Answer:
$0.71
Explanation:
Calculation to determine What was the average selling price for the common stock issued
Using this formula
Common stock issued avarage selling price=
Paid-in Capital in Excess of Par-Common÷Common Stock par value per share
Let plug in the formula
Common stock issued avarage selling price=($600,000+$98,000)/($98,000÷$0.10)
Common stock issued avarage selling price=$698,000/$980,000
Common stock issued avarage selling price=$0.71
Therefore the average selling price for the common stock issued is $0.71
Answer:
d. $55,600
Explanation:
Direct Labor = $34,000
Manufacturing Overhead Cost = $21,600
Conversion Cost = Direct Labor + Manufacturing Overhead Cost
Conversion Cost = $34,000 + $21,600
Conversion Cost = $55,600
So, the conversion costs during the month totaled $55,600.
Answer:
(a) $4.08
(b) $51.03
Explanation:
Constant growth rate for earnings:
= (EPS for any year ÷ EPS for the previous year) - 1
= (8.40 ÷ 8.00) - 1
= 0.05
= 5%
(a) EPS for 2016 = EPS for 2015 × (1 + 5%)
= 9.72 × 1.05
= $10.21
Dividend for 2016 = 40% × EPS for 2016
= 40% × 10.206
= $4.08
(b) Stock Price at the beginning of 2016:
= Dividend for 2016 ÷ (Required rate of return - Constant growth rate)
= 4.0824 ÷ (0.13 - 0.05)
= $51.03
Question Completion:
Options:
a. There must be at least two parties.
b. Each party is free to accept or reject the exchange offer.
c. Each party believes it is appropriate or desirable to deal with the other party.
d. Each party has something that might be of value to the other party.
Answer:
c. Each party believes it is appropriate or desirable to deal with the other party.
Explanation:
Criteria C is the criteria that will most directly relate to Deon's cancellation of the sponsorships. Business deals and relationships cannot be established or allowed to subsist when it becomes inappropriate or undesirable to deal with the other party because of controversial activities. This is more so when the activities involve political and social justice beliefs and differences. Ordinarily, business partners should not allow such personal prejudices to becloud their relationships. The best approach, therefore, is for business partners to keep their political and social justice beliefs personal and not make them public issues.
