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SVETLANKA909090 [29]
1 year ago
11

A product whose demand rises when income rises, and vise versa, is a __​

Business
1 answer:
Jlenok [28]1 year ago
7 0

Answer:

A product whose demand rises when income rises, and vise versa, is a Normal Good.

Explanation:

Hope this helps! Have a good day!

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"what are the three business functions an mis infrastructure supports?"
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Using the information presented above, determine the following: Determine EPS for Net Income ('x2) $_____________________ (Round
taurus [48]

Question Completion:

Income Before Taxes (from ongoing operations) $2,470,000

Income Tax Rate (’x2) 30%

5% Preferred Stock ($100 Par, 10,000 shares issued)

Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)

Answer:

The company's EPS is:

= 3.46

Explanation:

a) Data and Calculations:

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Income Tax Rate (’x2) = (30% * $2,470,000) = $741,000

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Common Stock ($1 par, 600,000 shares issued, 500,000 outstanding)

Outstanding common stock = $500,000

EPS (Earnings per share) = Net income after taxes/No. of outstanding shares

= $1,729,000/500,000

= $3.458

b) The earnings per share (EPS) equals Company A's net profit after taxes divided by the number of its outstanding common stock shares. Using the EPS, it indicates how much money Company A makes for each share of its stock.  As a widely used metric, a potential stockholder of Company A can use it to estimate Company A's value when combined with the price per share.

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