The EPS for TJX for the fiscal years ending January 2006 (FY2005) through January 2010 (FY2009) are:

Answers

Answer 1

Answer:

Fiscal Year:

2005 $1.40

2006 $1.60

2007 $1.70

2008 $2.00

2009 $2.80

Explanation:

Earnings per share is the residual profit after interest and dividends available for shareholders. EPS is calculated by dividing net profit by outstanding shares. It indicates company profitability and analysts use this ratio to make prediction about future performance of the company.


Related Questions

A manufacturer reports the following costs to produce 10,000 units in its first year of operations: Direct materials, $10 per unit, Direct labor, $6 per unit, Variable overhead, $70,000, and Fixed overhead, $120,000. The total product cost per unit under absorption costing is

Answers

Answer:

Total unitary product cost= $35

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary overhead= (120,000 + 70,000) / 10,000) $19

Now, the total product cost:

Total unitary product cost= 10 + 6 + 19

Total unitary product cost= $35

A TV manufacturing company uses speakers at the rate of 8000/mo. When it places an order for speakers it incurs a fixed cost of $1200. The monthly interest rate for keeping a speaker in stock is assessed at 1%/mo. The cost of the speaker depends on the order size. If less than 1000 speakers are ordered the cost is $11 each. When the order size is between 1000 and 10,000 the cost is $10.50/unit. For order sizes between 10,000 and 30,000 the cost is $10 per unit. For order quantities between 30,000 and 80,000 the cost drops to $9.50. Beyond 80,000 the cost is $9.25. Determine the optimum order size and time between orders if shortages are not allowed.
Please use excel to solve this problem. Show all cell formulas and parameters used.

Answers

Solution :

1. Ordering quantity         500      1000      10000     30000        80000

2. No. of orders                 16          8             0.8         0.27            0.1

3. Average inventory        250      500       5000      15000        40000

4. Value of average         2750    5250      50000  142500      370000

   inventory

5. Monthly total cost

a). Cost of material        88000   84000    80000   760000     740000

b). Ordering cost           19200      9600       960          320           120

c). Carrying cost                27.5       52.5       500        1425         3700

Total monthly cost        107227.5 93652.5  81460   77745       77820

Among the total monthly cost, $ 77,745 is the least cost.

Therefore, the optimum order size of quantity = 30,000

The number of orders per month = 8000/30000 = 0.267

Time between two consecutive orders = 30000/8000 = 3.75 months

     

The government of Egalitariania wants to favor firms and is considering implementing a maximum wage. Assume the maximum wage is both binding and less than the equilibrium wage. What happens to the employment of workers

Answers

Answer: It will increase

Explanation:

A maximum wage means that companies do not have to pay more than a certain wage limit. If this wage limit is less than the equilibrium wage, companies would be able to spend less on wages than they are normally supposed to.

Their cost will therefore reduce and they will be able to hire more workers with the money they would have spent to pay the workers the equilibrium wage thereby increasing the number of people employed in the country.

Gross Inc. signs a five-year licensing agreement with Maiger Company. Gross Inc. will pay Maiger annual installment payments of $10,500 at the beginning of each of the five years. The fair value of the contract is $48,000. Over the five-year contract period, Gross Inc. will pay interest of:

Answers

Answer:

$4,500

Explanation:

First, calculate the total Installment

Total Installment payment = Annual Installment x Numbers of annual

Where

Annual Installment = $10,500 per year

Numbers of annual = 5 years

Installment payment = $10,500 per year x 5 years

Installment payment = $52,500

Now use the following formula to calculate the Interest payent

Interest payment = Installment Payment - Fair value of contract

Where

Installment Payment = $52,500

Fair value of contract = $48,000

Placing values in the formula

Interest payment = $52,500 - $48,000

Interest payment = $4,500

Calculating the price elasticity of supplyJake is a retired teacher who lives in New York City and does some consulting work for extra cash. At a wage of $50 per hour, he is willing to work 7 hours per week. At $65 per hour, he is willing to work 10 hours per week. Using the midpoint method, the elasticity of Jakeâs labor supply between the wages of $50 and $65 per hour is approximately ___ , which means that Jakeâs supply of labor over this wage range is ___ .

