Answer:
D)$1.32
Explanation:
For computing the earning per share, we need to apply the formula which is shown below:
= (Net income - preference dividend) ÷ (average of outstanding shares)
where,
Average of outstanding shares = (Beginning balance of outstanding shares + ending balance of outstanding shares) ÷ 2
The other items value will remain the same
Now put these values to the above formula
So, the value would equal to
= ($500,480 - 251,003) ÷ {(200,180 shares +180,150 shares ) ÷ 2}
= $249477 ÷ 190165 shares
= $1.32
Answer:
$186,980
Explanation:
the operating income is reduced by $186,980
Answer:
balanced after adjustment $39,000
Explanation:
GIVEN DATA:
uncollectible accounts is $45,000
allowance balance = $6000
The bad debt account is the difference between the calculated ledger balance and actual ledger balanced.
balanced after adjustment can be determined by suing following relation:
Bad debt expense = uncollectible accounts - balance of the Allowance
= $45000 - $6000
= $39,000
Answer:
a.
P = $3.50 per gallon
b.
Equilibrium Quantity = 165 million gallons
Explanation:
a.
The equilibrium price is the price at which Quantity demanded equals quantity supplied. To calculate the equilibrium price using the given equations for demand and supply, we need to equate both equations.
<u>Equilibrium Price (P) calculation</u>
QD = QS
200 - 10P = -10 + 50P
200 + 10 = 50P + 10P
210 = 60P
P = 210 / 60
P = $3.50 per gallon
b.
The equilibrium quantity can be calculated by inserting the value of Price (P) in any of the equation for demand or supply.
Equilibrium Quantity = 200 - 10(3.50)
Equilibrium Quantity = 200 - 35
Equilibrium Quantity = 165 million gallons
