Homework answers / question archive / 1)The management of Globe Travel (Pty) Ltd extracted the following information from the accounting records for the financial year ending 30 June 2020: Depreciation R25 000 Administration expenses R220 000 Sales R3 450 000 Sales expenses R180 000 Cost of goods sold R2 550 000 Lease expense R40 000 Interest expense R30 000 Dividends on preference shares R35 000 Dividend per ordinary share ROL50 Number of ordinary shares in issue 900 000 Tax rate 28% Required: Use the information provided to calculate the earnings per share (EPS) and the net profit margin Show all calculations

1)The management of Globe Travel (Pty) Ltd extracted the following information from the accounting records for the financial year ending 30 June 2020: Depreciation R25 000 Administration expenses R220 000 Sales R3 450 000 Sales expenses R180 000 Cost of goods sold R2 550 000 Lease expense R40 000 Interest expense R30 000 Dividends on preference shares R35 000 Dividend per ordinary share ROL50 Number of ordinary shares in issue 900 000 Tax rate 28% Required: Use the information provided to calculate the earnings per share (EPS) and the net profit margin Show all calculations

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1)The management of Globe Travel (Pty) Ltd extracted the following information from the accounting records for the financial year ending 30 June 2020: Depreciation R25 000 Administration expenses R220 000 Sales R3 450 000 Sales expenses R180 000 Cost of goods sold R2 550 000 Lease expense R40 000 Interest expense R30 000 Dividends on preference shares R35 000 Dividend per ordinary share ROL50 Number of ordinary shares in issue 900 000 Tax rate 28% Required: Use the information provided to calculate the earnings per share (EPS) and the net profit margin Show all calculations.

2)Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 47 percent until you retire in 40 years. You believe that interest rates will increase over the next year and you would be offered 5.3 percent per year one year from today. If you plan to deposit $14,500 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit? Multiple Choice $17.620.57

$25,697 24

$482515 524,526.95

$18.419.90 

3)Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 47 percent until you retire in 40 years. You believe that interest rates will increase over the next year and you would be offered 5.3 percent per year one year from today. If you plan to deposit $14,500 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit? Multiple Choice $17.620.57 $25,697 24 $482515 524,526.95 $18.419.90