Cavendish Ltd Has 2 000 000 Ordinary Shares on Issue

question 43

Multiple Choice

Cavendish Ltd has 2 000 000 ordinary shares on issue at the beginning of the year,1 July 2014.These shares were issued at $2.00 each and at the end of the period have a current market value of $4.50.On 1 August 2014,Cavendish Ltd bought back 300 000 ordinary shares originally issued at $2.50 for $3.00 each.On 1 November 2014,800 000 shares were issued fully paid up at the current market value of these shares.On 1 March 2015,300 000 partly paid-up ordinary shares were issued at an issue price of $3.50.These shares were partly paid to $2.00.The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price. For the year ended 30 June 2015,the net income after tax was $1 050 000.
What are the basic earnings per share for Cavendish Ltd for the year ended 30 June 2015?

• A) $0.24
• B) $0.45
• C) $0.46
• D) $0.49

Identify the symmetrical properties of normal distributions.

Grasp the significance of different z-score values within the standard normal curve.

Understand the application of normal distributions in the context of research and hypothesis testing.

Differentiate between different measures of central tendency and variability in distributions.

---

Definitions:

Continuous Improvement

An ongoing effort to improve products, services, or processes by making small, incremental improvements over time.

Business Practices

Business practices encompass the methods, strategies, and procedures adopted by a company to conduct its business and pursue its goals.

Financial Accounting

The field of accounting focused on the preparation of financial statements for external stakeholders, adhering to standardized guidelines to accurately reflect a company's financial condition.

Managerial Accounting

The field of accounting focused on providing financial information within a company to assist in decision-making and budget management.