A company has 65,000 common shares at a market price of $42 per share. If the average issue price was $20 per share, how many shares would be outstanding in the event of a 30% share dividend? 19,500 shares. The number of shares would be unaffected. 84,500 shares. 195,000 shares.
Q: the following devices is not used to record the hours worked by an employee? a) time sheet b)…
A: Time sheet refers to the form of a data sheet used by an employer in order to track the work done by…
Q: A company reports the following for one of its products. Direct materials standard (4 pounds @ $2…
A: Answer:- Types of variance analysis:- The variance analyses are basically divided into two groups:…
Q: GL901 (Algo) - Based on Problem 09-1A LO P1 The January 1, Year 1 trial balance for the Lewis…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: Dave Ryan is the owner and operator of Ryan's Arcade. At the end of its accounting period, December…
A: Owner's equity means the amount of capital invested in the business by the business owner. It is to…
Q: Robin and Nissan are the owners of a gift shop. They are partners in a partnership of the shop. They…
A: Taxation is the process through which a taxing body, frequently a government, imposes a financial…
Q: Instructions At the beginning of the current year, Willow Company adopts a pension plan and awards…
A: Defined Benefit Pension Plan - A defined benefit pension plan is one in which the employer…
Q: Leo contributed $28,000 in cash for a 25% interest in a partnership. His share of $27,000. In…
A: A partnership creates a K-1 to determine the proportion of profits that each partner will receive…
Q: Baldwin, Inc. had net sales of $52,200,000 for the year ended May 31, 2024. Its beginning and ending…
A: Introduction: The asset turnover ratio compares a company's sales or revenues to the value of its…
Q: 1. Calculate Stock Turnover Ratio from the following details: (i) Opening Stock OMR 29,000 (il)…
A: calculation of stock turnover ratio are as follows
Q: business borrowed $200,000 on January 1, 2019 to be paid back on January 1 2022. On January 1, 2019,…
A: Loan to be repaid as on 1st January 2022 is $200000 The present Value as on 1st January 2019 = $…
Q: A machine has a first cost of P109,264.59 and has an expected salvage value after 10 years…
A: Depreciation :— It is the decrease in the value of asset due to continuos use of asset. Declining…
Q: In 2022, Zach is single with no dependents. He is not claimed as a dependent on another's return.…
A: This problem shall be solved using the below table: a. EITC = $5,200 x 7.65% = $397.8 = $398…
Q: If the part is purchased, the space released can be rented for P65,000. If the part is purchased,…
A: Given in the question: Total Cost to produce 15,000 units = P450,000 If purchased outside, The per…
Q: op Vent Manufacturing Inc. consists of two production departments (Assembly and Machining) and two…
A:
Q: Hello I would like to discuss how to assign an audit opinion given various circumstances. Thank…
A: The audit opinion can be assigned through issuance of audit report by the auditor. There are…
Q: Adjusting Entries On May 31, the following data were accumulated to assist the accountant in…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: P3-4 Analyzing the Effects of Transactions Using T-Accounts, Preparing an Income Statement, and…
A: An income statement is a financial report that indicates the revenue and expenses of a business. It…
Q: FIFO and LIFO Costs Under Perpetual Inventory System The following units of an item were available…
A: The FIFO method states that previously purchased units should be issued first and the ending…
Q: The accounting systems are Cash, Accrual, and Cash Adjusted System. O True False
A: Hi student Since there are multiple questions, we will answer only first question. If you want…
Q: Mike Company expects to produce 40,000 units of product CV93 during the current year. Budgeted…
A: Variable Cost :— It is the cost that changes with change in units. It is constant in per unit for…
Q: Prepare Hertog Company's journal entries to record the following transactions for the current year.…
A: Given:- May 7 Purchases Kraft bonds as a short-term investment in trading securities at a cost of…
Q: The actual cash received from cash sales was $39,114, and the amount indicated by the cash register…
A: Journal entry is the process of recording financial transactions into the accounting system. Here…
Q: Jackson Products produces a barbeque sauce using three departments: Cooking, Mixing, and Bottling.…
A: Solution 1: Jackson ProductsPhysical flow ScheduleFor the month of July Particulars Physical…
Q: Impact on Taxes. From question 24, if Lawrence had forgotten a $5000 tax credit (instead of a $5000…
A: The tax liability of a person depends upon the filing status and the taxable income. The tax…
