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Zarrin [17]
3 years ago
5

Which statement is FALSE? Select one: a. Diluted EPS is never higher than Basic EPS b. Use of the "Treasury Stock Method" determ

ines the effect of convertible bonds on Diluted EPS c. Bond interest expense is the cash interest paid plus the discount amortized that period d. Bond interest expense is the cash interest paid less the premium amortized that period
Business
1 answer:
7nadin3 [17]3 years ago
6 0

Answer:

big pp

Explanation:

very small pp

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All of the following statements regarding the double-entry system are true except:__________. 1. both sides of the accounting eq
Gennadij [26K]

Answer: both sides of the accounting equation must be affected when recording a transaction using the double-entry system

Explanation:

The double entry principle states that for every financial transaction that takes place, there will be an opposite and equal effects in two different accounts at least. It simply implies that there for every transactions that happens, there are two entries which are the credit entry and the debit entry.

In a double entry principle, the addition of all the debits to the accounts must be thesame as the addition of all credits.

Option A which states that both sides of the accounting equation must be affected when recording a transaction using the double-entry system isn't correct. Both side of the accounting equation aren't affected.

6 0
3 years ago
Fabiola, who lives in mexico city, fills her car with gas, paying 357 pesos for 40.0 l. what is her fuel cost in dollars per gal
77julia77 [94]

Answer:

Fabiola pays 27.0963 dollars for 8.79877 gallons of fuel.

Step-by-step explanation:

We are given that,

Fabiola pays 357 pesos for 40 liters of fuel.

It is required to convert the amount in dollars.

Since, we know that,

1 peso = 0.0759 dollars

So, 357 pesos = 0.0759 × 357 = 27.0963 dollars

Moreover,

1 liter = 0.219969 gallons

So, 40 liters = 0.219969 × 40 = 8.79877 gallons

Thus, we get that,

Fabiola pays 27.0963 dollars for 8.79877 gallons of fuel.

4 0
3 years ago
Read 2 more answers
A best-seller novel sells for $28 in hardback edition and $12 in a paperback edition. a book store's sales of both editions tota
Mekhanik [1.2K]
The number of each type of book is what is unknown, so we can represent those quantities with variables. Let x = the number of hardbacks and y = the number of paperbacks. Then we know that: x + y = 65 (the total number of books sold) We also know the total cost of both editions, which is $1356. It can be written algebraically as: 28x + 12y = 1356 We now have a system of two equations, which can be solved by substitution. It would be easier to solve the first equation for either x or y and substitute that into the second equation. 
6 0
3 years ago
Assume Maine Line Railway is considering hiring a reservations agency to handle passenger reservations. The agency would charge
inna [77]

Answer:

$214,000

Explanation:

The total reservation cost per month is given by the following expression:

R = \$14,000+\$1*n

Where 'n' is the number of monthly reservations.

If there are 200,000 reservations for passengers taking a trip next month, the reservation cost is:

R = \$14,000+\$1*200,000\\R=\$214,000

Total reservation cost is $214,000.

7 0
3 years ago
Read 2 more answers
8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,0
Finger [1]

Answer:

Results are below.

Explanation:

<u>First, we need to determine the production budget using the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Quarter 1:

Production= 10,000 + (0.25*12,000) - 2,500

Production= 10,500

Quarter 2:

Production= 12,000 + (0.25*14,000) - 3,000

Production= 12,500

Quarter 3:

Production= 14,000 + (0.25*16,000) - 3,500

Production= 14,500

Quarter 4:

Production= 16,000 - 4,000

Production= 12,000

<u>Now, the direct material purchase budget:</u>

Purchases= production + desired ending inventory - beginning inventory

Quarter 1:

Purchase= 10,500*4 + (12,500*0.1) - 4,200

Purchase= 39,050 pounds

Quarter 2:

Purchase= 12,500*4 + (14,500*0.1) - 1,250

Purchase= 50,200 pounds

Quarter 3:

Purchase= 14,500*4 + (12,000*0.1) - 1,450

Purchase= 57,750 pounds

Quarter 4:

Purchase= 12,000*4 - 1,200

Purchase= 46,800 pounds

3 0
2 years ago
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