25x - 0.25 = 150
25x = 149.75
x = 5.99
Each pair costs $5.99.
To calculate the overhead rate, we need to derive the ratio of total indirect costs to direct labor costs. Overhead rate = Indirect Cost / Direct labor cost. Total estimated overhead costs are calculated as $2,900,000 + $800,000, amounting to $3,700,000. Thus, the overhead rate is $3,700,000 divided by $80,000, yielding an overhead rate of 46.25. Consequently, the overhead rate for K company is 46.25.
After the dividend, the company's:
a. book value per share will become $6.31.
b. price-earnings ratio will adjust to 13.88.
c. shareholder value per share will amount to $18.60.
d. stock price will be $19.00.
e. earnings per share will equal $.94.
The result is: b
To determine the ex-dividend price per share on the day the dividend is distributed, we follow this method:
Ex-dividend Price = Share price before dividend - dividend amount per share
Ex-dividend price = $18.6 ($19 - $0.40)
Using this ex-dividend price, we can calculate the P/E ratio after the dividend.
P/E = $18.6/$1.34 = 13.88059
The donation of 5% of Target's annual revenue towards community initiatives exemplifies social responsibility.
This concept of social responsibility involves ethical obligations and civic duty. Through these contributions, Target enhances societal well-being while balancing its growth with community welfare.
Answer: For an explanation, please refer to the explanation section
Explanation:
recording a journal entry for Patel Products selling a delivery van priced at $20,000 with accumulated depreciation totaling $18,000, while receiving $2,000 cash from the buyer, results in:
December 29, 2019
Account title----- Cash----------Debit $2,000
Account title----Accumulated Depreciation-----Debit $18,000.
Account title------Delivery Van ----Credit $20,000
The equipment's book value at the sale was $2,000, reflecting its original cost of $20,000 adjusted by the accrued depreciation of $18,000. Since Patel received the same $2,000 from the sale of the delivery van, there is no profit from the disposal.