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2 years ago

The information below pertains to Barkley Company for 2015.

Business

1 answer:

Nataliya [291]2 years ago

6 0

Answer:

EPS: 3.04

Diluted EPS: 2.50

Explanation:

Earnings per share:

$EPS = \frac{income - preferred \: dividends}{common \: stock}$

preferred dividends: 2,112,000 x 6% = 126,720

2,240,000 income - 126,720 = 2,113,280‬

outstanding shares:

$6,959,000 / 10 each = 695,900

EPS 2,113,280 / 695,900 = 3,03675

Diluted EPS:

we will calculate as if all possible new share option are exercised.

convertible bonds

2,240,000 / 1,000 = 2,240 bonds

2,240 bonds x 30 possible new shares = 67,200

convertible preferred stock

2,112,000 / 100 = 2,112 preferred stock

2.112 x 3 possible new shares = 6,336‬

stock option: 75,800

Total shares: 695,900 + 67,200 + 6,336 + 75,800 = 845,236

2,113,280‬ / 845,236 = 2,50022 = 2.50

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olga55 [171]

Answer:1. $7720

2. $7945

3. $7758

Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.

Total cost of Sales = Total number of units Sold * Total Cost of inventory sold

= 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60

=$7720

Total units sold=1450 we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.

2. Last in first out method is where the last bought inventory is sold first.

Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1

=$7945

Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.

3. Average Cost = (Sum of all costs/Total number of costs)* total units sold

= (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450

=$7769.58

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3 years ago

Business analytics fuel ________ decision making.

kondaur [170]

Answer:

B. fact-based

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3 years ago

Joe Santos owns the only pizza parlor in a small town that is also home to a McDonald's, a Taco Bell, and a Kentucky Fried Chick

astra-53 [7]

Answer:

True

Explanation:

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But yes, if you consider this two conditions:

a broad definition of monopoly
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3 years ago

Solomon Ski Company manufactures snow skis. During the most recent accounting period, the company’s finishing department transfe

LiRa [457]

The various costs for Solomon Ski Company during the recent accounting period are determined as follows:

1. Cost per equivalent unit is $65.

2. Cost of finished goods transferred out from the finishing department is $269,750.

3. Cost of the ending WIP inventory is $15,600.

<h3>What is the cost per equivalent unit?</h3>

The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.

The equivalent units of production depend on the degree or percentage of completion for the various cost classes.

<h3>Data and Calculations:</h3>

Transfer to finished goods = 4,150

Ending inventory = 480

Degree of completion of the ending inventory = 50%

Total equivalent units = 4,390 (4,150 + 480 x 50%)

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Cost of finished goods = $269,750 ($65 x 4,150)

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Thus, equivalent units refer to the degree of work completed per unit.

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1 year ago

Giancarlo was just hired to revive an ailing publishing company. He would like to see a financial picture of the company at this

Alex

Answer:

balance sheet

Explanation:

A balance sheet is one of the most essential financial statements that helps accountants and managers grasp the financial structure of the company, at a certain point of time.

The balance sheet clearly states the company's assets, liabilities and stockholders' equity, rigorously adhering to the basic accounting equation:

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The equilibrium of the equation above is non-negotiable; it relies on common sense too. Every company owns things - assets, which were obtained with the aid of a e.g. bank loan - liability, or investor money - stockholders' equity.

These three groups can be further itemized into smaller, concrete accounts. Also, the liquidity principle is applicable in terms of ordering the items in an increasing liquidity order.

The time context is also an important distinction of this specific financial statement. While statements such as the P&L statement refer to a specific time interval (year, quarter...), the balance sheet reflects a specific point of time.

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2 years ago