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3 years ago

Tayler Company reported the following data.

1 answer:

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Variable cost per unit is $23 , if the Tayler company has price per unit is $33, fixed cost is $5000 and Break even number of units= 500 units.

Explanation:

The given is,

Price per unit = $33

Fixed cos =$ 5000

Break even number of units = 500 units

Step:1

Total price = Price per unit × Break even number of units

= 33 × 500

= 16500

Total price = $16500

Step: 2

Total price = Fixed cost + Variable cost

16500 = 5000 + Variable cost

Variable cost = 16500 - 5000

= 11500

Variable cost = $11500

Step: 3

Variable cost per unit = $\frac{Variable cost}{Number of units}$

= $\frac{11500}{500}$

= 23

Variable cost per unit = $23

Result:

Variable cost per unit is $23.

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Question Completion:

Income Before Taxes (from ongoing operations) $2,470,000

Income Tax Rate (’x2) 30%

5% Preferred Stock ($100 Par, 10,000 shares issued)

Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)

Answer:

The company's EPS is:

= 3.46

Explanation:

a) Data and Calculations:

Income Before Taxes (from ongoing operations) (’x2)= $2,470,000

Income Tax Rate (’x2) = (30% * $2,470,000) = $741,000

Net Income after taxes = $1,729,000

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Outstanding common stock = $500,000

EPS (Earnings per share) = Net income after taxes/No. of outstanding shares

= $1,729,000/500,000

= $3.458

b) The earnings per share (EPS) equals Company A's net profit after taxes divided by the number of its outstanding common stock shares. Using the EPS, it indicates how much money Company A makes for each share of its stock. As a widely used metric, a potential stockholder of Company A can use it to estimate Company A's value when combined with the price per share.

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3 years ago

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Answer:

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On January 1 of the current year, Jimmy's Sandwich Company reported total stockholders’ equity of $125,000. During the current y

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