Problem 4-5 Income statement presentation: Restructuring costs: Discontinued operations; Accounting error
The preliminary 2018 income statement of Alexian Systems, Inc. is presented below ALEXIAN SYSTEMS, INC. Income Statement For the Year Ended December 31, 2018 ( sin millions, except earnings per share) Revenues and gains: Net sales $ 432 Interest 10 Other income 133
Total revenues and gains 575
Expenses: Cost of goods sold 277
Selling and administrative 158
Income taxes 42
Total expenses 477
Net Income 98
Earnings per share 3.50
Additional Information: 1. Selling and administrative expenses include $33 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining S13 million is from the gain on sale of investments 3. Cost of goods sold was increased by $10 million to correct an error in the calculation of 2017's ending inventory. The amount is material Required: Prepare a revised income statement for 2018 reflecting the additional facts. Use a multiple-step format Assume that an income tax rate of 30% applies to all income statement items, and that 28 million shares of common stock were outstanding throughout the year (Enter your answers in millions except earnings per share. Round EPS answers to 2 decimal places.)

5 pounds of cashews should be mixed with the peanuts to ensure no change in the​ revenue for the nut store.

Let x be the number of pounds of cashews

Given,20 pounds of peanuts are sold at a rate of $1.50 per pound

and the mixture is sold at a rate of $2.0 per pound

According to the Question,

\(\frac{20*1.5 + 4*x}{x +20}=2\)

\(\frac{30+4x}{x+20} =2\)

x=5

Hence, 5 pounds of cashews should be mixed with the peanuts to ensure no change in the​ revenue

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The question was incomplete. Check below the full question

A nut store normally sells cashews for​ $4.00 per pound and peanuts for $1.50 per pound. But at the end of the month the peanuts had not sold well, so, in order to sell 20 pounds of peanuts, the manager decided to mix the 20 pounds of peanuts with some cashews and sell the mixture for $2.00 per pound. How many pounds of cashews should be mixed with the peanuts to ensure no change in the​ profit?

Answer:

prices of all goods and services bought by US households

Explanation:

i. In the black market, the equilibrium price and quantity can be found by equating the demand and supply functions. Setting Qp (demand) equal to Q (supply) gives us: 12 - P = 2P Solving for P: 3P = 1 P = 4

Substituting the equilibrium price (P) back into either the demand or supply function gives us the equilibrium quantity: Q = 2P = 2 * 4 = 8 Therefore, the equilibrium price in the black market is $4 per cigarette, and the equilibrium quantity is 8 cigarettes. ii. With the government seizing and destroying half of the cigarette supply, the new supply function becomes: Q = (1/2) * 2P = P The demand function remains the same: Qp = 12 - P To find the new equilibrium price and quantity, we set the new demand equal to the new supply:12 - P = P Solving for P: 2P = 12 P = 6 Substituting the new equilibrium price (P) back into the demand or supply function gives us the equilibrium quantity: Q = P = 6 Therefore, the new equilibrium price in the black market is $6 per cigarette, and the equilibrium quantity remains at 6 cigarettes. iii. The consumer surplus between (a) and (b) decreases. In the black market, consumer surplus is represented by the area above the equilibrium price (P) and below the demand curve. As the equilibrium price increases from $4 to $6, the consumer surplus decreases because consumers have to pay a higher price for the same quantity of cigarettes. iv. In the open market with a tax (T) equal to the pre-tax price (P), the demand and supply functions are: Demand: Qp = 12 -  Supply: Q = 2P.

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Answer: a debit to accounts receivable and credit to service revenue

Explanation:

The adjusting entry to record revenue for services the seller has performed but not yet collected requires: A debit to Accounts Receivable and credit to Service Revenue.

The appropriate journal entry the record revenue for services the seller has rendered but not yet collected will includes debiting account receivable and crediting service revenue.

Adjusting journal entry

Debit Accounts Receivable

Credit  Service Revenue

Inconclusion the adjusting entry to record revenue for services the seller has performed but not yet collected requires: A debit to Accounts Receivable and credit to Service Revenue.

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According to the condition, it will happens you can make the purchase, but you will also be charged an overdraft fee.

