22. Barber s reported net sales of $92,000, net income of $32,000, dividends pai

Question

22. Barber s reported net sales of $92,000, net income of $32,000, dividends paid to holders of $7,000, dividends paid to common stockholders of $10,000 and average common stockholders' equity of $96,000. What is the return on common equity? a. 26.0% b. 33.3% ?. 88.5% d. 95.8% 23. Jody Jewelry manufactures jewelry. In October Jody is planning to make 500 rings, 400 bracelets, and 210 pendants. Each bracelet requires 4 ounces of gold and 4 semi-precious ones. The company can purchase the 10k gold it uses in its manufacturing for $215 an ounce, an purchase a lot of 100 semi-precious stones for $3,080. What is the standard cost for ct materials per bracelet? a. $338.20 b. $983.20 ?. $890.80 d. $245.80 24. James Bruce is the CEO of Bruce Industries. James is interested in purchasing new pollution abatement equipment because the current equipment is outdated and not efficient. The controller of the company has identified equipment that costs $104,110 and will provide annual cash operating inflows of $28,290 for 5 years. The equipment currently being used is 3 years old and could be sold for $2,130. What is the equipment's internal rate of return? (i) Interest rate 6% 8% 10% 12% 15% Type of cash flow Factor Periods PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity PV ordinary annuity 4.21236 3.99271 3.79079 3.60478 3.35216 a. b. ?. d. 8% 10% 12% 15%

Explanation / Answer

1) Rate of return of Common Shareholder - 26%

2) Costing of Bracelet : $983.20

3) Internal Rate of Return -12%

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