Which phrase best describes a country's monetary base?

Makers Corp. had additions to retained earnings for the year just ended of $261,000. The firm paid out $194,000 in cash dividend

gladu [14]

Answer:

a. $3.5 per share

b. $1.49 per share

c. $38.38 per share

d. 1.93 times

Explanation:

The computation is shown below:

a. Earning per share = (Net income) ÷ (Number of shares)

where,

Net income = Additions to retained earnings + cash dividends

= $261,000 + $194,000

= $455,000

So, the earning per share equal to

= $455,000 ÷ 130,000 shares

= $3.5 per share

b. Dividend per share = (Total dividend) ÷ (number of shares)

= ($194,000) ÷ (130,000 shares)

= $1.49 per share

c. Book value per share = (Total equity) ÷ (number of shares)

= ($4,990,000) ÷ (130,000 shares)

= $38.38 per share

d. Market to book ratio = (Market price per share) ÷ (book value per share)

= $74 ÷ $38.38

= 1.93 times

7 0

3 years ago

Langer Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plas

Alex

Answer:

Langer Company

Direct Materials Purchases Budget

For July, August and September

July August September Total

Units to be produced 3500 4400 4900 12800

Direct materials per unit (ounces) 15 15 15 15

Production needs 52500 66000 73500 192000

Desired ending inventory (ounces) 19800 22050 28350 28350

Total needs 72300 88050 101850 220350

Less: Beginning inventory 15750 19800 22050 15750

Direct materials to be purchased (ounces) 56550 68250 79800 204600

Cost per ounce $0.08 $0.08 $0.08 $0.08

Total purchase cost $4,524 $5,460 $6,384 $16,368

3 0

3 years ago

One bond has a coupon rate of 5.4%, another a coupon rate of 8.2%. Both bonds pay interest annually, have 13-year maturities, an

Gekata [30.6K]

Answer:

a. rate or return bond 1 6.6% bond 2 7.71%

b. Does the higher-coupon bond give a higher rate of return? yes

Explanation:

bond 1 has a coupon rate of 5.4%

bond 2 has a coupon rate of 8.2%

yield to maturity formula = {C + [(Face value - market value) / n]} / [(Face value + market value) / 2]

assume bond 1's face value = $1,000

coupon = 54

n = 13

YTM = 7.5%

0.075 = {54 + [(1,000 - M) / 13]} / [(1,000 + M) / 2]

0.075 x [(1,000 + M) / 2] = 54 + [(1,000 - M) / 13]

0.075 x (500 + 0.5M) = 54 + 76.92 - 0.0769M

37.50 + 0.0375M = 130.92 - 0.0769M

0.0375M + 0.0769M = 130.92 - 37.50

0.1144M = 93.42

M = 93.42 / 0.1142 = $818.04

rate of return = $54 / $818.04 = 0.066 = 6.6%

assume bond 2's face value = $1,000

coupon = 82

n = 13

YTM = 7.5%

0.075 = {82 + [(1,000 - M) / 13]} / [(1,000 + M) / 2]

0.075 x [(1,000 + M) / 2] = 82 + [(1,000 - M) / 13]

0.075 x (500 + 0.5M) = 82 + 76.92 - 0.0769M

37.50 + 0.0375M = 158.92 - 0.0769M

0.0375M + 0.0769M = 158.92 - 37.50

0.1144M = 121.42

M = 121.42 / 0.1142 = $1,063.22

rate of return = $82 / $1,063.22 = 0.07712 = 7.71%

8 0

3 years ago

Which of the following activities of a finance manager determines the types of assets the firm holds? A. analyzing and planning

Vlad [161]

Answer:

Which of the following activities of a finance manager determines the types of assets the firm holds?

C. investment decisions

Explanation:

Select the type of assets in which the funds will be invested by the firm is termed as the investment decision

6 0

3 years ago

At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at

Korvikt [17]

Average FIFO LIFO Specific

Identification

Sales $ 3,840 $3,840 $3,840 $ 3,840

Less: Cost of 2,256 2,040 2,560 2,060

Goods Sold

Gross Profit $ 1,584 $1,800 $1,280 $ 1,780

The income statement shows a company's expenses, income, gains, and losses, which can be put into a mathematical equation to arrive at the net profit or loss for that time period.

The balance sheet and income statement represent important information regarding the financial performance and health of a business. An income statement assesses the profit or loss of a business over a period of time, whereas a balance sheet shows the financial position of the business at a specific point in time.

The income statement presents revenue, expenses, and net income. The components of the income statement include revenue; cost of sales; sales, general, and administrative expenses; other operating expenses; non-operating income and expenses; gains and losses; non-recurring items; net income; and EPS.

Learn more about Income statements here brainly.com/question/24498019

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8 0

1 year ago