stockholders' Equity 769,000 291,000 Total Liabilities and Stockholders' Equity$1,054,750 $334,000 Refer to Rhodes Bakery. Calculate the following stockholder ratios for 2020 and 2019: Earnings per Share, Return on Common Equity, Dividend Yield, Dividend Payout, Total Payout, and Stock Repurchase Payout Ratios. Round your answers to two decimal places, then comment on the company's stockholder performance.Additional information is available below: 2020 2019 Net Income$24,000 $28,750 Dividends Paid$ 1,500 $ 875 Average number of shares outstanding22,812 17,500 Closing market price per share$ 24.00 $ 18.00 The company had no preferred stock throughout the period 2018 through 2020. At December 31, 2018, total stockholders' equity was $287,500. What will be an ideal response?
The financial statements of Black Barn Company are given below.Black Barn CompanyIncome Statement (2009) Sales$8,000,000 Cost of goods sold 5,260,000 Gross profit 2,740,000 Selling & administrative expenses 1,500,000 Operating profit 1,240,000 Interest expense 140,000 Income before tax 1,100,000 Tax expense 440,000 Net income$660,000 Balance Sheet2009 2008?? Cash$200,000 $50,000 Accounts receivable 1,200,000 950,000 Inventory 1,840,000 1,500,000 Total current assets$3,240,000 $2,500,000 Fixed assets 3,200,000 3,000,000 Total assets$6,440,000 $5,500,000 Accounts Payable$800,000 $720,000 Bank loan 600,000 100,000 Total current liabilities$1,400,000 $820,000 Bond
payable 900,000 1,000,000 Total liabilities$2,300,000 $1,820,000 Common stock (130,000 shares)$300,000 $300,000 Retained earnings 3,840,000 3,380,000 Total liabilities & equity$6,440,000 $5,500,000 Note: The common shares are trading in the stock market for $40 each.Refer to the financial statements of Black Barn Company. The firm's times interest earned ratio for 2009 is A. 7.17. B. 8.86. C. 9.66. D. 6.86. E. None of the options are correct.