The senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carlton's income statement for the current fiscal year. While reviewing the income statement, Carlton's finance director noticed that the earnings per share data has been omitted. What changes will have to be made to Carlton's income statement as a result of the omission of the earnings per share data

Answers

Answer 1

Answer: b. Carlton's income statement will have to be revised to include the earnings per share data

Explanation:

The options to the question are:

a. No changes will have to be made to Carlton's income statement. The income statement is complete without the earnings per share data.

b. Carlton's income statement will have to be revised to include the earnings per share data.

c. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's market capitalization is greater than $5,000,000.

d. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's net income for the past two years was greater than $5,000,000.

From the question, we are informed that the senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carlton's income statement for the current fiscal year and that while reviewing the income statement, Carlton's finance director noticed that the earnings per share data has been omitted.

The changes that will have to be made to Carlton's income statement as a result of the omission of the earnings per share data is that Carlton's income statement will have to be revised to include the earnings per share data.


Related Questions

f the short-run aggregate supply curve is horizontal and the long-run aggregate supply curve is vertical, then a change in the money supply will change ______ in the short run and change ______ in the long run.

Answers

Answer:

1.  only output.

2.  only prices

Explanation:

Aggregate supply curve is a graphical representation of supply indices of a firm which shows the total quantity of output, that is real GDP that firms will produce and sell at given price level.

Hence, given that the short-run aggregate supply curve is horizontal and the long-run aggregate supply curve is vertical, then a change in the money supply will change ONLY OUTPUT in the short run and change ONLY PRICES in the long run.

Ethical principles in business A. deal chiefly with the actions and behaviors required to operate companies in a socially and environmentally responsible manner as dictated by government regulations. B. deal chiefly with the rules each company's top management and board of directors make about "what is right" and "what is wrong." C. are not materially different from ethical principles in general. D. are generally less stringent than the ethical principles for society at large. E. are generally more stringent than the ethical principles for society at large.

Answers

Answer:

C. are not materially different from ethical principles in general.

Explanation:

Ethical principles in business are not materially different from ethical principles in general.  They correspond to the protection of life, human dignity, freedom, human integrity, diversity, justice, etc.

In an organization, compliance with ethical principles is essential for the organization's survival. Through organizational ethics it is possible for the organizational culture to be based on respect for personal individualities, the values ​​of employees, mutual respect regardless of hierarchical position, etc.

An ethical company will have a stronger reputation and positioning in the internal and external environment, positively influencing the entire environment and society in general.

Alicia has a fairly weak case to present to her supervisor. In order to be more persuasive, she should

Answers

Answer:

put him in a good mood

Explanation:

As a normal human we know that when the chances  of a event are low to be in our favour, we shall choose the best method, and best time in order to increase the feasibility or possibility of letting that event occur.

Now, in the given case. Alicia is an employee and when she knows that the chances of  getting her demand successful are low, and her case stands weak, that is  chances of getting positive results are low.

Then, she should probably find the best mood of her supervisor so that the supervisor at-least do not completely neglect her views, and rather consider to affirm them.

If she doesn't find a good mood, she should probably try to put him in good  mood.

"A customer contributed $50,000 to a variable annuity contract. The account value has grown over the years and the NAV is now $70,000. The customer is now age 60, and takes a lump-sum distribution of $25,000 to pay for expenses. Which statement is TRUE?"

Answers

Answer: $20,000 of the distribution is taxable and $5,000 is not taxable

Explanation:

The options to the question are:

A. The entire $25,000 distribution is not taxable

B. $5,000 of the distribution is taxable and $20,000 is not taxable

C. $20,000 of the distribution is taxable and $5,000 is not taxable

D. The entire $25,000 distribution is taxable.

From the question, we are told that a customer contributed $50,000 to a variable annuity contract and that the account value has grown over the years and the NAV is now $70,000.

We are further told that the customer is now age 60, and takes a lump-sum distribution of $25,000 to pay for expenses. This indicates that there will be tax deductible in the amount of :

= $70000 - $50000 = $20,000. It should also be noted that $5000 won't be taxed.

If you have an offer that’s targeted towards your leads in your database and wouldn’t provide as much value to your customers, what could you segment by to send only to your leads? answered

Answers

Answer:

Lifecycle stage

Explanation:

Lifecycle stage is a term often used marketing, to describe a strategy or technique prohibiting actual and potential sales leads from declining through the cracks. It can also be utilized to document changing prices through different levels so activity within various levels can be effectively optimized.

Hence, in this situation, one could segment by LIFECYCLE STAGE to send only to leads.

