Answer: 5.05 per share
Explanation:
.Porter. Street
$,000 $,000
Net income. 264. 236
Less amortization 0. 12
Less Interest. 48. 36
Total. 216. 188
*=. 216+188= 404/80000shasres
=5.05
The parents company Peter fully owns all the share of street which means it takes the whole.profit of street, The consolidation sechdule only takes cognizance of the parents company shares in calculating earning per share and the subsidiary share which is Street it's treated as an investment. The convertible shares are also not taking into consideration since they have not been convert.
Answer:
Net profit= $491,000
Explanation:
An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).
It follows the general structures:
Revenues (+)
Operating Revenue
Non-Operating Revenue
Total
Expenses (-)
Primary Activity Expenses
Secondary Activity Expenses
Total
Gains (+)
Losses (-)
Net income/loss
In this exercise:
Total revenues=$1,673,000
Expenses:
Office expense 488,000
Miscellaneous expense 34,000
IWages expense 660,000
Total Expenses=$1,182,000
Net profit= $491,000
Answer: Credit
When a person who will give out a loan such as an auto loan sees a bankruptcy on a person’s record, it makes them think that the person is irresponsible or at least not competent in their financial abilities.
Answer:
Average production cost= $20
Explanation:
<u>The product cost is the sum of direct material, direct labor, and allocated overhead. First, we need to calculate the total production costs:</u>
Total production costs= 50,000 + 36,000 + 14,000= $100,000
<u>Now, the average production cost:</u>
<u />
Average production cost= total costs / units produced
Average production cost= 100,000 / 5,000
Average production cost= $20
