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Strauch Co. has one class of common stock outstanding and no other securities that are potentially convertible into common stock. During 2010, 100,000 shares of common stock were outstanding. In 2011, two distributions of additional common shares occurred: On April 1, 20,000 shares of treasury stock were sold, and on July 1, a 2-for-1 stock split was issued. Net income was $410,000 in 2011 and $350,000 in 2010. What amounts should Strauch report as basic earnings per share in its 2011 and 2010 comparative income statements?
If fixed costs are $561,000 and the unit contribution margin is $8.00, illustrate what is the break-even point in units if variable costs are decreased by $.50 a unit?
Upstream Inter-segment Sales: $180,000 Downstream Inter-segment Sales: $60,000 For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?
Compute the simple rate of return on the new automated bottling machine.- The management of Ballard MicroBrew is considering the purchase of an automated bottling machine for $120,000.
Sparks Company’s SUTA rate for next year is 3.25% because its reserve ratio falls into the state's 10% to less than 12% category [(contributions - benefits paid) ÷ average payroll = $414,867 ÷ $3,521,790 = 11.78%]. what would be the least amount of t..
Prepare general journal entries to record the following transactions for the Harris Company. Prepare journal entries for the following for Bartz, Inc.
effective december 31 2003 zintel corporation proposes to issue additional shares of its common stock in exchange for
Company has three departments. Data for the most recent year is presented below: Compute the change in operating income if Olson Company eliminates Dept. C and does not replace it. Compute the change in operating income if Olson Company eliminates De..
Identify net cash from operating activities for the year of 2014 & 2013. Identify net cash used in investing activities for the year 2014 & 2013. Identify net cash from financing activities for the year 2014 & 2013.
Calculate inventory turnover and days' inventory on hand for 2010 and 2011. (Round to one decimal place.) If you did C4, refer to your answer there for CVS.
If tickets to a movie cost$7.25 for adults and $5.50 for students. A group of friends purchased 8 tickets for $52.75. What would be an equation to represent this equation? How many adult tickets and student tickets were purchased?
Find the following values for a lump sum assuming annual compounding:
When deciding whether to accept a special order, managers need not consider whether they have available excess capacity.
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