Determine a firm's earnings per share from the following information. Corporate income tax rate 25% Number of shares outstanding 10,000 Cost of goods sold $60,000 Interest earned 2,400 Selling and administrative expense 15,000 Interest expense 5,000 Sales 100,000 Annual credit sales 90,000?
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Determination of the firm's earnings per share:Sales $100,000Cost of goods sold 60,000Gross profits on sales 40,000Selling and administrative expenses 15,000Operating income 25,000Interest expense 5,000Interest earned 2,400Earnings before taxes 22,400Taxes 5,600Earnings available to stockholders $16,800?Number of shares outstanding 10,000Earnings per share $1.68
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Transforming into a true market-driven company requires organizing around ________
A) sales B) customer segments C) products D) functions E) brands
Compare and contrast the constructive receipt doctrine and the assignment of income doctrine.In what situations do these doctrines apply? What tax planning strategies does each doctrine limit?
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In its 1993 dollar-denominated interest rate swap, how much did P&G expect to gain? How much did it eventually lose? Is there any way to justify this tradeoff on financial grounds?
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After retirement starts, which aspect of financial planning becomes imperative?
A) Maintaining a regular pattern of saving B) Long-term borrowing commitments C) Estate planning D) Effects of inflation