Beijing Corp has declared an annual dividend of 75 cents per share. Their after-tax profits for the year were R75,000 and they have 15,000 shares in issue. 1. Calculate the profit per share. 2. Determine the payout ratio.

Beijing Corp has declared an annual dividend of 75 cents per share. Their after-tax profits for the year were R75,000 and they have 15,000 shares in issue. 1. Calculate the profit per share. 2. Determine the payout ratio.

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 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

See similar textbooks

Related questions

Q: Break-even analysis calculates the point where? A) Total revenues equal fixed costs B) Total…

A: The correct answer is: C) Total revenues are equal to total costs.Explanation: Break-even analysis…

Q: Given answer financial accounting question

A: Step 1:1. The number of shares outstanding after repurchase is calculated as follows: Shares…

Q: Can you please answer the general accounting question?

A: To solve this, using the high-low method steps are: Step 1: Identify the highest and lowest activity…

Q: Hii expert please given correct answer general Accounting question

A: Step 1: Analysis of the information given in the questionStandard direct labor rate = $15Standard…

Q: What is the contribution margin ratio

A: Calculation of Variable CostVariable Cost = 62% of Sales = 62% x $925,000…

Q: Question: General Accounting Assume Juniper Natural Dyes made Net Sales Revenue of $90,000 and Cost…

A: Explanation of Net Sales Revenue: Net Sales Revenue represents the total amount of money a company…

Q: How much sales are necessary to break even?

A: The question requires the determination of the break even sales. Break-even sales is the amount of…

Q: Can you please solve this general accounting question?

A: Step 1: Define Payroll AccountingPayroll accounting involves recording employee compensation,…

Q: Dove, Inc. produces a product that has a variable cost of $6.00 per unit. The company's fixed costs…

A: Explanation of Contribution Margin per Unit:The contribution margin per unit is the amount…

Q: 6 MARKS

A: Concept of Hyperinflation:Hyperinflation refers to an economic condition where inflation rates are…

Q: None

A: Step 1: Total Manufacturing Costs (TMC).= direct materials used + direct labor incurred + overhead…

Q: Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided…

A: Correct Answer:b. One asset would increase by $1,750 and a different asset would decrease by $1,750,…

Q: Ans

A: Step 1: Use the formula • PV = FV / (1+r)nStep 2: Calculate for Year 9 Payment (FV = 3,500)• Compute…

Q: Sanchez Company's output for the current period was assigned a $350,000 standard direct materials…

A: Step 1: Total direct materials variance Since the Price variance and Quantity variance are different…

Q: It's net sales equal general accounting

A: Step 1: Definition of Net SalesNet sales represent the total revenue generated from sales after…

Q: The following financial information for the year

A: Explanation of Absorption Costing:Absorption costing is a method of inventory costing that includes…

Q: The following labor standards have been established for a particular product: Standard hours per…

A: To calculate the variable overhead efficiency variance, we use the formula: Variable Overhead…

Q: Correct Answer

A: Target costing determines the cost based on the market price and desired profit margin, aiming to…

Q: Need answer

A: To calculate the debt-equity ratio, we use the following relationship derived from the DuPont…

Q: Please Need Help with This General Accounting Question Solution

A: Step 1:Question 2:The return on assets is calculated as follows: Return on assets = Net income /…

Q: Question

A: Explanation of Standard Cost: This is a predetermined cost that represents what a product should…

Q: Provide answer. Account.

A: Step 1: Calculation of increase in total liabilitiesTotal liabilities at the beginning =…

Q: Provide answer general Accounting question

A: Step 1: Define Earnings Per ShareThe metrics that help determine the earnings per share include net…

Q: Financial Accounting Question

A: Step 1: Define Profit Margin RateThe profit margin rate is a financial metric that measures the…

Q: Financial accounting problem

A: Explanation of Net Profit Margin: Net profit margin is a financial ratio that measures how much net…

Q: Financial accounting question

A: Step 1: DefinitionDiscount Terms (3/15, net 60):This means a 3% discount is available if payment is…

Q: Expert need your advice

A: The cash flow cycle (or cash conversion cycle) is calculated using the formula: Cash Conversion…

Q: Solve question financial accounting

A: Step 1: DefinitionsStandard Cost Per Unit:The standard cost per unit represents the estimated cost…

Q: I want to this question answer general Accounting

A: Step 1:Calculate the fixed overhead for the units sold as follows:Fixed overhead = (Beginning…

Q: Direct labor:7000, manufacturing overhead:8400

A: Explanation of Job Order Costing: This is a cost accounting system used when each product or service…

Q: Financial Accounting Question

A: Step 1: Define Profitability Index (PI)The Profitability Index (PI) is a financial metric used to…

Q: Stark Enterprise has the following reconciliation of.... Please answer the financial accounting…

A: Step 1: Define Deferred Income Tax LiabilityDeferred income tax liability arises when temporary…

Q: Hi. General Account. Tutor. help

A: A standard cost represents the predetermined cost of manufacturing a product under normal operating…

Q: Hula's Heavyweights, Inc., is a company that manufactures forklifts. During the year, Hula purchased…

A: xplanation of Materials Inventory:Materials inventory refers to the raw materials that a company…

Q: Answer. General Account

A: Correct Answer: f. Assets increase; Owners' equity increase Explanation:When an owner makes a…

Q: Give true answer this financial accounting question

A: Step 1: Define Operating LeverageOperating leverage is a financial metric that measures the extent…

Q: Given answer financial accounting question

A: Step 1: Define Discount PeriodDiscount periods are the duration the seller gives in days from the…

