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3 years ago

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Below is last month's business income statement for Korey's Comics. Using the information provided in the statement, determine n

et income for Korey's Comics last month.
a. $2,320.b. $2,510.c. $4,830.d. $6,610.

1 answer:

Alex17521 [72]3 years ago

5 0

Answer:1/2 of an answer is zero

Explain:i dont know how i got it. other people can help you if you get it wrong

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An organization hired a highly qualified accounts payable manager who had been terminated from another organization for alleged

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Answer:

The correct answer is A. Adequately check prior employment backgrounds for all new employees.

Explanation:

It is not enough to simply evaluate the resume and know the candidates' strongest skills, since it may happen that they omit or hide information only to advance in the process and be chosen for the vacant position. In this sense, it is important to carry out verifications of the information provided in order to know exactly what the previous experience, studies and skills have been in search of minimizing the risks associated with money management.

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3 years ago

True or false: When a capital investment decision is being made between two or more alternatives, the project with the shortest

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Answer:

False

Explanation:

The payback period refers to the specific period of time that it is required to recover the amount invested and it is an important factor to take into account but the project with the shortest payback period is not necessarily the most desirable investment because other factors are also considered, for example, the expected profit and the conditions in the environment that may affect the assumptions made. Because of that, the answer is that the statement is false.

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3 years ago

When Job 117 was completed, direct materials totaled $5,090; direct labor, $5,838; and factory overhead, $4,042. A total of 1,49

allsm [11]

Answer:

the per unit cost is $10

Explanation:

The computation of the per unit cost is shown below:

As we know that

Per unit cost is

= Total cost ÷ number of units produced

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= ($14,970) ÷ (1,497 units)

= $10

hence, the per unit cost is $10

We simply applied the above formula so that the correct value could come

And, the same is to be considered

3 0

3 years ago

Dove, Inc., had additions to retained earnings for the year just ended of $630,000. The firm paid out $105,000 in cash dividends

Andreas93 [3]

Answer:

(A) Earnings per share = $1.19 per share, Dividends per share = $0.17 per share, and book value per share is $11.69 per share

(B) Market-to-book ratio = 2.52 times, and the price-earnings ratio is 24.79 times

(C) Price-sales ratio is 1.73 times

Explanation:

(A) Earning per share = (Net income) ÷ (Number of shares)

where,

Net income = Retained earnings + dividend paid

= $630,000 + $105,000

= $735,000

And, the number of shares are 620,000 shares

Now put these values to the above formula

So, the value would equal to

= ($735,000) ÷ (620,000 shares)

= $1.19 per share

Dividend per share = (Total dividend) ÷ (number of shares)

= ($105,000) ÷ (620,000 shares)

= $0.17 per share

Book value per share = (Total equity) ÷ (number of shares)

= $7,250,000 ÷ (620,000 shares)

= $11.69 per share

(B) Market to book ratio = (Market price per share) ÷ (book value per share)

= $29.50 ÷ $11.69

= 2.52 times

Price-earnings ratio = (Market price per share) ÷ (Earning per share)

= $29.50 ÷ $1.19

= 24.79 times

(C) Price sales ratio = (Market price per share) ÷ (Total sales per share)

where,

Total sales per share = (total sales) ÷ (Number of shares)

= (10,550,000) ÷ (620,000 shares)

= $17.01 per share

So, the price sales ratio = $29.50 ÷ $17.01

= 1.73 times

6 0

3 years ago

Coast to Coast Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboa

dangina [55]

Answer:

given

Coast to Coast Surfboards Inc.

Atlantic Wave Pacific Pounder

Sales price $200 $120

Variable cost of goods sold per unit (150) (90)

Manufacturing margin per unit $50 $30

Variable selling expense per unit (34) (16)

Contribution margin per unit $16 $14

East Coast West Coast

Atlantic Wave 40,000 25,000

Pacific Pounder 0 25,000

<u><em>Calculations</em></u>

Coast to Coast Surfboards Inc.

Contribution Margin by Territory.

Atlantic Wave Pacific Pounder

East Coast West Coast East Coast West Coast

Sales price $200 $120

<u>Units 40,000 25,000 0, 25000</u>

Sales 8000,000 5000,000 000, 3000,000

V. COGS (6000,000) (3750000) 000, (2250000)

MAnufg. Margin 2000,000 1250000 000. 750,000

Var. & Selling Exp. (1360000) (850000) 000. (400,000)

Contribution margin 640,000 400,000 000. 350,000

Contribution Margin Ratio = Contribution Margin/ Sales

CM ratio= 8% 8% 000 . 11.67%

<em>Multiplying the number of units given against each territory with the respective costs gives this income statement.</em>

7 0

3 years ago