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Question - Garden Gloves has issued 50000 ordinary shares of 50 cents each and 20000 7% preference shares of $1 each. Its profit after taxation for the year to 30 September 2020 were $8400. The management board has decided to pay ordinary dividend of 50% of profit after tax and preference dividend. Show the amount in total of dividend and of retained profits, and calculate the dividend per share on ordinary shares.
Vial-tek has an existing loan in the amount of $3.5 million with an annual interest rate of 9.5%. The company provides an internal company-prepared financial statement to the bank under the loan agreement.
The loan terms included annual payments for a 25-year term at an interest rate of 6 percent. What is the total amount of interest that you will pay on the loan
erlander company uses a job order cost accounting system. on november 1 2013 15000 of direct materials and 3500 of
Which list Includes only items used in computing earnings per share (EPS)? Total revenues, accounts receivable, and number of shares outstanding
Use the purchases journal and the cash disbursements journal to record these transactions. Prepare a schedule of accounts payable. There were no accounts payable on May 1.
an investment project costs 17900 and has annual cash flows of 3600 for 6 years. enter 0 when there is no payback
Explain how to evaluate the credibility of information. Include the three types of sources and how you might approach the research for each type.
explain why the owners investment and revenues increased owners equity while withdrawls and expenses decreased owners
On Nov 10, 2017 Singh Electronics began to buy and resell scanners for $55 each. How much warranty expense should be reported for Nov and Dec 2017
The company had owner drawings totalling $35,000 during the period. Prepare the entries to close Income Summary and the Owner's Drawings account
Splish Brothers Inc., a public camping ground near the Four Corners National Recreation Area, Determine Splish Brothers Inc.'s net income for 2020
On January 1, 2014, Compton Co. paid $20,000 for a 20% interest in General Enterprises. Calculate the balance in the Equity Investment account at December
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