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3 years ago

An accounting worker who processes routine details about accounting transactions

Business

1 answer:

klio [65]3 years ago

7 0

Accounting clerkAn accounting worker who processes routine details about accounting transactions.hope this helps

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Beckett, Inc., has no debt outstanding and a total market value of $200,000. Earnings before interest and taxes, EBIT, are proje

FrozenT [24]

Answer:

Beckett, Inc.

Earnings Per Share:

a-1. Earnings Per Share:

Economic Conditions Normal Expansion Recession

Earnings before interest and taxes = $30,000 $35,400 $24,000

Earnings per share:

Recession = $24,000/8,000 $3.00

Normal = $30,000/8,000 $3.75

Expansion = $35,400/8,000 $4.43

a-2. Percentage changes in EPS:

Recession = -$0.75/$3.75 x 100 = -20%

Expansion = $0.68/$3.75 x 100 = 18.13%

b-1. EPS after recapitalization:

Economic Conditions Normal Expansion Recession

Earnings before interest and taxes = $30,000 $35,400 $24,000

Interest at 8% $8,000 $8,000 $8,000

Earnings after interest $22,000 $27,400 $16,000

Earnings per share:

Recession = $16,000/8,000 $2.00

Normal = $22,000/8,000 $2.75

Expansion = $27,400/8,000 $3.43

b-2. Percentage changes in EPS:

Recession: -$0.75/$2.75 x 100 = -27.27%

Expansion: $0.68/$2.75 x 100 = 24.73%

Explanation:

1. Data:

Market Value = $200,000

Economic Conditions Normal Expansion Recession

Earnings before interest and taxes = $30,000 $35,400 $24,000

Issue of debt for $75,000 with 8% interest

Proceeds to repurchase shares of stock.

Outstanding shares = 8,000

Ignore taxes

5 0

3 years ago

Thomas Joslin was judged at fault in an automobile accident. Three others were awarded damages of $156,000, $75,000, and $69,000

Mrrafil [7]

$69.000 because it’s an less amount

6 0

2 years ago

Fletcher Company collected the following data regarding production of one of its products. Compute the direct materials quantity

laiz [17]

Answer:

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

Explanation:

given data

Direct materials standard 6 lbs. @ $2/lb. = $12 per finished unit

Actual direct materials = 230,900 lbs

Actual finished units produced = 38,000 units

Actual cost of direct materials = $459,390

to find out

Direct materials quantity variance

solution

we get here Direct materials quantity variance that is express as

Direct materials quantity variance = ( Actual Quantity - Standard Quantity) × Standard Price ........................1

we know here Actual Quantity is 230,900 lbs

and Standard Quantity is = Actual finished units produced × Direct materials standard quantity per unit

Standard Quantity = 38000 × 6

Standard Quantity = 228000 lbs and here Standard Price is $2 per lb

so put here value in equation 1 , we get

Direct materials quantity variance = (230900 - 228000) × $2

Direct materials quantity variance = 5800 Unfavorable

so correct option is $5,800 unfavorable

3 0

3 years ago

Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock,

likoan [24]

Answer: $66.67

Explanation:

Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of ;

Given the following :

Par value of preferred stock = $100

Fixed Dividend rate = 8% of par

Expected return on investment (r) = 12%

Purchase price of this stock in other to earn 12% :

Per share price is given by:

(par value × Dividend rate) / expected return

($100 * 0.08) / 0.12

$8 / 0.12 = $66.6666

= $66.67

4 0

3 years ago

We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:

kolezko [41]

The reason behind the falling of price and quantity of ketchup sold is that the cost of mustard seeds decreases as mustard is a substitute of ketchup and for the input mustard seeds are produced. So, if the price of mustard seed decreases, the price of ketchup also decreases.

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3 years ago