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Frantic Fast Foods had earnings after taxes of $1,200,000 in the year 2009 with 322,000 shares outstanding. On January 1, 2010, the firm issued 30,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 24 percent.
Compute earnings per share for the year 2009.
Compute earnings per share for the year 2010.
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which of the following is not a characteristic or limitation of the kind of information that financial reporting by
An accounting firm is trying to understand the capability of its process to review certain types of account audits. What is the percentage of audits that will take longer than 15 hours?
How should cost versus usage percentages be assessed and Analyzed? This area will need to address actual costs compared to edible portion costs. It should also include how waste affects costs. 100-150 words
Steins would cost $15.00 each with a minimum order of 200 steins. If the venture is undertaken and a order is placed for 200 steins what would be the break even-point in units and sales?
Incalculating its taxable income for the year, Pheasant claimed an$8,000 deduction for the organizational expenses. What is Pheasant's current E & P?
when making any type of business decision one of the most difficult things to do is distinguish between relevant
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Millman Electronics will produce 60,000 stereos next year. Variable costs will equal 50% of sales, while fixed costs will total $120,000.
Record all of the transactions related to the common stock of LifePath Fitness during the years 2009 and 2010.
Betty's Bunny Barn has experienced a $40,000 loss due to tornado damage to their inventory. Tornados have never before occurred in this area. Assuming that the company's tax rate is 30%, what amount will be reported for this loss on the income sta..
What are the pros and cons of management treating direct labor as a variable cost? Are there ethical issues to be considered here?
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