Reference no: EM132426692
Question - The following information is available from a certain balance sheet and all income statement general ledger accounts for Tooby Corporation, for year ended 12/31/20XX
Cost of good sold 600,000
Sales Returns 30,000
Allowance for Doubtful Accounts 60,000
Sales and marketing expenses 220,000
Engineering Expenses 300,000
G&A Expenses 165,000
Sales Discounts 18,000
Interest Expense 32,000
Los on investments 10,000
Wages payable 100,000
Purchase patents 50,000
Sales 1,505,000
Trademarks 15,000
Accounts Payable 65,000
Contributed Capital 300,000
Goodwill 150,000
Sales tax payable 5,000
Tax rate 35%
Copyrights 30,000
Losses on division scheduled for closing 100,000 before tax.
There are 500,000 average common shares outstanding and 100,000 equivalent shares.
A. Using only the income statement accounts please help me prepare a proper income statement. Need to include section captions, properly labeled totals and subtotals. If this is done correct should have 21 rows.
B. What is the Gross Margin%?
C. What is Basic EPS? What is Diluted EPS?
|
Determine the dollar amount of annapolis clothing
: Use this information to determine the dollar amount of Annapolis Clothing's Finished Goods Inventory for January 1, 2018
|
|
What it takes to be a superhost
: Where a renter should rent in NYC on the basis on financial constraints and location?Where a host should own to maximize revenue?
|
|
Write an essay on Fair hiring practices
: Write a essay on Fair hiring practices,Diversity in the workplace, Workplace compensation ,Honesty in advertising ,Whistleblowing ,Conflict of interest policies
|
|
The Role Capitalism Plays Assignment
: The Role Capitalism Plays Assignment help and solutions:-Briefly definethe concepts of capitalism and socialism. Then list three pros and cons of each
|
|
Prepare a proper income statement
: Losses on division scheduled for closing 100,000 before tax. Using only the income statement accounts please help me prepare a proper income statement
|
|
Describe substantive procedures
: Required - Describe substantive procedures that would provide sufficient appropriate evidence in relation to the issues outlined above
|
|
What is the profit for the year
: The payment of $1,500 for a trade payable had been treated as a cash purchase. What is the profit for the year after adjusting for these errors
|
|
How did take the stakeholders into account
: How does your decision support responsible stewardship and integrity in the context of financial management? Where should your factory be located?
|
|
Compute the total cost
: Need help to compute the total cost, the using the straight line and units of activity methods, prepare a schedule that shows the annual depreciation expense
|