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3 years ago

Shoe Biz allocates overhead based on machine hours. Selected data for the most recent year follow.

Business

1 answer:

balu736 [363]3 years ago

6 0

Answer:

Explanation:

is the answer I think because it is the nearest or I don't know because I am in kindergarten

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PLEASE HELP!!!

Hitman42 [59]

Answer:40,000+3650=43650 income

Explanation:

8 0

3 years ago

Use the starting balance sheet, income statement, and the list of changes to answer the question. Gulf Shipping Company Balance

aleksandr82 [10.1K]

Answer:

the value for Liabilities on March 31, 2020 is $22,000

Explanation:

Liabilities are current obligations of the entity that arose as a result of past events, the settlement of which will results in the outflow of cash from the entity.

To calculate the value for Liabilities on March 31, 2020, make adjustments to the liability balance that exists at the start of the year with movement that qualify as liabilities as defined above.

Opening balance as at 1 January 2020 = $22,000

Movements in liabilities = $0

Balance as at March 31, 2020 = $22,000

Conclusion :

The liabilities value on March 31, 2020 remains at $22,000

4 0

3 years ago

The following facts apply to the pension plan of Carla Inc. for the year 2020.

Natali5045456 [20]

Solution:

Carla Inc.

Pension Worksheet - 2020

General journal Entries Memo Record

Items Annual pension Cash Pension Projected Plan

expense Asset/liability benefit oblig. assets

Balance, Jan 1 470,900 470,900

Service cost 38,500 38,500

Interest cost 37,672 37,672

Actual return 46,800 46,800

Contributions 24,300 24,300

Benefits 34,700 34,700

Journal entry, 29,372 24,300 5072

Dec 31, 2020

Balance, Dec 31 5072 512,372 507,300

2020

6 0

3 years ago

Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are c

S_A_V [24]

Answer:

Net income = $76,000

Earning per share (EPS):

Income from continuing operations per share = $4.40 per share

Loss from discontinued operations per share = -$3.64 per share

Net Income per share = $0.76 per share

Explanation:

Note: See the attached excel file for the income statement.

Also Note: Two years (2016 and 2018) were mistakenly mentioned in the question instead of just one of them. I therefore picked 2016 to prepare the income statement.

In the attached excel file, the earning per share (EPS) is calculated as follows:

Number of shares outstanding = 100,000 shares

Income from continuing operations per share = Income from continuing operations / Number of shares outstanding = $440,000 / 100,000 = $4.40 per share

Loss from discontinued operations per share = Loss from discontinued operations / Number of shares outstanding = -$364,000 / 100,000 = -$3.64 per share

Net Income per share = Net Income / Number of shares outstanding = $76,000 / 100,000 = $0.76 per share

Download xlsx

5 0

3 years ago

Consider a firm with a contract to sell an asset for $138,000 five years from now. the asset costs $74,000 to produce today. giv

shepuryov [24]

The cost to produce today = 74000

At a discount of 12%, the future value of costs in 5 years = PV*(1+r)^n where PV = 74000, r= 12% = 0.12 and n = 5 years = 5

The value of costs in 5 years = 74000*(1+0.12)^5

The value of costs in 5 years = 74000*1.12^5

The value of costs in 5 years 130,413.28

Price in 5 years = 138,000

Profit = 138,000-130,413.28 = 7,586.72

The profit the firm will make on this asset (considering time value of money) = $7,586.72

6 0

4 years ago