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lukranit [14]
2 years ago
4

Paul Corporation reported net income of $260,000 during the current calendar year. The company had 10,000 common shares outstand

ing on January 1 and sold an additional 6,000 shares on July 1. What is the company’s basic EPS? (Round your answer to 2 decimal places.)
Business
1 answer:
serg [7]2 years ago
8 0

Answer:

The formula for eps is net income/ Average no of shares.

The net income for the company is 260,000

In order to find the average no of shares we need to find the weightage of the no of shares as to how many months of the year were the shares outstanding.

So the company had 10,000 shares from the beginning of year till the end of the year so its weightage is 12/12= 1

The company issues 6,000 share on July so they were outstanding for 6 months so the weightage for these shares were 6/12= 0.5.

In order to find the average number of share we will multiply the weightages by the no of shares and add them so

1*10,000 +

0.5*6,000

=13,000

So Net income was 260,000 and average no of shares were 13,000

EPS=260,000/13,000= 20

The EPS was $20 per share

Explanation:

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Ellis Television makes and sells portable televisions. Each television regularly sells for $210. The following cost data per tel
Mumz [18]

Question

Ellis Television makes and sells portable televisions. Each television regularly sells for $210. The following cost data per television is based on a full capacity of 10,000 televisions produced each period.

Direct material - $80

Direct Labour  -$60    

Manufacturing overhead(70% variable, 30% unavoidable fixed cos)  -$40

A special order has been received by Ellis for a sale of 2,000 televisions to an overseas customer. The only selling costs that would be incurred on this order would be $6 per television for shipping. Ellis is now selling 6,000 televisions through regular channels each period. What should be the minimum selling price per television in negotiating a price for this special order?

Answer:

The minimum selling price = $174.

Explanation:

The minimum selling price to be acceptable for the special order be the same as the relevant variable cost of producing a unit.

The relevant variable cost = marginal cost of a unit

Marginal cost = Direct material  + Direct labour + Variable manufacturing overhead + shipping cost

Marginal cost =  80 + 60 + (70%× 40) + 6

                      = 174

The minimum selling price = $174.

Note : The 30% balance of manufacturing overhead which represents unavoidable fixed costs is irrelevant for this decision. These are costs that would be incurred either way whether or not the special order is accepted.

8 0
2 years ago
An effective proposal should do all of the following except Group of answer choices showcase the writer's expertise and build cr
HACTEHA [7]

Answer:

The answer to this question is C. analyze findings, draw conclusions, and make recommendations intended to solve a problem.

Explanation:

A proposal is a plan or suggestion, especially a formal or written one, put forward for consideration by others. It is a write up that shows the intention of a writer and one seeks approval from others.

An effective proposal must showcase the writer's expertise and build credibility, get the reader's attention. analyze findings,  emphasize how the writer's methods and products will benefit the reader.

However a proposal is not a research work, therefore it should not include analysis of findings, drawing of conclusions and making recommendations intended to solve a problem.

Hence the right answer is C. analyze findings, draw conclusions, and make recommendations intended to solve a problem

3 0
2 years ago
Legal action against a company may likely NOT be incurred when ________. a. employees incur injuries during training conducted b
Black_prince [1.1K]

Answer:

c) the company uses small amounts of copyrighted material

Explanation:

According to the fair use doctrine, the government of the US permits uses of the copyrighted material if the amount of copyrighted material is in very small amount and also does not constitutes to unfair advantage over the company which has copyrighted the material formula. Whereas on the other hand, the employer will face legal action if the employee faces any injury at work and this is well addressed in employees right act.

Furthermore, age descrimination is a illegal act so the company will again face legal actions in this case too.

7 0
2 years ago
Pleiss Corporation applies manufacturing overhead to products on the basis of standard machine-hours.
Zigmanuir [339]

Answer:

$24 favorable

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual machine hours - standard machine hours) × variable overhead per hour

where,  

Actual machine hours is 2,270 machine hours

The standard machine hours is 2,280 hours and the standard variable manufacturing overhead rate is $2.40

Now put these values to the above formula  

So, the value would equal to

= (2,270 hours - 2,280 hours) × $2.40

= $24 favorable

3 0
2 years ago
Identify: What were the four themes that emerged as a result of the StageofLife.com writing contest that
marishachu [46]
Themes were money and how it effected the teens
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