1.) For several years Erben, Inc., has followed a policy of paying a cash divide
ID: 2375885 • Letter: 1
Question
1.) For several years Erben, Inc., has followed a policy of paying a cash dividend of $0.59 per share and having a 7% stock dividend. In the 2011 annual report, Erben reported restated earnings per share for 2009 of $1.23.
Calculate the originally reported earnings per share for 2009. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.)
Calculate the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.)
2.) Concert Hall sells season tickets for six events at a price of $92. In pricing the tickets, the planners assigned the leadoff event a value of $24 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,290 season tickets were sold for the 2010 season.
(a)
Calculate the theater's earned revenue after the first three events have been presented. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount. Omit the "$" sign in your response.)
1.) For several years Erben, Inc., has followed a policy of paying a cash dividend of $0.59 per share and having a 7% stock dividend. In the 2011 annual report, Erben reported restated earnings per share for 2009 of $1.23.
Required: (a)Calculate the originally reported earnings per share for 2009. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.)
Earnings per share for 2009 $ (b)
Calculate the restated cash dividend per share for 2009 reported in the 2011 annual report for comparative purposes. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.)
Dividend per share for 2011 $
2.) Concert Hall sells season tickets for six events at a price of $92. In pricing the tickets, the planners assigned the leadoff event a value of $24 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,290 season tickets were sold for the 2010 season.
Required:
(a)
Calculate the theater's earned revenue after the first three events have been presented. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount. Omit the "$" sign in your response.)
Revenue earned $
Explanation / Answer
your answers are correct
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