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3 years ago

This Question: 1 pt

Business

1 answer:

malfutka [58]3 years ago

8 0

Explanation:

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Getaway Travel Company reported net income for 2016 in the amount of $50,000. During 2016, Getaway declared and paid $2,000 in c

PSYCHO15rus [73]

Answer:

Option (B) is correct.

Explanation:

Given that,

Net income = 50,000

Preferred dividend = 2,000

Outstanding common stock:

= (40,000 × 2) + (10,000 × 6/12 × 2)

= 80,000 + 10,000

= 90,000

2016 basic earnings per share:

= (Net income - Preferred dividend) ÷ Outstanding common stock

= (50,000 - 2,000) ÷ 90,000

= 48,000 ÷ 90,000

= $0.53 per share

Therefore, the 2016 basic earnings per share is $0.53.

4 0

3 years ago

The Harleysville Manufacturing Shop produces motorcycle parts. Typically, 10 pieces out of a job lot of 1,000 parts are spoiled.

Murrr4er [49]

Answer:

Materials Control $ 250

Manufacturing Overhead Control $1,000

Work-in-Process Control $1,250

Explanation:

spoilage rate: 10/1000 = 0.01=1%

the job requires 2,500 goods parts

total part required (considering spoilage)

$\frac{requirement}{1-spolage} =$total needs$

2,500 /(1-0.01) = 2500/ 0.99 = 2525.2525 = 2525

2525-2500 = 25 spoilage part

in this case you may think you can simple do 2,500 x 0.01

But if the spoilage rate is high or the amount of high is, then you will have an answer different than the correct method. Stick to the formula given.

25 part x 50 = 1,250

From the work in process, we will subtract this value, we will increase the spoilage materials inventory and charge the diference as actual overhead.

Materials Control $ 250

Manufacturing Overhead Control $1,000

Work-in-Process Control $1,250

4 0

3 years ago

If the price elasticity of demand for apples is 1.20 (absolute value), then the demand is _____ and total revenue will ______ if

Ludmilka [50]

Answer:

The correct answer is: price elastic; increase.

Explanation:

The price elasticity of demand for apples is 1.2.

This implies that the demand relatively prices elastic.

Elastic demand means that a proportionate change in the price of apples will cause more than proportionate change in the quantity demanded.

A decrease in the price of apples will cause its quantity demanded to increase by more than proportionate. This will cause total revenue to increase.

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3 years ago

the amount of goods and services produced by an economy divided by the amount of resources used to make those goods and services

Elenna [48]

Gross dometic product

3 0

3 years ago

At the end of a recent year, Anderson Cleaning Service, a full-service house and office cleaning service, had total assets o

marysya [2.9K]

Answer:

Anderson Cleaning Service's liabilities were $2,160

Explanation:

Basing on accounting equation:

Total asset = Liabilities + Owner's (or Stockholders') Equity

Liabilities = Total asset - Owner's (or Stockholders') Equity

At the end of a recent year, Anderson Cleaning Service had total assets of $5,810 and equity of $3,650

Anderson Cleaning Service's liabilities = Total asset - Equity = $5,810 - $3,650 = $2,160

7 0

3 years ago