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2 years ago

What is the Reconstituted Firm???

Business

2 answers:

ella [17]2 years ago

8 0

Explanation:

When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

Georgia [21]2 years ago

4 0

When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.

Reconstruction of a partnership firm refers to any change in the existing partnership or in the agreement between the existing partners. It results at the end of the existing partnership and a new partnership comes into existence with changed terms and conditions and the profit sharing Ratio of the partners

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Hungry lunch has net income of $73,402, a price-earnings ratio of 13.7, and earnings per share of $.43. How many shares of stock

Degger [83]

Answer: The number of shares outstanding is approximately 170702.32 shares.

We have :

EPS $0.43

Net Income $73,402

The formula for computing EPS is

$EPS = \frac{Net Income}{Number of shares outstanding}$

Substituting the values from the question in the formula above we get,

$Number of shares outstanding = \frac{73402}{0.43}$

$Number of shares outstanding = 170702.3256$

6 0

3 years ago

Read 2 more answers

Homer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annu

kotegsom [21]

Answer:

$165,000

Explanation:

The computation of the annual net cash flow is shown below:

But before that first we have to find the depreciation expense which is

= (Initial cost - Salvage Value) ÷ estimated life

= ($400,000 - $75,000) ÷ 5 years

= $65,000

Now the annual net cash flow is

= Depreciation expense + Net Income

= $65,000 + $100,000

= $165,000

We simply added the depreciation expense and the net income so that the annual net cash flow could come

4 0

2 years ago

Which of the following was a way that wartime industry shifted in the years following the war to promote economic prosperity and

Lisa [10]

Answer: a. The government shifted its resources from defense spending to helping big industries like the auto industry.

Explanation:

The era after the second world war saw massive government spending in the American economy. The government invested heavily in construction, education, the auto industry and others.

This led to unparalleled prosperity as Americans enjoyed high employment and high growth rates which led to high consumption and investments such that the American economy surged forward in leaps and bounds.

7 0

2 years ago

Gradwell, Inc., manufactures and sells two products: Product K8 and Product I4. Data concerning the expected production of each

lisabon 2012 [21]

Answer:

Gradwell, Inc.

The overhead applied to each unit of Product I4 under activity-based costing is closest to:_______.

$243.00 per unit.

Explanation:

a) Data and Calculations:

production per unit DL rate Total Labor Cost

product K8 300 5.0 1,500 $17.20 $25,800

product I4 900 3.0 2,700 $17.20 $46,440

total direct labor hours 4,200 $17.20 $72,240

production per unit Direct Materials Total Material Cost

product K8 300 $150.20 $45,060

product I4 900 $243.70 219,330

Total direct materials costs = $264,390

Estimated Expected activity

Activity Cost Pools Activity Measures Overhead Product Product Total

Cost K8 I4

labor related DLHs $176,064 1,500 2,700 4,200

machine setups setups 71,290 400 600 1,000

order size MHs 121,396 4,300 4,600 8,900

Total $368,750

Overhead Cost Allocation Product Product Total

K8 I4

Labor cost $62,880 $113,184 $176,064

Machine setups 28,516 42,774 71,290

Order size 58,652 62,744 121,396

Total $150,048 $218,702 $368,750

Quantity 300 900

Overhead per unit $500.16 $243.00

4 0

2 years ago

Crane Company on January 1, 2018, granted stock options for 63000 shares of its $10 par value common stock to its key employees.

attashe74 [19]

The amount of compensation expense Crane should record for 2017 under the fair value method is $207000

<u>Solution:</u>

From the given,

Stock options for 63000 shares

$10 par value common stock

$25 per share and the option price was $20

Total compensation expense = $627000

On calculating we get,

$\Rightarrow\frac{627000}{3}= \$207,000$

We can conclude that there is $207,000 decrease. Therefore, the correct answer is option c.

3 0

3 years ago

What is the Reconstituted Firm???​

What is the Reconstituted Firm???