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jeka57 [31]
3 years ago
12

During the current year, Comma Co. had outstanding: 25,000 shares of common stock, 8,000 shares of $20 par, 10% cumulative prefe

rred stock, and 3,000 bonds that are $1,000 par and 9% convertible. The bonds were originally issued at par, and each bond was convertible into 30 shares of common stock. During the year, net income was $200,000, no dividends were declared, and the tax rate was 30%. What amount was Comma's basic earnings per share for the current year
Business
1 answer:
irina [24]3 years ago
8 0

Answer:

The basic earnings per share for the present year is $7.36 per share

Explanation:

The basic earnings per share for the current year of Comma is computed as:

= (Net Income - preferred stock) / Outstanding shares

where

Net Income is $200,000

Preferred stock is computed as:

= Shares × 10% × Price × 10%

= 8,000 × 10% × $20

= 800 × $20

= $16,000

Outstanding shares - 25,000

Putting the values above:

= ($200,000 - $16,000) / 25,000

= $ 184,000 / 25,000 shares

= $7.36 per common share

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He needs 110 dollars to pay the money he borrowed back.

Explanation:

hope this helps

3 0
2 years ago
Based on the information in the article, which title would be most appropriate?
mylen [45]

Answer:

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3 years ago
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Calculate the expected cost per stockout with the following information: Probability of a back order is 50%, lost sale is 25%, a
S_A_V [24]

Answer:

D) $66,325

Explanation:

the total costs associated with a stockout are:

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  • probability of a lost consumer 25% x cost of a lost consumer $250,000 = $62,500
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total costs of a stockout = $75 + $62,500 + $3,750 = $66,325

6 0
3 years ago
An emerging type of system is the digital ecosystem, which is the collection of people, products, services, and business process
alexira [117]
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3 years ago
If a firm is evaluating two possible projects, both of which require the use of the same production facilities, and taking one p
Mnenie [13.5K]

Complete/Correct Question:

If a firm is evaluating two possible projects, both of which require the use of the same production facilities, and taking one project means that we cannot take the other, these projects would be considered ___.

A. Mutually exclusive

B. Interdependent

C. Independent

D. Co-dependent

Answer:

A, Mutually exclusive

Explanation:

When two events are impossible to come together or coincide, the events are called a mutually exclusive event.

In simple terms, a mutually exclusive event is one that stands alone. No other event can go alongside it.

Just like in the question, since the two projects require the use of the same production facilities, only one project can be taken up at once. This makes each of the products mutually exclusive and means that one project has to go for the other project to happen.

Cheers.

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3 years ago
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