Answer:
EPS of Plan I = $3.19
EPS of Plan II = $2.82
Explanation:
Under Plan I:
Plan I's Earning per share (EPS) = EBIT ÷ Number of shares = $575,000 ÷ 180,000 = $3.19
Under Plan II:
Interest = $2,600,000 × 8% = $208,000
Earning after Interest = EBIT - Interest = $575,000 - $208,000 = $367,000
Plan II's EPS = $367,000 ÷ 130,000 = $2.82
Answer:
Dr Raw materials $93,000
Cr Accounts payable $93,000
Explanation:
Based on the information given we were told that during the month, the corporation had to purchased an additional raw materials of the amount of $93,000 which means that the journal entry to record the purchase of raw materials would include a:
Dr Raw materials $93,000
Cr Accounts payable $93,000
(To record purchase of raw materials)
Answer:
The total cost of vacation pay and pension rights to be recognized the first year is $0
Explanation:
The vacations are expected to be taken the following year for which the vacation pay would be made and the pension rights are expected to be paid over the next 5-30 years. So, no cost is recognized in the first year
The goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.
<h3>
What is a publicly owned company?</h3>
- A public company, also known as a publicly traded company, publicly owned company, publicly listed company, or public limited company, is a company whose stock is freely listed on a stock exchange or in over-the-counter marketplaces.
- A public (publicly traded) company may or may not be listed on a stock exchange (listed company), which facilitates share trading (unlisted public company).
- Public companies of a certain size must be listed on an exchange in some jurisdictions.
- In most cases, public companies are private enterprises in the private sector, and the term "public" emphasizes their public market reporting and trading.
- A publicly traded company's managers should strive to maximize the firm's common stock value.
Therefore, the goal of the managers of a publicly owned company should be to maximize the firm’s common stock value.
Know more about the publicly owned companies here:
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