Checkbook
computer software
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
Answer: D. The investor has no tax liability on distributions received, and the investment company has no tax liability on retained income
Explanation:
Municipal Securities are exempt of Federal taxes and this is what makes them most attractive. An investor in a mutual fund which invests solely in municipal securities will therefore not have any tax liability because their returns would be based on securities that are federally tax exempt. The same goes for any income the Mutual fund intends to retain.
Answer:
ROA= 10% TA = 2.000.000
ROA=12% TA = 1.666.667
Reducction in assets 333.333
Explanation:
ROA=Net income/Average Total Assets
ROA = (net income / sales) x (sales / Total Assets)
ROA = Margin x Average total assets
10%=5%X(4000000/TA) 2,0 = 4000000/TA
12%=5%X(4000000/TA) 2,4 = 4000000/TA
ROA= 10% TA = 2.000.000
ROA=12% TA = 1.666.667
Answer:Yes, because even if you have money you will never be able to satisfy all of your wants and must therefore make choices.
Explanation:
Economists say our "want " exceeds our "have" nomatter what the state of economy we find ourselves in but what we want always exceed what we have.
We may accumulate the greatest riches of this world but still we may even desire and want to buy another planet hypothetically speaking.
We are always craving for more than what we have no matter how large or huge what we have is but still our hearts yearns for more than that.
The more wealth we accumulate the more our desires increase because we keep wanting the next thing that is better than what we already have.
