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3 years ago

For the year ended December 31, 2021, Norstar Industries reported net income of $655,000.

Business

1 answer:

iragen [17]3 years ago

7 0

Answer:

Earnings per share = $0.64

Explanation:

To calculate the Earnings per share, we first need to compute weighted average number of shares:

Jan.1: 900,000 * (12/12) = 900,000 * 1.05 = 945,000

Apr.30: 60,000 * (8/12) = 40,000 * 1.05 = 42,000

Jun.1: 72,000 * (7/12) = 42,000

Weighted Average No. of Shares Outstanding = 1,029,000

Note: We multiplied by 1.05 factors on Jan.1 and Apr.30 to account for 5% declared and distribution of a stock dividend.

Earnings Per Share = Net Income

Weighted Average No.of Shares Outstanding

Earnings Per Share = 655,000

1,029,000

Earnings Per Share = $0.64

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The ACogs-153 company has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 24,0

meriva

Answer:

$209,000

Explanation:

Schedule of Cost of goods manufactured

Particulars Amount

Direct materials $64,000

Direct labor cost $94,000

Manuf. overhead cost applied to WIP $68,000

Total manufacturing costs $226,000

Add: WIP Inventory, Beginning $24,000

Less: WIP Inventory, Ending $19,000

Cost of goods manufactured $231,000

Add: Beginning Finished goods $53,000

Less: Ending Finished goods $57,000

Unadjusted cost of goods sold $207,000

Add: Underapplied manuf. overhead $2,000 ($70,000-$68,000)

Adjusted cost of goods sold $209,000

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2 years ago

Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80

lisov135 [29]

Answer:

In six months, Linda will pay : $480

Final payments :$819

Explanation:

The monthly payments are $80 for six months.

For six months, Linda will have paid $80 times six months

=$80 x 6

=$480

The amount for her final payments will be the total of the two items minus the installment payments

=$1,299 - $480

=$819

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3 years ago

Home Appliances Co. wants to introduce a new digital display, laser driven iron to the market. The estimated unit sales price is

malfutka [58]

Answer:

The target cost per iron= $83.25

Explanation:

Profit Required = Required Investment * required rate of return

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Sales= 300000*85=$25,500,000.00

Less: profit required=$525,000.00

Cost= Sales- Profit

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Per Unit Target Cost = Total Cost / Total Units

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= $ 83.25

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3 years ago

Splish Company sells a machine for $7,220 with a 12-month warranty agreement that requires the company to replace all defective

storchak [24]

Answer:

Explanation:

Had to use microsoft word in other to be able to arrange the solution properly. And i hope it helps you. Thank you

Download docx

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3 years ago

An agency problem can occur when A. it is difficult or expensive for the owners to verify what the agent is actually doing. B. t

GaryK [48]

Answer:

The answer is E.

Explanation:

In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.

Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)

So all the options in the question represents agency problem.

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2 years ago