Accounts payable 1200000 790000 Income taxes payable 220000 100000 Bonds payable 1350000 1350000 10% Preferred stock, $50 par 2000000 2000000 Common stock, $10 par 2350000 1750000 Paid-in capital in excess of par 1600000 1400000 Retained earnings 5030000 3605000 Net credit sales 12850000 Cost of goods sold 8450000 Operating expenses 2700000 Net income 1700000 Additional information: Depreciation included in cost of goods sold and operating expenses is $1240000. On May 1, 20 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared dur The book value per share of common stock at 12/31/26 is computed as follows: $8780000 $235000. $8980000 $213000. $8780000 $213000. $8745000 $235000.
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- Question Please provide the solutions and the correct answers. thank you! 2. The Delta Company projects the following for the upcoming year: Earnings before interest and taxes = P40 millionInterest expense = P 5 millionPreferred stock dividends = P 4 millionCommon stock dividend payout ratio = 20%Average number of common shares outstanding = 2 millionEffective corporate income tax rate = 40% The expected dividend per share of common stock isa. P1.70b. P1.86c. P2.10d. P1.00 3. Following are selected data taken from the records of Jemson Company:Income before tax = P200,000Income tax rate = 40%Dividend payout ratio = 0.80Number of common shares outstanding = 10,000 shares How much dividends per share did the company pay during the year?a. P9.60b. P6.40c. P16d. P15a company has the following items: share capital-ordinaty: $920,000 treasury shares : $85,000 deferred taxes $100,000 retained earning : $ 363,000 which ammount should be report as total equity ? A- 1098000 B- 1198000 C- 1298000 D- 1398000Company X has debt and equity as source of funds..Company X has market value of debt as $ 150000 and a book value of debt as $ 80000. The company has book value of equity as $ 100000 and market value of equity as $ 125000. The cost of debt is 8.25% and cost of equity is 9.57%. The tax rate is 38%. What is WACC?
- You are given the financial information for the Unic Company: Earnings Before Interest and Tax (EBIT) = $126.58 Corporate tax rate (TC) = 0.21 Debt (D) = $500 Unlevered cost of capital (RU) = 0.20 The cost of debt capital is 10 percent. Question: Determine the value of Unic Company equity? Determine the cost of equity capital for Unic Company? Determine the WACC for Unic Company?Pink Limited Purple Limited Earnings before interest and tax R3 000 000 R4 000 000 Long term interest bearing debt R500 000 R800 000 Earnings attributable to shareholders R2 124 000 R2 822 400 Tax rate 28% 28% Share Capital R2 00 000 R5 000 000 Number of ordinary shares issued 200 000 400 000 Number of ordinary shares authorised 1 000 000 500 000 Current market price of the share R30 R20.00 Dividend per share R5 R3 As a financial manager you are very concerned about the dividend yield and dividend payout ratio as these will be your indicators of the return on your investments. Q.3.1 Calculate the dividend yield for both companies. Q.3.2 Calculate the dividend payout ratio for Pink Limited. Q.3.3 Calculate the price earnings ratio for…Compute for the Shareholder’s Equity using these data; Bonds payable P300,000; Ordinary shares premium P50,000; Donated capital P40,000; Treasury shares at cost; P20,000Ordinary share capital (par P100) P500,000; share warrants P100,000; Trading securities P70,000; Share premium from treasury shares P15,000; Retained earnings P135,000 P720,000 P760,000 P820,000 P860,000 answer not given
- Financial Management Question. QUESTION ONE You are provided with the following information relating to V ltd Equity and liabilities 12% debentures (shs1000 at par) 16,000 10% preferences shares 6,250 Ordinary shares (Shs 10 par) 12,500 Retained earnings 28,125 Additional information The debentures are currently selling at Shs 950 in the market Company paid a dividend of Shs 5.00 per ordinary share and they are expected to grow at a rate of 10% per annum. The corporation tax is 40% Required Effective Cost of debt Cost of equity Weighted Average cost of capitalQ2. On 1 July 2020 Farfalle pc had 5 million £1 ordinary shares in issue. On 1 September2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An ordinary dividend of £1.8m was paid(i) Calculate the earnings for year ended 30 June 2021(ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pencePaul Company presented the following information pertaining to its investments in equity securities. FVPL FVOCICost P1,000,000 P1,000,000Market value December 31, 2020 1,050,000 980,000 December 31, 2019 950,000 920,000 2.What amount should Paul report as unrealized gains/losses in the shareholders' equity of its December 31, 2020 statement of financial position?
- Assume the following facts about a company: Capital (000's) EBIT (000's) $1,000 Debt - Less Interest Expense - Equity $3,000 EBT $1,000 Total Capital $3,000 Taxes @ 40% 400 Shares @ $10 = 300 Earnings after Tax $ 600 What will be the company's new EPS if it borrows money at 10% interest and uses it to retire stock until capital is 40% debt? The stock can be purchased at its book value of $10 per share.Why do you deduct or subtract 1 to flotation cost? Example: Given; Annual dividend (D) = $4.75 Flotation cost (F) = 0.05 or 5% Number of shares issued (N) = 10,000 Stock price (P0) = $50 Formula; Total value able to receive = N * P0 * (1 - F) Total value able to receive = 10,000 * $50 * (1 - 0.05) Total value able to receive = $500,000 * 0.95 Total value able to receive = $475,0001. The following balances were obtained from the books of The Hartland Ltd as at December 31, 2015:DETAILS DR CRPremises800,00010% Mortgage250,000Retained earnings40,000Goodwill100,000Debtors110,000Creditors65,000General reserves30,000Management fees30,000Ordinary shares @ $0.50200,0005% Preference shares @ $1200,000Share premium50,000Motor vehicle80,000Prov. for depreciation on motor vehicle12,00010% Debenture120,000Mortgage interest7,000Debenture interest5,000Cost of sales750,000Closing stock80,000Insurance20,000Wages & salaries60,000Interim ordinary shares dividend2,000Bank53,000Sales1,100,000Commission received4,0002,084,0002,084,000Notes:a. Provide for depreciation on motor vehicle at 5% on the reducing balanceb. Insurance is prepaid by $4,000 while wages and salaries is owing by $20,000c. The goodwill should be written down by 25%d. Transfer $25,000 from profits to the general reservese. Corporation tax is estimated at $30,000f. The…