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Gekata [30.6K]
3 years ago
15

The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.

Business
1 answer:
OverLord2011 [107]3 years ago
3 0

Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.

Explanation:

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Here is the income statement for Windsor, Inc. WINDSOR, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue
astraxan [27]

Answer:

a) Earning per share $3.66

b) Price earning ratio 3.28 times

c) Payout ratio 20.09%

d) Time Interest earned 9.35 times

Explanation:

A) Calculation for Earnings per share

First step is to calculate the Weighted Average number of common shares outstanding using this formula.

Weighted Average number of common shares outstanding = (Number of common shares outstanding in the beginning + Number of common shares outstanding in the end)/2

Let plug in the formula

Weighted Average number of common shares outstanding= (22,400 + 36,600)/2

Weighted Average number of common shares outstanding= 29,500

Now let calculate the Earnings per share using this formula

Earnings per share = (Net income – Preferred stock dividend)/Weighted Average number of common shares outstanding

Let plug in the formula

Earnings per share= (112,500 – 4,600)/29,500

Earnings per share= 107,900/29,500

Earnings per share= $3.66

B) Calculation for Price-earnings ratio enter price-earnings ratio in times

Using this formula

Price earnings ratio = Market price of 1 common share/Earnings per share

Let plug in the formula

Price earnings ratio= 12/3.66

Price earnings ratio= 3.28 times

C) Calculation for Payout ratio enter payout ratio in percentages using this formula

Payout ratio = Cash dividends/Net income

Let plug in the formula

Payout ratio= 22,600/112,500

Payout ratio= 20.09%

D) Calculation for Times interest earned enter times interest earned using this formula

Times interest earned = (Net income + Interest expense + Tax expense)/Interest expense

Let plug in the formula

Times interest earned= (112,500 + 16,100 + 21,900)/16,100

Times interest earned= 150,500/16,100

Times interest earned= 9.35 times

Therefore:

a) Earning per share $3.66

b) Price earning ratio 3.28 times

c) Payout ratio 20.09%

d) Time Interest earned 9.35 times

3 0
3 years ago
Social media (linkedin, facebook), used by 98% of recruiters, make finding employees more efficient. this is an example of a(n)
Rina8888 [55]
<span>Social media (linkedin, facebook), used by 98% of recruiters, make finding employees more efficient. This is an example of a technological advancement or force.

Because the employees are using online resources and being more efficient because of them, this is a way that the company is using technology to streamline their communication. By streamlining they are becoming advanced with technology and using it to benefit the company in the long run.</span>
5 0
3 years ago
At May 1, 2022, Concord Corporation had beginning inventory consisting of 240 units with a unit cost of $6. During May, the comp
frutty [35]

Answer:

The value of Concord Corporation's inventory at May 31, 2022 is: $ 1,440

Explanation:

Weighted Average Cost Method Calculates a New Cost of Inventory following each Purchase

<u>Calculation of New Cost and Inventory value is as follows :</u>

Unit Cost = Total Cost / Total Units

                =((240×$6)+( 480×$6)+(720×$6))/(240+480+720)

                = $ 8,640 / 1440

                = $ 6

Units Remaining = 240+480+720-1200

                            = 240

Inventory Value = 240×$ 6

                           =$ 1,440

6 0
3 years ago
The outstanding stock is composed of 10,000 shares of $100 par, cumulative preferred 5% stock, and 50,000 shares of $20 par comm
kodGreya [7K]

Answer:

Therefore out of $145,000, dividend to preference share holders = $145,000

Explanation:

Whenever there is issue of preference shares, cumulative in nature then the dividend has to be paid every year, in case the dividend is not paid for any year, then that amount accumulates as it is a kind of liability to be settled.

Before any payment of dividend to common stock holders all the dividend accumulated to preference share holders shall be paid.

Here, preference dividend for each year = 10,000 \times $100 \times 5% = $50,000

Therefore, out of current year dividend 50,000 \times 2 = $100,000 has to be paid to preference shareholders as past year dividend.

In the current year dividend = $145,000 -$100,000 = $45,000

This also will be paid to preference shareholders as their dividend for a year = $50,000

and out of this $50,000 - $45,000 = $5,000 will be due on preference shares in next year.

As this rate of dividend cannot be decreased, and dividend has to be paid at this rate minimum.

Therefore out of $145,000, dividend to preference share holders = $145,000  

3 0
3 years ago
Howard's Supply Co. suffered a fire loss on April 20, 2021. The company's last physical inventory was taken January 30, 2021, at
blsea [12.9K]

Answer:

$257,800

Explanation:

According to the scenario, calculation of the given data are as follows,

Inventory on Jan. 30,2021 = $226,000

Sales = $606,000

Purchase = $456,000

Gross profit = 30% × $606,000 = $181,800

So, we can calculate the inventory loss by using following formula,

Inventory loss = COG for sale - COG sold

= ($226,000 + $456,000) - ($606,000 - $181,800)

= $682,000 - $424,200

= $257,800

8 0
3 years ago
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