Answer:
Earnings Per Share = $3.6
Explanation:
Given
Net Income Average = $33,480
Weighted-average common shares outstanding = 9,300
Shares sold = 4,300
Required
Calculate the company's earnings per share.
Earning per share is calculated as thus;
Let N represent the Net Income; P represent the Preferred Dividend and W represent the Weighted-average common shares outstanding
The question says there was no preferred stock;
So, P= 0
Substitute $33,480 for N and 9,300 for W.
The formula becomes;
Hence, the calculated Earnings per share of Mayan company is $3.6
Answer:
d. checking
Explanation:
A savings account is a type of bank account that pays interests and it allows you to deposit and withdraw your money when needed.
Money market refers to the market of financial institutions that want to lend or borrow money for a short period of time that doesn't exceed 12 months.
Corporate bond is debt issued by private companies to get funds.
A checking account is a bank account that allows you an easy access to the money you have and it is designed to used it for all your transactions like paying all the expenses.
Acccording to this, an account designed for payment of regular bills is the checking account.
Answer:
A
Explanation:
consumers reduce spending because of a recession
Answer:
Dear Management
Classifying costs in an essential part of the management of a business. Classifying costs help us identify more accurately where the money that the firm is spending is going, and this also allows us to identify what costs to raise or to cut.
Costs can be classified according to their nature: labor costs or material costs.
They can also be classified according to their traceability: direct costs (can be traced back to the final product), or indirect costs (cannot be traced back to the final product).
They can also be classified according to their behaviour: variable costs, mixed costs, and fixed costs.
And, they can be classified according to their function: production costs, commercial costs, administrative costs, and so on.
As can be seen, the classifications are numerous, and very important, and any well-run company makes use of these classifications in order to improve the performance of the business.
Answer:
We have a total Debit and credit amount of $24,400
Explanation
Attached herewith is the adjusted trial balance of the company. In preparation of trial balance, we must consider na nature of the accounts to be recorded. All assets account with normal balances should be posted as debits. All Liabilities and equities accounts with normal balances should be posted on credit side. Revenue is on credit side and all expenses on the other hand is posted on debit side.
