Answer:
The answer is given below;
Explanation:
Plan II EPS=Net Income/Weighted Average shares outstanding
=$450,000-(2,210,000*7%)/120,000=$2.46
Plan I =$450,000/170,000=$2.64
Answer:
a. Certain parts acquired from Japanese automakers are at lesser risk because the components are standardized.
b. Sourcing engines and transmissions locally is at higher risk as the company has gone toward customization which involves risks and the product will not be standardized.
c. This involves less risk and standardized.
Explanation:
The standardized components will create lesser risk to the company. When the company goes towards customization then there will be risk involved in the components as the customers might not accept the customized components and standardized feature might be more appreciated by the customers.
Answer: the correct answer is d. General Fund--$8 million in Notes Payable; Nothing in a Schedule of Changes in Long-Term Obligations.
Explanation:
The money is borrowed to be paid in just 6 months that's why the general Fund is $ 8 million in "notes payable" and it is "nothing in long term obligations" because it is a "short term obligation
"
Answer:
In a perpetual inventory system, inventory is initially recorded at the time of sale.
