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3 years ago

Inventory records for Marvin Company revealed the following:

Business

1 answer:

motikmotik3 years ago

8 0

"8.60" (and any subsequent words) was ignored because we limit queries to 32 words.

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Cracker Company had 2 million shares of common stock outstanding all through 2017. On April 1, 2018, an additional 100,000 share

JulsSmile [24]

Answer:

a. $ 2.41 $ 2.00

Explanation:

Earning per share is the ratio of net Income of the business per outstanding share of the business after deducting the preferred dividend from net earning. It shows how much each stockholder earn against their each share in a specific period.

Earning Per share = Net Income / Outstanding numbers of shares

2017

EPS = $8,000,000/(2,000,000 x 2) = $2.00

As new stock is issued and stock split is declared so, outstanding numbers of shares are changed.

2018

EPS = $10,000,000 / [ ( 2,000,000 x 2 ) + ( 100,000 x 9 / 12 x 2 ) ] = $2.41

8 0

3 years ago

Largo Company has unit costs of $10 for materials and $30 for conversion costs. If there are 2,500 units in ending work in proce

SpyIntel [72]

Answer:

$55,000

Explanation:

Calculation for the total cost assignable to the ending work in process inventory

First step is to calculate the ending Materials Cost:

Ending Materials Cost = [(2,500 units × $10]

Ending Materials Cost = $25,000

Second Step is to calculate the ending Conversion Cost:

Ending Conversion Cost = [(2,500 units × 40%) × $30]

Ending Conversion Cost = [(1,000) × $30]

Ending Conversion Cost = $30,000

Last step is to calculate the total cost assignable to the Ending work in process inventory cost using this formula

Ending work in process inventory cost = Ending Materials Cost + Ending Conversion Cost

Let plug in the formula

Ending work in process inventory cost = $25,000 + $30,000

Ending work in process inventory cost = $55,000

Therefore the total cost assignable to the ending work in process inventory is $55,000

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3 years ago

Which of the following correctly describes globalization

kondor19780726 [428]

what is your question ??

I think u have missed some parts here in the question ..

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2 years ago

Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?

Simora [160]

Hello, your correct answer is,

<span>C) Tree branch breaks your bedroom window during a storm.

Hope I helped, tell me if I'm wrong!
</span>

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Mike and David signed a loan agreement together to borrow money for a boat. If David leaves town and cannot be found, what happe

iren [92.7K]

<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>

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3 years ago

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