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4 years ago

The following information pertains to Obama Company's outstanding stock for the year just ended:

Business

1 answer:

dem82 [27]4 years ago

7 0

Answer:

45,000 shares

Explanation:

The computation of the number of shares computed for the basic earning per share is shown below:

= shares outstanding as on Jan 1 + 2 for 1 stock split as on Jan 4 + shares issued as on Jan 7

= 20,000 shares + 20,000 shares + {10,000 shares × 6 months ÷ 12 months }

= 20,000 shares + 20,000 shares + 5,000 shares

= 45,000 shares

The 6 months are calculated from Jan 1 to July 1

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Otto is one of many employees working from home. Because his home is located in a rural area, the only form of connectivity avai

slega [8]

Given that the only type of connectivity that they have is a dial upo, it would be necessary for the IT department to set up a remote access network.

<h3>What is a remote access network?</h3>

This type of network is the type that gives the ability to use the system or a given network even tough one is not present at the time.

This is a network that allows one to work while thaey are offline. This type of network would be good for Otto.

Read more on computer networks here: brainly.com/question/1167985

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2 years ago

Breed Products has performed extensive studies on its costs and production and estimates the following annual costs based on 150

mafiozo [28]

Answer:

(a) $8.20

(b) $1,125,000

Explanation:

(a) Unit selling price:

= (Total cost incurred + Desired profit) ÷ Number of units sold

= ($630,000 + $600,000) ÷ 150,000

= $8.20

(b) Profit = Dollar sales - Variable cost - Fixed cost

($ sales × 20% profit) = $ sales - ($ sales × 60%) - $225,000

($ sales × 20% profit) = ($ sales × 40%) - $225,000

$225,000 = ($ sales × 40%) - ($ sales × 20% profit)

$225,000 = ($ sales × 20%)

Dollar sales = $225,000 ÷ 20%

= $1,125,000

= Dollar sales ÷ Selling price per unit

= $1,125,000 ÷ $9

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4 0

3 years ago

Am I correct? if not lmk the answer please

Vlad [161]

A focus group is a common qualitative research technique used by companies for marketing purposes. It typically consists of a small number of participants, usually about six to 12, from within a company's target market. So yes your right

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3 years ago

After these closing entries what will be the balance in the retained earnings account? Total Revenues $ 125,000 Total Expenses 6

WINSTONCH [101]

Answer:

$10,000

Explanation:

Given the data above,

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4 years ago

Besides not being required, why do you think a company would choose to report or not report a gross profit line? Why do you thin

aleksley [76]

Answer:

Gross profit = net sales revenue - cost of goods sold. But what happens when your company doesn't sell any goods, specially if they only sell services and it is impossible to determine the COGS.

This is basically an accounting issue since the IRS defines COGS as:

The cost of products or raw materials, including freight
Storage
Direct labor costs (including contributions to pensions or annuity plans) for workers who produce the products
Factory overhead the cost of inventory items sold

So if your company doesn't sell any items from inventory, the IRS will not consider that your company incurred in COGS.

Reporting COGS is very useful for deducting business expenses, but it is not mandatory. Also, any expenses deducted as COGS cannot be deducted again as any other type of cost. So it is simply an accounting practice that helps certain industries to report their business expenses more clearly and in an orderly manner. But if it is too complicated to determine your company's COGS, then you can report your expenses in other ways and reduce your problems.

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4 years ago