User Account

All Pages

What was the company revenue for the year

Assignment Help Accounting Basics
Reference no: EM13124147

Gilkey Corporation began the year with retained earnings of $155,000. During the year, the company issued $210,000 of common stock, recorded expenses of $600,000, and paid dividends of $40,000. If Gilkey's ending retained earnings was $165,000, what was the company's revenue for the year?

Reference no: EM13124147

Questions Cloud

Mathematics transportation model : Mathematics - A 3 x 3 transportation model, Cammile, a fruit dealer, sells fruits to customers in Mani, Pampan, and Paciz. The monthly demand is 4000 kilos in Mani, 2500 kilos in Pampan, and 1000 kilos in Paciz.
Determine variance of the areas for counties in iowa : At a = 0.01, can it be concluded that the variance of the areas for counties in Indiana is less than the variance of the areas for counties in Iowa?
Two degrees of freedom : Find all triples (x, y, z) of real numbers having the following property: when any one of the numbers is added to the product of the other two, the result equals 2.
What is the firms dividend growth rate : The common stock of EBM Corporation is $100 per share. The expected dividend on its stock in the current period is $5, and the firm's cost of common stock is 12%. What is the firm's dividend growth rate (assume that the growth rate is constant)?
What was the company revenue for the year : Gilkey Corporation began the year with retained earnings of $155,000. During the year, the company issued $210,000 of common stock, recorded expenses of $600,000, and paid dividends of $40,000. If Gilkey's ending retained earnings was $165,000, wh..
System of nonlinear equations : Give an example of a nonlinear system of two equations in two unknowns having: Based on your work, how would you devise a method for finding such a system having exactly n solutions?
Mathematics-supply greater than demand : Mathematics-Supply Greater Than Demand- Transportation Model, A company which owns hauling trucks moves materials between three sources (depots) and three destination projects.
How can emily and richard mitigate the foreign currency loss : How can Emily and Richard mitigate the foreign currency loss?
How many grams of koh are present : how many grams of KOH are present in 32.5mL of a 6.42 M KOH solution

Reviews

Write a Review

Accounting Basics Questions & Answers

  Preparing an appropriate journal entry

Prepare an appropriate journal entry to indicate the impact of the transactions on the city's fund financial statements for the year ending December 31, 2011.

  What is systems development life cycle

Evaluate what is Systems Development Life Cycle methodology and how it applies to the American Lafrance Backrupcy case?

  Error on the investment account

Hope mistakenly accounted for the investment as available for sale instead of using the equity method. What effect would this error have on the investment account and net income, respectively, for 2011?

  Computing variuos accounting measures

Sawaya Company had depreciation and amortization expenses of $522,311, interest expenses of $114,077, and an EBITDA of $1,521,087 for the year ended June 30, 2010. What is the Times Interest Earned for this company?

  Important risks for audit of acquisition

What are the most important risks for the audit of the acquisition and payment cycles in the automotive industry?

  Work in process inventory

All of the following would be entries in assigning accumulated costs to the Work In Process Inventory except:

  How are inventory losses disclosed on the income statement

At 12/31/12, the end of Jenner Company's first year of business, inventory was $4,100 and $2,800 at cost and market, respectively. Following is data relative to the 12/31/13 inventory of Jenner.

  Unadjusted trial balance

Wecker Company's year-end unadjusted trial balance shows accounts receivable of $89,000, allowance for doubtful accounts of $500 (credit), and sales of $270,000. Uncollectibles are estimated to be 1.5% of accounts receivable.

  Compute the npv of the cash flows

Tax cash flows represent taxable income in the year received, compute the NPV of the cash flows.

  What is an audit procedure

How does the auditor's responsibility for detecting errors differ from their responsibility to detect fraud?

  Computing premium and discount on bonds

Swanson Inc. purchased $400,000 of Malone Corp. ten-year bonds with a stated interest rate of 8 percent payable quarterly. At the time the bonds were purchased

  Entries of subscription revenue

Prepare the entry in November for the receipt of the subscriptions. Prepare the adjusting entry at December 31, 2007, to record subscription revenue earned in December 2007. Prepare the adjusting entry at March 31, 2008, to record subscription revenu..

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