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Point 1: Phelps Labs has assets of $430,000, current liabilities of $83,000, and long-term liabilities of $149,000. There is $33,600 in preferred stock outstanding; 20,000 shares of common stock have been issued. Earnings available to common shareholders are $28,500.
Question 1: If the firm sells at two times book value per share, what will the P/E ratio be? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)
optimal production mix calculation.optimal corporation produces two products a and b.nbsp management wants the product
Merchandise is sold on account to a customer for $18,000, terms FOB shipping point, 3/10, n/30. The seller paid the transportation costs of $375. Determine the following.
Don Humes invested $40,000 cash in the company, as its sole owner. Hired two employees to work in the warehouse. They will each be paid a salary of $3,050 per month. Signed a 2-year rental agreement on a warehouse; paid $24,000 cash in advance for th..
If I see the word "consolidated" in the title of a company's financial statements I know that this company has subsidiaries. Stock prices generally move in tandem with Free Cash Flow to Equity Investors. Stock prices tend to rise with increases in d..
Explain the concept of closing process by drawing analogies between a scoreboard for an athletic event and the revenue and expenses account of a business.
The average market price during 2004 was $50. Calculate the number of shares to be used in determining diluted earnings per share for 2004.
On September 1, 2016, Sam's Shoe Co. issued $550,000 of 10% bonds. The bonds pay interest semiannually on January 1 and July 1 of each year. The bonds were sold at the face amount. How much cash did Sam's receive upon sale of the bonds.
Donahue Oil Company has an account titled Oil and Gas Properties. Donahue paid $6,500,000 for oil reserves holding an estimated 200,000 barrels of oil. Assume the company paid $510,000 for additional geological tests of the property and $480,000 to p..
Faced with more thrift-oriented passengers during economic declines and the commoditization of their product, US airlines are moving towards pricing “extras” separately from the price of the ticket – charging for checking baggage, selling pillows and..
Winston Industries and Ewing Inc. enter into an agreement that requires Ewing Inc. to build three diesel-electric engines to Winston's specifications. Upon completion of the engines, Winston has agreed to lease them for a period of 10 years and to as..
Acquisition Cost Potluck Corp. acquired all of the net assets of Sauers Corp. on June 30, 2016, in an acquisition reported as a merger. the fair values of Sauers Corp.'s identifiable net assets at the date of acquisition are as follows: Potluck pays ..
Barbara Ripley and Fred Nichols decide to organize the ALL-Star partnership. Ripley invests $15,000 cash, and Nichols contributes $10,000 cash and equipment having a book value of $3,500. Prepare the entry to record Nichols"s investment in the pa..
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