2221) Dividend policy is important to all stakeholders. An extract from the Shoprite Holdings annualreport reads:“The Board has declared an interim dividend of 233 cents (H1 2021: 191 cents) per ordinary share,payable to shareholders on Monday, 11 April 2022. The dividend has been declared out of incomereserves.” Required:Provide, using evidence, the dividend policy implemented by Shoprite Holdings and yourunderstanding of why Shoprite Holdings have decided on this dividend policy

2221) Dividend policy is important to all stakeholders. An extract from the Shoprite Holdings annualreport reads:“The Board has declared an interim dividend of 233 cents (H1 2021: 191 cents) per ordinary share,payable to shareholders on Monday, 11 April 2022. The dividend has been declared out of incomereserves.” Required:Provide, using evidence, the dividend policy implemented by Shoprite Holdings and yourunderstanding of why Shoprite Holdings have decided on this dividend policy

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 64P: Albion Inc. provided the following information for its most recent year of operations. The tax rate...

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1. Using the data below, How many shares of preference share capital were issued during 2019? using data number 1, at what average price was the preference share capital issued during 2019? * using data number 1, assuming no other transactions affected the Retained Earnings except for the result of the corporation’s operations, how much is the 2019 profit (net loss)?
On November 21, 2019, Chubb Limited issued the following press release: The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.75 per share, payable on January 10, 2020 to shareholders of record at the close of business on December 20, 2019. Required: From the information above, identify the dividend declaration date, record date, and payment date. Determine the financial statement effects of Chubb’s declaration and payment of cash dividends for its 452 million shares.
On November 21, 2019, Chubb Limited issued the following press release: The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.75 per share, payable on January 10, 2020 to shareholders of record at the close of business on December 20, 2019. From the information above, identify the dividend declaration date, record date, and payment date. Determine the financial statement effects of Chubb’s declaration and payment of cash dividends for its 452 million shares.
Albion Inc. provided the following information for its most recent year of operations. The tax rate is 40%. Required: 1. Compute the following: (a) return on sales, (b) return on assets, (c) return on stockholders equity, (d) earnings per share, (e) price-earnings ratio, (f) dividend yield, and (g) dividend payout ratio. 2. CONCEPTUAL CONNECTION If you were considering purchasing stock in Albion, which of the above ratios would be of most interest to you? Explain.
BI's income for the year ended December 31, 2021 was $ 4,000,000. This was earned evenly over the year. In addition BI paid dividends of $ 300,000 each on March 31, June 30, September 30 and December 31, 2021 to their shareholders of records on that date. The inventory on July 1, 2021 was 75% sold as of December 31, 2021. Required. For the investment in AI 1. Using IFRS 9 prepare the journal entries for DC for all of 2021. 2. Using ASPE prepare the journal entries for DC for all of 2021. For the investment in BI 3. Using IFRS prepare the journal entries for DC for 2021. 4. Using ASPE prepare the joumal entries for DC for 2021 for all options available under ASPE.
How much is the net effect of the transactions on the 2023 Statement of Changes in Equity? [Indicate whether it is an increase or decrease] How much is the ending balance of the Accrued Salaries Payable that will show in the 2024 Statement of Financial Position?
For the year ended December 31, 2021, Finco Incorporated reported earnings per share of $2.28. Answer the following questions: Required: a. During 2022, the company had a 3-for-1 stock split, Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes. b. During 2023, Finco had an additional 2-for-1 stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2023 annual report for comparative purposes. c. Assume that Finco had issued a 10% stock dividend in 2022 and did not have a stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes. Note: For all requirements, round your answers to 2 decimal places. a. Earnings per share b. Earnings per share c. Earnings per share
P16-8. Please show all your workings clearly.
Prepare the franking account for Congee Pty Ltd for the year ended 30 June 2023 using the information provided below. Congee Pty Ltd is a resident company, which has recorded the following transactions: Table 6 - Transactions $ 12/08/2022 70% franked dividend received 32,000 28/09/2022 Partly franked dividend paid (85% franked) 52,290 20/10/2022 PAYG instalment paid 16,000 1/02/2023 Income Tax refund received 22,500 15/02/2023 PAYG instalment paid 16,000 16/03/2023 Foreign dividend received (no tax was withheld) 7,650 21/04/2023 PAYG instalment paid 10,000 9/06/2023 21/06/2023 Partly franked dividend paid (45% franked) Fully franked dividend received 43,155 24,045 • • Congee is not a small business entity. The entity had an opening franking account deficit of $16,400. The relevant franking account deficit tax was duly paid on 19 July 2022. The entity was not granted any variations to its benchmark franking percentage.
What impact does Target's dividendend annoucement have on it's balance sheet? Target Corporation (NYSE:TGT) recently made a dividend annoucement.The announcement read:The board of directors of Target Coporation has declared a quarterly of 90 cents per common share. The dividend is payable December 10, 2021 to shareholders of record at the close of bussiness November 17, 2021. The 4th quater dividend will be the company's 217th consecutive dividend paid since October 1967 when the company became publicly held. Questions: 1. On which date will Target record a liability for the dividend? 2.On which date will Target pay the cash dividend? 3.On the date of declaration,what will the impact (increase,decrease,noeffect) on Target's:a)assets: b)liabilities; and c)stockholders' equity? 4. On the date of payement, what will be the impact (incease,decrease,no effect)on Target's:a)assets:b)liabilities: and c0 stockholdes" equity?
5. The directors have made the following provisions for the year ended 30 April 2021:(i) A final dividend of RM0.10 per share is to be paid to ordinary shareholders.(ii) Preference dividend to be paid in full.(iii) Transferred RM4,000 to the general reserve account. Question Prepare the statement of changes in equity of Gagah Sdn. Bhd. for the year ended 30 April 2021.
Determine the book value of equity per share ($) before share dilution for CSR in 2021 based on RAW financials. (Round the numerical answer to 4 decimal places)