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3 years ago

Flintlnc. provided the following information for the year 2017.

Business

1 answer:

gtnhenbr [62]3 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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Zappos trains, educates, and gives its employees the knowledge to make decisions in the workplace. this philosophy is referred t

Elenna [48]

The philosophy discussed above is called enabling.
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3 years ago

One year ago, Alpha Supply issued 15-year bonds at par. The bonds have a coupon rate of 6.5 percent, paid semiannually, and a fa

Masja [62]

Answer:

option (C) - 6.11%

Explanation:

Data provided :

Coupon rate one year ago = 6.5% = 0.065

Semiannual coupon rate = $\frac{0.065}{2}$ = 0.0325

Face value = $1,000

Present market yield = 7.2% = 0.072

Semiannual Present market yield, r = $\frac{0.072}{2}$ = 0.036

Now,

With semiannual coupon rate bond price one year ago, C

= 0.0325 × $1,000

= $32.5

Total period in 15 years = 15 year - 1 year = 14 year

n = 14 × 2 = 28 semiannual periods

Therefore,

The present value = $C\times[\frac{(1-(1+r)^{-n})}{r}]+FV(1+r)^{-n}$

= $\$32.5\times[\frac{(1-(1+0.036)^{-28})}{0.036}]+\$1,000\times(1+0.036)^{-28}$

= $32.5 × 17.4591 + $1,000 × 0.37147

= $567.42 + $371.47

= $938.89

Hence,

The percent change in bond price = $\frac{\textup{Final price - Initial price}}{\textup{Initial price}}\times100\%$

= $\frac{\textup{938.89-1,000}}{\textup{1,000}}$

= - 6.11%

therefore,

the correct answer is option (C) - 6.11%

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3 years ago

Weiss Lenscorp, a maker of camera lenses, provides a 3-year warranty against defects on all of its products. In fulfilling its w

GuDViN [60]

Answer:

warranty liablity account ending balance: 3,510,000

Explanation:

In total, we expect a warranty expense for 6% for each sale distributed among three years.

For the 32,000,000 million sales for 2019 we expect:

32,000,000 x 6% = 1,920,000 warranty expense.

warranty liaiblity

debit credit

beginning 3,370,000

expenditures 1,780,000

warranty expense <u> 1,920,000</u>

balance 3,510,000

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3 years ago

How does globalization affect your life?

lina2011 [118]

Globalization affects all lives across the world with the world being completely connected by it. All of the points given here are valid.

Explanation:

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3 years ago

Identify an expansionary fiscal policy. increasing personal taxes increasing government spending buying government securities in

Greeley [361]

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3 years ago