Q: Accounting 15

A: Step 1:EBIT can be calculated using the formula of the Free Cash Flow -Free Cash Flow = EBIT - Taxes…

Q: none

A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…

Q: The Activity-Based costs assigned to cost objects are based on what? Activity cost pools.…

A: Activity-Based Costing (ABC) is a costing method that identifies activities in an organization and…

Q: Ans please

A: Step 1: Definition of Operating LeverageOperating leverage measures how sensitive a company's…

Q: Question answer general accounting

A: Step 1: Define Return on AssetsThe return on assets ratio can be determined using the net income and…

Q: What is the return on equity? General accounting

A: Net Income = Sales * Profit Margin= $807,200 * 0.0968 = $78,076.16Total Equity = Total Assets * (1 -…

Q: Lark would estimate fixed costs as .....? General accounting

A: Step 1: Definition of High-Low MethodThe High-Low Method is used to separate fixed and variable…

Q: General accounting

A: Step 1: Definition of Net SalesNet sales refer to the revenue generated from a company's total sales…

Q: The following data were taken from the accounts of Fluter Hardware, a small retail business. Sales $…

A: To calculate the gross profit, we need to first determine the net sales and cost of goods sold…

Q: Discuss the accounting treatment for research and development costs. When can a company capitalize…

A: R&D is important to innovating and the long-term success of the company. In the United States,…

Q: quick answer of this accounting question

A: Step 1: Definition of Direct Materials CostDirect materials cost refers to the cost of raw materials…

Q: Umber Corporation acquired a patent on May 1, 2017. Umber paid cash of $91,000 to the seller. Legal…

A: Concept of Patent: A patent is an intangible asset that gives its owner exclusive rights to use,…

Q: Please give me true answer this general accounting question

A: Step 1: Definition of Net SalesNet sales represent the total revenue earned by a company from its…

Question

Need help with this accounting questions

Beijing Corp has declared an annual dividend of 75 cents per share. Their
after-tax profits for the year were R75,000 and they have 15,000 shares in
issue.
1. Calculate the profit per share.
2. Determine the payout ratio.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Provide this question solution general finance
A company has recently declared a dividend of 12 cents per share. The share price is $3.72 cum div and earnings for the most recent year were 60 cents per share. What is the P/E ratio?
What is the percentage return on these financial accounting question?
Dog River Company has an operating profit of $259.000 Interest expense for the year was $21.600 preferred dividends paid were $23,650; and common dividends paid were $58.800 The tax was $45.750 The Dog River Company has 40,000 shares of common stock outstanding a. Calculate the EPS and the common dividends per share for Dog River Company (Round the final answers to 2 decimal places.) b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to the nearest whole number.) c. What was the increase in retained earnings for the year? d. If Dog's share price is $63.00 what is its price-earnings ratio (P/E)? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price earning ratio (times) $109,200 Payout ratio % Choose... Common dividends per share 1,47 ± 0.01 Choose... Increase in retained earnings Choose.... EPS A-alinland Fisheries Corp. anticipator post ÷
Fab Corp had net income of $5.42/share last year, and it paid $2.04/share in dividends last year. A) What was its Dividend Payout Ratio last year? B) What was its Retention Rate last year? (Your answers should be a % carried to one place.) Dividend Payout Ratio = Dividends per share/Earnings per share x 100% = 2.04/5.42 = 0.37638376 = 37.64% Retention Rate: 1 – Dividend per share = 1-37.64% =52.36% Question I need help with (answered last question for context to this one) : If Fab Corp can earn 12% after tax on new investments, estimate how fast its net income can grow annually in the future. (Your answer should be a % carried to one place.)
A company has recently declared a dividend of 12p per share. The share price is £3.72cum div and earnings for the most recent year were 60p per share.What is the Price earnings (P/E) ratio?
The following information relates to the operations of Branded Ltd. The net profit after tax was $1,000,000. The company distributed ordinary dividends of $600,000 to its shareholders. Over the year, weighted average number of ordinary shares were 2,000,000. Ordinary shares are currently selling for $8.00 per share. What is the earning per share for the company? 0.20. 0.33. 0.40. 0.50.
7. Determine the P/E ratio of the company ZYX if you know that the number of company's outstanding shares is 18,000,000. The current market price of the company corresponds to 588.5 per share. The company's intrinsic value is 654 per share. The expected return for investors is 8.7 %. The dividend amounts to 62.4. The EBIT in the given year corresponded to the amount of 481,530,000. a. 24.4 b. 26.6 c. 22 d. 19.7 e. 25 8. Consider the spot rate of 24.36 CZC/EUR. If we assume a payment for goods of 5.000 EUR in two months and the spot rate at that time will be 24.95 CZC/EUR. For hedging purposes, it is possible to arrange a forward on the exchange rate with a fixation of 24.7 CZC/EUR. If the company were to import goods. closing a forward would mean a profit/loss in the amount of: a. 1.250 EUR gain b. 1,700 CZC loss c. 2,950 EUR gain d. 1,250 CZC gain e. 1,250 CZC loss
Hornberger, Inc. recently paid a dividend of $2.00 per share. The next dividend is expected to be $2.05 per share. Hornberger has a return on equity of 11.20%. What percentage of its earnings does Hornberger plow back into the firm? (Round your answer to 2 decimal places.) Plowback ratio %
22. Garnean Inc. issued $50,000 in common share dividends. Its net income for the year was $250,000. What is Garnean's dividend payout ratio? a.0.2 b.0.5 c.2.5 d.5
General Accounting