Answer:
$31.35 (Approx)
Explanation:
Require a return on company's stock = 9.6%
Dividend:
Year 1 = $5.20
Year 2 = $9.30
Year 3 = $12.15
Year 4 = $13.90
Therefore,
Stock price:
= Future dividends × Present value of discounting factor(rate%,time period)
= $31.35 (Approx)
I think it is an application OR a resume. That is usually what is necessary for applying for a job.
Answer:
Earnings per share for 2017 = $1.707
Explanation:
Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.
Therefore, if there is change in number of equity shares average is taken, for that.
Equity on 1 Jan 2017 = 160,000 shares
Equity on 31 December 2017 = 250,000 shares
Average = 
Earnings per share for 2017 = 
= 
Earnings per share = $1.71 (Rounded off)
Answer:
$56,600.00
Explanation:
The amount the company spent on purchase of additional equipment during year 1 can be ascertained using the formula below:
amount spent on additional equipment=ending balance of equipment-(beginning balance-cost of equipment sold)
ending balance of equipment is $304,700
beginning balance is $341,200
cost of equipment sold is $93,100
amount on additional equipment=$304,700-($341,200-$93,100)=$56,600.00
Answer:
1. Allocation Base
Definition: A measure that causes or influences the incurrence of a cost.
2. Direct Labor Time
Definition: A source document that shows how a worker spent time each week.
3. Ticket Indirect Costs
Definition: Costs not easily traceable to producing a product, job or service.
4. Job Coat Shoot
Definition: A detailed record of costs incurred to complete a specific job.
5. Job Order Costing
Definition: An accounting system used by companies that offer customized or unique products or services.
6. Materials Requisition Form
Definition: A form that lists the quantity of direct materials to be used in a job.
7. Overapplied Overhead
Definition: The amount of actual overhead is less than the applied overhead.
8. Underapplied Overhead
Definition: The amount of actual overhead is greater than the applied overhead.
9. Predetermined Overhead
Definition: Estimated manufacturing overhead divided by estimated cost driver.
10. Rate Process Costing
Definition: An accounting system used by companies to make standardized or homogeneous products or services.
