Answer would be .24, according to my "calculations"
Answer:
Nonprofits
Explanation:
Nonprofit business are businesses that have been granted exemption from paying tax by the federal inland revenue. They are formed for the purpose of mutual benefits and not for pursuing owners profits.
He control his profits en his expenditure without interference
Answer:
(a) Earnings per share = Net income ÷ Number of shares
= $22,500,000 ÷ 6,500,000
= $3.46
Price-earnings ratio = Stock price ÷ Earnings per share
= $72 ÷ $3.46
= 20.81
(b) Earnings per share = Net income ÷ Number of shares
= $22,500,000 ÷ (6,500,000 + 650,000)
= $3.15
R = (M0 - S) ÷ (N + 1)
= ($72 - $66.50) ÷ (7 + 1)
= $0.69
where,
M0 = current market price of Walker common stock
S = selling price per share
N = seven rights is needed to buy one of the new shares
Ex-rights price = Rights-on price - Rights value
= $72 - $0.69
= $71.31
Price-earnings ratio = Stock price ÷ Earnings per share
= $71.31 ÷ $3.15
= 22.64
Answer:
no cash was collected during the period
or
cash collections during the year are less than the amount of revenue recognized
Explanation:
For example if we had Accounts receivable beginning balance $ 250,000 and Sales of $ 500,000 are made on accounts then the Total Accounts receivable will be $ 750,000.
But out of the $ 500,000 sales only $300,00 cash is collected and the remaining $ 200,000 is still in the Accounts receivable balance so the ending Accounts receivable balance will be $ 250,000 + $200,000 = $ 450,000 which will be greater than beginning Accounts receivable balance.
So there are two possibilities either cash collections during the year are less than the amount of revenue recognized.
or
no cash was collected during the period.
Similarly it cannot be choice no 1 : collections during the period exceed the amount of revenue recognized
Because if more cash is collected then ending account receivable balance would be less than the beginning account receivable balance.
Choice no 3 is also wrong if cash collections are more than the ending accounts receivable balance would be less