Answer:
The earnings per share would drop by -$2.17 per share
Explanation:
Firstly the EPS =LOSS/TOTAL SHAREHOLDING
In this ,=-$1300000/600000shares
In other words the EPS for the previous year when compared to the current would see a drop in value per unit of share of $2.17
Answer:
The correct answer is D. $1,320,000
.
Explanation:
In this case, it should be considered that the Stone Company is just beginning to operate, so the capital at the end of the period is made up of the following:
Initial Capital: $ 1,200,000
Dividends: $ 120,000
TOTAL = $ 1,320,000
Net income is not part of the measurement of capital, since information on expenses must be available to calculate the profit or loss for the period. For its part, investments in shares are considered a current asset and do not enter into this calculation.
Answer:
d. INTC: 2.36 TXN: 3.43
Explanation:
The property , plant equipment turnover is the ratio of sales divided by the amount of PPE as shown below:
PPE turnover=sales/(beginning PPE+ending PPE)/2
Intel Corporation (INTC):
PPE turnover=$38,826/($15,768+$17,111)/2
PPE turnover=$38,826/$16,439.50
PPE turnover=2.36 times
Texas Instruments (TXN):
PPE turnover=$13,392/( $3,918+$3,899)/2
PPE turnover=$13,392/$3,908.50
PPE turnover=3.43 times
The correct option is D
All economic questions and problems arise from <span>C. scarcity. scarcity is defined as the lack of resources and is the opposite of abundance. If scarcity such as famine is experienced by a country or nation, there arise questions why such state happened</span>
Answer:
a. $0.20
b. $322,000
Explanation:
Depreciation is the systematic allocation of the cost of an asset to the income statement over the estimated useful life of that asset.
It is determined as the depreciable value of the asset over the estimated useful life of the asset where the depreciable value is the difference between the cost and salvage value of the asset
.
The amount of depreciation to be recognized for each mile that a rental automobile is driven
= ($15,000 - $6,000)/45,000
= $9,000/45,000
= $0.20
Total millage expected of the 60 cars before disposal
= 60 * 45,000 miles
= 2,700,000 miles
The total amount of depreciation expense that Central Auto Rentals should recognize on this fleet of cars for the year
= 1,610,000/2,700,000 * ($9,000 * 60)
= $322,000
