Joel de Paris, Inc. Balance Sheet Beginning Balance Ending Balance
Assets
Cash $125,000 $133,000
Accounts receivable 349,000 478,000
Inventory 573,000 478,000
Plant and equipment, net 813,000 811,000
Investment in Buisson, S. A 405,000 430,000
Land (undeveloped) 251,000 250,000
Total assets $2,516,000 $2,580,000
Liabilities and Stockholders' Equity
Accounts payable $388,000 $340,000
Long-term debt 953,000 953,000
Stockholders' equity 1,175,000 1,287,000
Total liabilities and stockholders' equity $2,516,000 $2,580,000

Sales $4,700,000
Operating expenses 4,089,000
Net operating income 611,000
Interest and taxes:
Interest expense $115,000
Tax expense 193,000 308,000
Net income $303,000

The company paid dividends of $191,000 last year. The "investment in Buisson, S. A.," on the balance sheet represents an investment in the stock of another company.

Required:
a. Compute the company's margin, turnover, and return on investment (ROI) for last year.
b. The board of directors of Joel de Paris, Inc., has set a minimum required rate of return of 18%. What was the company's residual income last year?

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Suppose the following items were taken from the balance sheet of nike, inc. (all dollars are in millions.) 1. cash $ 2,316.7 7. inventory $ 2,245.6 2. accounts receivable 2,786.2 8. income taxes payable 80.3 3. common stock 2,841.1 9. equipment 1,783.8 4. notes payable 291.2 10. retained earnings 6,162.5 5. buildings 3,959.7 11. accounts payable 2,624.6 6. mortgage payable 1,092.3 perform each of the following. classify each of these items as an asset, liability, or stockholders’ equity, and determine the total dollar amount for each classification. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) cash accounts receivable common stock notes payable buildings mortgage payable inventory income taxes payable equipment retained earnings accounts payable assets $ 13092 liability $ 4088.4 stockholders’ equity $ 9003.6 etextbook and media determine nike’s accounting equation by calculating the value of total assets, total liabilities, and total stockholders’ equity. (enter amounts in millions up to 1 decimal place, e.g. 45.5 million.) total assets = total liabilities + total stockholders’ equity

Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is