If the natural rate of unemployment equals 5 percent and the actual rate of unemployment equals 6 percent, then cyclical unemployment equals:

Answers

Answer:

1%

Explanation:

The computation of cyclical unemployment is shown below:

Cyclical unemployment is

= Actual rate of unemployment - the natural rate of unemployment

= 6% - 5%

= 1%

We simply deduct  the natural rate of unemployment from the Actual rate of unemployment so that the cyclical unemployment could come and hence the difference is called as a cyclical unemployment, the same is to be considered

When rent is paid in advance for 2 years, it is appropriately recorded as a(n) Blank 1 of 2, whereas when rent is paid and used during one month, it is appropriately recorded as a(n)

Answers

Answer:

Asset; expense.

Explanation:

When rent is paid in advance for 2 years, it is appropriately recorded as an asset because it adds value, whereas when rent is paid and used during one month, it is appropriately recorded as an expense because it has been spent.

An asset can be defined as an resources owned and controlled by an individual or organization, which is capable of providing future economic benefits or has the potential to produce positive economic value. Assets can be used to generate revenue in the future or even in its present state depending on the choice of the owner.

On the other hand, an expense is a term used to describe money spent or cost incurred by an individual or organization.

What amount should Dunbarn report as cash provided (used) by investing activities in its statement of cash flows for the year

Answers

Complete Question:

Dunbarn Co. had the following activities during the year:

Purchase of inventory$120,000

Purchase of equipment 80,000

Purchase of available-for-sale securities 60,000

Purchase of treasury stock 70,000

Issuance of common stock 150,000

What amount should Dunbarn report as cash provided (used) by investing activities in its statement of cash flows for the year?A. $(120,000)B. $(140,000)C. $(210,000)D. $150,000

Answer:

Dunbarn Co.

The amount Dunbarn Ltd should report as cash provided (used) by investing activities in its statement of cash flows for the year is:

B. $(140,000)

Explanation:

a) Investing outflows:

Purchase of equipment                            $80,000

Purchase of available-for-sale securities  60,000

Total spent on investing activities         $140,000

b) Investing activities are the financial activities that an entity engages in to increase its stock of owned resources.  They include cash inflows and outflows around the acquisition of long-term assets and securities.  These are investments made so that the firm can generate more resources for itself.  The purchase of inventory falls under operating activities, as inventory forms part of the main business of the entity.  The purchase of treasury stock and issuance of common stock are classified as financing activities and not investing activities.  This leaves the purchase of equipment and available-for-sale securities as the only investing activities during the year.

The gross domestic product (GDP) of a country was $112 billion in 2001. If the GDP grows at a constant rate of 4.3% per year, in what year will the GDP be greater than $200 billion

Answers

Answer:

The GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.

Explanation:

To calculate the GDP in a particular year after 2001, we know the equation will be,

GDP = 112 * (1+0.043)^t

Where,

t is the time in years

If we want to calculate the year in which GDP will be greater than 200 billion, we need to substitute the GDP part in the equation with amount of say 200 billion.

200 = 112 * (1+0.043)^t

200 / 112 = (1.043)^t

1.785714286  =  (1.043)^t

Taking log on both sides and dividing the equation for t.

log(1.785714286) / log(1.043)  = t

t = 13.772 years rounded off to 14 years

So, the GDP will grow above or will be greater the $200 billion amount during the 14th year from 2001 which will be 2015.

As a technical project​ manager, you have decided to propose implementing a prototyping methodology for a small​ web-based design project. What is the order of steps you will follow in this​ project? .

Answers

Complete/Correct Question:

As a technical project manager you have decided to propose implementing a prototyping methodology for a small web-based design project. What is the first step you will follow in this project?

A. Use the existing prototype.

B. Identify user requirements.

C. Conduct a feasibility study.

D, Identify different solutions.

E, Develop an initial prototype.

Answer:

B, identify user requirements

Explanation:

When prototyping a methodology, it is very important that the project manager identifies or asks for the requirements of the client to ensure that the design doesn't come off as meaningless.

Cheers.  

Japanese automakers have realized that _____ can be a source of competitive advantage, and, as a result, Japanese firms bargain directly with local labor unions to incorporate this into the work practice before agreeing to operations.

Answers

Answer: how work is being organized

Explanation:

Japanese automakers have realized that how work.is being organized can be a source of competitive advantage, and, as a result, Japanese firms bargain directly with local labor unions to incorporate this into the work practice before agreeing to operations.

The way companies organize their work has a role to play in making them standout when compared to their rivals.

If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their _________________________ will be satisfied.

Answers

Answer: double coincidence of wants

Explanation:

Coincidence of wants simply refers to a situation whereby two parties have something that the other person wants, therefore they then exchange the products they have. It should be noted that no financial compensation is involved. This simply has to do with trade by barter.

If William performs plumbing upgrades for Patricia in exchange for her incorporating his business, then their double coincidence of wants will be satisfied.

