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nlexa [21]
3 years ago
11

Brown Fashions Inc.'s December 31, 2014 balance sheet showed total common equity of $4,050,000 and 290,000 shares of stock outst

anding. During 2015, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/15, assuming no common stock was either issued or retired during 2015? (Round your final answer to two decimal places.)
Business
1 answer:
Illusion [34]3 years ago
3 0

Answer:

$15.17

Explanation:

Given that;

Beginning book value = $4,050,000

Net income = $450,000

Dividends = $100,000

Ending book value = Beginning book value + Net income - Dividends

Ending book value = $4,050,000 + $450,000 - $100,000

Ending book value = $4,400,000

Book value per share = Ending book value / Number of shares

Book value per share = $4,400,000 / 290,000

Book value per share = $15.17

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2. Sunshine Bakery bakes 660 loaves of bread each day and estimates that 10% of the bread will go stale before it is
Alisiya [41]

Answer:

$0.79

Explanation:

The Bakery bakes 660 loaves of bread

The cost of baking one bread= $0.46

The total cost of baking all loaves of bread

= $0.46 x 660

=$303.60

The desired mark up is 55% of cost

=55% of $303.60

=55/100 x $303.60

=0.55 x $303.60

= $166.98

Desired revenues = $166.98 +$303.60

=$470.58

The number of sellable breads= 660 - (10% of 660)

=660-66

=594

Desired income is $470.58; sellable output is 594.

price per bread should be

=$470.58/594

=$0.79222

Price per bread = $0.79

3 0
2 years ago
The core power of personal selling, and primary source of its persuasiveness, draws from the opportunity sales people enjoy to:
hjlf

Answer:

listen to prospects and customers                        

Explanation:

Personal marketing takes place when a salesperson interacts with a prospective customer to make a deal.

Personal selling could be described as ' the system of individual-to-individual contact between a salesman and a potential consumer, where the prior discovers about the desires of the consumer and tries to meet those needs by giving the client the opportunity to purchase anything of interest, such as goods or services.

word can also be utilized to describe the state where a corporation employs a sales team as among the primary ways in which it interacts with consumers.

8 0
3 years ago
Putting together two or more parcels of land to make a large piece is called:________.
NeTakaya

Answer:

Assemblage.

Explanation:

In Real estate, putting together two or more parcels of land to make a large piece is called assemblage. The main purpose of assemblage is to increase the price of parcels of land by combining them together rather than selling them individually as a single unit.

<em>For instance, a real estate agent may purchase two (5) parcels of land each worth $50,000 (2 × $50,000). When he assembles them, the new single parcel of land is worth $150,000. </em>

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3 years ago
What is the objective of financial reporting? Provide information that clearly portrays nonfinancial transactions. Provide infor
sladkih [1.3K]

Answer:

Provide information about the reporting entity that is useful to present and potential equity investors, lenders, and other creditors.

Explanation:

Financial reporting refers to the presentation and disclosure of financial information of an entity to the public, investors, lenders and other stakeholder.

Financial reporting is carried out by reporting financial statements (balance sheet, income statements), statement of cash flows and other relevant/necessary disclosures, notes as required by law or statute or which are essential for better comprehension of such financial information.

Such information helps lenders to know the financial health of the entity, helps investors to decide whether it would be beneficial to invest in the entity, assures government of the compliance of laws by the entity, etc.

8 0
3 years ago
The critical path on a project can change as the project progresses. select one:
Tema [17]

The answer is True.

In project management, critical path refers to a sequence of stages that would require the smallest amount of time possible to bring a project to completion.

Critical path can change during a project since there might be circumstances during it which would lead certain activities to be finished longer or faster. Critical path can be determined by a specialized algorithm technique.

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3 years ago
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