SKYSONG, INC. Income Statement For the Year Ended December 31, 2020 Sales revenue $438,400Cost of goods sold 217,900Gross profit 220,500 Expenses (including $14,000 interest and $25,200 income taxes) 89,500Net income 131,000Additional Information:1. Common stock outstanding January 1, 2020, was 26,700 shares, and 36,500 shares were outstanding at December 31, 2020. 2. The market price of Skysong stock was $15 in 2020. 3. Cash dividends of $21,300 were paid, $5,500 of which were to preferred stockholders. Required:Compute the following measures for 2020a. Earnings per share b. Price-earnings ratio c. Payout ratio d. Times interest earned

Which alternative accounting method allows farmers to record expenses and incomes in the year in which they sell their yield? gaap allows for the method, which permits farmers to subtract the expenses of producing the crop in the year in which they sell the yield and earn the revenue.

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i.e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i.e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process.b)consumers have the right to clean air; consumers are dominant in the bargaining process.c)firm has the right to pollute; firm is dominant in the bargaining process.d)firm has the right to pollute; consumers are dominant in the bargaining proces

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?