Answer:
Explanation:
1) Interest expense = 5000000 × 10% = 500000
Times interest earned = Income before interest and tax / Interest expense = (1500000+500000) / 500000 = 4 Times
2) Earning per share of Common Stock = (Income after tax-Income tax-preferred dividend) / Share outstanding = (1500000-200000-100000 ) / 200000 = 6 per share
3) Price earning ratio = 75 / 6 = 12.50 times
4) Dividend per share of Common Stock = 150000 / 200000 = 0.75 per share
5) Dividend yield = 0.75 / 75 = 1%
Answer:
True.
Explanation:
Consumer Credit Protection Act is a law of United Stated which was enacted in 1968. This act protects the consumer against the lenders. This law set out how credit is managed on the purchases of consumer.
National City Bank has confused Simone by briefing about several mortgages and penalties of the loan. Simone is unable to identify whether mortgage loan is better option or she should consider other banks. This has violated the Consumer Credit Protection Act.
Answer:
Explanation:
The journal entries are shown below:
Notes payable A/c Dr $60,000,000
Interest payable A/c Dr $4,200,000
To Land A/c $32,000,000
To Gain on transfer of land $12,000,000
To gain on settlement of debt $20,200,000
(Being all transactions are recorded and the remaining balance is credited to the gain on settlement of debt)
The Gain on transfer of land is computed below:
= $44 million - $32 million
= $12 million
Answer is year 2 hopefully it helps
It is decreased by $60,000. Hope that helps Apex User
