Answer: The difference in daily profit by selling white bread instead of speciality bread is $22.
<u>Daily Profit from selling white bread:</u>
Selling Price per loaf $3
.0
Cost per loaf $1.5
Profit per loaf
No. of units sold per day 52
Profit per day
<u>Daily Profit from selling specialty bread:</u>
Selling Price per loaf $4.50
Cost per loaf $2.50
Profit per loaf
No. of units sold per day 28
Profit per day
Hence the difference in daily profit is 
Answer:
The share capital will increase by $34000
Explanation:
dividend declared is in stock (10% of existing holding)
Share capital = 68,000 shares. dividend = 10% of 68,000 = 6,800
Par value of share is $5 per unit. Thus share capital increase is $5 x 6,800 = $32,000
share premium (23-5)= $18 per share. Thus share premium reserve will increase by 18 x 6,800 = $122,400
share premium is the difference between market value and par value of shares.
Answer:
The attached shows the journal entries in respect of Novark Corp. transactions for the month of October.
Every transaction has two impacts-debit and credit
Explanation:
Journal is a book of prime entry where transactions that cannot be posted to other books of original entry are treated.
Journal entry also observes the duality concept of accounting where each transaction in two accounts,for every debit,there is corresponding credit and vice versa.
Journal can also be used to correct errors made while posting to books of account.
Answer:
D. 9.0%
Explanation:
Provided return on equity = 15% = K
Earnings per share = $6.00
Dividend = 40% = $6
0.4 = $2.40
Internal Growth Rate = Cost of equity
(1 - Dividend payout ratio)
Putting values in above we have
Internal growth rate = 15%
(1 - 40%)
= 15%
60%
= 9%
Therefore, correct option is
D. 9.0%