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Crazy boy [7]
3 years ago
12

Gallant Company reported net income of $2,500,000. The income statement included one extraordinary item: a $500,000 gain from co

ndemnation of land and a $200,000 loss on discontinued operations, both after applicable income tax.
There were 100,000 shares of $10 par common stock and 40,000 shares of $4 preferred stock outstanding throughout the current year.
Required: Prepare the earnings per share section of Gallant Company
Business
1 answer:
Zepler [3.9K]3 years ago
7 0

Answer:

Explanation:

Income from contunuing operations:

Net income 2,500,000

Less: gain from condemnation of land 500,000

Add: loss on discontinued operations 200,000

Income from contunuing operations 2,200,000

Earcnings per common share [(2,200,000-160,000)/100,000]

EPS Income statement

Earcnings per common share $20.40

Less: loss on discontinued operations $2 (200,000/100,000)

Add: gain from condemnation of land $5 (500,000/100,000)

Net income $23.40

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Answer:

The correct answer is: False.

Explanation:

To begin with, the name of <em>"Business Impact Analysis"</em> or BIA, in the field of business, refers to the strategy or process that focus on the analysis of the organization when an emergency happens and to see how that surprise event has affected the company's operations. So that is why that this method determines and evaluates all the potential effects that the disaster had on the structure of the organization and how that impact could be resolve by the managers and the whole crew of employees.

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A regional trucking company landed a contract to supply products for a major retailer. To do this, it needs to hire an IT profes
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Answer: • set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

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Explanation:

The options include:

a. Set up the computer hardware for the database

b. Set up the computer software for the database

c. train designated employees to use the database

d. Design a help page to show people how to use the database

e. protect the confidentiality of the database

Since the new hire is an IT professional who is employed to create a shipment database, the individual should be able to:

• set up the computer hardware for the database.

• Set up the computer software for the database.

• train designated employees to use the database

• protect the confidentiality of the database

7 0
3 years ago
Why do firms assess their sourcing capabilities?a. They can easily spot suppliers who are not practicing sustainable sourcing pr
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The answer is c. They can gauge their success in improving their own value-enhancing contributions to the firm

8 0
3 years ago
1. Greet the customer and thank them for contacting our company
Yakvenalex [24]

In order to convey messages to customers in both a casual and professional voice, you need to include planned and clear sentences.

<h3>How would the message be conveyed both informally and formally?</h3>

A good reference point for communicating the above informally and professionally is:

  1. Good afternoon, my name is William Warwick. Thank you for contacting (company name). How may I be of service?
  2. We sincerely apologise but due to a storm on the East Coat, our logistics services have taken a hit which has resulted in several orders including yours, being delayed.
  3. We deeply apologise for any inconvenience caused and want you to know that we are working round the clock to fix things.
  4. If you require further assistance, don't hesitate to reach us at 555-555-5555 from Monday to Friday between the hours of 8am to 8pm.
  5. Thank you for calling (company name). Do have a pleasant day.

The first part of the question is:

Please communicate the following information to the customer in both a casual voice, and a professional voice.

Find out more on customer communication at brainly.com/question/26448585.

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6 0
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Answer:

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Stocks would give Kenji partial ownership of the firm. The amount of ownership demends of how many stocks he buys.

If NanoSpeck runs into financial difficulty, people that hold bonds will be paid first than people who hold stocks. Bonds, contraty to stocks, are liablities, not equity, and when a company declares bankruptcy, it has to pay liablities first, and if there is any money left, it then pays to stockholders.

A) Untrue - If Kenji buys stocks from another stockholder, the revenue goes to the stockholder, not to NanoSpeck.

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C) True - If the market considers that NanoSpeck is in a healthy financial position, then, the Nano Speck stocks that Kenji holds will likely rise in value.

Explanation:

5 0
3 years ago
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