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FAR > Formulas > Flashcards

Formulas Flashcards

1
Q

Double Declining Balance

A

1/(Useful Life x 2 x Book Value)

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2
Q

Sum of the Years Digits

A

Depreciation Expense = (Cost - Salvage Value) x Remaining Useful Life / SYD

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3
Q

Admission of New Partner - Bonus Method

A

*NO Goodwill

New Partnership Equity = Old Partnership Equity + New Partner Contribution

New Partner Equity Amount = New Partnership Equity x New Partner %

Bonus to Prior Partners = New Partner Contribution - New Partner Equity Amount

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4
Q

Admission of New Partner - Goodwill Method

A

*YES Goodwill

Partnership Value = New Contribution / New Equity %

Goodwill to Old Partners = Implied Value of Partnership - Capital Accounts of all partners

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5
Q

Gross Margin

A

Sales - COGS

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6
Q

Inventory Turnover

A

COGS / Average Inventory

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7
Q

Average Day’s Sales

A

365 / Inventory Turnover

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8
Q

COGAS

A

Beginning Inventory + Purchases

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9
Q

Weighted Average Cost per Unit

A

COGAS / Total Units

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10
Q

Quick (Acid) Ratio

A

(Cash + A/R + Trading Securities) / Current Liabilities

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11
Q

Current Ratio

A

Current Assets / Current Liabilities

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12
Q

Working Capital

A

Current Assets - Current Liabilities

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13
Q

A/R Turnover

A

Credit Sales / Average A/R

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14
Q

Inventory Turnover

A

COGS / Average Inventory

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15
Q

Days Sales in Inventory

A

365 / Inventory Turnover

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16
Q

Days to Collect A/R

A

Average A/R / Average Sales Per Day

17
Q

Pension Expense

A 
Service Cost
\+ Interest
- Actual Return on Plan Assets
\+ Unexpected Loss (Gains)
\+ Amortization of Prior Service Cost
18
Q

Book Value - C/S

A

Total Common Stock

  • Total Preferred Stock
  • P/S Dividends in Arrears
  • P/S Liquidation Premium
19
Q

Book Value per Share

A

Total Book Value / Shares Outstanding

20
Q

Book Value per Share Payout Ratio

A

Dividends per Share / Earnings per Share

21
Q

Basic Earnings per Share

A

(Net Income - Preferred Dividends) / Average C/S Outstanding

FAR (20 decks)

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