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aleksandrvk [35]
3 years ago
5

In 2020, Lindon Corp. reported a discontinued operations loss of $1,300,000, net of tax. It declared and paid preferred stock di

vidends of $370,000 and common stock dividends of $590,000. During 2020, Lindon had a weighted average of 600,000 common shares outstanding.
As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by _______.
Business
1 answer:
8_murik_8 [283]3 years ago
6 0

Answer:

The earnings per share would drop by -$2.17 per share

Explanation:

Firstly the EPS =LOSS/TOTAL SHAREHOLDING

In this ,=-$1300000/600000shares

In other words the EPS for the previous year when compared to the current would see a drop in value per unit of share of $2.17

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The Pearsons decided to beautify their home by investing in a professional interior design. In the process, they dealt with empl
Romashka [77]

There are a lot of ways to beautify the home. The people required to provide the landscaping services are considered  is <u>Inputs</u>.

<h3>What is a landscaping person? </h3>
  • A landscaper is known to be a person who earns a living by working on the earth and water so that it can become more beautiful or more aesthetically pleasing.

They are often trained in landscaping as they work to improve the existing layout and as such they are known to be <u>input </u>as they are contributing something to the beauty of the landscape.

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8 0
2 years ago
Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the servic
Gre4nikov [31]

Full Question:

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion

A) The statistical significance of the correlation was found to be sixty percent.

B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.

C) The sample size used by Edwin was significantly larger than what was required.

D) Multiple regressions were observed among the variables used for the analysis.

Answer:

The correct answer here is A)

Explanation:

The key to decision making using statistical research is <em>Statistical Significance.  </em>This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.

Cheers!

7 0
3 years ago
T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of
bekas [8.4K]

The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

<h3>What journal entries?</h3>
  • A journal entry is an act of keeping or producing records of any economic or non-economic transaction.
  • An accounting journal, which shows a company's debit and credit balances, records transactions.
  • The journal entry can be made up of multiple records, each of which is either a debit or a credit.
  • Otherwise, the journal entry is termed unbalanced if the sum of the debits does not equal the total of the credits.

So, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of cash invested, and the fair market value.

30,000 + 60,000 = $90,000

Therefore, the journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $90,000.

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The complete question:

T. Dole invests cash and land into an existing partnership. The cash invested is $30,000 and the land has a fair market value of $60,000. The journal entry to reflect this transaction would include a credit to T. Dole, Capital in the amount of $ ______.

7 0
1 year ago
Oceanview's inventory consists primarily of boats and involves a comparatively small lumber of inventory items. How would invent
lakkis [162]

The question is about Audit procedures of inventory that differ if

The Inventory is in small number

- Complete inventory can be counted.

- The inventory is different type of boats each boats market price can be checked separately.

- Floor to record and record to floor can both be tested appropriately.

The Inventory is in large number

- Sample based count.

- The inventory is different type of boats each boats market price can not be checked separately, instead again a sample of inventory will be checked.

- Floor to record and record to floor can be tested on a sample basis.

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6 0
2 years ago
Tarrant Corporation was organized this year to operate a financial consulting business. The charter authorized the following sto
Sauron [17]

Solution :

                                      Tarrant Corporations

First of all let us prepare the Journal Entries

1. Cash     (7000 x 38)                                     266,000

  Common stock (7000 x 19)                                                       133,000

  Paid in capital in excess of stated value

  common stock   (7000 x 19)                                                      133,000

2. Cash   (2600 x 43)                                      111,800

   common stock  (2600 x 19)                                                       49400

   Paid in capital in excess of stated value

     Common stock (2600 x 24)                                                    62400

3. Income summary                                        7000

    Retained earing                                                                         7000

                        Tarrant corporation

Balance sheet - shareholder's section

Share holder's equity

Contributed capital

$ 19 par, issued and outstanding 9600 shares   =  182400

Paid in capital in excess of par                                 196800

Total contributed capital                                            379200

Retained earnings                                                          7200

Total shareholder's equity                                          372,000                              

8 0
3 years ago
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