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4 years ago

Flintlnc. provided the following information for the year 2017.

Business

1 answer:

gtnhenbr [62]4 years ago

8 0

Answer: See explanation

Explanation:

1. Prepare a single-step income statement for 2017. Shares outstanding during 2017 were 100,000. (Round earnings per share to 2 decimal places, e.g. $1.48.)

The income from continuing operations for earnings per share was calculated as:

= 285000/100000

= $2.85

The loss on discontinued operations was calculated as:

= 35190/100000 shares

= 0.35

Check the attachment for the solution.

2. Prepare aretained earning statement for 2017. Shares outstanding for 2017 were 100000.

Check the attachment for the solution

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A technical analyst has been charting the price movements of ABC stock. The stock has been fluctuating in price between $63 and

bogdanovich [222]

Answer:

The trader should orders to buy ABC stock or take a long position to the stock.

Explanation:

The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.

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4 years ago

The upward slope of the supply curve reflects the

elena-s [515]

Answer:

b. principle of diminishing marginal productivity

Explanation:

c) The relationship for the supply curve between price and quantity is directly related. Suppliers are more willing to produce at higher prices.

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3 years ago

Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following i

Alex Ar [27]

Answer:

Aaron Company

a. Weighted-average

Equivalent units of production Units Materials Conversion

Units transferred to Finishing 630,000 630,000 (100%) 630,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 630,000 678,000

b. FIFO:

Equivalent units of production Units Materials Conversion

Work in process, March 1 150,000 0 60,000 (40%)

Units started and completed 480,000 480,000 (100%) 480,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 480,000 588,000

c. The change will reduce the unit costs of units transferred to finished goods in March.

Explanation:

a) Data and Calculations:

Work in process, March 1 (60% complete as to conversion costs) 150,000

Units started in March 600,000

Units transferred to Finishing Department in March 630,000

Work in process, March 31 (40% complete as to conversion costs) 120,000

a. Weighted-average

Equivalent units of production Units Materials Conversion

Units transferred to Finishing 630,000 630,000 (100%) 630,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 630,000 678,000

b. FIFO:

Equivalent units of production Units Materials Conversion

Work in process, March 1 150,000 0 60,000 (40%)

Units started and completed 480,000 480,000 (100%) 480,000 (100%)

Work in process, March 31 120,000 0 (0%) 48,000 (40%)

Equivalent units 480,000 588,000

c. If the estimated completion for ending work in process is changed to 60% from 40%, the equivalent units of production for materials will increase by 120,000. This increase will also increase the cost of ending work in process and reduce the unit costs transferred to finished goods in March.

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3 years ago

You contacted your stock broker this morning and placed an order to sell 300 shares of a stock that trades on the nyse. this sal

Zarrin [17]

Answer:

Secondary Market

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3 years ago

Drag the tiles to the correct boxes to complete the pairs.

iVinArrow [24]

Answer:

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Explanation:

A capital gain is a financial term that is most often captured on tax returns when money is made above the face value or declared value of an asset or property that is sold.

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