BE10.7 Evaluate a company’s dividend and earnings performance from a shareholder’s perspective The average shareholders’ equity of Jonty James Ltd was $500 000 for the year ended 30 June 2019. During...
BE10.7 Evaluate a company’s dividend and earnings performance from a shareholder’s perspective
The average shareholders’ equity of Jonty James Ltd was $500 000 for the year ended 30 June 2019. During that year, Jonty James Ltd had a profit of $90 000 and declared cash dividends of $20 000. Calculate the dividend payout and the return on ordinary shareholders’ equity.
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BE10.7 Evaluate a company’s dividend and earnings performance from a shareholder’s perspective The average shareholders’ equity of Jonty James Ltd was $500 000 for the year ended 30 June 2019. During...
COVID Ltd reported a net income after tax of $2 850 000 for the year ended...
COVID Ltd reported a net income after tax of $2 850 000 for the year ended 30 June 2019. The capital structure of COVID Ltd follows: 30 June 2018 30 June 2019 Ordinary shares 500 000 500 000 Convertible preference shares ($3 dividend per share; convertible to 10,000 shares) 10 000 10 000 8% Convertible notes ( convertible to 30,000 ordinary shares) $ 1000 000 $ 1000 000 COVID Ltd paid its preference shareholders during the year and there are...
PART B On 1 July 2017, South Water Ltd had 1 500 000 shares. The equity...
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The shareholders' equity section of the statement of financial position of Riley Lid at 30 June...
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During an audit of the inventory records of Winthrop Ltd for the year ended June 30,...
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Part 2 (32 Marks) These balances were extracted from the books of Tembo Ltd as at 31 January 2018...
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Exercise 13.20 Options, shares, dividends, reserves The statement of changes in equity for Salmon Ltd for...
Exercise 13.20 Options, shares, dividends, reserves The statement of changes in equity for Salmon Ltd for the year ended 30 June 2020 was as shown below. SALMON LTD Statement of changes in equity for the year ended 30 June 2020 $ 69 420 $ 69 420 $300 000 80000 2500) 222 000 170 000 20000 $779 500 $ 24000 20 000 14000 Profit for the year Other comprehensive income Total comprehensive Income for the year Movements in equity for the...
2.3 Fed Ltd has the following authorised share capital: Authorised: 900 000 Ordinary shares 500 000...
2.3 Fed Ltd has the following authorised share capital: Authorised: 900 000 Ordinary shares 500 000 12% Preference shares. The issued share capital at 31 December 2019 is as follows: 400 000 Ordinary shares at R1,00 each, and 200 000 12% Preference shares at R2,00 each Of the issued share capital, the following shares were issued on 30 June 2019 and have been correctly recorded: 100 000 Ordinary shares at R1,00 each, and 50 000 12% Preference shares of R2,00...
For the year ending 30 June 2019, Sandon Ltd reports net profit after tax of $2000...
For the year ending 30 June 2019, Sandon Ltd reports net profit after tax of $2000 000. At the beginning of the year, Sandon Ltd had 1600 000 fully paid ordinary shares. It also had 200 000 $1.00, 20 per cent, cumulative preference shares outstanding. The preference shares were classified as equity. On 1 September 2018 the company issued another 400 000 fully paid ordinary shares by way of a rights issue. The right provided an additional share for each...
ABC Ltd has provided the following information: Income Statement for the year ended 30 June 2018...
ABC Ltd has provided the following information: Income Statement for the year ended 30 June 2018 $000 Revenue 25460 Cost of Sales 9810 Gross Profit 15650 Depreciation 7860 Other Expenses 1080 Gain on disposal of Non Current assets 150 6860 Operating Profit Finance Charges 2250 Profit before Tax 4610 Taxation 1030 Profit for the year 3580 Statement of Changes in Equity for the year ended 30 June 2018 Retained Earnings 01.07.17 8210 Profit for the year 3580 11790 Dividends paid...
Required: Prepare the consolidated financial statements of Griffin Ltd at 30 June 2019. Griffin Ltd is...
Required: Prepare the consolidated financial statements of Griffin Ltd at 30 June 2019. Griffin Ltd is a major Australian company operating in the manufacture of women’s clothing. One of its major competitors is Frank Ltd whose business was established by a French family over 30 years ago. It has won numerous awards for its designs and has established a number of brands that have been successful, especially with the teenage market. In order to expand its business as well as...
PART B On 1 July 2017, South Water Ltd had 1 500 000 shares. The equity accounts at 1 July 2017 had the balances listed as follows. Share capital $1 500 000 500 000 Retained earnings Transactions during 2017-18 financial year and other information related to equity accounts were as follows. 1. An interim cash dividend of $0.25 per share was declared on 31 December 2017 and paid on 31 January 2018. 2. The shareholders agreed to a 3-for-1 share...
The shareholders' equity section of the statement of financial position of Riley Lid at 30 June 2019 is as follows. 2019 2018 Share capital General reserve Foreign currency translation reserve Retained earnings 200000$160 000 40000 60000 160000 50000 74000 170000 $494000 $420 000 Additional information . Riley Ltd issued 16000 shares at $2.50 each on 31 May 2019 for cash. . A transfer of $10000 was made from retained earnings to the general reserve. . Comprehensive income for the year...
Part 2 (32 Marks) These balances were extracted from the books of Tembo Ltd as at 31 January 2018 Debit Credit Retained eamings (31 January 2018) Interest payable Long term loan Application and allotment Shareholders for ordinary dividends Stated share capital (2 000 000 ordinary shares Preference share capital and shareholders for preference dividends are not known 12,994,000.00 175,312.50 2,250,000.00 2,691,000.00 30,000.00 4,000,000.00 Additional information On 28 February 2018 Tembo Ltd issued 877 000 ordinary shares and applications worth NS...
Exercise 13.20 Options, shares, dividends, reserves The statement of changes in equity for Salmon Ltd for the year ended 30 June 2020 was as shown below. SALMON LTD Statement of changes in equity for the year ended 30 June 2020 $ 69 420 $ 69 420 $300 000 80000 2500) 222 000 170 000 20000 $779 500 $ 24000 20 000 14000 Profit for the year Other comprehensive income Total comprehensive Income for the year Movements in equity for the...
2.3 Fed Ltd has the following authorised share capital: Authorised: 900 000 Ordinary shares 500 000 12% Preference shares. The issued share capital at 31 December 2019 is as follows: 400 000 Ordinary shares at R1,00 each, and 200 000 12% Preference shares at R2,00 each Of the issued share capital, the following shares were issued on 30 June 2019 and have been correctly recorded: 100 000 Ordinary shares at R1,00 each, and 50 000 12% Preference shares of R2,00...
ABC Ltd has provided the following information: Income Statement for the year ended 30 June 2018 $000 Revenue 25460 Cost of Sales 9810 Gross Profit 15650 Depreciation 7860 Other Expenses 1080 Gain on disposal of Non Current assets 150 6860 Operating Profit Finance Charges 2250 Profit before Tax 4610 Taxation 1030 Profit for the year 3580 Statement of Changes in Equity for the year ended 30 June 2018 Retained Earnings 01.07.17 8210 Profit for the year 3580 11790 Dividends paid...
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