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Problem 1: At the end of 2019 a firm has a book value of equity of $4,500,000 and it has 500,000 shares outstanding. Analysts have forecasted EPS for 2020-2022 will be $5.00, $4.00 and $3.50, respectively. They have also forecasted DPS for 2020-2022 will be $0.30, $3.00 and $2.00, respectively. If residual earnings is expected to be constant after 2022. What is the intrinsic value per share at the end 2019?
Select one:
a. $45.71b. $40.36c. $50.64d. $28.32
Mehta Company traded a used welding machine (cost $14,004, accumulated depreciation $4,668) for office equipment with an estimated fair value of $7,780. Mehta also paid $4,668 cash in the transaction. Prepare the journal entry to record the exchange.
Wilson Company is considering replacing equipment which originally cost $500,000 and which has $460,000 accumulated depreciation to date. A new machine will cost $790,000. What is the sunk cost in this situation?
Akers Company, a 100% owned subsidiary of Muhs Corporation, sells inventory to Muhs at a 30% profit on selling price.
Atwater Company acquires 80 percent of the outstanding voting stock of Belwood Company. On that date, Belwood possesses a building with a $160,000 book value but a $220,000 fair value. Proportionate consolidation concept
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On 6/30/12, a company recorded a journal entry for the coupon payment on its bond. As part of the journal entry, the company debited bonds payable. Which of the following is true regarding this journal entry?
Salim's fixed costs are RM41, 500, the variable cost is RM12 per unit. If Salim sells the product for RM22 per unit, the breakeven point is
How long will it take for Bill to recoup his initial investment in project B? How long will it take for Bill to recoup his initial investment
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