At January 1, 2020, Headland Company’s outstanding shares included the following.

Net income for 2020 was $2,499,000. No cash dividends were declared or paid during 2020. On February 15, 2021, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2020.

On April 1, 2020, 436,000 shares of common stock were sold for $10 per share, and on October 1, 2020, 106,000 shares of common stock were purchased for $21 per share and held as treasury stock.

Compute earnings per share for 2020. Assume that financial statements for 2020 were issued in March 2021. (Round answer to 2 decimal places, e.g. $2.55.)

JTC purchased call options on Flynn common shares on July 7, 2020, for $200 as a speculative investment. The call options give JTC the right to buy 100 shares at a strike price of $20 each. The options expire on January 31, 2021.

The following data is observed through 2020:

a. At September 30, 2020, the options are on JTC's balance sheet at a value of ? Muliple Choice: ["$350", "$150", "$200", "$1,950"].

b. In the fourth quarter (October - December) of 2020, JTC records a loss in time value of? Muliple Choice: ["$150", "$90", "$110", "$60"].

c. At December 31, 2020, the options are on JTC's balance sheet at a value of? Muliple Choice: ["$260", "$350", "$460", "$490", "$200", "$290"].

In the US, fluoride is added to drinking water. In 2015, the US Department of Health [12] lowered the recommended amount of fluoride in drinking water. Fluoride is added to drinking water to help prevent tooth decay, but too much fluoride can lead to fluorosis (white stains in the enamel of the teeth). A particular city wants to check whether their drinking water meets the specifications made by the department of health. The department of health recommends that there should be 0.7 milligrams of fluoride per liter of water. Suppose we collect a random sample of 40 different liters of water and find the the average amount of fluoride per liter of water is 0.775 milligrams with standard deviation 0.2 milligrams. Conduct a hypothesis test using α = .01. Make sure to state the null and alternative hypotheses, state the appropriate test statistic, set up the rejection region, find the P-value for this test, make your conclusion using both the rejection region method and the P-value, and state your conclusion in the context of the problem. Also, find a 99% confidence interval for the true average amount of fluoride per liter of water and use this interval to make a conclusion about the test of hypothesis.

A US electronics firm has a plant in the US and another in China. The production function is the same in both plants q = L1 2 K 1 2 (notice that marginal product of labor is MPL = 1 2L− 1 2 K 1 2 = 1 2 q L and marginal product of capital is MPK = 1 2L1 2 K− 1 2 = 1 2 q K ). The US prices are w = r = 9. In China the firm faces the same cost of capital r∗ = 9 but the wage rate is lower, w∗ = 4.

A.Show the total, average and marginal product of labor with this production function if capital is fixed at K = 100

B.

C.Represent in a diagram the cost minimizing choice of factors to produce q = 100 in each country

D.Write the equilibrium proportions of the factors that the firm is going to use in each country.

E. Write the expressions for cost, obtain the relationships factorsoutput and deduce the cost functions for both countries. Calculate the cost of producing q = 100 units in each country.

There is no question b

Suppose that the US Federal Reserve Board was able to confirm that the US economy is in the brink of a recession, operating at a GDP level (Y1) that is well below its full-employment capacity (YF). Your tasks are:

5.1. Name one monetary policy, and specify the policy tool to use, that the Fed could make to help boost the economy.

5.2.Using the AD-AS theory, show and EXPLAIN the expected short run and long run effect of this policy on the US economy. Other things are assumed constant. Explain which curves shift and why. Label curves clearly. Identify the new equilibrium in the short-run and the long-run.

to restore growth in revenue and profitability the firm acquired competitor Jos.A.Bank in late 2014 for $1.8 billion after a heated bidding war.The final bid of $65 in cash for each Jos.A.Bank 's share represented a 56% premium to the closing price in early october 2013.The combined company had annual revenue of $3.5 billion and projected annual savings of $100-$150 million consisting of lower overhead,more efficient marketing and improved customer service.

How does the size of the premium paid for Jos.A. Bank affect the pace and extent of postmerger integration?

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to the ending inventory using FIFO.

What is the correct answer?

Multiple Choice

• $5,530

• $4,800

• $5,340

• $4,990

• $5,440

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to cost of goods sold using FIFO.

Multiple Choice

• $2,980

• $2,460

• $2,850

• $2,590

• $5,440

Effect of Subsidiary Preferred Stock

Snow Corporation issued common stock with a par value of $100,000 and preferred stock with a par value of $80,000 on January 1, 20X5, when the company was created. Klammer Corporation acquired a controlling interest in Snow on January 1, 20X6.

Required:

What does Klammer's controller need to know about the preferred stock to determine the proper allocation of consolidated net income to the controlling and noncontrolling interests? What ethical factors should be considered, if any ?

Please be detailed and explain why the missing information is required.

Small Company reported 2017 net income of $300,000 and paid dividends of $90,000 during the year. Parker Inc. acquired 20% of Small's outstanding voting stock on January 1, 2017 for $630,000. At December 31, 2017, Parker determined the fair value of the shares in small to be $615,000. Parker reported operating income of $540,000.

instructions: Compute Parker's net income for 2017 assuming it uses the following methods to account for its investment.

a. equity method in accounting for its investment in Small

b. fair value method in accounting for its investment in Small