Answer:
The new EPS is $ 3.16
Explanation:
In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as to arrive at the number of shares eligible for the earnings after such repurchase.
The number of shares repurchased=$634,000/$62.97
= 10,068.29
The average weighted number of shares after repurchase is 309,931.71 (320,000-10,068.29)
EPS after repurchase=$980,000/309,931.71
=$3.16 per share
Answer:
The restaurant need to sell 46.6 slices (47 slices)
Explanation:
Giving the following information:
The restaurant sells pizza at a rate of $13.57/slice. Expenses for the restaurant include raw material for pizza at $8.57 per slice, $172.00 as monthly rental and $61.00 monthly as insurance.
To calculate the break-even point in units, we need to use the following formula:
Break-even point= fixed costs/ contribution margin
Break-even point= (172 + 61) / (13.57 - 8.57)
Break-even point= 46.6 slices
Answer:
B. Unearned Revenue and a credit to Service Revenue.
Explanation:
The adjusting entry is given below:
Unearned revenue $1,000
To Service revenue $1,000
(Being service revenue is recorded)
Here unearned revenue is debited as it decreased the liabilities and credited the service revenue as it increased the revenue
Therefore the option b is correct
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
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