Do you mean Sabrina Carpenter? If so, this is an actor/singer.
Answer: b. Carlton's income statement will have to be revised to include the earnings per share data
Explanation:
The options to the question are:
a. No changes will have to be made to Carlton's income statement. The income statement is complete without the earnings per share data.
b. Carlton's income statement will have to be revised to include the earnings per share data.
c. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's market capitalization is greater than $5,000,000.
d. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's net income for the past two years was greater than $5,000,000.
From the question, we are informed that the senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carlton's income statement for the current fiscal year and that while reviewing the income statement, Carlton's finance director noticed that the earnings per share data has been omitted.
The changes that will have to be made to Carlton's income statement as a result of the omission of the earnings per share data is that Carlton's income statement will have to be revised to include the earnings per share data.
Answer:
1. C
2. A
3. C
4. A
5. C
6. B
7. B and C
8. C
9. A and B
10. B
Explanation:
A lean business is a business concept used by organizations to eliminate waste and maximize value for growth and development. The lean business concept include the following;
- <em>A total quality management (TQM) is a management framework that is focused on achieving long-term success through the satisfaction of your customers by the efforts of all the member of staff in an organization.</em>
- <em>Just-in-time (JIT) is a management framework that is focused on cutting manufacturing costs and increase efficiency between suppliers and consumers through the use of a proper inventory system.</em>
- <em>A continuous improvement (CI) is a management technique that is focused on improving manufacturing processes, products and services through the elimination of redundancy and time-wasting activities in an organization.</em>
1. Total quality management (TQM): Courteous employees
2. Just-in-time (JIT): Food produced to order
3. Total quality management (TQM): Clean tables and floors
4. Just-in-time (JIT): Orders filled within three minutes
5. Total quality management (TQM): Standardized food making processes
6. Continuous improvement (CI): New product development
7. Total quality management (TQM) and Continuous improvement (CI): Customer satisfaction surveys
8. Total quality management (TQM): Standardized menus from location to location.
9. Continuous improvement (CI) and Just-in-time (JIT): Drive-through windows.
10. Continuous improvement (CI): Continually changing menus.
Answer:
Overally, the statement of cash flows will report net cash inflows of $145,000.
Explanation:
The sale would attract proceeds of $145,000 which is a cash inflow to the company.
The profit on sale of ( $145,000 - $120,000 )$25,000 is a non- cash flow item.
The Purchase of new equipment by signing a long-term note payable is a non-cash financing and investment activity.
Conclusion :
Overally, the statement of cash flows will report net cash inflows of $145,000.
