Answer:
new earnings per share is $1.53
Explanation:
Given data
excess cash = $300
Equity is worth = $5,000
other assets = $6,200
stock outstanding = 500 shares
net income = $720
to find out
new earnings per share
solution
we know that equity per value is Equity / stock outstanding
that is
equity per value = (5000 / 500) = 10
equity per value = $10
and
we can purchase equity with excess cash $300 that is
= excess cash / equity per value
purchase equity with excess cash = (300 / 10) = 30
purchase equity with excess cash = 30 shares
so
after repurchase we have balance share is = (500 - 30) = 470
balance share = 470 shares
so that
new earnings per share will be = net income / balance share
new earnings per share = (720 / 470) = 1.53
new earnings per share is $1.53
Each player owe Brian 92 cents.
4.99+5.99 = 10.98
10.98/12 = .915 or approximately 92 cents
to check : .915 x 11 = 10.065 + .915 (brian's share) = 10.98
Answer:
book value at the end of year 3 = $115,200
Explanation:
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Year 1 Depreciation expense
400,000 x 20% = 80,000
Year 2 Depreciation expense
400,000 x 32% =128,000
Year 3 Depreciation expense
400,000 x 19.2% = 76,800
Book value = carrying value - depreciation for the year
or
purchase - accumulated depreciation
higher prices and higher outputs
Answer:
Total Assets = $2391000
Net Income = $318000
Explanation:
The corrected amount for total assets and net income for the year :
Total Assets = $2391000
Net Income = $318000
