Answer:
A lot of different businesses could meet his needs. Many are illegal but one is to do delivery work for various restaurants.
Explanation:
Answer:
$632,000
Explanation:
The computation of the amount of balance in the right of use asset after two years is shown below:
Balance in right of use asset after 2 years is
= Recorded value - ((Recorded value × rate of interest) × number of years)
= $790,000 - (($790,000 × 10%) × 2)
= $790,000 - ($79,000 × 2)
= $790,000 - $158,000
= $632,000
hence, the balance is $632,000
Answer:
-$2.24
Explanation:
For computation of EPS amount first we need to find out weighted average common shares outstanding and net income available to common stockholders the is shown below:-
Weighted average common shares outstanding = (Outstanding common shares ÷ 2) - (Treasury shares × 4 months ÷ 12 months) + (Issued shares × 2 months ÷ 12 months)
= (230,000 ÷ 2) - (11,500 × 4 ÷ 12) + (4,600 × 2 ÷ 12)
= 115,000 - 3,833.33 + 766.67
= 111,933.34
Net Income Available to Common Stockholders = Net loss - Number of shares × Par value × Shares percentage
= -$250,000 - 2,300 × $10 × 5%
= -$251,150
Earning per share = Net Income Available to Common Stockholders ÷ Weighted average common shares outstanding
= -$251,150 ÷ 111,933.34
= -$2.24
Therefore for computing the earning per share we simply applied the above formula.
Answer:
$34,600
Explanation:
The computation of beginning retained earnings balance is seen below:
But we know that;
Ending balance of retained earnings = Beginning balance of retained earnings + Net income - Dividend paid
$51,600 = Beginning retained earnings + $21,100 - $4,100
Beginning retained earnings = $51,600 - $21,100 + $4,100
Beginning retained earnings = $34,600
