On july 1, 20x2, alan enterprises merged with cherry corporation through an exchange of stock and the subsequent liquidation of cherry. alan issued 206,000 shares of its stock to effect the combination. the book values of cherry's assets and liabilities were equal to their fair values at the date of combination, and the value of the shares exchanged was equal to cherry's book value. information relating to income for the companies is as follows: 20x1 jan. 1–june 30, 20x2 july 1–dec. 31, 20x2 net income: alan enterprises $ 4,610,000 $ 2,570,000 $ 3,588,000 cherry corporation 1,320,000 802,000 — alan enterprises had 1,030,000 shares of stock outstanding prior to the combination. remember that when calculating earnings per share (eps) for the year of the combination, the shares issued in the combination were not outstanding for the entire year. required: compute the net income and earnings-per-share amounts that would be reported in alan's 20x2 comparative income statements for both 20x2 and 20x1. (round earnings per share to 2 decimal places.)

Onsider the following subscription behavior information from genie, a web site that provides tools for constructing a family tree (ancestor search). subscriptions cost $9.99 per month, but you are charged for the entire year at the time of purchase. there is a one-year minimum term when you sign up for the service. once purchased, subscriptions are set to renew automatically unless the subscriber cancels them. when a membership renews, it renews for a one-year term and again you are charged for the entire year. there are no variable costs associated with providing this service to an individual customer, but genie does engage in customer relationship activities that they believe will increase customer retention. these customer relationship activities cost genie about $10 per year per customer. based on a sample of 1000 customers that joined genie five years ago, near the time when the company was founded, they were able to determine how many of those customers remained subscribers in the second year, third year etc. based on this information, genie calculated the average annual retention rate to be 20%. genie uses an annual discount rate of 8%. a. last year, genie spent $10,000 placing advertisements on google. genie management believes that these advertisements were responsible for about 300 new subscribers. would you recommend to genie management that they purchase more google ads? b. suppose a newly-introduced loyalty program increases the number of customers that remained to 30%. does this new data change your answer to 9.a? c. do you have any hesitations or concerns about making recommendations to management based on your above estimate of customer lifetime value?

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.