Answer:
The correct answer is B.
Explanation:
Giving the following information:
Option 1: they can pay Sadie $5 per haircut plus 20% of their revenue.
Option 2: they can pay a flat chair rental of $1,000 per month.
The hairdressers charge their customers $40 per haircut.
Option1= 5*cut + 8*cut= $13 per cut
Option 2= $1000
1000= 13x
77=x
77 haircuts.
Answer:
Answer:
$
Market value of shares (3,000,000 x $15) = 45,000,000
Market value of bonds (30,000,000 x $101/100) = 30,300,000
Market value of the firm 75,300,000
The correct answer is D
Explanation:
Market value of the firm is the sum total of market value of shares and market value of bond. The market value of each stock is equal to number of stocks issued multiplied by current market price of each stock.
Explanation:
Answer:
$10.19 per share
Explanation:
With regards to the above, the basic earnings per common share is seen below;
Preferred dividend = Shares × Par value × Shares percentage
= 5,800 × $100 × 5%
= $29,000
So, basic earning per share = (Net income - Preferred dividend) ÷ Common shares
= ($620,000 - $29,000) ÷ 58,000
= $10.19 per share
Therefore, for 2021, basic earnings per common share amounted to $10.19
Answer:
<u>Generally accepted accounting principles</u>
Explanation:
Generally accepted accounting principles abbreviated as GAAPs , refer to set of accounting rules and principles to ensure clarity, consistency of reported information and to enhance reliability and comparability of accounting information.
GAAPs were prescribed by Financial Accounting Standard Board (FASB) of the United States. The accountants of public companies in United States are supposed to abide by GAAP principles while compiling accounts and preparing financial statements.
Thus, GAAPs lay emphasis upon presenting financial information which is relevant to the shareholders, which is true and can be relied upon , which is consistent and which can be compared to deduce past trends and for forming opinions and arriving at conclusions.
Answer:
$70,000
Explanation:
In this question, we are asked to calculate the amount credited to common stock warrants at issuance of the preferred stock.
A mathematical approach is needed to compute this.
Mathematically the amount credited to common stock warrants at issuance is calculated by multiplying the selling price of a warrant by the number of warrants.
The selling price of a warrant according to the question is $7. The number of shares issued is 10,000.
The amount credited to common stock warrants at issuance = $7 * 10,000 = $70,000
