Answer:
The cost of goods sold for the year is $460,000.
Explanation:
The value of purchases is given at $450,000.
The value of beginning inventory is given at $170,000.
The value of ending inventory is given at $210,000.
Transportation in is $50,000.
The value of delivery expense is given at $75,000.
The cost of goods sold for the year
=The value of purchases+The value of beginning inventory+Transportation in-The value of ending inventory
=$450,000+$170,000+$50,000-$210,000
=$460,000
Answer:
The basic and diluted earnings per share for the year ended December 31, 2018 are $ 0.24 / Share and $8.89
/share respectively.
Explanation:
BASIC EPS CALCULATION
The preferred dividend = 30 million x $ 2/share
= 60 Million
Basic EPS = ( Net income - preferred dividends ) / weighted average common shares
= ($840 million - $ 60 Million ) / 100 million
= $ 0.24 / Share
DILUTED EPS CALCULATION
After-tax bond interest expense = $ 2.200 million x 10%
= $ 220 Million
$ 220 Million x (100 + 40%) = $ 308 Million after-tax interest expense.
Shares assume converted to common
Common Shares = 100 Million
Preferred stock = 40 Million
Convertible bonds = 17.0 Million
Total = 157 Million shares outstanding
Diluted EPS = ( $ 840 Million - $60 Million + $308 Million+ $ 66 Million ) / 157 million
= $8.89
/share
Therefore, The basic and diluted earnings per share for the year ended December 31, 2018 are $ 0.24 / Share and $8.89
/share respectively.
The fortunes of the English gentry degenerated primary due to the reformation of the voting law. Initially, only land-owning gentry has the right to vote and they used their right to control the laws governing land ownership. When the voting law was reformed, the power of the gentry diminished, enabling non-gentry individuals to own land and create factories.
Since, the English gentry get their fortunes from leases on their lands used for farming, they were very affected when the people working on their lands opted to go to the city and become factory workers. Thereby decreasing their rental income.
Land taxes also increased and because some portion of the English gentry's land became idle and unproductive, they were not able to pay the increasing land taxes; forcing them to sell and dispose of their land to meet their tax obligations.
Answer: Option (C) is correct.
Explanation:
Given that,
In Dept. A,
Direct labor cost = $60,000
Manufacturing overhead = $90,000
Direct labor-hours = 6,000
Machine-hours = 2,000
In Dept. B,
Direct labor cost = $40,000
Manufacturing overhead = $45,000
Direct labor-hours = 9,000
Machine-hours = 15,000
Predetermined overhead rates in Dept. A = 
= 
= 150%
In dept. B = 
= 
= $3
Answer:
Which term refers to the interest the Federal Reserve Bank (Fed) charges banks for loans?
the discount rate is the interest rate that the Federal Reserve System charges banks for the loans it makes. The overnight rate or the federal funds rate is even lower, but it lasts a few hours only.
Select the charge the Fed levies on banks borrowing funds that would result in the smallest increase in the money supply.
- two percentage points above the private level
the higher the interest rate, the lower the increase in the money supply.