Q: mage Susan generated $55,000 of net earnings from the conduct of a tax preparation business that…
A: The self employment mean you are doing small business and you are employer and employee also so both…
Q: The cash account of Sheffield Co. showed a ledger balance of $7,088.13 on June 30, 2020. The bank…
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…
Q: For the lessor to account for a lease as a sales-type lease, the lease must meet:
A: A sales-type lease assumes that the lease serves as a transfer of property to the customer, or…
Q: Richardson's Flower Depot uses FIFO for internal reporting purposes and LIFO for financial
A: the steps for converting from FIFO to LIFO will vary depending on the specific business and…
Q: Required information [The following information applies to the questions displayed below.] Allied…
A: Journal entries are used to record the financial transactions in the books of accounts. It is the…
Q: Prepaid Insurance account. Note that your "T" account analysis is for the Prepaid Insurance account,…
A: Prepaid Insurance Prepaid insurance is insurance for which premiums are paid up front to insurers.…
Q: On June 1, 2024, Tech Company purchased a patent for $252,000 cash. Although the patent gives legal…
A: Journal Entry :— It is an act of recording transaction in books of account when transaction…
Q: Riverbed Ltd. provides the following information for calendar 2023: 1. Net income $468,470 2.…
A: The earnings per share refers to the earnings available to the common stock holders of the company…
Q: The following account appears in the ledger prior to recognizing the jobs completed in January: Work…
A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…
Q: In 2022, Marian Santiago, a CPA, decides to return to her hometown to start her own practice. For…
A:
Q: Ruthie Tarrier Associates surveys American eating habits. The company's accounts include Land,…
A: JOURNAL ENTRIES Journal entries is the Process of Recording all Financial & Non Financial…
Q: Planet Corporation acquired 90 percent of Saturn Company’s voting shares of stock in 20X1. During…
A: A journal entry is used to record a business deal in the company's accounting records. In addition…
Q: dit will be fully refundable for 2021 and her Other Dependent Credi redit is limited by her tax…
A: Child tax credit refers to the form of a tax credit allowed to the parents of dependent children by…
Q: Sales for 2021 (6,000 units @ $74) $444,000 Additional Information: a. The company's effective…
A: Average Cost Method The average cost approach divides the overall cost of goods bought or produced…
Q: Under its executive stock option plan, National Corporation granted 15 million options on January 1,…
A: An employee stock ownership plan (ESOP) is a type of employee benefit plan which is intended to…
Q: For each of the following long-lived assets, select its nature and the related cost allocation…
A: The company operates its business with current assets, intangible assets, fixed assets and other…
Q: 6\ An investment of a certain amount of money was made at an interest rate of 4.75% per year…
A: To find out the principal amount, apply formula: A= P (1+r)∧n where, A = Compounded amount P =…
Q: Ameto $3 $4 B C D $2 $5 Realizable Value $4 $2 $4 $2 Down per Unit 2 ▬▬▬ 3 3,000 1,500 7,000 3,000…
A: 1) The Written Down for Item B is $2 per unit, so total amount for item B is 1,500 x 2 = 3,000 The…
Q: What a consolidated financial statement is in accordance to MFRS 10 Consolidated Financial…
A: Consolidation financial statement Financial statements of a business having numerous divisions or…
Q: Pint Co. owns 90% of the outstanding shares of Glass Inc. During 2022, Pint sold merchandise costing…
A: In financial accounting, Consolidation refers to the financial statement consolidation process in…
Q: Question 2 Polk Company developed the following information for its product: Per Unit Sales price…
A: Break Even Point :— It is the point at which total cost is equal to total revenue. At this point,…
Q: Shadee Corporation expects to sell 630 sun shades in May and 400 in June. Each shade sells for $138.…
A: Lets understand the basics. Management prepares master budget and various budgets based on the…
Q: Skysong Limited owns a number of rental properties in Western Canada as well as a single property in…
A: Fixed Assets: The assets that have a life of more than one year are disclosed as fixed assets of the…
Q: Gallatin Carpet Cleaning is a small, family-owned business operating out of Bozeman, Montana. For…
A: Activities provide the foundation of the Activity Based Costing of cost accounting. The cost driver…
Q: Clear Springs Corporation manufactures products J, K and L from a joint process. Additional…
A: Joint costs are the cost of common resources used to produce two or more products or services…
