Answer:
The equipment's net book value on 12/31/2015 is $ 135000.
Explanation:
Net book value of the equipment on 12/31/2015 is given by:
Net book value = cost of the equipment - depreciation expense recognized until 12/31/2015
= $ 350000 - $ 215000
= $ 135000
Therefore, the equipment's net book value on 12/31/2015 is $ 135000.
Answer:
The price per share should be $22.5
Explanation:
The price earnings multiple or P/E tells us how much price the investors are willing to pay for $1 earnings of the company.
We first need to calculate the earnings per share of the company.
Earnings per share = Net Income / Number of outstanding common shares
Earnings per share = 1500000 / 1000000 = $1.5 per share
Using the P/E for the industry, the price per share of Flintstone should be,
P/E = Price per share / Earnings per share
15 = Price per share / 1.5
15 * 1.5 = Price per share
Price per Share = $22.5
There is some concern that increased use of electronic databases could prompt the need for legislation protecting employee privacy rights.
An electronic database is a computer-based collection also listing of the information. Through this the information can be searched in a fast and easy manner.
Electronic databases held organized collections of data, or information, which is thus stored in a computer in a readable form. So sometimes, the increased use of electronic databases might probably prompt the need for legislation which protects employee privacy rights.
Hence, the electronic databases can make it easier to search, query, filter and retrieve required data.
To learn more about legislation here:
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Answer:
equivalent units of production = 6,000 units
Explanation:
given data
process at end of September = 6,000 units
direct materials = 100%
direct labor and manufacturing overhead = 70%
solution
we get here equivalent units of production for the conversion cost that is
equivalent units of production = process at end × direct materials complete .........................1
put here value and we get
equivalent units of production = 6,000 units × 100%
equivalent units of production = 6,000 units