Derek's new office is undergoing a minor renovation and he cannot conduct business in the location for approximately six months. He decided to lease a temporary office in Samantha's building from June 1 to December 30. Which type of lease has Derek signed?

Answers

Answer:

im not smart but i think its a short term lease

Explanation:

Being less dependent on suppliers and making profits on both parts and the final product are advantages of:_______.

Answers

Answer:

vertical intergrations

For some reason, the seller of a home at 123 Mulberry Lane decided not to close on a sale transaction on closing day. The seller called the title company and told them she would not close the transaction but would not say why. The buyer has a moving truck, already loaded with his things, sitting in front of the home, waiting for possession of the new property. Since the seller refuses to close, what can the buyer do?

Answers

Answer:

The buyer can sue for specific performance of the contract. In real estate, in order for the buyer to be able to sue for specific performance, he/she must have all the money (or mortgage) ready to finish the transaction. It is very difficult for someone to sue for damages for not wanting to complete the sale of a house because houses are unique in a way that similar houses in different neighborhoods or even streets might be worth a lot more or less.

When you sue for specific performance, the non-breaching party will request that the other party performs their side of the contract.

Jones Distributors had the following revenue-related transaction during December: Collected cash for services provided in November, $24,000 Provided services on account, $49,000, of which Jones collected $28,000 Received $4,000 on December 1 for services to be provided evenly in December and January. According to the revenue recognition principle, how much revenue should Jones record for December?

Answers

Answer: $51,000

Explanation:

Jones Distributors following the Revenue recognition principle means that they will only recognize revenue when they have earned it i.e, when they have provided the services for which they were paid to do.

They provided services on account for $49,000 in December

They received $4,000 to provide services evenly in December and January which means that half was done in December so;

= 4,000/2

= $2,000

Total revenue in December = 49,000 + 2,000

= $51,000

"The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England to strengthen its currency would be to:"

Answers

Complete/Correct Question:

The Bank of England is concerned that the British Pound is weakening against the U.S. Dollar. A method for the Bank of England to strengthen its currency would be to:

A. raise British interest rate levels

B. lower British interest rate levels

C. raise U.S. interest rate levels

D. lower U.S. interest rate levels

Answer:

A, raise British interest rate levels

Explanation:

Increasing the interest rate levels of the British will help strengthen the pound against the Dollar. This would mean that the United States is offering lower interest rate.

This is possible because a higher interest rate means that lenders will make higher returns compared to countries with lower interest rates.

Cheers.  

The part of the variable overhead budget variance due to the difference between actual variable overhead cost and the standard cost allowed for the actual inputs used is called the:

Answers

Answer:

variable expenditure variance

Explanation:

The variable expenditure variance is the difference between actual variable overhead cost and the standard cost allowed for the actual inputs used.

An adverse variance results when actual overheads exceeds the standard cost for actual input used for example labor hours.

A favorable variance results when the standard cost for actual input used exceeds the actual overheads.

Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Because of her success at raising money and her extensive list of social contacts, she is recruited by an investment advisory firm to become a representative. Ms. Vanderbilt would be permitted to:

Answers

Complete Question:

Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Because of her success at raising money and her extensive list of social contacts, she is recruited by an investment advisory firm to become a representative. Ms. Vanderbilt would be permitted to:

I. state to customers that she has 10 years of experience in the industry.

II. use the title "investment adviser representative" on her business card.

III. state to customers that she is registered as a representative with the SEC.

Group of answer choices

A. I only

B. II only

C. II and III

D. I, II, III

Answer:

B. II only

Explanation:

In this scenario, Ms. Muffy Vanderbilt is an entrepreneurial socialite who has successfully worked as a fund raiser for a not-for-profit organization for the past 10 years. Consequently, she was recruited by an investment advisory firm to become a representative as a result of her expertise and success at raising money, as well as her extensive list of social contacts.

Hence, Ms. Vanderbilt would be permitted to use the title "investment adviser representative" on her business card but she is prohibited from;

1. stating to customers that she has 10 years of experience in the industry because she worked for a not-for-profit organization.

2. stating to customers that she is registered as a representative with the Securities and Exchange Commission (SEC) because only the investment adviser is required to register with SEC.

She can only register at the state where she's representing the investment adviser.

Hence, points I and III would be considered a misrepresentation if used by Ms. Muffy Vanderbilt.

o
What is not a key to building a sustainable business or dream?
O Monitoring the process
O Breaking the goal into manageable pieces
ODoing everything on your own
O Establishing a goal

Answers

3.Doing everything on your own.
It would be 3 I believe

When the demand for automobiles is high, the demand for workers who build automobiles is high. This relation between the market for automobiles and the market for the labor that builds automobiles is why demand in a factor market is called:_________

Answers

Answer:

Derived demand

Explanation:

Derived demand is the  demand for a factor of production  or an intermediate good used in the production of the final good.

