Explanation:
December 31, 2016: To record accrued wages for one day (10 workers × $145) = $1,450.
January 4, 2017: To record accrued and current wages.
Wages expense = 10 workers × 3 days × $145 = $4,350
Cash = 10 workers × 4 days × $145 = $5,800.
See attached photo.
Answer:
The correct answer is D) An increase in market demand from D0 to D1
Explanation:
In a competitive market, there are enough firms so that no firm can influence prices significantly.
In such conditions, and holding all other variables constant, a increase in market price from P1 to P2 can only result from an increase in demand.
If more consumers want a product, and supply remains the same, the price of it will rise.
Answer:
Poppy Corporation
Consolidated EPS
Basic Earnings per share = $67,600/10,000 = $6.76 per share.
Diluted earnings per share = $74,800/10,000 = $7.48 per share
Explanation:
With the conversion of the Seed's bonds, the interest of $20,000 would be included in its income. And an after tax increase of $12,000 (after taking out tax of 40% on $20,000) would be added to the net income, making the net income to become $48,000 ($36,000 + 12,000). The group's share of the net income would become $28,800 ($48,000 x 60%). This amount is added to the Poppy's net income of $46,000 to get a consolidated net income of $74,800 after the conversion of the bonds.
Before the conversion, the consolidated net income is $67,600 ($46,000 + 60% of $36,000).
EPS becomes diluted with the conversion of convertible debt securities. The effect for a consolidated entity like Poppy is the increase in the net income attributable to the holding company with the elimination of the interest expense. However, the number of shares outstanding for the group would remain the same as before the conversion since it was the bonds of the subsidiary that was converted and not the group's.
Answer:
Explanation:
Comparative advantage means that a country can produce a good or service cheaper and more efficiently than another country or group of countries.
This can be accomplished through technology, a trained workforce, learning curve, etc.
<span>When the minor children reach a certain age, the living trust is always discontinued: FALSE
A living trust is established while the owner of the property or money put in trust is still alive.TRUE
The estate is managed, invested, and controlled by the trust agency or person.TRUE
The profit is paid to the owner during his lifetime, and to whomever he names upon his death.
TRUE</span>