Q: In May 2021, Whitney filed for divorce from her husband, Michael. Although they lived apart for the…
A: Married Filled Separately (MFS) Married couples who decide to report their individual earnings,…
Step by step
Solved in 2 steps
- National Power has 1020000 shares outstanding. Each share sells for $25. The company wants to raise $5100000 in new equity. Suppose the exercise (subscription) price is set at $15 per share. Calculate the Number of Shares per Right.Nemesis, Incorporated, has 136,000 shares of stock outstanding. Each share is worth $110, so the company's market value of equity is $14,960,000. Suppose the firm issues 17,000 new shares at the price of $110, what will the effect be of this offering price on the existing price per share? Suppose the firm issues 17,000 new shares at the price of $99, what will the effect be of this offering price on the existing price per share? Suppose the firm issues 17,000 new shares at the price of $82, what will the effect be of this offering price on the existing price per share?Emerald Co. has 50,000 shares at $12 par common stock outstanding. If the companydecides to buy 20% of its shares for $15 per share, the total stockholders' equity will:a. increase by $600,000b. increase by $750,000c. decrease by $150,000d. decrease by $120,000
- Damron, Incorporated, has 205,000 shares of stock outstanding. Each share is worth $79, so the company’s market value of equity is $16,195,000. Suppose the firm issues 44,000 new shares at the following prices: $79, $73, and $67. What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share?Please answer this problem and provide complete solution in good accounting form. Thank you! Victory Company issued 8,000 ordinary shares with P200 par value and 20,000 preference shares with P200 par value for a total consideration of P7,500,000. At the date of issue, the ordinary share was selling for P360 and the preference share was selling for P270. What is the share premium from the issuance of ordinary shares?B. Blackwell Limited issued 8,500,000 shares of stock. Currently, the shares are being traded at a market price of $10 per share. If all else remains constant: a) i. What will be the price of Blackwell's shares after a 10% stock dividend? ii. What will be the new number of shares outstanding? b) i. What will be the price of Blackwell's shares after a 3 for 1 stock split? [ ii. What will be the new number of shares outstanding? c) Explain what is a stock dividend, and how is it similar to a stock split.
- Assuming there were no buying/selling fees, what would be the total capital gain if 173 shares of ABCD stock were purchased for $40.67 per share and all 173 shares were sold for $54.14 per share? Round your answer to the nearest penny.MOL Company has P200,000 available to pay dividends. It has 12,000 10% preference shares (of which, 300 shares are in the treasury), P100 par and 50,000 ordinary shares with a par of P40. The preference share is selling for P125 and the ordinary share is selling at P50 per share. Required: Determine the amount of dividends and dividends per share to be paid to each class of share for each of the following independent assumptions. - Preference share capital is non-participating and non-cumulative. - Preference share capital is non-participating and cumulative. Preference dividends are two years in arrears at the beginning of the year. - Preference share capital is fully participating and cumulative. Preference dividends are one year in arrears at the beginning of the year. - Preference share…Harper Industries has $900 million of common equity on its balance sheet; Its stock price is $64 per share; and its market value added (MVA) is $190 million. How many common shares are currently outstanding? Write out your answer completely. For example, 5 million shares should be entered as 5,000,000. Round your answer to the nearest whole number, If necessary. common shares
- Vespa, PLC has 63,000 shares outstanding. If the market capitalization of the company is $315,000, how much does each share cost? 315,000 / 63,000 = 34Damron, Incorporated, has 225,000 shares of stock outstanding. Each share is worth $83, so the company's market value of equity is $18,675,000. Suppose the firm issues 52,000 new shares at the following prices: $83, $77, and $71. What will be the ex-rights price and the effect of each of these alternative offering prices on the existing price per share? (Leave no cells blank; if there is no effect select "No change" from the dropdown and enter "0". Round your answers to 2 decimal places, e.g., 32.16.) a. $83 b. $77 c. $71 Price Ex-Rights Effect Amount per share per share per shareABC company had 100,000 shares issued and outstanding. Each share has a par value of P10. During the year, it declared a 1 for 5 reverse share split, when the market value of the share is P100. After the spoilt, what is the pae value of the share?
