
MindTap Business Communication, 1 term (6 months) Printed Access Card for Guffey/Loewy's Essentials of Business Communication, 11th
11th Edition
ISBN: 9781337386555
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Question
Chapter 9, Problem 9.13AAC
Summary Introduction
To Determine:
A memo to the supervisor mentioning the current social media marketing trends.
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Efford plc has the following equity capital at the year end.
(Click here to view the financial data.)
In addition, the company has 400,000 £1 8% preference shares in issue.
The board of directors wishes to eliminate the company's reserves. It has decided to make an immediate 1-for-2 bonus issue of ordinary shares. Following the issue,
an annual dividend will be paid to shareholders.
What will be the required:
1. Transfer from revenue reserves to effect the bonus issue.
£50,000 (Type an integer.)
2. Dividend per ordinary share. (Expressed as £ per share)
£ 0.10 per share (Round to two decimal places as needed.)
Data table
£
Ordinary shares of £0.50 each
200,000
Share premium
50,000
General reserve
80,000
62,000
Retained profits
392.000
A technology company earns a
profit of $8 per share. If the stock
is currently selling for $96 per
share, what is the current
price/earnings (P/E) ratio?
a) 6
b) 10
c) 12
d) 18
Find correct answer please
Chapter 9 Solutions
MindTap Business Communication, 1 term (6 months) Printed Access Card for Guffey/Loewy's Essentials of Business Communication, 11th
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