Answer:
Net income = $76,000
Earning per share (EPS):
Income from continuing operations per share = $4.40 per share
Loss from discontinued operations per share = -$3.64 per share
Net Income per share = $0.76 per share
Explanation:
Note: See the attached excel file for the income statement.
Also Note: Two years (2016 and 2018) were mistakenly mentioned in the question instead of just one of them. I therefore picked 2016 to prepare the income statement.
In the attached excel file, the earning per share (EPS) is calculated as follows:
Number of shares outstanding = 100,000 shares
Income from continuing operations per share = Income from continuing operations / Number of shares outstanding = $440,000 / 100,000 = $4.40 per share
Loss from discontinued operations per share = Loss from discontinued operations / Number of shares outstanding = -$364,000 / 100,000 = -$3.64 per share
Net Income per share = Net Income / Number of shares outstanding = $76,000 / 100,000 = $0.76 per share
I would say thats a business operations need!
Hope this help! :)
Answer:
The correct answer is: Chase strategy.
Explanation:
The chase strategy is a production planning approach that consists in producing according to the demand level of the market. Industries implementing this practice work based on orders. <em>As soon as they receive an order they start processing the goods and once the production is over, the operations stop.</em>
<em>This strategy is helpful while saving inventory costs and is mostly used by perishables industries that cannot afford the risk of loss or unsold products.</em>
Answer:
<u>Net Income $ 494,000</u>
Explanation:
Cullumber Inc.
CVP income statement
For the Quarter Ended March 31, 2020.
Sales of $2,300,000
Variable
Cost of goods sold $941,000
Selling expenses 104,000
Administrative expenses 108,000
Total Variable Expenses $1153,000
Contribution Margin $ 1147,000
Fixed
Cost of goods sold $474,000
Selling expenses 77,000
Administrative expenses 102,000
Total Fixed Costs $ 653,000
Net Income $ 494,000
