Answer:
Fox Resources
Units of common stock in issue = $5,000,000 divided $20 = 250,000 units
A. Earnings per share = Net income (after deducting preferred stock interest) divided by number of outstanding shares in issue
We assume the Net income provided already has deducted interest on preferred stock
= 600,000/250,000
= $2.4
B. Price Earning Ratio
= share price divided by the Earnings per share
= 20/2.4
= 8.33
C. Dividend Per share
= Dividend paid divided by number of common stock issued & outstanding
= $125,000/250,000
= $0.50
Are you asking if it’s true or false?
Answer:
An example of a product going through scarcity is when heavy rainfall and flooding destroy crops because of which their supply is decreased, and because of this shortage their prices sky rocket or increase very fast.
Explanation:
Answer: B, market.
Explanation: Hope this helps you out. <3
Answer:
Date Account Titles and Explanation Debit Credit
1-Nov Cash Dividends $42,000
(8,400 shares x $5)
Dividends Payable $42,000
(To record dividends payable)
1-Dec No entry on this date
31-Dec Dividends Payable $42,000
Cash $42,000
(To record payment of cash dividend)