Answers

Answer:

1.38; Elastic

Explanation:

Calculation to determine the Elasticity of labor supply (E)

Using this formula

Elasticity of labor supply (E) = (Change in hours worked / Average hours worked) / (Change in wage rate / Average wage rate)

Let plug in the formula

Elasticity of labor supply (E) = [(10 - 7) / (10 + 7)] / [$(65 - 50) / $(65 + 50)]

Elasticity of labor supply (E) = (3/ 17) / (15 / 117)

Elasticity of labor supply (E) =0.1765/0.1282

Elasticity of labor supply (E)=1.38

Therefore elasticity of Jakeâs labor supply between the wages of $50 and $65 per hour is approximately 1.38 which means that Jakeâs supply of labor over this wage range is ELASTIC

On January 1, Year 7, Colorado Corp. purchased a machine having an estimated useful life of 8 years and no salvage value. The machine was depreciated by the double-declining-balance (DDB) method for both financial statement and income tax reporting. On January 1, Year 9, Colorado justifiably changed to the straight-line method for both financial statement and income tax reporting. Accumulated depreciation at December 31, Year 8, was $525,000. If the straight-line method had been used, the accumulated depreciation at December 31, Year 8, would have been $300,000. The retroactive adjustment to the accumulated depreciation account on January 1, Year 9, as a result of the change in depreciation method is

Answers

Answer:

Colorado Corp.

The retroactive adjustment to the accumulated depreciation account on January 1, Year 9, as a result of the change in depreciation method is:

= $0.

Explanation:

a) Data and Calculations:

Accumulated depreciation at December 31, Year 8 based on double declining balance method = $525,000

Accumulated depreciation at December 31, Year 8 based on straight-line method = $300,000

The required adjustment to the accumulated depreciation account = $0 ($525,000 - $525,000)

b) The accumulated depreciation account does not require a retrospective adjustment.  It will remain at $525,000 while the company continues to apply the straight-line method going forward. The change is called a change in accounting estimate and not a change in accounting principle that requires retrospective application and adjustment to the previous years' accounts.

Research on a Philippine company that filed for bankruptcy, what type of bankruptcy they filed, and its effect on the company?

Answers

Answer:

There are various reasons when a company files bankruptcy. When a company debtors raise above its assets, the company may claim bankruptcy. The business of a company will then seize when it files bankruptcy.

Explanation:

When a company files bankruptcy, its operations are closed and then analysts visit to identify worth of company's existing assets and analyze whether these assets are enough to pay off liabilities. Debtors are paid first and then with any left over amount investors are paid back.

By participating in _____, sellers can automate the fulfillment function of business-to-business (B2B) e-commerce.

Answers

Answer:

Buyer-side marketplaces

Explanation:

What is the amount of the risk premium on a U.S. Treasury bill if the risk-free rate is 2.8 percent and the market rate of return is 8.35 percent

Answers

Answer:

5.55%

Explanation:

risk premium = market rate of return - risk free rate

8.35 - 2.8 = 5.55

Eight months ago, you purchased 400 shares of Winston, Inc. stock at a price of $56.90 a share. To date the company has paid quarterly dividends of $.55 a share twice. Today, you sold all of your shares for $49.40 a share. What is your total percentage return on this investment

Answers

Answer:

Shares of Winston, Inc. Stock

The total percentage return on this investment is:

= -11.25%

Explanation:

a) Data and Calculations:

Purchase cost = $22,760 (400 * $56.90)

Quarterly dividends received = $440 (400 * $0.55) * 2

Sales price = $19,760 (400 * $49.40)

Total cash receipts from the investment = $20,200 ($440 + $19,760)

Total returns from the investment = -$2,560

Total percentage return on the investment = -$2,560/$22,760 * 100

= -11.25%

b) There is a loss of value on the investment amounting to $2,560, which is 11.25%.  The investment actually yielded a negative return.

