Question

Olivia Greer is a partner in Made for You. An analysis ofGreer's capital account indicates that during the most recent year,she withdrew $31,000 from the partnership. Her share of thepartnership's net loss was $21,500 and she made an additionalequity contribution of $21,000. Her capital account ended the yearat $161,000. What was her capital balance at the beginning of theyear?

$192,500

$139,500

$160,500

$214,000

$129,500

The following information is available on TGR Enterprises, apartnership, for the most recent fiscal year:

Total partnershipcapital at beginning of the year	$156,000
Partnership netincome for the year	$126,000
Withdrawals bypartners during the year	$66,000
Additionalinvestments by partners during the year	$36,000

There are three partners in TGR Enterprises: Tracey, Gregory andRodgers. At the end of the year, the partners' capital accountswere in the ratio of 2:1:2, respectively. Compute the endingcapital balances of the three partners.

Tracey = $153,600; Gregory = $76,800; Rodgers = $153,600.

Tracey = $66,400; Gregory = $76,800; Rodgers = $66,400.

Tracey = $50,400; Gregory = $25,200; Rodgers = $50,400.

Tracey = $100,800; Gregory = $50,400; Rodgers = $100,800.

Tracey = $84,000; Gregory = $84,000; Rodgers = $84,000.

A company had a beginning balance in retained earnings of $43,900.It had net income of $6,900 and paid out cash dividends of $5,850in the current period. The ending balance in retained earningsequals:

rev: 12_08_2015_QC_CS-34455

$12,750.

$42,850.

$56,650.

$44,950.

$5,850.

A company has net income of $930,000; its weighted-average commonshares outstanding are 186,000. Its dividend per share is $0.75,its market price per share is $94, and its book value per share is$85.00. Its price-earnings ratio equals:

rev: 02_05_2016_QC_CS-41025

9.75.

8.25.

17.00.

9.00.

18.80.

A company has earnings per share of $8.60. Its dividend per shareis $1.55, its market price per share is $98.90, and its book valueper share is $75. Its price-earnings ratio equals:

11.50.

8.72.

7.50.

8.60.

5.55.

A company paid$1.10 in cash dividends per share. Its earnings per share is $3.10,and its market price per share is $29.00. Its dividend yieldequals:

35.5%.

28.2%.

10.7%.

2.8%.

3.8%.

A company has 50,000 shares of common stock outstanding. Thestockholders' equity applicable to common shares is $612,500, andthe par value per common share is $10. The book value per shareis:

$0.08.

$61.25.

$10.00.

$12.25.

$2.25.