Reference no: EM13146670
Income statement information for Dimsum Corporation during 20x3 is as follows:
a. Administrative expenses, $110,000
b. Cost of goods sold, $440,000
c. Restructuring charge, $125,000
d. Cumulative effect of a change in inventory methods that decreased income (net of taxes, $28,000), $60,000.
e. Extraordinary loss from a storm (net of taxes, $10,000), $20,000.
f. Income taxes expense, continuing operations, $42,000.
g. Net sales, $1,015,000.
h. Selling expenses, $190,000
REQUIRED
1. Prepare Dimsum Corporation's income statement for 20x3, including earnings per share, assuming a weighted average of 200,000 shares of common stock outstanding for 20x3.
2. What is a restructuring charge, and why is it deducted before income from operations before income taxes?
|
Identify level of measurement being used for survey question
: Determine if your survey questions are appropriate for researching your business problem, and explain why they are. Identify the level of measurement being used for each of your survey questions.
|
|
Consider a function that relates tax revenues r
: Consider a function that relates tax revenues R, in billions of dollars, to the average tax rate t such that: R=350t-500t^2 a)What tax rate(s) is consistent with raising tax revenues equal to $60 billion? b)What tax rate(s) is consistent with raisin..
|
|
What is the equilibrium frequency of the a allele
: In an area where malaria is common, the hemoglobin genotypes of humans have the following fitnesses: (WAA=0.8, WAa=1.0, Waa=0.1). What is the equilibrium frequency of the a allele?
|
|
Labor-abundant country, produces only wheat and cloth
: The land to labor ratio in the production of cloth is higher than that in the production of wheat. The opportunity cost of producing cloth is higher than the opportunity cost of producing wheat in country A. .
|
|
Prepare dimsum corporation income statement
: Prepare Dimsum Corporation's income statement for 20x3, including earnings per share, assuming a weighted average of 200,000 shares of common stock outstanding for 20x3.
|
|
Prepare all appropriate journal entries
: 1. Prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. 2. Show the year-end balance sheet presentation for accounts receivable.
|
|
Prove that the above function is strictly concave
: Calculate the value of y?, which is the value of the secant line at x?, using the formula y? = ?f(xA) (1 ? ?)f(xB). (c) Prove that the above function is strictly concave by demonstrating that f(x?) > y?.
|
|
Determine the time length of the warranty
: If you want to provide a warranty so that only 2% of CD player will be replaced before the warranty expires, what is the time length of the warranty? c) What is p67?
|
|
Explain eventually all of the kinetic energy of the stirrer
: In the following experiment, the water in the glass is stirred by slowly lowering a weight (m=3kg) through a series of pulleys. If the 3kg weight is lowered 10m, the stirrer spins, but eventually all of the kinetic energy of the stirrer is turned ..
|