Answer:
Prepare a single-step income statement for the year ended December 31, 2020
Explanation:
SUNLAND CORPORATION
Inconme statement
For the year endend December 2020
Revenue
Net Sales 2.425.800
Interes Revenue 38.200
Total Revenue 2.464.000
Expenses
Cost Of goods 1.458.200
Administrative expenses 212.600
Selling xpenses 282.000
Interes expense 46.400
Tax rate 139.440
Expenses 2.138.640
Net income 325.360
Shares issued 70210
Earning p/share 4,63
Answer:
The solution according to the given query is provided below.
Explanation:
The given question seems to be incomplete. The attachment of the complete query is provided below.
Now,
The additional investment will be:
= 
By putting the values, we get
= 
= 
Now,
The drawings will be:
= 
By putting the values, we get
= 
= 
Answer:
The workings of the answer are below;
Explanation:
Cost of purchase A $0.12
Current Market price B $492,937.50
Total Gain on sale C=B-A $492,937.38
Average annual gain over 56 year=$492,937.38/56=$8,802.45
Answer:
Today's price = = $30
Explanation:
The question requires the most price one is willing to pay today for the following
a) a stock that will sell for $30 in 1 year
b) Payout a dividend of $3
3) with a return rate on equity of 10%
To calculate the price for today or the present value,
we add the dividend expected to the selling price as follows
$3 + $30 = $33
The rate = 10% and the period = 1 Year
Present value = Future Value / (1+r)∧n
= 33/ 1.1
= $30