Q2. On 1 July 2020 Farfalle plc had 5 million 1 ordinary shares in issue. On...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Q2. On 1 July 2020 Farfalle plc had 5 million £1 ordinary shares in issue. On 1 September 2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An ordinary dividend of £1.8m was paid. (i) Calculate the earnings for year ended 30 June 2021 (1 mark) (ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pence (3 marks) Q2. On 1 July 2020 Farfalle plc had 5 million £1 ordinary shares in issue. On 1 September 2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An ordinary dividend of £1.8m was paid. (i) Calculate the earnings for year ended 30 June 2021 (1 mark) (ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pence (3 marks)
Expert Answer:
Answer rating: 100% (QA)
O As we know that Earnings Brofit after tax 38M 18M ... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
Students also viewed these accounting questions
-
The following data (in millions) is taken from the financial statements of Williams- Sonoma for the years ending 2007 and 2006: (a) Determine the amount of change (in millions) and percent of change...
-
The following information is taken from the 2010 general ledger of Pierzynski Company. InstructionsIn each case, compute the amount that should be reported in the operating activities section of the...
-
The following information is taken from the 2012 general ledger of Mathias Company. InstructionsIn each case, compute the amount that should be reported in the operating activities section of the...
-
In September, Larson Inc. sold 45,000 units of its only product for $438,000, and incurred a total cost of $405,000, of which $43,000 was fixed costs. The flexible budget for September showed total...
-
We want to know which of two types of filters should be used. A test was designed in which the strength of a signal could be varied from zero to the point where the operator first detects the image....
-
Earth can be described as a three-part energy system. Explain. What is meant by the term equilibrium surface temperature?
-
Is outsourcing by U.S. firms to foreign countries beneficial to the U.S. economy? Weigh the pros and cons, and offer your conclusions.
-
Rishi Singh has $1,500 to invest. His investment counselor suggests an investment that pays no stated interest but will return $2,000 at the end of 3 years. a. What annual rate of return will Rishi...
-
21 Select the correct answer from the drop-down menu. Heavy Metal Microbial Contamination Microbial Contamination Microbial Contamination Contamination from E coll from Staphylococcus from...
-
Sparky's Amusement Park is an entertainment park run by recent college graduates. It caters to young people and others who are young at heart. The owners are very interested in applying what they...
-
A particle of mass m is initially at rest at the origin. It is subjected to a force and starts moving along the x- axis. Its kinetic energy K changes with time as dK/dt = yt, where y is a positive...
-
A company manufactures two products: Product A and Product B. The sales price per unit of Product A is $180 and the variable costs per unit of Product A is $90. The sales price per unit of Product B...
-
Bartolo Delivery has two divisions, air express and ground service, that share the common costs of the company's communications network, which are $8,300,000 a year. You have the following...
-
compute the ending in inventory at may 31 and cost of goods sold using the FIFO and LIFO method . prove the amount allocated to cost of goods sold under each method. June 1 inventory 200 $5 $1000 12...
-
Assume , XYZ Ltd. has started its business of manufacturing cell-wire on 1st April 2018 with an equity capital of INR 50 lakh and debt capital of INR 25 Lakh @15% per annum from an investment bank....
-
Dunkin' Donuts uses Proctor & Gamble as an strategic alliance to sell packaged coffees on supermarkets selfs. Could Dunkin' Donuts use strategic alliances to even better advantage than it does now?...
-
8:45 PM 9% Expert Q&A Done CASE STUDY Harold Cooper, aged 34, has accepted the position of Vice President for marketing at Incorporated Engineering. He has received a copy of his employee benefits...
-
In 1995 Miguel purchased a home for $130,000. In 2000 he sold it for $170,000 and immediately purchased another one for $180,000, which he sold in 2007 for $235,000. How much taxable capital gain, if...
-
Belle Cosmetics Company is planning a one-month campaign for June to promote sales of one of its two cosmetics products. A total of $120,000 has been budgeted for advertising, contests, redeemable...
-
Gwen Delk and Alliesha Johnson decide to form a partnership by combining the assets of their separate businesses. Delk contributes the following assets to the partnership: Cash, $13,000; accounts...
-
The debits and credits from two transactions are presented in the following customer account:NAME Airwave Communications Inc.ADDRESS 76 Oak Ridge Rd. Describe each transaction and the source of...
-
Data for the Frank B. Robinson Company are presented in PI2-5B. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for...
-
P12-8B Data for Bruce Willis Company is presented in P12-7B. Further analysis reveals the following. 1. Accounts payable relates to merchandise creditors. 2. All operating expenses, except...
-
The financial statements of Bruce Willis Company appear below. Additional information: 1. Plant assets were sold at a sales price of \($37,500\). 2. Additional equipment was purchased at a cost of...
Study smarter with the SolutionInn App