Reference no: EM133071857
Question - At the beginning of the current year, SCARLET Company's issued and outstanding shares total 100,000 shares of P10 par value, Share Premium of p400,000 and Retained Earnings of P360,000. The following transactions occurred during the year:
January 10 Sold 40,000 shares at P15 per share
March 27 Purchased 5,000 treasury shares at a cost of P12 per share.
October 31 Issued P5,000,000 convertible bonds at 120.The bonds are quoted at 98 without the conversion feature.
November 10 Declared a 2 for 1 split when the market value of the share was P16.
December 15 Sold 20,000 shares at P10 per share.
December 31 Net income for the year was P550.000
Required - What is the total shareholders' equity at year-end?
|
Discuss the relevance of corporate governance
: Discuss the relevance of corporate governance. What does it look like? How can a company benefit from governance systems; i.e. what benefits are provided to dec
|
|
Realize the true value of interco operating divisions
: Shelley alternately considers an equity carve-out of a portion of Cellzyme. Assume Interco initially owns 20M Cellzyme shares. She is advised by her investment
|
|
What is the conversion value-price of the preferred
: ABC Corp issues convertible preferred with a $25 par value and a $2.50 annual dividend. What is the conversion value-price of the preferred
|
|
Distinguishing between the primary branches of philosophy
: Distinguishing between the three primary branches of philosophy - What does it mean to think philosophically? How can thinking philosophically help me
|
|
What is the total shareholders'' equity at year-end
: Share Premium of p400,000 and Retained Earnings of P360,000. What is the total shareholders' equity at year-end
|
|
What is the current yield of the bond
: An annual bond has a face value of $1,000, a coupon rate of 5.2%, a yield to maturity of 9.4%. The price of the bond is $822.04.
|
|
Estimate dividends will grow at a constant rate
: You are trying to value Blackmores share today (End of 2019). Assume the current price of the share in the stock market is $88.16 and that you would like to hol
|
|
What is the franchise cost on december
: Annual payment at the beginning of each year for 6 periods 800,000. What is the franchise cost on December 31, 2021
|
|
Determine the annual yield
: Royal Blue Bonds were purchased nine years ago at $1,000, with a 13 percent annual coupon. Today they are sold for $1,215.
|