Answer and Explanation:
a. The computation of the weighted average number of shares is shown in the attachment below:
b. Now the earning per share i.e EPS
= (Net Income - Preferred Dividend) ÷ (Weighted average number of shares
)
= ($9,850,000 - $10,000) ÷ (8,720,000 shares)
= $1.13
The preference dividend is
= (2,000 × $100 × 5%)
= $10,000
Answer:
$258,530
Explanation:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Years
Units to be produced 10400 9400 11400 12400 43600
labor hour per unit 0.25 0.25 0.25 0.25 0.25
Total hours required 2600 2350 2850 3100 10900
Variable overhead per unit 1.70 1.70 1.70 1.70 1.70
Total variable overhead 4420 3995 4845 5270 18530
Fixed overhead 84000 84000 84000 84000 336000
Total manufacturing overhead 88420 87995 88845 89270 354530
Less: Depreciation 24000 24000 24000 24000 96000
Cash disbursement for manufacturing overhead 64420 63995 64845 65270 258,530
Therefore the company’s total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole will be $258,530
Answer:
The answer is: D) A 401(k) is controlled and monitored by an employer, and an IRA is controlled by the investing individual.
Explanation:
A 401(k) is sponsored and controlled by an employer. The employer decides where the money is going to be invested. Sometimes the employer may match some of the employees' contributions. The employer can also take loans or hardship withdrawals from the 401(k) funds.
While IRA accounts are held by custodians which are banks or brokerage firms.
Explanation:
The Lepidopteran are species that have a wide range of adaptation in the insect world. They have an important part in the natural ecosystem where they are primary pollinators along with being considered as food in the food chain. These are for example the butterfly and moth categories.
Merits: Several Moth and butterfly species are considered to be beneficial where the economic interests are taken in regard. They are good pollinators and are major sources of silk production. In addition, they also pollinate the agricultural flowers.
Demerits: On the contrary, the caterpillars hatching from the eggs of butterflies can be considered as harmful towards large quantities of crops. They feed on these crops and also lay their eggs in there which in turn makes the crops harmful for human consumption.
Answer:
$150,350
Explanation:
The computation of the cash collected in December is shown below:
Particulars Sept Oct Nov Dec
Sales $165,000 $156,000 $140,000 $177,000
Given percentage 30% 55% 15%
December collection amount $46,800 $77,000 $26,550
Total December collection $150,350
