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    Income Adam's Salary $ 45,000

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    SANDI ekstra
    This document contains information about Muhammad Sandi Prayoga, a student in class IV C studying business finance. It also contains examples of creating a personal income statement, calculating earnings per share and retained earnings, and preparing a balance sheet for Mellark's Baked Goods. The income statement shows the Adams family had total income of $75,650 and expenses of $46,309, giving a cash surplus of $29,341. The EPS calculation for a company was $0.80 and retained earnings were $44,600. The balance sheet lists assets of $1,965 and liabilities and equity of $1,930 for Mellark's Baked Goods as of December 31, 2015.

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    Income Adam's Salary $ 45,000

    Uploaded by

    SANDI ekstra
    259 views3 pages
    This document contains information about Muhammad Sandi Prayoga, a student in class IV C studying business finance. It also contains examples of creating a personal income statement, calculating earnings per share and retained earnings, and preparing a balance sheet for Mellark's Baked Goods. The income statement shows the Adams family had total income of $75,650 and expenses of $46,309, giving a cash surplus of $29,341. The EPS calculation for a company was $0.80 and retained earnings were $44,600. The balance sheet lists assets of $1,965 and liabilities and equity of $1,930 for Mellark's Baked Goods as of December 31, 2015.

    Original Title

    jawaban rasio

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    This document contains information about Muhammad Sandi Prayoga, a student in class IV C studying business finance. It also contains examples of creating a personal income statement, calculating earnings per share and retained earnings, and preparing a balance sheet for Mellark's Baked Goods. The income statement shows the Adams family had total income of $75,650 and expenses of $46,309, giving a cash surplus of $29,341. The EPS calculation for a company was $0.80 and retained earnings were $44,600. The balance sheet lists assets of $1,965 and liabilities and equity of $1,930 for Mellark's Baked Goods as of December 31, 2015.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    259 views3 pages

    Income Adam's Salary $ 45,000

    Uploaded by

    SANDI ekstra
    This document contains information about Muhammad Sandi Prayoga, a student in class IV C studying business finance. It also contains examples of creating a personal income statement, calculating earnings per share and retained earnings, and preparing a balance sheet for Mellark's Baked Goods. The income statement shows the Adams family had total income of $75,650 and expenses of $46,309, giving a cash surplus of $29,341. The EPS calculation for a company was $0.80 and retained earnings were $44,600. The balance sheet lists assets of $1,965 and liabilities and equity of $1,930 for Mellark's Baked Goods as of December 31, 2015.

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    Nama : Muhammad Sandi Prayoga

    Nim : 201969100067
    Kls : IV C
    Mk : Keuangan Bisnis

    1 . a). Create a personal income and expense statement for the period ended December 31, 2015. It
    should be similar to a corporate income statement. Complete the income part of the personal
    income and expense statement for the period ended December 31, 2015:  (Round to the
    nearest dollar.)

    Personal Income and Expense Statement Period Ended December 31, 2015
    Income
    Adam’s salary $ 45,000
    Arin’s salary 30,000
    Interest received 500
    Dividends received 150
    Total Income $ 75.650
    Complete the expenses part of the personal income and expense statement for the period

    ended December 31, 2015:


    Personal Income and Expense Statement (Cont'd) Period Ended December 31, 2015
    Expenses
    Mortgage payments $ 14,000
    Utility expense 3,200
    Groceries 2,200
    Auto loan payment 3,300
    Home insurance 750
    Auto insurance 600
    Medical expenses 1,500
    Property taxes 1,659
    Income tax,social security 13,000
    Clothing and accessories 2,000
    Gas and auto repair 2,100
    Entertainment 2,000
    Total Expenses $ 46.309
    Cash Surplus or (Deficit) $ 29.341

    b). Since income exceeds expenses, the Adams' have a cash surplus. (Select from the drop-down

    menus.)

    c). The cash surplus can be used for a variety of purposes. In the short-term, they may replace
    their
    car, buy better furniture, or more quickly pay off their home. Alternatively, they may purchase
    stocks and bonds, or increase their savings for future needs. Investments in the stock market
    are generally designed to increase an individual's future wealth, the purchase of bonds
    typically
    allows one to at least retain their purchasingpower, while investment in savings accounts
    provide liquidity.
    2 . Explanation: A.) As we know that,
    EPS = Net income – Preferred dividends
    Average Shares Out Standing

    Net Income = EBIT (1-Taxe rate)


    = 361,000 (1-40%)
    = 216,600
    Now
    EPS = 216,600 – 52,000
    200,000 Shares
    So,
    EPS = $ 0,8

    B. ) computing retained earnings :-

    retained earnings = (net income-preferred dividends)-     (dividends)*(common

    share)
    = (216,600-52,000) – (0,60) (200,000)
    = $ 44.600

    3 . Balance sheet preparation. Use the appropriate items from the following list to prepare in
    good form Mellark’s Baked Goods balance sheet at December 31, 2015.

    Mellark’s Baked Goods


    Balance Sheet
    December 31, 2015

    Assets
    Cureet Assets :
    Cash $ 215
    Marketable securities 75
    Accounts receivable 450
    Inventories 375
    Total current assets $ 1.150
    Property, plant, & equipment :
    Land 100
    Buildings 225
    Machinery 420
    Equipment 140
    Furniture and fixtures 170
    Vehicles 25
    Total gross fixed PPE $ 1.080
    Less: Accumulated depreciation (265)
    PPE –Net $ 815
    Total assets $ 1965
    Liabilities and Stockholder’s Equity
    Current Liabilities :
    Accounts payable $ 220
    Notes payable 475
    Accruals 55
    Total current liabilities $ 750
    Long-term debt $ 420
    Total liabilities $ 1,170
    Stockholder’s equity:
    Preferred stock $ 100
    Common stock (at par) 90
    Paid-in capital in excess of par 360
    Retained earnings 210
    Total stockholders’ equity $ 760

    Total Liabilities and Stockholder’s equity $ 1930

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