Selected financial information about Backpacking Resources, Inc., is as follows:
| Total assets | $20,000,000 |
| Total liabilities | $8,000,000 |
| Total preferred stock | $3,000,000 |
| Total annual preferred stock dividends | $210,000 |
| Net profits after tax | $1,000,000 |
| Number of shares of common stock outstanding | 400,000 shares |
| Current market price of common stock | $57.00 a share |
| Annual common stock dividends | $2.28 a share |
Using the company's financial information, compute the following:
A) Dividend yield. Round the answer to two decimal places. ________%
B) Book value per share. Round your answer to the nearest
cent.
$_________per share
C) Earnings per share. Round your answer to the nearest
cent.
$__________per share
D) P/E ratio. Round the answer to two decimal places.
__________times
In: Finance
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3. If your total assets equal $87,000 and your total liabilities equal $10,000, your solvency ratio is
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4. Which of the following are reasons people lease vehicles?
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5. What is the maximum amount a first-time home buyer who is not 59½ years old can withdraw from an IRA without penalty?
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In: Finance
The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2018, the end of its fiscal year:
cash, $16,000
accounts receivable, $11,000
inventories, $25,000
equipment (net), $80,000
accounts payable, $14,000
wages payable, $9,000
interest payable, $1,000
note payable (due in 18 months), $30,000
common stock, $50,000
Calculate total current assets and total current liabilities that would appear in the company’s year-end balance sheet.
In: Accounting
4. When does a surface have its total hemispherical emissivity equal to its total hemispherical absorptivity for radiation coming from a blackbody?
A. When the surface temperature is equal to the temperature of the source of radiation
B. When the surface temperature is greater than the temperature of the source of radiation
C. When the surface temperature is less than the temperature of the source of radiation
D. When the surface temperature and the temperature of the source of radiation are equal to absolute zero
In: Mechanical Engineering
1a. Gross Domestic Product measures two things simultaneously; total income through employment and total expenditures on an economy’s outputs. Explain how each of these must be equal for an economy to operate. What happens if either measurement becomes restricted? Does this mean that money must be equally available to everyone? Explain. Your explanation should include a description of the GDP equation and a properly labeled Circular Flow Diagram with each line correctly labeled.
1b. What are the dangers of economic growth expanding too rapidly in the economy? What is the distinction between when these trade-offs are acceptable, and when they will create future economic problems? Your explanation should be supported with the Aggregate Supply and Demand Curve.
In: Economics
| Crops & feed revenue | 145,600 |
| Livestock and livestock product revenue | 215,300 |
| Total nonfarm income | 12,000 |
| Total farm operating expenses | 252,629 |
| Depreciation expense | 50,526 |
| Income tax expense | 10,827 |
| Interest expense | 64,962 |
| Withdrawals for family living | 28,000 |
| Principal payments on unpaid operating debts | 0 |
| Principal payments on current portions of debt & leases | 29,890 |
1) Calculate capital replacement and term debt repayment capacity for LongView Farms.
2) Calculate capital replacement and term debt repayment margin (CRDRM) for LongView Farms.
3) Solve the percent that crop revenue and livestock revenue can decline and still maintain positive CRDRM.
4) Solve the percent operating expenses and interest expenses
can increase and still maintain positive CRDRM.
In: Accounting
On 31 December 2019, income summary account has $5,000,000 debit total and $15,000,000 credit total before tax expense of the year. Corporate Income Tax rate is 15 % and company has to allocate 5% of legal reserves.
Make required journal entries. (10 points)
In: Accounting
On June 30, 2018, Rundle Company’s total current assets were $500,500 and its total current liabilities were $272,500. On July 1, 2018, Rundle issued a short-term note to a bank for $40,400 cash.
Required
Compute Rundle’s working capital before and after issuing the note.
Compute Rundle’s current ratio before and after issuing the note. (Round your answers to 2 decimal places.)
On June 30, 2018, Vernon Company’s total current assets were $501,000 and its total current liabilities were $278,500. On July 1, 2018, Vernon issued a long-term note to a bank for $39,000 cash. Required Compute Vernon’s working capital before and after issuing the note. Compute Vernon’s current ratio before and after issuing the note. (Round your answers to 1 decimal place.)
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In: Accounting
How does the total contribution margin (unit contribution margin x total number of units sold) differ from the gross margin often seen on companies' financial statements?
In: Accounting
Table 3. Correlations Between CSS and HRQoL (n = 91). Total CSSa CSa MFa Total HRQoL PD ED GD Total CSSa 1 CSa 0.92** 1 MFa 0.87** 0.60** 1 Total HRQoL −0.16 −0.01 −0.32** 1 PD −0.21* −0.09 −0.35** 0.93** 1 ED −0.11 −0.03 −0.19 0.77** 0.57** 1 GD −0.08 −0.10 −0.29** 0.93** 0.80** 0.63** 1 Note. CSS = Cardiac Self-Efficacy Scale; CS = Control Symptoms (subscale); MF = Maintain Functioning (subscale); HRQoL = health-related quality of life; PD = physical domain; ED = emotional domain; GD = general domain. a Mean average. *Statistically significant correlation at p < .05 level. **Statistically significant correlation at p < .01 level
In Table 3, list the significant correlations and include the correlation value.
In Table 3, explain the relationship between the Maintain functioning subscale and the physical domain.
In: Statistics and Probability