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Xelga [282]
3 years ago
12

Rothstein Corp. had the same capital structure in 2021 and 2022, consisting of the following: Preferred stock, $12 par, 5% cumul

ative, 20,000 shares issued and outstanding$240,000 Common stock, $6 par, 250,000 shares issued and outstanding 1,500,000 Rothstein reported net income of $600,000 for 2022. No preferred dividends were paid during 2021, but Rothstein paid $20,000 in preferred dividends in 2022. In its 2022 income statement what amount should Rothstein report as basic earnings per share?
Business
1 answer:
crimeas [40]3 years ago
5 0

Answer:

2.37

Explanation:

Earnings per share is a monetary value for every outstanding share. The EPS is reported in the income statement of the company. Rothstein Corp. has paid $20,000 of preference dividend in the year 2022. The annual preference dividend is $12 par * 20,000 shares * 5% cumulative = 12,000 per year.

The total preference dividend for year 2021 and 2022 is 24,000 out of which 20,000 is already paid.

To calculate EPS we subtract unpaid preference dividend from net income $600,000 - $4,000 = 596,000

EPS = Net income after preference shares dividend / outstanding number of shares

EPS = $596,000 / 250,000 shares = 2.37

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On January 1, 2016, Bailey, Inc. had 84,810 shares of common stock outstanding. The following transactions occurred during 2016:
Pie

Answer:

$2.41

Explanation:

1 January-September 30        84,180*9/12=63,135

1 October-31 December (84,180+30,000)*3/12=28,545

Weighted average of common stocks outstanding =91,680

Earning per share (EPS)=Net Income/Weighted average common stocks

EPS=$221,062/91,680

EPS=2.41

6 0
3 years ago
There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers
LenaWriter [7]

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

4 0
3 years ago
Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.
Natasha2012 [34]

Answer:

-Consumption: ice cream, a domestically manufactured personal computer, cab fare for personal use, 55 cent tacos, A super bowl ticket bought new from the NFL

- Investments: A domestically manufactured business computer

-Government: A public school teacher

-Net Exports: An exported doll house

Explanation:

Gross Domestic Product is the market value of goods and services produced locally within a given period. GDP includes goods and services produced during a particular time interval. In the past, bargains for products produced are not reflected in GDP. Usually this interval is years or quarters.

Consumption contains produced goods and services. It is used by people to meet their needs and wishes. In the Keynesian economy, consumption means individual consumption expenditure and is indicated by the consumption function. The most important part of the consumption function is the marginal consumption trend. MPC shows what percentage of each new income earned is used for consumption expenditures.

Public expenditure, in economy, indicates the complex of money of public origin that is used by the State in public goods and / or public services aimed at pursuing public purposes, regardless of the nature (public or private) of the obligation that is the title . These are therefore the exits by the state and therefore an item of liabilities within the state budget, the coverage of which is necessarily entrusted to taxation on taxpaying citizens or public debt. Otherwise, the repercussions are of an inflation or devaluation type, depending on the domestic or foreign destination of the capital.

Trade balance (Trade deficit) or Net Export is the balance of trade (export, import) of one country (with other countries). Based on this, the Trade Balance (Foreign Trade Balance) is the relationship between exports and imports. If the country's exports are greater than the import, net exports will be greater than 0, and in this case, the country's foreign trade balance will increase (a positive balance). In a word, the trade balance is positive. Otherwise, net exports will be less than 0 if the country exports are smaller than imports. In this case, the country will have a foreign trade deficit. In other words, the trade balance will be negative. The negative trade balance also indicates that the country needs foreign products in addition to its own products.

7 0
3 years ago
Where must food handlers dispose of waste water?
PolarNik [594]

Answer:

Must be dispose in a sanitary sewer

Explanation:

Can not be in a storm drain or on surface ground

8 0
2 years ago
What is the agency of the U.S. government whose mission is to assist in the financing of U.S. exports of products and services t
yarga [219]

Answer:

The Import Bank Of The United States Is The Export Agency Of The Federal Government  

Explanation:

The Bank Assists In Financing And Facilitating U.S. Goods And The Services.

I Hope This Helps It Showed I Got It Right On My Homework P.S. I'm In 11th   Grade :)

7 0
3 years ago
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