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An investor company purchased 65,000 of the 200,000 outstanding shares of the investee company's common stock for $347,000 on January 1, 2021. During 2021, the investee company declared dividends of $31,000 and reported earnings for the year of $249,000. If the investor company uses the equity method of accounting for its investment in the investee company, it should report Investment Income from the investee company for 2021 in the amount of $__________. (Do not round your answer for any part of the computation.)
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- An investor has an account with stock from two different companies. Last year, his stock in Company A was worth $2500 and his stock in Company B was worth $6360. The stock in Company A has decreased 23% since last year and the stock in Company B has decreased 5%. What was the total percentage decrease in the investor's stock account? Round your answer to the nearest tenth (if necessary).The formula M(t) = 1.14t + 13.21 gives the approximate total revenue for a corporation, in billions of dollars, t years after 2000. The formula applies to the years 2000 through 2013. (a) Explain in practical terms the meaning of M(5). The expression M(5) is the total revenue for the corporation, in billions of dollars, in 2005.The expression M(5) is the year in which the corporation will earn 5 billion dollars. The expression M(5) is the total revenue for the corporation, in billions of dollars, in 2013.The expression M(5) is the year in which the corporation will earn 5 billion dollars more than it earned in 2000.The expression M(5) is the total revenue for the corporation, in billions of dollars, in 2000. (b) Use functional notation to express the total revenue for 2010. M (c) Calculate the total revenue in 2010. billion dollarsA donor made the following donations during 2018:To Abel, a car worth 800,000To Jen, a condominium worth 3,000,000 in MacauTo Gore, GJ Company shares (domestic corporation) amounting to 250,000 To Alexa, 100,000 worth of shares of stock of a resident foreign corporation where 90%of its operation is in the PhilippinesTo Earl, a building in Singapore valued at 5,000,000 mortgaged for 2,000,000 assumedby the doneeTo Hannah, parcel of land in Isabela, 1,500,000To Chen, 100,000 bank deposit in BPITo Kristine, 100,000 bank deposit in Metrobank, US BranchTo Gavrie, 500,000 cashThe donor also made the following transfer of properties within the year: ConsiderationReceived Fair market value at thE time of transfeR Land 1 – QC 2,000,000 3,000,000Land 2 – Taguig 3,000,000 2,000,000Land 3 – USA 5,000,000 10,000,000Car –…
- ABC Company's most recent dividend (D0) was $10 and its dividends growth rate is 5% percent per year. If an investor with 15% required rate of return sells the stocks at $113 in the 2nd year, he/she would have a ____ because the true price of the stocks in the 2nd year (P2) would be _____ a Gain; $115,76 b. Loss; $115,76 c. Gain; $110,25 d. Loss; $110,25Sabrine purchased 4,500 shares of a mutual fund at an offer price of $8.88 per share. Later, she sold the investment for $7.38 per share. During the time she owned the shares, the fund paid a dividend of $0.52 per share. What was her return on her investment? (Round to the nearest tenth.)a) Assume we are now in mid- or late February 2022. After conducting your own analysis, you have made a decision to buy shares of ENV in March. However, your friend, Jaden who is a financial advisor for ENV tells you that ENV's earnings for the fourth quarter 2021 is higher than the analyst estimates. He suggests you to buy its shares immediately (i.e. in midor late February 2022) before this information is announced to the public (and price increases). Please state and explain which CFA Institute Code and Standards Jaden has breached.
- Suppose a company just paid a dividend for RM0.30 and expects to increase dividendsby 3% per year. The required return is 8%. Calculate the value of the stock.According to the company’s ACT 2019, Act 992 of Ghana, it is mandatory for every registered company to organise an annual general meeting (AGM). The AGM shall be held not earlier than twenty one days after the annual reports which comprises the Financial statement, reports of the directors and auditors on the financial statements have been dispatched to shareholders and debenture holders of the company However, in recent times a number of investigations have been conducted by the department of Accounting and finance at Ghana Technology university college into the use made by shareholders of the annual reports of companies in which they have invested . Several of these research shows that the annual report is regarded as an important source of information for making decisions on equity investment. Other types of study indicate that the market price of the shares in companies does not react to in the short term to the publication of the company’s annual report Requires; How…The sole proprietor of the Alton Plumbing Supply Company receives all accounting profits earned by his firm and a $30,000 a year salary. He has a standing salary offer of $40,000 a year working for a large corporation. If he had invested his capital outside his company, he estimates that would have returned $15,000 this year. If accounting profits for the year were $65,000, economic profits were:
- Happy Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 25 percent of total sales each month. Historically, sales on account have been collected as follows: 50 percent in the month of the sale, 30 percent in the month after the sale, and the remaining 20 percent two months after the sale. Gross sales for the quarter are projected as follows: January February March Accounts receivable on December 31 were $30,000. Happy's expected cash collections for March would be: Select one: OA. $30,250 OB. $32,000 O C. $37,000 OD. $47,200 $20,000 $10,000 $40,000G&M Motors is currently an all equity financed firm. It expects to generate EBIT of $30 million over the next year. Assume that G&M Motors’ EBIT is not expected to grow in the future and that all earnings are paid out as dividends. Currently G&M has 10 million shares outstanding and its stock is trading at $40.00 per share. G&M is considering changing its capital structure by borrowing $100 million at an interest rate of 2% and using the proceeds to repurchase shares at its current price ($40.00 per share). Assume perfect capital markets. After the re-capitalisation, G&M ʹs earnings per share (EPS) and the equity cost of capital are closest to: A. $2.90 and 14.55% B. $3 and 7.5% C. $3.73 and 9.3% D. $2.8 and 10.8%On the advice of your uncle, you purchased 10 shares of a well-established U.S.-based corporate stock for $21.5 per share. After 1 quarter, you received $0.25 per share dividends each quarter for 2 years. At that point, the stock price had gone down in a short-term recession, so you purchased 10 more shares at $15 per share. The stock continued to pay 25¢ a share on all 20 shares. After 3 years (12 quarters), you decided to sell the stock since it had increased in market value to $24.5 per share. Make the following assumptions: (a) no commissions for the purchase or sale of the stock, (b) no government taxes on the dividends, and (c) quarterly compounding of the rate of return. What is the effective interest rate per year? The effective interest rate per year is %.