What is EPS an idication of?

An employer interviews 150 qualified applicants, 100 white and 50 hispanic. if 25 whites are hired, what is the least number of

Tpy6a [65]

The answer is 10 Hispanics. :)

8 0

3 years ago

What do you feel is the most important thing that you can do when saving money and what are some other ways you can save money.

Gnesinka [82]

Check your stuff to see what you already have and what you need.To go around buying everything you want just because its pretty.

4 0

3 years ago

Lansbury Inc. had the following balance sheet at December 31, 2019.

timofeeve [1]

Answer:

See explanation

Explanation:

Requirement A

See the image Below:

Requirement B

LANSBURY INC.

BALANCE SHEET

As at December 31, 2020

Assets

Cash $37,000

Accounts receivable $41,600

Investment $20,400 (Note - 1)

Plant asset $81,000

Less: Accumulated depreciation ($11,000)

Book value of Plant asset $70,000

Land $53,000

Total assets $222,000

Liabilities and Stockholders' Equity

Liabilities

Accounts payable $30,000

Notes payable $25,000

Total liabilities $55,000

Stockholders' Equity

Common Stock $120,000

Retained earnings $ 47,000 (Note - 2)

Total stockholders' equity = $167,000

Total liabilities & Stockholders' Equity = $222,000

Note - 1:

Sold investment's cost value calculation -

Selling price = $15,000

Less: Gain on sale = ($3,400)

Cost price = $11,600

Investment during 2019 = $32,000

Sale of Investment (book value) $11,600

Remaining value of Investment = $20,400

Note - 2:

Beginning $23,200

Add: Net Income $32,000

Less: Dividend ($8,200)

Ending retained earnings = $47,000

Requirement C

1. Cash flow to net income ratio:

It shows how much cash flows from operating activities during the year over a specific net income.

We know, Cash flow to net income ratio = $\frac{Cash flow from operating activities}{Net Income}$

Cash flow to net income ratio = $\frac{19,200}{32,000}$

Cash flow to net income ratio = 60%

2. Operating cash flow ratio:

It shows how much cash flows from operating activities during the year from the use of current liabilities.

We know, Operating Cash flow ratio = $\frac{Cash flow from operating activities}{Current liabilities}$

Operating Cash flow ratio = $\frac{19,200}{30,000}$

Operating Cash flow ratio = 64%

Note: Here, accounts payable is the only current liabilities as notes payable has a long-term value.

8 0

3 years ago

On December 31, 2016, Ditka Inc. had Retained Earnings of $285,800 before its closing entries were prepared and posted. During 2

lakkis [162]

Answer:

Closing Entries Dated 31, 2016

Dr. Cr.

Closing Income Accounts

Service revenue $186,100

Interest revenue $90,300

Income Summary $276,400

Closing Expense Accounts

Income Summary $153,400

Supplies Expense $96,900

Advertising expenses $18,200

Salaries and wages $21,000

Income tax expense $17,300

Closing Income Summary Account

Income Summary $123,000

Retained Earning $123,000

Closing Dividend Account

Retained Earning $7,800

Dividend $7,800

Explanation:

All the Income and Expenses accounts are closed to Income summary account. The net balance of income summary account is transferred to retained earning account. The dividend balance is also transferred to retained earning account to close it. Ultimately all the balances are netted off in retained earning account.

8 0

3 years ago

Kate decides to issue cash dividends on both the common stock and the preferred stock. Currently there are 50 outstanding prefer

tangare [24]

Answer:

Journal Entry for both type of shares is given below

Explanation:

DATA

Preference shares = 50

Common shares = 500

Dividend for preference shareholders = $6/share

Dividend for Common shareholders = $2/share

Entry DEBIT CREDIT

Dividend (for preference shares) $300

Dividend (for common shares) $1000

Cash $1,300

Working

Preference shares dividend = 50 x $6/share = $300

Common shares dividend = 500 x $2/share = $1000

3 0

3 years ago