On January 2,Excelsius Corp Purchased 10,000 Etherovo Corp Common Shares

question 70

Essay

On January 2,Excelsius Corp purchased 10,000 Etherovo Corp common shares at $11 per share plus a $5,200 commission.On August 6,Etherovo Corp declared and paid dividends of $2.10 per share,and on December 31,it reported a profit of $350,000.Assuming Etherovo Corp has 32,000 common shares outstanding.Prepare the necessary entries on the books of Excelsius Corp to account for these transactions.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and interest, have been deducted from total revenue.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in the form of dividends, calculated by dividing total dividends by net income.

Earnings Per Share

A financial metric that measures a company's profitability by dividing its net income by the number of outstanding shares of its common stock.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted; it contributes towards covering fixed costs and generating profit.