Answer:
$3.12
Explanation:
For expansion:
EBT = EBIT - Interest
= [6,000 + (30% × 6,000)] - $0
= $7,800
Net income = EBT - Tax
= $7,800 - $0
= $7,800
Earning per share for the case of strong expansion period before any debt is issued:
= Net income ÷ Number of shares outstanding
= $7,800 ÷ 2,500
= $3.12
Deposit - $10,000
Retains - 20%
How much is needed to cover the withdrawals?
($10,000)(.20) = $8,000
$8,000 is what the bank would retain to cover withdrawals.
Answer:
True
Explanation:
Dylan's alteration of the contract terms automatically discharges (terminates) the contract, since the consideration was changed. Dylan's consideration remained the same, providing some set of weights, but Tiffany's consideration was wrongfully and illegally changed by Dylan($18,000 instead of $10,000), so the contract is terminated.
Answer: The answer is as follows:
Explanation:
Given that,
Cash = $16,000
Inventory = $16,000 fair value (inside basis $8,000)
Accounts receivable with a fair value = $8,000 (inside basis of $12,000) to Daniela
Daniela's basis = $20,000
JRD basis = cash + inventory + accounts receivables
= 16,000 + 2,000 + 2,000
=$20,000
Out of $20,000,
Pending amount for inventory and accounts receivable allocation:
= JRD basis - Cash basis
= $20,000 - $16,000
= $4,000
This pending amount is allocated equally among the inventory and accounts receivable i.e, $2,000 is allocated to inventory and $2,000 is allocated to accounts receivable.
It should be noted that overhead application is the process of assigning manufacturing overhead cost to jobs.
<h3>What is overhead application?</h3>
This can be regarded as the phenomenon which involves giving task of manufacturing overhead cost out.
Learn more about overhead application at;
brainly.com/question/3815064