Open market operations refer to the buying and selling of ________ by the ________ to control the money supply. stocks and bonds; Federal Reserve Treasury securities; Treasury Department Treasury securities; Federal Reserve stocks and bonds; Treasury Department

Answers

Answer:

Open market operations refer to the buying and selling of Treasury securities by the Federal Reserve to control the money supply.  

B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The company expects future returns and allowances equal to 5% of sales and 5% cost of sales. The year-end adjusting entry to record the cost side of sales returns and allowances is:

Answers

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

(To record expected coat of returns)

Note that the above calculation was done as:

= $64,000 × 5%

= $64,000 × 0.05

= $3200

For each of the following products and services, indicate whether it is more likely produced in a process operation or in a job order operation.

1. Beach towels
2. Bolts and nuts
3. Lawn chairs
4. Headphones
5. Designed patio

Answers

Answer:

Process operations are for when there are multiple goods to be produced. These products normally have the same specifications so can be mass produced.

This is different from Job order operation which is used when a single good is product. It is usually used for customized goods.

Process operations:

Beach towels Bolts and nuts Lawn chairs Headphones

Job Order operation

Designed patio.

John is a self-employed computer consultant who lives and works in Dallas. John paid for the following activities in conjunction with his business. Which is not deductible in any amount?
1. Dinner with a potential client where the client's business was discussed.
2. A trip to Houston to negotiate a contract.
3. A seminar in Houston on new developments in the software industry.
4. A trip to New York to visit a school chum who is also interested in computers.
A. 4 only
B. 3 only
C. 2 only
D.None of these
E. 1 only

Answers

definitely none of these

First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $17,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 9 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Wowing I just got home from church I toeow go get home now I got home I

MLX has annual sales of $320 million per year and has calculated the collection float to be 12 days. If MLX is currently paying 9.35% on its line of credit, what amount of interest expense could be saved if the collection float is reduced by 3 days? (Assume 365 days per year.

Answers

Answer:

The right solution is "$245,917.81".

Explanation:

According to the question,

Interest,

= 9.35%

Sales,

= 320000000

Float reduction,

= 3

Now,

Saving in interest will be:

= [tex]Sales\times Interest\times \frac{Float \ reduction}{365}[/tex]

By substituting the values, we get

= [tex]320000000\times 9.35 \ percent\times \frac{3}{365}[/tex]

= [tex]245,917.81[/tex] ($)

Credit terms are terms for a.when payments for merchandise are to be made with cash. b.when the payments for merchandise are to be made. c.when the returns of merchandise are to be made. d.when inventory is purchased.

Answers

Answer: b.when the payments for merchandise are to be made.

Explanation:

Credit terms refers to the payment terms which are mentioned on the invoice when a good is bought.

Credit terms are terms for when payments for merchandise are to be made. Credit Terms are made during sales on account. The credit term shows the discount rate tahts offered to the costumer and the time limit that the creditor is expected to pay.

A short futures contract on a non-dividend paying stock was entered some time ago. It now has 6 months to maturity. The risk-free rate of interest is 10% per year. The stock is currently trading at $25/share and the delivery price is $24/share. How much is your position worth today (ignore marking to market costs)

Answers

Answer:

$26.225

Explanation:

Spot rate amount = $25

Period = 0

FV Period = 6 month. FVF at 5%, 6 month = 1.049

Position worth today = Spot rate amount * FVF

Position worth today = $25 * 1.049

Position worth today = $26.225

So, my position worth today is $26.225.

Bed & Bath, a retailing company, has two departments—Hardware and Linens. The company’s most recent monthly contribution format income statement follows: Department Total Hardware Linens Sales $ 4,300,000 $ 3,130,000 $ 1,170,000 Variable expenses 1,403,000 994,000 409,000 Contribution margin 2,897,000 2,136,000 761,000 Fixed expenses 2,250,000 1,350,000 900,000 Net operating income (loss) $ 647,000 $ 786,000 $ (139,000 ) A study indicates that $378,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 20% decrease in the sales of the Hardware Department. Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department?

Answers

Answer:

Bed & Bath

The financial disadvantage of discontinuing the Linens Department is:

= $1,004,000.

