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Romashka [77]
2 years ago
14

Dan signs a check payable to Eagle Investors, Inc., and gives it to Eagle, leaving the amount blank but authorizing Eagle to fil

l in the check for $1,000. Eagle fills in $1,500 and negotiates the check to First State Bank, to whom Eagle owes $1,500. First State, an HDC, can enforce the check for:
Business
1 answer:
34kurt2 years ago
8 0

Answer:

$1,500

Explanation:

Based on the information given we were told that Eagle fills in the amount of $1,500 instead of the amount of $1,000 which Dan authorize Eagle to fill in which they went ahead to as well negotiates the check payable to First State Bank because Eagle owes First State Bank the amount of $1,500 which means that First State Bank which is an HDC, can enforce the check for the amount of $1,500 which was negotiated by Eagle to First State Bank.

Therefore First State, an HDC, can enforce the check for: $1,500

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A multinational strategy entails having a separate strategy for each nation in which a company markets its products
Studentka2010 [4]
This statement above would be known to be called a (true/false) question, and based on my information, this statement above would be known to be a "true" statement. This would be true in many marketing companies that would be out there. They would always contain a strategy for each nation, and therefore this would then resolve to which a company would produce it's market productions.

Your answer: True
4 0
3 years ago
In 2019, Carla Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Carla had reve
dimulka [17.4K]

Answer:

Diluted earnings per share for 2020. is 93 cents

Explanation:

Diluted Earnings per share shows the<em> future position</em> of the Earnings per shareholders once the potential shareholders begin exercising their rights.

Potential Shareholders exists due to Financial Instruments that <em>might be converted into ordinary shares</em>. Examples are Convertible Bonds, Options, Convertible Preference shares.

<em>Step 1 Calculate Basic Earnings Per Share</em>

Basic Earnings Per Share = Earnings Attributable to Ordinary Shareholders / Weighted Average Number of Ordinary Shares in Issue during the period.

<u>Profits attributable to Ordinary Shareholders :</u>

Earnings  ( $14,700 - $6,900)                                                     $7,800

<em>Less</em> After tax Interest on Bonds (60×$1,000×8%×80%)         ( $3,840)

Profits attributable to Ordinary Shareholders                           $ 3960

<u>Weighted Average Number of Ordinary Shares</u>

Common stock  outstanding                                                       2,400 shares

Basic Earnings Per Share = $ 3960/ 2,400

                                            = 165 cents

<em>Step 2 Calculate Diluted Earnings Per Share</em>

Diluted Earnings Per Share = Adjasted Basic Earnings per Share Earnings/ Adjasted  Number of Ordinary Shares

<em></em>

<u>Adjusted Basic Earnings per Share Earnings</u>

Profits attributable to Ordinary Shareholders                           $ 3960

Add Savings on Interest (60×$1,000×8%×80%)                        $3,840

<em>Adjusted Basic Earnings per Share Earnings                          $7,800</em>

<u>Adjusted  Number of Ordinary Shares</u>

Common stock  outstanding                                                       2,400 shares

Add 60× 100 shares of Convertible Bonds                                6,000 shares

<em>Adjusted  Number of Ordinary Shares                                    8,400 shares</em>

Diluted Earnings Per Share =  $7,800/8,400 shares

                                                = 93 cents

7 0
3 years ago
An analysis of the accounts of Roberts Company reveals the following manufacturing cost data for the month ended June 30, 2022.
dmitriy555 [2]

a. The Cost of Goods Manufactured Schedule for the month ended June 30, 2022 can be prepared as follows:

Cost of Goods Manufactured Schedule

Work in Process Beginning         $5,000

Raw materials purchase              49,900

Direct labor                                   47,000

Manufacturing Overhead             19,900

Total costs incurred                  $121,800

Ending balance                           ($7,000)

Cost of goods manufactured $114,800

b. The presentation of the ending inventories on the June 30, 2022 balance sheet will be showed as follows:

Current Assets:

Inventory:

Raw materials     $13,100

Work in process    7,000

Finished goods     8,000   $28,100

Data Analysis:

Inventory         Beginning    Ending

Raw materials     $9,000     $13,100

Work in process   5,000        7,000

Finished goods    9,000        8,000

Costs incurred:

Raw materials $54,000

Direct labor $47,000

Manufacturing overhead $19,900

The specific overhead costs were:

Indirect labor                                $5,500

Factory insurance                        $4,000

Machinery depreciation              $4,000

Machinery repairs                        $1,800

Factory utilities                             $3,100

Miscellaneous factory costs        $1,500

Total manufacturing overhead $19,900

T-accounts:

Raw materials

Account Titles         Debit     Credit

Beginning    $9,000

Purchases    54,000

Work in Process          $49,900

Ending                            $13,100

Work in Process

Account Titles         Debit     Credit

Beginning        $5,000

Raw materials 49,900

Direct labor     47,000

M/Overhead    19,900

Finished Goods        $114,800

Ending balance           $7,000

Finished Goods

Account Titles         Debit     Credit

Beginning balance $9,000

Work in Process     114,800

Cost of Goods Sold          $115,800

Ending balance                   $8,000

Thus, the total cost of goods manufactured for the month ended June 30, 2022 is $114,800.

Related link for computing the cost of goods manufactured at brainly.com/question/14686513

4 0
3 years ago
Sharon had some insider information about a corporate takeover. she unintentionally informed a friend, who immediately bought th
yawa3891 [41]

This is an example of insider trading, which is using private company data or information to make improper gains.

7 0
3 years ago
You are saving money for a down payment on a new house. You intend to place $7,500 at the end of each year for three years into
blondinia [14]

Answer:

you earn  7,510

Explanation:

5 0
2 years ago
Read 2 more answers
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