Answer:
common stock book value: 273.5 dollars
Explanation:
(equity - preferred stock) / outstanding shares
In this case:
(common stock + RE) divide over shares outstanding
20,000 shares x $ 20 = 400,000
Retained Earnings:
5,000,000 + 70,000 = 5,070,000
Total Common Equity: 5,470,000
Common stock: 20,000
5,470,000 / 20,000 = 273.5
The book value per share of Meyer's common stock is $253.5. This is calculated by dividing the total equity ($5,070,000) by the number of common shares outstanding (20,000).
The book value per share is the value of a company's equity divided by the total number of common shares outstanding. It is a financial ratio that investors use to assess whether a company's stock is overpriced or underpriced.
In this case, the total equity of Meyer, Inc. is calculated by adding its retained earnings to its net income for the year. This totals to $5,070,000. Since there are 20,000 shares of common stock, the book value per share of Meyer's common stock would be $5,070,000 divided by 20,000, which equals to $253.5.
This represents the intrinsic value of a company, which could be significantly different from its market price depending on numerous factors such as the company's earnings potential and risk profile.
#SPJ3
Answer:
Gain recognized = $3,000
Explanation:
Continuation is"Each contract is on 1, 000 units of the commodity."
Gain in accounting year Jan 1 to Dec 31, 2013 is the total gain the accounting year. Gain recognized = (Price on March 1, 2013 - Price on Dec 31, 2012) * Total Contract
Gain recognized = (64 - 61) * 1000
Gain recognized = 3 * 1000
Gain recognized = $3,000
Answer:
Explanation:
The journal entries are shown below:
On October 1
Dividend Declared A/c Dr $650 (2,600 shares × $0.25)
To Dividend payable A/c $650
(Being dividend is declared)
On October 15
No entry is required
On October 31
Dividend payable A/c Dr $650
To Cash A/c $650
(Being dividend is paid for cash)
The company Divine Apparel declares a dividend of $0.25 on October 1, subsequently on October 31, the company pays out these dividends to all registered shareholders as of October 15. The total dividend payout would be $650.
The actions you described pertain to what is often referred to in the world of stocks and finance as dividend declaration and payment. On October 1, Divine Apparel declares a dividend of $0.25. This declaration doesn't result in a financial transaction just yet, but rather it promises a future cash outflow to shareholders.
To calculate this, we multiply the number of shares - 2,600 shares in this case - by the declared dividend of $0.25. This calculation would result in a total dividend of $650.
October 15 marks the 'record date', this is the date when the company looks at its records to see who the shareholders are. An investor must be listed as a holder of record to ensure the right of a dividend payout. It's important to note that there are no accounting entries to be made on this date, this is purely an administrative date.
Finally, October 31 is the 'payment date'. Every shareholder of record as of October 15 will receive the stipulated dividend. In this case, Divine Apparel pays out $650 in total dividends to the shareholders it had registered on October 15.
#SPJ3
the cover-up of complex procedures. Abstraction allows us to apply a function to each value in a list and produce a new list of the results by getting rid of unnecessary or repetitive code.
Abstraction is a method used in computer science to control the complexity of computer systems. It functions by setting a threshold for complexity beyond which a user cannot interact with the system, concealing the more intricate elements below the threshold.
When we write code parts (referred to as "procedures" or, in Java, "static methods") that are generalized by having variable parameters, we are using procedural abstraction. The concept is that we have code that, depending on how its parameters are configured when it is called, can handle a range of different circumstances.
Read more about abstraction enables at
#SPJ4
Answer:
The cash-basis net income and accrual-basis net income for the year is $19,500 and $22,800 respectively.
Explanation:
The computation is shown below:
1. Net income under cash basis:
= Received cash from customers - paid cash for salaries
= $43,000 - $23,500
= $19,500
2. Net income under accrual basis:
= Cash received - salary paid
where,
Cash received = Cash owed at the end of the year + cash received - cash owed at the beginning of the year
= $6,600 + $43,000 - $1,000
= $48,600
And, the salary paid = salary owed at the end of the year + salary paid - salary owed at the beginning of the year
= $5,600 + $23,500 - $3,300
= $25,800
Now put these values to the above formula
So, the value would equal to
= $48,600 - $25,800
= $22,800
1. Cash basis in as accounting method that recognizes revenues and expenses only when the cash is received or paid out.
Net income under cash basis = Received cash from customers - Cash paid for salaries
Net income under cash basis = $43,000 - $23,500
Net income under cash basis = $19,500
2. Accrual basis is as accounting method where accounting transactions are recorded for revenue when earned and expenses when incurred.
Net income under accrual basis = Cash received - Salary paid
Net income under accrual basis = (Cash owed at the end of the year + Cash received - Cash owed at the beginning of the year) - (Salary owed at the end of the year + Salary paid - Salary owed at the beginning of the year)
Net income under accrual basis = ($6,600 + $43,000 - $1,000) - ($5,600 + $23,500 - $3,300)
Net income under accrual basis = $48,600 - $25,80
Net income under accrual basis = $22,800
See similar question & solution here
Answer:
(C) Log Analysis
Explanation:
Log Analysis is a computer management system that logs records. This log analysis records everything, so if there is an ongoing problem, it will be recorded. Once its recorded and known, a solution can be provided.