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
Answer:
a. Land purchased by Sun Company from a local finance company
1) REAL ASSETS, the land exists as a physical asset regardless of the company's transaction.
b. Sun Company's administration building, which houses the finance department
1) REAL ASSETS, the building exists as a physical asset regardless of the company's transaction.
c. Sun Company's inventories of raw materials
1) REAL ASSETS, the inventories exists as a physical asset regardless of the company's transaction.
d. Accounts receivable: money owed to Sun Company by other companies who have purchased products on credits
2) FINANCIAL ASSETS, accounts receivable is a financial concept, not a physical asset
e. Sun Company's corporate checking accounts
2) FINANCIAL ASSETS, checks is a financial concept that represent money, not a physical asset
Answer:
<u>inocme statment:</u>
wages expense: understate
<u>net income</u> overstate
<u>blanace sheet</u>
wages payable: understate
Retained Earnings: overstate
Explanation:
If the adjusting entry is not made, then the expenses will be lower than it should.
Thereofre the net income will be overstate as there are more expenses but weren't recorded.
the balance sheet will not represent accurate the liabilities as there is wages payable which are not recorded.
also, in the blaance sheet the Retained Earnings account will be overstate as it include the net income which is overstate.
Answer:
The demands of an entrepreneur and a professional athlete are more comparative than one may expect.
Explanation:
Professional athlete are required to place in extended periods of time, remain submitted, deal with their bodies, keep an expert notoriety, and deal with their own image. An entrepreneur must work unusual hours, stay with their objectives, deal with themselves, arrange and keep up great associations with sellers and clients, and advance their organisation. So yes they both have similarities and an athlete can work as an entrepreneur because he knows how to work with team members and how to stay on objectives.
Answer:
C. Decide on a general, neutral comment you can make if customers ask you about a warranty
Explanation:
The comment might be that each product contain the warranty within the box.