Explanation:

a) Data and Calculations:

Department                                  Total         Hardware        Linens

Sales                                     $ 4,300,000   $ 3,130,000   $ 1,170,000

Variable expenses                   1,403,000        994,000        409,000

Contribution margin                2,897,000     2,136,000         761,000

Fixed expenses                       2,250,000    1,350,000        900,000

Net operating income (loss)   $ 647,000    $ 786,000     $ (139,000 )

The financial disadvantage of discontinuing the Linens Department is:

Allocated fixed costs = $378,000

Hardware sales lost =    626,000 ($3,130,000 * 20%)

Total disadvantage = $1,004,000

Explain how an enterprise can use functional level strategy to improve 1) efficiency, 2) quality, and 3) customer responsiveness.

Answers

Answer:

Explanation:

Functional level strategies can improve a company’s ability to attain superior efficiency, quality, innovation, and customer responsiveness by reducing costs and improving production by ways such as economies of scale, learning effects, marketing strategies or efficient information technologies.

For each of the regions, use the midpoint method to identify whether the supply of this good is elastic or inelastic. Region Elastic Inelastic Between W and X Between Y and Z True or False: For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.

Answers

Answer:

a-1. Elasticity of supply between W and X is elastic.

a-1. elasticity of supply between Y and Z is inelastic.

b. The statement is true.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.

The explanation of the answers is now provided as follows:

a. For each of the regions, use the midpoint method to identify whether the supply of this good is elastic or inelastic.

The midpoint formula is as follows:

Elasticity of supply = ((Q2 - Q1)/ (Q2 + Q1) /2) / ((P2 - P1) / (P1 + P2) /2) ……… (1)

Using equation (1), we have:

a-1. Between W and X

Q2 = 25

Q1 = 10

P2 = 20

P1 = 15

Substituting the values into equation (1), we have:

Elasticity of supply between W and X = ((25 - 10)/ (25 + 10) /2) / ((20 - 15) / (15 + 20) /2) = 3

Since 3 which is the calculated elasticity of supply between W and X is greater than 1, this implies that elasticity of supply between W and X is elastic.

a-2. Between Y and Z

Q2 = 90

Q1 = 80

P2 = 180

P1 = 90

Substituting the values into equation (1), we have:

Elasticity of supply between Y and Z = ((90 - 80)/ (90 + 80) /2) / ((180 - 90) / (180 + 90) /2) = 0.18

Since 0.18 which is the calculated elasticity of supply between Y and Z is less than 1, this implies that elasticity of supply between Y and Z is inelastic.

b. True or False: For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.

This statement is true.

This is because, from part a above, it can be observed that elasticity of supply between W and X when quantity is low is elastic but the elasticity of supply between Y and Z when the quantity is high is inelastic. Therefore, it is true that for high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.

MC Qu. 113 Kayak Company uses a job order costing... Kayak Company uses a job order costing system and allocates its overhead on the basis of direct labor costs. Kayak Company's production costs for the year were: direct labor, $35,000; direct materials, $55,000; and factory overhead applied $6,500. The overhead application rate was:

Answers

Answer:

$0.19 per direct labor hour

Explanation:

It is important to keep in mind the following :

Overhead application rate = Budgeted Overheads ÷ Budgeted Activity

also,

Applied Overheads = Overhead application rate x Actual Activity

Using the formula :

Applied Overheads = Overhead application rate x Actual Activity

hence,

Overhead application rate = Applied Overheads ÷ Actual Activity

therefore,

Overhead application rate = $6,500 ÷ $35,000

                                            = $0.185 or $0.19 per direct labor hour

Your boss wants to set safety stock levels correctly to ensure an 87.9% service level. She needs your answer right away. What should the safety stock level be given that you know:
Average replenishment cycle is 10 days
Standard deviation of daily demand is 12 units
Average daily demand is 100 units
Standard deviation of the replenishment cycle is 3 days
a. 57 units
b. 188 units
c. 302 units
d. 354 units
e. 1,000 units

Answers

D 188 units is correct answer 87.9%

On January 1, 2019, Eagle Company borrows $23,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $7,099, consisting of accrued interest and principal on December 31 of each year from 2019 through 2022. Prepare the journal entries for Eagle to record the note's issuance and the four payments