If automobiles were not being produced, there would be no demand for labour. so, the demand for labour is dependent on the automobiles being produced. this is an example of derived demand.

__ describes competition between states and localities, where cutting social services lowers taxes, thereby attracting new businesses and the middle-class.

Answers

Answer:

race to the bottom

Deanna manages a large department store, and as a result, she has the capacity to give the store's employees written warnings, reduce their work hours, or fire them if they do not perform adequately. This is an example of her __ power.

Answers

Answer:

B) Coercive power

Explanation:

Coercive power refer to a power in which the organization forces the employees to do the work as per the given guidelines or instructions and if this things are not happened so they punish the employees if this is not be done. It can be in terms of firing, written warnings, etc

Therefore the given situation represents  the coercive power example and the same is to be considered

A ________ is a performance appraisal method that provides feedback from a panel that typically includes superiors, peers, and subordinates.

Answers

Answer:

360-degree feedback system

Explanation:

360-degree feedback system is a process through which feedback from an employee's subordinates, colleagues, and supervisor(s), as well as a self-evaluation by the employee themselves is gathered.

Suncoast Healthcare is planning to acquire a new x ray machine that costs $200,000. The business can either lease the machine using an operating lease or buy it using a loan from a local bank. Suncoast's balance sheet prior to acquiring the machine is a follows:
Current assets: $100,000 --- debt : $400,000
net fixed assets: $900,00 ---- equity: $ 600,000
total assets : $ 1,000,000 --- total claims: $1,000,000
a. what is Suncoast's current debt ratio?
b. what would the new debt ratio be if the machine were leased? if it iss purchased?
c. is the financial risk of the business different under the two asquistition alternatives?

Answers

Answer:

a. what is Suncoast's current debt ratio?

debt ratio = liabilities / equity = $400,000 / $600,000 = 0.67

b. what would the new debt ratio be if the machine were leased? if it is purchased?

if X-ray machine is leased, debt ratio = $400,000 / $600,000 = 0.67

if X-ray machine is purchased, debt ratio = $600,000 / $600,000 = 1

c. is the financial risk of the business different under the two acquisition alternatives?

yes, because a higher debt ratio means that the company is under a higher financial stress since it has more outstanding loans, which increases the financial risk.

_____________ is a short-term debt security sold by a business firm or financial institution to another business or institution where the seller agrees to buy back the security at a specified price and date.

Answers

Answer:

A repurchase agreement.

Explanation:

A repurchase agreement is a short-term debt security sold by a business firm or financial institution to another business or institution where the seller agrees to buy back the security at a specified price and date.

In terms of stating mortgage rate interest, the standardized rate required by the Truth in Lending Act to facilitate comparison loan shopping is called the

Answers

Answer:

Annual Percentage Rate (APR).

Explanation:

In terms of stating mortgage rate interest, the standardized rate required by the Truth in Lending Act to facilitate comparison loan shopping is called the annual percentage rate (APR).

The annual percentage rate (APR) in financial accounting is usually expressed in terms of percentage of the total yearly cost of funds provided to a borrower of a loan or income earned on an asset.

Hence, the annual rate of interest charged or deducted from a borrower and being paid to an investor is generally referred to as the annual percentage rate (APR).

When the individual labor supply curve is positively sloped, the _____ effect dominates and higher wages lead to _____ hours worked.

Answers

Answer: substitution; more

Explanation:

When the individual labor supply curve is positively sloped, the substitution effect dominates and higher wages lead to more hours worked.

Labor supply has to do with the hours that workers will like to work at a particular wage rate. A higher wage will typically make workers want to spend more hours to work and therefore the substitution effect simply meams that the labour supply curve will be positively sloped.

The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basis is

Answers

Answer:

Process Costing

Explanation:

Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.

AT Oils, a gas station, retails 30,000 gallons of petrol per year. Its ordering costs are $20 per order and holding costs are $40 per gallon. According to the economic order quantity (EOQ) model, approximately how often should the company place a fresh order for petrol

Answers

Answer:

The company should place an order every 2 days

Explanation:

The EOQ or economic order quantity is the quantity which minimizes the inventory related costs. The EOQ is calculated as follows,

EOQ = √(2 * D * O) / H

Where,

D is the annual demandO is the ordering cost per orderH is the holding cost per unit per year

EOQ = √(2 * 30000 * 20) / 40

EOQ = 173.2050808 gallons rounded off to 174 gallons

If the company orders using the EOQ, then at an annual demand of 30000 gallons, the number of times that company should order the EOQ is,

Number of orders = 30000 / 174 = 172.4137931 or 173 orders per year

If the company needs to order 173 times per year, the company should place an order every x number of days.

x = 365 / 173

x = 2.10982659 days rounded off to 2.11 days or every 2 days

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