Answer and Explanation:
The computations are as follows
a. For basic earning per share
= Net income ÷ Average number of outstanding common shares
= ($16,888 - $1,483) ÷ 10462.282 shares
= $1.47 per share
b. Preferred stock dividends = Net income - Net income applicable to common shareholders
= $4,833 - $4,211
= $622
c. The net income applicable to common shareholders is
= Average number of common shares outstanding × Basic earning per share
= 10,527.818 × $0.40
= $4,211
d. The net income is
= Preference stock dividend + Net income applicable to common shareholders
= $1,349 + $10,583
= $11,932
e. Average number of common shares outstanding is
= Net income for common shareholders ÷ basic earning per share
= $10,583 ÷ $0.94
= $11,258.51
We simply applied the general formulas
I would go with deposits in transit
Answer:
Vail Journal entries
Oct 1,2021
Dr Cash 100,000
Cr Deferred Revenue 100,000
December 31,2021
Dr Deferred Revenue 20,000
Cr Sales Revenue 20,000
January 2022
Dr Deferred Revenue 30,000
Cr Sales Revenue 30,000
February 2022
Dr Deferred Revenue 25,000
Cr Sales Revenue 25,000
March 2022
Dr Deferred Revenue 15,000
Cr Sales Revenue 15,000
Explanation:
Deferred revenue are can be seen as the amount of money which is been earned for good and service which are yet to be delivered which is why it is often recorded as a liability until the delivery of good and service has taken place in which it will then be converted into revenue or asset.
Sales revenue can be seen income which is been received by a company or organisation for service rendered.
Answer:
d. $42,000
Explanation:
Calculation for what was the estate's distributable net income (DNI)
ESTATE'S DISTRIBUTED NET INCOME
GROSS INCOME:
Taxable interest $65,000
ESTATE DISBURSEMENTS:
Less Administrative expenses ($14,000)
Less Charitable contributions from gross income ($9,000)
DISTRIBUTED NET INCOME (DNI) $42,000
($65,000-$14,000-$9,000)
Therefore the estate's distributable net income (DNI) will be $42,000
Answer:
invest in physical capital
engage in international trade
focus on increasing imports
invest in human capital
reduce the defense budget
Explanation: