Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. financial data for joel de paris, inc., for last y

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc...

70.2K

Verified Solution

Question

Accounting

image

image

Financial data for Joel de Paris, Inc., for last year follow: Joel de Paris, Inc Balance Sheet Beginning Balance Ending Balance Assets Cash Accounts receivable Inventory Plant and equipment, net Investment in Buisson, S.A. Land (undeveloped) Total assets $ 131,000 134,000 486,000 483,000 777,000 431,000 254,000 $ 2,480,000 2,565,000 333,000 565,000 811,000 391,000 249,000 Liabilities and Stockholders Equity Accounts payable Long-term debt Stockholders' equity $ 381,000 334,000 1,044,000 1,055,0001,187,000 1,044,000 Total liabilities and stockholders equity 2,480,00 2,565,000 Joel de Paris, Inc Income Statement Sales Operating expenses Net operating income $ 4,278,000 3,636, 300 641,700 Interest and taxes: $ 122,000 Interest expense Tax expense 202,000324,000 $ 317,700 Net income The company paid dividends of $185,700 last year. The "Investment in Buisson, S.A.," on the balance sheet represents an investment in the stock of another company. The company's minimum required rate of return of 15%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The Microscope: You are a medical doctor specializing in blood diseases, especially malaria. Malaria is caused by...

Biology
1.2K views

Describe two methods of studying the evolution of silk production and use in spiders. In other...

Mechanical Engineering
1.2K views

A car and the suspension system are a damped spring, mass system, with a natural frequency...

Biology
1.2K views

14 CSI Wildlife Explain how gel electrophoresis is an affective technique for identifying the source...

Physics
1.2K views

Assertion A In a meter bridge experiment null point for an unknown resistance is measured...

Physics
1.2K views

43 Electric field of a dipole is related to distance r as E x 7...

Geometry
1.2K views

The endpoints of two segments are given Find the length of each segment If necessary...

Calculus
1.2K views

any vertical al or oblique tes in the graph of State the domain of 12...

Calculus
1.2K views

The area of the region in the first quadrant between the graph of y k...

Accounting
1.2K views

help me please and thank you!! Crane Company manufactures toasters....

Accounting
1.2K views

presented here is information about Brady company's inventory. determine the missing amounts ...

Accounting
1.2K views

Describe physical controls, independent internal verification, and human resource controls. For each internal control principle,...