Answer:
$1,700,000
Explanation:
The computation of the NET accounts receivable (the cash realizable value) at December 31, 2019 is shown below:
= Account receivable - allowance for doubtful debts
= $2,000,000 - $300,000
= $1,700,000
By deducting the allowance for doubtful debts from the account receivable we can get the net account receivable or the cash realizable value
Therefore we ignored the bad debt expense
Answer:
Earnings per share of Concord Corporation for the year 2022 = $2.83
Explanation:
As for the information provided we have,
Earning per share to be computed for Concord Corporation for 2022
Note: Earning per share is computed for a period, and not for the particular date as it relates to the return on investment.
Therefore, Earnings per share for equity = Earnings for equity for the year concerned/Average number of shares outstanding
Average number of shares outstanding = (Opening equity + Closing Equity)/2
Equity shares in the beginning of 2022 = 180 million
Since no information for losing shares given thus, assumed same as of beginning.
Net income for equity = Net income - Pref dividend = $535 - $26 = $509 million
Earnings per share = $509 million/180 million
= $2.83 per share
Answer:
Invesmtent sector.
Explanation:
Is also responsible for the economic act of production.
