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Shares of cumulative preferred stock outstanding

Enterprise Storage Company has 400,000 shares of cumulative preferred stock outstanding, which has as stated dividend of $4.75. It is six years in arrears in its dividend payments. a. How much in total dollars is the company behind in its payments? b. The firm proposes to offer new common stock to the preferred stockholders

Return on investment components

Please help, before I turn this homework in, I want to be sure I have done it correctly. Your help is greatly appreciated. See attached file. Thank you very much for your help!!!!!!!!!!!!

Return on investment measurement

Green company has prepared the following information for three of its divisions: (see attached) Division Historical cost of investments Division operating income X $560,000 $66,500 Y 532,000 64,400 Z 35

Advanced Purchase/consolidation Problem

P acquired 100% of S's outstanding common stock on 1/1/06 for $400,000. Selected information for S as of 1/1/06 follows: Capital stock $ 50,000 Retained earnings 250,000 Book Current Value Value Inventory 60,000 50,000 Land 170,000 200,000 Bldgs/equip440,000(a) 500,000 (a)Net of accum

Tax planning

Tax planning can involve unbelievably complex maneuvers. Some of the strategies may be less certain than others. As a strictly opinion-type question or series of questions, consider the following. In completing any tax planning for a corporation for which you are the CFO, to what degree would you be willing to be aggressive?

Cash Forecast; policies & procedures for gift shop

Please help me with this question: CASH FORECAST PROJECT. Bob Evans gift shop is going out of business and we have been approached by a wealthy person who wants to buy the business but does not know anything about the cash side of the business. He has asked us to put together some policies and procedures that he can use i

Use of different budgets

How does management use an operating budget? How do they use an activity-based budget? What are the similarities and differences between these two budgets?

What is the amount of gain or loss on this transaction

On March 14, batting co. traded in one of it's cages for one that cost $300,000. The seller of the batting cage is willing to allow a trade in amount of $20,000. The initial cost of old equipment was $100,000 with an accumilated depreciation of $80,000. Depreciation has been taken up at the end of the year. The difference will b

Smiths Incorporated

Company Background: Smiths Incorporated makes model cars to sell to toy stores & has a repair dept to repair clients cars for a fee & in business for 5 yrs. At the end of 2005, the accting records reflect total assets of $500,000 and total liabilities of $200,000. During the current year, 2006 the following events took place.

Plant Asset Expenditures

Diaz Company was organized on January 1. During the first year of operations, the following plant asset expenditures and receipts were recorded in random order. Instructions Analyze the foregoing transactions using the following column headings. Insert the number of each transaction in the Item space, and insert the amounts


Woolery, Inc. had 50,000 shares of common stock outstanding at January 1, 2006. On March 31, 2006, an additional 12,000 common shares were sold for cash. Woolery also had $4,000,000 of 6% convertible bonds outstanding throughout the year. The bonds are convertible into 40,000 shares of common stock. Net income for the year

Accounting for Income Taxes

The information that follows pertains to Raymond Company. Temporary differences for the year 2006 are summarized below. Expenses deducted on the tax return, but not included on the income statement: Depreciation $60,000 Prepaid expense 8,000 Expenses reported on the income statement, but not deducted on the

Accounting Change and Error Analysis

Prepare the disclosure notes required for the entries made in the problem, detailing the errors in and the changes you have made to the journal entries, and the changes will affect the financial statements. (Accounting Change and Error Analysis) On December 31, 2008, before the books were closed, the management and accountant

Accounting Equation

Can you help me with accounting spreadsheet with the following problem? I think I am trying to make to much into the financial information and continue to miss steps on the accounting spreadsheet and responses. Overview Company organized 1/1/205 by 4 people. Each person invested $10,000 in the company and issued 8,000 shares

Germany's current account surplus

In 1990, Germany's current account surplus exceeded $50 billion. However, it is estimated that the reunification process will require that Germany invest several hundred billion dollars in its eastern states over the coming decade. a. What implications does this huge investment have for Germany's current account balance in th

Likely effect of earthquake on Japan's current account

The devastating earthquake that hit Kobe, Japan on January 17, 1995 was estimated to cause about $100 billion in damage to the Japanese economy. What is the likely effect of this earthquake on Japan's 1995 current account? On its capital account? Explain.

Likely consequences of the tax subsidy plan on Japan's trade balance

In 1990, Japan's Ministry of International Trade and Investment (MITI) proposed that firms be given a tax credit equal to 5% of the value of its increased imports. The purpose of this tax subsidy is to encourage Japanese imports of foreign products and thereby reduce Japan's persistent trade surplus. At the same time, the Japane

Net impact of Boeing sale on the U.S. current account

Suppose Lufthansa buys $400 million worth of Boeing jets in 1994 and is financed by the U.S. Eximbank with a five year loan that has no principal or interest payments due until 1995. What is the net impact of this sale on the U.S. current account, capital account, and overall balance of payments for 1994?

Company A has given us the following information

Company A has given us the following information: Purchases during 1st quarter $18,000 Cash payments for materials during 1st quarter 22,000 Accounts Payable balance at the end of 1st quarter 6,000 Note: The accounts payable account is used only for direct materials. What was the balance in Company A's accounts pay