Answer:
a. $0.30
Explanation:
Basic Earning Per Share (BEPS) = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stock.
Earnings Attributable to Holders of Common Stock calculation :
Net income after tax for the period $160,000
Less Preference Dividend ($10,000)
Earnings Attributable to Holders of Common Stock $150,000
Weighted Average Number of Common Stock calculation :
Outstanding common shares 500,000
Therefore,
Basic Earning Per Share (BEPS) = $150,000 ÷ 500,000
= $0.30
Answer:
Future value (FV) = $57,908
Present value (PV) = $8,860
Number of years (n) = 18 years
Interest rate = ?
FV = PV(1 + r)n
$57,908 = $8,860(1 + r)18
$57,908 = $8,860(1 + r)18
<u>$57,908</u> = (1 + r)18
$8,860
6.535891648 = (1 + r)18
18√6.535891648 = 1 + r
1.10993 - 1 = r
r = 0.10992 = 10.99%
Explanation:
In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.
Answer:
Yes.I do consider this invasion of privacy except i gave a consent to the website owner to use my data.
Explanation:
Answer:
March 15,
Dr. Dividend $20,520,000
Cr. Dividend Payable $20,520,000
April 13,
Dr. Dividend Payable $20,520,000
Cr. Cash $20,520,000
Explanation:
A dividend is announced and paid after some days, so the journal entries for both event will be recorded separately.
At The time of Declaration no payment is made, only a liability is created against the dividend payment.
Dividend Value = $0.095 x 216,000,000 shares = $20,520,000
Payment will be made by debiting the dividend payable account to adjust the liability account and Crediting cash for the payment of cash dividend.
