Answer:
Net income = $76,000
Earning per share (EPS):
Income from continuing operations per share = $4.40 per share
Loss from discontinued operations per share = -$3.64 per share
Net Income per share = $0.76 per share
Explanation:
Note: See the attached excel file for the income statement.
Also Note: Two years (2016 and 2018) were mistakenly mentioned in the question instead of just one of them. I therefore picked 2016 to prepare the income statement.
In the attached excel file, the earning per share (EPS) is calculated as follows:
Number of shares outstanding = 100,000 shares
Income from continuing operations per share = Income from continuing operations / Number of shares outstanding = $440,000 / 100,000 = $4.40 per share
Loss from discontinued operations per share = Loss from discontinued operations / Number of shares outstanding = -$364,000 / 100,000 = -$3.64 per share
Net Income per share = Net Income / Number of shares outstanding = $76,000 / 100,000 = $0.76 per share
Answer:
D. $45,000
Explanation:
The computation of the contribution margin for the Orlando store is
= Total sales × contribution margin percentage - Gainesville sales × contribution margin percentage
= $250,000 × 32% - $100,000 × 35%
= $80,000 - $35,000
= $45,000
Contribution margin is come from deducting Gainesville contribution margin from the total contribution margin
Answer:
B
Explanation:
If you're going to solve it ur going to need to know how it's going to effectively help don't just do it first think.
Answer:
The correct option is B
Explanation:
Periodic Inventory System is an inventory accounting system that allows for the periodic update of the merchandise inventory and accounts receivable accounts in the books the seller, which means there is an assigned period for the inventory clerks to conduct any inventory counts in the company's warehouse.
Option D is false because the statement should be Merchandise Inventory or Cost of Goods Sold since Periodic Inventory System allows for a periodic update of the said accounts. so, there is no logical reasons to integrate it with the Accounts Receivable and Revenue accounts.
Answer:
I) The difference between the option's price and the value it would have if it were expiring immediately
Explanation:
Time value in options trading simply refers to the part of an option's premium (cost or price) which is attributed to the amount of the time remaining until expiration.
An addition of the option's time value and intrinsic value equals the total premium of an option.
Therefore, we can mathematically state that:
Time Value = Option Premuim(Price) - Intrinsic Value.
The Option Premuim is an amount of money known as the price or cost.
In an exchange for the right granted by the option, an option buyer pays for the premium to an option seller.
Generally, it is seen that the more time that remains until the expiration, the greater the time value of the option. This happens as a result of investors willing to pay a higher premium for more time since the longer time taken to execute contract will be profitable due to a favorable move in the underlying asset.
Also, the lesser time remaining on an option will result in lesser willingness of investors to pay because the probability for profitability is slim.
