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Jobisdone [24]
3 years ago
13

Apex Manufacturing Corporation mass production eight different products. The controller who is interested in strengthening inter

nal control over the accounting for materials used in production is most likely to implement a(n)A. Economic order quantity (EOQ) system.B. Job-order cost accounting system.C. Perpetual inventory system.D. Segregation of duties among production personnel.
Business
1 answer:
cupoosta [38]3 years ago
6 0

Answer:

C. perpetual inventory system

Explanation:

Based on the information provided within the question it can be said that the controller is most likely to implement a perpetual inventory system. This is a system that documents transactions as they happen (stock coming in or going) completely autonomously and efficiently. This would save time and money by strengthening internal control over the accounting for materials.

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Next year baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. this incentive will be pro
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6 0
4 years ago
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A large U.S.-based mechanical engineering firm, wants to enter the global market. Upon careful analysis of the market, they will
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8 0
3 years ago
Pronghorn Corporation had income from continuing operations of $12,100,000 in 2017. During 2017, it disposed of its restaurant d
Rainbow [258]

Answer:

Net Income =     $11,480,000

Earnings Per Share = $1.148

Explanation:

The question is to determine Pronghorn's Corporation's Partial Income Statement

<u>Pronghorn's Income Statement for the year 2017</u>

                 Description                                      Amount ($)         Amount ($)

Continuing Operations Income                                                  12,100,000

Discontinued Operations:

Discontinued Restaurant division's Loss         412,000

Loss on Restaurant's Disposal                          208,000    

The total loss on discontinued operations                                 (620,000)

Net Income                                                                                   $11,480,000

Part 2 is to determine the Earnings Per share as follows

What is the income per share = $12,100,000/ 10,000,000 shares

= $1.21

what is the loss per share on discontinued restaurant division

= $620,000/10,000,000 = $0.062

Earnings Per Share = $1.21- $0.062 = $1.148

4 0
3 years ago
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