ACCT 5301
Checklist for Assignments
1-28 b) Ending equity = $1,654
1-32 Return on assets = 8.7%
2-23 2012 Ending retained earnings = $102,766
2-27 Net income = $174,000 Total assets = $426,000
2-31 Total assets = $13,911 Net profit margin = 3.62%
2-33 a) ANF profit margin = 4.3%
b) ANF stockholders’ % = 64.1%
3-15 Ending cash = $4,555
3-19 Ins. Exp.=$185 Supplies exp = $1,080
3-27 Depreciation = $610 Supplies Exp. = $1,890
3-40 Salaries = $720 Interest = $200
4-23 a) NOPAT for Home Depot = $3,695
b) Lowe’s NOPAT % of Sales = 4.5%
4-27 a) Limited Brands RNOA = 27.73%
b) Limited Brands NOPM = 8.59% NOAT=3.23
4-32 a) 2010 Current Ratio = 0.73
b) 2009 Times Interest Earned = 5.5
4-33 a) Industrial L/E = 0.78 Times Interest = 10.48
Finance L/E = 7.67 Times interest = 1.15
4-35 TJX 2011 NOPAT = $1.363,364
4-42 a) 2010 NOPAT = $11,250 AVE NOA = $28,942
b) 2010 RNOA = 38.87%
5-11 2012 income = $125,000
5-20 a) Revenues per month = $70,000
5-24 2011 income = $25
5-26 a) 2009 Expense = $579
b) 2009 current payable = 34.0%
6-22 a) Bad debt expense $2,930
b) A/R net = $127,550
6-23 Ending allowance = $138,100
Allowance = $10,384
6-27 b) LIFO Ending Inv.= $42,000
6-28 a) $11,469 b) $11,864 c) $404 mill
6-34 b3) $2,600 Loss
6-35 a) Average life = 14.8 yrs.
b) 2010 % Used up = 60.8%
6-37 d) Impairment Loss = $55,000
6-40 b) 2010 14.0% 2009 10.4%
c) Collection period = 16.3 days
7-26 a) Earned capital = +$11,000 +$40,000
b) Earned capital = +$24,000 (30% of $80,000)
7-27 b) $1,884 DuPont paid 55.3% of book value but has less than 50% ownership or would consolidate
7-29 a) $225,300 b) $346,700 c) $236,000 d) $5,200
7-33 Consolidated assets = $3,060,000
8-24 2 & 4 are recorded
8-26 $25,000 liability for wages payable
8-27 6/30 int. expense= $14,075
8-30 10/31 interest expense = $22,500
9-24 b) 2011 Outstanding shs.= 87,246,000
c) Average price of stock issued = $3.39
9-34 9/25 APIC = $6,000
9-47 a) $1,788 million b) $11.88 c) $45.34
d) shares outstanding = 3,082,16,823
9-36 b) $0.67 e) $30.82 f) $33.71
9-42 a) Stock dividend $100,800 cash dividend,$64,200
b) Ending Ret. Earn. = $423,000
14-14 a) 4, b) 2, c) 7
14-18 Fixed cost = $38,000
14-21 c) Total cost estimate $29,735
15-18 b) Safety Margin = $225,000
15-19 b) Margin of safety = $250,000
d) Required sales = $1,572,368
15-21 b) Indifference at 290,000 units
15-24 Case 1 B/E = 800 units
15-29 b) Monthly breakeven units = 2,000 d) 3,250
15-30 b) 6,875
15-35 b) 15,000
15-36 b) 1,500 unit sales
16-20 b) $30 increase c) Do not accept, $600 per day decrease
16-23 a) Make, by $12,500
b) Buy, with $7,500
16-29 b) $30 better off c) $405 better off d) $272 better off
17-21 b) Direct labor = $238,125
c) Cost of goods manufactured = $736,000
17-22 Cost of goods manufactured = $78,000
17-26 Ending work in process = $9,500, Finished goods $14,000
18-10 1) I, 2) h, 3) f, 4) a, 5) j, 6) d, 7) b, 8) c, 9) e, 10) g
18-14 Massachusetts March margin = $24,628
18-18 a) Alpine margin = $65,800
20-21 a) Price = $132, b) Drop in profits = $(10,000)
20-23 a) Markup on VC = 285% on Mfc cost = 381%
20-27 a) ICS & WPD Revenue per hour = $52.50
21-20 April ending cash = ($23,000)
21-21 August Purchases = 819,000 yards
21-25 a) Reception activity = $387,000
21-29 July cash receipts = $155,840
23-20 a) Loss on special order $(150,000)
23-30 a) Actual residual income = $188,000 versus planned $2,035,000 b) more reports sold and personnel costs were slightly lower, but total revenues were low, ROI decreased, fewer people took courses, advertising went down, publication costs were up
23-33 b) Income $175 c) if pastries dropped, loss is $(35).
23-22 North American Operating assets = $625,000
23-23 Financial performance—income per member
Customer performance—membership turnover
23-24 a) Gross profit $3,720,000 b) $2,232,000
23-36 b) Residual from new product = $27,000
c) EVA from new product = $4,600
1/15/14