Answer:
(1) The number of shares of common stock that Francis should use in calculating basic earnings per share for 2019 :
= 24000 + 3000 + 2000
= 29000
(2) Basic EPS for 2019
EPS = net income / outstanding shares
= 72500 / 29000
= 2.5
(3) Diluted EPS for 2019
Diluted EPS = (net income - preferred stock dividned )/ (Common Shares Outstanding + Unexercised Employee Stock Options + Convertible Preferred Stocks + Convertible Debt + Warrants)
= 72500/(29000+ 2500 + 250 )
= 2.28
Answer:
Explanation:
The journal entries are shown below:
1. Raw material inventory A/c Dr $81,000
To Accounts payable A/c $81,000
(Being the raw material is purchased on account)
2. Work in process inventory A/c Dr $66,000
Manufacturing overheads A/c Dr $6,000
To Raw material inventory A/c Dr $72,000
(Being the use of the material is recorded)
Tactical managers are often known as the middle manager.
Manager in the middle. Middle-level managers are superior to front-line managers and team leaders. They are responsible for transforming the basic goals and plans set by strategic managers into more particular objectives and activities. They are also known as tactical managers.
Furthermore, the middle manager serves as a communication conduit inside the business, relaying significant leadership decisions and the organization's principal goals to lower-level personnel. This adds to greater worker collaboration and makes a firm more cohesive.
Therefore, the answer is middle manager.
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Answer:
The correct answer is letter "B": Entity.
Explanation:
The Accounting Entity principle or Economic Entity principle states that a commonly co-owned group of businesses can entitle to be a single entity with the purpose to generate a consolidated financial statement. A business entity could be considered to be a sole proprietorship, partnership, or corporation.