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  • 1.  Hock international study material review

    Posted 10 days ago

    Does any used study materials from Hock international for CMA? Whether preparing only with Hock's material is enough for appearing exam?



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    Anusha Ravindranaath
    Analyst
    Chennai,TN
    India
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  • 2.  RE: Hock international study material review

    Posted 9 days ago

    Yes, Hock is sufficient. Any material or teacher can play say 30% role in your preparation. Rest 65 percent is your effort and 5 percent external factors including luxk.



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    Sreekanth Sasidharan Nair
    Analyst
    Abu Dhabi
    United Arab Emirates
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    Original Message


  • 3.  RE: Hock international study material review

    Posted 9 days ago
    Can anyone assist in solving this question?

    Gary Crenshaw is an investor in several businesses. His first investment, Bream's Sporting Goods, operates five stores in the Cleveland, Ohio area. Gary owns 15% of the common stock and is evaluating whether to sell his shares. Before he makes a decision, he would like to examine the company's profitability and market ratios. Financial statements for the year 20X2 are shown here:
    Balance Sheet as of 12/31
    Liabilities & Equity
    Assets
    Liabilities & Equity
    Cash and Cash Equivalents
    $1,039,052
    Accounts Payable
    161,148
    Accounts Receivable
    850,184
    Accrued Expenses
    195,462
    Merchandise Inventory
    1,500,650
    Current Portion of LT Debt
    88,650
    Total Current Assets
    $3,389,886
    Total Current Liabilities
    $445,260
    Long-Term Investments
    1,982,070
    Long-Term Debt
    752,486
    Property and Equipment, Net
    2,728,876
    Convertible Preferred Stock
    600,000
    Intangible Assets
    242,949
    Common Stock Par $3
    750,000
    Total Assets
    $8,343,781
    Additional Paid-in Capital
    3,120,088
    Retained Earnings
    2,880,747
    Treasury Stock (5,000 shares)
    (204,800)
    Total Liabilities & Equity
    $8,343,781
     
    Income Statement
    Net Sales
    $3,459,329
    Cost of Goods Sold
    1,137,041
    Gross Profit
    $2,322,288
    Operating Expenses
    614,645
    Depreciation & Amortization
    265,750
    Operating Income
    $1,441,893
    Interest Expense
    134,490
    Other Expenses
    3,040
    Income Before Tax
    $1,304,363
    Income Tax Expense
    260,873
    Net Income
    $1,043,490
     
    Other Information
    Price per share of common stock on 12/31/20X2
    $45.00
    Price per share of common stock on 1/1/20X2
    $38.50
    Total assets as of 12/31/X1
    $7,982,949
    Total common stockholders' equity as of 12/31/X1 (not including treasury stock)
    $6,242,985
    No preferred shares were issued during 20X2, but 50,000 shares of common stock were issued on 6/30/20X0
    No treasury stock was purchased or sold during 20X2
    No common stock dividends were declared or paid during 20X2
    The convertible preferred stock is par $100 and carries a 4% dividend. Each preferred share is convertible into eight shares of common stock.
     Calculate and interpret the Basic EPS and Diluted EPS.






    Original Message


  • 4.  RE: Hock international study material review

    Posted 8 days ago
    Helo




    Original Message


  • 5.  RE: Hock international study material review

    Posted 9 days ago
    Please add in group
    9954126607



    Original Message


  • 6.  RE: Hock international study material review

    Posted 6 days ago

    Please add me too +965 99073894



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    Bazza Al Ghanim
    Accountant
    Kuwait City
    Kuwait
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    Original Message


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