Ringmeup, inc., had net income of $182,600 for the year ended december 31, 2016. at the beginning of the year, 41,000 shares of common stock were outstanding. on may 1, an additional 19,000 shares were issued. on december 1, the company purchased 4,000 shares of its own common stock and held them as treasury stock until the end of the year. no other changes in common shares outstanding occurred during the year. during the year, ringmeup, inc., paid the annual dividend on the 7,000 shares of 3.20%, $100 par value preferred stock that were outstanding the entire year. calculate basic earnings per share of common stock for the year ended december 31, 2013

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.