Answer:
C.It is sometimes difficult for partners to agree on every business decision.
Explanation:
In partnerships, the company is owned by several people who held the status as 'Partners'. Everytime the company wants to make a decision, they need to ensure that the majority of these 'partners' agree on the decision. Often time, problem might occurs if the partners have different ideas on how the company should be operated.
In sole proprietorship, only one person held the position as the owner. This mean that the person has full authority in determining the type of decision that should be implemented for the business.
Answer:
a. EPS = $4.78 per share
b. Basic EPS = $4.41 per share
Explanation:
a. Compute the earnings per share (EPS) of common stock
Number of shares outstanding = 38,000 + 10,000 + 1,000 = 49,000
EPS = Net income ÷ Number of common shares outstanding = $234,000 ÷ 49,000 = $4.78 per share
b. Compute the basic earnings per share of common stock
Preferred dividend = 6,000 × $50 × 6% = $18,000
Basic EPS = (Net income - Preferred dividend) ÷ Number of common shares outstanding = ($234,000 - $18,000) ÷ 49,000 = $4.41 per share
Answer:
Option D is the correct answer,$ 88,338.48
Explanation:
The liability reported in the balance sheet can be computed by using the pv formula in excel which is stated thus:
=-pv(rate,nper,pmt,fv)
rate is the incremental borrowing rate of 11% per year
nper is the number of payments required to settle the obligation which is 10
pmt is the amount of yearly payment in order to fully settle the debt owed which is $15,000 per year
fv is the future worth of total payments which is not unknown,hence taken as zero
=-pv(11%,10,15000,0)=$ 88,338.48
The correct answer is $ 88,338.48
<span>The higher the percentage of the active ingredient in a drug, the more powerful the drug is.</span>
