Answer:
Basic earning per share $0.21 per share
Explanation:
Basic Earning per share = ( Net Income - Preferred stock dividend ) / Weighted Average outstanding shares
Basic Earning per share = ( $200,000 - $50,000 ) / 700,000
Basic Earning per share = $150,000 / 700,000
Basic Earning per share = $0.2143 / share
Weighted average Outstanding shares = 500,000 + 200,000
Weighted average Outstanding shares = 700,000 shares
Answer: B) $13.89 per share
Explanation:
In order to find the net asset value or NAV of a mutual fund we have to know the liabilities and assets that fund has as of the date that we want to calculate the NAV. Then we will subtract its total liabilities from its total assets. Then we will divide that number by the number of shares to find the net asset value.
Total assets = 750 million
Total liabilities = 125 million
Current shares outstanding = 45 million
(750 million - 125 million)/45 million =13.89
Answer & Explanation:
<u>a.- Revenues: </u>Increase for 3.2 millions
It will be recognize for the entire order, as it was deliveried entirely within the accounting period.
<u>b.- Earnings: </u> Increase for 1.5 millions
The earnings for the business will be the net between the revenues and expenses.
3.2 revenues - 1.7 expenses = 1.5 earnings
<u>c.- Receivables: </u> Increase for 1.8 millions
It will increase for the unpaid portion ofthe order.
<u>d.- Inventory</u> Decrease for 1.7 millions
It will decrease for the entire cost of the order, as it was within this accounting period both, revenues and the expense related to it, will be recognize.
<u>e.- Cash:</u> Increase for 1.4 millions
It will increase for the amount received from the customer. As it was no payment from the business in the transaction.
