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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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Alex Ltd. produces kitchen tools, and operates several divisions as profit centers. Division M produces a product that it sells
alexira [117]

Answer:

Division N's purchase costs will decrease by $90,000 per year

Explanation:

Division N's purchase cost form outside vendor = total units purchased per year x unit price = 30,000 units x $15 = $450,000

if Division N obtains the product form division M with a transfer price of $12 per unit, their costs will decrease by = total units x (vendor price - transfer price) = 30,000 units x ($15 - $12) = $90,000 per year

4 0
3 years ago
When total revenues fall below total costs, production should end. However, if marginal revenue exceeds variable cost, productio
const2013 [10]

Answer:

False

Explanation:

A firm should end production and shut down only when its total revenue falls below variable costs, because at this point, production will bring about more losses, compared to if the company isn't producing at all.

<u>If total revenue exceeds and can cover its variable cost, a firm should remain in operation in the short run</u> (even if it is incurring losses), as this contributes to paying off the firm's fixed costs.

8 0
3 years ago
On January 10, Chen Co. issued an $80,000, 6%, 90-day note payable to Rao Co. Using a 360-day year, what is the total interest e
Yanka [14]

Answer:

d. $1,200

Explanation:

The computation of the interest expense is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $80,000× 6% × (90 days ÷ 360 days)

= $1,200

We simply apply the simple interest formula

Since the number of days and the total number of days are given so we considered the same for the computation part.

4 0
3 years ago
when selling a product, the collection of buyer-specific benefits that a seller offers to a buyer is known as
Inga [223]

Customer value proposition refers to the assortment of buyer-specific benefits that a seller provides to a buyer when selling a product.

More about the Customer value proposition:

A customer value proposition (CVP) in marketing is the total of the advantages a vendor guarantees a customer will receive in exchange for the related payment (or other value-transfer).

A company can create value in their product or service while marketing to potential customers by using a customer value proposition. This is frequently determined by totaling the benefits that vendors offer to their customers.

Similar to the USP, this is a succinct claim intended to persuade buyers that a specific good or service will be more valuable or better able to address their issue than those offered by competitors.

Learn more about the Customer value proposition:

brainly.com/question/2740037

#SPJ4

6 0
2 years ago
Meteor Tie Company produces ties from fabric according to Q = 10 + 4 F – (1/3) F 3. If fabric is free and ties sell for $20, wha
Leya [2.2K]

Answer:

The optimal usage of fabric = 2

Explanation:

Given the quantity, Q = 10 + 4F - (1/3) F^3

Selling price = $20

Profit = TR - TC

There is no variable cost and let the fixed cost is constant G.

Profit =  PQ - G  

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Now take the first order derivative:

d(profit) / dF = 0

20(4 - F^2) = 0

F = 2

Therefore the optimal usage of fabric = 2

8 0
3 years ago
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