Calculate the basic EPS
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Question 4
Calculate the basic EPS
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- Question 20 FLAG QUESTION Consider the following Year 1 information for Terrier Treats (T) 12 13 Revenues $10,000 14 Total expenses including taxes $6,500 15 Total shares outstanding 100 16 Stock Price at the end of Year 1 $57.00 If T"s cost of equity is 17% and the current stock price is $50, what is the dividend payout ratio (1 (express as a % rounded to 1 digit after the decimal: x.x%) Answers 1 - 1 1. Previous Finish ESTIONS VERSION 2M.6.4 MacBook ProQ3 A 5% preferred stock at OMR 100 less cost of flotation 5% and cost of underwriting commission charges at 2%, what would be the cost of preferred stock, assume the corporate tax rate is 50%? a. 2.685% b. 5.37% c. 2.63% d. 5.15%Please do not give solution in image format thanku
- eBook, Effects of Errors on Financial Statements The accountant for Healthy Life Company, a medical services consulting firm, mistakenly omitted adjusting entries for (a) unearned revenue earned during the year ($34,900) and (b) accrued wages ($12,77 Indicate the effect of each error, considered individually, on the income statement for the current year ended July 31. Also indicate the effect of each error on the July 31 balance sheet. Enter all amounts as positive numbers. Enter "0" in those spaces where there is no overstatement or no understatement. Error (a) The adjusting entry for unearned revenue earmed during the year ($34,900) was omitted. Overstated Understated 1. Revenue for the year would be 2. Expenses for the year would be 3. Net income for the year would be 4. Assets at July 31 would be 5. Labilities at July 31 would be 6. Owner's equity at July 31 would be Error (b) The adjusting entry for accrued wages ($12,770) was omitted. Overstated Understated 1. Revenue for the…7. Book value per share 8. Working capitalplease do question 14 d and question 9 a and b
- Problem4 Current E & P $400,000 an Accumulated E & P 200,000. During the year Zeta distributes $800,000 to shareholders(A & B-$400, 000 to each) A has a basis in his stock $50,000 and B has a a basis of 200,000 Calculate the effect of the distribution on A and BProblem 11-15 Schuss Inc. can sell preferred shares for $74 with an estimated flotation cost of $4.00. The preferred stock is anticipated to pay $10 per share in dividends. a. Compute the cost of preferred stock for Schuss Inc. (Round the final answer to 2 decimal places.) Cost of preferred stock% b. Do we need to make a tax adjustment for the issuing firm? O Yes O NoPB-17 Nonconstant Dividends (LOI) Lohn Corporation is expected to pay the following dividends over the next four years $14 $10 $9, and $5 Atened, the company pledges to maintain a comment 6 percent growth rate in dividends forever the required return on the stock is 14 percent what is the current share price? Mule Cha 5442 968.24 10020 $45.70 $73.42
- A B 1 Purchase price per share $57 2 Total commission $35 3 Dividend at year 1 $1.80 4 Dividend at second year $1.93 5 Number of shares bought 100 6 Total purchase price =B5*B1 7 Purchase price with commission =B6+B2 8 Selling price at the end of second year $59 9 Total selling price |=B8*B5 10 Commission on selling $44 11 Selling price net of commission =B9-B10 12 Total dividend in year 1 =B3*B5 13 Total dividend in year 2 =B4*B5 14 (a) Dividend yield at purchase =B12/B6 15 (b) Dividend yield at sale =B13/B9 16 (c) Total return |=B11+B12+B13-B7 17 Holding period return 18 (d) Annualized holding period yield =B16/B7 =(1+B17)^(1/2)-1Trial Balance of Leisure Hotels as at June 30 Issued 7% preference share capital Sleach Issued ordinary share capital S1 cach 6% Debentures Share premium Buildings at cost Furniture at cost Equipment at cot Opening inventory Accumulated depreciation Furniture Equipment Director's remuneration Wages and salaries Motor expenses Rates and insurance Sales Purchases General expenses Advertising Audit fees Debenture interest paid Accounts receivables Accounts payables Bank Overdraft General reserve Dividend paid Retained profits as at the beginning of the year Debit S 550,000.00 70,000.00 60,000.00 10,000.00 50,000.00 252,000.00 15,000.00 12,000,00 158,900.00 20,000.00 32,000.00 10,000.00 2,100.00 13,000.00 5,000.00 Additional Information 1. Inventory counted and valued on 30 June amounted to $8,000. 2. Insurance includes $3,000 of cover that relates to the following year. 3. Wages owing at 30 June amounts to $5,000 4. A provision for bad debts is to be created at a level of 2% of debtors…The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity (January 1) Common stock-$5 par value, 100,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $150,000 110,000 340,000 $600,000 Total stockholders' equity Stockholders’ Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($50,000 restricted by treasury stock) $177,000 137,000 400,000 714,000 (50,000) $664, 000 Less cost of treasury stock Total stockholders' equity The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.50 per share cash dividend, date of record January 10. Mar. 20 Purchased treasury stock for cash. Apr. 5 Declared a $0.50 per share cash dividend, date of record April 10.