<span>Avoidable cost refers to variable costs that can be avoided. It is a cost that can be foregone by not partaking in or no longer performing an activity that will lead to incurring said cost.For example, a business organization looking for methods to reduce or eliminate expenses often analyze the avoidable costs associated with the project.</span>
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
Answer:
Rye's earnings per share = $2.41 per share (Approx.)
Explanation:
Given:
Number of Average outstanding common share = 196,000
Net income =$470,400
Number of authorized common share = 395,000
Number of treasury shares = 24,000
Number of issued shares 220,000
Find:
Rye's earnings per share
Computation:
Earnings per share = Net income / Number of Average outstanding common share
Rye's earnings per share = 472,400 / 196,000
Rye's earnings per share = $2.41 per share (Approx.)
