Answer:
The new EPS is $ 3.16
Explanation:
In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as to arrive at the number of shares eligible for the earnings after such repurchase.
The number of shares repurchased=$634,000/$62.97
= 10,068.29
The average weighted number of shares after repurchase is 309,931.71 (320,000-10,068.29)
EPS after repurchase=$980,000/309,931.71
=$3.16 per share
Debt ceiling crisis!
we call it debt ceiling crisis
Answer:
The debit in the journal entry to record sale is Accounts receivable debit by $24700.
Explanation:
The gross method requires a company to record the sale at the gross value i.e. without deducting the discount allowed. Thus, under Gross method, the sale is recorded at its actual value. The entry to record this sale is:
Accounts Receivable 24700 Dr
Sales revenue 24700 Cr
Thus, in this entry under gross method, the debit is Accounts receivable by $24700.
Answer:
Less, fall, toward
Explanation:
Refer to Exhibit 3-17. At a price of $20, the quantity demanded of good X is less than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon fall. This would push the price toward the equilibrium price.
There is 1000 tickets and you have one so you have 1 in a 1000 chance
