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3 years ago

Shale oil mining corporation is a u.s. employer. shale oil and other u.s. employers must perform i-9 verifications for

1 answer:

5 0

Shale oil mining corporation is an u.s. employer. shale oil and other u.s. employers must perform i-9 verifications for Each new hire.
 I-9 is used for verifying the identity and employment authorization of individuals hired for employment in the United State and conducted to make sure that the new employee has the full legal right to work in United States

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Calculating Average Operating Assets, Margin, Turnover, and Return on Investment East Mullett Manufacturing earned operating inc

Nady [450]

Answer:

1. $425,000

2. 10.49%

3. 1.25

4. 13.11%

Explanation:

The computations are shown below:

1. For Average operating assets

= (Beginning Operating Assets + Ending Operating Assets) ÷ 2

= (390,000 + 460,000) ÷ 2

= $425,000

2. For margin:

= Net Operating Income ÷ Sales × 100

= $55,750 ÷ $531,250 × 100

= 10.49%

3. For turnover:

= Sales ÷ Average Operating Assets

= $531,250 ÷ $425,000

= 1.25

4. For return on investment:

= Net Operating Income ÷ Average Operating Assets

= $55,750 ÷ $425,000

= 13.11%

3 0

3 years ago

The information below pertains to Barkley Company for 2015.

alexira [117]

Answer:

a. $1.38

b. anti-dilutive.

Explanation:

Basic Earnings Per Share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stock Holders

Earnings Attributable to Holders of Common Stock Calculation :

Net income for the year $1,160,000

Less Bond Interest after tax ($2,010,000 × 7% × 80%) ($112,560)

Less Preference Stock dividend ($4,080,000 × 6%) ($244,800)

Earnings Attributable to Holders of Common Stock $802,640

Weighted Average Number of Common Stock Holders Calculation :

Common Stock (5,800,000 / $10) 580,000

Weighted Average Number of Common Stock Holders 580,000

Basic Earnings Per Share = $802,640 / 580,000

= $1.38

Diluted Earnings Per Share = Adjusted Earnings Attributable to Holders of Common Stock / Adjusted Weighted Average Number of Common Stock Holders

Adjusted Earnings Attributable to Holders of Common Stock Calculation :

Earnings Attributable to Holders of Common Stock $802,640

Add Back Bond Interest after tax ($2,010,000 × 7% × 80%) $112,560

Add Back Preference Stock dividend ($4,080,000 × 6%) $244,800

Adjusted Earnings Attributable to Holders of Common Stock $1,160,000

Adjusted Weighted Average Number of Common Stock Holders Calculation

Weighted Average Number of Common Stock Holders 580,000

Add Convertible Bonds ($2,010,000 / $1,000 × 30) 60,000

Add Convertible Preference Shares ($4,080,000/$100 ×3) 122,400

Less Common Stock Options (82,100)

Adjusted Weighted Average Number of Common Stock Holders 680,300

Diluted Earnings Per Share = $1,160,000 / 680,300

= $ 1.70

Conclusion : Convertible Bonds, Convertible Preference Shares and Common Stock Options are anti-dilutive.

6 0

3 years ago

Appalachian Ski Shop signs a three-month note payable to help finance increases in inventory for the winter ski season. The note

kolezko [41]

Answer:

Interest Expense 696 Interest Payable 696

Explanation:

Based on the information given the appropiate adjusting journal entry to be made on December 31, 2022 for the interest expense accrued to that date, If we assumed that no journal entries have been made previously to accrue interest is:

December 31, 2022

Dr Interest Expense $696

Cr Interest Payable $696

($34800*8%*3/12)

(To record interest expense accrued)

3 0

3 years ago

Managerial accounting information Question 48 options: A) pertains to the entity as a whole and is highly aggregated. B) is cons

KengaRu [80]

Answer:

The correct answer is letter "D": pertains to sub-units of the entity and may be very detailed.

Explanation:

Managerial Accounting is internally-based accounting that helps managers measure the results of their decisions. This is in contrast to financial accounting which emphasizes more general, higher-level financial results. One common managerial accounting tool is determining the profit margin in each of the company's products. This information helps managers set product prices and ensure that they are making appropriate profit margins.

7 0

3 years ago

A father and his son are celebrating the father's 75th birthday. Drink for drink, who will most likely have a higher BAC ?

Temka [501]

The one who will most likely have a higher BAC is the father because a person who is older will most likely have the higher BAC, as the father is already seventy five and much older to his son, he will be therefore have a higher BAC compared to his son.

4 0

3 years ago

Read 2 more answers