Belltower, Inc. has net income for 2016 of $370,000. At January 1, 2016, the company had outstanding 54,000 shares of $50 par value common stock and 10,000 shares of 6%, $100 par value cumulative preferred stock. On September 1, 2016, an additional 18,000 shares of common stock were issued.
What is the earnings per share for 2016 (to the nearest cent)?
A. $5.17
B. $4.31
C. $4.44
D. $6.17

Answer:

A. $5.17

Explanation:

Use the following formula to calculate the Earnings per share

Earnings per share = ( Net Income - preferred Dividend ) / Weighted average numbers of outstanding shares

Where

Net Income = $370,000

Preferred Dividend = 10,000 x $100 x 6% = $60,000

Weighted average numbers of outstanding shares = 54,000 shares + ( 18,000 shares x 4/12 ) = 54,000 shares + 6,000 shares = 60,000 shares

Placing values in the formula

Earnings per share = ( $370,000 - $60,000 ) / 60,000 shares

Earnings per share = $5.17 per share

The net income for Bramble Corp. for 2022 was $264,300. For 2022, depreciation on plant assets was $65,600, and the company incurred a loss on disposal of plant assets of $30,300.

Required:
Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company’s accounts.

Select the correct answer.
In the United States, which assessment system measures inflation?
OA
demand for goods
ОВ. .
supply of goods
Oc
consumer price index
OD
money supply in the economy

Abe's Steakhouse is the largest upscale steakhouse company in the United States, based on total company- and franchisee-owned restaurants. The company's menu features a broad selection of high-quality steaks and other premium offerings. Assume the information below is from a recent annual report:
a. Common stock, $0.01 par value; 100,090,000 shares authorized; 23,563,356 issued and outstanding at the end of the current year, 23,385,356 issued and outstanding at the end of last year.
b. Additional paid-in capital: $194,389,000 at the end of the current year and $169,431,000 at the end of last year.
c. Retained earnings / (accumulated deficit): ($82,397,000) at the end of last year.
d. In the current year, net income was $53,983,000 and a cash dividend of $7,138,000 was paid.
Required:
Prepare the stockholders’ equity section of the balance sheet to reflect the above information for the current year and last year. (Amounts to be deducted should be indicated with a minus sign.)
Balance sheet
current year last year
shareholder equity
Common stock
Additional paid in capital
Accumulated deficit
total stock holder equity

Economics question please help :))

Does Amit drive a car safely? (into statement)​

The following data are taken from the financial statements of Bar Harbor Company:
2017 2016
Average accounts receivable $530,000 $550,000
Net sales on account 5,800,000 5,200,000
Terms for all sales are 2/10, n/30
a) Compute the accounts receivable for both years.
b) Compute the average collection period for both years.

Nick and Rosa are going to a music festival and are debating whether they should buy food at the festival or bring sandwiches. They only have $7 each to spend on food but would prefer the convenience of buying sandwiches at the festival to the task of preparing them beforehand. If they bring sandwiches, they will eat them regardless of how much food costs at the festival (having already expended the effort of preparing the sandwiches), and will get a utility of 10. Alternatively, if they don't bring sandwiches and are able to buy food for $7 or less, they will get utility of 20. However, if food at the festival costs more than $7 and they don't get to eat, they will get a utility of 0. The numbers in the following table reflect the utility Nick and Rosa get under each of the described outcomes.

Food Price
Options More than $7 $7 or less
Try to buy food 0 20
Bring sandwithces 10 10

If the probability that food costs more than $7 is 50%, then the expected value of utility from not preparing food is ________ , and the expected
value of utility from bringing sandwiches is___________ .

NoW, suppose Nick and Rosa a third if food at festival Costs more than $7, buy sandwiches less $7 at a deli and bring them back to the festival. If Nia and Rosa Can Choose to try to buy food at the festival, knowing they have the to buy at the deli, they now get either a utility Of 10 (if food costs more than $7 and they have to leave the festival to go to the deli) or a utility of 20 (if costs $7 or less and they can buy it at festival).

Assuming the same probabilities as before, the expected value of utility from not preparing food (with the option to convert to buying sandwiches at the deli) is ____________ therefore, the value Of the real option is ___________

Select the correct answer.
According to Peter Drucker, which definition best describes a good entrepreneur?
A.
one who always invents something life altering or ground-breaking
B.
one who always searches for a change, responds to it, and exploits it as an opportunity
C.
one who manages to earn large profits using ethical or unethical business practices
D.
one who ensures availability of his business’s products or services regardless of their quality

A common stock just paid a dividend (D0) of $3.35 per share. Dividends are expected to rise at the rate of 10% per year forever. If the interest rate on this stock is 14% per year, what will the price of this stock be in Year 36?
A. $0.28
B. $12.56
C. $77.96
D. $388.26
E. $1,404.64

PLZ PLZ HELP HELP HELP YALL ITS IMPORTANT ASAP

Risk and Return. We have seen that over long periods of time, stock investments have tended to substantially outperform bond investments. However, it is not at all uncommon to observe investors with long horizons holding entirely bonds. Are such investors irrational?