A checking account's overdrafts are covered via an agreement made with the bank or other financial institution known as overdraft protection. This service normally has a cost attached to it, usually up to a predetermined maximum.

Even if there isn't enough money in your bank account, overdraft protection ensures that transactions still go through. Checks, ATM withdrawals, and debit card transactions are typically covered by this insurance.

The recipient won't be aware of your low bank balance thanks to overdraft protection, which also ensures that urgent transactions go through.

Therefore, if you have $35 in your checking account and swipe your debit card for a $50 purchase with overdraft protection, it will happens you can make the purchase, but you will also be charged an overdraft fee.

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Answer:

Hmm.

Explanation:

Training as a team can help the teammates understand each other's strengths and weaknesses, and how each teammate can help each other.

(In sports training at lest)

'But training helps reduce a disparity between your teams. Each employee has a baseline knowledge of their individual and their team's goals, putting everyone on the same page. Additionally, employees all receiving the same training means they share responsibility and are aware of their role on the team.'

Advantages:

Disadvantages:

Hopes this helps :)

Answer:

To secure people's money

Explanation:

People's money can easily be stolen but if you put your money in the bank they would have to be a skilled hacker to steal your money

The Federal Reserve, serving as fiscal agent for the Treasury, shall guarantee that depositaries provide adequate collateralization for public money, as defined above, that surpasses relevant insurance limitations based on the collateral requirements provided by the government agencies.

Their constitutional power also extends to the executive branch, which they may sway by accepting or rejecting presidential nominees for positions at agencies, managing the federal budget, and using their right to filibuster (delay or prevent legislation through protracted discussion). A proposal can either be accepted and signed into law by the president, or it can be rejected (vetoed). The majority of the time, Congress has the option to pass legislation by overriding the president's veto and making it law. According to the Constitution's list of three qualifications, the President must be at least 35 years old, a citizen of the United States by birth, and have lived in the nation for at least 14 years.

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Answer:

job

Explanation:

you get paid for working at a job

Answer:

c

d

Explanation:

The "collection-float" component which includes processes like "opening-mail" and "separating-payment" from "remittance-advice" is  known as (a) Mail-Float.

The "Mail-float" refers to time it takes for payments to physically move through the postal system and reach the recipient organization. It encompasses tasks such as receiving, sorting, and opening mail, as well as extracting the payment and associated documents from the envelope.

Mail float is an important consideration in cash management as it affects the time it takes for payments to enter the organization's payment processing system. Efficient handling of mail can help minimize delays and optimize cash-flow management.

Therefore, the correct option is (a).

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The given question is incomplete, the complete question is

The collection float component that includes processes such as opening the mail and separating the payment from the remittance advice, is generally known as what?

(a) Mail Float

(b) Processing Float

(c) Availability Float

(d) Clearing Float

Answer:

b

Explanation:

Answer:

$16.24

Explanation:

Answer:

If you choose a private university, chances are your tuition is going way up. Prestigious university with accredited programs can also be a bit pricey. Same thing goes for Ivy league schools. Community colleges are relatively inexpensive anywhere you go. Universities in big cities often have a higher tuition if you're considering location. Room and board arrangements differ. If you choose to live on campus in a basic dorm the expense won't be too bad. Colleges could also have the option of off campus housing which is way more expensive and they have different rooms you can choose from. Meal plans are also included in room and board so that's something to consider.

Explanation:

The annual mean wage for the managers that was illustrated in the graph is A. $75000.

From the chart, it can be seen that the approximate annual mean wage for gaming managers is $75,000.

From the complete information, it should be noted that the main conclusion that can be deduced from the information on the chart is that majors in engineering and technology lead to above-average salaries.

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Answer:

THE ANSWER IS 75,000 DOLLARS WAGE IN THE GRAPH.

Explanation:

plz mark me brainliest

Answer:

d

Explanation:

A general increase in prices over time diminishes customers' purchasing power because a constant quantity of money will eventually allow for less consumption. Whether inflation is running at 2% or 4%, consumers still lose purchasing power; they just do it twice as quickly at the higher rate.

The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.

