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Question: A business friend of yours who does not know much about accountancy has a holding of 1,000 ordinary shares in a pubhc company and asks you to explain certain points in connection with the company's last balance sheet, a copy of which he has just received. The following is a summarised copy of the balance sheet in question.
The questions your friend wants answered are the following:
1. On the assumption that the ordinary shares of a well-managed company of this size, engaged in the industry in question, should have a market quotation such that the ratio of the balance of the company's annual earnings, after paying the preference dividend, to the total market value of the ordinary shares should be 12 ½ per cent, what ought the company's profit (before tax) to be in order to justify a quotation of 18/-?
2. Assuming that the company's profit for the last year did in fact amount to the figure you calculate, what is the ratio of net profit to total capital employed in earning that profit as disclosed by the balance sheet?
In looking at the cost of her operations, Mary determines that her monthly rent is $2,100, the hourly wages are $3,200, and the cost of materials consumed are $12,400. What are her variable costs
Prepare a 200-300 word paper discussing the steps in testing a research hypothesis.
on january 15 purchased 9000 shares of gonzalez companys common stock at 33.50 per share plus commission 1980.on april
The limited source model can often be used to approximate the behavior of a computer's CPU ( central processing unit). Suppose that 20 terminals (assumed to always be busy) feed the CPU.
black rose company has always done some planning for the future but the company has never prepared a formal budget. now
What entry would you make on December 31, 2013, to recognize these facts?
A student of basic accounting made the following statement: For each account debited, there must be another account credited for the same amount. Do you agree? Why or why not?
Vacation pay and pension benefits - The pension plan requires a contribution to the plan administrator equal to 8% of employee salaries. Salaries were $340,000 during the period.
On April 1, 2014, Joy Ltd. sold land for $600,000. The note will be collected as follows: $100,000 in 2014, $200,000 in 2015, and $300,000 in 2016. The property had cost Joy $122,000 when it was purchased in 2001.
Springfield Express is considering offering a discounted fare of $ 120, which the company believes would increase the load factor to 80 percent. Only the additional seats would be sold at the discounted fare.
Compute the simple rate of return on the new automated bottling machine. Use straight-line depreciation method.
a company produces bird food. during april it produced147 batches of food each batch weighing 100 lbs. to produce this
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