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.
Answer:
Acceptance of solutions is an asset for groups and teams.
Explanation:
Team is a group of individuals who work for same goals and are linked in together for common purpose.Team management is often very challenging job for the organization . Teams are usually used to simplify a complex task and complete the work under the given time scale and satisfying all conditions and parameters.
Answer:
Marigold Corp.
The amount received from Bramble is $4,508.
Explanation:
a) Computation of Amount Received:
Jan. 15 Sales = $5,700
Jan. 20 Returns (1,100)
Balance due $4,600
Jan. 24 discount ($92)
Cash collected $4,508
b) Discount allowed = 2% of $4,600 = $92
c) This is in accordance with the trade terms 2/10, n/30, which allows a cash discount of 2% if payment was made within 10 days from the date of purchase, with the last allowed credit within one month. From January 15 to January 24 is 10 days. So, the cash discount of 2% applies on the balance due after the sales returns.
Answer:
13.856%
Explanation:
For computing the discounting rate we have to find out the weightage average cost of capital but before that first we have to determine the cost of equity and the after tax cost of debt which is shown below:
Cost of equity = Risk free rate of return + Beta × market risk premium
= 8% + 2 × 4%
= 16%
And, the after cost of debt is
= Cost of debt × ( 1 - tax rate)
= 8% × (1 - 0.34)
= 5.28%
Now the weighted cost of capital is
= Cost of debt × weighted of debt + cost of equity × weighted of equity
= 5.28% × 20% + 16% × 80%
= 1.056% + 12.8%
= 13.856%
Answer:
cash 1,000 debit
inventory 2,000 debit
land 5,000 debit
note payable 3,000 credit
Krug capital Account 5,000 credit
Explanation:
The land and inventories will be accepted at his market value.
Along with cash this are assets which enter the partnership so they are debited.
The note payable decreases the Krug capital contribution. It is credited.
Krug capital account balance will be to complete the entry and make debit = credit.
