Why might a customer prefer a discount over a sweepstake?

Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are c

S_A_V [24]

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

Download xlsx

5 0

3 years ago

At the end of the year, a company has a balance in Allowance for Uncollectible Accounts of $2,500 (debit) before any year-end ad

Lelu [443]

Answer:

go on mathaway and scan the question it will solve it for you really easy

4 0

3 years ago

art of the negotiation with the investment banker during the selection process has to do with how the investment banker will be

maxonik [38]

A best effort approach, in which the investment banker pledges to do his or her best to sell the shares and will take a small percentage of the sale of each stock

8 0

3 years ago

Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh

Marysya12 [62]

<span>1) - we see here that each college is different, so the answer is that they are not competitive because they are not not homogenous - since they can for example not all offer the same courses 2) This is a monopoly - they have the exclusive right to provide some service! it's not a competetive market (other companies don't have free entry). 3) Here there are not too many sellers - it's just a few companies, so people alsco can't choose from too many options. 4) this is a true competitive market - it has a free entry, many sellers and the product is homogenous!</span>

3 0

3 years ago

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th

Citrus2011 [14]

Answer:

Equivalent units for the month of January is 80,000 units

Explanation:

Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between completed work and work in progress.

Using the FIFO method, to calculate the equivalent units, we follow the principle that units of inventory are to be worked upon based on the principle of first come, first serve. The units of inventory that emerged first are worked upon first and so on in the order of arrival.

Equivalent units = Degree of completion (DOC) (%) × units of inventory

Item Units DOC Workings EU Notes

Opening invento 10,000.00 20% 20%*10000 2,000.00 1

Fully worked 70,000.00 100% 100%*70000 70,000.00 2

Closing WIP 20,000.00 40% 40%*20000 8,000.00 3

80,000

Notes

1. DOC for opening inventory is 100%-80%. Remember that 80% work has been done in the previous period, so the balance is to be done in this current period

2. Fully work represent the units of inventory introduced in the current period and completed in the same period. Meaning 100% work was achieved in theperiod.

3. Closing work is only 40% completed. This represent work started this period but not yet completed.

Equivalent units for the month of January is 80,000 units i.e (2000+70000+8000)

8 0

3 years ago