Answer:
$.5
Explanation:
Net Income $200,000
Shares outstanding from Jan 1-June 30 450,000*6/12=225,000
Shares outstanding from Jul 1-December 31 (450,000-100,000)*6/12=175,000
Weighted average shares outstanding (225,000+175,000)=400,000
Basic EPS=Net income-preferred stocks dividend (if any)/Weighted Average shares outstanding=$200,000/400,000=$.5
Answer:
LIFO method
Explanation:
The last-in, first-out (LIFO) inventory method values the cost of goods sold (COGS) using the price of the last purchases made by the company. This valuation method is accepted by the US GAAP and it is generally applied when the replacement costs are continuously increasing.
On the other hand, the IFRS (the international accounting standard) does not allows LIFO, it only accepts FIFO.
Answer:
cumulative quantity discounts
Explanation:
Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.
Answer:
Budgeted Production is obtained by adding Sales to the desired finished goods inventory and subtracting beginning finished goods inventory.We move opposite to get to the budgeted production .
For example if we have $ 300,000 sales and desired ending inventory is $ 50,000 and finished good beginning inventory is $ 25,000 so the budgeted production would be
Budgeted Production = Sales + Desired Ending Inventory - Beginning Inventory
Budgeted Production = $ 300,000 + $ 50,000- $ 25,000= $ 325,000
Answer:
E. is accurately described by all of the above
Explanation:
- The main difference is that the entrepreneurs took at the big picture and are more ideal, innovative and risk-takers and focuses more on the startups and growth and spread of business and attempts to make profits