A team member tells you that when his wife was diagnosed with a serious illness, he stole items from work and sold them, using money for her treatment. he has sice paid back the money taken, in ways that kept his theft secret. ethically, what should you do?
A. attempt to gather evidence to determine whether or not the theft in fact occurred.
B. report him to his manager
C. advice the team member to tell his manager
D. talk with a lawyer to see if this can be justified

The purpose or objectives of competition policy​

Using the center for gravity method, determine the optimal x-coordinate for a single facility location to serve the following 5 sites (R1-5) with the following given coordinates and daily demands. x* = []
F X Y W
R1 8 7 100
R2 2 4 220
R3 6 8 80
R4 4 7 180
R5 12 15 350

The team is working through the planning processes. They are using a plan-driven approach to this system-critical change that will impact security and data protection. They are concerned about getting as much information as possible for their work. They are meeting today to begin planning for quality on their project. All of the following are inputs to the Plan Quality Management process except:______.
a. Guidelines and standards and the stakeholder register
b. The project statement and requirements documentation
c. Project work results and lessons learned repository
d. The project charter and the WBS

Marigold Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $305000 $504000 Annual net income 30000 46000 Net annual cash inflow 110000 156000 Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111
The net present value for Project Nuts is:_______.
a. $84000.
b. $679380.
c. $336316.
d. $175380.

What is the primary reason for keeping money in the form of cash

The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Wright Company. Additional information from Wright's accounting records is provided also.
WRIGHT COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021 2020
Assets
Cash $ 121 $ 105
Accounts receivable 148 150
Short-term investment 53 18
Inventory 148 145
Land 110 135
Buildings and equipment 725 550
Less: Accumulated depreciation (205) (150)
$ 1,100 953
Liabilities
Accounts payable $ 42 $ 50
Salaries payable 4 8
Interest payable 9 7
Income tax payable 9 12
Notes payable 0 35
Bonds payable 320 250
Shareholders’ Equity
Common stock 420 350
Paid-in capital—excess of par 195 175
Retained earnings 101 66
$ 1,100 $ 953
WRIGHT COMPANY
Income Statement
For Year Ended December 31, 2021
($ in thousands)
Revenues:
Sales revenue $ 620
Expenses:
Cost of goods sold $ 280
Salaries expense 88
Depreciation expense 55
Interest expense 18
Loss on sale of land 5
Income tax expense 94 540
Net income $ 80
Additional information from the accounting records:
Land that originally cost $25,000 was sold for $20,000.
The common stock of Microsoft Corporation was purchased for $35,000 as a short-term investment not classified as a cash equivalent.
New equipment was purchased for $175,000 cash.
A $35,000 note was paid at maturity on January 1.
On January 1, 2021, bonds were sold at their $70,000 face value.
Common stock ($70,000 par) was sold for $90,000.
Net income was $80,000 and cash dividends of $45,000 were paid to shareholders.
Required:
Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method.

A comparative balance sheet and income statement is shown for Cruz, Inc.
CRUZ, INC. Comparative Balance Sheets December 31, 2013
2013 2012
Assets
Cash $94,800 $24,00
Accounts receivable, net 41,000 51,000
Inventory 85,800 95,800
Prepaid expenses 5,400 4,200
Furniture 109,000 119,000
Accum. depreciation- Furniture (17,000) (9,000)
Total assess $319,000 $285,000
Liabilities and Equity
Accounts payable $15,000 $21,000
Wages payable 9,000 5,000
Income taxes payable 1,400 2,600
Notes payable long-term 29,000 69,000
Common stock, $5 par value 229,000 179,000
Retained earnings 35,600 8,400
Total liabilities and equity $319,000 $285,000
CRUZ, INC. Income Statement For Year Ended December 31, 2013
Sales $488,000
Cost of goods sold 314,000
Gross profit 174,000
Operating expenses
Depreciation expense $37,600
Other expenses 89,100 126,700
Income before taxes 47,300
Income taxes expense 17,300
Net Income $30,000
Use the above balance sheet and income statement to prepare the cash provided used from operating activities section by direct method. Amounts deducted should be indicated with a minus sign.

On July 31, 2020, Vaughn Company had a cash balance per books of $6,132.05. The statement from Dakota State Bank on that date showed a balance of $7,748.15. A comparison of the bank statement with the Cash account revealed the following facts.

1. The bank service charge for July was $25.
2. The bank collected $1,720 for Keeds Company through electronic funds transfer.
3. The July 31 receipts of $1,297.50 were not included in the bank deposits for July. These receipts were deposited by the company in a night deposit vault on July 31.
4. Company check No. 2480 issued to L. Taylor, a creditor, for $391 that cleared the bank in July was incorrectly entered as a cash payment on July 10 for $319.
5. Checks outstanding on July 31 totaled $1,866.60.
6. On July 31, the bank statement showed an NSF charge of $576 for a check received by the company from W. Krueger, a customer, on account.

Required:
Prepare the bank reconciliation as of July 31.

Journalize the following transactions for Tamarisk Company.
(a) Purchased 6,500 units of raw materials on account for $12,200. The standard cost was $13,000.
(b) Issued 6,210 units of raw materials for production. The standard units were 6,360.

