Answer:
$1.12
Explanation:
Basic earnings per share is the standard calculation of the portion of a company's income that is earned or returned on one share of its common stock.
The formula for Basic Earnings Per Share is = Net Profit - Preference Dividend / Weighted Average Number of Shares
Weighted average number of shares can be obtained by multiplying the number of outstanding shares by the portion of the reporting period those shares covered.
Therefore applying the above to the scenario we have: 2000000/ [1500000+(500000*7/12)] = 2,000,000/1,791,667 = $1.12
<u>Solution and Explanation:</u>
<u>Cost of goods sold section :</u>
Beginning inventory, September 1, 2013 24350
Purchase 203160
Less: Purchase return and allowance -8250
Net purchase 194910
Add: Freight in 9080
Cost of goods purchased 203990
Cost of goods available for sale 228340
Less: Inventory august 31,2014 -24300
Cost of goods sold 204040
<u>Note: N</u>et purchases are calculated after deducting purchase return and allowances from the purchase. For calculating the cost of goods purchased, freight in is to be added.
Answer: bearer instrument
Explanation:
Bearer instrument is an instrument that is payable to cash or to whomever may have possession of the instrument. The bearer instrument is also referred to as the bearer bond.
It is a security whereby there is no record of ownership information and the security is typically issued to the purchaser in physical form and whoever holds it is believed to be the owner.
<u>Multinational corporations</u> move resources, goods, services, and skills across national boundaries without regard to the country in which they are headquartered.
Multinational corporations:
What do multinational firms mean?
Any company that is registered and conducts business in more than one nation at once is referred to as a multinational corporation (MNC), sometimes known as a transnational corporation. The corporation typically operates totally or partially owned subsidiaries in other nations while having its headquarters in one particular nation.
MNCs provide their goods and services in many different nations, necessitating global management. Multinational companies have many assets, a high rate of turnover, and aggressive marketing. The MNCs in India include LTI, TCS, Tech Mahindra, Deloitte, and Capgemini, to name a few.
Learn more about multinational corporation here:
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Answer:
$400,000
Explanation:
total variable manufacturing overhead = sum of total machine hours required during the year x variable manufacturing overhead rate per machine hour
= (35,000 hours + 20,000 hours + 15,000 hours + 30,000 hours) x $4 per machine hour = 100,000 machine hours x $4 per machine hour = $400,000
total fixed manufacturing overhead = $50,000 per quarter x 4 quarters = $200,000