Answer:
D)$1.32
Explanation:
For computing the earning per share, we need to apply the formula which is shown below:
= (Net income - preference dividend) ÷ (average of outstanding shares)
where,
Average of outstanding shares = (Beginning balance of outstanding shares + ending balance of outstanding shares) ÷ 2
The other items value will remain the same
Now put these values to the above formula
So, the value would equal to
= ($500,480 - 251,003) ÷ {(200,180 shares +180,150 shares ) ÷ 2}
= $249477 ÷ 190165 shares
= $1.32
Answer:
B. total revenue will decrease.
Explanation:
The initial revenue for breakfast cereal is given by the product between the price of cereal (P) and the demanded quantity (D):
After a 25% decrease in price and a 20% increase in demand, the new revenue will be:
The new revenue is 90% of the original revenue; therefore, total revenue will decrease.
Answer:
(D) $4,055
Explanation:
To find the adjusted book balance, we need the ending balance of the cash book:
Book balance $4,725
Less: bank service charges (25)
Less: EFT (380)
Less: NSF check returned by bank (265)
<em>Adjusted book balance</em> <u>$4,055</u>
Since bank service had been deducted from the bank, Maxis clothing had to deduct the same amount. When bank deducts any money, generally it notifies through text message or sometimes does not notify directly. Therefore, It had to be deducted from the cash book.
Maxi's accounts receivable paid him a check and the firm immediately added the amount to the cash book. When the accountant went for depositing the check, there were not sufficient fund (NSF). Therefore, the amount did not add to the bank balance. Hence, the firm had to deduct it again.
Through Electronic Fund Transfer (EFT), a payment had been made by the bank for Maxi clothing. Since the expense did not deduct from the cash book, the amount had to deduct it to get the adjusted book value.
Answer:
c. tenants by the entirety.
Explanation:
-Community property owners means that a property owned by a married couple is divided equally.
-Joint tenants is an agreement in which two people own a property with the same rights and obligations.
-Tenants by the entirety is an arrangement in which a married couple own a property and the husband or the wife can't sell it without the consent of the other.
-Tenants in common is an agreement in which two or more people own a property and they can have different percentages.
According to this, Kelly and Lon own the lodge as tenants by the entirety.
Answer:
The amount of cash flow from revenue that will appear on the statement of cash flows is $120,000.
Explanation:
the amount pf cash flow from revenue that will appear on the statement of cash flows is $120,000 because irrespective of whether it is collected or not he must consider the full value of accounts receivable and the collection amount out of the account receivable will be adjusted in the cash flow from operating activities.
Therefore, The amount of cash flow from revenue that will appear on the statement of cash flows is $120,000.
