Ms. Child is considering the purchase of a new food packaging system. The system costs $105265. Ms.

Dunder Imports has common stock outstanding at a market price of $57 per share. The total market value of the firm is $5,130,000

MaRussiya [10]

Answer:

Dividend per share is 5.55.

Explanation:

Common stock has the market price = $57 per share

The total market value of the firm = $5130000

The liquidating amount of its division = $500000

Now we have to find the amount per share of the dividend, below is the calculation.

Number of outstanding shares = 5130000 / 57 = 90000

Dividend = 500000

Dividend per share = 500000 / 90000 = 5.55

3 0

3 years ago

The adjusting entry for a prepaid expense includes a debit to a(n) ______ account

ziro4ka [17]

The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

<h3>What is adjusting entry ?</h3>

An adjusting journal entry can be described d as the entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.

It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

Find out more on adjusting entry at :

brainly.com/question/13933471

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4 0

2 years ago

The following information pertains to Pernell Company's pension plan. Beginning PBO: $500,000; current service cost $50,000; dis

monitta

Answer:

= $560,000

Explanation:

Given that:

-Beginning PBO: 500,000
-Current Service Cost: 50,000
-Discount Rate: 6% => interest cost = 500,000*6% = 30,000
-Contributions by Pernell: 40,000
-Benefits paid to employees 25,000
-Loss on PBO: 5,000

As we know that service cost; gains and losses; payments to retired employees; prior service cost; interest cost; payments to employees are factors that change the balance of the PBO

So the ending balance of the PBO will be:

Beginning PBO + Current Service Cost + Interest cost Loss on PBO -Benefits paid to employees

$500,000 + $50,000+ $30,000+$5,000-$25,000

= $560,000

4 0

3 years ago

The chart shows the pricing history for two items. Which person saved the most money by buying a product at the right time?

pishuonlain [190]

The person that waited six months to purchase the game system (A)

6 0

3 years ago

Read 2 more answers

Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $220 million of 8% bonds, dated January 1, on January 1, 20

7nadin3 [17]

Answer:

1 Jan 2021- Debit Investment $220 million, Credit Bank $201 million, Credit Discount received $19 million.

30 June 2021 Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December Debit Bank $8,800,000 Credit Interest income $8,800,000

31 December 2021 Debit Fair value loss $10 million, Credit Investment $10 million.

Explanation:

Required: prepare journal entries.

interest income = 220 million *0.08 *6/12= $8,800,000

fair value gain or loss = opening fair value - fair value at the end of the year

= 220 million - 210 million

= $10 million

7 0

4 years ago