WendyEller2-TextbookEx.-Unit8

WendyEller2-TextbookEx.-Unit8 - Unit 8 Chapter 15 Practice...

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Unit 8, Chapter 15 Practice Exercises Name Wendy Eller Instructions for template use: The following template is provided to you to assist you with the homework assignments. The areas shaded in green are the areas of the template in which you should place your answers. Please contact your instructor if you have any questions on the use of the template. PE 15-1A See instructions for the problem on page 675 of the textbook. Hint: Review pages 650 - 651 of the textbook. PLAN 1 PLAN 2 $400,000.00 $400,000.00 Bond interest $120,000.00 $60,000.00 Balance $280,000.00 $340,000.00 Income tax $112,000.00 $136,000.00 Net income $168,000.00 $204,000.00 Dividends of preferred stock $- $140,000.00 Earnings available for common stock $168,000.00 $64,000.00 Number of common shares 100,000 80,000 Earnings per share on common stock $1.68 $0.80
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Unit 8, Chapter 15 Practice Exercises Name Wendy Eller Instructions for template use: The following template is provided to you to assist you with the homework assignments. The areas shaded in green are the areas of the template in which you should place your answers. Please contact your instructor if you have any questions on the use of the template. PE 15-2A See instructions for the problem on page 676 of the textbook. See Exhibit 3 on page 655. Present Value of $7,000 $3,558.45
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Unit 8, Chapter 15 Practice Exercises Name Wendy Eller Instructions for template use: The following template is provided to you to assist you with the homework assignments. The areas shaded in green are the areas of the template in which you should place your answers. Please contact your instructor if you have any questions on the use of the template. PE 15-4A
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WendyEller2-TextbookEx.-Unit8 - Unit 8 Chapter 15 Practice...

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