Answer: 5.05 per share
Explanation:
.Porter. Street
$,000 $,000
Net income. 264. 236
Less amortization 0. 12
Less Interest. 48. 36
Total. 216. 188
*=. 216+188= 404/80000shasres
=5.05
The parents company Peter fully owns all the share of street which means it takes the whole.profit of street, The consolidation sechdule only takes cognizance of the parents company shares in calculating earning per share and the subsidiary share which is Street it's treated as an investment. The convertible shares are also not taking into consideration since they have not been convert.
Based on the number of shares you bought and the dividend per share, the total dividend income you received was $452.40.
<h3>How much dividend income was received?</h3>
The stock was held for 7 months and there are 2 quarters in a space of seven months so two dividends were received.
The amount received is:
= Number of share x Number of quarters x dividend per quarter
= 580 x 2 x 0.39
= $452.40
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Investing is important to make the cash flow of the economy.
Explanation:
The most vital component of a growing economy is the cash flow.
If the cash is not flowing from one business and one hand to another the economy is bogged down and then a slowdown occurs all across with a ripple effect.
Investments constantly bring capital in for the companies that are then able to spend that investment and to bring more and more money into the cash flow of the economy thus strengthening the circulation and creating growth.
This growth is what ultimately results in the growth of the whole economy.
I think the answer is D. i’m not really sure but i’m sorry if it is wrong
Answer:
Debit Interest Expense $17,304.80; credit discount on bonds payable $1,104.8; credit cash $16,200
Interest Expense A/c......................Dr $17,304.80
Discount on bonds payable A/c....Cr $1104.8
To Cash A/c............................Cr $16,200
Explanation:
Given the following :
Bond value = $346,096
Market rate = 10% = 0.1
Contract rate = 9% = 0.09
Par value = $360,000
Note : Semiannual payment = rate / 2
Calculating the cash value and interest expense:
Cash value :
Par value × contract rate
$360,000 × (0.09/2)
$360,000 × 0.045
= $16,200
Interest expense :
Bond value × market rate
$346,096 × (0.1/2)
$346,096 × 0.05
= $17,304.8
