Places where early peoples met and traded developed into _________

he Alford Group had 220,000 shares of common stock outstanding at January 1, 2018. The following activities affected common shar

cricket20 [7]

Answer:

Consider the following calculation

Explanation:

1. Determine the 2018 EPS.

EPS = Net Income / Weighted Average number of shares

Numerator

Net Income = $15,90

Denominator

Weighted Average number of shares = 2,20 – (24x10/12) + (24x2/12) + (96x1/12)

= 2,52 Shares

EPS 2018 = $15,90 / 2,52 Shares

= $6.31 per share

2. Determine the 2019 EPS.

Numerator

Net Income = $15,90

Denominator

Weighted Average number of shares

=[ 2,20 – 24 + 24 + 96 ] x 2 Stock Split

= 6,32 Shares

EPS 2019 = $15,90 / 6,32 Shares

= $2.52 per share

3. At what amount will the 2018 EPS be presented in the 2019 comparative financial statements?

Numerator

Net Income = $15,90

Denominator

Weighted Average number of shares

= 2,520 x 2 Stock split

= 5,04 Shares

EPS = $15,90 / 5,04

= $3.15 per share

8 0

2 years ago

During periods of economic growth, consumers buy more goods and services. This causes businesses to produce _____ goods and serv

fomenos

More, hope this helps!

5 0

2 years ago

Read 2 more answers

A useful way of standardizing financial statements is to choose a ____ and then express each item relative to the _____.

bulgar [2K]

The most useful way of standardizing financial statements is to choose a _<u>base year</u>,_ and then express each item in the period under review relative to the _amounts____ in the base year.

<h3>What are comparative financial statements?</h3>

Comparative financial statements compare a particular financial statement with previous statements. Previous financial statements are presented in side-by-side columns with the latest figures. With this, investors are able to track a company's progress over some periods and compare the company's financial results and performance with its industry competitors.

Thus, financial statements can be compared using financial ratios, which express the relationships between the various items within a financial statement, or using a base year.

Learn more about comparative financial statements and financial ratios here: brainly.com/question/9091091

4 0

2 years ago

Mike's Motors Corp. manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month-end. I

Lapatulllka [165]

Answer:

Mike's Motors Corp.

Cash Budget

July August September

Beginning balance $41,000 $30,000 $30,000

Cash receipts 92,000 118,000 157,000

Total cash available $133,000 $148,000 $187,000

Cash payments 120,000 106,900 134,400

Interest/Loan repayment 11,100 6,602

Cash balance 13,000 30,000 45,998

Cash to borrow 17,000 0 0

Minimum cash balance $30,000 $30,000 $30,000

Explanation:

a) Data and Calculations:

Minimum cash balance = $30,000

Interest rate on borrowings = 3% per month

Beginning cash balance = $41,000

Cash Budget

July August September

Beginning balance $41,000 $30,000 $30,000

Cash receipts 92,000 118,000 157,000

Total cash available $133,000 $148,000 $187,000

Cash payments 120,000 106,900 134,400

Interest/Loan repayment 11,100 6,602

Cash balance 13,000 30,000 45,998

Cash to borrow 17,000 0 0

Minimum cash balance 30,000 30,000 30,000

Loan repayment:

In August:

Interest is paid = $510 ($17,000 * 3%)

Loan is repaid = 10,590

Total paid = $11,100

Balance of loan unpaid = $6,410 ($17,000 - 10,590)

In September:

Interest on loan = $192 ($6,410 * 3%)

Loan repaid = 6,602 ($6,410 + 192)

6 0

2 years ago

In 2011 oil production in Libya was interrupted by political unrest. At the same time, the demand for oil by China continued to

kondaur [170]

Answer:

As a result of the political unrest in Libya, the supply of oil would fall, As a result the supply curve would shift to the left. This would lead to fall in equilibrium quantity and a rise in price.

The increased demand for oil would shift the demand curve to the right. The equilibrium price and quantity would increase

Taking these two effects together, equilibrium price would rise and there would be an indeterminate effect on equilibrium quantity

Please check the attached image for a graph showing these shifts

b. As a result of the change in supply, supply would increase. This would increase equilibrium quantity and equilibrium price would fall. in addition with the increase in demand for oil, equilibrium quantity would rise and there would be an indeterminate effect on equilibrium quantity

Explanation:

7 0

3 years ago

Places where early peoples met and traded developed into __________.