You want to invest in a riskless project in Sweden. The project has an initial cost of SKr3.86 million and is expected to produce cash Inflows of SKrl.76 million a year for three years. The project will be worthless after three years. The expected inflation rate in Sweden is 3.2 percent while It is 2.8 percent In the U.S. A risk-free security is paying 4.1 percent In the U.S. The current spot rate is $1 = SKr7.7274. What is the net present value of this project in Swedish krona if the International Fisher effect applies?
a. SKr1, 087, 561
b. SKr958, 029
c. SKr701, 458
d. SKr823, 333
e. SKr978, 177

The Varone Company makes a single product called a Hom. The company has the capacity to produce 40,000 Homs per year. Per unit costs to produce and sell one Hom at that activity level are: Direct materials $20 Direct labor $10 Variable manufacturing overhead $5 Fixed manufacturing overhead $7 Variable selling expense $8 Fixed selling expense $2 The regular selling price for one Hom is $60. A special order has been received at Varone from the Fairview Company to purchase 8,000 Homs next year at 15% off the regular selling price. If this special order were accepted, the variable selling expense would be reduced by 25%. However, Varone would have to purchase a specialized machine to engrave the Fairview name on each Hom in the special order. This machine would cost $10,800 and it would have no use after the special order was filled. The total fixed costs, both manufacturing and selling, are constant within the relevant range of 30,000 to 40,000 Homs per year. Assume direct labor is a variable cost. If Varone has an opportunity to sell 37,960 Homs next year through regular channels and the special order is accepted for 20% off the regular selling price, the effect on net operating income next year due to accepting this order would be:________
a. $33,320 decrease
b. $35,480 decrease
c. $33,320 increase
d. $35,480 increase

Effect of accruals on the financial statements

Milea Inc. experienced the following events in 2016, its first year of operations:

1. Received $20,000 cash from the issue of common stock.
2. Performed services on account for $56,000.
3. Paid the utility expense of $2,500.
4. Collected $48,000 of the accounts receivable.
5. Recorded $10,000 of accrued salaries at the end of the year.
6. Paid a $2,000 cash dividend to the stockholders.

Required:
Record the events in general ledger accounts under an accounting equation.

Zouar Computer Corporation currently manufactures the disk drives that it uses in its computers. The costs to produce 5,000 of these disk drives last year were as follows:
Cost per drive
Direct materials $12
Direct labor 2
Variable manufacturing overhead 5
Fixed manufacturing overhead 7
Total $26
Kidal Electronics has offered to provide Zouar with all of its disk drive needs for $27 per drive. If Zouar accepts this offer, Zouar will be able to use the freed up space to generate an additional $40,000 of income each year to produce more of its computer keyboards. Only $3 per drive of the fixed manufacturing overhead cost above could be avoided. Direct labor is an avoidable cost in this decision. Based on this information, would Zouar be financially better off making the drives or buying the drives and by how much?
a. $15,000 better to buy.
b. $20,000 better to buy.
c. $35,000 better to buy.
d. $60,000 better to make.

Twilight Company uses the aging of accounts receivable method to estimate Bad Debt Expense. The balance of each account receivable is aged on the basis of three categories as follows: (1) 1-30 days old, (2) 31-90 days old, and (3) more than 90 days old. Based on experience, management has estimated what portion of receivables of a specific age will not be paid as follows: (1) 3%, (2) 14%, and (3) 37%, respectively. At December 31, 2019, the unadjusted credit balance in the Allowance for Doubtful Accounts was $270. The total Accounts Receivable in each age category were: (1) 1-30 days old, $63,000, (2) 31-90 days old, $12,000, and (3) more than 90 days old, $5,000.
Required:
a. Calculate the estimate of uncollectible accounts at December 31, 2019.
b. Prepare the appropriate adjusting entry dated December 31, 2019

Explain what nuclear medicine technologists and magnetic resonance technologists have in common.

____ communication occurs when the downstream throughput is higher than the upstream throughput. in

Janice, a citizen of Nevada, was injured by a defective product manufactured by Hot Plates, Inc., a company incorporated in California. Janice is suing the company for pain and suffering along with medical bills, which exceed $100,000. With respect to diversity of citizenship cases, which of the following is true?

a. If Janice brings the lawsuit in a Nevada state court, Hot Plates, Inc. can have the case removed to federal court.
b. The plaintiff and defendant are required to be residents of the same state.
c. The dollar amount of the controversy is limited to $100,000.
d. If Janice brings the lawsuit in a Nevada state court, the case must be heard there.

Pharoah provides environmentally friendly lawn services for homeowners. Its operating costs are as follows.
Depreciation $1,500 per month
Advertising $450 per month
Insurance $3,330 per month
Weed and feed materials $20 per lawn
Direct labor $13 per lawn
Fuel $3 per lawn
Pharoah charges $80 per treatment for the average single-family lawn.
(a) Determine the company's break-even point in number of lawns serviced per month o per Break-even point lawns
(b) Determine the company's break even point in dollars.