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Lynna [10]
3 years ago
5

Quantum Technology had $652,000 of retained earnings on December 31, 20X2. The company paid common dividends of $33,300 in 20X2

and had retained earnings of $513,000 on December 31, 20X1.
a. How much did Quantum Technology earn during 20X2?




b. What would earnings per share be if 42,400 shares of common stock were outstanding? (Round your answer to 2 decimal places.)
Business
1 answer:
loris [4]3 years ago
3 0

Answer:

(a) $546,300

(b) $12.88

Explanation:

(a)  Earnings available to common stockholders:

= Dividend + Retained Earnings

= 33,300 + 513,000

= $546,300

Earnings available to common stockholders means the amount available to distribute as dividend.

But the company need not pay full earnings as dividend. They may left some portion as retained earnings.

(b)  Earnings per share:

= Earnings available to common stockholders ÷ no. of shares of common stock

= $546,300 ÷ 42,400

= $12.88

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A current emphasis in supply chain management is to make the process of ordering as simple as possible, often through electronic
Valentin [98]

Answer:

The correct answer is a. quick response and efficient consumer response delivery systems .

Explanation:

Rapid response systems, as the name implies, seeks to simplify the order process by making it as simple and fast as possible. This is of great importance to large store buyers who handle large volumes of inventory and require a quick response on availability and the time it would take for a new order to arrive to fill their shelves. Technology is important in this process because of its ability to generate data instantly, and because the transmission of information is done just a click away.

6 0
3 years ago
Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $440,000. Shipping costs totaled $30,000. Foundat
Yakvenalex [24]

Answer:

d. $489,500

Explanation:

The capitalized cost will include all the costs incurred by Holiday laboratories to readily make the asset for use.

Therefore,

Capitalized cost = High speed industrial centrifuge + Shipping cost + Foundation cost + Equipment cost + Labor and testing cost + Material cost

= $440,000 + $30,000 + $8,600 + $3,000 + $5,300 + $2,600

= $489,500

7 0
3 years ago
For sara, ramen noodles are a normal good, however sean considers ramen noodles to be inferior. if sara and sean have the same a
avanturin [10]
<span>In this case, Sara will see the ramen as a good that is more elastic in demand than will Sean. This will mean that, as income drops for Sara, she will purchase less of the good than will Sean. Sean will end up purchasing less of the good if he has an increase in income.</span>
8 0
3 years ago
The BobCat Inc. reported gross sales of $100,000, sales returns and allowances of $5,000, and sales discounts of $2,000. The com
Y_Kistochka [10]

<u>Answer:</u>0.775 times

<u>Explanation:</u>

Given

Gross sales          100000

Sales returns             5000

Sales discounts         2000

Tangible assets        25000

Average total assets 120000

Calculation of assets turn over ratio

Assets turnover ratio = Net sales / Average total assets

=(100000-5000-2000)/120000

=0.775 times

Assets turnover ratio is 0.775 times

Gross sales is the sales made by the company but net sales is where the actual value of sales has happened after the rebates, allowances and discounts. Assets turn over ratio is used to measure the company's abilities to utilize its assets efficiently in generating sales income to the company.

4 0
3 years ago
A mission statement expresses ________, and a vision statement expresses ________.
Andreas93 [3]

A mission statement expresses an organizations reason for being in existence, and a vision statement expresses what that organization would like to become.

A mission statement gives a definition of the business of that organization, it helps to tell the goals, objectives and how they hope to attain these goals.

A vision statement on the other hand is a statement that gives a description of the future of the organization. It tells what the organization would love to attain in the future.

Both the vision and the mission statement are combined to give the statement of goals, objectives and value of the organization.

Read more on brainly.com/question/21852114?referrer=searchResults

3 0
3 years ago
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