Answer:
Reshoring.
Explanation:
Reshoring is the process of returning the production and manufacturing of goods back to the company's original country. Reshoring is also known as onshoring, inshoring or backshoring.
Answer:
Total Period cost for the month= $427,400.00
Explanation:
Under variable costing,
Period costs are fixed costs
Fixed Manufacturing Overhead= $298,700.00
Fixed selling & Admin costs= $128,700.00
Total Period cost for the month= $427,400.00
Answer:
Option (a) is correct.
Explanation:
Given that,
Operating income = $68,200
Interest expense = $210
Dividends paid = $320
Depreciation = $12,400
Other income = $2,100
common stock = $48,500 with a par value of $1 per share
Retained earnings = $29,700
Income before taxes:
= Operating income - Interest expense + Other income
= $68,200 - $210 + $2,100
= $70,090
Net income:
= Income before taxes - Taxes at 21%
= $70,090 - ($70,090 × 21%)
= $70,090 - $14,719
= $55,371
Shares of common stock outstanding:
= Common stock ÷ Par value per share
= $48,500 ÷ $1
= 48,500 shares
Earnings per share:
= (Net income - Preferred dividend) ÷ Shares of common stock outstanding = ($55,371 - 0) ÷ 48,500
= $1.14 per share
Therefore, the earnings per share if the tax rate is 21 percent is $1.14.
Answer:
To make balance sheet we first have to calculate net income/net profit for the year.
<em><u>Net profit Calculation</u></em>
Service revenue $ 13,524
Insurance expense ($ 718
)
Depreciation expense ($ 4,876)
Interest expense ($ 2,392)
Profit $ 5,538
<em><u></u></em>
Balance Sheet
Asset
Non-Current Asset
Land $56,304
Buildings $97,336
Accumulated depreciation—buildings ($41,952)
Equipment $75,808
Accumulated depreciation—equipment ($17,222)
Total non Current Asset $170,274
Current Asset
Cash $10,893
Accounts receivable $11,592
Prepaid insurance $2,944
Current Asset $25,429
Total Asset $195,703
Equity
Common stock $55,200
Retain Earning (36,801+5,538) $42,339
Total Equity $97,539
Liability
Non-Current Liability
Current Liability
Accounts payable $8,740
Notes payable $86,112
Interest payable $3,312
Total Current Liability $98,164
Total Liability + Equity $195,703
