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1 year ago

Will shoprite manager makes informed decision

Business

1 answer:

SVETLANKA909090 [29]1 year ago

7 0

Answer:

Yes

Explanation:

Because of he really wants to sees his company growing up to another level

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On June 1, 2015, Ivanhoe Company and Shamrock Company merged to form Bridgeport Inc. A total of 752,000 shares were issued to co

kompoz [17]

Solution:

a-1) Calculation of the number of shares used for calculating Basic Earning per share

No. of shares period

752000 3/12 188000

1314000 9/12 985500

Weighted average No of shares outstanding 1173500

a-2) Calculation of the number of shares used for calculating Diluted Earning per share

No. of shares period

752000 3/12 188000 1314000 3/12 328500 with Bonds 1340400 6/12 670200

Weighted average No of shares outstanding 1186700

Each bonds to per converted into 44 common stock

i.e. 600 Bonds *44 common=26400 Potential equity shares

b-1) Calculation of earning figures to be used for calculating Basic Earning per share

After Tax net Income will be earnings = $1614000

b-2) Calculation of earning figures to be used for calculating Diluted Earning per share

After tax net Income 1614000

Interest for the 2017 =600000*7*6/12 21000

Tax effect on Interest @40% 8400 12600 1626600

Earnings = 1626600

7 0

3 years ago

LO 3.5If a firm has a contribution margin of $59,690 and a net income of $12,700 for the current month, what is their degree of

Mamont248 [21]

Answer:

4.7

Explanation:

The computation of the degree of operating leverage is presented below:

= Contribution margin ÷ Net income

= $59,690 ÷ $12,700

= 4.7

where,

Contribution margin = Sales - Variable costs

And, the net income would be

= Sales - Variable costs - Fixed costs

The net income is also known as earning before interest and taxes

5 0

3 years ago

Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 6,620 Cost of goods sold 4,240 Depreciation 355 Earnings before

Mademuasel [1]

Answer:

1.59 times

Explanation:

Average total assets = Beginning total assets + Ending Total assets / 2

Average total assets = 6,470 + 6,705 / 2

Average total assets = $6,587.5

Beginning Total equity = Common stock + Retained earnings

Beginning Total equity = $3,240 + $3,080

Beginning Total equity = $6,320

Ending Total equity = Common stock + Retained earnings

Ending Total equity= $880 + $1,130

Ending Total equity = $2,010

Average total equity = Beginning Total equity + Ending Total equity / 2

Average total equity = $6,320 + $2,010 / 2

Average total equity = $4,165

Equity multiplier for 2017 = Average total assets / Average total equity

Equity multiplier for 2017 = $6,587.5 / $4,165

Equity multiplier for 2017 = 1.581632653061224

Equity multiplier for 2017 = 1.5816 times

7 0

3 years ago

Production Budget

Yakvenalex [24]

Answer:

Stillwater Designs

<u>Production Budget for S12L7 </u>

For the Year Ended December 31, 20X1

1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr.

Sales 1,120 3,080 7,840 6,440

Desired ending inventory 616 1,568 1,228 252

Total needs 1,736 4,648 9,068 6,692

Less: Beginning inventory (340) (616) (1,568) (1,228)

Units produced 1,396 4,032 7,500 5,464

Stillwater Designs

<u>Production Budget for S12L5 </u>

For the Year Ended December 31, 20X1

1,680

1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr.

Sales 1,820 1,960 7,420 5,460

Desired ending inventory 588 2,220 1,638 504

Total needs 2,408 4,180 9,058 5,964

Less: Beginning inventory (170) (588) (2,220) (1,638)

Units produced 2,238 3,592 6,838 4,326

Explanation:

Production Budget shows the quantities of finished goods that must be produced to meet expected sells plus any increase of inventory levels that might be required.

8 0

3 years ago

Which statement correctly describes the current state of instant messaging in the workplace? Multiple Choice It is an establishe

vfiekz [6]

Answer:

It is a relatively new, undeveloped form of communication in the workplace, and attitudes toward it vary.

Explanation:

4 0

2 years ago