A general increase in prices over time diminishes customers' purchasing power because a constant quantity of money will eventually allow for less consumption. Whether inflation is running at 2% or 4%, consumers still lose purchasing power; they just do it twice as quickly at the higher rate.

The exchange rate is mostly impacted by inflation, which has an effect on imports and exports. High interest rates are a result of high inflation, which weakens the currency. Increased inflation will also have an impact on exports by directly impacting the cost of goods like labor and materials.

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Answer:

useful

Explanation:

i got it from USA test prep

The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is 8.17%.

We can use the formula for compound interest to solve this problem:

A = P(1 + r)^t

where A is the final amount, P is the principal (initial investment), r is the annual interest rate (as a decimal), and t is the number of years.

In this case, we know that P = $480, A = $1,979.62, and t = 13. We want to solve for r:

$1,979.62 = $480(1 + r)^13

Dividing both sides by $480:

4.12337541667 = (1 + r)^13

Taking the 13th root of both sides:

1 + r = 1.08171876629

Subtracting 1 from both sides:

r = 0.08171876629

Multiplying by 100 to convert to a percentage and rounding to two decimal places, the answer is:

The annual interest rate, compounded annually, at which $480 must be invested for it to grow to $1,979.62 in 13 years is 8.17%.

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The financial measures, which are used to determine a company's credit rating is: its current ratio and its interest coverage ratio. The Option D is correct.

A corporate credit rating is a numerical assessment of a company's creditworthiness that quantifies the likelihood of debt default. Rating agencies issue corporate credit ratings, which assist investors in determining the riskiness of investing in a corporate bond.

A credit rating agency or company assists investors in determining how risky it is to invest in a specific country, security, or bond by providing independent, objective assessments of a company's and country's creditworthiness.

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Formal statements, such as mission statements, values, and codes of conduct, can indeed help to change an organization's culture. They can serve as a guide for decision-making and problem-solving, and as a reminder of the organization's goals and principles.

To be effective, formal statements must be aligned with the organization's actions and practices. They must be visible, consistent, and reinforced through training, feedback, and recognition. They must also be inclusive, reflecting the diversity and perspectives of the organization's members. They can influence the way employees interact with each other, with customers, and with the wider community. They can foster a sense of purpose, accountability, and pride among the organization's members.

However, formal statements alone are not enough to change an organization's culture. They must be accompanied by leadership commitment, employee engagement, and continuous improvement. Leaders must model the desired behaviors and hold themselves and others accountable for living up to the organization's standards. The organization must also be willing to adapt and evolve its culture as needed to meet changing circumstances and challenges.

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'if a prospect calls to RSVP for a meeting, a permission to contact form is not required for that meeting but would be required for a representative to place a follow-up call to a meeting attendee.

This statement is True.

RSVP is an acronym derived from the French phrase Reponed sail Vous plait, which literally means 'reply if you want or simply 'please reply' to request confirmation of the invitation. The acronym "RSVP" is no longer used in France, where it is considered formal and outdated. If you look into etiquette books published in the early 1900s, you'll find many explanations that writing his RSVP on invitations is outdated.

Although a French acronym, RSVP is no longer widely used in France and is considered formal and very archaic. A preferred expression is response rouaite, usually followed by a date or method.

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Answer:

The answer is D.

Explanation:

Got it right on edg

The  following types of work would a company be most likely to preform through outsourcing:  Specialized work that doesn’t require much supervision. Thus option (D) is correct.

A company is a legal entity formed by a group of people, known as shareholders, to conduct business. It is a separate legal entity from its owners, which means that it can enter into contracts, sue or be sued, and own property in its own name.

The primary goal of a company is to generate profits for its owners, but it can also have other objectives such as providing goods and services to customers, creating jobs, and contributing to the community.

The specialized work that doesn’t require much supervision  would a company be most likely to preform through outsourcing. Therefore, option (D) is correct.

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Answer: its not clear

Explanation:

do u mind send or uploading it again?

Answer:

It is C on edge 2021

Explanation:

Answer:

(c) when you select text

Explanation:

The tool bar appears when you select text to provideoptions depending on what you would like to do with the text.