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3 years ago

11

This type of pay is defined as added pay for employees that have reached the maximum of a pay grade and are unlikely to move int

o higher grades.

1 answer:

Anna71 [15]3 years ago

5 0

The answer is <span>longevity pay.</span>

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True or false: republicans were against most new deal programs because the programs borrowed money to pay for them.

Juli2301 [7.4K]

I think the answer will be false

7 0

3 years ago

Here is the income statement for Skysong, Inc. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 Sales revenue

jok3333 [9.3K]

Missing information:

(a) Earnings per share s (b) Price-earnings ratio (c) Payout ratio times (d) Times interest earned times

Answer:

a) Earnings per share = $2.64

(b) Price-earnings ratio = 5.3

(c) Payout ratio times (you can calculate 3 payout ratios, the third type which is cash dividend payout ratio cannot be calculated because there is not enough information):

total payout ratio = 26.44%
common stockholders' payout ratio = 22.03%

(d) Times interest earned times = 7.77

Explanation:

earnings per share (EPS) = (net income - preferred stock dividends) / average outstanding common shares

net income = $86,600
preferred dividends = $4,900
average outstanding common stocks = (24,700 + 37,100) / 2 = 30,900

EPS = ($86,600 - $4,900) / 30,900 = $2.64

price earnings ratio = market price per share / earnings per share = $14 / $2.64 = 5.3

2 ways to calculate payout ratio times:

total dividends / net Income = $22,900 / $86,600 = 26.44%
or common stockholders payout ratio = ($22,900 - $4,900) / ($86,600 - $4,900) = $18,000 / $81,700 = 22.03%

times interest earned = EBIT / interest expense

EBIT = net income + interest expense + income taxes = $86,600 + $16,700 + $26,400 = $129,700

times interest earned = $129,700 / $16,700 = 7.77

7 0

4 years ago

Kegler Bowling installs automatic score-keeping equipment with an invoice cost of $190,000. The electrical work required for the

kogti [31]

Answer:

$229,550

Explanation:

The computation of the total recorded cost is shown below:

Particulars Total cost Included or Excluded Machinery Expense

Invoice cost $190,000 Included $190,000

Electrical work

required

for installation $20,000 included $20,000

Delivery costs $4,000 included $4,000

Sales tax $13,700 included $13,700

Repair costs $1,850 excluded $1,850

Total $229,550 $227,700 $1,850

The invoice cost, electrical cost, delivery cost, sales tax included in the machinery and the repair cost is an expense so it come under the expense

8 0

3 years ago

Read the scenario. Brad has a steady job, solid income, and plans to live in a nearby city for the long term. He is looking to p

Setler79 [48]

A) Buying both a car and a home.

7 0

3 years ago

Read 2 more answers

The Filling Department of Lilac Skin Care Company had 4,000 ounces in beginning work in process inventory (70% complete). During

Sloan [31]

Answer:

Direct Materials = 49,000 units

Conversion Costs = 45,280 units

Explanation:

<em>Hi, your question is incomplete. I have uploaded the full question as image below.</em>

Equivalent units are physical units of outputs expressed as percentage in terms of work done on them.

Equivalent units calculation :

Direct Materials = 42,800 x 100 + 6,200 x 100 % = 49,000 units

Conversion Costs = 42,800 x 100 + 6,200 x 40 % = 45,280 units

7 0

3 years ago