Answer:
Revenue from investment = 229,400
Explanation:
Given:
Purchased shares = 37,000
Value per share = $52
Sherman Corporation total shares = 100,000
Cash dividends = $162000
Net income = $620000
Find:
Revenue from investment = ?
Computation:
Revenue from investment = Net income (Purchased shares / Sherman Corporation total shares)
Revenue from investment = $620000 (37,000 / 100,000)
Revenue from investment = 229,400
Answer:
The totals of Trial balance have a difference of $8,000. The credit balance totals of Trial balance is higher than the debit totals because the original entry of debit is mission and there is an wrong posing on the credit side which reduce the debit balance by $4,000 and Increase the credit balance by $4,000 at the same time. Net effect will be $8,000 in totals of trial balance.
Answer: 15.1875
Explanation: k = 81 units L = 16 units
(81 × 3/4) × (16÷4) = 243
Q =243
APL = Q / L
243 ÷ 16 = 15.1875 units of labour
Answer:
$28.56
Explanation:
Given that
n = 19 years as dividends is not paid until 20 years
Dividend = $20
Required return = 10.5%
Price of stock 19 years from now = Dividends/Required return
= 20/10.5%
= 20/0.105
= 190.47
Price of stock today = Future value/(1 + r)^n
= 190.47/(1.105)^19
= 190.47/ 6.67
= 28.556
= $28.56
