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Nata [24]
3 years ago
12

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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Organizing the second level of the Work Breakdown Structure by major design components facilitates rolling wave planning.True /
bazaltina [42]

Answer:

The statement is false

Explanation:

WBS stands for Work Breakdown Structure is the outcome or output that is oriented analysis of the work, comprise in the project and describe the aggregate scope of the project.

It provides the basis for managing as well as planning the schedule of the project and the budget.

And organizing the second level of WBS, states the objectivities of the project, therefore, it does not facilitates the rolling wave planning through the design components.

4 0
3 years ago
Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte
otez555 [7]

Answer:

Answer 1 - increment in money due will go under working exercises and $4000 will be appeared in negative there since it will decrease the money balance  

Answer 2 - issuance of preferred stock will go under financing exercises and since they are giving offers so income will increment by $115 × 10000 = $1150000  

Answer - 3 For devaluation Because we start setting up the announcement of incomes utilizing the overall gain figure taken from the salary explanation, we have to alter the net gain figure with the goal that it isn't diminished by Depreciation Expense. To do this, we include back the measure of the Depreciation Expense. So we have to add $14000 to net gain of $90000  

For bond premium amortization, its recorded in the working exercises area of the announcement of incomes. Under the roundabout strategy, the amortization of security premium is deducted from net gain since it decreases premium cost and, along these lines, expands net gain without a real money inflow.  

Answer - 4 Acquisition of property will go under contributing activities so in the event that we purchase more place where there is $20000, at that point it will lessen the money by $20000

6 0
2 years ago
Read 2 more answers
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Tom [10]

Answer:

$76,260

Explanation:

Calculation to determine the total period cost for the month under variable costing

Using this formula

Total Period cost = Variable selling and administrative cost + Fixed manufacturing overhead + Fixed selling and administrative cost

Let plug in the formula

Total Period cost = ($14 × 1,760) + $18,180 + $33,440

Total Period cost =$24,640+$18,180 + $33,440

Total Period cost =$76,260

Therefore the total period cost for the month under variable costing is $76,260

8 0
2 years ago
A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is calle
Ronch [10]

Answer:

e. Sunk cost.

Explanation:

As per the given statement, the best appropriate option is sunk cost. As the sunk cost deals with the past cost which is already incurred in the past and it cannot be changed or avoided, neither it can be recovered. Example - Rent expense.

Plus it does not affect the future decisions that means it is irrelevant for decision-making aspects.

6 0
3 years ago
what is a graphical representation of the combination of goods and services that can be produced in a situation
Komok [63]

Answer: Production possibility frontier (PPF).


Explanation: PPF is curve on a graph which depicts the situation which you have asked in a question. For your ease i will upload a picture of that curve so that you can understand the answer better. For better understanding the graph below uses the example of Cotton as a good.

3 0
3 years ago
Read 2 more answers
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