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vfiekz [6]
2 years ago
15

Points 4 you. Take them

Business
2 answers:
Vesnalui [34]2 years ago
6 0
Thank u kind person.
Ugo [173]2 years ago
5 0

Answer:

uhm ok

i guess so

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Becker Products is a manufacturer and distributor numerous food products. The company recently reported earnings per share of $5
atroni [7]

Answer:

The intrinsic value = $469.15

Explanation:

<em>The price earning (P/E) ratio can be used to determine the price of a stock. This is done as follows:</em>

Price = EPS × P/E ratio

It is appropriate to use the industry average price-earning ratio   for the purpose of this valuation.

The intrinsic value = 19.75 × $5.50 = $469.15

3 0
3 years ago
Read 2 more answers
Pizza Express Inc. began the 2016 accounting period with $2,500 cash, $1,400 of common stock, and $1,100 of retained earnings. P
sweet-ann [11.9K]

Answer:

Answer is explained in the explanation section below.

Explanation:

Part A: In part a, we are required to show the effects on the financial statements using horizontal statements model.

For that, we need to tabulate the entries properly. So, it cannot be done be done here in the typing section. So, I m putting it into the attachments. Please refer to the attachment for the part a solution.

Part B:

Reason of the difference:

Cash revenue is $8650 but cash flow amount is $9600

Total operating expense incurred is $3350 but the amount paid only $2700

It will create $650 difference income statement and cash flow.

These activities are reasons for the differences between cash flow from the operating activity and net income.

8 0
3 years ago
On April 5, Fenning Corporation, a wholesaler of hydraulic lifts, acquired land in exchange for 30,000 shares of $80 par common
gulaghasi [49]

Answer:

Land A/c Dr $3,360,000

   To Common stock A/c  $2,400,000

   To Additional paid in capital - in excess of par - common stock A/c $960,000

(Being the exchange transaction is recorded)

Explanation:

The journal entry is shown below:

Land A/c Dr $3,360,000

   To Common stock A/c  $2,400,000

   To Additional paid in capital - in excess of par - common stock A/c $960,000

(Being the exchange transaction is recorded)

The computation is shown below:

For land

= 30,000 shares × $112

= $3,360,000

For Common stock

= 30,000 shares × $80

= $2,4000,000

And, the remaining balance is credited to the additional paid in capital account

4 0
3 years ago
Which of these can most easily be removed from a budget if spending is higher than income? A. Fixed expenses B. Discretionary sp
earnstyle [38]

Answer:

B discretionary spending

Explanation:

5 0
3 years ago
On January 1, 2021, Rapid Airlines issued $200 million of its 8% bonds for $184 million. The bonds were priced to yield 10%. Int
miv72 [106K]

Answer:

1.Dr Interest expense $8million

Cr Cash $8 million

2.Dr Interest expense $8 million

Cr Cash 8 million

3. Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

Explanation:

Preparation of Journal entries

1) June 30, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8million

Cr Cash $8 million

[($200 million * 8%) *6/12]

The reason why it was multipled with 6/12 was because the payments are half yearly.

2) Dec 31, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8 million

Cr Cash 8 million

[($200 million * 8%) *6/12]

3) Dec 31, 2021 Preparation of Fair value adjustment

Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

($200 million - $188 million)

3 0
3 years ago
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