Answer:
$7.23
Explanation:
Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares
Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares
Basic Earnings per share = $7,155,000 / 990,000 shares
Basic Earnings per share = 7.22727273
Basic Earnings per share = $7.23
So, the amount of Angel's basic earnings per share for 2021 is $7.23.
Answer:
The The number of sweatshirts the company would need to sell to earn a target profit of $1,710 is closest to <u>570</u> sweatshirts.
Explanation:
This can be calculated as follows:
Selling price per unit = $15
Total cost price per unit = Average unit cost + Sales commission per unit = $7 + $5 = $12
Profit per unit = Selling price per unit - Total cost price per unit = $15 - $12 = $3
Target profit = $1,710
Number of sweatshirts to sell to earn a target profit = Target profit / Profit per unit = $1,710 / 3 = 570
<span>In America through most of the 1800's, a firm stand was taken in favor of the classical economic views of smith and ricardo.</span>
Answer:
a.Perishable items must have an actual physical flow of FIFO
Explanation:
- Cost flow estimates are required to determine the cost of goods sold and to end inventory. Companies make some ump habits about what goods are sold and what items are listed (as a result of various accounting methods).
- Financial reporting and tax benefits and the actual movement of goods are not required to be accepted
- The continuous inventory system may have different end inventory and COGS yields compared to the periodic inventory system due to LIFO's calculation time and weighted average cost flow estimates.
- Reducing or exceeding the lower price of goods sold when prices fall or rise
