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Debora [2.8K]
3 years ago
11

The financial statements for Harold Corporation contained the following information:

Business
1 answer:
vagabundo [1.1K]3 years ago
7 0

Answer:

so net income is $45000

Explanation:

given data

Accounts receivable =  $5000

Sales revenue =  75000

Cash = 15000

Salaries and wages expense = 20000

Rent expense = 10000

to find out

net income

solution

we will find net income by the given expression as

net income = Sales revenue - Rent expense - Salaries and wages expense   .......................1

put here all these value in equation 1 we get net income

net income = 75000 - 10000 - 20000

net income = 45000

so net income is $45000

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Baldwin Company had 40,000 shares of common stock outstanding on January 1, 2018. On April 1, 2018, the company issued 20,000 sh
Sindrei [870]

Answer:

$56,667

Explanation:

Diluted EPS is a measure used to assess the quality of a company's earnings per share (EPS). Diluted EPS takes into calculation all convertible securities such as convertible bonds or convertible preferred stock, which are changed into equity or common stock.

The stock options have a value of (10,000 × $10)/$12 = $8,333 on conversion.

To calculate the Diluted Earnings per share,

40,000 + (20,000 × 9/12) + (10,000 - 8,333) = $56,667.

7 0
4 years ago
Snow blowers are sold in areas where there is a longer cold season and the likelihood of snow. the consumer market for snow blow
iVinArrow [24]

The answer to this question is an example of geographic segmentation. Geographic segmentation is dividing the market or consumers depending on the location or geography. This kind of marketing strategy is often used by small businesses Geographic segmentation is segmenting the market thru cities, country, and regions.

5 0
4 years ago
Galvin Corporation provides institutional food facilities with bread and other baked goods. The company does not actually produc
QveST [7]

Answer:

<u>Network </u>

Explanation:

A network type of organizational structure is characterized by a less hierarchical levels, with greater decentralization and more flexibility.

Such an organization is inter connected by informal social networks based upon the requirements of a task instead of a formal structure.

In this kind of organizational structure, reporting requirements ain't pre defined and it arises as per the need and as per the extent of coordination.  It promotes direct communication and eliminates bureaucracy as decision making does not require approval from multiple levels.

In the given case, the company does not actually produce or market the bread indicates the existence of intra-company networks which perform those tasks.

Similarly, the fact that there are very few employees who are majorly top executives or of clerical level, indicates elimination of multiple levels of organizational hierarchy.

Thus, it represents a network organizational structure.

7 0
3 years ago
grwoth is the key to better consumption possibilities and one key to better consumption possibilities is
mash [69]

Answer:

Trade

Explanation:

The consumption possibility can be gotten from three different factors, it could be gotten from opportunity for trade, production set and also from consumption behavior.

Involving in trade would reduce the prices of goods for consumers, especially in a country that is involved in importation. It creates gains for consumers. Therefore it can be said that trade is a key to better consumption possibilities.

4 0
3 years ago
The modern enterprises reported all assets in the accounts at current market value. This action is a violation of:
maw [93]

This action is a violation of Cost Principle or Historical Cost Concept.

<h3>What is Historical Cost Concept?</h3>

The historical cost principle states that a company or business must account for and record all assets at the original cost or purchase price on their balance sheet and not at its market price.

The historical cost principle forms the foundation for an ongoing trade-off between usefulness and reliability of an asset.

Thus, if the modern enterprises reported all assets in the accounts at current market value. This action is a violation of Cost Principle or Historical Cost Concept.

Learn more about Historical Cost Concept here,

brainly.com/question/27622433

#SPJ4

4 0
2 years ago
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