QUESTION 4 Which of the following payment types require you to pay upfront?

Ahnberg Corporation had 560,000 shares of common stock issued and outstanding at January 1. No common shares were issued during

AnnyKZ [126]

Answer:

Basic earnings per share = $1.7

Diluted earnings per share = $1.03

Explanation:

Basic earnings per share = (Net Income - preferred dividends)/Weighted average shares outstanding

Basic earnings per share = (1,060,000-108,000)/560,000

Basic earnings per share = $1.7

Diluted earnings per share = [Net Income - preferred dividend]/(outstanding shares+Diluted Shares)

Diluted earnings per share = (1,060,000-108,000) / (560,000+360,000 )

Diluted earnings per share = $1.03

6 0

3 years ago

Marin Corp. factors $441,000 of accounts receivable with Headland Finance Corporation on a without recourse basis on July 1, 202

Kaylis [27]

Answer:

Debit Cash for $406,602; Debit Finance charge for $7,938; Debit Loss on sale of receivables for 26,460; and Credit Accounts receivable for $441,000.

Explanation:

Before preparing the journal entry, the following calculations are made firs:

Finance charge = Percentage of finance charge * Accounts receivable = 1.80% * $441,000 = $7,938

Loss on sale of receivables = Percentage retained * Accounts receivable = 6% * $441,000 = $26,460

Cash = Accounts receivable - Finance charge - Loss on sale of receivables = $441,000 - $7,938 - $26,460 = $406,602

The journal entry will now look as follows:

Date Details Debit ($) Credit ($)

01 Jul '20 Cash 406,602

Finance charge 7,938

Loss on sale of receivables 26,460

Accounts receivable 441,000

(To record factoring of accounts receivable.)

6 0

3 years ago

When cash is received from sales, the change in the owner’s equity is usually recorded.

Vedmedyk [2.9K]

The change in the owner's equity is often documented in a separate revenue account when cash is received from sales.

<h3>What Is Revenue?</h3>

Revenue, which is determined by multiplying the average sales price by the number of units sold, is the money made from routine business operations. It is the top-line (or gross income) figure from which costs are deducted to calculate net income. On the income statement, revenue is referred to as sales.

Revenue is the money that a business generates via its operations. Depending on the accounting method used, there are various methods for calculating revenue. Sales made on credit will be included in revenue for products or services delivered to the client in accrual accounting. Revenue may be recognized in accordance with certain regulations even though payment has not yet been made.

Learn more about revenue with the help of the given link:

brainly.com/question/13595937

#SPJ4

5 0

1 year ago

Follow lockout/tagout procedures in this situation.

77julia77 [94]

Answer:all the above

Explanation:

4 0

3 years ago

When creditors, managers, and investors look at expenses as a percentage of revenue, they are __________.

sineoko [7]

Answer:

Doing a financial statement analysis.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

Financial statement analysis can be defined as the process of analyzing, estimating and reviewing the financial statements of a business firm or organization in order to make better economic decisions and profits in the future.

Hence, when creditors, managers, and investors look at expenses as a percentage of revenue, they are doing a financial statement analysis.

7 0

3 years ago