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4vir4ik [10]
4 years ago
7

Calculating and Interpreting EPS Information Wells Fargo reports the following information in its 2015 Form 10-K. In millions 20

15 2014 Wells Fargo net income $25,116 $25,279 Preferred stock dividends $1,646 $1,458 Common stock dividends $7,400 $6,908 Average common shares outstanding 5,136.5 5,237.2 Diluted average common shares outstanding 5,209.8 5,324.4 Determine Wells Fargo's basic EPS for fiscal 2015 and for fiscal 2014. Round answers to two decimal places.
Business
1 answer:
Delvig [45]4 years ago
6 0
The answer is 20 because 30 is 20 but in a different hdhwgegdhdhbshehdhdb way
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At the beginning of the current season on April 1, the ledger of Kokott Pro Shop showed Cash $3,800; Inventory $4,300; and Commo
KIM [24]

Answer:

Explanation:

1. Journal entries for the month of April 2017

Apr.5

Dr Inventory 1300

Cr Accounts Payable  1300

(Purchase of goods on account from Hogan)  

Apr.5

Dr Inventory 50  

Cr Cash  50

(Freight charges on purchases)  

Apr.9

Dr Accounts Payable 100  

Cr Inventory  100

(Credit received for returned goods from Hogan)  

Apr.10

Dr Accounts Receivable 880  

Cr Sales  880

(Sales of goods on account)  

Apr.12

Dr Inventory 750  

Cr Accounts Payable  750

(Purchase of goods on account from Duffer)  

Apr.14

Dr Accounts Payable 1200  

Cr Cash  1176

Cr Inventory  24

(Payment made to Hogan in full)  

Apr.17

Dr Accounts Payable 50  

Cr Inventory  50

(Credit received for returned goods from Duffer)  

Apr.20

Dr Accounts Receivable 880  

Cr Sales  880

(Sales of goods on account)  

Apr.21

Dr Accounts Payable 700  

Cr Cash  693

Cr Inventory  7

(Payment made to Duffer in full)  

Apr.27

Dr Sales 30  

Cr Accounts Receivable  30

(Credit granted to customers for flaws in goods)  

Apr.30

Dr Cash 850  

Cr Accounts Receivable  850

(Payment received from custmers on account)

2. T accounts calculation is attached with this answer

3. KOKOTT PRO SHOP

Trial balance as at April 30, 2017

Account                      Debit            Credit

Cash                      2731  

Accounts Receivable  6219  

Inventory               880  

Common Stock                       8100

Sales                                       1730

T o t a l                       9830              9830

4. KOKOTT PRO SHOP

Income statement for the month ending April 30, 2017

Sales Revenue 1730

Cost of goods sold (6,219 - 5,469) 750

Gross profit 980

Download xlsx
3 0
3 years ago
Juan has some shares of risky stock from a start-up company, and other shares of stock from an established company with much les
dem82 [27]

Answer: True

Explanation:

Diversifying a portfolio refers to investing in securities that either have a lower risk or risk that is not correlated such that the risk to the portfolio is reduced.

In this scenario, Juan is investing in different securities with varying risk levels so that the portfolio will not be completely wiped out if one security goes bust. To truly diversify his portfolio however, Juan should invest in more than other asset classes such as bonds

3 0
3 years ago
Do businesses receive a water grant?​
Sergio039 [100]

Answer:

Energy and Water funding is a crucial part of the UK government’s carbon emissions responsibility. Finding new ways of funding lower emission energy systems for business is one of the ways that the UK are pushing forward.

Water Capital Grant Scheme

The Water Capital Grant Scheme provides funding of £10 Million to applicants from the farming community, from the land management community and from the agricultural community to deal with water management which is a key issue in the industry. Those running businesses in these areas are able to avail of this scheme and create in-roads in water management.

This is designed to provide support to water management, and will provide £10,000 in a water capital grant to help carry out works which will improve water management and quality. The real focal point of the grant is to improve waterlines around agricultural industry and to reduce the impact of agriculture on the water quality of the surrounding area. The funding is for new projects which will help to move toward this goal, and applicants are able to apply for this through Natural England.

The Water Capital Grants scheme works in accordance with the woodland capital grant scheme, which creates the first of the new Stewardship Scheme from the government. This scheme will be committing £900 million to working with natural resources and protecting and benefiting the resources in the environment. Applicants to this scheme can avail of grant funding to really bring water usage in their business to a better level.

There are a whole range of funding options and projects which are eligible. Some of these are:

installing biobeds

preventing livestock access to watercourses by erecting watercourse fencing

providing drinking troughs as an alternative to watercourse drinking for livestock

relocation of sheep dips and pens

roofing of sprayer washdown areas, manure storage areas, livestock gathering areas, slurry stores and silage stores

Funding will be competitive with grants awarded to applications that best meet the scheme’s priorities and have the greatest environmental benefit.

The new water grants build on the successful Catchment sensitive farming initiative, which between 2013 and 2016 helped over 6,200 farms across the country benefit from a total of £72 million in grant funding to improve water quality and reduce pollution from agricultural activity. The water capital grants scheme under Countryside Stewardship will be managed and delivered through Catchment Sensitive Farming in 2018.

Work funded by the Catchment Sensitive Farming grant scheme over recent years has already brought efficiencies for thousands of farmers and has enhanced local environments throughout England by improving water quality.

Explanation:

4 0
3 years ago
Rise ’n Shine Bakeries is a nationwide chain that has plants located throughout the U.S. Top management at Rise ’n Shine believe
IRISSAK [1]

Answer:

The correct answer is letter "B": False.

Explanation:

A decentralized organization is one in which most decisions are taken by low range managers. On the other hand, centralized firms are characterized by following the guidelines of high-level executives. Decentralized companies have the same reporting structure as centralized institutions but each of them working at their hierarchy level.

5 0
3 years ago
The Harleysville Manufacturing Shop produces motorcycle parts. Typically, 10 pieces out of a job lot of 1,000 parts are spoiled.
Murrr4er [49]

Answer:

B

Materials Control $ 250

Manufacturing Overhead Control $1,000

              Work-in-Process Control $1,250

Explanation:

spoilage rate: 10/1000 = 0.01=1%

the job requires 2,500 goods parts

total part required (considering spoilage)

\frac{requirement}{1-spolage} =$total needs

2,500 /(1-0.01) = 2500/ 0.99 = 2525.2525 = 2525

2525-2500 = 25 spoilage part

<u>Note:</u>

in this case you may think you can simple do 2,500 x 0.01

But if the spoilage rate is high or the amount of high is, then you will have an answer different than the correct method. Stick to the formula given.

25 part x 50 = 1,250

From the work in process, we will subtract this value, we will increase the spoilage materials inventory and charge the diference as actual overhead.

b.

Materials Control $ 250

Manufacturing Overhead Control $1,000

              Work-in-Process Control $1,250

4 0
3 years ago
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