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Rasek [7]
3 years ago
5

Sonny Corporation has a simple capital structure of 100,000 shares of $1 par common stock and 20,000 shares of 5 percent preferr

ed stock, $50 par. Both classes of stock were outstanding for the entire year. During the year, the company reported net income of $550,000 and declared dividends of $75,000 and $50,000 on the common stock and the preferred stock, respectively. Sonny’s earnings per share for the year were
Business
1 answer:
olga_2 [115]3 years ago
3 0

Answer:

$5 per share

Explanation:

The formula and computation of the earning per share are shown below:

= (Net income - preference dividend) ÷ (Outstanding Number of shares)

= ($550,000 - $50,000) ÷ (100,000 shares)

= ($500,000)  ÷ (100,000 shares)

= $5 per share

We do not consider the common stock dividend and the preference share outstanding because this is not relevant for the computation part.

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Exporting countries primarily agree to voluntary export restraints (VERs) to A) minimize exposure in the importing country. B) r
romanna [79]

Answer:

C) avoid stiffer quotas being set by the importing country.

Explanation:

This simply explains the restrictions made in trades where a particular country gives another a specific limit to the a mount of products to be imported and also exported in some cases. Economic experts have argued that in cases of this such, compensation from winners to losers can potentially alleviate the redistribution problem. Also important to notice that not everyone’s welfare rises when there's a rise in national welfare. Instead, there's a redistribution of income. Consumers of the merchandise and recipients of the quota rents will benefit, but producers may lose. A national welfare increase, then, implies that the sum of the gains exceeds the sum of the losses across all individuals within the economy.

The best tool

4 0
2 years ago
You are trying to determine how much money to save (invest) each year in your 401(k) Plan to fund your retirement in order to pa
Klio2033 [76]

Answer:

the money you will invest per year to fund 70% of your salary after retirement is given by,

\frac{401000}{100} X 70%=280 700.

Explanation:

you will need to save 280 700 in order to pay yourself 70% of 401 000.

since percentage is by 100, you will divide the salary by 100 and multiply the result by the new percentage.

7 0
3 years ago
The Hill Company reported the following results:
krok68 [10]

Find the attachments for complete answer

8 0
3 years ago
Maya got a job transfer from Italy to New York. After working for some time in New York, she started to understand the mental mo
alisha [4.7K]

Answer:

C. The capacity to empathize and act effectively across cultures.

Explanation:

Since in the question it is mentioned that the use the words and behavior that are compatible with the new york local culture so here the global mindset that arise in her life represent the attribute with related to the capacity for empathizing and it act effectively over and across the culture

so as per the given situation, the option c is correct

7 0
3 years ago
If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-
romanna [79]

Under the 7-to-1 rule, the maximum salary that would be paid to the highest-paid manager is $105,000.

Data and Calculations:

Lowest-paid employee's annual earnings =$15,000

Maximum-Minimum Salary Rule = 7-to-1

The maximum salary paid to the highest-paid manager = $105,000 ($15,000 x 7).

Thus, the maximum salary paid to the highest-paid manager under the company's 7-to-1 rule is $105,000.

Learn more: brainly.com/question/3854368

4 0
2 years ago
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