Capital of Great India Ltd. comprise 1,000 6% participating preference shares of (10) Rs. 100 each and 4000 equity shares of Rs. 100 each fully paid. Preference shares are entitled to participate in profits to the extent of 4% after payment of an equity
dividend of 10%. Balance of profit is available for equity shareholders. The Company’s normal profit (Less tax) is Rs 75000. Normal Rate of dividend to this
type of Company is 8% on participating preference shares and 10% on equity
shares. Determine the value of each type of shares on the basis of Dividend Yield Method.

Why has the free enterprise system been modified to include some government intervention?

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is:

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine