Best answer
a firm has beginning inventory of 300 units at a cost of 11 each. production during the period was 650 units at 12 each. if sales were 700 units what is the cost of goods sold (assume FIFO)
Answer:
Diluted earnings per share is $1.7 per share
Explanation:
The number of diluted shares from the options is calculated thus
Total number of shares from options 34,500
Actual number of shares that can be purchased
(options shares*option price/share market price)
(34,500*$11/$15) (25,300)
Diluted shares 9,200
Diluted earnings per share=net income/(outstanding common stock + diluted common stock)
net income is $331,840
outstanding common stock is 186,000
diluted common stock is 9200
diluted earnings per share=$331,840/(186,000+9200)
=$1.7 per share
Answer:
A cover letter is an important way to showcase how your unique combination of skills and experience meet the key requirements of the job description. It is your chance to show a clear link between your knowledge, experience and abilities and the needs of the employer.
Explanation:
Answer:
with the new rate we will pay in 58 months.
if there is 2% commision charge: 59.35 = 60 months
Explanation:
Currently we owe 10,000
This will be transfer to a new credit card with a rate of 6.2%
We are going to do monthly payment of 200 dollars each month
and we need to know the time it will take to pay the loan:
We use the formula for ordinary annuity and solve for time:
C $200.00
time n
rate 0.005166667 (6.2% rate divide into 12 months)
PV $10,000.0000
We arrenge the formula and solve as muhc as we can:
Now, we use logarithmics properties to solve for time:
-57.99227477 = 58 months
part B
If there is a charge of 2% then Principal = 10,000 x 102% = 10,200
we use that in the formula and solve:
-59.34880001 = 59.35 months
Answer:
True
Explanation:
The Statute of Frauds requires some type of contracts to be put in writting. Some of theses agreements includes: any goods worth $500 or more, sale of land and contracts that can exceed a year. Statute of frauds is gotten from an Act of the Parliament of England (29 Chas. 2 c. 3) passed in 1677 (authored by Lord Nottingham assisted by Sir Matthew Hale, Sir Francis North and Sir Leoline Jenkins.
One of the requirement of the written agreements under the Statute is that the signature of both parties involved in the agreement is needed.
