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Question
Use the following financial data for Hi-Tech Instruments to answer short exercises 13-10 Dividends per share.
Calculate the company's dividend paid per share of common stock. What was the dividend payout?
Sales revenue: $210,000
Cost of goods sold: 125,000
Net Income: 8,300
Dividends: 2,600
Earnings per share: 4.15
2016 balance sheet
9% bonds payable $40,000
common stock, $25 par value (2,000,000 shares) 50,000
Retained earnings 37,000
The Payback, The Internal Rate of Return, The Net Present Value at an assumed capital cost of 10%, and The Modified Internal Rate of Return.
A company that is publicly-traded can use LIFO to account for inventory cost flow for the financial records it prepares for tax purposes and FIFO to account for its inventory cost flow in the financial statements its presents to its investors.
Big Company owns 100 percent of the outstanding shares of Little. During the current year, Big sold inventory costing $90,000 to Little for $100,000. Although this inventory has now been sold to an outside party, Little has not repaid Big.
What characteristics must the convertible bonds display in order to justify the accounting treatment followed on initial recognition and how was the portion of the bonds assigned to debt on initial recognition valued?
The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhad and $1.30 for fixed overhead) based on 100% capacity of 80,000 machine hours. What is the amount of the factory overhead controllable variance?
Moneka reported $55,000 of income for the year by using absorption costing. The company had no beginning inventory, planned and actual production of 20,000 units, and sales of 16,000 units. Standard variable manufacturing costs were $22 per unit, and..
Martinez Company owns a building that appears on its prior year-end balance sheet at its original $572,000 cost less $429,000 accumulated depreciation. Determine the building’s age (plant asset age) as of the prior year-end balance sheet date. Prepar..
Wendell’s Donut Shoppe is investigating the purchase of a new $34,500 donut-making machine. The new machine would permit the company to reduce the amount of part-time help needed, at a cost savings of $5,600 per year. What would be the total annual c..
Describe two ways that you can change stress symptoms you notice.
multiple choice question based on stock valuation.1.nbspcarter corporation had net income of 250000 and paid dividends
Wishaw, Inc. produces and sells outdoor equipment. On July 1, 2014, Wishaw, Inc. issued $150,000,000 of 20-year, 12% bonds at a market (effective) interest rate of 9%, receiving cash of $191,403,720. Interest on the bonds is payable semi annually on ..
Compute the inventory amount at December 31, 2013, 2014, and 2015 using the dollar-value LIFO inventory method for each year. (Round all amounts to the nearest dollar, 10 points each)
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