On January 1, 2021, Swifty Corp. had 482,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1: Issued 126,000 shares March 1: Issued a 10% stock dividend May 1: Acquired 104,000 shares of treasury stock June 1: Issued a 3-for-1 stock split October 1: Reissued 61,000 shares of treasury stock. June 1: Issued a 3-for-1 stock splitOctober 1: Reissued 60,000 shares of treasury stocka. Determine the weighted-average number of shares outstanding as of December 31, 2018.b. Assume that Wilke Corp. earned net income of $3,456,000 during 2018. In addition, it had 100,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2018. Compute earnings per share for 2018, using the weighted-average number of shares determined in part (a).c. Assume the same facts as in part (b), except that the preferred stock was cumulative. Compute earnings per share for 2018.d. Assume the same facts as in part (b), except that net income included a loss from discontinued operations of $432,000 (net of tax). Compute earnings per share for 2018.
Answers: 1
Business, 21.06.2019 21:30, shandrablue9348
The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing company: work in process inventory $0 raw materials inventory $ 28 comma 100 finished goods inventory $ 40 comma 600 additional data: 1. actual manufacturing overhead for january amounted to $ 65 comma 000. 2. total direct labor cost for january was $ 63 comma 400. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no. 151, for which total direct labor charges were $ 5 comma 200 (1 comma 300 direct labor hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 700. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 300. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for january?
Answers: 3
Business, 22.06.2019 10:00, mayamabjishovrvq9
Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.
Answers: 2
On January 1, 2021, Swifty Corp. had 482,000 shares of common stock outstanding. During 2021, it had...
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