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Problem 1: Southland Industries has $60,000 of 16% (annual interest) bonds outstanding, 1,500 shares of preferred stock paying an annual dividend of $5 per share, and 4,000 shares of common stock outstanding. Assuming that the firm has a 40% tax rate, compute earnings per share for the following levels of EBIT:
A.) $24,600B.) $30,600C.) $ 35,000
What effect will these entries have on the investors statement of financial position - investment in affiliate overstated, retained earnings understated.
Determine the material guidelines for suggestive selling. The first step in gathering information from a new salon client is usually to inquire about
On August 21 we issued 20,000 shares for $11 per share. What account(s) and amount(s) would we credit when we record the journal entry for this transaction?
If the last dividend paid (DO) was $1, what is the estimated value per share of your firm's stock
Time Warner Inc. reported short-term deferred revenue of $1,497 million and $1,731 million as of December 31, 2004 and 2003, respectively. For the year ending December 31, 2004, Time Warner reported total revenues of $42,089 million.
What amount should be reported in the notes to financial statements as restriction on retained earnings because of acquisition of treasury shares
The firm had Sales of $50,000 last year and $80,000 this year. Accounts Receivables were $2,500 last year and are $4,500 this year. What can you tell about firm
On January 1, 2019; ½ of the bonds were converted into common stock by the bondholders. Each bond was converted into 50 shares of ACME $1 par stock when the stock was selling for $44 per share. On 1/1/19 the value in ‘discount on bonds payable’ was $..
Erma's Beauty Supply pays 40.0% in taxes, and has a cost of capital of 10.0%. What is Erma's NPV if she decides to expand the business
FX Services granted 15 million of its $1 par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $8 per share on the grant date. Ignoring taxes, what is the effec..
How does the payment of dividends of $30,000 affect the three elements of the accounting equation?
What is the adjusted balance of retained earnings on December 31, 2019? The unadjusted retained earnings balance on January 1, 2019 is Php 25,200,000
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