Answer
a little late but the answer on edg2020 is C. $109
Explanation:
The stylist would win. The contract modification is enforceable because it is supported by additional consideration for both parties--Sally gets the highlights that had not been included in the original contract for the cut, and the stylist gets the additional money.
Answer:
$53,019
Explanation:
Step 1 : Determine the unit product cost
Unit product cost under variable costing consist of only variable manufacturing costs.
Unit product cost = $30 + $26 + ($300,000 ÷ 29,200)
= $66.27
Step 2 : Calculate value of the inventory
Value of the inventory = Unit product cost x units in inventory
= $66.27 x 800
= $53,019
Under variable costing, the value of the inventory is $53,019.
The return on equity of Oscar's dog house is 18.6% (=12.5%*1.49) based on the information shown on the question above. This problem can be solved using the DuPont identity which stated as Return on Equity = profit margin * asset turnover * equity multiplier and in this problem, we do not have the asset turnover ratio. We can make a simple alteration to the formula because of Return on asset = profit margin * asset turnover. Therefore, we will find a new formula which stated as RoE = (Return on asset*equity multiplier).
Answer:
the number of shares to be used in computing basic EPS is 2,100,000.
Explanation:
Basic Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks
<u>Weighted Average Number of Common Stocks Calculation :</u>
Common Stocks Outstanding on 1 January 2,000,000
Additional Shares 9/12 × 100,000 75,000
Additional Shares 3/12 × 100,000 25,000
Weighted Average Number of Common Stocks 2,100,000