Answer:
Earnings Per share = $0.83
Diluted Earnings per share = $0.71
Explanation:
Basic Earnings per share is how much each common stock share earns in profits and Diluted Earnings includes the options and bonds in its calculations for outstanding shares
formulas
Earnings Per share = (net income - Preferred stock dividends)/ outstanding number of shares
= $150/180
= $0.83
Diluted Earnings per share = (net income - Preferred stock dividends)/ outstanding number of shares
= $150/210
= $0.71
Outstanding number of shares in millions
opening 200
minus treasury stock - 24
issued stock 4
Basic outstanding shares = 180 shares
plus share Options 30
Diluted shares 210
Answer:
Given that,
Sales discount forfeited = $600
Cost of goods sold = $13,000
Other expenses = $4,100
Expenses accounts:
= Cost of goods sold + Other expenses
= $13,000 + $4,100
= $17,100
Therefore, the second entry in the closing process is as follows:
Income summary A/c Dr. $17,100
To Cost of goods sold $13,000
To other expenses $4,100
(To record the closing entry)
Answer:
Answer in this case will be 39 months
Explanation:
In given data estimated negative cash flow from operation is (155,000), this is assumed that there will not be any cash flow from investing or financing activities.
data given for accounts receivable and inventory is irrelevant since both are part of operating cash flow which is already estimated.
there for closing balance at the end of year is $ 500000 divided by negative cash flow of (150,000) equals to months company will able to continue without positive cash flow or additional financing.
Answer:
Customs Duty is a tariff or tax imposed on goods when transported across international borders. The purpose of Customs Duty is to protect each country's economy, residents, jobs, environment, etc., by controlling the flow of goods, especially restrictive and prohibited goods, into and out of the country.
