1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crazy boy [7]
3 years ago
12

Gallant Company reported net income of $2,500,000. The income statement included one extraordinary item: a $500,000 gain from co

ndemnation of land and a $200,000 loss on discontinued operations, both after applicable income tax.
There were 100,000 shares of $10 par common stock and 40,000 shares of $4 preferred stock outstanding throughout the current year.
Required: Prepare the earnings per share section of Gallant Company
Business
1 answer:
Zepler [3.9K]3 years ago
7 0

Answer:

Explanation:

Income from contunuing operations:

Net income 2,500,000

Less: gain from condemnation of land 500,000

Add: loss on discontinued operations 200,000

Income from contunuing operations 2,200,000

Earcnings per common share [(2,200,000-160,000)/100,000]

EPS Income statement

Earcnings per common share $20.40

Less: loss on discontinued operations $2 (200,000/100,000)

Add: gain from condemnation of land $5 (500,000/100,000)

Net income $23.40

You might be interested in
Which analogy about leasing or financing a vehicle is correct
stealth61 [152]

Answer:

a b c or d

Explanation:

no explanation sorry

3 0
2 years ago
Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo
solong [7]

Answer:

The correct solution is "$42.94".

Explanation:

The given values are:

D0 = 4

Ks = 15%

As we know,

⇒ g = (1-Div \ payout \ ratio)\times ROE

      =(1-60 \ percent)\times 13 \ percent

      =5.20 \ percent

By using the Gordon Model, we get

⇒ P0=Do\times \frac{(1+g)}{(Ks-g)}

         =4\times \frac{ (1+5.20 \ percent)}{(15 \ percent-5.20 \ percent)}

         =42.94 ($)

6 0
2 years ago
How can focusing on clean energy and pollution reduction positively impact California's economy?​
Elodia [21]

Answer:

As a part of CSR initiatives (or purely governmental), nurturing environmental beneficial factors is always a plus for the whole economy.

Decreasing pollution can further improve the tourism sector, and change property values by encouraging real estate in "green areas". Clean energy initiatives (wind and solar energy) have the ability to transform the whole energy industry, which is the input for most economy processes and businesses.

6 0
3 years ago
As businesses have become more dependent on information systems, they have faced a(n): decrease in the number and severity of se
777dan777 [17]

Answer:   increase in the number and severity of security threats.

Explanation: An increase in the number and severity of security threats can be directly linked to the increasing dependency of businesses on information systems which are used in turning raw data into useful information for decision making in businesses. They are designed to support a particular process within an organization or to carry out very specific analysis. The increase in the number and severity of security threats which target these data for nefarious purposes has led to businesses struggling to hire enough qualified professionals to safeguard against the growing threat. Hence, a strong, smart digital workforce is essential to combat the more frequent, more sophisticated threats emanating from across governments, businesses and organizations.

6 0
2 years ago
The first of two major components of developing a marketing strategy is to _______. a. select a target market b. determine a seg
Brrunno [24]

Answer:The first of two major components of developing a marketing strategy is to<u> select a target market.</u>

<u>Explanation:</u> After determining business products and services the business needs to identify the target market. Identifying the target market is the major step in developing a marketing strategy.

Steps to select a target market

  1. Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
  2. Customers can be targeted on the basis of age,gender,income,occupation,educational level.
  3. Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
  4. If business is already existing than identify those products and services which are bought by current customers and the benefits that they are getting from it.
  5. Finally target those customers who actually need your products and services.

5 0
3 years ago
Other questions:
  • The P Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares each
    15·1 answer
  • A 5.75 percent coupon bond with 10 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that i
    12·1 answer
  • Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019. April May June Credit sales $
    10·1 answer
  • On 3/15/20, Robertson Corp. bought land from Lear, Inc. for $248,000. Lear had carried the land on its books at $240,000. Robert
    7·1 answer
  • Where are goods and services sold to consumers?
    7·1 answer
  • Match each cost with the investment type to which it relates. investment advisory fees administrative costs commissions hourly f
    9·2 answers
  • According to the value chain business model what are the various strategic decision that a business can make
    13·1 answer
  • As a member of the media audience, what are some ways you can control the persuasive process? Explain who you think has more pow
    12·1 answer
  • Creating a positive work environment that is recognized inside and outside the firm is an important copoentn of?
    10·1 answer
  • A start-up company has developed some innovative products, but it has no marketing or advertising expertise. It hired The Tullen
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!