Anita Maria Co. issued common shares for $15 per share on Ma…
Anita Maria Co. issued common shares for $15 per share on May 1, 2024 and the market price is $25 per share on December 31, 2024. The earnings per share for 2024 is $2 and the dividends paid per share was $1 in 2024. The formula for Price-Earnings ratio is Market value per share Earnings Per Share What is the price earnings ratio on December 31, 2024?
Read DetailsMOO Creamery Co. makes a blue cream cheese called Moo Deng….
MOO Creamery Co. makes a blue cream cheese called Moo Deng. On June 30, 2023, the company bought a fancy cream cheese making machine costing $500,000. Details on the machine follow: • The estimated useful life is 5 years.• The estimated residual value is $100,000.• 200,000 pounds of cream cheese is the total estimated production over the machine’s life.• The machine produced 20,000 pounds of cream cheese in 2023 and 50,000 pounds in 2024. MOO Creamery Co. has a December 31st year-end. Required:Using the Units of Production Method, calculate Depreciation Expense for 2024 by selecting ALL that apply.
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