Crane Inc., a publicly traded company, had 291,000 common shares outstanding on December 31, 2019. During 2020, the company issued 6,600 shares on May 1 and retired 15,000 shares on October 31. For 2020, the company reported net income of $294,530 after a loss from discontinued operations of $44,000 (net of tax). Calculate earnings per share for 2020 as it should be reported to shareholders. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share Income per share before discontinued operations $ Discontinued operations loss per share, net of tax $ Net income per share $ Assume that Crane Inc. issued a 3-for-1 stock split on January 31, 2021, and that the company’s financial statements for the year ended December 31, 2020 were issued on February 15, 2021. Calculate earnings per share for 2020 as it should be reported to shareholders. b(Round answer to 2 decimal places, e.g. 15.25.) Earnings per share Income per share before discontinued operations $ Discontinued operations loss per share, net of tax $ Net income per share $ Is it possible for a corporation to have a simple capital structure one fiscal year and a complex capital structure in another fiscal year? Choose the answer from the menu in accordance to the question statement
In: Accounting
Iceland has no minimum wage. Instead, employers negotiate salaries with collective groups or unions who represent the employees. You must be 18 to work full-time in Iceland. However, mandatory school ends at age 16 and teen workers between the ages of 15 and 18 are highly unemployed. Salaries are high in Iceland because of the small population, universal health care, the high cost of living, and the fact that 88% of the population lives in and around the capital, Reykjavik. Still it is one of the poorest countries in Europe. Youth unemployment is extremely high. Josh has discovered that if he hires young people between the ages of (15-18) part-time or no more than 40 hours a week, he can negotiate a much lower salary. The average salary amounts to $12.50 an hour.. Josh staffs young people exclusively and lets them go before they reach the age of 19. Two recent lay-offs has brought this practice to the attention of the staff who feel the practice is not ethical. The workers feel Josh is trying to use the system to avoid paying the workers a decent wage or to gain full time employment. If Josh does not settle this issue quickly, because the workers will go back to the Collective to ask for higher wages and a guarantee of work after they turn 19. Worse yet, if Jolly Jump’s US teens get wind of the hourly salary difference, they may very well come to expect a large raise.
Are Josh’s employment practices unethical?
Would his actions be considered unethical in the United States?
Discuss the ethics of doing business in another country and cultural relativism.
In: Operations Management
A country's census lists the population of the country as 254 million in 1990, 286 million in 2000, and 314 million in 2010. Fit a second-degree polynomial passing through these three points. (Let the year 2000 be x = 0 and let p(x) represent the population in millions.)
p(x) = ________million
Use this polynomial to predict the populations in 2020 and in 2030.
2020_________million
2030 ________million
In: Advanced Math
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:
|
Microsoft common stock |
||
|
Date Purchased |
Shares |
Basis |
|
7/10/2008 |
400 |
$10,000 |
|
4/20/2009 |
300 |
$11,000 |
|
1/29/2010 |
500 |
$12,230 |
|
11/02/2012 |
250 |
$7,300 |
If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2020, what is her capital gain or loss if she uses the FIFO method?
Dahlia is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:
|
Microsoft common stock |
||
|
Date Purchased |
Shares |
Basis |
|
7/10/2008 |
400 |
$10,000 |
|
4/20/2009 |
300 |
$11,000 |
|
1/29/2010 |
500 |
$12,230 |
|
11/02/2012 |
250 |
$7,300 |
If Dahlia sells 800 shares of Microsoft for $40,000 on December 20, 2020, what is her capital gain or loss if she uses the specific identification method and wants to minimze her capital gain?
In: Accounting
What is the difference between incremental innovation and radical innovation? Offer one example of a radical innovation. Explain why your specific example illustrates radical innovation.
In: Operations Management
A skydiver, weighing 180 lb (including equipment) falls vertically downward from an altitude of 4000 ft and opens the parachute after 10 s of free fall. Assume that the force of air resistance, which is directed opposite to the velocity, is of magnitude 0.75|v| when the parachute is closed and is of magnitude 10|v| when the parachute is open, where the velocity v is measured in ft/s. (A computer algebra system is recommended. Use g = 32 ft/s2 for the acceleration due to gravity. Round your answers to two decimal places.)
Find the distance fallen before the parachute opens.
What is the limiting velocity vLafter the parachute opens?
Determine how long the sky diver is in the air after the parachute opens.
In: Advanced Math
Calculate Payroll
2. Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
| Consultant | Computer Programmer | Administrator | ||||
| Regular earnings rate | $2,810 per week | $32 per hour | $40 per hour | |||
| Overtime earnings rate | Not applicable | 1.5 times hourly rate | 2 times hourly rate | |||
| Number of withholding allowances | 3 | 2 | 1 | |||
For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.
Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
| Consultant | Computer Programmer | Administrator | |
| Gross pay | $ | $ | $ |
| Net pay | $ | $ | $ |
In: Accounting
Calculate Payroll
Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
| Consultant | Computer Programmer | Administrator | ||||
| Regular earnings rate | $2,310 per week | $34 per hour | $42 per hour | |||
| Overtime earnings rate | Not applicable | 1.5 times hourly rate | 2 times hourly rate | |||
| Number of withholding allowances | 3 | 2 | 1 | |||
For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.
Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
| Consultant | Computer Programmer | Administrator | |
| Gross pay | $ | $ | $ |
| Net pay | $ | $ | $ |
In: Accounting
Calculate Payroll
Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
| Consultant | Computer Programmer | Administrator | ||||
| Regular earnings rate | $3,010 per week | $28 per hour | $40 per hour | |||
| Overtime earnings rate | Not applicable | 1.5 times hourly rate | 2 times hourly rate | |||
| Number of withholding allowances | 3 | 2 | 1 | |||
For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.
Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
| Consultant | Computer Programmer | Administrator | |
| Gross pay | $ | $ | $ |
| Net pay | $ | $ | $ |
In: Accounting
Calculate Payroll
Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll information is available for each employee:
| Consultant | Computer Programmer | Administrator | ||||
| Regular earnings rate | $2,810 per week | $32 per hour | $40 per hour | |||
| Overtime earnings rate | Not applicable | 1.5 times hourly rate | 2 times hourly rate | |||
| Number of withholding allowances | 3 | 2 | 1 | |||
For the current pay period, the computer programmer worked 60 hours and the administrator worked 50 hours. The federal income tax withheld for all three employees, who are single, can be determined by adding $356.90 to 28% of the difference between the employee's amount subject to withholding and $1,796.00. Assume further that the social security tax rate was 6%, the Medicare tax rate was 1.5%, and one withholding allowance is $70.
Determine the gross pay and the net pay for each of the three employees for the current pay period. Assume the normal working hours in a week are 40 hours. If required, round your answers to two decimal places.
| Consultant | Computer Programmer | Administrator | |
| Gross pay | $ | $ | $ |
| Net pay | $ | $ | $ |
In: Accounting