On June 8, Pharoah Ltd. was incorporated and issued 33,600 common shares for $336,000 On August 19, an additional 8,400 shares were issued for $100,800. On November 2, the company paid $32.256 to repurchase 3,360 common shares and on December 7 it paid $58,240 to repurchase 4,480 common shares.
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- Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)On June 8, Carla Vista Ltd. was incorporated and issued 35,400 common shares for $354,000. On August 19, an additional 8,850 shares were issued for $106,200. On November 2, the company paid $33,984 to repurchase 3,540 common shares and on December 7 it paid $61,360 to repurchase 4,720 common shares. (a) Your answer is partially correct. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) Average Cost June 8 Aug. 19 Nov. 2 Dec. 7 $ $ $ eTextbook and Media: 10ABC Corp has produced its first set of financial results. Ordinary shares in the company were issued at the start of the financial year at a price of $2.00 each. The par value of each ordinary share in was 0.10. 50 million shares were issued by the company and the first year's profit for the year is $15 million. The current market price of the shares is $2.70. What is the price/earnings ratio? a. .11 b . .33 c. 9 d. 6.67
- On June 8, Cullumber Ltd. was incorporated and issued 31,800 common shares for $318,000. On August 19, an additional 7,950 shares were issued for $95,400. On November 2, the company paid $30,528 to repurchase 3,180 common shares and on December 7 it paid $55,120 to repurchase 4,240 common shares. (a) Your answer is partially correct. Calculate the average cost of the common shares on June 8, August 19, November 2, and December 7. (Round answers to 2 decimal places, e.g. 15.25.) Average Cost June 8 Aug. 19 GA 10.00 $ 10.40 Nov. 2 $ Dec. 7 $ 13.00Ridgetown Corporation started the year with 50,000 common shares outstanding. On April 1st, Ridgetown reacquired 5,000 of its own common shares. On July 1st, 10,000 common shares were issued. What will Ridgetown use in the denominator for its earnings per share calculation?(44). Subject:- Accounting On March 1, Emma Corp purchased 1,900 (or 11%) of the common shares of Christine Corp for $40 per share. Brokerage fees of $1,100 were incurred on the purchase. On December 1, Christine Corp declared and paid $30,000 of dividends. On December 31, shares of Christine Corp were trading at $62 per share. The investment was recorded using FVTOCI. What amount would be recorded to the "Investment in Christine Corp" account on March 1?
- Rodgers has just completed its financial statements for the year ended 30 June 20X6. It is reporting a net profit of $1,250,000 for the current year, and has $1 million of 50 cent shares in issue. The current market price of Rodgers' shares is $3.50. What is the Price Earnings (P/E) ratio of Rodgers for the year ended 30 June 20X6?Pronghorn Corp. has 6,000 preferred shares outstanding ($3.00 dividend), which were issued for $180,000, and 50,000 common shares, which were issued for $520,000. The following schedule shows the amount of dividends paid out over the past four years. Allocate the dividends to each type of share under assumptions (a) and (b). Express your answers in per-share amounts and using the format that is shown. (Round intermediate calculations to 5 decimal places, e.g. 0.15647 and final answers to 2 decimal places, e.g. 52.75. Do not leave any answer field blank. Enter O for amounts.) (a) Preferred, non-cumulative, and non-participating Year Paid-out Preferred 2020 $15,900 $ 2.65 2021 $32,000 $ 3 2022 $80,000 $ 3 2023 $146,000 $ 3 +A +A +A Common Assumptions 0 (b) Preferred, cumulative, and fully participating Preferred Common SA $ 2.65 0.28 $ 3.35 1.24 +A $ 2.56 +A SA 5.55 $ +A 19.55 SA $ 0.24 0.93 0.57On May 1, Republic Corporation purchased 400 shares of stock for P114 per share and held it as FVTPL financial assets. The price decreased to P106 per share on August 1 and then increased to P122 on December 31. During the year, the company received dividends of P3.50 per share. At what amount should the investment be valued in the December 31 balance sheet?
- Clair, Inc. reports net income of $700,000. It declares and pays dividends of $100,000 for the year, one-half of which relate to the preferred shares. The weighted average number of ordinary shares outstanding during the year is 200,000 shares, and the weighted average number of preferred shares outstanding during the year is 10,000 shares. Rounded to the nearest cent, earnings per share for Clair, Inc. is O $2.95. O $3.00. O $3.25. O $3.18.On January 20, Metropolitan Inc. sold 9 million shares of stock in an SEO. The market price of Metropolitan at the time was $41.25 per share. Of the 9 million shares sold, 4 million shares were primary shares being sold by the company, and the remaining 5 million shares were being sold by the venture capital investors. Assume the underwriter charges 5.3% of the gross proceeds as an underwriting fee. a. How much money did Metropolitan raise? b. How much money did the venture capitalists receive? c. If the stock price dropped 2.7% on the announcement of the SEO and the new shares were sold at that price, how much money would Metropolitan receive? a. How much money did Metropolitan raise? After underwriting fees, Metropolitan raised $ million. (Round to two decimal places.)Liberward, Inc., sold and issued 1,000 shares for $15 per share. The book value of the shares was $10 per share. The journal entry to record the share issue would include which of the following? A). A debit to Cash for $10,000. B). A credit to Common Shares for $10,000. C). A credit to Common Shares for $15,000. D). A credit to Cash for $15,000