Answers

Answer:

See below

Explanation:

January 01, 2019

Cash Dr $23,0000

______________Notes payable Cr $23,000

December 31, 2019

Interest expense Dr $2,070

($23,000 × 9%)

Notes payable Dr $5,029

____________________Cash Cr. $7,099

December 31, 2020

Interest expense Dr $1,617

($23,000 - $5,029) × 9%

Notes payable Dr $5,082

_________________ Cash Cr $7,099

December 31, 2021

Interest expense Dr $1,160

($23,000 - $5,029 - $5,082) × 9%

Notes payable Dr $5,939

___________________ Cash Cr $7,099

December 31, 2022

Interest expense Dr $626

($23,000 - $5,029 - $5,082 - $5,939) × 9%

Note payable Dr $6,473

_____________________ Cash Cr $7,099

A dozen eggs cost $0.96 in December 2000 and $1.82 in December 2017. The average wage for workers in private industries was $14.28 per hour in December 2000 and $22.31 in December 2017. By what percentage did the price of a dozen eggs rise

Answers

Answer:

the percentage in which the price of the dozen eggs rise is 89.58% or 90%

Explanation:

The computation of the percentage in which the price of the dozen eggs rise is shown below;

Percentage Change in Dozens egg price is

= (Price in 2017 - Price in 2000) ÷ Price in 2000 × 100

= ($1.82 - $0.96) ÷ $0.96 × 100

= 89.58% or 90%

Hence, the percentage in which the price of the dozen eggs rise is 89.58% or 90%

Mandatory outlays a. require changes in existing laws if those outlays are to be altered. b. cannot be altered once they are made into law. c. usually change during the budget process. d. are a minor component of total outlays, and so are usually ignored.

Answers

Answer:

a. require changes in existing laws if those outlays are to be altered.

Explanation:

The mandatory outlays are the outlays in which there should be the need to change in the law i.e. already existed but the same is applied when the outlays could be changed or varied or altered

That means without alteration it does not required the changes

Therefore the option a is correct

In the first month of operations, the total of the debit entries to the cash account amounted to $900 and the total of the credit entries to the cash account amounted to $600. The cash account has a(n)

Answers

Answer:

$300 debit balance

Explanation:

In business debit entries mean that the money is being added to the account, while credit entries means that the money is owed and is therefore being deducted from the account. Therefore, in this scenario the cash account has a $300 debit balance. This is because the credit entries are being subtracted from the debit entries (assuming that the account had a $0 initial balance). If we do the math we are left with $300 of debit.

$900 - $600 = $300

Suppose that you buy a two-year 7.4% bond at its face value. a-1. What will be your total nominal return over the two years if inflation is 2.4% in the first year and 4.4% in the second?

Answers

Answer: 15.35%

Explanation:

The total nominal return over the two years if inflation is 2.4% in the first year and 4.4% in the second year will be calculated thus:

= (1+Interest rate)² -1

= (1 + 7.4%) - 1

= (1 + 0.074)² - 1

= 1.074² - 1

= 1.153476 - 1

= 0.153476

= 15.35% over the two years

i.What is a back yard garden?


ii.State three benefits that can be derived from a backyard garden.​

Answers

you can save money
fresh produce
boost of vitamin D

Answer:

a back yard garden is a graden located in residential property

ii) lessen the amount of groceries bought thus less money spentfreshly grown vegetables and fruits are consumed moreyou get to decide what pesticides and fertilizers you want to use

The Greenbriar is an all-equity firm with a total market value of $539,000 and 21,300 shares of stock outstanding. Management is considering issuing $137,000 of debt at an interest rate of 10 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities

Answers

Answer:

5,413 shares

Explanation:

The computation of the no of shares repurchased is given below;

Market Price per Share

= Existing market Value of Firm ÷ Number of Shares Outstanding

= $539,000 ÷ 21,300 Shares

= $25.31 per share  

Now

Total number of shares that can be redeemed

= Total Debt Issued ÷ Market Price per share

= $137,000 ÷ $25.31 per Share

= 5,413 shares

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