Advantage, vertical integration is like controlling all your distributors for your business and all your company’s who make your product.
Answer: $3.70
Explanation:
Earnings per share = Net income / Number of shares
Net income = Earnings per share * Number of shares
= 3.57 * 53,000
= $189,210
The number of shares that Green Thumb bought back is:
= Stock repurchase amount / Market price of shares
= 117,000 / 63.57
= 1,840 shares
After the repurchase the number of shares is:
= 53,000 original shares - 1,840
= 51,160 shares
New EPS = 189,210 / 51,160
= $3.70
Don’t give out personal info and don’t cyber bully people, don’t judge them either.
Answer:
Explanation:
The journal entry is shown below:
Interest receivable A/c Dr $1,000
To Interest revenue A/c $1,000
(Being accrued interest is recorded)
The computation of accrued interest is presented below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 6% × (2 months ÷ 12 months)
= $1,000
The 2 months is calculated from November 1 to December 31
