User Account

All Pages

What is the dollar amount of 2011 revenue

Assignment Help Accounting Basics
Reference no: EM131146549

(a) If Lind Company had net income of $300,000 in 2011 and it experienced a 24.5% increase in net income for 2012, what is its net income for 2012?

(b) If 6 cents of every dollar of Lind's revenue is net income in 2011, what is the dollar amount of 2011 revenue? 

Reference no: EM131146549

Questions Cloud

Evaluate restatement in term of management ethical violation : Evaluate the restatement in terms of management's ethical violations according to the requirements of the Sarbanes-Oxley Act, providing recommendations to management on how to avoid these problems in the future.
He feels that this is an indication that the company : Teresa Ridley, his accountant, says that more information is needed to determine the company's financial well-being. Who is correct? Why?
Achieve anticipated production : Under ideal conditions, a service bay at a Fast Lube can serve 7 cars per hour. The effective capacity of a Fast Lube service bay is 5.5 cars per hour, with efficiency known to be 0.85. The minimum number of service bays Fast Lube needs to achieve an..
Beyond the numbers critical thinking : Business decision case A Lloyd's Company wishes to invest USD 750,000 in capital projects that have a minimum expected rate of return of 14 per cent. The company is evaluating five proposals. Acceptance of one proposal does not preclude acceptance of..
What is the dollar amount of 2011 revenue : If Lind Company had net income of $300,000 in 2011 and it experienced a 24.5% increase in net income for 2012, what is its net income for 2012?
Effort to limit class sizes to reasonable level : Southeastern Oklahoma State University's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. However, in an effort to limit class sizes to a "reasonable" level (under 200, generally), Southeaste..
Speculate the major ways that the complexities might impact : In a globalized economy with many business complexities, speculate the major ways that these complexities might impact a business and suggest two actions that a business can take in order to minimize these consequences.
Compare and contrast footprinting and port scanning : Compare and contrast footprinting and port scanning. Determine which you believe is the more important step in the hacking process and explain why. Evaluate whether or not you believe these processes are more difficult for an enterprise. Justify y..
Find the natural frequency of the longitudinal : Find the natural frequency of the longitudinal, the transverse, and the torsional vibration of the system.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Westile company buys plain ceramic tiles and prints

westile company buys plain ceramic tiles and prints different designs on them for souvenir and gift stores. it buys the

  Mayaguez corporation provides its officers

Mayaguez Corporation provides its officers with bonuses based on net income. For 2014, the bonuses total $350,000 and are paid on February 15, 2015. Prepare Mayaguez's December 31, 2014, adjusting entry and the February 15, 2015, entry.

  Current distribution or liquidating distribution

partnership interest when he receives a $10,000 cash distribution. The partnership plans to distribute $10,000 each month this year, and Javier will cease to be a partner after December payment. Is the January payment to Javier a current distribution..

  What is the net present value of the refunding

The call premium would be 5 percent of the face amount. Today 15-year, 5 percent, semiannual payment bonds can be sold at par, but flotation costs on this issue would be 2 percent, or $40,000. What is the net present value of the refunding?

  Nimitz rental company provided the following information to

nimitz rental company provided the following information to its auditors. for the year ended march 31 2011 the company

  Baker winery manufactures a fine wine in two departments

baker winery manufactures a fine wine in two departments fermenting and bottling. in the fermenting department grapes

  Investment to fair value

If the fair value of held to maturity investment declines for a reason that is viewed as OTT because the company intends to sell the investment do you write down the investment to fair value?

  How much will danny have at the end of the fifth year

How much will Danny have at the end of the fifth year if he invests his Christmas bonuses (including the most recent bonus) in a project paying 8 percent per year?

  Goods division at the break-even point

The contribution margin ratio for Sporting Goods is 30%, while for Sports Gear it is 50%. What will sales be for the Sporting Goods Division at the break-even point?

  Compute the cost of goods destroyed

Compute the cost of goods destroyed, assuming that the gross profit is 331⁄3% of sales.

  What is the projected accounts receivable balance

If the actual December 31st A/R balance was $12,000; projected sales in March are $50,000; 70% of sales are on credit; 60% of credit sales are collected in the month of sale and 40% are collected in the month after the sale, what is the projected ..

  Bird plans to sell 5000 units each quarter next year during

bird plans to sell 5000 units each quarter next year. during the first two quarters each unit will sell for 12 during

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd