Answer and Explanation:
The computation of the earnings and dividend per share is shown below;
But before that the net income should be determined
Sales 667000
Less: Costs 329000
Income before depreciation, interest and taxes 338000
Less: Depreciation expenses 73000
Operating income 265000
Less: Interest expenses 46500
Income before tax 218500
Less: Tax at 25% 54625
Net income 163875
a Earning per share = Net income ÷ Outstanding Common stock
= $163,875 ÷ 27200
= $6.02 per share
b Dividend per share = Dividend paid ÷ Outstanding Common stock
= $47000 ÷ 27200
= $1.73 per share
A financial statement audit is the examination of an entity's financial information and accompanying exposures by a liberated auditor.
<h3>What is the main objective of the audit of financial statements?</h3>
The purpose of an audit of financial statements is to enable the auditor to communicate an opinion on whether the financial statements are prepared, in all material respects, by an applicable monetary reporting framework.
External auditors are accountable for auditing the company's financial statements and delivering reasonable assurance that they are presented fairly and following GAAP and that they recollect a true representation of the company's financial position and end of operations.
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Answer:
A. Documents fashion trends at different times in history.
Answer:
<em>Max APR=6.34%</em>
Explanation:
<u>Present Value of Payments</u>
If someone borrows an amount PV and will make regular payments of R dollars, then the relation between them is
Where
We know the maximum value for R is $650, thus we can know the minimum value for Fa with:
It means that we need to find the value of i such that (for n=48):
This equation cannot be solved in terms of natural or algebraic functions. We need to find the best possible value of i by any numerical approximate method. Let's start off by setting i=0.01
It's too far away from the required value. Now we adjust to i=0.005
This is a much better value. A final iteration for i=0.00528 gives
This value is close enough to the required answer. Converting it tho APR:
Answer:
Management
Explanation:
Better cash management ensures survival of any firm if well handled and managed.
A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.
Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time
And others.