The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding _____

Dove, Inc., had additions to retained earnings for the year just ended of $643,000. The firm paid out $40,000 in cash dividends,

Zinaida [17]

Answer:

Earnings for the year = Addition to retained earnings + Dividend paid = $643,000 + $40,000 = $683,000

a. Earnings per share = Earnings / No of shares = $683,000 / 750,000 = 0.91

Dividend per share = Dividend / No of shares = $40,000 / 750,000 = 0.05

Book value per share = Ending equity / No of shares = $7,380,000 / 750,000 = $9.84

b. Market price per share is 30.8. Market to book ratio = $30.80 / $9,84 = $3.13

c. Price earning ratio = $30.80/$0.91 = $33.82

Total sales = $10,680,000, Sales per share = 14.24

Price sales ratio = Market price / Sales = $30.80 / $14.24 = $2.16

3 0

3 years ago

The 100% rule does not imply that the optimal solution will necessarily change if the percentage exceeds 100%

kondor19780726 [428]

The truth is 100% Rule doesn’t imply that the optimal solution will automatically change if the percentage exceeds 100%. The 100% Rule compares, proposed changes to allowed changes. The value of the objective function will change, but the values of the decision variables and the dual prices will stay the same.

3 0

3 years ago

What are examples of financial goals? Check all that apply.

goldfiish [28.3K]

Answer:

Skylar wants to pay off her college student loans within five years and Lukas wants to earn at least $40,000 per year.

3 0

3 years ago

Read 2 more answers

Greer Company developed the following data for the current year:

bixtya [17]

Answer:

option (C) is correct.

Explanation:

Given that,

Beginning work in process inventory: $102,000

Direct materials used: 156,000

Actual overhead: 132,000

Overhead applied: 138,000

Cost of goods manufactured: 675,000

Total manufacturing costs: 642,000

Company's direct labor cost for the year:

= Total manufacturing costs - Overhead cost - Direct materials cost

= Total manufacturing costs - Overhead applied - Direct materials used

= $642,000 - $138,000 - $156,000

= $348,000

5 0

3 years ago

In the month of November Marigold Corp. wrote checks in the amount of $43300. In December, checks in the amount of $59239 were w

yanalaym [24]

Answer:

$11,977

Explanation:

The difference between the balance of the total checks written and balance of the total checks presented for withdrawal gives the amount outstanding.

As such, amount of outstanding checks at the end of December is the net of the balance of the checks written in November and December and the balance of the checks presented in the same period.

This is

= $43300 + $59239 - $39630 - $50932

= $11,977

4 0

4 years ago

Read 2 more answers

The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.