Answer:
Budgeted sales ($)= $752,500
Explanation:
Giving the following information:
Manhattan expects to sell 2,400 cookware sets for $200 each in April and 3,500 cookware sets for $215 each in May.
To calculate the budgeted sales, we need to use the following formula:
Budgeted sales ($)= number of units sold*selling price per unit
Budgeted sales ($)= 3,500*215= $752,500
Answer:
= 3%
Explanation:
<em>Dividend yield is the proportion of a share a price that is earned as dividend. In other words, it is the dividend paid as a percentage of the share price.</em>
Dividend yield = DPS/Share price × 100
The share price can be determined using the P/E ratio as follows:
<em>Share price = P/E × EPS</em>
<em>Earnings per share (EPS</em>) = $13 million/ 2 million
= $6.5 per share
<em>Share price</em> = 10 × $6.5 = $65
<em>Dividend paid (Dividend per share) = Payout ratio × EPS</em>
= 30% × $6.5
= $1.95 per share
Dividend yield = DPS/Share price × 100
= 1.95/65 × 100
= 3%
Answer:A. Public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP.
Explanation:GAAP(Generally accepted accounting principles) is a body saddled with the response of ensuring that financial statements are prepared based on certain principles which includes the following.
OBJECTIVITY, MATERIALITY, CONSISTENCY AND PRUDENCE. All public corporations (those whose stock are traded on exchanges) are subject to annual audit as to their compliance with GAAP which regulates Their Financial statement and reports.
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