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vfiekz [6]
3 years ago
6

Richard, an engineer, supervises the construction of a new mountainside roadway. When the road collapses in a landslide due to f

aulty grading, Richard is sued by motorists and hikers injured in the collapse. As a professional, Richard is held to the same standard of care as​
Business
1 answer:
Phoenix [80]3 years ago
4 0

Answer:

Other Engineers.

Explanation:

Richard, an architect, directs the construction of a new highway along the mountainside. When the bridge collapses owing to poor grading in a flood, Richard is charged in the accident by pedestrians and hikers. Richard as a specialist is treated the same way of service as Other Engineers.

Richard has to ensure all safety and the mandatory scientific method to make a strong roadside and try to save herself as other professionals do.

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For 2020, X Company's production budget was 3,500 units of finished product, and the budget for direct material costs was $24,08
Stolb23 [73]

Answer: $24,080

Explanation:

The Static budget is based on a particular level of production and once it is prepared, it does not change even if the assumptions used in the calculation of the budget changes.

In this case, the budgeted direct material cost is $24,080 for a production level of 3,500 units of finished goods. This material cost is therefore based on a certain production level which makes it the static budgeted amount for materials.

3 0
3 years ago
Find the after-tax return to a corporation that buys a share of preferred stock at $49, sells it at year-end at $49, and receive
11111nata11111 [884]

Answer:

$3.5 per share

Explanation:

After tax Return is the actual return that an investor receives from an investment in asset during a specific period of time after deducting the tax. If the investment is made in the stocks, It includes the dividend received and the price change of the stock.

Total return Received = Dividend + Price change = $5 + ($49 - $49 ) = $5

After tax Return = Total return During the period x ( 1 - tax rate)

Rate of Return = $5 ( 1 - 0.3 ) = $3.5 per share

4 0
3 years ago
Ahnberg Corporation had 660,000 shares of common stock issued and outstanding at January 1. No common shares were issued during
frosja888 [35]

Answer:

Basic Earnings per share=$2.70

Diluted earnings per share(EPS)=$1.50

Explanation:

Earnings per share is the total earnings attributable to ordinary shareholders divided by the number of units of common stock .

It represents profit per unit of stock unit held by common stock holder investor. The higher, the more profitable and the better.

Earnings per share = Earnings attributable to ordinary shareholders / units of common stock

Earnings attributable to ordinary shareholders= Net income after tax - preference dividend

Net Income for the year   $1,950,000

Preference Dividend  $168,000

Earnings attributable to ordinary shareholders for 2021= 1,950,000-168,000=1,782,000

Basic Earnings per share=$1,782,000/660,000shares=$2.70

Basic Earnings per share=$2.70

Diluted earnings per share(EPS)=Earnings attributable to ordinary shareholders/ Total number of shares assuming conversion

Diluted earnings per share(EPS)=$1,782,000/(660,000+560,000) units

Diluted earnings per share(EPS)=$1.50

7 0
3 years ago
Assets acquired in a lump-sum purchase are valued based on. Their assessed valuation. Their relative fair values. The present va
Nadusha1986 [10]

Answer:

Their relative fair values

Explanation:

The relative fair value method is mainly used in the determination of straight debt that is similar, warrantee, or tradable options. When different assets have been purchased, it is common for their purchase prices not to separate individually out the total cash that would be paid for these assets. But these assets will be most likely to be depreciated at rates that are not similar. Therefore, the relative fair value method will be the best and most effective technique that would be used in the allocation of total purchase costs for each of the available assets. This technique will depend mainly on the appraised fair market value for the assets being considers. The goal, in this case, is to allocate the total cost of purchasing through the use of relatively reasonable value methods as the main formula.

Asset allocation = (Purchase Cost) * (Asset FMV/Total FMV)

Where FMV is the Fair Market Value

Usually, a lump-sum purchase will occur where different assets have been acquired mainly from a similar price. Therefore, each of these assets will have to be recorded differently (fixed assets), specifically in an accounting record. To this, the purchase price will be allocated among the available assets acquired based mainly on the fair market values. Relative fair market value can be considered as a method of valuations in consideration of the assets of an acquired –business. In this case, a basket purchase price (lump sum) will be allocated to these assets. All the assets will be treated as a group. As a result, the relative fair value can help investors, particularly when it comes to choosing among different investments, particularly those that are available at any given time. The method will look mainly at relevant management, economic data, and footnotes, which are essential in the assessment of value relative of any given stock to its peer.

5 0
3 years ago
4. Super Smarts University has a sticker price of $45,000 per year. Kyle is applying there and uses their online net
Lady bird [3.3K]

Answer: A

Explanation:

8 0
3 years ago
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