« previous next »

Author Question: ACME, Inc. reported the following income statement for 2009: Sales 2,500,000 Variable Costs ... (Read 73 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jul 10, 2018
ACME, Inc. reported the following income statement for 2009:
 
  Sales 2,500,000
  Variable Costs 900,000
  Fixed Operating Costs 700,000
  EBIT 900,000
  Interest Expense 200,000
  EBT 700,000
  Taxes (30) 210,000
  Net Income 490,000
  Earnings Per Share 4.90
  If ACME's sales next year increase by 20, what will ACME's earnings per share be?
  A) 7.58 B) 6.45 C) 5.76 D) 7.14

Question 2

Payable-through drafts look like checks but are not drawn on a bank.
 
  Indicate whether the statement is true or false


TDubDCFL

  • Sr. Member
  • ****
  • Posts: 357
Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Shortly after his death, George Washington had already become myth—part Moses, part angel—in this wo Shortly after his death, George Washington had already become myth—part Moses, part angel—in this wo
Women who are 65 and older have a lower median income from all sources than men in the same age ... Women who are 65 and older have a lower median income from all sources than men in the same age ...
An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ... An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ...
Income per Capita versus Income of the Bottom Quintile Income per Capita versus Income of the Bottom Quintile
Researchers and Research Spending, 2009 Researchers and Research Spending, 2009
A company that makes cell phones has the following cost structure. They have fixed costs of ... A company that makes cell phones has the following cost structure. They have fixed costs of ...
Video: Fetal Development of the Cardiovascular System

For a complete list of videos, visit our video library