2 years ago

A. compute the basic earnings per shareb. compute the diluted earnings per share

Business

1 answer:

Nookie1986 [14]2 years ago

8 0

It is compute the dilutes earnings per share. I think it’s B.

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On December 31, the Income Summary account of Madison Company has a debit balance of $111,000 after revenue of $117,000 and expe

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Answer:

a) See the image attached for the sheet of closing entry

b) New balance = (174000-111000-12000) = 51000

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3 years ago

When direct materials are used in production, costs are assigned by debiting Work-In-Process Inventory and crediting __________.

astraxan [27]

Answer:

finished goods

Explanation:

I would assume finished goods. At a multiple process step company, you would again credit WIP materials

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2 years ago

What is free trade? A. Trade that is not subject to taxes or fees B. Trade that governments do not interfere with C. Trade with

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2 years ago

Suppose the median household earned $9,242 in 1976 and $52,624 in 2016. During that time, also suppose the CPI rose from 45.6 to

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Answer:

a) 469.40%

b) 18.15%

Explanation:

Total nominal growth rate = $(\frac{\textup{Earned income in 2016}}{\textup{Earned income in 1976}}-1)\times100\%$

thus,

Total nominal growth rate = $(\frac{\textup{52,624}}{\textup{9,242}}-1)\times100\%$

= 469.40%

b) Total real growth rate = $(\frac{\textup{Real earned income in 2016}}{\textup{Real earned income in 1976}}-1)\times100\%$

now,

Real earned income in 1976 = $\frac{\textup{Earned income in 1976}}{\textup{CPI in 1976}}$

= $\frac{\textup{9,242}}{\textup{45.6}\%}$

= $20,267.54

and,

Real earned income in 2016 = $\frac{\textup{Earned income in 2016}}{\textup{CPI in 2016}}$

= $\frac{\textup{52,624}}{\textup{219.75}\%}$

= $23,947.21

Therefore,

Total real growth rate = $(\frac{\textup{23,947.21 }}{\textup{20,267.54 }}-1)\times100\%$

= 18.15%

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2 years ago

____________ transforms resource inputs from the environment into product outputs.

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Answer:

Open system

Explanation:

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2 years ago