Answer:
The earnings per share for Bramble in 2020 is $2.99
Explanation:
This was arrived at by preparing income statement for 2020,where in the results from continued operations and discontinued were shown.
The income from continued operations attracted tax at 35% while the losses from the discontinued operations got a tax benefit at the same 35% tax rate.
Note that the earnings used in calculating earnings per share is net of preferred dividends as only earnings attributable to ordinary shareholders are considered.
Find attached spreadsheet for the full blown income statement and the calculation of earnings per share.
A- Focus Groups. You gotta know how the customers feel
Answer 1) Option B) Shift to the right.
Explanation : If the amount of land available to the company increases, the PPC will shift to the right. As the graph indicates, the PPC will grow by shifting on right side as the company is acquiring more land for building purpose.
Answer 2) Option C) Remain Unchanged.
Explanation : The company realizes it cannot construct any buildings on a portion of the land because it is at risk of a cave-in.
In this case, the PPC will remain unchanged. When the company realizes that no construction can be done on the portion of land because of its hollowness the PPC will remain to be undisturbed.
Answer:
Accounts receivable to be reported at the end of 2019 = $1090000
Explanation:
Assuming that all sales are made on credit.
The opening accounts receivable were = $ 1200000
We add the credit sales made during the year to the opening balance of accounts receivable to reach at total accounts receivable.
Total accounts receivable = 1200000 + 6250000 = 7450000
We deduct the amount received from customers against these sales to reach at the closing balance for accounts receivables.
Closing balance Accounts receivables 2019 = 7450000 - 6360000 = $1090000
Answer: Option D
Explanation: Owners equity refers to the amount of funds made available by the owners to operate the business activities. It includes initial capital invested and profits generated for the period
In the given case, the expense of $800 did not bring any assets or liabilities to the entity. Such an expense will be recorded in income statement leading to decrease in profits, thus, resulting in decrease in owners equity.
